ONLINE BUSINESS IDEAS YOU CAN START TODAY!!!
Starting a new business online requires much less risk than investing your dollars into a brick-and-mortar storefront or downtown office. Because your business is based online, you can reach more potential customers, work from virtually anywhere and make money online without large overheads. With some basic website and communication skills along with a little maintenance know-how, almost anyone can launch a business online and get it up and running in only days. Think you’re ready to become the next big entrepreneur online?
Here are a few great online business ideas to get you thinking in the right direction. While some of these ventures can bring in a nice passive income, some of these online money making ideas can actually create small fortunes.
1. Start a Listicle Blog
A really simple idea that would only take up to 1 hour of your time a week and about $20 in costs. Over time it could make you quite a bit of money.
Sites like Viralnova.com and Fukarf.com create compelling content by finding funny, emotional and inspirational stories on Reddit, Facebook and Imgur, rewriting the content, adding some more detail and publishing the content on their own site.
Just to give you an idea on how successful these types of sites are, ViralNova was set up buy one guy who hired a couple of writers to rewrite successful content that was published on other sites around the web. This site sold for $100 MILLION!!! Before that, ViralNova was making $400k+ per month in ad revenue.
With a bit of promotion on sites like Twitter, Facebook, Reddit, Stumbleupon and eventually organic traffic, within a couple of months you should be pulling in 30K to 50K unique vistits a month. Monetize the site with adsense to get some revenue in to cover costs of your hosting and domain name costs.
Ok, you’ll be making peanuts to start with( $10 to $50 a month), but as the traffic grows, this figure could grow to $1000 + a month. Then potentially you could flip the site for 30 times the monthly revenue. I know people who do this all the time and flip sites after 8 months for $10,000 + !
Check out my guide on How To Start A Blog, to see how you can get this business idea off the ground in less than an hour!
Or just go straight to BlueHost and get your blog live and making money!
BLUEHOST SALE UPDATE: 7th February 2018
You can get BlueHost’s basic hosting package for a crazy $2.95 per month ( 36 months )
If you want a plan that allows you to scale up your blog / website in the future then I would suggest you go for their Plus Package for just $5.45 per month. With this plan you get more unlimited features such as bandwidth and the ability to host unlimited websites on your account.
Remember, BlueHost Plus Package is normally priced at $10.99 per month!
2. Become An Online Affiliate
One of the easiest ways to make a few bucks online is affiliate marketing. An affiliate is essentially someone who receives a commission for selling products for other companies, whether it’s on their own site or through another channel like eBay. The best part is that you don’t have to develop any products yourself, just sell other people’s products.
For example, Amazon affiliates can potentially rake in obscene amounts of commission dollars if they work at it. Simply sign up as an affiliate to sell a company’s products using your special referral link, and you can get a commission for each product sold without lifting a finger. Commission ranges from product to product and also goes up in stages according to how many products sales your clicks generate. The top commission tier is 8%. That adds up to some serious amounts of cash each month if you’re promoting products with that high rate of commission ( Home & Garden is one such product area with high commissions).
Also, affiliate networks like Shareasale or ClickBank offer a vast array of products to promote as well. Some of the highly contested niches such as health and gambling can make people millionaires. Being an online affiliate can be a great way to create a passive income for you and your family.
For Those Who Don’t Know Where To Start With Affiliate Marketing.
If all this sounds confusing, then I’d recommend you take advantage of some training on how to set up a money making online affiliate business.
This affordable course from Michelle Schroeder-Gardner will show you how you can get up and running extremely quickly and with no affiliate marketing experience.
Michelle currently makes around $120,000 per month from affiliate marketing alone and has been featured in Forbes and various other publications, so she knows exactly what she is talking about.
