Top 10 Online Business To Start In 2018 - Miles Beckler

Top 10 Online Businesses To Start In 2018

With an online business, you can get it up and running anywhere and anytime you want - without having to shell out tons of money.Click To Tweet

Tired of your 8 to 5 job and hoping to make money even while in your PJs?

Can’t blame you for thinking that way. After all who wouldn’t want to earn some cash in their sleep, right?

But before you toss the towel and jump in to just about any online business there is, you gotta figure out what works best for you - something leaning towards your hobbies or interests so that you can have fun along the way.

You see, people from all over the world need help to meet their goals.

Maybe they want to get healthier through a plant-based diet. Or perhaps to learn how to surf, play the guitar, need to buy parts to build racing drones, manage their time better, gain muscle, lose weight…

If you’ve got the skill and know-how to assist these folks, provide solutions to their needs and wants, then you just have to go for it!

Isn’t it amazing how you can help people, give something of value to others, make some profits along the way, and do all of these by just using your computer or mobile phone and a good internet connection?

Go online, and you’re sure to find endless opportunities waiting for you - and it’s time to make them all happen!

Why Start An Online Business?

 
If you'd prefer to listen to this content from the video above, play it or download it from the podcast episode below.

How would you like to start making some serious cash while at the same time setting your own work schedule and choosing any place in the world you want to live?

That’s the beauty of an online business.

It feeds your wanderlust and allows you to travel as you stay on top of your cash inflow.

No wonder a lot of people are getting into it and slowly tearing themselves away from the daily grind of working 40+ hours per week.

There are even those who choose to do it full-time and ditch their day jobs.

I mean, if the income is double, triple, or maybe even 10x their previous paycheck, what’s holding them back from diving in entirely, right?

“Sounds pretty cool. But how do I get started?”

If you’ve got a passion for something, be it writing, selling, coaching, marketing, or maybe some IT skills, then you certainly have just what it takes to make it happen.

With an online business, you can get it up and running anywhere and anytime you want - without having to shell out tons of money.

And trust me - anyone can do it.

You don’t need to have a Ph.D. or an inch-thick collection of training certificates to get started.

“So you’re saying I can just dive into any online business, and I can make as much as I want?!”

Possible. Top 10 Online Business To Start In 2018

But as with any business, it takes time to take off.

It may take a few years to be truly established, but all of the online businesses on this list can begin to turn a profit relatively quick.

There are DOZENS of options out there, and you can even take on as many online businesses as you want. But it helps to know a thing or two about how it works and the ROI.

So basically, when choosing an online business to start, you want to make sure it hits these three points:

- Freedom to live anywhere you want

- Flexible work schedule

- High-income opportunities

It’s almost like semi-retiring early, except you don’t have to wait until you’re old and gray, and you can keep $$$ coming even without leaving the house or while you’re snoozing the hours away.

Sounds like an awesome deal overall, right?

All of these online businesses provide the opportunity to make money fast. The key to real success is a long-term vision though.

Choose one and get going, hold integrity at its highest level, because you want to build a relationship with your first customers that keep them purchasing again and again.

When you do this right, you will not have to start from zero again.

Start from zero once, sell excellent products and services, take care of people and build a lifestyle business.

Now let me share with you some of these super cool online businesses that may just be what suits you best.

1. Selling Information Products

Selling Information Products

Do you know more than the average person out there about a specific subject or skill set?

If you’ve got skills or knowledge about a particular topic, a step or two ahead of the others,  then you can bring them further and make some cash along the way!

Establish yourself as an authority in your niche and be the best in it.

Something you’ll never grow tired of learning more about.

People create their YouTube channels and websites, conduct webinars, or write eBooks to share their expertise with others who may be willing to subscribe or even pay for what they have to offer.

Got plenty of travel hacking tips?

Know enough to teach people how to do digital marketing?

Whatever that niche may be, as long as you’ve got skills and the strong desire to learn continually, then you can sell these solutions in the form of an information product.

It doesn’t take much to get started with this type of business.

Set up your blog, shoot those videos, advertise on Facebook, and build an audience.

If you’ve got authentic information to share, something that’s not just regurgitated info, then you’ll gain people’s respect and confidence.

Once you get people hooked on what you’re selling them, they’re yours.

Hello, passive income!

2. E-book Writing

E-book Writing

Back in the day, several aspiring authors did it this way - Type the hours and nights away to finish their manuscripts, carry the thick pile of paper to a publisher, and get rejected on their first, second, third attempts before finding one who’s willing to publish their work (sometimes with a fee).

But now, literally, anyone can be an author!

And yes, no more running around, searching for a publisher.

Even if your writing sucks, but you want to make money selling eBooks, you can make it happen.

Hire a ghostwriter and get your book published on Amazon.

