Canada is second, just behind the United States, when it comes to entrepreneurial activities, and it is ahead of most other countries in the world. The self-employed and micro-businesses thrive within Canada’s gig economy. StatsCan, last year’s data, revealed that there were 2770,234 companies without employees and had annual revenues of more than $30,000.

If you think you’ll need enormous money to start your own business or an enterprise, think twice! A lot of online companies can be set up from home using the minimum expenditure and a minimum of technical knowledge. Today, the Internet is making it feasible for anyone to begin and run their own company.

Getting Started

The initial costs for online startups can be restricted to domain registrations and website hosting, at the very least, initially.

It is possible to have your domain name registered for free through your website hosting plan. If not, the most affordable place to get a domain is NameCheap.

When it comes to web hosting, select the best option price. Many cheap hosting providers leave much to be desired regarding speed, reliability, storage, and other essential functions. They’re also more likely to cost extra for features that trustworthy hosts provide in their packages of basic features. If you want to save money on hosting as an entrepreneur when funds are limited, sign up for an initial offer with the longest time frame feasible (usually 3 years). It could cost only $3 per month!

Check out our hosting guidelines to ensure you’ve made the most suitable choice for your company. We utilize Green Geeks’ Canadian servers to host our websites.

Utilize our checklist, What to Do to Start a Profitable Online Business in Canada, to help you get started in the process of starting your own business online.

Seven Cheap & Easy Online Home Businesses.

You’ll get similar advice on multiple websites if you are looking for ways to earn cash online. For instance, blogging, freelancing, and affiliate marketing are often recommended. Although all of them are excellent options, there are many other ways to earn an income online.

Below are seven lesser-known business concepts for online businesses that anyone can start a successful business at home

1. Become a Narrator or Voiceover Artist

Narrators offer their voice talents to video creators, filmmakers, and other content creators on the Internet. The popularity of YouTube means that narration talent is extremely sought-after. It is easy to locate narration positions on freelancing sites and swiftly establish a steady stream of customers. What’s the amount of money you can make as a voiceover performer? As a voiceover performer and audiobook narrator in Vancouver, Tiffany Ayalik earns $250 per hour.

You only need basic vocal training for a successful career as a narration artist. Also, you’ll need to invest in a high-quality microphone, as with audio recording software, to assist in creating voiceover recordings. You can then forward your audio files to the client to use in their videos.

2. Build Apps Without Coding

Apps are now a major business, and it’s easy to understand the reason. More than 3.5 billion users worldwide download and install hundreds of apps daily using Android and iOS. Android and the Apple iOS platforms.

The revenue of mobile apps worldwide was $365 billion in 2018, while smartphone owners spent around 120 billion dollars on applications in 2019. Statistics on app revenue for 2020 predict profits in the range of $188.9 billion. By 2023, it’s believed that apps will earn an astounding $935 billion in revenues.

With such enticing numbers that it’s obvious that developing applications is a profitable business endeavor. But what happens if you do not know how to code? Because of technological advances, there’s no need to learn how to code to build an application. It is easy to engage an experienced professional developer to build it for you and make it monetizable. You could also look into the free software for app building that allows for a low cost and is easy for most people to create an application.

3. Sell Photos

Do you love taking pictures? If yes, you can earn money from selling your images online. Today, numerous users’ sites, blogs, and websites have agreed to offer prices for top-quality photographs that are unique and unique.

Websites selling stock photos, like Shutterstock, offer attractive incentives to users to earn passive income through their uploaded images. You can also create customized photo collections and sell them via your website or the eCommerce platform that allows digital downloads.

4. Create and Sell Courses Online

Many people today prefer to improve their knowledge and capabilities by taking online courses. If you’re exceptionally proficient or skilled in things, consider offering online courses to other people. Digital learning could be a viable business in itself or as a lead-generator to market, or as an additional revenue source.

There is no need for many technical skills to design courses. Various platforms allow you to build interactive systems that are easy-to-manage tools for students, class materials for courses, and more.

Learn more about this guide for creating your online educational products.

5. Buying and Selling (Flipping) Niche Websites

Nowadays, creating websites and making them monetizable is easier than ever. This has enabled numerous business owners from Canada and worldwide to develop or buy popular websites and later sell them to make an income.

Trusted marketplaces for websites like Flippa are excellent platforms for buying and selling well-established websites. These marketplaces usually offer tutorials to help you best flip websites. You should thoroughly study every website before you purchase it.

6. Flipping Domains

The purchase and sale of domain names is an excellent method to earn online, as it’s a low-cost investment in both money and time. You can purchase the domain name at the registration cost and trade it in later to earn profits.

If you want to make a substantial amount of money from flipping domains, conduct a thorough research by going to domain auction sites or listing websites to learn about what’s in demand. Purchase Domains is a great starting point. The most effective method to find successful domain names is to search expired or expired domain lists. Check to see if there are trademark or copyright violations within this domain, for example, ones that contain a business name.

7. Create a Niche Job Board

Creating job boards online is a unique way to earn money from home. Job boards are a web-based platform that connects job-seekers with employers for a fee.

Job search engines on the Internet are numerous, so you’ll need to identify an area of focus for your job board to make it stand out. For example, you could create a job board for web-based developers or freelance authors.

It is possible to charge a small cost for each listing posted by an employer. You can also offer an enhancement option for ads (highlighted or bold hyperlinks, etc.) or provide companies packages to post numerous listings. WordPress offers a variety of job board plugins. This means you can easily and swiftly implement this idea online using the platform.

What’s Stopping You?

The Internet is full of opportunities for business Canadians However, there are only so cost-effective for some. Each business concept discussed here needs little or no capital investment; however, it will yield great results if you put your effort into it.