As easy it may seem to work from home running your online business, it is not the ideal game to play. Working from home has been in trend since the onset of web technology. If you are seeking the best online business ideas, you are at the right place.
Just 2 decades ago, people couldn’t think of quitting 9 hours of grind and working far off from their houses. All praises to the inventors of web technology changed how people communicate with one another.
Communicating messages and getting information at a few clicks was an unimaginable reality 100 years ago. But amidst the 1st quarter of the 21st century, you are lucky enough to work from home and regularly earn a decent amount.
I have written this article for the moms who want to work from home handling house chores and taking care of their children, solopreneurs who want to monetize their skillset and talents, students or employees who want to start a side hustle to earn a decent income.
So, if you fall among any of the categories, read on. I hope you enjoy reading this article as much as I did while writing it.
So, here are 10 business ideas that you can turn into real cash-generating businesses.
Online business ideas – Freelancing
There is no limit to how much you earn from starting a freelance business. But the question is, from where do you start? What services to offer? How to find legitimate clients, so on and on.
All your questions are legitimate.
Earning from freelancing platforms was never more accessible than it is now. As more people are aware of freelancing platforms, you can expect to get more paying clients.
But make sure you have skills which you can sell online. Work to Learn a craft well enough before expecting to earn loads of money selling it.
Some of the services which you can offer on freelance platforms are:
- Content writing
- Digital marketing
- Web development
- Graphics designing
- Video editing
- Ecommerce store development
And sub-categories of these categories.
If you have a good grip on the English language and enjoy writing, I recommend you go for content writing. If you have an interest in marketing or psychology or formal education in any of these subjects, copywriting is the right career for you.
If you have a computer science or English literature background and an inclination towards marketing, go for SEO or content marketing.
The next step after deciding on your services is to select the freelance platform. There are a couple of platforms where you can offer your services and earn a decent income.
A few of the best freelance platforms in the world are:
- Fiverr (perfect for beginners)
- Freelancer (beginner plus intermediate level)
- Upwork (professional level)
- Toptal (for experts)
There are more details in working on each platform. For a detailed overview of the freelance platform, head over the related section in the www.dollarsgain.com blog.
Online business ideas – Self-publishing ebooks
Writing ebooks is the field that has emerged from a new perspective. Don’t pay heed to the uninformed or misinformed masses who have spread the rumor that books are outdated.
Ebooks writing is the newly emerged field that has seen quite a demand in recent years.
Fiverr has created a specific category for ebook writing. It even pays its affiliates the highest commission over promoting ebook writing services to the respective buyers.
Ebooks are used widely as a lead magnet for capturing leads (prospects who might be interested in buying your service or products). Businesses offer ebooks to get qualified leads so that they close them to make sales.
It is high time for you as a writer to start writing your own ebook. You can offer ebook writing services as a ghostwriter on freelance platforms or create your own book to sell on Amazon.
Amazon started as an ebook retailer. Now it’s the most prominent online platform globally that caters to almost all types of products. You can upload your ebook here and benefit from its userbase of millions of people.
Hundreds of writers have earned over six-figure by self-publishing their books on Amazon Kindle.
Online business ideas – YouTube channel
If you know the art or skill and know-how to talk about it, you can start blogging on YouTube.
It is the 2nd biggest search engine in the world. Thousands of YouTubers are making millions over it by just sharing their knowledge with the world.
You can be one of them if you love to create content (written or videos). If you know embroidery, painting, dancing, singing, have any educational skill you can teach about, learn good English, coach someone on a craft, or any service you can deliver online, you can make your own YouTube channel.
Your content needs to be original and valuable so that more people find it and watch it. In return, YouTube will play ads on your video. The more clicks you get on the ads, the more you earn. It is as simple as this.
People have turned it into a digital business where they run more than one channel and regularly publish content.
People are earning a decent income from creating and selling or buying and reselling YouTube channels. Another way to make money from YouTube is to create content, monetize the channel and then sell it to the concerned party interested in buying ready-made and running channels. This business model is known as flipping.
Online business ideas – Blogging
If you have a knack for writing and know about a field, you can monetize your skill by making a blog. Just as you can create video content for the area of your choice, the same way you can create written content and share it with the audience through your blog.
The world’s biggest blogs earn as much as 1 million dollars per year. Many individual bloggers are earning six to 7 figure income with their blogs.
Some bloggers who earn a six-figure income from their blogs are Ryan Robinson, Adam Enfroy, and Pat Flynn.
If you have a natural talent for words, you should consider creating your own blog. Just like people make content on Youtube and monetize it with Google AdSense, the same way you can monetize your blog with Google Adsense or third-party ad networks like Mediavine.
You can also buy a blog and resell it or sell your own blog. This business model is known as flipping. The famous platform for blog flopping is flippa.com.
People earn 36 times more than they actually invested in making their blog in terms of money. This is a reputable business if you know how to get it right.
Online business ideas – eCommerce store
For those people who believe in the traditional business model and are convinced about the power of the internet, the best business model for them is an e-commerce store.
Nowadays, with the trend in dropshipping, more and more people are coming towards e-commerce stores. In dropshipping, you don’t need to source products. You can select suppliers who will ship the products on your behalf. This cuts the efforts required on your part to physically send the products. You will just handle your online store and buy the items once you receive your order online.
Many people are earning from 6-figure to 8-figure income by their e-commerce store using the dropshipping business model. It is less costly and effortless than a traditional business model where you need to manage inventory, handle staff, and fret about the shipping process.
These are the 5 business models that are legitimate and can earn you more than a 6-figure income.
I hope you enjoyed reading this article and gathered some valuable information. I hope you start any business from the suggested ones above and reach your desired income goal.