If you’ve got some writing skills, then write the book yourself and just hire an editor to polish it.

The key is in finding your niche.

Do your research on what people like to read about the most, what sells fast, and how to get the word out about your book.

You also need to get as many reviews as possible on your book before people bother looking at it.

I mean, between a 5-star eBook and an unrated eBook, which one are you most likely to buy?

Give your first eBook for free or super cheap, ask for reviews from those early readers, and you now have bragging rights and social proof to start bumping up your book pricest.

What I love about this online business model is it provides recurring revenue.

Every time someone searches for the subject that your book covers and buys it, you get paid!

3. Affiliate Marketing

Affiliate Marketing

No time to cook up your own product to sell?

No worries. You can make money selling other people’s product by featuring it on your website, descriptions in your YouTube videos, offer it to your email list, Podcast show notes, or a super simple affiliate marketing funnel.

It’s what affiliate marketers do, and it’s what YOU can do, too!

Whether it’s a physical or digital product, you can feature it, get your affiliate links all set up, and make your content appealing enough so readers will end up clicking to make a purchase.

Each time these people click on the link and make a purchase, you’ll receive a percentage of the sale. It’s that simple!

But you can’t just recommend a product that sucks to make a quick buck.

Maybe they’ll take your word for it after telling them it’s awesome and all that, they might actually buy it.

But chances of getting a sale from your next product recommendation is shot!

You’ve lost them for good.

The goal is to develop a solid relationship with your audience, and you can only earn that with honesty and integrity in mind.

As for your commission, it depends on what you’re selling. Some people make as much as 75% commission from a digital product while physical products typically earn between 2% - 10%. Still not bad, though, when you sell hundreds of them.

And here’s more - If you do affiliate marketing for a web hosting company, keyword research tool, software, membership program, or other digital products that come with a subscription, you can earn a monthly recurring commission for each referral.

Talk about some serious passive income right there.

4. Print-On-Demand Technology

Print-On-Demand Technology

Got a passion for art and design?

Then you can get into a print-on-demand business and feature your brilliant, original designs on your website for people to purchase.

The cool thing about it is you can simply market your available patterns and designs and just print them once your buyer chooses and pays for what they want to have printed out.

They get to choose to have the design printed on a mug, tee, a souvenir item, anything!

And dig this - you can either get into this business as the owner or a design contributor.

Set up your website, outsource talents to create those designs, and hire people to print the design on the items chosen by your buyer.

But if you want it to take the more accessible route, or if you don’t have the budget for startup costs (website development and upkeep, as well as other overhead expenses), then you can simply earn commissions as a freelance graphic designer. Selling your work to those websites that need more original design content.

Either way, you can never lose in this kind of business.

5. Selling Digital Marketing Services

Selling Digital Marketing Services

Unless local businesses have an online presence, people will hardly know they exist.

Businesses have to be on Facebook, Instagram, Google, and more.

Anywhere that will make it easier for people to find them.

This is where you come in - to create as much exposure to businesses and get paid providing those services.

Create a successful local marketing strategy that gets results and you have a business.

Here are a few awesome ideas to choose from:

- Graphic Design

Graphic Design

Got a knack for designing?

Then it’s time to sell your talent to businesses looking to get their fancy promotional items, logos, and business cards made.

Do a couple of jobs for free or super cheap and start making businesses super cool logos, flyers, mailers, business cards, and other designs.

Pretty quick you have a portfolio and a bunch of happy clients telling their business friends about you.

- SEO Writing and Content Management

SEO Writing and Content Management

Are you a wordsmith, SEO genius, or both?

Then you’ve got a gold mine within you!

A flashy website doesn’t mean anything unless it shows up on Google.

It’s why businesses need you to get their website up there on search engine result pages.

But it’s not all SEO. You gotta make sure your content is worth reading. Something that won’t bore people too quickly and make them want to leave your site ASAP.

So put your writing skills to good use and start making money doing what you do. It’s fun, easy if you are a writer, and it PAYS.

- Social Media Management

Social Media Management

Likes, Shares, and Social Media Engagement are LIFE.

At least for businesses that need followers who can, later on, become customers to boost their sales.

It’s why businesses need social media managers who can create posts and share these across all platforms to reach a new audience and drive more people to their products and services.

So if you can write, know how to post the right way, and can manage these posts, you’ve got an incredible money-making potential right there.

- Websites

Websites

Know how to build a Website?

Another cool way to make money is by selling WordPress sites.

A website for a local business validates their brand, increases their reach, generates leads, and more.

Every business needs one, and they are expensive!

Do one for a friend for free, build a couple for yourself, and start selling them.

And you want to know one more thing?

After you help your clients create a home for their business online with a WordPress site, you can offer a few more marketing services - SEO, social media management, etc.

