3 Online Business Ideas You Can Start With Low Investment

In this post, I’m going to tell you 3 online business ideas that you can start with the 3 most suitable WordPress themes and turn them into big community-driven businesses.

The cool thing is that you don’t need to create content, the users create content for you.

YES!

Let me remind some of the social media platforms like Facebook, Twitter, and Instagram. Here the common thing is that the Content is user-generated/community-driven.

You create tweets for Twitter, post images, and videos on Facebook or Instagram. These platforms use your content for engagement and ultimately build a big community that has the power to run big businesses.

Right?

What if I say, you can have the same business model where you also use the community-driven content.

The only thing that you need to do is ‘managing and collecting user-generated or community-driven content to engage more people.’

I’m not going to tell you about starting a social media platform, instead start a sustainable online business platform that can gather more people around your business and earn you good money that you never thought you could earn with a routine job.

So here you have 3 online business ideas with 3 WordPress themes where you can start your online business.

Let’s get started…

Micro Job/Freelance Marketplace

The best WordPress Theme To Start A MicroJob Marketplace is MicroJobEngine by Engine themes. It comes with all the essential features that you need. And it looks quite similar to Fiverr.

Start A MicroJob Platform Price: $89 (without additional plugins)

The best WordPress Theme To Start A Freelance Marketplace is the Freelancer engine that you can buy from here.

Start A Freelance Marketplace Price: $89 (Without additional plugins)

If you ever think of starting a gig business platform to help people get their small tasks done in time, then starting a Micro Job OR Freelance marketplace could be a great idea.

It’s a platform where customers are the companies, individuals, and businesses who hire experts in their field to deliver work on time.

There are three steps in this business…

• Experts or freelancer post their expertise to get hired
• Businesses/individuals are the customers who hire experts/freelancer
• Business Platform: A platform where these businesses or individuals find experts to get their micro job done.

The business model is pretty much similar to Fiverr.com but you can make it more specific to keep the quality top-notch.

Fiverr is the most popular platform enabling people to make money from their skills. But the only downside is that it’s not specific and this is why gig quality is not what is expected.

But you can improve these two things in your model to build a solid business to provide top-notch services.

Now let me tell you what steps you need to take to start a micro-niche platform to build a big online business from home.

• First of all, you need a domain name for your business. [How to pick & buy a domain name wisely]
• Once you have a domain name, you need to buy a hosting server. Initially, you can try a baby plan of HostGator and later migrate to the VPS or dedicated server to handle database & high traffic.
• The process is quite similar to starting a blog.
• The next thing is to design your business platforms. You can either hire a professional or buy an affordable theme with all essential features.
• Once everything is ready, it’s time to make a financial plan for business promotion. It includes blueprints of how to encourage experts to join your platform and how to get more eyeballs to your business.

This is how you can start a micro job marketplace.

No business can survive without profit. So it’s time to grow your business so that you can make a good profit.

For this, you need experts who want to sell their services on your platform and customers who can buy these services to get their job done in time remotely.

It’s a win-2 situation for both. But the question comes how you make money out of it.

Simple…

There are several ways you can make money with your micro job marketplace…

Service charges:

You can always take 1% as a service charge (and min $1) from your customers.

For example, if an expert selling a service of logo designing for $5, you can charge an additional $1 to your customers. It means the customer has to pay $6 for the same service.

This is how you can make $1 or more depending on how big the plan is and how many customers reach out to your business.

Promoting other’s services:

Another way to make money is to ask your gig publishers (experts or service providers) to promote their gig.

It’s very similar to advertising service on your platform to get more customers to a gig.

In this way, you’ll make money from advertising.

This is how you grow your platform.

Q&A / Forum

If you don’t want to hire a web developer for your Q&A site project then try the WordPress QAENGINE theme by EngineTheme to get started.

Start A Q&A site Price: $89

If you want to start a Forum site then WordPress Forum Engine by EngineThemes is the best theme for your business.

