The Internet has more than 3.2 billion Internet users. This is a huge marketplace that one could exploit to earn more money and there is a variety of ways one can do that. However, it is not that easy to start a business especially an online one because there is a handful of factors that play a part in it such as money, predictability, and competition. Probably the hardest thing is to stop procrastinating and to start doing it.
Online businesses mostly do not require a huge investment but require a lot of effort to become successful. If you are willing to put your time and energy into it, you can make quite a fortune while working full-time.
As there are thousands of possible online business models you can choose from, you might feel overwhelmed. If so, you can start something from this short list of the most popular and easiest to start online business ideas.
Build a Dropshipping Business
Dropshipping is one of the most popular online businesses today and it has never been easier to start one. It is a business model in which you sell items online but do not have the products you sell in stock. Instead of that, you order items from your suppliers and they send the products directly to your customers.
There are already a lot of dropshipping stores and if you are shy of ideas here is a list of new business ideas for a drop shipping startup.
Become a Virtual Assistant
If you have a dream of becoming an entrepreneur, this business idea might be really good for you. A lot of entrepreneurs do not have the time to deal with business offers, emails, schedule and other stuff. Consequently, they hire a person from outside mostly virtual assistants to help them.
Most of the time they are not paid a lot but working as a virtual assistant for a self-made entrepreneur can be a good opportunity to learn about entrepreneurship as well as a great way of networking and expanding your social circle.
Self-Publish an E-book on Amazon
Amazon made book publishing much easier compared to the older days when you had to complete all the publishing things like editing, formatting, and marketing. If you are an expert in any field or just good at writing, you can try to write your own e-book and self-publish on Amazon.
When you launch your own book and generate several hundred sales in the first week Amazon will start promoting your book for you. This way you will be able to earn more money and turn it almost into a passive income stream.
Become a Blogger
If you are a good writer but do not know what kind of book you would like to write, you can start blogging. I know that there is already a bunch of blogs but there are still some niches that are not exploited enough or maybe you could add a lot to the already existing community.
You can even be a pretty bad writer but still, benefit a lot from writing a blog. If you even do not make money from your blog, you can learn a lot while maintaining it. You can add it to your CV and writing also improves your thought process and communication skills which is a highly valuable skill.
Start an SEO Business
If you have any SEO skills, then you can start a small SEO business and offer your services for some amount of money. Many people think that SEO is dead because many of SEO consultants have a bad reputation as they do not know what they are doing and are clueless money grabbers.
However, it is not that dead and there is a high demand for ethical, white hat SEO experts that can really help businesses to improve their online visibility. It is important to score high on most search engines and it is a nice way to increase the number of organic traffic.
Online Stock Trading
Maybe you are interested in financial markets and every morning you read The Economist as well as The Financial Times. If this is the case, you could try to trade in the online stock market. There are possibilities to day trade as well as to buy stock and keep them for the long run.
Some online stock exchanges even have mobile trading applications so you can even trade stocks on the go.
Invest in Peer-to-Peer Loans
These days, there are way better ways to get loans than to take out a loan in a bank. The P2P lending model matches borrowers with lenders mostly at very competitive interest rates. There is a bit more risk involved for the lenders in P2P loans. However, there are certain companies that take care of the risk and you can be sure that your money will be paid back.
You can earn about 7% on your loaned amount of money. So you can put some money into loans to earn some cash and it will not lose its value due to the inflation.
Become a WordPress Developer
WordPress is the most popular content management system out there. So it is kind of obvious that there is a high-demand of WordPress developers. If you have some coding experience or you just a fast learner, you can complete the WordPress development course and start your own business.
You can offer your services through Upwork and Fiverr or you can contact individual businesses, blogs and suggest them your WordPress development services.
Social Media Manager
It is strange but still not every company out there use social media and if they use, they use it pretty badly. Perhaps you have some social media and marketing knowledge. If so, you can offer your managing services for them.
Try to pitch those companies with a short introduction on how they would benefit from social media and how much new customers they should expect to get.
Create and Sell a Course or Digital Goods
Maybe you are a photographer or a graphic designer then you can earn money by selling your digital pieces online. You can build your online store using Shopify or WordPress. If you are not a digital artist but have some area of expertise in other fields, you can create online courses and sell them to people.
You would be amazed at how much people are willing to pay to learn new things and develop their skills. If you can offer high-value courses for people, you can surely earn a fortune out from it. Also, you can create any software and sell it for people.