It isn’t a secret that the key to financial independence is predominantly the concentration on proper business rather than on the other’s. Starting and maintaining an online business allow entrepreneurs to benefit from the freedom to make money remotely from anywhere in the world. The idea is appealing and more possible than ever, but many entrepreneurs struggle with the decision of how to get started. The Witch model of online business they should choose? The ability of online business models can confuse entrepreneurs. The crucial step in starting a profitable online business is finding a business idea that matches your skills and strengths.
Regardless of your intention are looking to become a full-time entrepreneur or just to start a part-time business to obtain a passive online income, your product or service should fulfill a specific consumer need. The key to any business success is a specific problem revelation. In this article, you will find a series of profitable need-based businesses, with minimal startup costs, that you can start as soon as possible.
1. SEO consultant
If you know the ins and outs of search engines and have technical skills in platforms like Google Ads and Google Analytics, becoming an SEO consultant can be a profitable opportunity for you. Many small business owners don’t realize how much of an impact search engine optimization (SEO) can have on their business. Start your online consulting business by educating those business owners on how to leverage SEO to help improve their websites and grow their conversion rates.
You can use your marketing skills to show business owners the benefits of using analytics data, strategic keywords and content structure to gain more organic web traffic. If you are unfamiliar with SEO or want to brush up on your digital marketing skills, you can reference Moz’s Beginner’s Guide to SEO. Keep in mind that Google’s algorithms are always changing, so SEO is something you will need to continue your education on to stay relevant and successful in this field.
2. Small business consultant
If you have a great deal of business experience and knowledge, why not create a business that helps entrepreneurs to find success? As a business consultant, you can use your experience to help new business owners avoid some mistakes and get a good start equally help experienced entrepreneurs maintain their markets. Your chances of success may be higher if you focus your strategy on a specific niche aspect of business consulting.
To add to your trustworthiness, demonstrate your expertise and bring in clients, it is helpful to be present in the digital business community. Moreover, you can contribute to small business communities like business.com or write business articles on platforms like LinkedIn.
3. Social media consultant
The importance of social media is frequently underestimated by business owners. The big enterprises can hire an agency or full-time staff employe to run their social media campaigns, but small businesses often need to handle their own social media marketing. Charged with so many responsibilities, business owners are usually too busy, overwhelmed or undereducated about the importance of a social media role to spend time developing and implementing a great social media strategy. Being a social media consultant, you can help small businesses detect the best tactics, posting schedules and content for their target audience. As their follower count grows, so will your business.
Facebook and Twitter are still the top business networks, but businesses often tend to struggle with more visual platforms like Instagram, Pinterest, Tumblr, and Snapchat. All of these platforms have huge consumer audiences, but many businesses don’t realize how big they really are, how effective they can be and how to benefit from their potential. If you have a background in social media marketing and a passion for photography, focusing your consulting business on one specific platform, like Instagram, can be a great way to make money while helping other businesses perform their content and achieve their business goals.
4. Niche market e-commerce retailer
You need to precise your area of activity. You can find an audience for everything you design to sell, even if it’s as specific as dollhouse furniture or organic dog food. With a niche e-commerce store, you can reach customers who seek your specific products. Building a business in a niche market can help you differentiate yourself from other brands and build your credibility and expertise. Look to social media or your own consumer needs to come up with a product to sell online.
To get your e-commerce business up and running, all you need is a web hosting service with an integrated shopping cart feature or e-commerce software. To simplify the shipping process, you can work with vendors to ship products to customers on your behalf. This can reduce the amount of inventory you need to keep onsite.
5. Web designer or web developer
If you are a creative, digital professional who thrives on forming the layout, visual theme, font set and color palette of a website, freelance web design may be a good path for you. If you have little to no experience in this field, you can learn the basics of web design and master the tools you’ll need for success, like Adobe XD, Chrome DevTools and text editor software.
Put your technical and creative skills to good use for business owners who want to take their online presence to the next level. Build a comprehensive portfolio, and then create your own website to show it off and attract a steady stream of clients.
Starting a blog may seem like an outdated business strategy, since nearly everybody already has one, but the competition should not confuse you from starting this online business journey. Each hard work always paid off. If you enjoy writing or have important information to share, blogging may be a profitable online business for you. Starting a blog as a business is very simple with website builders like Weebly and WordPress, but the key to success is consistency and value. To gain a stable audience, you must continually write and produce high-quality content that provides value to your readers. Content that educates, informs or entertains your readers gives them a reason to follow you.
Once you’ve mastered the creation of consistent content, you can make money through your blog by selling products like online courses, digital coaching, e-books or webinars. You can also sell ad space or sponsored posts. This business strategy may take a little more time and effort to monetize, but it can be very profitable in the end.
7. Virtual assistant (VA)
Do you have impeccable organizational skills and task management abilities? Maybe it’s time to put those skills to good use by becoming a virtual assistant. VA services typically consist of basic administrative tasks like entering data, making travel arrangements and answering phone calls. Previous experience in this field is ideal but not required.
Companies like TaskRabbit and Zirtual make it easy for VA professionals to find jobs. They allow you to create an online profile and sign up for tasks you want to complete – including data research, virtual assistance or running errands – and begin building clientele.
8. Affiliate marketer
If you love leaving customer reviews on sites like Amazon, it may be advantageous to look into affiliate marketing as a source of income. Word-of-mouth advertising is still a huge lead generator for many companies, and a lot of businesses are willing to share a portion of their profits with persuasive individuals who will promote their products to the public.
Affiliate marketing can be broken down into different levels of involvement: unattached, related and involved. Unattached affiliate marketing is a basic pay-per-click affiliate marketing campaign that requires little to no involvement with the product you are promoting. Related affiliate marketing requires you to have some authority and content on the product you are marketing, but you don’t personally use the product. Involved affiliate marketing is perhaps the most effective, as you’ll be marketing an affiliate product that you actually use and enjoy.
If you have a personal website or social media presence with a large following, affiliate marketing may be a profitable approach for you. PR reps are always seeking out brand advocates and influencers they can send free samples to.
9. Remote tech support
Many small businesses don’t have room in their budgets to hire a full-time IT employee, so when their systems go on the fritz, they’ll usually call a computer-savvy friend or family member. If you are tech-savvy and have experience working on computers and networks, you can eliminate their need to call in a favor by offering immediate remote technical assistance.
Although some businesses may prefer you to have a technical degree, many will look to your experience and knowledge instead. You can start to build your remote tech support business by reaching out to friends, family and local business owners about their tech support needs. You can also find freelance tech support gigs on job boards like Upwork.
10. App developer
If you have an app idea but don’t know the ins and outs of coding, there are plenty of software developers looking to collaborate with people on app creation. Depending on your situation and know-how, you may be able to make a lucrative business out of app development.
All aforementioned online business models are worthwhile and able to create a steady source of online income. It’s up to you which type of online business is closer to your hearth. Regardless of your choice remember that success can’t come to you immediately you should attract it with your patience and self-discipline. We all have only one chance to realize our dreams. So do your best.