If you are looking for business ideas you can start without capital, then we have carefully curated amazing business ideas you can start with no money.

Some business ideas can be launched as a side hustle in addition to your 9-5, while some can be done as a full-time business depending on your financial expectations and commitments.

Before you launch the business, let’s first consider how to measure the profitability of a business:

Also Read: How To Start A Business With No Money

How To Know If A Business Will Be Profitable

Sometimes, a fancy idea might only be an idea that should not leave the head because of lack of profitability. To measure the profitability of your idea, follow these simple steps to build a business around your idea.

There Is A Real Problem

One of the ways to measure the profitability of a business is to analyze the depth of the problem. How much of a discomfort are people facing with these problems? Is it a real problem that people will be willing to pay for the solution? 

For example, babysitting is a real problem that parent are neck-deep into, and for this reason, they will be willing to pay any amount to get that problem off their back.

There Is A Starving Market

It is not enough to be aware of a problem, to validate the profitability of your idea, you have to take into consideration how much of the target audience is bothered enough to pay for it.

However, to reach the starving market, you will have to build a customer persona around your target audience to determine if they are financially buoyant to pay for your services.

For example, if your idea is a creche that caters to children from day old to three months. Your target audience is not the children but rather their busy moms who cannot wait to get back to the workforce.

To get to the final and best part of your target audience, you will still have to break it down:

For example, the general target audience is mothers, further breaking it down to busy working-class moms.

The audience has been streamlined to busy working-class moms who desire more time to focus on their work while having their babies adequately cared for.

This is how to identify your market share and position your brand to the right audience.

You Have A Unique Solution

As we have established above, you want to build a creche for babies aged 0 to three months for busy working moms. There have been several creche before yours. You need to think about the strategies and tactics to make a difference. The unique proposition might be in terms of the process; of picking and dropping off children, welfare: how children are being catered for during the babysitting period, and service delivery: the general operations of the creche.

The bottom line is that your creche has to be uniquely different to convince mothers that you are better and their children are in safe hands.

These are other elements of a business like branding, brand name, business registration, and so on, however, these are the most essential parts of a business- identifying a pressing problem, getting the market share, and delivering the services most uniquely.

Business You Can Start With No Money

There are several businesses you can start with no money, some of them are purely online businesses that can be delivered anywhere at any time to anyone, while a few others would require a physical location and physical presence.

We will highlight some of our favorite businesses you can explore with no money, keeping reading to find out:

Freelance Writing

If you have a knack for writing captivating marketing copies, fiction and non-fiction, editorial writing, feature, and any other form of writing. Then you might consider building a writing business. Freelance writing is a business you can start with no money and still make a decent income like six figures every month.

A lot of tech companies are looking for user experience writers, technical writers, content writers, copywriters, etc. To help them convey their messages to their target audience.

You can even write for aspiring authors as a ghostwriter for their works and publications and get paid.

All you need to start a freelance writing business is smart phone and internet connection. 

Virtual Assistant Services

If you are big on planning and organizing, and you do not mind routinal and admin tasks. Then you might consider starting a virtual assistant business.

The job function of a virtual assistant is to arrange the itinerary of his clients, schedule meetings, respond to emails, and manage the business calendar. If you have a natural flair for helping people get things done, then you will be fine as a virtual assistant.

All you need to start this business is a smartphone and one paying client.

Social Media Agency

In today’s digital world, companies are looking for who will help them promote their business on social media platforms. If you have mastered social media algorithms and how businesses can position their business in the saturated digital space. A career in social media marketing might interest you to consider it as a business.

All that is needed to start this business is proof of your work and a smartphone.

You can run your social media agency as a side hustle or a full-time business depending on how many clients you have acquired.

Blogging

Blogging is a business you can start with no money if leverage third-party blogging platforms like Medium, Substack, Iko, etc. However, to have control over your content and also get to earn from Google advertisers. It is imperative to pay for domain and hosting.

While we may list blogging as one of those businesses to start with no capital, it is worth noting that if you want to do blogging for the long term and earn from advisers, you will need to spend a few bucks.

All you need to start a blog is writing, WordPress design skills, and mastery of search engine optimization.

The good news is that there are easy-to-use WordPress themes you can install and edit at no cost.

House Cleaning

House cleaning is another business you can consider that does not cost money to start. It is simply identifying people who need the service of a housekeeper.

You can charge people to clean their houses daily, weekly, or monthly either on a one-off payment or subscription. Unlike the other businesses listed, house cleaning is not done remotely, therefore you will need good networking skills, transportation, and airtime to communicate with your clients.

Personal Shopping

If you live in a busy city with lots of working-class professionals. Your chances of being a successful personal shopper are about 90%.

As a personal shopper, you can help busy professionals with their market runs, sourcing fashion items, shopping in bulk and open markets, and also sources for fresh food items at affordable prices.

Event Planning

Another business you can start with no money is the event planning business. Event planning is simply helping prospective celebrants coordinate the activities of their events from guests, vendors, photographers, food, etc.

Think of an event planner as the superhero of a big day. If you have a natural flair for fixing things and great people management, then the event planning business might be the best for you.

One of the great things about starting an event planning business is that you can start with absolutely nothing. All that is needed to start an event planning business is the knowledge of how to curate a list for events, an online presence, and your first client.

Coaching

Another business on the list is the coaching business. Do you have ample years of experience in your industry, then you may consider starting a coaching business to help newbies get started in your industry.

Depending on your expertise, there are a lot of coaching services you can venture in. It does not cost a dime to start your coaching business and you can charge your clients based on hours, days, weekly or monthly.

Content Creation

TikTok has made it possible for anyone to delve into the business of content creation. You do not need to buy a big camera just yet to kickstart your business as a content creator.

Both big brands and smaller brands are looking for individuals to help them create content to promote their brands and products. So getting your first customer will not be talent as long as you know how to position your business.

All you need to kickstart your content creation business is a smartphone, an active online presence, and an internet connection.

Step By Step Guide To Land Your First Client 

Getting your first paying client might be challenging as a newbie in business, to help you land your first client, we have curated a list of things to do to scale through this phase:

• Leverage social media
• Talk about what you do
• Network with people in your industry
• Offer free trial
• Build a portfolio
• Offer free consultation
• Be consistent

Conclusion

Starting a new business can be daunting especially if you are struggling to find your first paying clients. However, we have provided this insight to help you navigate the journey of entrepreneurship and build a successful business. We hope this kit of business you can start with no money and how to get your first paying client is a thorough guide as you embark on this journey.