Looking back 15 years ago, no one ever imagined that the internet would ever become a thing of necessity as it is today. So many things have been achieved with the aid of the internet.
If you are coming from a trade background, you would discover that so much has changed via the internet, because we now have E-commerce (Electronic Commerce).
The same goes for communication, back then before the dawn of the internet, sending information from one part of the world to the other part required so many processes and even took time to be able to effectively communicate, but now, with the internet, we have instant messaging and Emails, that can allow you send messages to anyone with the speed of light.
The world is becoming a more global village and so much has followed after, including the way businesses are transacted.
With the internet, we now have new-born businesses and platform that allows people to make money, and some of this I am going to be sharing in this article.
Internet Stats That You Should Know.
Are you considering joining the loop as an internet business owner? here are in-depth statistics and guide to help you get started with owning an online business.
1. Do you know that there are currently over 5 billion active internet users all over the world?
2. Just to break it to you once again, over 57 per cent of the entire world’s population has access to the internet.
3. Talking about the highest consumer of the Internet, China is the country with the highest number of internet users with over 900 million users, this has made them a very powerful force even than the US.
4. Do you also know that most Internet users spend an average of 6 hours and 30 minutes online every day, this stats has made the internet a second world as opposed to real life.
5. To make it all up, do you know that as of 2020, there are over 2 billion websites on the world wide web.
Why You Should Start An Online Business.
Are you feeling inadequate or not chance, or even thinking of how much money you can make from an online business? the above-stated stats is a great place to start from. Here are a few reasons why you should consider starting an online business.
1. Starting An Online Business Is Very cheap.
As I stated earlier many small online businesses have started building their empire with nothing more than a computer, a domain name and a web hosting service to house their website on and get their information out to the millions of people online.
All you need to get started with an online business most times is a domain and hosting plan which usually cost less than a $100, and over time you can generate enough income to begin building a lifestyle that allows you to focus on the things you love.
Once you’ve built a blog, business website or online store and you’ve spent some time gaining traffic and building an audience you can create products and/or services to sell to your targeted audience.
Digital information products, software and services are extremely popular among many small online businesses and bloggers because you can create them for little to no cost and they are available for download 24/7.
One of the best parts of owning an online business is the fact that you don’t have to ship any products and you have virtually an unlimited supply since everything is digital, all your basic need is to provide a download button and that is all.
One more important thing to consider is the fact that you can start an online business all alone, even though you don’t have to money to pay an employee.
If you all you seek is to create a form of passive income, then the internet is a great place to start with.
2. You have all the time in the world.
One fabulous thing about owning an online business is that you have all the time to yourself, you simply choose when to work and when not to work.
Depending on the type of online business you choose to set up you can end up having much more flexibility in creating a work schedule that works for you.
You can choose what time of the day you want to work, how many hours you want to work and what days of the week you want to work as long as you set your business up efficiently.
This doesn’t mean that you can simply relax all of the time, but you have more choices in choosing when to focus on being productive whether it’s Monday – Friday or just the weekends, and whether it’s early in the morning, late at night or in the middle of the day.
I know of a blogger called Adam Enfroy, he simply started his blog about a year ago and he is already enrolled in flight school.
3. You Can Choose Any Location Of Your Choice.
In an online business, you aren’t tied down to a desk or a single location. As long as you have an internet connection and a laptop you can run your business from anywhere in the world. You have the freedom to travel and choose where you want to work on any given day and that’s extremely liberating.
Whether you want to visit your family in another state or take a trip somewhere exotic your business will always be with you.
For most online businesses, especially blogs there’s little to no commute time necessary, which saves you a lot of wasted time, energy and fuel.
The additional time that you gain from not having to commute and the freedom you get from working where you choose means you can be much more productive and have more freedom to set up a schedule that is much more efficient and flexible.
4. Higher Profit Margin.
In an online business, your income isn’t simply determined by the number of hours you work but by the level of productivity, you can produce during the hours you work and the systems you have in place to generate a passive income.
By spending your time on the right activities such as developing your website, marketing/Search Engine optimization and income-producing activities you can significantly reduce the number of hours you have to work to bring in a sustainable income.
You don’t have to be present for a transaction to occur; you just have to be consistent with your efforts and focus on the right things to grow and sustain your business.
Over time you will be able to grow an asset that works for you and generates passive income in return allowing you to have more financial flexibility and providing a way to supplement some, or even all of your income as you continue to grow.
I will be the first to say that making money online for most individuals doesn’t happen immediately and for those who have never done it before there can be a huge learning curve.
Using a blog as an example, It takes time and effort to build a sustainable blog, business and/or brand, however, it is achievable and the low barrier to entry means that most people can start immediately and begin their journey into creating a money-making business that they can be proud of.
It’s a learning process that can pay large dividends if you keep at it, keep educating yourself and continue applying your skills over time.
5. Online Business Runs all the time.
As long there is internet access all over the world, then your business can never shut down. Unlike most traditional brick and mortar stores, an online business can be run 24 hours a day 7 days a week, even when you’re not in front of the computer.
And because websites are always online it allows others to always be able to find what they are looking for quickly and easily. This provides business owners with much more flexibility in regards to both when and how they work by allowing the information, products and services to always reach those in need.
As long as an individual has a computer, tablet and/or smartphone they can visit your online business or blog and get the information they need when they need it.
Examples of this include blogs (such as this), niche websites, news sites and eCommerce retailers that can provide valuable information, products and/or services to readers, consumers and buyers who are interested in what they have to offer.
Nowadays many businesses earn an income by offering value to their audience, which is willing to take the time to read or watch what they have to say and/or buy the businesses products, services and/or solutions to help them solve their problem.
Whether the problem is wanting to be more entertained, informed/educated, healthy or free a good online business will offer enough value to satisfy the needs of its audience and educate them so that they can make the best-informed decisions possible.
How To Start An Online Business And Not Fail.
Starting an online business might seem easy, but I must tell you that it is far deeper than it seems. So many people have reportedly failed at various online business and in this section, I am going to be spelling out those things that you ought to put in check before deciding on what kind of online business to start.
Are you an aspiring entrepreneur? Do you want to learn how to start an online business from home? Do you want to build a multi-million dollar internet business starting with no money? Then here’s a checklist for starting an internet business with no money.
