If you are the type of entrepreneur that prefers to work from the comfort of your home or anywhere in the world you find yourself, then you might fancy looking into many profitable online business ideas that are available on the internet. Finding a top profitable online business for first time entrepreneurs only needs the right amount of research. Although there are lots of them out there, below is a list of the Top 10 most profitable online businesses for first time entrepreneurs.
1. Affiliate Marketing
If you are an entrepreneur with superb marketing ability, then you may want to consider starting up an online business as an affiliate marketer. Affiliate Marketing simply involves you selling the product and services of a company for an agreed commission for every sale made through you. It’s possible for you to earn more than 2% of the total purchase price of the product you are selling and over 75% for digital products such as computer software’s, eBooks, etc. Though it may take little time for you to learn the tricks of this business, Affiliate marketing definitely deserves the No. 1 spot on our Top 10 most profitable online businesses for first time entrepreneurs.
2. Search Engine Optimization /Article Writing
Search Engine optimization (SEO) and Content writing has developed into a billion dollar business. Understanding the importance of creating quality contents for their websites so as to boost sales, many companies and business owners are continually in need of SEO experts and seasoned article writers to churn out quality contents for them. So if you are skilled in writing or search engine optimization, you may want to consider venturing into this profitable business as an entrepreneur.
3. Blog Flipping
As a first time entrepreneur, starting a blog flipping business is another excellent way of making profit online. Although blog flipping requires a lot of dedication and skill to make it successful, once you have the basic knowledge of online marketing, web design, content writing and SEO, you can make blog flipping a profitable online business idea as long as you put in the necessary effort to make it work. Blog Flipping involves buying an already existing blog that has great potential but is poorly monetized by the owner. The blog can then be sold to an interested buyer for up to 10 times its former price or the current monthly revenue after the necessary work over has been done to improve blog’s design, traffic and income. The Blog filling business definitely belongs on our list of Top 10 most profitable online business for first time entrepreneurs.
4. Copy writing/ Proof reading
Content marketing has become the major focal point of internet marketing in this digital age. Lots of websites and companies are constantly hiring content writers to help market their products and services. Due to the continuous need for websites to stay in tune with current marketing trends, copy writing falls into the list of Top 10 most profitable online business for first time Entrepreneurs. So, if have good writing skills and excellent command of grammar, becoming a copy writer is another good way of making profits on the internet. Go ahead and check Freelancer.com, Elance and Fiverr to see the most popular fields for contract work.
Creating a blog also falls into the list of Top 10 profitable online businesses for entrepreneurs. It’s one of the easiest online businesses you can run from home as an entrepreneur. Blogging not only allows you to exchange ideas with other entrepreneurs like yourself, it also helps you to generate multiple revenue streams through online sales and adverts. The beauty in blogging is that there are numerous free blogging services on the internet you can start with, so you do not have to worry about a having a huge starting capital.
Related: Starting a business with no capital
6. e-Mentoring and Teaching online courses
Providing seminars and educational courses in your area of specialization through e-Mentoring and Teaching online courses is also on our list of Top 10 most profitable online businesses for first time Entrepreneurs. You can offer professional advice and mentorship in your niche that can help improve others and also provide you with multiple streams of income as an entrepreneur. You can do this by organizing Webinars, Real-time lectures on Skype for clients or produce instructional videos and packets for download from your website. For starters you can check education platforms such as Coursera or Udemy to see how you can become an instructor and publish your courses.
7. Web Design
With the internet as the largest market place in the world, web designing deserves a place in our list of the Top 10 most profitable online businesses for first time entrepreneurs. If you have a good eye for creating wonderful designs and knowledge of at least HTML, you can tap into this fast growing business by starting up a service as an entrepreneur to provide eye-catching, easy-to-use websites for the both new and old small business owners.
8. Writing Reviews
With the current drive by big corporations and small business owners to further increase their customer base through reviews, many businesses now make use of unbiased customer reviews to promote their products and services. Writing reviews for products has become one of the Top 10 most profitable online businesses for first time entrepreneurs in recent times. If you have made use of a particular product or have a friend or family who has; it is now possible to get paid for writing a critique review of the product. This is another excellent way of making money from the comfort of your home. You can learn more about this profitable business idea through proper research.
9. Online Surveys
Many businesses are always concerned with acquiring more information and data on its customers in order to forecast upcoming customer trends. Taking online surveys helps provide companies with important data necessary to make these predictions. Web Survey is another excellent profitable online business for first time entrepreneurs looking to work from home or anywhere.
10. Selling Photos and Graphics
The business of selling photos and graphics completes our list of Top 10 most profitable online businesses for first time entrepreneurs. The continuous increase in the number of people creating their own websites, writing e-books, starting blogs, building websites for small online businesses has made this online business a very profitable venture. The need for quality photos and graphics to compliment the beauty of blogs, eBooks and websites has lead to the increased sale of online photos and artwork. Sites such as Photobucket and Shutterstock act as the intermediary salesman connecting various graphic designers and the buying public.