If you want to make money online, you're in luck!These days, pretty much anyone can start an online business.In this article, we'll discuss 21 great online business ideas, to help you get started.
- Before you start
- Online business ideas
- 1. Write a blog and monetize it
- 2. Setting up an e-commerce site
- 3. Release shipping site
- 4. Affiliate Marketing
- 5. Become a freelance content writer
- 6. App development
- 7. Starting a podcast
- 8. Graphic
- 9. Streaming di Twitch
- 10. Cryptocurrency Mining / Trading
- 11. Streaming YouTube
- 12. Web Development
- 13. Publishing ebooks
- 14. Social Media Management
- 15. Coaching
- 16. Translations
- 17. SEO Consulting
- 18. Tutorial system
- 19. Online fitness classes
- 20. Selling domains
- 21. Purse
Before you start
It is true that with 4 billion active users on the Internet, the Internet promises huge opportunities to make money online.However, keep in mind that this is a very competitive industry, so you have to strive to succeed.
That is why it is important to collect a niche .
Let's say you like to travel and enjoy delicious food, you can create a food reviews blog.But you can set your niche on street food from anywhere you've visited.
Or, you can start with what people need.For this you have to do a lot of research.So, you can run an online business that fills the gap in the marketplace.
Next, there are things you already need to have for your online business:
- Web hosting .For an idea that requires a website, you need web hosting to get it up and running on the internet.We recommend Hostinger which offers a web hosting service at competitive prices.
- A .Choose a domain name that best reflects your business.This is an important business decision you can make after choosing a niche.
- Time .Some ideas may take longer than others.Consider how long it takes you to earn a profit.
Online business ideas
Now, let's start with 21 great online business ideas for making money online.
1. Write a blog and monetize it
There are many reasons why people write a blog.Some want to communicate with like-minded people, share knowledge with others and make money.
How to make money with a blog? First, if you don't have a blog yet, create one with these simple steps:
- Get web hosting
- Register a domain name
- Choose the platform
- Start writing blog posts
For more details, you can read this complete guide.
Next, monetize it.Here are some ways to monetize your blog:
- Google Adsense .You can learn from Jack Herrick (WikiHow) who earns $2 million a month from Adsense.
- Selling eBooks.If you want to be like Carol Tice who makes $45,000 from selling eBooks, you can do it from your blog.
- Paid reviews .He needs excellent skills to write a fantastic review and get money from it.But Famebit shows us how to do it successfully.
- Affiliates . Pat Flynn says it takes time to earn a lot of money.But affiliate marketing is great for making money online.
2. Setting up an e-commerce site
Creating an ecommerce site is one of the best online business ideas on our list.The opportunity to make money in this area is huge.
Etsy is one of the examples.It is a wonderful site that sells handicrafts with custom handmade products such as jewelry and toys.
Similar to a blog, to create an ecommerce site, you'll need:
- web hosting
- A domain name
- Content (products) for your store
You can read how to launch your online store for more details.
3. Release shipping site
Do you have great sales skills but have no space to store products?Drop shipping is worth trying.
With drop shipping, you can earn profits by selling other people's products.
When a customer places an order, you receive the money and purchase the products from a supplier.Then, the supplier delivers the product to the customer.
So, the profit comes from what the customer pays deducted from the money to buy the products.Plus, there are no additional costs because you never manage products.
Drop shipping is one of the online business ideas worth trying because of:
- A small initial investment
- Less risk
- Low overheads
If you want to jump into the drop shipping industry, you need a website to view goods from suppliers.Then you are ready to receive an order.
Oberlo is an example of how drop shipping can make money.It has sold over 85 million products worldwide.Interested?
4. Affiliate Marketing
Affiliate marketing is promoting the products of others.
If people buy things because of your recommendation, you will get a commission.There are many very popular niches for affiliate marketing, including web hosting, online services, health products, or even basic physical goods like the best mattresses.
You need to sign up for an affiliate marketing program and get a special link.Then, you can use the link on your website and social media posts to direct people to specific products.
You can use your website for affiliate marketing:
- Display of ads / banners on your web pages
- Write a product review with links.
So, if you think this idea is right for you, learn more from this guide.
5. Become a freelance content writer
Your writing skills could lead you to great commercial success online.
There are many websites that would pay for your writing.One of them is Cracked .This humorous site needs creative writers to flood them with funny articles.You can earn $250/item by improving your writing skills.
6. App development
There are many ways to make money online from apps, especially mobile apps.
- Freemium (users can pay more for advanced features).
- In-app ad.
- In-app purchases.
You should also understand your experience.Let's say that if you are passionate about games, you can create nice games for mobile devices.PUBG Online, Pokemon Go, and Clash of Clans are games that generate a lot of money.
7. Starting a podcast
The podcast offers benefits for both broadcasters and subscribers.While the broadcaster can podcasts to make money online, subscribers can listen to personalized content anywhere.
While the initial phase might be slow when you start podcasting, you don't imagine it can get as big as Wondery.
How can podcasting benefit you as a broadcaster?It gives you money from:
- Affiliate Marketing
If you're good at graphic design, you can make money online with those skills.
There are many websites that could help you connect with customers. 99designs is a good example.So far, they have more than 97,000 projects.Participating in 99designs allows you to earn money from the projects you choose.
Or, you can see how Kate Moross does it well.Showing his best work to show his competence is brilliant.Potential clients who like her job can contact her directly from the website.
9. Streaming di Twitch
If gaming is your life, it's worth trying streaming contractions.Not only is it fun, but you can get a lot of money out of it.Great online business idea, right?
