I think re-framing the question as follows might lead to an interesting answer
Question: What are the best types of businesses that a tech savy english speaking individual with a good internet connection should go after, such that he needs to put in very little upfront investment in terms of capital or time and what would be the best way to go about it.
Constraints used for choosing a business/market to go after:
- Customers who can be easily found and marketed to online - check whether there is a forum, facebook group etc specific to this market niche
- No physical interaction for location independence - i.e. low touch sales - no enterprise sales
What to Focus on specifically:
Let’s look at what constitutes a successful business
- Ideation and Idea Validation
- Product Design Development
- Product Marketing
- Product Support
A boostrapped entrepreneur needs to do all the steps above in order to have a successful online business. For our tech savy individual, this would be quite overwhelming. I suggest he only pick one of these tasks, the one that is the cause of most bootstrapped business failures and also that requires the least amount of upfront investment - marketing.
Marketing-first stair-step approach
He can start by selecting a target market that he is passionate about and is a profitable market. He can then start building an audience by creating content and aquiring email addresses. His journey can take the following steps - where he goes from one level of success to another.
Level 1: Build a blog/website focussed around a specific niche and monetize using adsense. Revenue from ads.
Level 2: Spend time researching products in that niche and start promoting them for the companies. Revenue from affiliate sales.
Level 3: Create an info-product (or outsource content creation) for the target market that addresses pain points for the customers. Revenue from ebooks (and other media)
Level 4: Create software (or outsource development) to solve those pain points. Revenue from software sales (hopefully SaaS)
I think tech-savy non developers have a HUGE advantage over developers (me included), in that they do not find comfort in developing a product. There is a huge benefit to approaching this from a marketing-first mindset.