Online Business Ideas
Technology enables entrepreneurs to create a business that is wholly operated in a digital environment. This will decrease overhead costs and offer you freedom should you need to run your business on the move.
131. Online Store For E-Commerce And Drop Shipping
You can open an online store to sell your own products, or you can re-sell products you bought through another online store.
How to start this business idea
You’ll need to decide if you’re going to make products to sell or re-sell other items, once you’ve decided you need to setup your website and start marketing it.
How to keep this business idea successful
Ensure you keep offering new, exciting and on trend products for a reasonable price. You should also keep advertising your online store to find new customers.
132. Building Apps
The demand for new and creative apps is higher than ever before. People use countless apps daily. Taking the time to develop and sell smartphone apps can be a lucrative business idea.
How to start this business idea
The apps cost almost nothing to develop and don’t involve any additional overhead costs, which expands your overall profit margin. Well performing apps can make thousands in ad revenue each month, making them a great form of passive income.
How to keep this business idea successful
An app is like a business, you’ll need to find a gap in the market and ensure your apps continue to remain competitive.
133. A Digital Product Or Course
Creating a digital product or course is monetising your experience in the form of an eBook.
How to start this business idea
Compile a resource, whether it’s an e Book or a webinar. You can then post it to an academic site or on your own website and market it yourself.
How to keep this business idea successful
Once you find a successful way to market your product it will almost passively earn you income. You can continue to compile resources so that you get return customers.
134. Chatbot Making
Chatbots are designed to simulate conversations with online customers. Using free and user-friendly programmes you can design them yourself.
How to start this business idea
You should gain experience developing chatbots, then target smaller businesses looking to increase their online presence without employing more people.
How to keep this business idea successful
Keep learning new skills and offer new products to your clients to ensure they keep using your service. The more knowledge and experience you have the less competition you have as many business will stick to entry level knowledge.
135. Buying And Selling Domain Names
You can buy domain names (website addresses) you think will become popular and sell them after they becomes popular.
How to start this business idea
After doing some thorough research you can start buying and listing domain names. If you’re getting it right, you could make a significant amount of money reasonably quickly.
How to keep this business idea successful
Don’t rush into it, ensure you know what types of domain names are popular or will be popular. Keep an eye on the global market to ensure long-term success.
136. Creating A Profitable Blog
A blog has very specific type of content, which you can monetise and earn income from.
How to start this business idea
You can monetise your blog, if you have enough people visiting your site. To ensure you have high volumes of people visiting you’ll need to write about something that a large amount of people are interested in, and make sure they know about it by marketing your blog correctly.
How to keep this business idea successful
Post high quality content frequently, and ensure you keep the majority of your following engaged on a daily/weekly basis.
137. Become A Virtual Assistant
Every business needs help with the day-to-day administrative tasks. Virtual assistance can perform duties, such as paying bills, making travel arrangements, managing expense reimbursements.
How to start this business idea
You can connect with smaller businesses and offer them your assistance. You can do this work from home as long as you have a solid internet connection.
How to keep this business idea successful
If you’re good at organising your time you can assist more than one company with their administrative duties. But ultimately you need to make your service invaluable to the company to ensure they keep you around.
138. Website Flipping
Since customers use a business’ website to decide whether they want to buy from them or not, a websites appearance and interactivity can determine its success. You can purchase an underperforming website, optimise it and sell it for a profit.
How to start this business idea
To make a success of this business you’ll need web development skills, and the ability to see which website has the potential for improvement and will offer you the largest return on investment.
How to keep this business idea successful
Once you’ve gained experience flipping websites you can also offer your services to businesses to improve their websites.
139. Online Real Estate Investing
There are now online real estate investing platforms that enable anyone to invest a percentage into a property instead of the whole amount. You can use a platform full-time as your income or you can start a platform yourself.
How to start this business idea
If you’re investing in an existing platform, ensure to do your homework and investigate every platform and property before investing. If you’re looking to launch a platform, you’ll need to create a way for others to invest in properties.
How to keep this business idea successful
Ensure you market this idea to everyone and anyone, as crowdfunding platforms enable smaller investors to own shares with smaller amounts of money.
140. Online Transcription Platform
Online transcription platforms offer money for your ability to transcribe their audio files.
How to start this business idea
This could be a full-time income for you, whether you’re starting your own platform or completing the transcription projects yourself. If you’re developing a platform, you’ll need to offer this service to businesses and do it yourself until you have enough work, to offer employment and income to others.
How to keep this business idea successful
The more languages you can offer the more projects you can get. This will also increase your customer base.