If you are an E-Entrepreneur who is planning to start his/her first online business, chances are, you are constantly searching for those perfect online business ideas that can give you huge profits. And why not, the present time is just perfect for anyone who wants to start an online business given the rapid surge in the number of online customers every year. So if you are an Entrepreneur who is looking for online business ideas that can help you make great profits, you have come to the right place.
Before we jump over to the list, you also need to be aware of the fundamentals of starting any business. For eg., if you are venturing into the online space, the first thing you need to be aware of is the process involved in registering your business. If you don’t know how to register your company, don’t worry. You can read this post How to register a Startup in USA. Also, once you have successfully registered your online business and have done all the hard work involved around selecting it, you have to now work extra hard in formulating a marketing and promotion plan with special attention paid to digital marketing strategies since your whole business is digital in nature. For this, you can read ABC’s of Digital Marketing for Startups. Anyway, let’s come to the point and go through some top online business ideas that can give you great profits.
Online Business Ideas that can give you huge profits-
Digital Marketing Agency
According to Wikipedia, “Digital marketing is the marketing of products or services using digital technologies, mainly on the Internet, but also including mobile phones, display advertising, and any other digital medium.” Yes, your online business can revolve around helping other businesses achieve their marketing goals. This is a highly profitable business and the initial investment is almost nothing. You can read this Interview of Ruan Marinho and read more about his success as a Digital Marketer.
You can use your learnings in your past job or business to help other entrepreneurs and businesses. Both new and established Businesses are looking for coaches who can help them achieve their goals quickly. You can create your online platform and offer your services through video conferencing or by going to your client’s place directly. All in all, build an online portfolio with highly optimized content so that you have a consistent flow of clients who approach you after reading the search results of various search engines.
In simple terms, Affiliate Marketing is nothing but Word-of-mouth advertising. The only difference is that you can earn a decent amount of money doing so. Affiliate Marketing is a big lead generator for many companies and if you have a website or if you are associated with any other online platform, you can get involved in Affiliate Marketing and for every lead that you provide to businesses that result into their sales, you get a portion of their earnings. So If you have a website with a loyal following and if you believe in any product/service, you can endorse those products/services by enrolling yourself in their Affiliate Marketing Programs.
An all-time favorite for many, Blogging can be a big source of your income, of course, if you know how to monetize it. You just have to identify the niche you are genuinely interested in so that you can passionately write about the various topics in that niche.
Now if you are thinking that you start a blog with some content and you will start minting money the very next day, that’s never going to happen. You have to constantly publish high-quality content over a long period of time. That’s how you start getting more traffic that allows you to explore various means of earning money through your blog. There are various ways by which you can earn money from your blog- by selling digital products, ad space, products, publishing sponsored posts, selling ebooks, etc.
You just have to be patient. So if you hear about bloggers making $50k-$100k per month or more, don’t be surprised. No doubt, it is one of the top online business ideas one generally come across.
Social Media Manager and Consultant
There are numerous agencies that have cropped up in the last few years offering social media consulting services, but not all of them provide the desired quality of service. If you are willing to stand out from the crowd by providing high-end services with a focus on emerging networks you can definitely create a big name for yourself. Among all the social media platforms, Facebook, Instagram, and Twitter are still the favorites for the marketers. Companies are also looking for clients on platforms like Pinterest, Tumblr, and Snapchat. These platforms have huge audiences and if you have a decent level of expertise in using these platforms for business growth, you can definitely run a successful Social Media Management agency.
SEO (Search Engine Optimisation) Business
Search engine optimization or SEO is all about a website’s ability to appear organically and relevantly on search engines like Google, Bing etc. Coming on the top of search results is very important for businesses all around the world as more and more customers/consumers are looking for the top few recommendations coming in the search result. More than forty percent of people click on the first search result. No doubt marketing companies are spending millions and billions of dollars in SEO strategies. If you have the right SEO skills and if you know how to make SEO work for you, you can easily make a good amount of money. Just make a list of projects where your SEO strategies have produced results for your clients.
Web Design and Application Development
A well-designed website or a mobile application brings more credibility. If you are good at Programming and Web Design, you can use your skills to create a big business out of this. The current phase we are witnessing is a transition from Brick and Mortar stores to online stores and you can use this online business idea to your advantage. Many businesses are looking for designers who can create their online presence. Build a portfolio and approach small businesses who are ready to move to the online world.
Online Consulting Business
If you have lots of experience in a specific field, you can become a highly paid online consultant. There are many online platforms where you can provide your services. As a consultant, you have to apply the knowledge, skills, along with the experience you have in a specific field to help clients solve a particular set of problem. There are platforms where you can enter all the details regarding your expertise and set the price for your consultancy services. Once you create a name for yourself, your calendar will rarely have an empty slot.
As per Wikipedia, “Copywriting is the act of writing text for the purpose of advertising or other forms of marketing. The product, called copy, is written content that aims to increase brand awareness and ultimately persuade a person or group to take a particular action. Copywriting is one of the most paid online jobs in the era of Google, Bing etc. as nowadays online content is responsible for the sale of significant proportion on both online and offline products and services. If you have good persuading skills and know how to write them down, you have a good chance of being successful in this business. You can create your own website for selling your copywriting services or you can offer your services on various freelancing platforms.
Dropshipping is when you create an online store to sell other people’s products. You are not involved in either manufacturing or shipping. If you make a sale, you get a commission for each sale. The most significant benefit of this business is that you don’t have to risk buying up products and losing money. The entry barrier is relatively lower and the initial investment is also pretty low. Learn how to start a promising dropshipping business.
Though one can come up with hundreds of Online business ideas, the above list is prepared after an in-depth analysis of the most recent trends that give you a higher chance of success. If you want to know about more small business ideas(online and offline), read 50 small business ideas with low investment. Do you have other ideas? Let us know.