1. Get The Right Mindset
The first step to starting an online business is to get the right mindset and this begins with you determining why you want to start an internet business? This is a question you must answer before even drawing up a plan for your proposed online business.
There are three things when it comes to starting and succeeding at any online business and they are.
Like every other business, you must pass through the same tasking process; regardless of the nature of the business you are building, or the industry you are operating in. Building a successful internet business takes a lot of hard work, so you must be prepared for it.
Making money online is not a matter of overnight success, you need to become dedicated to it and determine to succeed.
2. Increase Your Knowledge Base.
When starting an online business one manpower that is needed is the proper use of the brain.
My first internet business failed, simply because I lacked the technical know-how to get things done and resolve arising problems.
I could remember blogging for almost two years with nothing to show for it. I also lost some money on some other online investment opportunities I ventured into as a result of ignorance, I can see so many people in that boat today.
You must gather adequate information about your proposed business idea and the industry you will be operating in, also make sure that you seek out other resources in the same niche as you and learn from them.
One thing about starting an online business is that you don’t how things would work till you get started. Make sure to make proper findings as to how things should be done, learn, analyze and optimize. The internet is a copy machine, the blueprints are always there for you to succeed.
Let’s say you decide to start a blog as an online business, you need to know how a blog works and learn from other successful bloggers in your niche also, the same goes for every other online business. When starting an online business, money does not matter so much, what matters is what you understand about the subject matter.
3. Choose Your Business Niche.
The internet is all about information from various sources and you should keep in mind that most people are only going to take advice from a credible and genuine source of information.
Content is another factor that makes up the internet, so you should take note of the kind of content that you should be posting as an aspiring online business owner.
It is important to pick a niche that you are genuinely interested in because the natural passion you have for the niche sustains the content creation process and will make the whole process of running an internet business satisfying and interesting.
4. Choose Your Online Business Model
These steps decide on how you intend to run your online business into profit. There are so many online business models out there, but not all of them are making money, not because they are not great ideas, but simply because they did not choose their online business model properly.
I give an example of one of the first music streaming websites called Soundcloud. Long before the music industry transitioned into streaming, Soundcloud has the upper hand to dominate all others but the mistake that was made was the online business model that was chosen to run the business.
While Soundcloud has one of the very best engineering and user interfaces when it comes to cloud music, it is nowhere to be found near newcomer music platforms like Boomplay, Audiomack and many more.
So you want to start an online business? And you have also found a niche? Now, what is going to be your business model? How are you going to serve this niche while still profiting from it? This is where the task of determining your internet business model comes in.
When it comes to starting an internet business; you have to choose an internet business model.
There are different types of internet business models you can use as a benchmark to set up yours.
1. The Subscription model.
This is a model where your customers pay you daily, weekly, monthly or yearly to use your product or services. Example of such a model is Spotify, Shopify, etc.
2. Rendition Of Services.
This is a model where your customers pay you for the services rendered. Example of such services may include Website designing, SEO services, etc.
3. The Product model.
This is a model where your customers pay you a one-time fee for your products. Example of companies using this model includes Alibaba Amazon, etc.
4. The Affiliate Marketing model.
This is a model where you make profits by marketing other people’s products. The affiliate business model may also involve the recruitment of affiliates to sell either your products or other people’s product while you earn a commission. Examples of companies running this model include Amazon.com, Clickbank.com, CJ.com, etc.
5. The Advertising Business Model.
This business model requires you to provide something of value to a massive amount of people for free. While you make money from the backend either by selling advertising space or other people’s product. Examples of companies using this model include Google, Facebook, Instagram and Twitter.
5. Write A Simple Business Plan For Your Online Business.
A popular saying goes thus, that failure to plan is planning to fail. If you are interested in building an online business that will pull outside investors and expand seamlessly, then you must write a business plan for your proposed online business.
The business plan must describe in detail how you intend to grow or expand the internet business, your exit strategy, your competitive strategy, the capability of your team, your business idea and model, financial projections, etc.
Make sure that all these notable points are put in planning, to help you focus and work hard the more.
6. Define Your Marketing Strategy.
How do you intend to attract traffic customers to your online business? How much are you willing to spend on advertising? And what marketing tactics will you apply to grow your customer base?.
When it comes to marketing a business online, there is various strategy to be applied, and these include; Social Media, Content Marketing and so many more.
Marketing is the life of every business, and without it, every business will be futility, so therefore you as an aspiring online business owner must plan tremendously on how to take your online business to the world.
I wrote a comprehensive guide to help you get started on choosing the best online marketing strategy for your business. Click the link below to get started.
7. Register A Domain Name
A domain is an internet address for your business, one way to assert that any business is online is a domain name. When you want to visit Facebook for instance, what do you do? visit the browser, click the URL space and type the domain name of Facebook which is www.Facebook.com. This leads you to all the resources that Facebook has to offer.
Also accompanying the purchase of every domain name is the need for a web host, see a web host as cloud storage for all your business resources. A web host needs a domain name for its resources to be easily accessible all over the world.
A domain name ensures that your business is accessible all over the world. I wrote a comprehensive guide to help you get started with choosing a domain name. Click the link below to get started.
- How To Choose A Domain Name For Your Website or Blog
- 10+ Best Web Hosting For WordPress You should Know
8. Find An Internet Business Mentor.
If you aim to build a million-dollar business online; then look for a business coach or entrepreneur that own a million-dollar company or has built and sold a billion-dollar internet company. Only then will you gain tremendously from his/her experience.
When starting this blog the first year, all I had was fractional knowledge of how a blog should be run, I felt I needed more so I sought out another expert in the field, who has to build a money-making online business and learnt from their successes and mistakes. Putting all these together, I became better at what I did.
Money-Making Online Business That You Should Know.
Making money online does not require a great deal, all you just need is to get started from somewhere, there are so many ways to make money online, you can’t cover for once, so you have to take it one after the other. Here are some of the very few money-making online businesses that I recommend you try out.
1. Start A Blog.
One of the biggest online business ideas to begin is blogging. You can begin with your current funds from nothing dollars to as high as $1000 depending on how versatile you are with your blogging topic, and how quickly you can learn how to monetize your blog traffic.
Blogging will last for a much longer time, as long as people continue to explore knowledge via the internet.
And with more people anticipated to get access to the internet, one can only foretell a radiant future for bloggers on the internet.
