22 BEST ONLINE BUSINESS TO START AT HOME
22 BEST ONLINE BUSINESS TO START AT HOME
We will take you on a journey through our top online business to start in the year 2020, in this article, each of which is perfect for a home-based internet business.
And if you’re reading this, you can take heart to get advice from someone who started an online business successfully. Since 2011 I have been a full-time internet entrepreneur! So this “online business” stuff is not only possible … but I hope to give you some good advice to get you started with your next venture.
Now that you have more insight into why owning an online business is such a brilliant idea, it’s time to look at exactly which online business will be the best to start in 2019, and beyond.
1. BECOME A BLOGGER
Now, here’s an online business model that has been the butt of way too many jokes. That is because a certain section of society (that’s you, hipster!) went around openly announcing that they were full-time bloggers to everyone willing to listen. The net result of all this misplaced enthusiasm is that if you tell any of your friends or family that you are going to start a blogging business, they will wrinkle their collective noses at you while politely coughing.
Don’t allow that to stop you from starting a blogging company. There are plenty of really popular bloggers out there-we ‘re talking about success levels of 5 and 6-figure-a-month.
What you absolutely must avoid doing is starting a blog about “how to be a successful blogger.” How can you do that when you haven’t achieved any success yet yourself? Faking it until you make it is not a business model we’d advise anyone to follow.
Blogging remains a viable business concept online, and one with the same potential as ever. Only make sure you are starting a blog about something people want to hear about. If it happens to be fantastic you’re excited about it. Yet you have to realize that monetizing a blog about organic dog food is so much easier than making money out of a blog about obscure literary fiction.
Not all that hard to learn how to start a blog either. You may choose to start using a free WordPress or Blogger.com account. Or if you can afford to spend about $20, you can register a domain name, get a low-cost web hosting account, and then install WordPress.
2. YOUR AFFILIATE MARKETING EMPIRE
This model gives me warm fuzzies as it is a simple online business that is also enjoyable and has the potential for a passive income of almost 100 percent.
In a nutshell, affiliate marketing is about the commission-based selling of goods to a variety of businesses, including big brand names. There is no need to buy stock, you don’t do packing or shipping and you never have to deal with issues with customer service.
Your affiliate’s foundation is about setting up a website based on a specific niche. You are researching low-competition keywords for that niche, with Google’s goal of ranking for those keywords on page one. Users visiting your site then click on a connection for referral, and if they purchase at the destination shop, you get a commission paid. This is why some people call it “marketing reference”
As internet-based businesses go, affiliate marketing has tremendous sales potential. And as stated earlier, the profit from it can be nearly 100 percent passive once it’s set up properly. This is how I initially left my job.
3. E-COMMERCE BUSINESS
Many people are also shying away from the possibility of having an e-commerce store due to the 2001 dotcom crash. This left a deep impression on someone who has any understanding of it. Yet in terms of dominating the search industry, current e-commerce firms are as distant from those days as Google is from Yahoo.
Back then you had to worry about paying web developers vast amounts of money to build an e-commerce site for you. After that, it was time to pay an SEO agency to rank your site, or you had to resort to paid (PPC) traffic. Then you had to deal with inventory, staff, deliveries, and managing customer service issues.
Modern e-commerce platforms, such as Shopify, provide you with an easier and more cost-effective way to set up an online business. You can choose to sell your products directly to customers, which will involve packing and shipping products.
Another option is to establish a Shopify store again. Yet now, the supplier, or dealer, has drop-shipped customer orders. Do you remember those super-cheap things that look too good to be true on Facebook? The catch is often that it may take 30 – 45 days for your order to arrive – this is the concept of drop-shipping right there in service.
4. SELF-PUBLISH A BOOK ON AMAZON
Ever thought about writing a book, but didn’t know where to start? All the nonsense of writing, editing, design, marketing, etc.?
You can publish a book yourself fairly easily with Amazon, and make money from it. Simple and inexpensive guides are available to help you write your book and generate consistent online business revenue.
Here’s the secret sauce:
If you can launch your book in the first week and earn a few hundred sales, Amazon will take over and start promoting it for you. That way you can make some real money out of that. It’s easier than it sounds, but we’ll get to that in a minute.
Here are a few tips for writing a book:
- Validate the book by giving friends a survey, a mailing list, and/or survey site like PickFu. Through validating the idea before you write the novel, you can increase the odds of people wanting to purchase the novel (and by publishing it you won’t waste your time)
- Create an outline, and if possible stick to it.
