One important factor that stops many of you from starting your own business is the money that you need to put into it even before you get started.

The good news, however, is that the internet has made it possible for you to set up a profitable business even if you have less than $50 in your account.

All you need is a stable internet connection, a solid business idea, some good marketing efforts, and you’re good to go.

Don’t believe me?

Let me show you 3 brilliant business ideas to start online with less than $50.

1. Start a Blog

One of the easiest ways to make money online is to start a blog.

But for your blogging career to be successful, you first need to figure out your niche. The best way to do that is to consider an area that you’re genuinely interested in. This will keep you going because it’s something that you’re truly passionate about.

For example, if you like web designing, you can start a blog around that. Show people how to create beautiful web designs easily, or talk about tools that can make their designing job more efficient, etc.

Once you decide on your niche, it’s time to get a domain name that resonates with your topic. You can also use your keywords in the domain name to make it appear more easily in search results. Now get a good web hosting where you can host your domain name.

Most hosting companies let you choose a domain name for free at the time of selecting your web hosting plan. So if you want a free domain, you can choose one while choosing your hosting plan.

After that, go ahead and install a blogging platform like WordPress, Wix, or Blogger in your web hosting. Add a nice logo to your site and start publishing your blog posts.

2. Become a Freelance Writer

If you have a flair for writing, why not use your skills to make some money. Becoming a freelance writer is one option that many people opt for.

Just like setting up a blog, for becoming a freelance writer, you need to set up a portfolio. For that, you need to get a web hosting and domain name, both of which can be purchased at less than $5. But you can also set it up for free. To do that, you have to create an page for your self.

You can then add a small bio, a call-to-action, your social media profile links, etc. Now use this page as your portfolio for cold pitching when you start your writing career. But remember that becoming a freelance writer is not like becoming a traditional writer.

It’s more than knowing great vocabulary. To be a successful freelance writer, you also have to know how to convince your audience to take action and how to make your copy appear in the top search results of Google. For that, you also need to have basic SEO skills.

Once you know that, set a rate for your service, and you are ready to begin your writing business.

3. Become an Online Consultant

Another profitable business that can be started with $50 or less is to become an online consultant. You can be a life coach, a business consultant, a financial consultant, or anything that you’re good at.

The first step you need to take to begin your online consulting business is to set up a professional-looking website. Use it to talk about your experience, how you can help your clients and why they should hire you.

You can also have a testimonial page where you can display what your clients have to say about your services. This will help build credibility, and your audience will trust you and your services.

Add a contact form to help your client reach out to you more easily. Plugins like WPForms can help you add a contact form without any professional skills. You can do it super quickly with just a few clicks.

Once your website is ready, fix the price that you want to charge. This can either be based per hour or per session, depending on your preference. And that’s it. You’re ready to get started.

These are some of the business ideas that can help you make money even without investing more than $50. However, it’s important for you to remember that no matter what business you start, you have to promote it to let people know about it. And social media is the best platform for doing that. This will help you reach out to a wider audience quickly and help you reach your conversions more efficiently.