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You may have set New Year's Resolutions for your business, and if you haven't, it is not too late to do so.
Today we are going to show you Online Business Ideas you can start as soon as tomorrow, and start making money online.
With eCommerce sales at an all-time high, now might be the perfect time to turn easy online business ideas into a reality.
To help you begin the process of starting your own online business and gaining the flexibility and freedom that comes with it, we’ve compiled this list of 7 online business ideas. None of these online business ideas require a physical storefront and for some ideas, so you don’t even have to offer a physical product, just a service.
Now we are aware that there are so many lists online, so this one would be quite different because this article would include examples of such ideas and how they are doing.
That way, you get a business or two to ‘look up to' once you make the choice.
Before you proceed into this article, you might also want to read 5 Hot Business Secrets from Elon Musk.
The 7 Premium Online Business Ideas
With the immense growth of the internet and technology in general, there’s an online business idea out there for everyone, irrespective of their experience or prior work history. Starting an online business can be one of the quickest, easiest, and most affordable ways to start a business overall—especially when all you need is a laptop (or smartphone in most cases) and internet connection.
1. Freelance Designing
Do you have an eye for aesthetics? Did you go to art school, or have you always spent your free time analyzing designs? Can you use graphic design tools like Canva, Photoshop, and the likes?
If so, and if you’re interested in finding the gig on this list of online small business ideas that are right for you, then freelance designing might be a good choice. On this path, you can take on clients at your own speed, build up a good reputation online and by word of mouth, and work on projects that you find interesting—freelancing has plenty of perks.
2. Start a Blog
While a blog isn’t exactly a business, it can definitely support any of these online business ideas you’re choosing from.
Are you very knowledgeable about a certain subject? You might want to start a blog.
The more people trust your authority, the more they’ll read—and the wider your audience, the easier it is to grow your business by blogging. Even if you’re still deciding which of these online business ideas to pursue, starting a blog is never a bad idea, as you’ll be establishing an online presence to build from.
Once you are ready, go straight to Namecheap, get your blog live and start making money.
The key to starting a successful blog is to focus on building an engaged, loyal audience. When you start with an audience-centric approach, you’ll cultivate a community that trusts you. And when you can earn trust, you can start to drive revenue.
Keep in mind that you don’t just start a blog and expect the money to roll in. You need to create content consistently, and it also needs to be content that educates, informs, or entertains people. In other words, it needs to capture their interest in some way.
What’s more, you need to sell something through the blog. This can be ad space, products, digital products, sponsored posts, coaching, ebooks, etc.
But if you’re willing to put in the work and you’re in it for the long haul, blogging can be extremely profitable (some bloggers make $50k per month or more).
3. Freelance Coding/ Web Design
If you’re a programmer, the perks of working at a startup or tech giant are pretty sizable, but if you’re more invested in flexibility, diversity of projects, taking on work at your own pace, and the freedom of being your own boss, then freelance is one of the greatest online business ideas from home around.
If you’re tech savvy, you should consider acquiring some coding skills and start building. Whether it’s mobile apps, Shopify apps, or websites, you can create digital products for purchase or as a service provider.
Who is a web developer? A web developer is someone who knows how to build a website from the bottom up. In order to do this, you need to learn coding, which will take time and hard work. But if you’re willing to put in the effort, it can pay quite well.
Whether you’re into web design – an especially popular freelance coding category—or another kind of software development, it shouldn’t be too much of a challenge to find clients you’re interested in helping out.
Plus, you can act as a software consultant as well, offering your critical eye and expertise without necessarily getting your hands dirty.
4. Own an eCommerce Store
With easy-to-use solutions such as Shopify and Woocommerce, it has never been this easier to start your own online store for such a low investment. Thanks to methods such as dropshipping, you don’t even need to worry about things such as delivery or warehousing.
Shopify is a little more expensive to set up when compared to Woocommerce (Shopify costs about $29 per month to run, as opposed to Woocommerce being free, as long as you have your domain name and web hosting), which I recommend for those who are just starting out.