Unlike other businesses which will demand you to invest thousands of dollars, Blogging is one of the cheapest business models that can be invested in. You can begin a self-hosted WordPress blog by just purchasing Domain Name and Web Hosting which will cost you as low as $3/Mo.
As a blogger, You don’t have to get yourself stained with the coding, popular CMS like WordPress is designed to house your core websites infrastructure without having to interfere with the source code whatsoever, all you need do is write
Even a person with essential internet skills can start a blog on his/her own without the help of any third-party
In fact, beginning a blog is as simple as online shopping. All you need to do is purchase a hosting and a domain name and you are done.
The host will install the WordPress software on your hosting server and you can begin your blogging journey.
Running a blog is one of the oldest and lucrative online because is through the aid of blogs, information is shared all over the world.
The advent of Blogs led to the inventions of search engines like Yahoo!!, Bing and Google, all these platforms are designed to allow the accurate sorting and sharing of information.
Blogging is a big potential source of income. All you need do is start, by creating a blog, and consistently adding strategic content that attracts an audience to your blog, and eventually selling something there.
There is a lot to be said about blogging, that is why I recommend you read this article to help you get started.
2. Start A YouTube Channel.
YouTube is the third-most-visited site next to Facebook and Google search. Videos have that potential to reach a larger audience than any other platform online. All you need to to get started on YouTube is to Choose a particular niche like Tech, or gadgets review, like that.
Research for some potential keywords in your YouTube niche. The keywords should have good traffic. Just Google the keyword, and make sure that the top 10 results won’t contain a single video result.
By this, you can determine the best keyword to create a video upon. Here keyword research is crucial when trying to gain traffic on YouTube.
Also bear in mind to treat your YouTube channel like a blog. Update your channel regularly with fresh videos. Include your keywords in the video description, tags, and even subtitles. All these are called YouTube SEO.
The next thing is to Submit your YouTube channel for Google AdSense. After approval, ads begin showing up on your videos. Once your videos get good organic traffic or go viral it is more or less a passive income stream for you for as long as you can
Too much dependent on Google Adsense can make your income limited, you should try out other income schemes like affiliate marketing, sell merchandise and many others.
You can make tons of money by just uploading videos on YouTube, all you need to get started is a camera and computer. You simply make money on YouTube when someones from any part of the world watch or streams your video. Imagine having a huge audience, now you know that is real money.
I wrote an article on how you can get started with making money on YouTube.
3. Become An Online Freelancer.
A freelancer is someone who offers their services for a fee and usually with no expectation of a permanent single client, although the working relationship can be ongoing.
It’s a form of self-employment, similar to operating a home business versus telecommuting. With that said, a freelancer can work as a contractor, as opposed to a home business.
The internet has made the process of working decentralized, you can be anywhere in the world and get a job in another part of the world once you have an agreement and a memorandum of understanding, there are platforms that fulfils this purpose and one very popular one is called Fiverr.
4. Become A Social Media Influencer.
A Social Media Influencer is a user on social media who has established credibility in a specific industry.
A social media influencer has access to a large audience and can persuade others by virtue of their authenticity and reach.
As a social media influencer, you have tons of followers and a very huge audience waiting to engage you with every single post.
You can turn that huge attraction into big money, here is an article I recommend you read in order to get started as a social media influencer.
5. Become A Video Editor.
Video editing is one of the hot industry skills right now, everything seems to be going virtual now, right from advertising, to filming and so many others, all these relies on the implementation of video editing skills. Getting started with video editing is very easy, all you need is a personal computer and video editing software.
If you are addicted to and good at editing, there is a lot of cash to be made in video editing.
so many events and businesses want videos produced, most times, they want it as an ad.
The initial thing to do is to find your niche. Do you want to edit corporate videos, produce wedding videos or create advertising campaigns?
Next, you need to develop a relevant portfolio. Most new video editors begin by volunteering their services for free to their ideal client, or first few clients, with time, you will begin to improve.
You can also make use of YouTube to market your works and also begin to make money from it.
Here is an article I recommend you read in order to get started with video editing.
6. Graphics Design.
Another industry hot skill-set is graphics design, every industry seems to be evolving around graphics design, right from social media, advertising and so many others. You can get deals online from freelancing websites such as Fiverr and Upwork.
7. Develop Mobile Apps.
The recent shift in the tech world has made it mandatory for people to start consuming mobile apps than ever before, every known software and startup has mobile application distributed all over the place.
Apart from the fact that mobile apps are on the trend, you can start developing mobile apps and make very good money.
Here is an article, I recommend you read to help you get started with mobile app development.
8. Become A Web Developer.
Having a website has become a prerequisite for almost all strong businesses, but most people still require the skills they need to produce one themselves.
As a web developer, you are granting an indispensable service to most companies, and you will never be deficient of clients. Being a service in such high demand, however, means there are so many web developers out there.
Becoming a web designer is not hard at it seems, all you need is a basic understanding of basic coding, web hosting and domain and how a website builder is designed to work.
Web development is becoming very popular, and very much in high demand, all you need to know is just very few web terminologies and even learn to code.
Don’t be scared, web development is not a very difficult field, it is very easy to learn, and you will find it very easy as soon as you start.
Here is an article I recommend you read in order to get started with web development.
9. Start A Digital Marketing Consult.
So many newbies businesses don’t know how to take their business online, they constantly try to do it for themselves, but in the very long run, they make mistakes. As a digital marketing expert, all you need do is to make sure their businesses are getting enough visibility online.
This can be done with the understanding of how search engine optimization, paid and unpaid social media advertising and directory listings tools like Google my business.
Here are very few articles that I would like you to go and read carefully so that you can understand how taking business online seems like.
10. Buy and Trade cryptocurrencies.
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
Many cryptocurrencies are decentralized networks based on blockchain technology, a distributed ledger enforced by a disparate network of computers.
A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
Cryptocurrencies are just like Gold and real estate, they are very likely to appreciate and most times you can loose largely on it.
I wrote an article on how you can get started with Cryptocurrencies, I recommend you read it by clicking the link below.
11. Catering Business.
Most people have become very busy that they do not have enough time to cook healthy meals, spending most of their diet on junky meals This has led to a rise in catering business offering all kinds of cuisine options. You can capitalize on this trend by starting a catering business right in your city, state, or neighbourhood.
