Starting an online business is both challenging and rewarding.
Looking at the buzz all around us created by internet, dot.com millionaires, and even the startup culture, at some point we all have dreamt of starting a business online, and the reasons we have thought of doing that are also quite logical. An online business involves much lesser risk financially than setting up a physical storefront. And since its online the reach to potential customers is quite high and wide. You can work literally anywhere and make money online. However a lot of times we dream a lot more than we are prepared to do in real life. But the truth remains; with some basic knowledge of website and communication skills anyone can start a business online.
So for the sake of the budding online entrepreneurs looking to build startups, here are a few great online business ideas to give you a head start in the right direction. While some of these endeavors can bring in a nice passive income, few of these online money making ideas can actually generate small or big fortunes.
1. Start a Listicle Blog
ViralNova is a blogsite that finds content from funny, inspirational and emotional stories on sites like Facebook, Reddit and Imgur. The it rewrites the content by adding their own points to the blog. This site was sold for $100 million!! Prior to that the site was making over $400k per month in ad revenue.
Point being that you can start your own blogsite with a sprinkling of creativity and a bit of promotion on popular social networking sites that will surely increase the traffic to your site. You can create your own content or rewrite the existing one with some theme attached to it. You will be earning money in no time.
2. Teaching online
Online tutoring is becoming quite popular these days. If you are an expert in certain skillsets you can actually put this expertise to good use by conducting online classes. Some of the ideas that you can build on are, teaching a language, teaching someone how to do taxes, create a YouTube channel to educate people on Yoga, healthy living, meditation etc. There are a countless things you can teach people online while generating income out of it.
3. Sell Your Own Brand
If you have a talent for creating distinctive images, here’s another idea for you. If these creations can be easily printed onto various products you can easily make money. You can upload your designs on websites like CafePress and if someone likes your designs or images the company prints these designs and ships the product. You can create designs for books, T-shirts, calendars, greeting cards, bags, hats or posters and earn commission over every design that is sold. Look for sites such as Zazzle, Lulu and Teespring.
4. Educational blogging
Here’s another one for people good with their writing skills. Think about any particular knowledge that you know of and could be helpful to others. The information could be about anything, cooking tips, DIY tips, home repair, life, travel, languages and many more things. All you have to do is choose a free blog template and start writing. Some ways you could make an income include, but are not limited to:
* Using Google AdSense
* Starting an affiliates program
* Creating webinars
* Offering online courses
5. Domain Selling
This particular idea idea doesn’t require too much of hard work, except that you need to have a foresight and what could gain popularity in the future. You can buy and sell domain names for an enormous profit. Domains may cost approximately $10 to register, however it could be sold for thousands and sometimes even millions. Once you have a domain name available that you think might earn you money you can list it on Sedo.com Market place.