Whether you want to earn income for yourself, help the family’s finances, or achieve self-fulfillment, you can consider going into an online business.
And your options are enormous! Here are seven business ideas you can begin with:
Start working as a freelancer either part-time or full-time. You can do some tasks at home or work in a co-working space. By being an online freelancer, you are not limited to any specific location. You can work on projects from anywhere in the world if you have an Internet connection. You can be a teacher, writer, promoter, social media expert, or virtual assistant for someone who runs an online business of their choice.
Here, the most important thing is your passion for any given topic of your interest, which you want to blog about. If it interests you, it will definitely fascinate you.
Pick up something you are passionate about, then launch a blog on that platform, and start working toward money-making strategies. You need to get traffic for your blog, and it will automatically translate into financial gains in the long run, like earning through Google Ads, sponsorships, and sale of your ad space.
Dropshipping is an online business model where you don’t have any inventory but still can sell products of other companies you already brought from somewhere else through marketplaces like eBay/Amazon or white-label solutions provided by Oberlo.
You place your order with your supplier/manufacturer. Once they ship the product to their fulfillment center, they mark it as shipped in your account so that you can tell them where to forward it next.
This way, you never handle any inventory, but you still can work as an e-commerce store owner and make money.
As your business grows, you can work with a digital business strategy agency. This way, you can maximize the power of e-commerce in helping your company grow smartly.
4. Affiliate Marketing
Affiliate marketing is one of the oldest online business models that have been popular for a long time. Here, you promote someone else’s product on your blog, website, or social media accounts by adding affiliate links or banners.
These ads will send visitors to their site, where they can buy products or services of their choice. You earn a commission every time someone buys a product through your link.
The best part about affiliate marketing is that it doesn’t cost any money to start, and no initial investment is required either. You can set aside your capital for marketing instead. They also offer free training, which you can use to learn more about this business model.
5. Photography Business
Start working as a professional photographer either part-time or full-time. Rent your camera, lightings, studio, or work with your friends at their place. You can start by doing some free shoots for family and friends to get the desired experience before charging money from anyone.
Post all images on social media accounts like Instagram or Pinterest, where a growing number of people are active these days. Don’t forget to use relevant hashtags (especially branded ones) that quickly help you find an interested audience.
6. E-book Sales
Don’t you think it’s a great idea to share knowledge and earn money as well? You can start selling eBooks (physical or digital) on platforms like Amazon Kindle or even your website once you learn more about this business model.
It is straightforward and requires no initial investment. Anyone who knows how to write good content can try his luck with this approach. The best part about selling eBooks online is that they can offer a 70 percent commission for each sale, which might increase in the future if you become their top author.
7. Flipping Domains
Domain flipping is another simple online business model that lets you buy expired domains with good backlinks frequently then sell them for a higher price. The main idea is to find expired domain names with high PR (page rank), good backlinks, and low competition so you can sell them for ridiculous prices.
You need to register free email IDs on places like namepros.com, where you will receive alerts about new domains getting registered or expiring soon. Use this method with caution because some people abuse it by making fake offers/sell offers that eventually turn into spam emails.
If you are good at choosing the right domains, you can easily earn $1,000 per month using this easy online business model.
Many of these business ideas require little capital to begin with, and they are not time-sensitive. You can work at your pace and grow them once you’re ready!