You don’t need to own a large portfolio to get started as a caterer, most orders would be placed when needed, and in the long run, you don’t always have to cook every time, advertising can be made online to target clients who are nearby.
I wrote a comprehensive guide to help you get started as a caterer, click the link below to get started.
12. Start A Podcast.
A podcast is an episodic series of spoken word digital audio files that a user can download to a personal device for easy listening. Streaming applications and podcasting services provide a convenient, integrated way to manage a personal consumption queue across many podcast sources and playback devices.
Podcasts are hugely uncertain, suggesting entertainment, information or a combination of both. Podcast providers offer digital, audio-based files. Listeners have a higher path to podcasts than ever before, via Spotify, Apple Podcasts, BuzzSprout, Podbean, Simplecast and Captivate, to name a few
A podcast is one way to get your voice to the world, If you have unique speaking talent, then you can start a podcast.
I wrote an article on how you can start a podcast and make very good money and I suggest you read it very carefully.
You can also check out this article and why I recommend using Podbean for your Podcast hosting.
Are you contemplating to sell products online but don’t have the money to buy and store inventory? Consider starting a dropshipping business. Dropshipping is an eCommerce business model in which you don’t have to handle any physical products.
All you have to do is set up an online store, and associate with third-party suppliers who are always available to store, package, and ship orders to your customers.
I wrote a comprehensive guide to help you get started with dropshipping, click the link to get started now.
14. Start Freelancing.
Freelancing is another cool job to get started with when seeking to start any business online. As a freelance you work for people from various part of the world, I know you would be questioned as to how this can happen but I will explain.
The ability and the liberty to work for anyone from various part of the world has been made only possible by the help of a freelancing website and platform, and one that I know too well and will recommend any day and time is Fiverr.
You can make over $3000 on Fiverr as a starter, it all depends on how well you understand the platform and how highly skilled you are.
Here is an article I recommend you read to help you get started on Fiverr.
15. Software Education.
Do you have colleagues who lack knowledge in computer software or tech-related stuff? If so, you can start your own software education business and register students for training monthly. Trust me, so many people make money from this business, these skills are not taught in schools regularly, and are in very much high demand.
Possible students might include entrepreneurs looking to build on their IT skills, or other small business owners looking to master software like Excel and PowerPoint. If you have the knowledge, you can lead from the front by teaching most of the classes.
As your business expands and more people sign up for your programs, you can seek the services of freelance software experts to teach students based on their area of expertise.
You should consider hosting virtual classes to keep costs low and increase your business to global markets.
16. Sell Digital Products
Selling Digital products has also become a great business opportunity because they are not expensive to create and share. You can make it once and sell it frequently to several people without having to stock your inventory
E-learning is blasting as an industry. Modern studies show that the industry will be worth around $331 billion by 2025, making digital products one of the best online business opportunities for creators and educators alike. Music, videos, ebooks, and online courses are a few examples.
If you consider yourself an expert on a particular topic, you can package that knowledge up and sell it in the form of a one-time fee or subscription.
I wrote an article to help you get started with selling eBooks and making cool money with it.
17. Become A Copywriter.
Copywriters produce marketing content to sell a major product or service. Have you ever found yourself on a website and you were compelled to buy something with the display of testimonials, videos and a call to action button? That is copywriting.
Copywriters are always in need, and big brands will pay notable amounts of money for efficient advertising campaigns. A powerful, engaging and grammatically sound copy can earn you huge amounts of money.
18. Create A Private Facebook Group.
There are many ways that a dummy can make money on social media with just a smartphone, and one of those lucrative businesses to start is the use of a Facebook group.
If you have a vital online presence on the internet, you can almost certainly begin to make money with it. If you are the admin of a famous Facebook group (about 5,000 members or more), you can immediately turn your page into a profitable business.
Currently, brands have no way of posting in private Facebook groups without expressly hitting a deal with the administrator of such groups, which is how you make money.
19. Start An Online Dating Business.
Online dating has flourished in the last ten years. A website like Match, Tinder has taken the top spots when it comes to online dating.
In February 2019, a predicted 50 million people worldwide were using Tinder. No wonder that it become a moneymaking industry, drawing worldwide revenue of over £1.4 billion every year.
That said, having a background in psychology or some counselling training gives you more credibility. It’s also a business you can run entirely online. You can choose to offer phone consultations, e-mail consultations or even sessions on an instant chat.
Social media has even made it interesting to start as an online dating consultant. To sell your services, create a website and attempt advertising on social media.
20. Become An SEO Expert.
Do you have expertise in producing backlinks and improving the search engine visibility of any kind of website? If yes, then there is a chance for you to make money today.
The majority of businesses spend a lot of money to develop a website and do not make use of it because they don’t understand SEO.
SEO is a type of internet organic marketing that keeps the traffic coming back without any hassle.
SEO is not hard to get started with, you don’t even need to learn how to code to do SEO, all that is needed is a basic understanding of how the internet works, and that settles it.
Site owners worldwide demand the services of SEO experts, so opening a business in this area could turn out to be one of your best choices.
Just in case you seek a place to get started, I wrote a comprehensive guide to help you get started with search engine optimization.
21. Start a SaaS business.
SaaS stands for software as a service. It’s a business model where customers buy software solutions online on a subscription basis. An online SaaS business is an excellent choice for those who know how to write codes
When starting a SaaS business you need to offer a free trial initially, to allow prospective customers to see how your software works for a period of time and let them pay as soon as the trial is over.
22. Produce and sell your music.
There are so many music artists in the world now, and one major problem they have is that they cannot sell their music, and make money with it.
Musicians can profit from their talent by selling their art online. There are lots of different ways to make money through your music online.
You can create those tracks and begin to distribute them to online music stores like Itunes, Spotify and many others, and start earning royalties when someones buy your track.
If you are a music artist reading this article, I count you very lucky because I wrote a comprehensive guide to help you start making money from your music business.
23. Multi-level Marketing.
Multi-level marketing programs are essentially sales programs designed for salespeople. I usually advise people to be very good at sales before starting a network marketing business; it becomes easy to recruit people and duplicate your effort on each of them.
I love network marketing because it is a business that does not allow you recycle the process from scratch, all you need do is to sell, you don’t have to worry about the product because they are always ready.
That said, always be conscious of pyramid schemes disguised as multi-level marketing programs. I wrote a comprehensive guide to help you get started with network marketing.
