How to Start A Home-Based Business with No Money

Modern Mentor AI

Posted in Business 4 min readJanuary 24th, 2025

Relevant Influencers

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Timothy Ferriss

Business, Investing

Tim Ferriss is an acclaimed author, investor, and business innovation guru. Recognized as one of Fast Company's 'Most Innovative Business People' and Fortune's '40 under 40', he has advised early-stage technology companies, such as Uber and Facebook. Ferriss has authored four #1 New York Times and Wall Street Journal bestsellers, with 'The 4-Hour Workweek' being his flagbearer. His 'The Tim Ferriss Show' podcast made him 'the Oprah of audio'. Ferriss graduated from Princeton University in 2000, studying language acquisition and East Asian Studies. He honed his non-fiction writing with Pulitzer Prize winner, John McPhee.

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Ray Dalio

Business, Economics

Ray Dalio, founder and co-chairman of Bridgewater Associates, has built the world's largest and highest performing hedge fund in the past 40 years. He is the author of Principles, a number one New York Times Bestseller and Amazon Business Book of the Year. Appearing on Time 100's list of the world's most influential people and Bloomberg Markets' list of 50 most influential individuals, Dalio resides with his family in Connecticut.

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Dr. Michael Salla is a renowned scholar with expertise on international politics, conflict resolution, and U.S. foreign policy. He has held academic appointments at several institutions, including American University and George Washington University in Washington D.C., and Australian National University in Canberra, Australia. Dr. Salla, who holds a Ph.D in Government, has authored multiple books on international politics, and is credited with pioneering 'exopolitics', a field studying political processes associated with extraterrestrial life. Salla has written a series of best-selling books on the subject. He is the Founder of the Exopolitics Institute.

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Brendan Kane

Business, Marketing

Brendan Kane is a forward-thinking strategist for Fortune 500 companies, celebrities, and brands, specializing in audience engagement. He began his career at Lakeshore Entertainment, pioneering the company's first influencer campaign and working on films generating a $685m worldwide gross. Kane later developed platforms and applications for high-profile clients such as Taylor Swift and Rihanna, accessed by over 50 million people globally. He co-created an advertising technology with MTV, utilized by companies like MGM, Lionsgate, and Sony. Past roles include Vice President of Digital for Paramount Pictures and leading a major social optimization firm. Known for acquiring a million followers in under 30 days, Kane wrote bestseller One Million Followers to share his methods.

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Howard Marks

Business, Investing

Howard Marks is the co-founder and chairman of Los Angeles-based investment firm, Oaktree Capital Management, which boasts $80 billion under management. Academically, Marks achieved a Bachelor's Degree in Finance from the Wharton School and solidified his background by gaining an MBA in Accounting and Marketing from the University of Chicago.

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Jake Knapp

Business, Marketing

Jake Knapp, author of "Make Time" and "Sprint", is renowned for creating the design sprint during his decade at Google and Google Ventures. He has mentored 150+ companies such as Slack, Uber, New York Times and LEGO, teaching his process. He is based in San Francisco where he resides with his family.

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Marty Cagan

Business, Marketing

Marty Cagan, founder of the Silicon Valley Product Group, is a renowned figure in the tech industry who was previously an executive at notable companies like Hewlett-Packard, Netscape, and eBay. His expertise spans product management, software development, product marketing, user experience design, software testing, and general management. He also offers guidance to tech organizations via SVPG. A prominent author, his written works include "INSPIRED: How To Create Tech Products Customers Love", "EMPOWERED: Ordinary People, Extraordinary Products", and "TRANSFORMED: Moving To The Product Operating Model". He is also a distinguished keynote speaker.

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Lyn Alden

Business, Investing

Lyn Alden is a renowned investment and macroeconomic analyst offering research for diverse investors through her platform, lynalden.com. Her unique expertise combines engineering and finance, focusing on energy and monetary system analysis. Besides research publishing, Alden holds positions on the board of Swan.com and acts as an advisor to venture capital firm ego death capital.

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Don Norman is a distinguished designer known for his focus on the intersection of people and technology. Noted by Business Week as one of "the world's most influential designers," Norman's influence spans books, lectures, and consultations. He has held numerous esteemed positions, such as Vice President at Apple, and has been honored with multiple degrees and awards. His prolific work includes renowned books like "The Design of Everyday Things" and "Design for a Better World". Norman asserts the importance of design in solving pressing global issues, emphasizing it as a tool to understand and address human behavior. Find his work at www.jnd.org.

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Rob Fitzpatrick

Business, Marketing

Rob Fitzpatrick is an author, entrepreneur, and business mentor. Over 14 years, he's run numerous small businesses and shared his knowledge in three handbooks: The Mom Test, The Workshop Survival Guide, and Write Useful Books. His books are studied at Harvard, MIT, and UCL, while companies like SkyScanner and Shopify utilize them for training. Having run training programs for companies like HP and Sony Mobile, he's also helped mentor numerous startups. His advice is practical and proven. Fitzpatrick also shares insights via short YouTube videos and more information about him can be found at robfitz.com.