Twitch is a platform for gamers to stream their videos during games.
In addition to enjoying the games on your own, you can be a broadcaster and let millions of people watch you play.If you're good enough you could be a professional player.
For example, Jeremy Wang earns a lot of money from streaming contractions.He has more than 800,000 followers on Twitch and earns $20,000 per month.Also, more money from sponsorships and brand offers.
10. Cryptocurrency Mining / Trading
Cryptocurrency is a virtual currency that uses cryptography for security.
To get money from cryptocurrency mining, you need a special computer to solve problems.
Bitcoin mining uses units called blocks.Each block is locked with a number of mathematical problems to secure transactions.If you are the first to solve them, the reward is for you.
The reward for completing a block is 12.5 Bitcoins.The price of one Bitcoin is around $3,500.Then, you will earn $42,000 for the reward.
But there are things you need to consider using this online business:
- Hardware .It will cost up to $4,000 per aluminum rig frame, 6x GPU, PSU, cooling system (as it produces a lot of heat), etc.
- Electricity .It will consume about 20 kWh for your daily needs, make sure you know how much your electricity company will charge you.
- Maintenance .You need extra costs to repair your mining rig when problems occur.
- Time .You need to calculate the probability of spending money on mining and getting money from rewards.
11. Streaming YouTube
YouTube streaming is an amazing online business idea for creators.
While you can be the next Pewdiepie, going with your own unique content is always better.
Ryan ToysReview is a good example to inspire you.This channel is the No. 1 earner on YouTube with $22 million this year looking at toys.
Did you have an idea?Big.So, start building your channel and get as many subscribers as possible.
After that, monetize your videos.The requirement is 4,000 watch hours and 1000 subscribers to start earning.
12. Web Development
A web developer can get up to $3,000 in work from home.A nice online business idea, isn't it?
If web development is your area of expertise, you can make money working on projects for online clients.There are freelance platforms like Upwork and Guru that offer such opportunities to web developers.
Alternatively, you can showcase your skills on your portfolio website to allow potential clients to offer a project to work on.
Whether you work as a freelancer or as a full-time developer, making money from web development is very promising.
13. Publishing ebooks
The publishing industry has changed.Now, self-publishing is a trend that promises a lot of profits.
So, you can choose this online business if writing books is your talent.You can start writing and selling your e-books online.There are many places where you can do this. Amazon Kindle Direct Publishing is one of them.
Here are the tips: If you want to get 70% of the price from Amazon, set the price range of your e-books from $2.99 to $9.99.
14. Social Media Management
Why is social media management one of the online business ideas worth trying?Many business owners believe in the power of social media but find it difficult to manage effectively.
Social media management is a fascinating job to make money and a great online business idea.If you find the perfect customer, you can apply an hourly rate.According to PayScale the average salary for this position is up to $56,000 depending on the position.
You can make money online by selling your knowledge to people.
While it depends on your area of expertise, you can earn $25,000/year by giving life coaching.And, if you're good enough, you can be like Michael Serwa who earns more than $600,000/year.
However, creating your own website for your online coaching business is better.
While Google Translate works well, there is still a gap between the translation results provided and those expected.That's why online translation can be one of the online business ideas that work.
The process is relatively simple, you just need to be qualified before translating and receiving payments.
17. SEO Consulting
If search engine optimization is your area of expertise, you can make money with SEO consulting.
An SEO consultant reviews a website and provides advice on how to improve it and get more traffic.
Many people need an SEO consultant to make sure that the website performs excellently and ranks better in search engine page results.
18. Tutorial system
Online tutoring is also an interesting idea of online business.You just need a computer and a reliable internet connection to earn a good amount of money.
Having your own website to get potential customers is always recommended.But there are many platforms that offer the same great opportunities. Wyzant is a great example.
With Wyzant, you can earn up to $60 per hour depending on your skill level.However, it will charge you a 40% fee for the first 20 hours of tutoring.
19. Online fitness classes
Have you ever heard of Zoe Rodriquez?She is the founder of ZBody Fitness Inc.
Zoe began her career as a personal trainer.It has fitness programs that allow people to get in shape without going to expensive gyms.Achieving huge success, Zoe earns up to $30,000 from online courses, coaching, and merchandising.
So, if you like fitness, this could be a great online business idea.
20. Selling domains
Selling domains is a promising online business idea.You can buy a domain at the lowest price and put it up for sale at a higher price.
Depending on the situation, you can earn a lot.For example, lasvegas.com for $90 million dollars.
This happens because a domain name is critical for online activities.Most companies would pay a lot of money to get the perfect name for their online presence.
You can sell a domain yourself or join a marketplace like Sedo.
The last on our list is Stock Exchange.Do you want to make money by investing money?The bag might be one of the best business ideas for you.But it requires special skills and a lot of time for research.
You can start by getting abundant information from The Economist or any market analysis site such as calculated risk.This will help you understand the latest trends.After that, you can choose a trading site like Ally.
Use all resources to make the best investment.It's the most important part of success.Don't forget to keep an eye on the markets every day.
Having great online business ideas is a crucial part of making money online.For some ideas, it takes more time and effort and requires special skills.
Among the ideas presented above, these three ideas are the most promising
- Writing a blog gives you huge opportunities to make money online easily.You can write a paid review, sell ebooks, and display ads on your site.
- Creating an ecommerce website offers ample options for markets.You just need to create your online store and start selling products.
- Knowing how Zoe Rodriguez does it perfectly, becoming a fitness instructor and offering online fitness classes rewards you with health and money.
Now, since you already have an idea from many ideas that we have given, let's start making money online.