3. Sell Your Own Brand
If you have a knack for creating unique images, there’s no need to fuss over your own inventory. If your creations can be easily printed onto a product, then you can make money. Upload your designs on a variety of websites like CafePress. If someone likes them, the company prints them up and ships the product. You could create unique designs for calendars, books, T-shirts, bags, hats, greeting cards, or posters and get a commission for each one sold. Some of these sites include Zazzle, Teespring and Lulu.
4. Buying and Selling Domains
Many people buy and sell domain names to earn money online since it takes very little time or investment. You can purchase a domain at its registration price or even much cheaper and then resell it for a profit. But, it always pays to do your homework first on websites like Afternic.com, Sedo.co.uk, or other domain auction websites in order to get a good idea of what’s popular in terms of domain names. An ideal way to find really good names is to check out terminated lists that offer many expired names and have made their way back into the pool for people to buy. A good site for this is expireddomains.net where you can put in your desired keyword that you want in your domain name and a long list of domain options will appear.
5. Build Apps
Because smartphones are everywhere, the demand for new and creative apps is increasing in popularity more than ever before. Between Google’s Android and Apple’s iPhone market, people are using countless apps everyday. And, most of them are selling right and left. Taking the time to develop and sell a smartphone app may be worth your while since it’s a very lucrative way to earn money online. The apps cost almost nothing to actually develop and don’t involve any shipping or storage costs, which works to expand your overall profit margin. Well performing apps can make thousands in ad revenue each month for their creators, making them another great passive income strategy.
6. Create an Ecommerce Store
With solutions such as Shopify and Woocommerce it has never been easier to start your own online store for such a low investment and thanks to methods such as dropshipping you don’t even need to worry about things such as delivery or warehousing. Read my guide to starting an eCommerce website and reviews of eCommerce site builders.
7. Social Media Consultant
Large corporations and business firms can easily hire a full-time staff coordinator or corresponding agency to run their Twitter, Facebook, and Instagram accounts, but smaller businesses frequently have to manage their own marketing for social media. But, because they have a great number of other responsibilities, many times business owners are too overwhelmed or busy to spend a lot of time on developing their social media approach.
As a consultant for social media, you can effectively steer them in the right direction concerning ideal tactics, implementing schedules, and posting content regarding their target audience. Therefore, as their business grows, so will yours. Check out our new Instagram Tools guide to see how you can increase your clients audience.
To help manage the various social accounts that you own or manage for clients, we recommend you use Sendible. Why not give their platform a try with this free 30 day trial.
8. Professional Freelancer
Freelancing via the Internet is a great way for experts in their individual trades to help a variety of clients overall. Several freelancing and project-based websites let businesses that need extra help to list their projects. Small businesses and freelancers offer proposals, ideas, or bids, whereby the buyers can easily choose what they want and need. Sites like Elance or Upwork cover just about everything including writing content, creating graphic design, programming, and data entry.
9. Expert Blogger
If you’re passionate about writing and feel strongly about certain subjects, type your way to riches by creating your own blog. Launching your own blog doesn’t require a great deal of technical or computer skills. It is important, however, that you do know what you’re talking about relative to the subject you’re writing on. Over time, you’ll start to develop an audience since people will trust your expertise and knowledge.
By building an extensive following, this will allow you to gain profit by attracting key advertisers or get commissions by promoting other brand products (think affiliate). Blogging is big business; just ask Heather from Dooce.com. She’s a mom that blogs daily about her children and pets and has successfully turned her daily adventures into a very lucrative business by simply making money blogging. One of my favourite ways to make money from a blog is by creating your own online course.
10. Work with Advertisers
If you’re a website or blog owner, you can sell a portion of your page space to advertisers and earn money passively each time the ads are clicked on by your target audience or visitors to your website. While the actual placing of the ads is completely free, the earning capacity of cost-per-click (CPC) advertising is based on the level of traffic to your site and the cost per click and click-through rate, or CTR.
The most popular way to earn money today through advertising clicks is through Google AdSense or similar advertisers. Other ways of effective online advertising include RSS feeds and direct banners.
