Starting a new business online requires much less risk than investing your dollars into a brick-and-mortar storefront or downtown office. Because your business is based online, you can reach more potential customers, work from virtually anywhere and make money online without large overheads. With some basic website and communication skills along with a little maintenance know-how, almost anyone can launch a business online and get it up and running in only days. Think you’re ready to become the next big entrepreneur online?
1. Start a Listicle Blog
A really simple idea that would only take up to 1 hour of your time a week and about $20 in costs. Over time it could make you quite a bit of money.
Sites like Viralnova.com and Fukarf.com create compelling content by finding funny, emotional and inspirational stories on Reddit, Facebook and Imgur, rewriting the content, adding some more detail and publishing the content on their own site.
Just to give you an idea on how successful these types of sites are, ViralNova was set up buy one guy who hired a couple of writers to rewrite successful content that was published on other sites around the web.
2. Become An Affiliate Marketer
One of the easiest ways to make a few bucks online is affiliate marketing. An affiliate is essentially someone who receives a commission for selling products for other companies, whether it’s on their own site or through another channel like eBay. The best part is that you don’t have to develop any products yourself, just sell other people’s products.
For example, Amazon affiliates can potentially rake in obscene amounts of commission dollars if they work at it. Simply sign up as an affiliate to sell a company’s products using your special referral link, and you can get a commission for each product sold without lifting a finger.
Commission ranges from product to product and also goes up in stages according to how many products sales your clicks generate. The top commission tier is 8%. That adds up to some serious amounts of cash each month if you’re promoting products with that high rate of commission ( Home & Garden is one such product area with high commissions).
3. Sell Your Own Brand
If you have a knack for creating unique images, there’s no need to fuss over your own inventory. If your creations can be easily printed onto a product, then you can make money.
Upload your designs on a variety of websites like CafePress. If someone likes them, the company prints them up and ships the product. You could create unique designs for calendars, books, T-shirts, bags, hats, greeting cards, or posters and get a commission for each one sold.
Some of these sites include Zazzle, Teespring and Lulu.
4. Build Apps
Because smartphones are everywhere, the demand for new and creative apps is increasing in popularity more than ever before. Between Google’s Android and Apple’s iPhone market, people are using countless apps everyday.
And, most of them are selling right and left. Taking the time to develop and sell a smartphone app may be worth your while since it’s a very lucrative way to earn money online. The apps cost almost nothing to actually develop and don’t involve any shipping or storage costs, which works to expand your overall profit margin.
Well performing apps can make thousands in ad revenue each month for their creators, making them another great passive income strategy.
5 Create an Ecommerce Store
With solutions such as Shopify and WooCommerce it has never been easier to start your own online store for such a low investment and thanks to methods such as drop shipping you don’t even need to worry about things such as delivery or warehousing. Read my guide to starting an eCommerce website and reviews of eCommerce site builders.
6. Become A Social Media Consultant
Large corporations and business firms can easily hire a full-time staff coordinator or corresponding agency to run their Twitter, Facebook, and Instagram accounts, but smaller businesses frequently have to manage their own marketing for social media. But, because they have a great number of other responsibilities, many times business owners are too overwhelmed or busy to spend a lot of time on developing their social media approach.
As a consultant for social media, you can effectively steer them in the right direction concerning ideal tactics, implementing schedules, and posting content regarding their target audience. Therefore, as their business grows, so will yours. Check out our new Instagram Tools guide to see how you can increase your clients audience.
7. Professional Freelancer
Freelancing via the Internet is a great way for experts in their individual trades to help a variety of clients overall. Several freelancing and project-based websites let businesses that need extra help to list their projects. Small businesses and freelancers offer proposals, ideas, or bids, whereby the buyers can easily choose what they want and need.
Sites like Elance or Upwork cover just about everything including writing content, creating graphic design, programming, and data entry.