- Set aside for writing, every day, at least 30 minutes to an hour.
- Design the book according to Amazon’s standards.
You can then head over to KDP.amazon.com once the book is written and formatted. Log in to your Amazon account and select “Kindle eBook” under “Create a New Title”
5. CREATE A DIGITAL PRODUCT OR COURSE
Digital product or course development is close to writing an ebook. You monetize your know-how by teaching it to others.
That said, you don’t have the advantage of promoting your course through Amazon. You have to market yourself on your website, your email lists, and possibly on collaborations with affiliates. You must also build a convincing web page that will encourage tourists to buy from you.
If you don’t already have an audience, it might be better to self-publish on Amazon first. That way, you can validate your course idea, grow your email list (just make sure to have an email opt-in at the front and back of the book), and more or less create a rough draft of the course (since it will probably be similar to the book).
Here are some additional resources to help you with an online course creation:
- TheRiseToTheTop.com – David Siteman Garland’s website that’s helped thousands of entrepreneurs launch profitable online courses.
- Monetize Your Expertise Podcast – Helpful episodes by online course expert Grant Weherley to help you start your fist online course.
6. BECOME A YOUTUBER
Videos are becoming increasingly common. From Instagram and Snapchat Stories to Facebook Live video, videos just keep growing. If you’ve always enjoyed the thought of being behind the camera, now is the time to take advantage of that.
If it’s starting a vlog and getting ad revenue/selling merchandise to your audience or creating a YouTube channel to bring more traffic to your website – 2020 is a great time to start.
Not only will YouTube videos help you tell better stories and provide your audience with more valuable content-it can also help you gain profitable chances of speaking.
The best part is, you don’t even need to go out and buy an expensive new camera – as long as you have a smartphone with a quality camera lens, you can start filming your first video right now!
7. START APP DEVELOPMENT
Mobile apps are becoming increasingly popular by the year. This may be the way to go if you have an idea for a cool, useful, and/or fun app for a phone or tablet.
It helps to have some knowledge of coding but it is not an absolute necessity. A lot of software developers are looking to work with people on the development of applications.
Word of caution: the app market is crowded right now, so be sure to test your app and do your homework before putting more money into your idea.
Here are some resources to help you in the app development process:
- How to Build Your First Mobile App by Entrepreneur
- How to Find and Hire the Best App Developers by Yalantis
8. FACEBOOK ADVERTISING
Facebook keeps expanding and growing. Thus companies spend more on Facebook ads. But here’s the problem: when it comes to Facebook advertising a lot of old school companies don’t know what they are doing. Many smaller companies don’t have the time it takes to know the ins and outs so they get the most return on their investment in Facebook advertising.
Therefore, they are searching for marketing professionals from Facebook to step in and do it for them. Luckily, you should master this fairly quickly. You can reach out to businesses once you do, and offer to help create profitable Facebook ads.
Here are some Facebook Ad resources you can learn from:
- How to Create the Perfect Facebook Ad in Minutes
- The Beginner’s Guide to Facebook Advertising by AdEspresso
9. LEARN AND MASTER SEO
SEO ( Search Engine Optimization) refers to allowing a website to rank higher in search engines such as Google for such “search words.” When a website ranks higher, more traffic is important and, in effect, more money can be made.
That is another highly regarded skill in the world of internet marketing. That said, since Google is always changing its algorithms it can be a bit difficult. Some of the search rules with its change. You always have to be at the forefront, to learn, and to test new strategies.
If you can master SEO, companies will always be willing to pay you for your help.
10. BECOME A COPYWRITER
Copywriting is the art and science of delivering words strategically (whether written or spoken) which get people to take some form of action. It can range from anything to sales pages, to email marketing, to blog content of even high quality.
Copywriting can be your ticket to earning online income if you have a natural talent and passion for writing.
It is a perfect way to achieve liberty in your life. Copywriting not only enables you to work remotely but it also enables you to monitor your schedule. Also, learning the skill itself will help you in many online business areas ( i.e. building a blog, marketing affiliates, etc.).
11. START SELLING SNEAKERS
Reselling shoes is a monster business you’ve never heard of. And unlike some giant markets, a giant investment isn’t needed.
The idea here is simple: you buy undervalued limited-edition sneakers and market them for a profit. Because limited-edition sneakers sell out so fast, the price takes almost always an immediate spike. I suggest beginning with the selling of shoes which are already available.
