When it comes to setting up a business, there has never been a more level playing field than the internet. With only an idea, and a computer or smartphone with internet access, anyone can start profitable online businesses with little or no capital. And the best part? Almost no technical know-how is required.
Five Online Businesses You Can Start With Almost No Capital
Depending on how quickly or extensively you want your business to grow, you have the freedom to live wherever you like, set your own working hours, and work as little or as much as you like.
Five Online Businesses You Can Start With Almost No Capital
Need some ideas? Here are five easy online businesses you can start with little to no capital:
Five Online Businesses You Can Start With Almost No Capital
Sell data, airtime, or cable TV subscriptions from vending websites
Five Online Businesses You Can Start With Almost No Capital
Two of the most consumed commodities in the African digital world are data and airtime. Almost everyone using a smartphone needs them. While people can easily buy from their network providers, there are websites that partner with these network providers to sell data at a much cheaper price. For context, 1.5GB of data from MTN typically costs N1000.
Five Online Businesses You Can Start With Almost No Capital
Image Source: Tech Cabal
Five Online Businesses You Can Start With Almost No Capital
But you’ll find some online retailers sell it for as low as N250. This rate is possible as a result of these vending websites.
Five Online Businesses You Can Start With Almost No Capital
One popular website for data and airtime vending is Mobileng. On this site, you can start and build a profitable business with little to no capital.
For example, see their MTN data and airtime rates in the pictures below.
Image Source: Tech Cabal
Image Source: Tech Cabal
In addition to discounted data and airtime vending, Mobileng also provides 1-3% discounts on payment for utility bills and subscriptions such as GOTV, DSTV, and Startimes, as well as WAEC and NECO scratch cards. What’s more, they convert MTN, GLO and 9mobile airtime to cash at good rates.
Here’s how to set yourself up as a retailer on…
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