(Updated on 10th May 2019)
Vishal Awasthi, the 42 year old System Engineer with a promising career, decided to submit his resignation the day he realized the corporate world has nothing more to offer to his personal and professional growth. He started researching for suitable small business online ideas and finally zeroed in on “tech consultancy for startups”. Soon he explored few more related small business online ideas to expand his existing setup.
The sagacious decision of quitting the 9-5 job became the turning point in his life. The way he utilized small business online ideas, enabled a gradual accretion of wealth. Now he is quite happy and relaxed with his swanky opulent lifestyle envied by most of his co-workers.
If you are a dream-chaser like Vishal, bursting with verve and energy to start a venture of your own, then you might be interested in some of the small business online ideas as illustrated below . But before that, check out few facts about online business.
Why The Time is Right to Start a Small Business Online
With the internet increasingly becoming ubiquitous in everyday life, there is no time like the Present to start your online business. Thanks to the exponential growth rate of smart devices, there is an inordinate amount of online transactions happening every single second of the day. The question is, how can you take advantage of this explosive surge of online spending? This document, provides a pan-optic view of innovative and promising small business online ideas that can be started with modicum or no amount of investment at all.
Start a Facebook Fan Page
Do you curse yourself for spending too much time on Facebook? No need to feel guilty anymore! You can now make easy money by being a little creative on the world’s favorite social media website.
All you have to do is to target the most profitable niches. Then you can create niche fan pages, post photos, videos, and updates a couple of times per day. Some of the super-targeted niches on Facebook are self-improvement, beauty therapy, pets, fitness, and weight loss.
How it Exactly Works?
The idea is to post engaging content that inspires your fans to share the information within Facebook. When a post is shared several times, it goes viral. This ultimately helps drive thousands of visitors to your fan page. The simple trick opens up a plethora of opportunities to monetize your time and effort. There are a variety of ways to earn money from the visiting traffic, but the widely adopted method is affiliate marketing.
Affiliate Marketing – One of the Most Popular Small Business Online Ideas That No Marketer Can Ignore
This online business model is greatly appealing. It lets you make money without having to deal with the intricacies of business, such as product creation, business relationship, customer support and the like.
All you have to do is to draw traffic to your blog, YouTube channel, or Facebook fan page. The ulterior motive is to facilitate a sale through affiliate links of online retail sites like Amazon, Commission Junction, or ClickBank (CB).
How it Precisely Works
As an affiliate, you can sell digital, as well as physical products, and earn commissions to the tune of 10 to 50 per cent on product sales. Amazon is indubitably the place to be to start your online business as it shells out billions of dollars in commissions to its affiliates.
Create a Youtube Channel
From Daniel Middleton to Logan Paul, Felix Kjellberg to Jake Paul, and Lilly Singh, there are thousands of stars in the pixelated world of YouTube. They are making millions of dollars in hard cash. YouTube sensations are all over the place, and all it takes is a great idea to be one. Tech-giant Google’s web and app-based video sharing platform YouTube, with an insane 5 billion traffic per day, is without a doubt the gold mine that has something for everyone.
How to make it work for you?
You can easily conduct online courses, launch a channel of your band, post DIY tips and tutorials, upload activities of your pets.
In short, you can share anything under the sun that is funny, interesting, and informative. No matter whatever your niche is, the traffic your channel generates, instantly translates into money.
You can monetize your YouTube channel by selling your own products, affiliate products, or through Google’s AdSense for YouTube.
Blogging – The Guru of Small Business Online Ideas
The fastest, easiest, and the most inexpensive technique to kick start your small business is to build a blog. Blogging is a great way to attract an overwhelming number of internet traffic. Make no mistake, blogging has made people millionaires and billionaires in a short span of time. There is a myriad of systems that bloggers deploy to monetize their blogs.
Can Blogging really make money?