Start A Forum Site Price: $49

Do you Remember Quora? I hope you do…

It’s the world’s largest Q&A platform having over 300M active users monthly.

What is the QUORA business model?

It’s “Advertising”… similar to Google ads / Facebook Ads.

(And similarly, you can talk about warrior forum, if you’re about to start a Forum site.)

Quora has now become one of the most popular platforms that drive over 500M page views every month.

The best thing is that all content is generated by users. They ask questions on Quora and get answers from other users.

Moreover, it has enabled the monetization of valuable questions to attract more people to engage with the platform.

Quora makes money with advertising and you can do the same.

Let me tell you how you can start a Q&A site and turn it into a profitable home business.

For this, again you have to buy a powerful hosting and domain name.

Once you have both, it’s time to design your Q&A site.

Either you can hire a web developer to make a custom design or buy a premium WordPress theme.

It’s your choice. But you can always try the Q&A Engine theme to start a Q&A site or try the forum engine theme to start a forum site.

So far, you have a fully-designed site and now it’s time to turn it into an active business.

Steps you can take to start a Q&A site and earn money with community-driven content…

• First, allow users to ask questions and get valuable answers. It may take 1 -2 years to have a great collection of questions and answers. This is all about user engagement.
• As time passes, the number of users will be increased. Which means more content and more traffic.
• Once you start driving decent traffic, you’re ready to place the advertisement. This is the first monetization process to start making money initially.
• Here you are the manager of community-driven content. All you need is to manage your database and also follow the best SEO practices to drive organic traffic.
• To grow your platform, you can offer referral rewards to users for promotion. For example, a referral program and free giveaway can encourage users to invite new users.
• As your business grows, you can contact companies to serve direct ads on your site. These could be big-money opportunities for your business.
• As your platforms helping people to get their problems solved, you can have great opportunities to make more money online including displaying ads, direct advertising, selling digital products, and more.

This is how you can make money with the community-driven content on Q&A or forum community sites.

Job Portal

If you want to start a job portal website then JobEngine is the best WordPress theme you can try.

Start A Job Portal Price: $89

The 3rd online business idea is a “JOB PORTAL”. It’s a job marketplace where people can find the latest job opportunities.

You might underestimate the power of Job portal but the online recruitment industry is valued at over $30 billion. And you can start your job portal business to take the one slice away from it.

It could take a lot more time to create a job portal and grow it into a profitable online business.

But there are third-party job search engine platforms offering an API to have the job database to have your own job portal site.

You can search for a keyword like “job portal API” on Google to find the best Job API.

Once you have the database, you’re in the position to start your own job portal.

Take the following steps to start your business…

• Find a niche: It’s important to find what type of job you are going to post on your job portal. It could be a remote job, work from home job, or maybe other job listings based on your interest or popularity.
• After that, it’s time to buy a powerful hosting and domain name.
• The next step is to design a custom job portal. (You can hire a web designer or use a premium job portal WordPress theme ).
• The most important thing you need to do is to set up a job portal API to get the latest job openings.
• Once you set up your business, it’s time to grow your business. For this, promote this job engine on social media platforms; especially on LinkedIn.
• As traffic grows, you can monetize it using AdSense or other third-party ad networks. You can also charge a fixed price if any company, individual, or business asks you to post their job ads.

This is how you can start a job portal and making money.

Over To You

Here I have shared with you the 3 online business ideas that you can start from home with a very low investment.

Either you start a job portal or a Q&A site, you are helping users finding jobs and answering their questions.

The cool thing is that you don’t need to create content. Everything is community-driven. You just need to represent things in a different manner.

These are not theoretical business models, every one of these businesses are established already. So learn from those businesses and make your business model more powerful.

In the end, I just want to ask you to choose one business model you want to work on.

Love this guide, please share it on social media platforms sites like Facebook, Twitter, Pinterest, and Reddit to help people find business opportunities.

Originally Published On Beginnersblog.org (Online business ideas)