24. Produce and sell a diet plan.
Selling a diet plan is one of the most effortless ways to earn money from the health and fitness industry.
Before selling any product with a claim to boost health, you need to be sure that you have interviewed appropriate professionals and have done enough research.
Also, you should be aware of the competition in the market and you have to be creative about your approach.
There are so many ways to start selling out your business, most of which includes, the use of social media, email marketing and many others.
25. Become An Online Translator
Have you learnt a foreign language and you seek out various ways to make money from it? then stay glued to this section because you can start making money from your passion.
Tourism, recruitment and journalism are a few of the many industries that have a high need for translation services.
As a translator, clients will hire you to translate a range of materials and texts, such as marketing materials for businesses, the novel of an author looking to sell their work in another country or the personal documents of an individual, including foreign job applications and passports.
Translators typically charge a fee per word, though you can also set prices per project, per page or hour.
26. Buy And Sell Websites.
The arts of buying and selling websites is just like the same concept used in real estate, all you need to do is buy undervalued websites, improving them marginally and selling them on for a profit. Not only can you make money on the sale itself, but you can also earn a steadily profit on top of that, making it one of the most profitable online business opportunities, if you get it right.
Most people prefer buying old, small websites because they have spent some time on the internet which makes them not new again, thereby they have gained a higher domain authority and lots of backlinks, in most cases all you have to do is to write some quality content, and just within a short while, the website is back again.
Google punishes new website, making them invisible for the first nine months to two years before making them available to the internet, this is called the Google sandbox effect. Google has claimed so many times that they do not apply this to new websites but, in an actual sense, they are not being truthful. I think the major reason is that they are trying hard not to discourage people from starting a new website and wake up the black market for old websites.
You can find websites to purchase either directly from buyers, or website brokers and marketplaces, such as Wesellyoursite.com, Flippa.com and WebsiteBroker.com, to name a few.
Once you’ve bought your website, you can get to work growing traffic and monetising your investments to increase the monthly profit on them. Once you’ve maximised traffic, you can sell it directly, or through one of the brokers mentioned.
A website that generates a lot of traffic is usually the most expensive when it comes to making a profit as a seller.
Once your website starts getting lots of traffic from at least 50K monthly, then that website is suitable for sale.
27. Create and sell an online course
If you are a professional in a selective area, you can create an online course to take members through coaching or education on a topic. Besides your expertise in such a subject matter, you will need to be proficient at designing media that can deliver the training, in the form of videos, podcasts, websites or apps.
One main advantage of this business model is that once you have produced your programme, all you need do is sit down, relax, and watch your income grow. Your courses will make passive income as they exist on such a course hosting platform.
As an online course provider, you may contemplate using platforms such as Udemy, Skillshare and Teachable to grow your sales and market your product.
To help you quench your thirst for this topic, I wrote an article to help you get started with creating online courses and make money, click the link below to get started.
28. Start Writing Cv’s
CV writing is an easy career to get off the ground and can be profitable. All you need to get going is a Laptop and the internet and some clients to get started with, you need quality Marketing, too.
You can also advertise your services are on websites such as LinkedIn, Xing and Fiverr. It’s a good idea to have a portfolio of example CVs and cover letters for different industries to show proposed customers ere they buy your service.
As a CV writer, your next action is to choose a suitable format and choose a glossary that will appeal to potential employers, without making the applicant sound arrogant and “too good to be true”.
A great resume or cover letter needs to highlight an individual’s skills, be relevant to the post applied for, and have a positive tone. You can also watch videos on YouTube to learn from experts from all over the world to help you amplify your skills.
29. Become an Email Marketing Specialist
The purpose of an email marketing specialist is to operate with businesses to increase their email communication and step up their marketing campaigns. In this job, specialists help clients to evaluate and develop their email communication as a marketing method. They may also be involved in creating and setting up email campaigns.
The startup costs are low with marketing your services being your only expense. The more knowledge you have in marketing and advertising, the more you can charge.
Just in case you have no idea of how email marketing works, I wrote a comprehensive guide to help you get started.
30. Start An Alibaba Business.
If you understand how dropshipping, or an eCommerce business works, then starting an Alibaba business will not be hard to understand. The principle behind every eCommerce or dropshipping business is to buy at a cheaper price and sell for profit.
Alibaba is an eCommerce platform that showcases products from manufacturers based and produced in China.
China is a major production giant in the world, with over 90% of the products, being produced and shipped down to other parts of the world, buying a product from China is very lucrative and profitable because you get to buy directly from the manufacturer and at very affordable prices.
Most of the products you see on online stores like Amazon, eBay and all other top eCommerce giants are bought in China from the manufacturers at very affordable prices and are sold for thrice the initial price.
I wrote a comprehensive guide on starting an Alibaba business on this blog, click the link below to read it now.
31. Become An Online Personal trainer.
A personal trainer is someone who helps people attain a certain level of health and a fit lifestyle.
Fundamentally, a personal trainer is supposed to be onsite with a client, but the internet has made it very easy to make more profit by establishing your business online, to train with more people.
Coaching is done entirely online through courses, one-to-one video calls or pre-built programs.
The benefit of becoming an online personal trainer is that you can take on far more clients and observe progress far more efficiently.
Many personal trainers use platforms such as Truecoach to monetise their training content because of the high possible client traffic. However, platforms like this do charge a subscription fee.
Just in case you don’t have an idea of what it takes to become a personal trainer, I wrote a comprehensive guide on this blog to help you get started without hassle.
32. Offer HR consultancy online.
An HR(Human Resource) is someone who helps companies recruit talents. If you are following up with the trend, recruiting has shifted to the internet with thousands of job softwares now being created. Most companies prefer to hire the services of a third-party HR that has been trained to help recruit personnel.
Duties include the implementation of talent management programmes, describing the legal aspects of employment, structuring promotion and giving advice on how to create a diverse and inclusive working environment.
If you have experience in HR, there is no reason why you can’t work for yourself and take your business digital.
Experience in the industry often comes with a useful network, which creates a sound foundation for seeking clients.
Make sure you have a solid online presence and develop a marketing plan to advertise your services. I wrote a comprehensive guide to help you get started with marketing your services as an HR, click the link to the article to read it.
33. Start Trading on the stock market.
Stock markets are where individual and institutional investors come together to buy and sell shares in a public venue.
