Capital is always an obstacle when people want to start a business. Many want to start a business but have limited capital. Well business.wowkia would like to share some small capital online business opportunities through this short article.
Therefore, if there is a business that requires small capital, it will definitely be very helpful.
Incidentally, there are now many small capital online business opportunities in the digital era. Online offers business with very affordable capital or even free.
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7 Online Business Opportunities
What are the online business opportunities for small capital in this online era?
1. Affiliate Marketing
Selling other people’s products through promoting links. That’s affiliate.
Maybe in the offline world, an affiliate is a realtor.
Because it’s online, it’s pretty easy, you just put a link on their blog and expect visitors to click on the link and make a transaction.
Some of the affiliate benefits are:
- Free. No need to pay to join the affiliate program.
- No need to create products. The product is provided by the affiliate owner. Creating a product takes extra effort, not everyone can and is able to
- No need for logistics & delivery and CS services. Everything is handled by the product owner, from shipping to serving complaints.
- Become a long term income. Because the affiliate method is quite simple, it can be a source of recurring passive income
Content is key in affiliate. The right content will attract visitors that bring conversions.
If the content created is not appropriate, the chances of conversion will be small. The visitors who come are not in line with the affiliate’s goals.
How to create content that can convert to affiliates?
Understand the affiliate product well. As much as possible from the beginning, it has been planned that the affiliate to be promoted is in line with the topic of the blog.
For example, if our blog talks a lot about finance, then choose finance affiliates. Not technology affiliates.
With like-minded affiliate products, the content will be easier to customize. Readers will also read it more seamlessly, not hard-selling.
2. Sell Photos
The photos we take even on our cell phones can now be sold online and earn dollars. Obviously, this requires no capital or, if it does, very little capital.
We can sell photos online on Shutterstock.
Shutterstock is a microstock site that caters to selling photos, videos, vectors, music online by paying royalties to contributors for works purchased from their platform.
Currently, there are 1 million contributors. There are also 330 images and 18 million videos on this microstock platform.
The platform has paid out over $1Billion to contributors.
The commission varies from 15% to 40%, which is determined based on the number of photos sold. The selling price given by Shutterstock for a single image ranges from $0.01 to $120 dollars.
Tips for getting your photos accepted are:
- The photo must be clear. Not blurry.
- Minimum photo resolution must be met as per guidelines
- Photo format and size as required
- The photo has an interesting angle, which distinguishes it from other photos
- Description, keywords and other metadata, written in English. Not Indonesian, or any other language.
- Upload your own photo. Unauthorized use of other people’s photos is prohibited
- Re-upload photos after retouching as suggested by Shutterstock
- Choosing the right category, keywords, description according to the content of the photo
3. Sell T-shirts Online to Overseas
Those who have design skills can make and sell t-shirts abroad simply through their cell phones. Then earn dollars if the shirts are sold.
No capital is required. All you need is a cellphone connected to the internet.
No need to worry about printing and shipping as it will be done by the Print on Demand platform.
Print on demand is a business where products can be customized or printed based on customer requests.
One example of print on demand is online t-shirt design and printing.
Here is the process of making and sending t-shirts via cellphone:
- Design t-shirts on widely available design platforms, such as Canva
- Create a landing page to sell the t-shirt design
- Connect Whatsapp in the landing page for buyers to place an order
- T-shirts that have been ordered printed on a print-on-demand platform service
- Send t-shirts to customers by print-on-demand services
The advantage is that you can print just one shirt. Yes, one shirt can be ordered and sent directly to the buyer.
From this process, we can also see that our job at the beginning is only to design the t-shirt. The rest, from printing to delivery, is done by the print-on-demand service.
So, it’s a quick process, perfect for stay-at-home moms who want to earn extra income.
For the print on demand platform in Indonesia, there is tees.co.id. Here you can sell custom items such as t-shirts, tote bags, mugs, masks, pillows, everything here can be customized.
Our job is simple, just upload the design on the tees.co.id or ciptaloka or tokome.id website and then you set the price.
For example, here there is a t-shirt sold for USD10. Usually, the production price from tees.co.id may only be around USD7.
Overseas, there are several well-known print on demand platforms, namely:
- Redbubble.com. It’s print on demand that can print a lot of stuff.
- Printify, same for selling print on demand.
- Merch by Amazon, well this is the biggest sales. It’s also difficult to enter merch by Amazon because amazon already has a name.
- Teespring, this is also the same POD platform for printing t-shirt or jacket designs.
For those who want to play in print on demand like this, try to make the design yourself. If you can’t make it yourself, hire a designer to make the design.
This is to avoid problems arising about copyright because abroad copyright infringement is a serious crime.
