With the digitization of the world, online businesses are flourishing like never before, and the trend is likely to continue in the coming decade.
Modern technology has enabled entrepreneurs to do their work from almost anywhere. In fact, many companies operate in a wholly digital environment, lowering overhead costs and offering freedom to entrepreneurs who want to conduct business on the move.
Creating an online business is simply a matter of focusing on your strengths and expanding your network.
Below is a list of 7 online business opportunities that have a high potential for generating profit.
- Web Designing
People on the internet are always looking for people who can edit and design their website design. We all are very familiar with the importance of a website looks and interfaces which matters a lot while drawing traffic to one’s website.
If you are someone who has a keen eye for design and are good with web development, you can start your own business where you help new-comers design their website and earn money.
If you have a particular subject that interests you and you are passionate about it, then you can start a blog on such topic. Blogging is one of the fastest growing business trends on the web and the sweetest thing is that it is an information-based business.
So, no worries about technicalities, programming, etc. You also don’t need to invest a dime to get started as there are free platforms you can utilize Blogger, TypePad, Joomla, and WordPress.
- E-Book Author
With an ever-increasing number of book writers, it is very difficult to get published. But with increasing number of e-book readers, you can get self-published as an e-book writer. However, e-book writing can be a little different and all those writers out there may need help and tips in writing.
You can be an online e-book author who either writes books or helps others in writing e-books by providing them with tips and tools for effective writing. If you manage to get up your own brand name or a channel, money making through this will be really easy and straight-forward.
- Affiliate marketing
If you’re a person who loves leaving customer reviews on sites like Amazon, stop doing it for free. Word-of-mouth advertising is still a huge lead generator for many companies, and a lot of businesses are willing to share a portion of their profits with persuasive individuals who will promote their products to the public. If you have a personal website with a large following, this might be easier to accomplish (PR reps are always seeking out brand advocates they can send free samples to). Smart Passive Income breaks down three types of affiliate marketing and explains which one is most profitable.
- SEO consultant
You might be skillful in using Google Analytics and the use and importance of search engines. But believe us, many of the small company owners on the internet don’t really know the importance of it. If you’re really good at it, you can start an online SEO consultant business where you can guide such entrepreneurs with the importance of SEO oriented writing and posting. Structuring of keywords etc. can be something which is not quite familiar with most of the people. You can start a business of your own as such a consultant with your own brand name.
- Online surveys
Many businesses are always concerned with acquiring more information and data on its customers in order to forecast upcoming customer trends. Taking online surveys helps provide companies with important data necessary to make these predictions. Web Survey is another excellent profitable online business for first-time entrepreneurs looking to work from home or anywhere.
- Social media marketer
Small business brands and professional freelancers often require help with promoting their work on social media platforms. You can train yourself to understand the fine art of social media marketing and offer to either take over their social marketing efforts or to provide consulting services on the matter. The Wix Blog will provide you with an abundance of reading material on how to market on social media.