If you are looking to start an online business because you like the idea of being able to work from home or anywhere in the world as a freelancer, nomad or digital entrepreneur but are not sure what you can do, read this post.
Would you like to work from home and create an online business you love?
It’s 2024 and you’re ready to start your own business. Congratulations! But with so many online business options available, what should you choose?
Don’t worry – we’ve got you covered. In this blog post, we’ll explore 21 online businesses that are predicted to be successful in 2024. So whether you’re a freelancer looking for new opportunities or an entrepreneur searching for the perfect idea, read on for some inspiration!
Online business is the future. With so many entrepreneurs out there, this first step can be one of your hardest challenges- where you might find yourself lost on how to get started with creative juices flowing It’s easy when we put together 21 ideas for new online businesses that require minimal preparation or research!
The Internet is a place that is filled with endless possibilities. It is very easy to find a business model that makes money for anyone as long as they put in the effort to learn and work hard.
All that it takes is that you believe in yourself and believe that you will be able to free yourself from the shackles of your 9-5 job and you will be able to find the means to achieve it.
Contents
- 21 Profitable Online Business Ideas
- 1. Start Your Own Listicle Blog
- 2. Get Into the Domain Business
- 3. Sell Apps
- 4. Sell Your Design
- 5. Start Freelancing
- 6. Build Websites
- 7. Create WordPress Themes
- 8. Become a Blogger
- 9. Become an Online Affiliate
- 10. Get Started with Ecommerce
- 11. Social Media Expert
- 12. Stock and Forex
- 13. Sell Your Website Space
- 14. Write / Copywriting
- 15. Become an Online Marketing Expert
- 16. Share YourKnowledge
- 17. Sell Quality Photographs
- 18. Become a Virtual Assistant
- 19. Create Video Content
- 20. Podcast / YouTube Channel
- 21. Become a coach / mentor
- Conclusion
21 Profitable Online Business Ideas
1. Start Your Own Listicle Blog
The recipe is quite simple. Look for emotional, inspirational, interesting stories on Facebook, Reddit or wherever you wish and rewrite the short stories into a detailed article. Set up your own site and publish the articles. There are a bunch of listicle blogs out there by now, however, the fact that Viralnova.com was sold for $100 million might get your motivation high.
Even though it seems like a simple business, monetizing your site might prove to be a bit of a challenge, however, if you know a few things about SEO and AdSense, there is a great chance for success. With a successful promotion, you will be able to pull in tons of unique visits per month, as it seems like we just cannot get bored of these stories.
2. Get Into the Domain Business
Even though you might think that the best deals have been made long ago, the domain business is still an ongoing thing. Lots of people buy and sell domain names to earn money as it requires only a small investment. With some thorough research, you can get an idea about what are the most trending domain names currently. This will help you to buy potential domain names which can be later on sold for a profit.
Look for domain auction websites on the web, as you can stumble upon expired names, which are back in the pool and available to buy. The chances are high, that you will be the next domain guru, who can make a profit with only a few clicks from home.
3. Sell Apps
Smartphones are everywhere and everyone enjoys quality applications. In case you feel like you are up for the challenge, start building apps. With a few clicks, you can get them into the Google or Apple market and start selling. Check for the latest trends and start developing. Overall, app building is a cost-efficient online business, which if done right, can get you great profit. You might need some time before getting things right,
however, in the long run, apps can get you the success that you’ve always dreamt about. As well performing apps can make thousands in ad revenue in each month, this might as well be a great choice for you.
4. Sell Your Design
If you are good with designing and creating unique images, you can simply start selling your own design. There are numerous sites out there offering the opportunity to sell your design in form of T-shirts, bags, mugs etc. The only thing to keep an eye on is to keep your creations printable. Once your ideas start selling, you will be receiving a commission for each sold piece. You don’t have to worry about shipping, or actually printing the design, the only thing you’ll be asked to do, is to upload your images.
