The 10 Most Profitable Online Business Ideas
Do you want to quit your 9-to-5 job and start working something more flexible? Or do you simply need a side-hustle to earn money after work? If the answer to one of these two questions is positive, then you should explore some online interesting business ideas.
Starting an online business is exciting, but challenging as well. It may be difficult at the beginning to start something new without substantial funding. Nevertheless, you will have the opportunity to pursue your passion from the comfort of your home. It may start low, but after a while, it can turn into a full-time job, bringing you a high income. This is the exact reason why so many people are trying it out.
According to statistics, every one in four Americans makes money online. This means that if you go online you can find many types of products that people are selling to earn some bucks online - from furniture to tech equipment. In addition, they offer a variety of services, such as: creating websites, translations, etc.
If you wish to join this community of online business owners, then in this article, we’ll share some ideas you can use. Once you decide on an online business that will be in accordance with your preferences, you can take a free course to upgrade your knowledge on the topic. Here are the 6 most profitable online business ideas of 2020.
1. Search Engine Optimization (SEO)
Currently, according to Internet Live Stats, there are 1.7 billion active websites on the Internet. All of these websites are somehow competing against each other wanting to get more clients or customers. In order to get on Google’s first page, they should have a well-thought and developed SEO strategy. This way Google’s algorithm will present them as a relevant result, offering them the opportunity for an increase in conversions and sales.
If you invest in educating yourself and becoming an SEO expert you can earn up to $119 per hour. Later on, if you have several loyal clients, you will have the potential to expand and launch an SEO agency.
2. Coaching and Consulting
Coaching and consulting is so popular nowadays. People need professional advice and coaches for nearly every aspect of their life; whether it’ll be their career, motherhood, weight loss, mental health, you name it. If you want to help those in need and share your expertise over a certain topic of the field, feel free to create a course. For instance, there are so many online fitness trainers who have created programs with a set of exercises and diet regimes. They are charging a certain amount if you’d like to get their program and advice.
Even though this may seem like such an easy way to earn money, you have to do your best when it comes to marketing. Letting people know about your course or service is essential in order for them to become members or purchase it. Make sure your product (course or program) is well-crafted and worth the money. Obtaining a good rating and review will expand the list of members.
Offer Digital Marketing Services
Did you know that you can make between $46 and $60 an hour if you are a digital marketer? Offering your clients a set of online marketing services, such as: managing their social media accounts, offering copywriting services, as well as increasing their overall presence in the online world. Here are some ideas that you can choose from:
• Graphic Design
If you have a drawing talent and are a creative spirit, you should try out graphic design. This is a great way to earn money from home by creating logos, business cards, digital ads, flyers, etc. First, you can start by charging low, and once you build enough experience you can start making money!
• Content Marketing
According to Hubspot, 55% of online marketers use blog writing as an effective marketing technique. Content marketing, including copywriting and blog writing is a valuable online marketing skill that can be the basis for establishing your online business. There are blogs that are making up to $100,000 a month, and yours can be worth that much as well.
• Social Media Management
Nowadays the effectiveness of online marketing campaigns can be weighed according to the impressions, likes, and shares on social media networks. If you scroll daily on social media networks, you might invest your time and learn something that can bring you an income.
• Creating and Managing Websites
Nowadays most of the websites are created on WordPress. WordPress is a user-friendly Content Management System (CMS) that you can quickly learn. If you get stuck along the way, you can rely on one of the many online WordPress tutorials.
4. Remote Tech Support
Offering remote tech support is very popular these days. Every company needs tech support every now and then, so relying on remote tech teams is their alternative. Companies choose remote tech teams because this way they’ll get help on their projects without actually hiring and onboarding new employees. You can start on your own and once you have several clients, build your own team of tech-mates. This way you can offer tech services upon request and earn a lot in this highly competitive niche.
5. Affiliate Marketing
This performance-based marketing will earn you money according to the clicks or customers you bring to a certain business. This means that you will actually gain a certain portion of the company’s income by helping out with their marketing strategy. Affiliate marketing includes publishing reviews about certain products by the partner you’re doing the marketing for. The more partners you have, the higher the income and the more people you can take on your team.
6. Online Teaching
Creating an online platform for teaching is a great option to earn money. In order to be different from the other courses and platforms and be considered as an attractive option by learners and teachers as well, you have to introduce some kind of novelty or innovation. Maybe consider developing an app as well that will be quite a convenient way for learners to get all the knowledge through their phones.
In addition to the six online business ideas mentioned above, there are also a lot of others that you can explore. If you feel like you won’t fit in the six mentioned above why don’t you check out the following ones:
- Become a podcaster
- Start vlogging on Youtube
- Become a virtual assistant
- Do research
- Stock trading - Forex
- Buy and sell domains
- Build an app
- Become an influencer
- Start dropshipping
- Become a translator
- Create an online bookstore