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Starting a home-based business with no money might sound challenging, but with creativity, determination, and leveraging your existing skills and resources, it's entirely possible. Here, we'll explore niche, easy-to-start business ideas that require minimal to no upfront investment, along with hypothetical example businesses to inspire you.

1. Personalized Meal Planning

With an increasing number of people looking for diet-specific meals, such as keto, vegan, or gluten-free, a personalized meal planning service can be a lucrative business. Use your culinary knowledge to create customized meal plans for clients based on their dietary needs and preferences.

  • Example Business: "KetoCustomPlanner.com" - A service that offers personalized keto meal plans with recipes and grocery lists, focusing on budget-friendly and easy-to-prepare meals.

2. Virtual Interior Design Consultant

If you have a flair for interior design, offer your services virtually. Clients can send you photos and dimensions of their space, and you can provide them with design ideas, mood boards, and shopping lists.

  • Example Business: "EcoChicDesigns.net" - Specializing in eco-friendly and sustainable home décor, providing clients with virtual consultations and resources for sourcing sustainable furniture and decorations.

3. Niche Blogging or Vlogging

Start a blog or vlog focused on a specific niche you're passionate about, such as sustainable living, a particular hobby, or a unique lifestyle. Monetize your content through affiliate marketing, sponsored posts, and advertisements.

  • Example Business: "UrbanGardeningGuru.com" - A blog dedicated to urban gardening techniques, offering guides, tutorials, and product reviews for city dwellers looking to grow their own food in limited spaces.

Here is our article to help you brainstorm a few vlogging ideas.

4. Handmade Craft Seller

If you're skilled at crafting, consider selling your creations online. Sites like Etsy allow you to open a shop for free and list your items for a small fee. Focus on a niche market to stand out, such as handmade candles, jewelry, or eco-friendly products.

  • Example Business: "RecycledArtWear.etsy.com" - An Etsy shop specializing in unique, handmade jewelry and accessories made from recycled materials.

5. Online Tutoring or Courses

Offer online tutoring services or create courses in a subject you're knowledgeable about. This can range from academic subjects to more niche areas like music production, photography, or even personal development.

  • Example Business: "MindfulMathMasters.com" - An online tutoring service focused on making math engaging and accessible for students with learning differences, using mindfulness techniques to reduce anxiety.

6. Freelance Writing or Editing

Despite the advent of AI, there's a growing demand for content creation and editing. Start a freelance writing or editing business focusing on a niche market, like technical writing, grant writing, or content for specific industries. With AI you can craft articles much faster, and provide expedited results to your clients.

  • Example Business: "TechContentHeroes.com" - Specializing in creating and editing technical content for startups and tech companies, from blog posts to user manuals.

7. Social Media Management for Small Businesses

Many small businesses struggle to maintain an active social media presence. Offer your services to manage social media accounts, focusing on niche markets such as local restaurants, boutique stores, or artisanal brands.

  • Example Business: "CraftBrewSocials.net" - Providing social media management services specifically for small craft breweries, helping them engage their community and promote their products.

8. Virtual Event Planning

With the rise of virtual events, there's a need for planners who can coordinate and manage webinars, online workshops, and virtual conferences. Focus on a specific type of event, such as corporate training, wellness retreats, or educational seminars.

  • Example Business: "WellnessWebinarWonders.com" - Specializing in planning and executing virtual wellness retreats and seminars for corporations and individuals.

9. Pet Services

Offer pet-related services such as virtual pet training, pet behavior consultations, or a pet product line. You could create handmade pet toys, natural treats, or custom pet clothing.

  • Example Business: "PawsitiveTrainingVideos.com" - A site offering video-based dog training tutorials, along with virtual consultations for personalized behavior training.

10. Eco-Consulting

As sustainability becomes more important to consumers and businesses alike, offering eco-consulting services can be a lucrative niche. Help individuals or businesses reduce their environmental impact through waste reduction, energy efficiency, and sustainable practices.

  • Example Business: "GreenBizConsultants.net" - Providing small businesses with actionable plans to become more eco-friendly, from reducing waste to sourcing sustainable materials.

Starting a home-based business with no money is about leveraging your skills, being creative, and finding a niche where you can offer unique value. By focusing on areas you're passionate about and utilizing free or low-cost online platforms to reach your audience, you can build a successful business without a significant upfront investment. Remember, the key is to start small, grow your brand organically, and reinvest any earnings back into the business to help it grow.

Please note, the example businesses provided are hypothetical and meant to inspire potential business ideas. When starting a business, it's important to conduct thorough market research and consider legal requirements such as business registration and taxes.