The registration is free, there are usually no fees, however, before you would start, you should start thinking of your own brand. It always proves to be a great decision to come up with a catchy name at least, as people can follow your shop and will keep an eye on your work. By creating your own brand and selling creative images, you can gain a better reputation, which will lead to better sales.
Graphic design: In the field of internet marketing, graphic designers are also crucial. A good graphic designer can make a hundred dollars from excellent E-covers, blog banners, and site visuals for each project.
You can even offer the Photoshop PSD file to another company so that they may rebrand it on their own websites.
Graphics have a tendency to sell themselves, which is one of the reasons graphic designers (and artists) are always in demand.
People do tend to judge a book by its cover, and it’s critical to take advantage of this psychological principal. It might make the difference between making a sale and not making one.
5. Start Freelancing
There are numerous professional platforms on the web which offer the opportunity to start your own freelance career. These sites enable businesses to get that required extra help for their project success, while they enable freelancers to build their reputation and apply to various types of projects. Starting from graphic design, translation, programming to data entry tasks, you will find various projects which you can join. Build your own rockstar profile and start bidding to get your business running.
6. Build Websites
If you are into coding, offering a website building service can get you big bucks. Set up your own site and describe your services. Start advertising your service on social media and start a marketing campaign. Pay attention to the latest trends and keep up with them to attract as many customers as possible. As the world of web design is constantly changing, you will be needed to learn things constantly. You can get an idea about the latest design trends with a simple Google search.
7. Create WordPress Themes
Another option if you have a talent for designing websites, is to create your own WordPress themes and sell it. As many people look for easy and simple solutions to establish their online presence, WordPress themes are highly popular. You can sell your own designs for numerous sites and profit from your hard work.
8. Become a Blogger
Even though nowadays it seems impossible to get profit from blogging, lots of people managed to do so. If you are passionate about writing and have the right amount of motivation, you can give blogging a chance. Setting up your own blog does not require a lot of technical skills, however, getting high traffic is a different challenge. Picking a topic is always hard. If you are an expert in something, you might want to choose to share your own insights, which can help other professionals.
Whatever will be your topic about, you will need to invest time to build a strong audience. This will enable you to promote other brands, build new business relationships and finally gain profit. Blogging is rather competitive but if you are good with the words, you can make a profit.
Blogging is one of the simplest methods to try. It’s possible for almost everyone to start a blog. Even those who can’t write (such as picture blogs) are able to do so.
Strengths: You may write about anything you like! Concentrate on something that you’re passionate about and express yourself with the rest of the world. People will visit your blog if you have excellent material, and you may profit via advertising or affiliate programs. The initial investment is less than $12 and maintenance costs between $5 and $10 per month (You just
Weaknesses: It might take a long time to acquire visitors – a diligent blog writer who works slowly may leave his or her job in one to two years. If you want to achieve liberty in half the time, you must blog and network with other bloggers more aggressively.
Opportunities: You might not be able to picture yourself earning money at first, but you can blog for others (for a fee) or even join the PAY PER POST program and get paid to blog!
Threats: Every two seconds, there is a new blog or site. So you can see how fierce the competition is!
Suggested Course Of Action: Register a personal domain name right now! This is critical because YOU, the most essential individual in the world, must get a domain after your own name. Then you may begin writing about yourself.
9. Become an Online Affiliate
If you are up for making a few bucks online and would like to do it without developing any product yourself, becoming an online affiliate might be your best choice. Amazon, eBay and most of the bigger companies offer an affiliate program, where the only thing that you need to do, is to drive traffic to their site and get people to buy their products.
After each sale, you will be getting a considerable commission, where the top commission tier is around 8.5%. You will be also generating profit after users who sign up via your referral. You can either build a new site for a specific product type or add referral links to your already existing blog or website.
There are a lot of software and high ticket items where you can sign up as an affiliate and earn huge income by promoting other people’s products. This is by far the best way to get started with earning online.
Affiliate marketing is one of the most profitable internet business models. You can promote other people’s goods and earn commission for your efforts without interacting with or seeing a single consumer.