Continue buying new releases after you’ve seen it. If you can be one of the few to buy a pair of sneakers until they are sold out, you stand by reselling to make some insane money.
Reselling shoes can be tough to master, but it’s very easy to start.
StockX will show you a graph of the value of various sneakers. This will help give you an idea of whether a certain pair will be worth over time and help you predict where that price will be going in the future. If StockX tells you that a pair is worth more than you’re seeing on eBay, that could be a pair you’d be able to trade in for profit.
You’ll get a feel over time for what shoes continue to sell well and what shoes don’t. Using this experience to play the riskier game of purchasing brand new shoes and selling them.
The profit potential here is massive.
Start-up costs: Can be as low as $20
Income potential: Up to $100,000+ per year
12. SELL INFORMATION PRODUCTS
Are you an expert in your profession, or are you more conscious of a specific topic or skill than the average person?
If you can help others get the desired result from any topic then you are potentially set up to make some serious income each month, without the need to start any kind of physical products online shop.
The entire online self-education sector is booming to the tune of hundreds of billions of dollars a year.
People are learning how to play guitar, how to garden, knitting, quilt-making, drone racing, e-sports, and more…
If you have a skill that others seek to learn, you can use your knowledge and skills to build people up while making some cash along the way!
Establish yourself in your niche as an expert, create an audience, build trust with that audience, and give them the solutions that they desire.
There’s a fantastic free ebook & audiobook that describes just how this kind of company works, called The Blog Profits Blueprint, here you can get it for free.
The main trick here is always to pick a niche subject you’ll never get sick of learning more about.
Passion can be a valuable weapon, as it will continue to give you the drive to move on … even if you encounter bumps in the road.
People build their YouTube channels and websites when it comes to selling courses online, hold webinars or write eBooks to share their experience with those who may be able to subscribe to, or even pay for, what they have to give.
Whatever the niche might be, as long as you have the skills and a strong desire to continue learning, then in the form of an information product you can sell those solutions. Data goods are one of the main online enterprise markets out there.
It also doesn’t take much to get started with this type of business. Launch your blog, shoot those videos, advertise on Facebook, and build an audience. With 3.2 billion people (or 40% of the global population) being internet users, there’s no better time to jump into the world of online courses.
13. COACHING AND CONSULTING
People buy courses and pay for professional advice all the time, Why? Because it’s often the fastest way to succeed at something that you want to excel at!
Want to know how to lose weight fast? You’re bound to find dozens of weight-loss coaches in just a couple of Google searches. There’s a high demand for coaches and consultants in specific fields… most of these being in health, fitness, life, and relationships.
But coaches are making lucrative careers in seemingly obscure niches like Virtual Racing School or Fortnite coaching. Not to mention every sport ever… Including Bowling, Parkour, Crossfit, Golf, and yes… Every other sport.
And of course all the ‘business to business’ consulting from advertising and marketing to project management and supply chain logistics consulting.
There are millions of people looking for someone they can trust who can help them get a specific and valuable result.
If you’ve got a service or training course to offer, then coaching or consulting business may be for you!
These are great ideas for online business ventures!
Say you want to teach others and train them to become adept in a valuable skill, or you want them to become healthier and happier.
If so, then starting an online course or consultation service can be a fantastic way to make money in your own business.
Whether you’re doing coaching, courses, or consultations, you’ll need to gather up some tools… such as an email and messenger service, calendar for organizing schedules and appointments, video calling software, and your payment system.
You also need to set up your tools for communicating with your clients. There are video calls, screencasts, file transfers, group calls for e-learning and webinars, and live chat options to consider for your business. All of these tools will assist you in becoming more effective in the services you offer through your internet business.
Here are some awesome facts about this online business opportunity:
Annual Growth of the Top 5 Domains in Online Consultation:
- Healthcare – 7.1%
- Education – 4.8%
- Management – 3.6%
- Marketing – 3.6%
- Business Coaching – 3.5%
- Personal Training – 3.2%
Industries with the Steepest Fees:
- Strategy Consultants
- Operations – Management
- Human Resources
- IT Specialists
14. SOCIAL MEDIA MANAGEMENT
Likes, shares, and social media engagement have become proven methods for companies to expand into the online business world. They can also help businesses gain followers, who later on, can also be converted into customers.
Is it possible that you can start a business as a social media consultant?
As a basic example, say you come across a post for a business in your local area. Initially, you might give it a like and then later remember, “Hey, I’ve been meaning to check this place out.”