Whether you’re a painter, photographer, or musician, there are plenty of ways to start an online store and turn your latest masterpiece into a source of revenue with a beautifully designed eCommerce website.
If painting or designs is your forte, you can sell your work as prints, canvases, and framed posters using Printify or Printful. This is a fantastic way to turn your art into something tangible that people can take home and integrate into their space. Is music your thing? You can sell your beats, songs, samples, and more as digital downloads online.
Summary: If you’re handy or creative, you could craft your products and sell them on sites like Etsy, Amazon, or eBay, straight out of your home. The biggest challenge would be getting discovered, depending on your niche and how viral your products are. But thankfully, there’s tons of advice available to help you out, from pricing your work properly to taking the best photography possible and avoiding popular eCommerce mistakes.
5. Start a Youtube Channel
People are changing the way they find content online. It is not just text rich articles that people read from finding them on a Google search. Internet users are now getting more engaged with rich media such as videos. Because they are more engaged, Vloggers are able to leverage this to their financial gain. Vloggers can make millions of dollars a year from their audiences.
Videos are becoming insanely more popular, especially for users under 25s. There’s just so many effective video content platforms on offer such as Instagram and Snapchat Stories, Facebook Live video and Youtube. With these outlets you have the chance to push your content out to hundreds of millions of people worldwide.
If you’ve always fancied yourself as an internet celebrity and like the idea of being in front of the camera, then this is the time for action.
There is so much money to be made from starting a vlog or a Youtube channel. You can potentially earn thousands of dollars a month reviewing and promoting products for companies and brands. The more traffic you build to your YouTube channel, the more ad revenue you’ll receive from YouTube and potentially, offers from third party brands.
If you’re passionate about a topic, there’s likely a niche and readers looking for the content you have to share. One way to promote your new brand, service, or message is by creating a YouTube channel. If you feel comfortable on camera, have a spot where you can film, and love the idea of reaching millions on the internet, YouTube might be the right platform for you.
It can take some time for your channel to grow and you’ll likely need to network on social media and blogging platforms in the beginning, but with dedication, you can make a comfortable living this way.
6. Freelance Copywriting
If you're a natural wordsmith with a touch of marketing knowledge, you can establish yourself as a freelance copywriter. Whether you write blogs, web content or press releases, many companies will pay for your services. You can even increase your value by bringing SEO knowledge to the table to help your clients craft a strategy to attack specific keywords that their target audience is already using in their online searches.
Mostfreelance copywriters charge $40 to $50 per hour (if you are based in Nigeria, you'll earn lower than that for a start), but those with expertise in a given vertical could charge even more.
Freelance copywriting is a great business to run, because as long as you have an internet connection, you can work. It's a business that you can operate from the comfort of your own home, or even from a train seat.
7. Digital Marketing
Everybody needs a Digital Marketer. Your church needs one, your business needs one, your school probably employs one, and the list goes on and on.
The importance of the internet grows with every passing day, making it harder all the time for businesses to cut through the clutter and properly market themselves.
Digital marketers are always in demand, and many small and midsize companies would rather outsource it than establish a costly in-house team. If you've skilled in SEO, content marketing, pay-per-click, web development or social media management, you could have a business opportunity that allows you the freedom to work from home.
Digital Marketing is an important part of a brand, so it's critical for you to respond to developments in your clients' marketing strategies.
If you enjoy strategizing and implementing plans meticulously, digital marketing could be the right business for you.
Conclusion: Online Business Ideas
If you made it so far, then I can assume that you must have made up your mind to get started with any one of these online business ideas.
If you already have a business, you should know the Tools that can help your business.
I can assure you that if you take any of these online business ideas and start working on them, then you would get started in no time.
In case you have any queries or any other online business idea that you consider worth mentioning, then do tell in the comments below. If you want to get more online business ideas, then feel free to join our mailing list.