Risk: Moderate

Starting an online modular workshop hosting business from scratch can be risky, especially if one can't afford to lose money. Potential losses could include money invested in website setup, marketing, and workshop materials, as well as time and energy spent developing content and attracting participants. Beginners might spend money on advertising and website development without seeing immediate returns. There are startup costs involved in setting up a professional website, purchasing necessary equipment, and marketing the workshops that may not pay off right away. Online discussions often mention challenges with attracting participants and generating enough revenue to cover costs. I'd rate the risk a 2 out of 5 because there is a significant chance of losing money, especially if proper research and planning are not done.