4. Selling Design Templates
One of the growing fields in online business is design. And the design turns out to have many aspects that can be sold, can be monetized.
One of them I found the Creativemarket site which is a marketplace for selling design products, such as templates, fonts, icons, graphics and others.
Up until now, you’ve had to order exclusively from designers you already know.
With a marketplace like Creativemarket, your products can be more easily recognized and ultimately more easily sold.
One of them that I have bought is a powerpoint template for the need to make presentations to clients. Instead of having to make my own, which takes time and skill, not necessarily good anyway, buying in this kind of marketplace is more effective and can choose the quality of the template.
Those with design skills can create templates and sell them on marketplaces. The price is in US$.
Another list of marketplaces to sell design work is:
- Artworkheroes.com
- Society6.com
- Etsy.com
- Redbubble.com
In addition to templates, selling stock photos on the Microstock site is for those of you who like photos, graphic design. It can also be for those of you who are professional photographers and graphic designers, who want to have passive income.
Microstock is an online business marketplace selling photos and vector images.
The online photo and design market is huge, huge. The buyers are companies, media workers who are chased by deadlines so they don’t have time to do photoshoots or create their own vectors or companies who find it cheaper to buy ready-made generic photos than to pay their own photographers and models.
Because photos and vector images sold on microstock sites can be downloaded repeatedly by buyers and each time you still get a share.
Hence it becomes a source of passive income.
Nowadays, becoming a microstock contributor is much easier because it can be done directly from a smartphone and the administrative requirements are much easier than before.
Earnings are determined by the price of the template and the number of sales. Prices are in US$ dollars.
So, you can imagine the potential profits earned with dollars.
However, price depends on quality and since selling on a marketplace is, so to speak, perfect competition, clients can easily compare and choose based on various aspects.
5. Canva Creator and Contributor
Canva is the largest online design website in the world today. It is very popular and widely used by people all over the world.
Canva opens up opportunities for anyone to earn extra income as a Canva contributor.
We can submit designs as a Canva contributor. Later, if the digital file is purchased by one of our customers or the design we created is used by a Canva Pro customer, we will earn royalties.
Being a contributor will not take up your time. The contributor system is not fixed, so housewives can adjust to the free time available.
The Canva Creator registration process is as follows:
- Visit the Canva Contributor page, click the Become a Contributor sign
- Create an account, if we didn’t have one before. Connect a Gmail or Facebook account.
- If you already have an account, you will be directed to the Contributor Hub page. On this page we can upload design files in Canva.
- Choose files, we can also upload multiple content files at once
- Complete the metadata form with the title, artist name, and keywords. Use a few keywords that match the title so that Canva users can find your work.
- Choose: “I am the content owner and have permission for everyone’s properties and brands to be displayed on the content, so our content will be Pro content, thus earning royalties”.
6. Freelance Writer
Another money-making online job you can try is becoming a freelance writer.
Being a freelance writer is quite promising nowadays. Because the need for article content is increasing.
Besides being able to work online, being a freelance writer is also quite flexible. The working time can also adjust to the looseness of your activities.
The income from being a freelance writer is also very profitable. Usually a freelance writer will be paid based on the words that have been written.
There is no need to be confused in finding a job as a freelance writer. Several websites regularly open freelance writer vacancies. These websites include sribulancer, projects.co.id, kontenesia.com, and many others.
7. Dropshipper
Dropship is selling another party’s product (supplier) without having to buy it first. We can even sell under our own business name.
Later, the delivery of goods will be sent by the (supplier) directly to the buyer.
Although the benefits are not as big as having your own products, the results are still promising.
Apart from not having to stock items, the benefits of being a dropshipper are:
- No hassle to send goods. Shipping is borne by the seller.
- The cooperation system is not bound. You are free to sell various goods.
- Small capital. No working capital required to purchase goods.
Tips for Success in Online Business
The online era is already unstoppable, especially since the Covid-19 pandemic, the demand to do many things online is getting higher.
Positively, online business ventures are bound to mushroom and continue to grow. The question is, how to start an online business and what are the tips.
- Your skills and abilities. Even though the capital is small or without capital, but the competition for online business is very sharp and tight, because of the low barrier to entry, for example, anyone can peddle or sell products in the marketplace. Therefore, you need to have strong skills that are continuously honed.
- There are many online business options, choose the one that you are best at and have strengths in. Although opening an online business is relatively easy, the competition is fierce and therefore you need to focus on certain skills that you are most qualified in, which will definitely be difficult if you do many things.
- Online business is not a sprint but a marathon. It takes hard work and patience to run an online business to be successful and profitable.
Those are some online business opportunities with small capital that you can develop from now on. Hope it helps.
