Have you ever thought about starting your own business? If yes, then you will have to do a lot of work like planning, market scanning, and understanding the marketplace.
It might sound very technical and tough. But when it’s “your business”, you will surely leave no stone unturned to make it the best.
In Canada, the prospect of starting a business is ever-increasing. The number of entrepreneurs has improved significantly in the last 3-4 years. If you are confused about the choice of business, then you are at the right place, because we have got you covered.
Benefits of Starting a Business in Canada
The Canadian economy is comparatively much more stable than many countries. Hence, entrepreneurs have a fair chance of a successful start-up.
Before getting into any kind of business, it is crucial to know what are the benefits of doing it. Thus, given below are some advantages of doing business in Canada:
- The business environment is suitable for new start-ups. The corporate taxes are also just 15% of the profits.
- There are lots of funding opportunities for entrepreneurs who wish to get into the investment pool.
- The overall unemployment rate of the whole country will also reduce.
- The staff you hire will also be educated, thus making a whole team of professionally competent people.
10 Profitable Business You Can Start with No Money
Now let us start with the list of profitable businesses you can do in Canada with no money.
1. Content Creator
The number one business you can do without any money is content creation. Now, this is not limited to just writing or scripting. It can be videos, audio, long-form content, and whatnot. If you are an experienced writer you can make money through it
If you don’t like to write but love making videos then your content is the videos you make. Upload them on various platforms and increase your engagement. You will start earning money as well. There is no investment needed to start content creation and the scope is endless.
2. Podcasting
These days video and audio podcasts are becoming very popular. You can also try to start your podcast. All you need is a mic, somewhere comfortable to sit, and occasionally some guests. You can cater to topics like finance, taxes, health issues, or any hot topic.
It requires very little investment and once you get featured in the top charts your earnings will start. Apart from that you can get money through paid subscriptions and donations as well.
3. Freelancing
Freelancing is a very broad concept. It includes anything that you can do on a part-time basis and earn a significant amount of money. One particularly interesting and free job you can do is Freelancing copywriting.
Companies these days are willing to pay a high price to get valuable content that can boost their sales. So, if you have a little experience in doing copywriting then you can earn almost $25 an hour. Experienced ones earn up to $100/hour.
4. Instructing Business
Instructors are in very high demand. It can be yoga, fitness, gym, beauty, make-up, furniture assembly, and the list is endless. If you also love to instruct and guide people then you can become an instructor.
The job is simple. You have to guide a batch of students or people to accomplish a task and you will be paid. You can check on YouTube how much these video instructors are earning and people are madly subscribing to them.
5. Affiliate Marketing
Affiliate marketing is not only a marketing technique but a smart way to earn money with no investment. All you have to do is sign up with any affiliate program.
Therein the company will start to pay you for promoting their products and a fixed percentage of commission for every successful sale. Try to combine this technique with blogging and YouTube to get the most benefits. The more you sell the more you earn. There is no cap on how much you can earn this way.
6. Buying and Selling Vintage Stuff
Nowadays, the trend to visit thrift stores, antique shops, and second-hand markets is increasing. It is estimated that this market will rise to $82Bn by the end of 2026. So, why not dip your hands in it?
If you have knowledge of antique stuff and own some brands, it is an excellent way to open your own thrift store/second-hand garment shop and sell these. You can easily rent a shop or maybe start from your home.
7. Blogger
If you can write well and have some experience then blogging is also a good option. You can use free platforms like WordPress, and Google Blogs to start your journey.
Try to research the hot topic and focus on the key phrases. Gather lots of worthy information and draft it. Reach out to more and more people to build trust. On average a blogger has the potential to earn $40,000 per annum.
8. Delivery Driver
If selling is not your forte, try becoming a delivery driver for other stores. If you don’t want to deliver for others, you can open your courier service. In Canada, there are buildings filled with offices. Hence, it is a tappable market for you.
You need to do an online certificate course or obtain a delivery license to proceed with your delivery service. Other needs include a fuel-efficient vehicle. You can earn up to $20 an hour doing this.
9. Online Tutoring
Online Tutoring is the easiest thing you can do online without any investment. You just have to possess a skill to impart. These days parents are looking for art teachers, music lessons, and language teachers online.
If you know anything about these skills, then being an online tutor is worth a shot. Charges depend on the rate prevailing of similar tutors. But they can go extremely high, depending on the demand.
10. Start Walking Dogs
It sounds weird but walking dogs is a very resourceful job. People have hectic lives and ignore the basic needs of their pets. They need pet sitters to do the job. You can also become one just on a part-time basis.
You will be paid hourly and the money is decent. Moreover, it will be like you are exercising and earning at the same time.
Profitable Business in Canada: Key Takeaway
Doing business without money was maybe impossible earlier, but now you have all sorts of options. Some of these have emerged due to technology. Who would have thought that by video recording your daily routine you can earn money? Yes, it’s called vlogging and many people do it.
Likewise, you can choose what you love and develop it into a business. If you like traveling, become a travel blogger a travel advisor, or even a food blogger. If nothing given in the list suits you, try exploring your hobbies. Maybe the answer is hidden there.
Which business according to you is the most viable without any investment? Comment down your options.
Wow, what an insightful article! Starting a profitable business with no money might sound like a tough task, but your suggestions make it seem achievable and exciting. I particularly loved the focus on skills and resources we already have, like freelancing or offering services. It’s a great reminder that sometimes all it takes is a bit of creativity and hard work to kickstart our entrepreneurial journey. Looking forward to implementing some of these ideas. Thanks for sharing!