Have you noticed that the world has changed?
30 million Americans have already launched a home based business. The only barrier that separates you from the best online business to start is finding a profitable business idea.
In today’s tech-driven society, everything is going online including the things we buy, the services we use, and the information we consume.
Why don’t you adapt to the changes and benefit from the online business opportunities provided by Internet globalization?
To make things easier, we have compiled a list that contains over best easy online business to start from the comfort of your living room.
If you are tired of your 9 to 6 job in an office and intensely irritated\frustrated by the lack of freedom, you came to the right place.
Here you will find an answer to what is the best online business to start for all sorts of skill sets.
List of Best Online Business to Start
1. Launch a Blog And Monetize It
Blogging is a great way to earn income by doing what you are passionate about.
Even though your mother and friends can wrinkle their noses when you tell any of them you are going to start blogging, don’t let that stop you. In self-defense, you can tell them about successful bloggers who earn millions of dollars without wearing out the seat of their trousers in offices.
Let’s have a look at Chiara Ferragni, a famous online entrepreneur who started her personal style blog The Blonde Salad which quickly began to receive sponsorship offers from various brands.
You can see the Asus advertising on the main page of her site.
Since the Blond Salad transitioned from a style blog to a full-scale lifestyle platform, Chiara was named one of the most influential women under 30 by Forbes.
Another success story – Justin Weinger.
This man created a blog with helpful tips for students for saving and earning money. Even though the blog doesn’t claim to be an expert for financial advice, it brings its owner up to $100,000 per month.
Actually, Justin believes in learning from the mistakes and correcting them in every area of life.
On the blog, he shares his journey of gaining financial freedom. Justin uses affiliate marketing but the advertising for third-party companies is the main source of revenue for him.
The best part about blogging is, unlike most of the online business ideas, it requires little investment.
Voila! The blog is ready. 🙂
When it comes to monetization, you have several options here:
- Placing an advertisement for third-party companies
- Promoting your own product
- Affiliate marketing
- Using AdSense, Repixel, or other monetization tools.
You don’t need to choose only one model of monetization, you are free to try all of them. The more your blog audience grows, the more money you can earn.
2. Become an Affiliate Marketer
Affiliate marketing is one of the best online business to start with no money.
Affiliates are people who promote and sell products/services for third-party companies using their own channels, be it their blog, special platforms like eBay, or whatever.
Being an affiliate marketer, you don’t have to develop products yourself, ship goods, and handle customer service issues. You work is to get your prospects to buy (no matter what channel you choose).
After your lead clicks on the affiliate link, they are taken for your partner’s shopping cart. Once they buy, you receive the commission.
The amount depends on the affiliate partner. The average commission an affiliate receives is 25%, in some cases, the reward is equal to 50% and more.
Let’s have a look at one of the successful Amazon Affiliate Websites.
PICKMYSHAVER.COM is a perfect example showing that profitable affiliate websites can be created around just about any niche, even electric shavers.
Their content is insightful and definitive, they offer in-depth reviews, comparisons, use cases so the users can ensure they are getting the right shover for them.
Throughout the content, affiliate links are placed, so that the visitors can buy a model and the site creator can earn a commission.
3. Become an E-Commerce Retailer
Setting up an e-commerce store and selling things online had never been simpler. These products can be physical or digital (music, courses, training, software, and more).
According to the latest stats provided by Digital Commerce 360, consumers spent $601.75 billion online with U.S. merchants in 2020.
Moreover, according to forecasts of Nasdaq, by the year 2040, as much as 95% of shopping will be facilitated by eCommerce.
Can you see the greatest opportunity for starting an online business here?
With such robust solutions as WooCommerce and Shopify, anyone can create a shop in minutes without deep coding knowledge.
However, to create a more advanced, flexible, and customized online store on Magento CMS or other powerful platforms, you may need to hire experienced Magento developers.
You can refer this post to start eCommerce website from scratch with little effort and money.
Note: Once you build a website you have to install eCommerce plugins like WooCommerce to make it compatible with the eCommerce business model.
If you think that setting up a store will costs you an arm and a leg, you can reduce expenses by trying out a dropshipping model.
The key idea behind the model is that, as a small business owner, you don’t have to store a large inventory of goods or handle delivery on your own.
Dropshipping eliminates both the financial expenditure and risks by excusing you from having a warehouse full of products that people might not buy.
By any means, being an e-commerce retailer is a full-time job that requires both money and effort investments to make your website stand out among the competitors.
However, by finding a unique and solicited niche and executing the right marketing strategy, you can turn your store into a robust money-making machine.
4. Consulting and Coaching
This is one of the easy online business to start.
In a highly competitive world, knowledge is true power.
If you are an excellent explainer and have ample experience and skills in a particular subject, consider sharing your expertise for a price.
Online tutoring business is one of the best online businesses to start from home.
You can make use of Skype, Zoom, Google Hangouts, FaceTime and other services to carry out individual and group-wide sessions.
Of course, you can benefit from your website or blog for promoting your product and yourself, as a teacher.
Let’s have a look at the website created by Timothy Sykes.
He is able to earn ~15-20 millions of dollars by teaching people how to manage trade stocks using the strategy he developed himself.
Initially, Timothy launched his blog as a way to promote his book.
Another example, Brian Dean, a creator of the well-known backlinko.com.
This site is a Bible for every SEO-specialist and content marketer who wants to promote their brand or product. The blog contains useful tips, advice, stats, use cases that help to build an actionable marketing strategy.
Brian monetizes the blog by promoting its own SEO Training courses which are popular with many entrepreneurs.
After all, it is much easier to market your coaching services if you also have a blog on your coaching topic.
5. Domain Investing
Investing in domain names is quite similar to real estate investments. The only difference is that domains are digital assets while buildings and land are physical ones.
Domain names are essential to make a website. As far as online success starts with a great domain, .COM is still the king.
This allows you to make money by buying or registering promising domain names and selling them to other companies at a higher price – just like real estate.
Some companies are ready to offer an exorbitant price to buy a brandable domain they want.
In order to be a great domain name investor, you need to be informed about the latest trends in the industry.
As such, the cryptocurrency domains are hot property since blockchain technology and bitcoins have become mainstream.
Crypto-related terms have value when it comes to web domains. Just look at the prices of cryptocurrencies domain names for sale. You will be surprised!
When we are talking about what is the best online business to start, we generally mean zero or small investment involved.
But this model is not the case.
Domain name buying requires money investments. Besides, you’ll need a lot of patience as you will be holding onto those names while waiting for a good offer.
However, even if one of the thousands of domains is sold for a good price, you’ll bank in huge money. Besides, this business doesn’t require either significant efforts from your side or full-time presence.
If you have some ideal money I recommend to invest it in the Domain investing Online business ideas.
Looking for More Good Online Businesses to Start
Are you looking for more good online businesses to start & want step by step approach with some cool pro tips?
You should grab this FREE ebook on online business ideas to make money.
Final Words on Best Online Business
There has never been a better time for starting an online business, thanks to Internet technology.
In order to turn your hobby into a profitable side hustle or even a full-time job escaping the 9-5 rat race, all you need is a laptop with an Internet connection and online business to start today.
Feel free to take a few ideas from this article.
Just be sure to report back here and let me know which is the best easy online business to start.
If you have any best online business to start that are worth mentioning, drop them in the comments below!
This post has been written by guest author: Alex Husar, a CTO at Onilab. He is involved in a variety of projects and likes to share the unique expertise that he got within 8 years of working with eCommerce businesses.