Online businesses can only be profitable if you have ideas that meet a need or a problem. Of course, where there is an opportunity, there is also competition. Before you begin your venture, make sure you research all aspects of your industry, including financial analysis and competitive analysis.
Blogs are at the top of the list because you can start blogging with minimal investment. If you are prepared to write quality articles, learn and implement Search Engine Optimization (SEO), and do content marketing, blogging will not cost you much.
I started Blogging with only 100 Dollars. I bought accommodation at $5 per month and with a free domain name. Then I installed a WordPress content management system, chose a free theme in the WordPress repository, installed some free plugins, and started writing articles.
In addition to hosting costs, my only investment was to devote time and energy to researching new topics and writing quality articles to benefit readers of my blog.
With blogs, you can earn money through the three methods below:
- Post ads on the blog, usually via Google AdSense. You will be paid by advertising impression (ICC) or by advertising click (CPC).
- In affiliate marketing, you promote a company’s products or services to your readers. Whenever someone buys a product or service using your affiliate links, you are paid by the company.
- Write through paid, sponsored articles.
Most beginners often end up choosing the wrong monetization method, which is one of the reasons bloggers are not able to earn money. Be sure to choose the monetization method that best suits your niche.
Remember that blogs are about writing quality articles and searching for relevant keywords, SEO, SEO (off-site), and content marketing.
Start a YouTube Channel
YouTube is a great way to make money if you can make attractive videos. If you can create videos that can become viral on the Internet, you will earn much more than you imagined.
With more people needing a website, the demand for web design will continue to increase over the next few years. Sites like Upwork and Freelancer make it relatively easy to offer services and get to know customers. Many people from developing countries start their Web Design career with Web Content Writing.
Sell Courses Online
Revenue from online education is not recurring. If you sell your time, it may be hard to make a lot of money. However, if you want to have a recurring revenue stream and develop your online course activity, you can create online courses and sell them on platforms like Udemy.
In addition to offering courses on sites like Udemy, you can also promote them on your blog or website. This allows you to avoid paying commissions and sell them for more profit. However, it may take more effort at the beginning to drive targeted traffic to your website.
Sell Your Products on e-Commerce Sites
If you buy certain items at a lower price than the market price, you can make money by reselling them online through sites like eBay. Registering on eBay is easy; all you need to do is create an account, upload photos and information about your product, set your price, and monitor bids. With eBay, you can sell new, refurbished, and used items and even sell imported items without any guarantee.
However, eBay can be a disorganized place to sell your products, and many people do not like buying or selling on eBay due to fraud. If you are looking for a more structured way to sell your products, you can become a seller on Amazon.
Unlike eBay, Amazon attaches particular importance to the quality of its sellers. To become a seller on Amazon, you must be a company.
Design and Sell Products on POD Websites
If you are creative and can make t-shirts, caps, mugs, etc., then Print on Demand (POD) websites are an option. Through POD websites, it is possible to design different products with intuitive software on their platform. The products you create will be presented to thousands of website visitors every day. Whenever someone buys your product, the website will print your design on a blank product and send it to the buyer.
The advantage of the POD is that it does not require any investment. From inventory management to printing and shipping, everything will be managed by the website so you can focus on creating new products.
Although Instagram is becoming more popular, brands may not know how to use the app effectively. If you have some experience in social media and marketing and are passionate about photography, it may be worthwhile to start a specialized consulting business on Instagram.
If you leave customer comments and reviews online, stop doing it for free. For many companies, the recommendation is an important lead generator, and they are willing to share some of their profits with persuasive people who will promote their products.
If you know business management, then why not start a business that helps aspiring entrepreneurs succeed? You can use your skills to help new entrepreneurs get started, or you can write articles about companies via platforms like LinkedIn.
Do you know the ins and outs of search engines and have skills in platforms like Google Analytics? Many small business owners do not realize how SEO can have a significant impact on their business. Consult with business owners about the power of SEO and use your skills to teach them to read and use their analytics data to have more qualified traffic on their website.