dollarbreedersIf you are considering starting an online business, now is the time – e-tailing revenue is expected to grow to $6.5 trillion by 2023. This indicates that the number of people who prefer to shop online is steadily increasing. This is a great opportunity for more e-commerce businesses to open up online. However, your success in making money online depends on your ideas. If you don’t have one yet, don’t worry. You can start with some of the best online business ideas by.
1. Start blogging
Expected income: $100-$10,000+/month, depending on blog operating costs and monetization channels
Requirements: writing, content marketing and SEO skills
Starting a blog is one of the most lucrative online business ideas on this list. Many six-figure entrepreneurs, such as Pat Flynn, start by blogging about their skills and knowledge to a small group of readers.
In fact, creating a successful blog is more than just sharing your thoughts on a topic. When starting out, remember to focus on the following elements.
Quality of content. The more valuable the information provided to your audience, the more likely they are to become loyal readers. Not to mention, the blog will have a better chance of ranking higher on search engines.
Traffic size. Bloggers with a high number of visitors usually have a better chance of attracting potential business partners and selling their own products or services.
Monetization channels. Diversifying blog revenue sources will make it easier to maximize profits. Standard methods include affiliate network marketing, Google Ads, and sponsored content. 2.
2. Set up an online store
Projected revenue: $1000-$100,000+/year, depending on market size and eCommerce store and operating expenses
Requirements: Business management, digital marketing and website maintenance skills
Creating an online store is one of the most rewarding Internet business ideas you can try. With the right strategy, you can be the next to launch a multi-million dollar brand. The range of products and services offered is endless. To sell guaranteed best sellers, consider checking out popular products.
Or, try entering a micro niche market. It may have low traffic at first, but that comes with low competition and considerable growth potential. A good example of a successful micro niche business is Neuro, a caffeinated chewing gum and mint company. The founders created the product to make energy drinks and coffee healthier.
In addition to showcasing the product on your e-commerce site, consider selling on social media sites such as Facebk or Instagram. Diversifying your sales channels can expand your audience and thus increase your revenue.
3. Sell handmade products
Expected income: According to recruiters, the average salary in this industry is $30,000+/year
Requirements: Handicraft or craft skills
The Internet has made it easier for artisans to turn their craft into a lucrative business. Unlike businesses that work with suppliers, you have the upper hand in selling one-of-a-kind items that your customers can’t find anywhere else. As a result, higher prices can be charged for crafts.
Another way to sell handmade items online is to use Etsy, a platform with more than 60 million buyers that makes it easy to target your ideal customers. In other words, be prepared to compete with other merchants to capture the attention of users. 4.
4. Sell printed items
Estimated revenue: Sellers typically charge 10%-20% on top of the total production cost to price each print
Requirements: Visual arts skills, such as photography, graphic design or fine art
Selling prints is one of the best online business ideas for visual artists. In addition to making money, it provides fans with the opportunity to showcase your work at home.
One of the easiest ways to sell prints is to create an online store and sign up for a print-on-demand service, such as Printful. this option allows you to produce more artwork and focus on marketing your business while taking care of fulfillment and shipping.
Some businesses also sell full-size digital files of their prints, such as A Beautiful Mess. this way, customers can handle the printing and framing themselves.
5. Become an affiliate marketer
Expected income: $300-$10,000+/day, depending on affiliate program and Niche niche
Requirements: Content marketing skills
Affiliate marketing is one of the most affordable online business ideas. Here’s what you need to do.
Promote your brand’s products or services through your content
Include links that redirect users to affiliate e-commerce stores
Typically, marketers receive a commission every time someone clicks on a link and makes a purchase. One way to start this Internet business is to create a blog that focuses on product recommendations. A good example is Baby Gear Lab, a site dedicated to baby essentials.
To find products to review, sign up for an affiliate program, such as Amazon Associates, Skimlinks or Hostinger Affiliates.
6. Development of an APP application
Expected income: According to Codementor, the average salary is $61-$80/hr
Requirements: Skills in app development, UI/UX design, product management
If you have a concept that would translate well into a mobile app, consider this business idea. Today, people turn to apps to solve a variety of problems – from increasing productivity to keeping positive thoughts.
Those with no app development experience can look for relevant online learning platforms like Treehouse, or they can use software like AppyPie to become app developers without any coding knowledge.
Some ways to make money as an app developer include displaying ads and charging for in-app purchases. Or, the app can be sold on marketplaces such as Flippa.
7. Work as an SEO consultant
Expected income: average rate of $68/hr according to Ahrefs
Requirements: On-page, off-page and technical SEO skills
SEO has become one of the most critical success factors for online businesses. It is a cost-effective way to not only increase brand awareness, but also to generate high-quality traffic.
SEO consultants advise clients on how to optimize their websites for search engines. Due to the highly competitive job market, consider choosing a specialty or client segment to target. Doing so will allow you to become the first choice for a specific service.
Finally, remember to stay up to date with the latest Google search algorithm updates in order to provide your clients with the most current and relevant information.
8. Create online courses
Estimated income: $1000-$50,000+/month depending on production costs, online course platform and number of students
Requirements: Teaching skills and subject matter expertise
This is one of the best online business ideas for those who enjoy sharing their knowledge with others. Many people look for online courses to enhance their professional value and spend their free time effectively.
Since the online learning market is saturated, it may be a good idea to choose a unique topic that other programs have not yet ventured into. Crystal Dawn’s course on making raw desserts is a good example. The topic is specific and caters to a niche market – healthy plant-based food lovers.
While hosting a wide range of course platforms, we recommend that you create a website with an LMS extension. This way, you have complete control over the teaching and monetization methods.
9. tutoring students online
Expected income: Average salary of $17/hr
Requirements: Expertise in school subjects or standardized tests, and teaching skills
Running an online tutoring business is another great option for those with teaching experience. With distance learning becoming the new normal, many parents need help with their children’s education.
Sites like Skooli are perfect for finding tutoring jobs. Their built-in user base will make it easy for you to connect with students looking for your services. After collecting a large number of clients, use your own website to create a full-fledged tutoring business.
10. Become a technical writer
Estimated income: $400-$2500/project
Requirements: Writing, communication and research skills
Technical writing is primarily concerned with making industry-specific ideas more understandable to your target audience. The copy you will write typically includes user guides, white papers, and manuals.
Becoming a technical writer is one of the most lucrative online business ideas on the list. According to relevant data, the demand for these professionals is growing 7% faster than average. Many companies need a technical writer for documentation, internal communications and marketing.
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