Strengths: In many cases, you don’t even need a domain name or a website. You may earn enormous commissions as high as 50% to 100%! You don’t have to worry about coming up with goods – all you have to do is drive traffic to the merchant’s website and watch your money come in (if you do it correctly of course).
Weaknesses: To get results, you must first find a strong affiliate program and increase page traffic.
Opportunities: There are no limits because new goods are continuously launching every day, and affiliates are required all around the world!
Threats: You’re up against THOUSANDS of competitors out there, including your own affiliates. Some programs even have two-tier systems, with established affiliates undoubtedly having dozens of affiliates beneath them.
Suggested Course Of Action: Register as an affiliate with JVZoo , Commission Junction , Clickbank or Amazon . Find products to promote – especially those that have a lot of ‘gravity’.
10. Get Started with Ecommerce
Shopify and Woocommerce make it easy to set up your own online shop in a second. In case you have a product in mind, you can easily start selling online, while there are also several
methods, like drop shipping available which can save you from a headache when it comes to storing or delivering products.
Check out Thrive cart
Or Learn how to sell digital products here
11. Social Media Expert
With the growing popularity of social media, large corporations are in need of professionals who can manage multiple social media accounts at once. Look for social media expert/consultant opportunities and be prepared to implement, or in some cases even create a social media marketing plan for the company. If you have professional experience and you know how to turn social media connections into customers, this is your best choice.
12. Stock and Forex
The stock and forex market is considered to be a risky investment, however, there are numerous success stories all over the web. In case you have previous experience this might be a great opportunity to start your own online business. By exchanging foreign currencies and stocks you can earn a considerable profit, however, it is always advisable to start out small.
13. Sell Your Website Space
In case you already have your own blog or website, you can work together with advertisers and sell a portion of your page. This way, you can earn money each time the ad placed on your site is clicked. The CPC (cost-per-click) model is based on the level of traffic to your site, and the CTR (click-through-rate). You can further enhance your profit by utilizing SEO tools and Google AdSense. There are numerous other tools that can help you maximize your advertising potential and get a great profit.
14. Write / Copywriting
If you want to solely focus on writing without worrying about the various marketing aspects that come with an online business, you can do that also. Either by writing for other sites or blogs, you can get paid per article. E-books, topics that require special knowledge (marketing, legal, pharmaceutical etc.) will get you higher-paying projects. You can also become a professional copy or content writer or editor. Freelance writing is getting more and more popular, so if you have a talent for writing, you should consider this new career path.
Among Internet marketing groups, a writer is always in demand. You’ll be able to make money with ghostwriting, copywriting, blogging, article writing, newsletter publishing, and content development.
Contrary to popular belief, writing an E-book is one of the most difficult tasks a person can undertake. Nobody with any sense would produce E-books unless they have a flair for writing (unless they are prepared to make huge sacrifices for their financial objectives).
Writers are also an extremely valuable resource when it comes to launching new products in Internet marketing. If you’re willing to offer your writing talents to topics such as sales letters, E-courses, and promotional E-mails, you’ll be able to locate joint venture partners easily.
Check out Jasper AI. This is a fab writing tool that can help you speed up and create awesome content.
15. Become an Online Marketing Expert
Do you have experience with SEO? Do you know what SEM is? You have yourself a career in the world of online marketing. Once a site has been optimized for SEO and is full of rockstar content, it is time for the SEM (Search Engine Marketing). In case you have experience and professional knowledge about promoting techniques around the web, the chances are high that you can get an online business running. As usually these tasks are outsourced by companies, there is a vast pool of potential customers out there. Also, a great chance to get a huge profit!
Webinars have brought online education to a new level. In case you are an expert on a topic, you can share your knowledge online and make an extra income in your spare time. There are numerous platforms on the web which offer courses on various topics, while they also enable professionals to sign up as online tutors. Dedicate a few hours a week to sharing your insights and you can easily end up with a new passion and source of income. Transform your skills and knowledge into an online business. This is what I help coaches, consultants, experts and authors do best. Any questions do reach out.
