Business ideas

9 online business ideas you can start right now

{“menu items”:[{“label”:”Is the side hustle hype, or a way to make some cash fast?”,”anchorName”:””},{“label”:”Subscribe to the podcast”,”anchorName”:””},{“label”:”1. Blog or online magazine”,”anchorName”:””},{“label”:”2. Social media consultant/manager”,”anchorName”:””},{“label”:”3. Ecommerce site”,”anchorName”:””},{“label”:”4. Create a course or ebook”,”anchorName”:””},{“label”:”5. Affiliate marketer”,”anchorName”:””},{“label”:”6. Online tutor”,”anchorName”:””},{“label”:”7. Online coach”,”anchorName”:””},{“label”:”8. Technical writer”,”anchorName”:””},{“label”:”9. Freelancer or consultant”,”anchorName”:””}]}

If you have an internet connection, you can start an online business, whether you want to become a full-time entrepreneur or are just looking for ways to build passive income now that you have the time.

The sky’s the limit when it comes to businesses you can start online, but we’ve narrowed down some of the most popular options along with some quick wins you can make today.

Is the secondary hype or a way to make a quick buck?

Subscribe to the podcast

Listen on Apple Podcasts Image: Provided Listen on Google Podcasts Image: provided

Nine Online Businesses You Can Start Right Now

1. Blog or online magazine

Do you like to write? Well, no matter what you love, be it cars, travel or even politics, there is an audience that would be interested in what you have to say. You can choose to share your story, teach a skill, or review products and experiences you love.

This one is potentially a slow burner as you’ll need to build a strong following and high traffic to start earning an income, but if you have the right skill set it’s definitely doable.

There are several ways to generate income from blogging, but the main ways are through ad revenue and affiliate marketing. If you can hit 100,000 page views per month, you can expect to earn between $1,000 and $10,000 per month.

2. Social Media Consultant/Manager

If you’re good at social media marketing, you can help other small businesses develop a strategy, create posting schedules, and create engaging content for their target audience.

Social media managers can expect to earn between $50,000 and $120,000 per year on average.

3. E-commerce site

With its focus on selling products through your own website or an already established online marketplace such as eBay or Amazon, e-commerce is one of the biggest money-makers on the internet.

Dropshipping is similar to running an e-commerce website, but without the hassle of having to store inventory. You take customer orders through an online store and they are processed by a third-party retailer for fulfillment.

This is another online business that will take some time to get started and your earnings will depend on factors like how you chose your niche and how much traffic you generate.

4. Create a course or ebook

Share your internet knowledge with people who definitely have more free time now to learn something new. Whether it’s writing and self-publishing an ebook on Amazon or creating a full-fledged masterclass with interactive content and coaching sessions included.

The time it takes to develop content is the biggest challenge here, as you’re dealing with different types of media and a variety of platforms to deliver your content.

The earning potential is entirely up to you, as you can sell a short ebook for as little as $3 or $4 or market a signature course for thousands of dollars.

5. Affiliate Marketing

If the sound of creating your own digital products or starting a full-fledged e-commerce store seems overwhelming, consider the business model of promoting other people’s products and selling them.

Your goal as an affiliate marketer is to target a niche and build an audience of people who see you as an authority. You can sell one or a set of products to them through an email list, social media channel, or website and earn a commission when those products are sold.

6. Online Tutor

Along the same lines, online tutoring allows you to take what you know and impart it in a one-on-one setting. It could be something like teaching English, helping with test prep, or even giving piano lessons.

You can use video chat tools such as Zoom or Skype or use existing tutorial platforms that allow you to reach willing participants around the world.

Online tutors who are just starting out can expect to earn between $14 and $25 per hour, while more experienced tutors can earn up to $60 per hour.

7. Online coach

If you feel like you’ve achieved success in some part of your life and are ready to help people understand how to achieve their goals, coaching could be the answer.

These days, it’s not uncommon to find a coach for just about anything, including health coaches, dating coaches, business coaches, or life coaches.

Getting started is as easy as setting up regular phone or video calls and you can get started right away marketing to your current network of friends and acquaintances. You can expect to charge between $100 and $1,000 per session.

8. Technical Writer

Do you like technology and understanding how things work? Consider sharing your skills with the ability to present technical information in a user-friendly way.

Like a content writer or copywriter, technical writers create or collect information and communicate complex information simply in the form of software or application-integrated help, a site web or blog. Technical writers can earn between $40,000 and $130,000 on average per year.

9. Independent or consultant

Chances are you can take what you’re currently doing and start offering it as an online service. Graphic designer, project manager, and software developer are all roles that easily transition into online businesses.

For more practical roles, you may need to use your imagination a bit, but you should be able to find a way to translate your skills to the internet. Administrative Assistant? Learn about virtual assistant roles. Speak a second language? Consider translation services.

Freelancer platforms like Fiverr, Upwork, and are great places to start looking for work right away where you can set your own salary, but you’ll have to compete with other freelancers.

Source link