Most people believe that starting a successful online business can only be done by people with money, a great deal of luck and a set of polished special skills. However, that is not the case. Not anymore at least. The fact of the matter is that there is a large array of businesses just waiting to be started. Also, these businesses do not require ungodly amounts of money or fancy degrees. Yes, these companies may not be the next Google, Facebook or GM, but they can potentially become a great enterprise that generates a good profit.
Also, starting an online business is far less risky than investing all your savings and loans into a storefront. Given that your business is based online, you are able to reach far more individuals from all corners of the globe and work from anywhere in the world. Nowadays, if you have some very basic communication and website skills, along with a small degree of maintenance know-how, it’s pretty safe to say that you’ll be able to launch your online business in just a couple of days for a fraction of the cost. Do you think you’re prepared to become a great entrepreneur online?
Here are 7 great online business ideas you should take into consideration if you’re planning on launching an online business.
1. More and more people turn to freelancing instead of holding down a 9-to-5 job because it’s not only more convenient, but also more profitable. Some individuals do not perceive freelancing as a business, but given the fact that more and more enterprises turn to part-time contract workers, it’s pretty safe to say that making a living by providing several companies with your freelance services is doable to say the least. Depending on your skills, you could potentially work for more than one company in a huge variety of fields. This offers not only a refreshing change of pace but also the all-desired flexibility. Go ahead and check Freelancer.com, Elance and Fiverr to see the most popular fields for contract work.
2. Have you ever considered becoming a specialized retailer? By creating an online store you will be able to reach customers worldwide. Moreover, this means that it is affordable to specialize. Whether you plan on selling organic cat food or state of the art tech devices, remember that there’s a specific audience for everything. In order to create an operational online business in a couple of hours or days, try using a web hosting service that has an integrated shopping cart or e-commerce software like Magento or Shopify. And given the fact that quite a lot of vendors ship products to customers on your behalf, you won’t be required to own a lot of inventory.
3. If you were born during the boom of the internet, you probably know your way around social media. So why not become a social media consultant? While large businesses tend to hire full-time employees to manage their social media accounts, quite a lot of small businesses have to do this on their own, so they tend to outsource their social media marketing. With everything they have on their mind, small business owners can’t seem to find the time to develop, let alone implement a viable social media strategy. Social media consultants help pinpoint the best tactics, create posting schedules and content for the company’s target audience. And the moment the company’s following increases, so will your online consulting business.
4. In my opinion, the trend nowadays as far as online businesses are concerned is to become an eBook author. Individuals with tons of knowledge in a particular field that aim to share it with the public use this practice quite a lot. And because e-readers have become a staple in most houses, self-publication is nowadays a dream come true for many writers that were unlucky to not get picked up by publishing companies. By having the right marketing tools, you will be able to successfully publish your cooking, SEO, IT, real estate or even weight loss books and sell them online.
5. Is handcrafting a passion of yours? If so, have you ever considered monetizing handmade jewelry or other items? Websites such as Etsy or ArtFire are online platforms that help crafters who produce a steady supply of high-quality handmade items promote themselves and sell their products. Also, the startup costs are remarkably low if you buy materials in bulk from craft suppliers, and if you’re able to turn orders around at a fast pace, you’ll be seeing a significant ROI in no time.
Related: 7 Steps to Start an Etsy Shop
6. Start teaching online courses. You might not know this, but you are not required to have a degree in education to be able to teach people how to do a certain thing at which you are an expert. For example, you could offer classed about an area you’re passionate about, like translation, baking, fitness or even yoga. For this type of online business you’ll have to create both instructional packets and videos for people to download from your website. If that’s too much of a hassle, you could always schedule real-time lessons on Skype or create a course on a platform such as Udemy.
7. Don’t you just hate it when you see a basic-looking website? If so, then web design is the answer. If you have a basic understanding of computer and some HTML skills to go along with it, you could potentially start a service which implies creating eye-candy, easy-to-use websites for small companies. This way you are able to bring forward your skills for small business owners who want to upgrade their online presence. Remember to create a portfolio of all the work you’ve done, so that you can present it to your potential clients. Also, you can create your own website, which you can also present to your clients during a meeting.
What other online business ideas have you found to work in the past for you or for someone you know? Let us know in the comments section below.