Some of the most common practices that help make good money are Google AdSense, affiliate marketing, selling guest posts, and banner advertising. You can post anything from cooking tips to product reviews, or online albums. But to start with, make use of the world’s most preferred content management system, the WordPress. A WordPress blog is one of the top-ranking small business online ideas to generate a passive income from the word go.
If you are serious about blogging, first you need to check out the top blogs in your niche. Nowadays, micro blogging has become the trend as it is making real money for serious bloggers.
Market Your Designing Skills
If you are a designer with impeccable Photoshop skills, then no one can stop you from making fast bucks from the Internet world. Graphics designing is a high-paid skill set. If you have the creative bone, you can start an online business right now.
There are two ways to monetize your design work. You can start a blog and take direct orders from private clients. Else you can market your graphics templates on design marketplaces like zazzle, 99designs, DesignCrowd, and Graphics River.
Do a Google search to explore the top online marketplaces that offer designers a platform to showcase their artwork. Check out the top-selling categories to get a feel for designs that sell.
Become a Virtual Assistant
Are you interested in desk job assignments that pay you in the range of 10 to 25 dollars an hour? Well, you can make much more than that, if you are an expert in handling administrative workload.
Today, millions of entrepreneurs and busy professionals offload their secretarial jobs to virtual assistants. They efficiently accomplish tasks like scheduling a meeting, sending and replying to emails, or feeding data into excel sheets.
In this fast-paced world, virtual assistant support is one of the top-trending small business online ideas that pays you from the very first hour. However, if you are planning to work for big companies with massive, mission-critical workload this business may demand a small investment,
Start a Domaining Business Online
Domaining is very much like the real estate business, except that, in this case, you will be dealing in cyberspace instead of a physical real estate. The inherent constituent of real estate dynamics – ‘speculation’ – is present in this business as well.
In this speculative business, there are instances of people making hundreds and thousands of dollars with investments as low as ten bucks. Nothing like it, if you can manage to acquire a list of existing and upcoming local businesses that do not have a website yet.
How to Make it Work For You
You can buy a combination of domain names at a cheap price, and later, sell them at a profit. Besides direct marketing, you can also make big money by selling the domain names owned by you on marketplaces like Afternic, Flippa, Sedo, Brand Bucket or GoDaddy Auctions. The best part is, domaining is one of the very few small business online ideas that requires no prior experience or expertise. Simply follow the rules of a website flipping business and make money in no time!
Teach Foreign Language– One Of The Small Business Online Ideas With Huge Earning Potential
If you have had the opportunity to learn languages such as Spanish, French, or Chinese, you can leverage your linguistic proficiency and make money online. The skill that you probably take for granted can turn out to be a big money-earner. Foreign language teachers are in-demand, and if you are not utilizing your skills, then you are missing out big time.
What should you do?
Contact interested learners using video telecommunication applications like Google Hangouts or Microsoft’s Skype, and you are ready to go. Time, in an online business, is money. So, fix an hourly rate for your teaching sessions, and charge accordingly for the service you are offering.
Be a Private Chef – An Opportunity To Turn Passion Into Profession
If you are passionate about cooking, then the internet is full of opportunities to turn your passion into a business venture. All you need is a decent website to showcase your cooking skills to a wide range of audience.
How do you turn your passion into a profitable startup?
If you are someone who is not camera-shy , then you can start subscription-based online cooking classes. Another good idea is to launch an Youtube channel to offer health and nutrition tips.
Start 3D-Printed Product Business – One Of The Unique Small Business Online Ideas To Try Now!
3D printing, one of the key technological breakthroughs in this digital era, is all set to transform the world of e-commerce. No wonder, young entrepreneurs are seriously considering it as one of the lucrative small business online ideas.
So what can you do to harness this new trend?
Check out Danit Peleg or 3DigitalCooks to learn about the ins and outs of the 3D printing business. Consider few hot-selling 3D-print products like jewelry, technical accessories, bicycle parts, and home accessories. You can sell your 3D-printed products via your own e-commerce store, or on any third-party website.