Let say you want to own part of a company like Tesla, Boeing, or Cocacola as an investor, the stock market is designed to allow you own part of these companies without any hassle.
Stock traders buy and sell stocks frequently in time with shifting markets. The aim is to purchase shares at a low price, hold them for short periods, then capitalise on market changes to sell them for a considerable profit.
As a stock trader, all you need is a smartphone or a Laptop and an online stockbroker such as Etoro, Plus500 and IG to purchase stocks. It works just like cryptocurrencies, but this time you are betting on the success of your favourite company.
Trading stocks online will lower your buying costs compared to trading through a brokerage firm.
You should also know that it’s a highly risky business venture which requires ample research and knowledge. Before you start, it is necessary to study the market and research current trends.
A good way to keep up to date with market trends is to subscribe to business and trading magazines.
34. Develop a Chrome Extension.
Google chrome has come all the way to become one of the world best browsers, and this has made it come with extra tools to extend its capability.
Tech-savvy individuals can monetise their skills by producing a Chrome extension. Chrome extensions customise a user’s browser and serve as add-ons allowing users to tailor their browsers to perform specific functions.
Chrome extensions are designed to enhance the user experience by extending Chrome’s capabilities.
All you need to create a chrome extension is proper knowledge of HTML, CSS and JS.
Once you have designed an extension, you can sell it on the Google Chrome store. Chrome is such a reliable interface that they get meaningful site traffic, meaning high exposure.
I wrote a comprehensive guide to help you get started as a web developer, click the link to get started.
35. Design and sell on TeeSpring.
TeeSpring is a fabulous website for creatives who want to reduce the business side of things such as owning a factory and many others.
TeeSpring allows you to create and sell apparel and takes care of production and shipping.
Most times we want to start our clothing merchandise but don’t know how to, Teespring is an amazing platform to help you get started.
Teespring is completely free to use.TeeSpring sets the base price of an item which it’ll keep, you set the sale price and keep the profits.
WithTeespring you get to design a lot including Tee shirts, shorts and many others. TeeSpring is an accessible way to start designing and selling clothes.
The best way to market your tees is to spend on paid marketing. Although you don’t need to purchase ads, if you’re hoping to make your TeeSpring business a sustainable, long-term project, ads are the best way to grow.
Don’t charge too high setting a modest price initially will make the most interest. If a campaign does well, consider relaunching it at a higher price.
36. Become A Business Plan Writer.
Business plan writing is one of the most lucrative business to start and make money, some so many people need a business plan document to get business grants or get any kind of funding. All successful businesses need a solid business plan.
To become a business plan writer, you should ideally have some experience in the business. You need to understand all aspects of a business plan to be able to produce one for somebody else. You’ll also need impeccable grammar skills and a professional writing style. To find customers, you can advertise on entrepreneur websites or contact businesses directly.
Writing business plans can be extremely profitable. Big companies will pay thousands for a thorough plan, so make sure you’ve got expertise on all the necessary components of a business plan.
37. Become a cryptocurrency miner.
When you ask anyone familiar with how online business works, one of their major preferences is attributed to cryptocurrencies.
The demand for cryptocurrency has risen in recent years. Many cryptocurrencies are revealed through a mining process, which introduces new coins to the market.
Cryptocurrency miners ensure that transactions between users are authentic and are then responsible for adding each sale to the blockchain.
All you need do as a cryptocurrency miner is to crack the code that gets to verify the transaction and add it to the block, you earn money in form of cryptocurrency at the end of every task. The speed and necessity of the job mean you need a constant internet connection and can never take your eye off the ball.
The better-known currencies, such a Bitcoin, are also the most competitive, and you may not be able to compete with enterprises in the industry mining in such popular currencies.
I wrote a comprehensive guide to help you get started with cryptocurrencies, click the link to get started.
38. Provide A Legal Writing Service
Legal writing is a type of technical writing used by lawyers, legislators, judges and other legal professionals to form legal analysis, legal rights and responsibilities.
This type of text requires citations from a legal authority, and must often follow a designated format and include technical terms.
It’s an accessible business to start and has minimal startup costs. Legal writing does, however, require a particular skillset.
39. Become An Online Business Consultant.
As a business consultant, you will be assisting clients with expert advice in areas such as management, accountancy, law, HR, marketing and every area involved in starting out a business.
Your main tasks will be to strategise, plan and problem-solve together with your clients to help improve their business. Working as a business consultant requires a specialist skillset. A basic experience in such industry as well as an extensive business background. The more experience you have to offer, the more you can charge for your services.
40. Become A Freelance Illustrator.
Illustrators can sell their designs online in a multitude of profitable formats. If you are creative, you can easily capitalise on your skills as an illustrator and make money. There are so many companies and advertising agencies that need illustrators to help spice up their brands.
All you need to get started as an illustrator is the need to make use of tools such as Adobe Illustrator and many others. To find clients, you will need to sell yourself: start with a website featuring examples of your designs and reach out to as many businesses and magazines as you can, also you can leverage the power of social media platforms like Facebook, Twitter and many more.
41. Statistical & data analysis.
Almost every professional field needs this kind of research. Common types of data analysis include regression, time series, panel data, experimental designs, factor analysis, principal component analysis and Bayesian analysis, to name just a few.
To find work as an analytical researcher, you can advertise on the freelancer websites like Fiverr, or simply set up your site to promote your services.
Examples of the tools used to perform statistical analysis are Excel, Stata, MINITAB or Eviews. To be successful in this field, you’ll need a mathematical or statistical background, and ideally some knowledge of your target industry.
If you have a skillset, data analysis can be a productive career. Businesses need data analysed for all sorts of purposes, meaning you will always be in high demand.
42. Start An Amazon FBA Business
Amazon FBA stands for “Fulfilled by Amazon”. The Amazon FBA program was created to helps retailers own to host their business alongside Amazon.
In this industry, you need to buy cheap products from wholesale sellers and list those items at a much higher price on Amazon and send traffic to it, once an item of yours is purchased Via amazon, it is delivered on your behalf, and you get a profit at the end of the month.
You need to sell white labelled products and ship them to Amazon Fulfilment centres in the US. Those FBA centres handle the shipping, packaging, and support for the products at no extra cost.
I think this business is more sustainable than drop shipping. In the case of drop shipping, there are certain risks like product damage issues or shipping issues. In the case of FBA, the challenging part of your business is handled by Amazon.
