dollarbreedersYoung people are always full of enthusiasm and energy and have a strong ambition to achieve their dreams. Therefore, young people have more advantages to start a business and have a greater chance of success. However, young people are often inexperienced and have no control over unknown risks, which is a natural disadvantage.
For young people, Internet entrepreneurship is more suitable because of its low risk, low investment and low threshold. The Internet is the great equalizer. Especially in the business world, it has set a level playing field.
Anyone can make money online with little to no technical experience required. So what exactly are the best projects for young people with no money and no experience to start a business? Let’s explore them together now!
1. Consignment
The basic idea behind a consignment business is that as a small business owner, you don’t have to maintain a large inventory of products or handle any deliveries to customers. This eliminates the financial costs and the risk of owning a warehouse, and there is no hassle of sending orders across the country or the world. In fact, you don’t need to manufacture or store any products at all.
The only thing you need to focus on is marketing and finding customers through advertising and making sales. Once the sale is made, the rest will be handled by someone else. The only cost to you is the cost of marketing and advertising to acquire new customers.
Advantages
Requires very little start-up capital
No inventory to maintain
You can use your existing customer base to build a market
Disadvantages
You are responsible for shipper errors
The market is very competitive
You have to sell a lot to generate significant revenue
2. Membership Marketing
Membership marketing is somewhat similar to direct shipping, but with some key differences. With this e-commerce model, you no longer have to maintain an inventory of your own products or worry about shipping them to customers.
Basically, you choose a profitable niche for your online business and then find a membership partner that has products available in that niche. Some of the most popular membership sites include Clickbank, Amazon and Conversant’s CJ Affiliate (formerly known as Commission Junction).
They offer almost any digital information product or physical product you can think of. Many large companies and brands (such as Walmart and Home Depot) have their own membership programs.
With membership marketing, you can offer products to sell on your blog or e-commerce site. Each product has a unique link that is traceable to your membership partner’s account. Prospects who click on that link will be taken to your partner’s shopping cart for checkout. After they make a purchase, that purchase will be recorded and you will receive a commission.
The commission amount varies depending on the affiliate partner, but is typically 5% to 25%, or 50% or more for digital information products. As you can see, the risk you take is minimal and there is almost no investment required. Just like with consignment, your only cost is marketing and advertising to drive traffic and generate sales.
Pros
Low risk: no initial investment required
Hands-off business model
Disadvantages
You are responsible for driving web traffic to member links (no traffic means no money)
May need to spend money on advertising and marketing
3. Blogging
If you have expertise, passion or interest in a certain topic, you can start making money through blogging. With services like Blogger, you can start a blog completely free of charge. You can also create your own site and maintain hosting for a low price, which is usually the way I recommend, since many free blogging sites have restrictions on what you can say or do, including making money or advertising.
You may be thinking that blogging is all about writing. It may be about doing just that. But written blog posts are just the beginning. You can post photos, videos and links to other sites, or even republish news and other articles…anything as long as it’s relevant to your niche.
The key to them is that you publish original content that is useful to your target audience and publish it regularly. This is the best way to rank in search engines and get your audience to take action.
Pros
Extremely low start-up costs
You can work on your own schedule
Disadvantages
Can take a long time to start making money
Creating and publishing content can be time consuming
4. Web videos
Have you seen a YouTu video lately? Of course you have! It’s one of the most popular sites in the world, with over 2 billion users watching hundreds of millions of hours of video every day. Not all of them do funny things in some way.
You can use YouTu’s reach to make money online. You’re not trying to make a viral video, although if it does spread around the world and is viewed by millions of people, that’s a good thing.
Instead, you’ll be following a proven strategy to maximize the number of views of multiple videos on a regular basis. You will create useful content – interesting content that people want to watch. This applies to many different areas. It could be how-to videos or talk videos about topics of interest to your niche, and the sky is the limit.
You can profit from ad revenue. Your first step is to create a YouTu account and start uploading videos. Then, you can enable the monetization feature on YouTu settings. Basically, you can add Google AdSense ads to your videos, which you can see if you have watched YouTu videos. When viewers click on these ads, you get paid.
Another opportunity to make money through the YouTu channel is through paid sponsorships. Attract enough followers and companies will gladly pay you to promote or mention their products and services in your videos.
The Benefits
You can use your existing smartphone or computer
It works in several different areas
Disadvantages
Creating and posting videos can be time consuming
It may take a while to start making money
5. Information products
When you have an Internet business, you don’t have to sell physical products. In fact, digital information products are one of the easiest and fastest ways to make money. There are many ways to create information products, but the most popular ones are
Audio: Recorded conference calls, interviews, courses or some other spoken product
Video: Recorded webinars, how-to’s, interviews
Text: eBooks, various instruction manuals, travel guides
In each of these categories, you can really get creative and produce content of any type and format, as long as it is engaging and useful.
Whichever way you go, it is passive income because you put these products up for sale on your website and customers can automatically buy and download them at any time of the day or night. All you have to do is check sales regularly to see which themes or product types are selling best so you can profit more from them.
Benefits
Can generate passive income when you put your products on the market
Can be a quick way to make money
Disadvantages
Creating a product requires some upfront work and time
You may need to invest some money initially
6. Paid knowledge projects
For young people to start a business, my advice is to start with some low-barrier, low-investment, low-risk business projects. For example: knowledge payment. It is one of the hottest Internet startups at the moment. It started in 2016, and after five years of development, it has become a mature Internet windfall project.
Knowledge payment now mainly refers to the phenomenon that the receiver of knowledge pays money for the knowledge he reads. Knowledge payment allows knowledge recipients to indirectly pay knowledge disseminators and screeners, rather than allowing those involved in the knowledge dissemination chain to gain revenue through other means such as traffic or advertising.
Unlike other platform-based projects, those are playing on the big guys’ platforms, which are subject to many rules and uncertainties. In contrast, knowledge payment projects are completely self-built platform system, everything is controlled by yourself, and the income is all your own.
Just like the micro-class project I am doing now, it also belongs to the category of knowledge payment. The most important thing is that it can realize unattended fully automated operation, create personal IP, form brand effect, and then become a real automated money-making machine. The finished product is the following.
Conclusion
The trick to any online business is to make sure you are in a profitable Niche market. So be sure to keep an eye on trends, check out best seller lists on sites like Amazon, and consider what people are talking about on social media. One thing to remember is that you don’t have to limit yourself to just one of these e-commerce opportunities.
Start with one and grow it gradually. Then, add new revenue streams whenever possible. This will increase your income and ensure that you can rely on a particular business to start growing over time. I’m Niu Weiwei, WeChat public number: Niu Niu micro-class Follow me to share more dry goods and take you to break into a future!
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