Or maybe you give a company page alike, and then, later on, purchase from them.
A lot of in-house and online businesses alike outsource their social media management jobs to people who can create posts and share them across all platforms. They do this to reach new audiences and drive more people to their products and services.
But is there room for you in this niche? If you’re good at it, can you try to sell digital marketing services and grow your online business?
- 30% of the online time comes from social media
- There are 8 billion views on videos posted on Facebook per day
- 96% of consumers (18-34 years old)watch a video at least a few times a week
- 75% of millennials check out a social video daily
- 80% of online traffic from consumers will come from videos by 2020 (Source: Animoto)
- Every single day, users watch over 100 million hours of video content from Facebook (Source: MediaKix)
As you can see, the potential to sell your digital marketing services in the form of social media marketing, and earn money from home doing so… is substantial. Therefore, if you can write, and also effectively handle a businesses’ social media needs, then this is an excellent online business opportunity for you.
15. Websites DESIGN
Do you know how to build an online website? Another good way to make money while working from home and starting an online business is by selling WordPress sites. You could work as a developer to build eCommerce sites, help them to get found by search engines, and help people develop their business ideas for online web pages.
Local businesses that have a website can effectively validate their brand, increase their reach, generate leads, and more. Every business needs one, and they are expensive!
Do you have a friend who owns their own business? Build one for them for free to get started. You can also build a couple for yourself, and start selling them.
But wait, there’s more. After you help your clients create a website for their online business using something like the WordPress platform, you can then offer additional digital marketing services such as SEO and social media.
If you have the talent, you can additionally offer a few of the online business ideas we have already covered, and get several awesome businesses going at one time.
Once they’re happy with the site you’ve made for them, and they know you live up to your promises, it will be easier to sell those additional digital marketing services to them in the future.
Maintain an excellent reputation with these new customers. Not only will they become your finest repeat customers, but they’ll also be more inclined to refer you to their friends and colleagues.
16. START A CONSULTING BUSINESS
Do you have tons of knowledge in a specific field? Then you may have what it takes to be a highly paid online consultant.
As a consultant, you simply must apply the knowledge, skills, and experience you have in a specific field to help clients solve a problem or issue they have in that field.
For further reading, check out this post from USA Today: How to Become a Highly Paid Consultant
17. START A PAID PRIVATE FACEBOOK PAGE
A paying private Facebook group offers you the ability to join a highly active community.
It gives you a place to distribute your content, allows members of your community to communicate with each other, allows you to limit access to eligible members, and also allows you to organize and monitor the group.
Note: If you already have a website and an email list, it’s easier to create a paid private Facebook group, but it’s not an absolute necessity.
18. ASSIST WITH LEAD GENERATION
Businesses are still searching for ways to build new leads. Leads are the lifeblood of companies after all.
You play the matchmaker when you are assisting with lead generation. You link business to the leads they can solve the problems with.
19. INSTAGRAM SPONSORSHIP
Do you love taking photos and dream of building up a great Instagram following? As you grow your following, more sponsorship opportunities will become available. For example, if your account is focused on fitness, you may be able to sponsor products like protein powder, supplements, etc.
20. CREATE SAAS (Software as a Service).
Google Apps, Dropbox, Leadpages – these are all SAAS.
SAAS is any kind of online software that you pay to get access to.
For this, you must first brainstorm/find an online service that people are willing to continue to pay for. When you build it, holding it is the challenge, which isn’t a simple job. That being said, if you can make it work it can be very profitable.
21. TECHNICAL WRITING
Did you ever wonder who wrote that new TV’s instruction manual? That is the technical writers’ job.
If you love writing and like the technical side of things, you might have what it takes for you to be a technical writer.
Here’s a resource that can help you get started: Starting a Technical Writing Business from Scratch
Here are some sites where you can find work:
22. RESUME/COVER LETTER WRITING
Individuals will also be searching for work-with their resumes, they will need guidance and cover letters.
It is where you can step in and help them build a great resume to recruit them.
It’s a new opportunity for you to start an online business in 2020 and create your own absolute financial and lifestyle freedom.
The goal is to take action. With this wide list of online businesses, you have plenty of options to get started with. Delay no longer, so don’t put it off until next year, certainly!
Take a few ideas and run with them-you can well have your own successful and profitable online company by this time of the next year! Just be sure to report your results back here and let us know!
If you have other business ideas online that you think worth mentioning, please be sure to drop them in the comments below!
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