Offer Service as a Makeup Artist – One of the Creative Small Business Online Ideas
To get started with this unique online business, all you need is a professional website and a powerful portfolio. If not a website, you can start with a Facebook Page or YouTube channel. It’s better if you can pick up a niche, e.g. makeup tips for busy lady bosses or beauty tips after 60.
How do you generate revenue from this niche?
Apply the right content marketing strategies to promote your services and products. Once your business starts gaining momentum, you can start selling beauty products and makeup tutorials, as well as bill your clients for customized makeup tips. Another unique idea is a subscription based delivery model where you offer to deliver custom makeup kit to the subscriber every month, against a fixed price.
Be a Dating Coach or Consultant – Undoubtedly one of the Popular Small Business Online Ideas
In today’s fast-paced life, a lot of people rely on online dating sites to find their perfect match. But many, unfortunately, remain unsuccessful in their endeavors. Thus the field is open to make money online as a dating coach or consultant. You can simply start the service with a Facebook page or online chat.
What are the responsibilities of a dating coach?
Being a dating advisor, you have to help your clients overcome their weaknesses. You need to fine-tune their individual strengths so that their confidence level gets a mega boost.
It is your responsibility to advise clients who are unlucky in love and help them develop interpersonal skills which ultimately leads to finding a better match. You can chose to work in person/offer online service or a combination of both.
Offer Services as a Public Speaking Trainer
From delivering messages at conferences to pitching ideas to investors, public speaking skills can help win toughest situations. But speaking in public before a huge audience, can be a nightmare for many.
How do you make money as a public speaking trainer ?
If speaking onstage is your natural ability, then this is one of the best small business online ideas which can make fast money! Conduct online coaching lessons and share the secrets of your public speaking success. Approach individual professionals and entrepreneurs, who need to communicate smartly. Also, you can start corporate training classes for a handsome earning.
Earn as an Online Translator
Companies looking to expand their businesses worldwide, need translation services for various purposes, the prime purpose being is translation of important content. If you are fluent in more than one language, but not interested in teaching, then you can offer online translation service and make good money out of it.
How do you earn as an online translator
Connect with businesses, especially the ones with global presence. You can offer online content translation services (website/business blog/social media posts) in languages preferred by your target audience. There are many freelancing sites where you can find translation jobs, matching your criteria. You can charge your customers on an hourly / per word and even monthly basis.
Start an SEO Consulting Business
If you keep interacting with small business owners, by now you must have noticed how obsessed they are about optimizing their websites for search engines. The problem is most of them don’t have clear idea about how SEO works.
Grab this opportunity to start an SEO consulting business. However it is one of those small business online ideas where money doesn’t come easy! Often the customer expects fast result and may follow a hire-and-fire policy if you fail to deliver within 2-3 months!
How exactly does it work?
If you plan to enter the SEO consulting market, then you must be prepared to undertake lots of responsibilities. You must have clear idea about keyword research and mapping, SEO optimized content creation, link building, on-page and off-page optimization, search engine ranking, online competitive analysis, website audit and a lot more.
Few Words of Advice
Market analysts opine that e-commerce is set to be the new normal, as online shopping experience continues to improve. With the advent of path breaking technologies like 3D printing, augmented, and virtual reality, now is the time to boost your presence in the online space.
By putting to use any of these 15 insanely simple small business online ideas, you can instantly make your internet business a reality.
But be cautioned! An online business, like any other business, is not a bed of roses, nor a pleasure cruise, or a matter of serendipity. It involves the deployment of result-oriented strategies formulated through hardcore research work. Only the right strategy will eventually attract the right kind of traffic that drives sales and revenues.
Are you ready for the hard work? Then take your pick from the above mentioned small business online ideas to start a thrilling entrepreneurial journey!
And yes, you are most welcome to drop your opinion about the article. Feel free to write a few lines of email.
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