Are you thinking of starting an online business but facing a lack of good business ideas? The decision to start your own business can be gratifying if it does well, and it’s liberating to be your own boss. Of course, running a business is always a risky venture, and things can go either way, but not everyone is cut out for a 9-to-5 job, and we’re guessing it’s probably the same with you since you’ve taken an interest in this post.
If you have the passion and motivation for running a business but are short of ideas, then you’ve come to the right place. Internet and digital technology have made it relatively easy to start an online business. You don’t even need to rent a space and buy assets or goods for some businesses, just a computer and internet connection will be enough! When you think about it that way, it sure feels exciting to launch your own online business, doesn’t it?
So without further ado, let’s explore how to start an online business.
Best Online Business Ideas
If you’re the star chef of your home and your family can’t get enough of your recipes, then put your culinary skills to work and consider starting your own home kitchen. As the name suggests, your home’s kitchen itself will be your business space, so the only thing you need to do is set up a website for your business where you can post the menu and contact details or get in touch with an existing online food delivery service in your area.
Another fantastic and flexible business idea is to start a freelance service. Based on what you’re good at, there are different areas of freelance services such as graphic design, content writing, digital marketing, web design, software, and app development. And there are well-established platforms where you can list your services and find clients, such as Upwork and Fiverr. In the most basic sense, all it takes to start your own freelance business is to create an account and upload your portfolio to any freelancing site.
Are you good with words? Do you like to express yourself through writing and consider yourself to be a good story-teller? If yes, then a blog can be the perfect business idea for you. The success of this business depends on how many people visit and read your blog, and that, in turn, depends on how good of content you post in your blog. And there are many ways to monetize your blog, such as listing ads or promoting products for a commission. Once you manage to get a steady flow of visitors to your blog, it can become a passive income source!
Affiliate marketing is where you promote products and services that are not your own but of another person or company. And whenever someone buys what you’re promoting, you get a percentage of the sale. You don’t even need to have the product yourself, but promote it on your website or even your blog if you have one (notice we mentioned ‘promoting products’ to monetize blogs in the previous post). Amazon, Clickbank, and various online casinos have exceptional affiliate programs that even beginners can get started with.
We organize events such as birthdays, baby showers, and festivals in our homes, and there’s always one family member who does the best job of planning and organizing everything. If you’re that kind of person and have a knack for curating events, be it big or small, then you can turn that talent of yours into an online business. You’ll need a website for your event planning services through which people can get in touch with you. And if you need an extra hand or two to help you with it, you can even rely on your friends and family members to join you.
If you’re good at any handicraft such as sculptures, miniature models, cards, making candles, wearable accessories, etc., then you can set up an online store where you can list your creations for sale. Platforms such as Shopify and Etsy make things even easier, as you can directly set up your own online store in these platforms without having to worry about building your own website.
Online Course Creation
Online course creation is a beautiful business idea that you can continue along with a day job as well. Now it’s obvious that you must be good at whatever your job is, and that’s why you have the job in the first place. Or maybe you’re an expert in other fields outside of your line of work. Whatever be the case, you can share your knowledge and expertise of something you’re good at by creating a course for it and selling it online. There are many platforms where you can learn how to create a course as well as put your course up for sale, such as Udemy, Coursera, and Kajabi.
Just like creating an online course, you can take an alternate approach and opt for online tutoring instead. You can teach people online about a subject you are an expert at and take in learners or students from any corner of the world. It’s really such a simple business idea, and there are so many students seeking an excellent tutor to help them out. Not to mention many websites where you can enlist as an online tutor for specific subjects and search for students, for example, Chegg and Tutor.com, to name a few.
For both online course creation and online tutoring, the baseline was to turn your expertise of a subject into a product (a course) or a service (tutoring) that people pay for. And consulting business also follows a similar concept, where you offer expert advice to other people and businesses to solve a problem related to your field of expertise. Suppose you can provide factually correct and valuable advice/information on any field such as fitness, nutrition, management, marketing, accounting, etc. In that case, you can consider starting a consulting business for it.
Domain flipping may be a brand new term for some people, but it’s a simple business idea that doesn’t even require you to be an expert on something. Just like real estate, domain flipping is the business of finding and purchasing web domains for a cheap price, and selling them later to interested individuals or organizations for a higher price. You need patience and some research skills to scout the internet, find cheap domains with keywords from popular niches, and wait until you find the right person or party to buy the domain for a higher price.
As you can see, many online businesses can be started with minimum resources. Service-based businesses like freelancing and online tutoring don’t even require any money to get started with. All you need is a minimalistic website based on a WordPress theme, and you are good to go.
What are your views on this? Let us know in the comments below.