The shipping, inventory, and also returns will be handled by Amazon themselves. With this, you get plenty of time to focus on the marketing and creative part of the hustle.
You need to find a niche in Amazon FBA too. For that, you can make use of great tools like the JungleScout Product research tool. After finding a niche, you need to find overseas private label product suppliers on sites like Alibaba. It is cheaper to buy from Alibaba than any other merchant online. The cost of production in China is way cheaper than in any part of the world.
To start an Amazon FBA Business, you need to be a US citizen, as the program is not available for people outside the US. If you are in Africa or Nigeria precisely you can try platforms like Jumia, JIJI or even Konga
I wrote a comprehensive guide to help you get started on Alibaba. Click the link below to get started.
43. Become an Airbnb Host.
Airbnb connects people with places to stay and things to do around the globe. The community is powered by hosts, who provide their guests with the unique opportunity to live like a local while travelling. You may have thought about offering up an extra room in your house or putting your entire apartment up for a share on Airbnb.
Airbnb is one prolific way to make money online if you reside in a country where tourism is on the rise. Do you have an extra room in your home or somewhere to stay for a few days while you get paid by another person to use your home as a temporary accommodation? Then you can register with Airbnb, and start meeting with people who would pay you to occupy your home temporarily.
You will then be asked what type of space you are listing and will be given an array of lodging choices ranging from an apartment, house to a bed and breakfast or boutique hotel.
The next steps are deciding whether you’re renting an entire place or just a room and if the listing will be set up just for hosting or if you plan on retaining all your personal belongings there too.
Finally, you will also need to add important details about the listing, such as the number of bedrooms and beds offered, bed configurations, number of bathrooms and how many guests are permitted. These details are critically important for guests, particularly families and groups, as bed set-up and possession limits play a large role in choosing the right Airbnb.
Once you entered the listing’s primary details, it’s time to add beautiful images to go with a detailed description. Hosts with professional photos in their Airbnb listing can earn 40% more than other hosts in their area who do not use one.
Use the map feature to find comparable listings very close to yours, check for listings with similar size, a similar number of bedrooms and baths and find listings with reviews from experienced hosts.
To launch your business, you may consider lowering your price slightly below other equivalent listings to attract your first few guests and garner credibility with future guests. Airbnb will also suggest a price per night for your property, but it’s up to you to charge what you want.
44. Start Your Own Social Networking Site
When you look at big techs like Facebook, Twitter and Instagram and you wonder why they outshine so many other tech giants. The reason behind their massive success lies in the number behind their community. All they do is simple, they bring people together.
The fact that there are several big-time networking websites does not in any way stop you from starting your social networking site. It may take time before you start making money from the site, but with perseverance, commitment and hard work, you will sure start generating income from it.
Part of what you need to do is to choose a niche or focus on a target audience that can make it easier for you to attract people to your social networking site.
For example, you can start a social networking site that connects people of the same ethnic groups or people with similar interest and so on.
45. Develop an Online Book Store.
Information product remains relevant, and people will continue to keep looking for information till eternity. Another online business idea you can start is to create an online book store. You can start by trading your old and unused books to your family members and friends.
There are book lovers all over the world who are still engrossed in buying books no matter the amount it will cost them.
Starting an online book store is another way of making money from the internet. A company like amazon.com are making enormous revenues from selling books online and you can start something similar.
You don’t need to be rich like Amazon to start an online bookshop, all you need is a simple WordPress website that would cost not less than $3/Mo, another important factor to consider is payments, There are much softwares that helps you handle payments seamlessly.
You can sell eBooks, audiobooks and hard copy books on various subjects and from various authors on your online book store. You also have to be responsible for deliveries when you intend to start an online book store.
I wrote a comprehensive guide on how you can start selling e-Books and create your own online store.
46. Become A WordPress Website Consultant.
WordPress is the most popular website builder in the world, powering over 90% of all websites on the internet, which makes it a hot cake when it comes to designing websites.
A WordPress developer is an expert that concentrates on the support and ecosystem of the WordPress platform. They might focus on developing the WordPress software itself or creating new products, particularly plugins and themes. They also might work with customers to help create, customize, and manage a WordPress site.
A WordPress developer is typically responsible for the back-end or front-end development of WordPress sites (or both). WordPress developers might be hired to build a sitemap or wireframes for a potential site, transfer an existing site to the WordPress platform, or redesign it to optimize its SEO and growth rate.
Or, rather than work with clients on their sites, WordPress developers might examine and debug the official WordPress codebase to make the software better for all.
The majority of the basic website that you see online are designed with WordPress, and I don’t mean complex websites like Facebook or search engines like Google. Most simple business websites and blogs are designed with WordPress.
WordPress development is a profitable field that attracts companies as well as independent freelancers. Do you know that average WordPress developers make between $45,000 and $150,000 per year from their development work?
You can start helping people design WordPress websites for a fee. WordPress is one of the most preferred content management platforms in the world today, and many potential blog and website owners choose it so you won’t have a hard time selling your WordPress website design and consultancy services.
I wrote a comprehensive guide to help you understand WordPress as a beginner. Click the link below to read it now.
47. Become An Online News Correspondent.
The majority of newsroom all over the world are not usually at the incident when it happens, hence the need for a correspondent.
Online journalism refers to the broadcasting of national and international news via the Internet. Although it is similar to traditional journalism, diverse features differentiate one from the other.
In online journalism, news can be reported in real-time, that is, as and when events happen. Various multimedia elements like graphics, sound, animation, and motion video are a part of online journalism.
This medium is also more interactive, and online publications are simpler to access than print or broadcast newspapers.
Online journalists need to have at least a bachelor’s degree in both journalism or mass communication. A postgraduate degree in these fields can help in getting better job openings. A huge number of colleges and universities grant degree programs for journalists.
In addition to educational qualifications and training, online journalists need to be high-grade writers. They should be able to report news items in an orderly, and efficient manner.
You can start earning money online from working as a news contributor. You can apply to any of the online news platforms, and start contributing news to their platform, after which you will get paid per news contributed.
48. Remote Computer Repair Services.
The world has become a global village and there is little or no need for a physical location to do business. All you need to survive and do business in the world today is a skillset and a handful of clients.