Also, Check out:
17. Sell Quality Photographs
The era of stock photos is slowly coming to an end, as web designs are aiming to feature unique, quality photographs. If you are a passionate photographer, you have numerous options to sell your pictures online. Putting quality material on the web will get you a great opportunity to generate revenue, while if you also focus on creating your own brand, you can get higher chances for an even bigger profit.
18. Become a Virtual Assistant
As all businesses are in need of a helping hand to run their everyday administrative tasks, there is a great chance to land a full-time virtual assistant job. This work from home type of job will get you flexibility, while you will surely not get bored, as virtual assistants have to deal with several types of tasks. If you have a phone, an internet connection and a skype account and some office experience, you might as well get started right away.
19. Create Video Content
Since the popularity of video content is on the rise, especially when it comes to online marketing, if you have experience with video content creation, you can surely get a business running. Offer video packages to potential clients, look for online projects to participate in and most importantly have a compelling portfolio. Video content can get you a huge profit, but only if you have the required technical skills and marketing knowledge.
20. Podcast / YouTube Channel
Are you an entertainer? Well, it might be time for you to hit the virtual stage and show people what you got. With the rising popularity of podcasts and YouTube channels, you now have the opportunity to build a huge audience and share your ideas. Either if you are planning to comment on daily political events, or you would like to create gameplay videos, you can with a few clicks. There are millionaires who became wealthy thanks to the online community, so don’t be afraid to step out there and let others enjoy your talent.
Also, check out:
21. Become a coach / mentor
Most people who have overcome a problem don’t know that they can make a business out of it. For example, if you were obese and lost weight you can be a coach or mentor for others to lose weight. You don’t need to be certified in anything or create any courses, you just need to know the principles that you followed in overcoming your problem and then helping others.
Making money by helping people overcome a problem you have overcome is a simple but profitable business model. People who can relate to you will be willing to pay one to get over the same problem. An alternative market is to become a coach or mentor on a subject of your expertise. You can do that online or offline in several different countries.
Becoming a Coach or Mentor is an easy and exciting way to start your own new home-based business. What To Do First Step one is to identify what your passion, knowledge or success is that you can share with others…. The many benefits of training are numerous.
Training helps improve skills, increase knowledge, and take a person from one level to another. Learning how to overcome challenges and obstacles that come in the way of becoming successful. Successful coaches inspire growth, confidence and clarity of vision that gives their clients the ability to succeed in all areas of their lives. Boosts creativity and innovation in team members by helping them become more open-minded about change, potential ideas and possibilities
Coaching also implies an ongoing relationship. A coach is not a consultant who gives you answers; rather, the coach is someone who can help you find your own answers through a process of discovery and personal or professional development.
Typically, the coaching relationship begins with an initial coaching session to help define where you are and where you’re going. After that, a coach will help you set up some goals and a sequence of actions to achieve them. Then, on each call, the coach will ask about your progress on those goals and help you keep yourself accountable for what you’ve committed to do and also offer suggestions for how to achieve each goal.
Also Check out:
Want to transform your skills and knowledge into an online business? Feel free to get in touch.
Conclusion
So there you have it! 20 online business ideas that you can start without doing a lot of extra research or preparation. If you’re feeling stuck and don’t know where to start, this list is for you. And if any of these businesses appeal to you and you want help getting started, feel free to get in touch with us. I love helping entrepreneurs grow their businesses and would be more than happy to assist you in starting, maintaining or growing your new online venture. What business are you most excited about starting?
Digital Business Coach | Web Revenue Strategist | Award-Winning IT Consultant | Author
Transform Your Skills, Knowledge and Experience Into a Thriving Online Business
Get Expert Guidance and Bespoke Growth Strategies, Meticulously Crafted to Align with Your Individual Journey as a Subject Matter Expert.
With over 18 years of industry experience in business and personal development, I’ve successfully been working with coaches, consultants and authors set up the right systems and implement strategic content strategies to start, grow and scale their businesses online with automation, digital products and services. (To work with Jatinder – click here)