Today, there are dozens of potential ideas to start an online business from the comfort of your home. Let’s go over the most recommended ones, and don’t forget, the most important thing is to just do it!
If you have a passion for writing, but running a blog is not quite your cup of tea, there are other blogs or sites like Textbroker that are always looking for people to write for them. Another option may be to write an interesting e-book. E-books don’t have shipping or printing fees, which makes them a cost-effective option.
If you have strong language skills, you may be able to become a copy editor that webmasters will gladly use to read and edit their articles so that you can correct any grammatical errors that may have been overlooked.
Writing online is a great online business you can start pretty much everywhere.
Becoming an Affiliate Marketer
A relatively easy way to make money online is through affiliate marketing. Affiliates are basically people who receive commissions for selling another company’s products, be it through a channel like eBay, Amazon, or on their own website. The good part is that you won’t have to develop a product, but simply sell other companies’ products.
It is simple to sign up as an affiliate with many different companies. You’ll sell their products while using a special referral link, and you’ll typically get a commission for every product you sell. The commission depends on the products you sell and it typically increases in stages depending on how many products are sold through the clicks your link generates. The highest commission tier is typically 8%. If you promote products with that commission rate, it could add up to serious money every month.
Start with ShareASale.com >>> – one of the world’s leading affiliate marketers based in Chicago, IL USA. ShareASale services two customer sets in affiliate marketing: the affiliate, and the merchant. Affiliates use ShareASale to find products to promote and earn a commission for referrals on those products.
Start with the Fiverr affiliates program >>> the world’s biggest marketplace for freelancers with over 12 million users in almost 200 countries. Got a generous commission plan, with a CPA of up to $150. Plus, there’s no referral limit and you get lifetime attribution.
Start with ClickBank >>> a popular choice among affiliate marketers with digital products in over 20 categories that reach about 200 million people all over the world.
Don’t forget, to get out the most of the available affiliate products, you will have to launch your own affiliate website, we suggest you use DreamHost for this.
Starting a Blog
Starting a blog is a great business opportunity, especially if you can do so in a niche that you know well or are passionate about. Blogs can be monetized through online advertising such as Google AdSense, info products like eBooks, affiliate links with Amazon Associates, direct product advertising, and many other methods.
The best blogging platform today is WordPress which runs about a fifth of all the sites on the Internet – a reliable and widely adopted blogging platform used by many who want to create an online business.
This is the best option for those who want a great combination of power, smart settings, and usability. WordPress itself is free, you will need to pay just for the hosting (just a few bucks a month).
Creating an Ecommerce Store
With modern eCommerce solutions such as WooCommerce, Shopify, and Magento it has become quite easy to start your own online store with a very low investment.
Also, by using business management strategies such as drop shipping (with dropshipping-enabler plugins like AliDropship, you don’t have to worry about or spend time on things such as inventory management, warehousing, and deliveries.
Buying and Selling Domains
Many individuals are buying and selling domain names online to earn money, as it requires very little investment or time. Domains can be purchased at their registration price or cheaper and can then be resold for a profit.
To get a fair idea of popular domain names, be sure to first do research on websites such as Sedo.co.uk, Afternic.com, or other websites auctioning domain names. A good way to find really profitable names is to look at lists that contain expired names that have made their way back into the available pool and are available for purchase.
For example, expireddomains.net is a good site for this and you’ll be able to search for the desired keyword that needs to be in the domain names. As for a recommended domain registrar to use, personally, we love the services by Namecheap, Hover, and NameSilo.
Starting a ‘Fulfillment by Amazon’ (FBA) Business
You can list your products on the Amazon website and when any of them are sold, Amazon will actually do the hard work for you and prepare your product to be sent out and will deliver it to your customer. You are essentially leveraging Amazon’s customer base and extensive distribution network.
Amazon will warehouse your products, fulfill your orders, and provide customer service, so you don’t have to.
Amazon enables you to operate like major corporations do, without the problems of actually being one. You will, however, have to find and develop suitable products and then send these to Amazon to sell.
Freelancing via the Internet is a great way for professionals in various trades to help clients all over the world.
Several project-based and freelancing websites allow businesses that look for extra help to list their projects and tasks. Next, freelancers and small businesses that visit those sites submit bids, ideas, or proposals, allowing the buyers to choose easily what they require by the task scope.
Sites like Fiverr, Upwork, and Elance cover a huge range of industries, including creating graphic design, writing content, data entry, and programming.
Designing WordPress Themes
The demand for website templates and WordPress themes is continuously rising as more people and companies want to establish an online presence. If you are able to design websites and can do the HTML coding, you can make a good chunk of money by creating website themes.
Once you have created them, you can sell them on online marketplaces like TemplateMonster and ThemeForest to generate a steady passive income.
Becoming A Social Media Consultant
Business firms and large corporations can easily afford to hire a social media agency or full-time staff to run their Instagram, Facebook, and Twitter accounts, but smaller companies most often have to manage their own marketing on social media. They do however also have many other responsibilities, and business owners are often too busy or overwhelmed to spend much time maintaining their social media presence.
As a social media consultant, you will be able to steer them in the right direction regarding implementing schedules, ideal tactics, and posting content suitable for their target audiences. This also means that as their business grows, yours will too.
Starting a Podcast
Podcasting is an easy way to create content that audiences can consume easily. As it is cost-effective and portable, it can often engage with audiences better than for example written content can.
Once your podcasts become popular and your audience trusts you, you can monetize your podcast with special offers and sponsorships. It is however vital that you first earn the trust of your listeners, as they won’t buy the things you promote if they don’t trust what you’re saying.
A highly desired profession in the online world at the moment, this type of work could be really suitable for entrepreneurs that are tech-savvy, loves numbers, and are oriented toward highly automated service creation.
Although many companies are obsessed with optimizing the SEO of their site, not many people are actually able to understand it and do it properly. If going into this field appeals to you, you could offer things like on-page SEO optimization, content creation, link building, and similar SEO-oriented services.