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.
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 a $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 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 a 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.
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 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 a video editing software.
If you are addicted to the 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 the 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 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 to 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.
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.
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 with, 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 on 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 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 to 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 glossary which 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.
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 with 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 with 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.