This business model can be applied to any field in business today, but in this section, we are going to be discussing how it can be effectively applied to remote computer repair services.
Most times people do not like to take their computers to repair centres since remote computer repair services are now available, most people just sit at home, contact remote repairers, and have their computers fixed within minutes.
If you know a thing or two about computer repairs or you are willing to learn, this is a service that you can easily earn money from doing without investing a dime. Getting clients at first can be a bit challenging, you may need to put up ads on Facebook, Whatsapp and even develop a website where your clients can call if they need you.
49. Offer Voiceover Services.
Talent has become one of the major keys needed to unlock wealth in this age. Do you have a good voice, or maybe you are a singer, seeking out opportunities? There are thousands of voiceover jobs waiting for you. If you have no business startup capital, your good voice and fine diction is an asset; with it, you can produce extra income for as long as you are willing to work.
When getting started in voice acting, you simply don’t know what you don’t know. You may have a natural talent for voice over, but the constant need for education is effective and crucial to success.
There is so much value in attending training sessions and hiring a voice-over coach. At first, it may be hard to get jobs, at this point, you need to initially develop a client base, even charge less, but as time goes on, you eventually get better at the job.
One place to get started is on Fiverr. I wrote a comprehensive guide to help you get started on Fiverr as a voice-over artist. Click the link below to get started.
50. Start an Online Sports Betting Business.
Look at the world today, one universal language that is been spoken by every nation of the world is sports. Nigeria is one of the many African countries that is being overwhelmed with the scourge of online sports betting.
This includes online poker, casino games, and sports betting. The sports betting and gaming industry has grown astronomically in the last two years.
This outstanding growth can be credited to the large population of the nation and increased access to internet devices. An online sports betting business is a profitable business that you can start with as low as nothing in your bank account.
With the help of an internet service provider and of course good and reliable software, you be somewhere in South Africa and place a bet online from a sports betting site that is located in Ankara, Turkey, for a football match between Arsenal FC and Manchester United in the United Kingdom.
Distance is no longer a limitation when it comes to placing bets. So, if you love sports and you love betting, then you should consider commencing your own online sports betting business.
51. Start An Online Car Dealership Business.
It is the dream of everyone to someday own his/her car, so therefore starting your own car dealership business can bring your massive profit. Trust is one element in this business to make it successful, note that not all clients will trust you easily, so you have to make your online presence known.
One thing about this business is that you can start this business with little or no cash at hand. You don’t need to own a physical car garage or showroom before you can make money from selling cars. It is much easier these days to sell cars online than it is to sell them from a garage.
All you need to do is to create a website where the cars that you want to sell can be listed. You can deal in fairly used cars or brand new cars or both and still attract customers from all over the globe.
Also, with the aid of digital marketing platforms like Facebook, Twitter and many more, it has become easy to launch and start an online car dealership business. Also bear in mind that you need access to an inspection site for the clients to inspect and purchase the car.
52. Teach People How to Cook Online.
Most of the time, when people need to gather basic cooking knowledge, one of the first places that they visit is the internet. If you are good with making both local and international dishes, one of the online businesses you can engage in is to start teaching people how to cook.
This kind of business is easy to kickstart because all you need is a YouTube channel, blog or better still a huge social media following across all social platforms. Better still you can subscribe to the service of an online tutoring website and charge for your course.
I wrote a comprehensive guide on how you can start your own catering business now and start making money with it. Click the link below to get started.
53. Start An Uber Business.
Like I will say, when I am about to talk about something related to the internet-of-things, Technology has done a lot in making the lives of people way easier than it was back in the day when the impact of technology was not felt in any way.
One of the major area that the advent of technology has disrupted is transportation. The ride-hailing businesses of the 21st century use technology and GPS to create a proper marketplace. This efficiently connects demand and supply, and is, therefore, able to offer a host of other features. The features include pricing matching tools, rating systems, safety features, etc.
Just to help you understand how the Uber business model works. Uber is a ride-hailing business model as you may have already understood is quite simple.
An online platform that is a two-sided marketplace, riders generate the demand and drivers supply it.
The Uber platform is supposed to have over 100 million users in different parts of the world with more people all over the world still signing up to make use of the platform.
Starting an Uber business is comparatively easy, once you fulfil the following requirements such as.
1. Having a valid drivers licence.
2. Completed a safety screening.
3. Be more than 21 years old.
4. Also, Vehicles to be used for operations need to have an A/C, Working radio and four doors.
Just before you hit the road, you will need to upload the documentation which includes uploading valid vehicle insurance and driver’s license. If the vehicle is your vehicle, you should also upload your vehicle inspection report to your profile.
Once you have finished your documentation process, the next step is to create your account. After uploading all your documents, your vehicle will be activated.
The Uber app is available for both Android and iPhone smartphone. When a rider needs a taxi service all he has to do is press the request button and the platform is programmed with a special algorithm to match the rider to a nearby driver with a pre-verified taxi.
Typically, people make money on the Uber Nigeria platform by driving their cars by themselves, also picking up Uber customers. The driver is usually paid weekly directly into his bank account.
Uber drivers get 75% of the fare, while the remaining 25% goes to Uber. Some people think the percentage Uber gets is too much but Uber thinks it is fair.
Uber pays weekly with the business week ending at 4 am on Monday. This means that you will get a statement revealing your activities for the week and how much you’re due on Tuesday while Thursday is the day you get paid.
However, if you have collected money during any of your trips, you are to submit all cash acquired to your corresponding Uber Partner.
As an Uber business owner, you can acquire up to $500 a week or even more.
How To Live Healthy And Make Money.
A popular saying goes thus;
Health is Wealth.
Too many people ignore this wise saying only to put all their strengths in making money and later realize that they don’t have good health to reap the fruits of their labour, I just hope this does not happen to you or anyone around you.
In an attempt to stop this from happening to anyone, I wrote an article to help you get started on combating health issues that are likely to affect you.
Click the link to the guide below to get started now.
To provide yourself with the greatest possibility of success, concentrate on one idea at a time until you find one that adjusts to your abilities.
Thousands of entrepreneurs have started these business ideas to make money, so you can be sure that you are investing your time and effort into something that will eventually work.
You have to learn to exercise patience when starting out an online business. Once the initial stage is passed, be very sure to get the money flowing in even more than you least expected. Besides you have to master monetization techniques for all kinds of online businesses.