The rapid advancement of technology has provided us with great access and convenience to the things we need and desire. The creation of computers, mobile phones, the internet, and mobile data has paved the way for more opportunities for a lot of individuals around the world. From the fast-paced way, data is being spread to the creation of tons of job opportunities that technology has given; it is no doubt how useful technology is in our daily lives.
With the current global crisis that we are all facing brought by the pandemic, a lot of workers were displaced from their jobs and business enterprises are all struggling to survive. If you are one of the displaced workers and having difficulties landing a job, and thinking of a way to earn to make ends meet or you are a business owner whose profit is not enough to stabilize your business, have you ever thought that you can earn online without a capital? Yes, you read it right. You can earn online without capital.
Read: 7 Different Ways to Earn Money Online Using Your Smartphone
It is possible by utilizing the available technology you already have such as your mobile phone, laptop, desktop, or other gadgets that you can connect through the internet or via mobile data. By maximizing the use of these technologies and not just using it for entertainment activities, it is guaranteed that you can earn online without capital.
Here are the two ways to earn online without capital by using your mobile phone, computer, and other gadgets.
2 Ways to Earn Online Without Capital
1. Payment First Policy
This strategy is mostly used by startup online businesses that have less capital or no capital at all. The Payment First Policy is used for selling different kinds of goods online such as clothes, beauty products, food products, and other essentials and in-demand products online. It reverses the term “Buy and Sell” for you can definitely “Sell” first before you “Buy” a product. It is also the safest way for startup entrepreneurs to determine which products have the highest chances of selling before deciding to turn that product into a business without spending any money.
It is done by searching essential and in-demand products online and take a sample picture of the chosen products to advertise on your social media accounts. After gathering the pictures of the products, use your chosen social media platforms such as Facebook and Instagram to post the products online. Be sure to write a catchy advertisement to catch the attention of potential buyers. Keep in mind that credibility and a great marketing strategy are the keys to persuading a client to pay first before receiving the product.
Another plus tip for start entrepreneurs, the Payment First Policy is a great way to ensure that the product you will purchase will be sold and won’t be stocked up for a long period.
2. Sell your skills and knowledge
Selling your skills and knowledge is one of the greatest ways to earn online. If you have specialist skills and tools available that you earned during your working days such as repairing computers, hairdressers, or other related skills that are done physically through meeting the client, you can sell your skills online by doing a home service. For business owners that offer skilled services, selling your business online is a must to compete in the business world. If you have a physical shop you can let your clients visit you or offer a home service for the client’s convenience.
Read: The Best Ways To Earn Money Online In The Philippines
You can also earn from making a profit from your hard-earned knowledge. If you are knowledgeable in graphics and web development, try finding a freelance job online for it is currently one of the highest-paying jobs. You can also sell your artworks, e-books, writing services, video editing, offer online advertisement, and other specialty skills and knowledge you have that can be offered online.
Remember that since a lot of individuals are looking for extra income, doing your best on every services and product you offer online to a client is the key to keep that client coming back for your service, and if you are lucky enough, your client will refer you to other people resulting to an increase on your profit.
(2021), Best Online Business Ideas You Can Start Today, iMoney
Hayes, (2021), Online Business Ideas: 16 Best Low-Cost Ideas and How to Start, Shopify
Moneymax, (2021), 25 Small Business Ideas You Can Start With Low Capital, Yahoo News