Once they’re happy with the site you’ve made for them, and they know you live up to your promises, it will be easier to sell more to them in the future.

Maintain an excellent reputation with these people who will become repeat customers.

Then, they’ll refer you to their friends and colleagues.

And the money just keeps rolling in.

Digital Marketing Arbitrage

Digital Marketing Arbitrage

This is one of the fastest ways you can learn online marketing. I did this for three years, and it sped up the learning curve of website building, social media, Facebook advertising, SEO, email marketing and developed many other skills necessary for our current online business.

You effectively become a quality control coach outsourcing all of these projects to freelancers on Upwork, Onlinejobs.ph, Fiverr, and many other freelance websites.

You find businesses that need website services, social media help, blogs, or graphic design. Sell the contract to them, then hire the job out to freelancers for less and coach them to produce a quality product.

Do it for a couple of friends for free or dirt cheap first to make sure you can pull off what you say you can do.

Most of these virtual assistants are outside of the US, at least the ones you can pay and still turn a profit. Effective communication with someone outside of the US requires a different art form and a lot of attention to quality control.

You can’t merely say "Make a logo look like this," and email it to me in two days then deliver it to your client.

This is not for everybody, but I highly recommend it which is why if I had to start all over with no money it would be the pure hustle business I would start.

6. Drop Shipping

Drop Shipping

To sell a product, you need an inventory, right?

Well, that’s how it used to work until drop shipping came out.

See, even without your products in stock, you can feature and sell these on your website.

But you’re not getting your paws on the shipping portion of this whole thing.

When people buy from you, they purchase it from a third-party seller who sells the item to your customer.

Cool, huh?

So, you have your online store with actual photos of items you’re selling.

Then people look around and purchase what they want.

You handle the sale transaction and customer service portion, but your third-party seller takes care of the shipping.

ZERO inventory. NO storage. Just a website, photos of your products, and excellent customer support. That’s about it.

Just be sure to choose your third-party seller well and weed out the scammers from legit ones you can trust.

7. FBA - Fulfillment By Amazon

FBA - Fulfillment By Amazon

We talked about drop shipping and how it works.

But FBA works the opposite way.

You get a hold of items you’re selling, whether coming from abroad or locally.

Once they’re ready, you deliver these to one of the Amazon warehouses.

After you make your product listings, you just leave the rest up to Amazon.

They handle the website, payment transactions, upsells, and product shipping. They take a cut, and you get paid.

FBA is one of the harsher online businesses to get into.  It is very competitive and is a significant puzzle to navigate.

If you are a spreadsheet engineer data analyzing kind of person the payoff and lifestyle FBA can create is enormous.

In a nutshell, you find a product, purchase and get it to Amazon, write copy or hire a copywriter to write your product description, and get reviews on your product as fast as possible.

Amazon is pretty much a big name anywhere in the world of online shopping and is a selling machine.

With the company’s massive customer base, getting your items sold is a done deal when you know how to play your cards right.

8. Coaching, Courses, and Consultations

Coaching, Courses, and Consultations

People buy courses and pay for professional advice all the time.

Want to know how to lose weight fast?

You’re bound to find dozens of weight loss coaches in just a couple of Google searches.

Obviously, there’s a high demand for coaches and consultants in specific fields, mostly health, fitness, and online marketing.

And this is where you come in.

If you’re into teaching others and imparting them with a valuable skill, or you want them to become healthier or happier or whatever, you can start an online course or consultation services and charge a fee.

Once you open up your doors globally, you can turn any skill into something profitable while helping other people develop or strengthen new skills.

So really, it’s a win-win situation because as you help others, you make money along the way!

Want to turn this into a recurring monthly income for you?

Set up a paid membership program or monthly coaching program.

As long as these people keep subscribing to your course, money just keeps coming in. Ka-ching!

9. Advertising Services

Advertising Services

I’m sure you’ve seen YouTube videos featuring ads right at the start or somewhere in the middle.

Yeah, it kind of sucks watching ads, just like when you’re watching your favorite TV show and then suddenly get bombarded with commercials.

To you, that’s the perfect time to flip channels.

But for those who own those videos, authority site, or email list, ads mean cash - and PLENTY of it - to them.

These companies are on the lookout for Youtube channels and websites flocked by millions of viewers or visitors. So if this is you, then you might just get lucky enough to be handpicked to feature their ad somewhere in your video or your website.

And guess what.

When people watch the ad or click on the link, you get paid.

10. Software As A Service

Software As A Service

People would gladly pay, subscribe, and use software relevant to their needs.

If you’re the type who geeks out on software design and development, this business model might be for you.

Can you think of an enormous problem people face and come up with a software that can solve this?

Then there you go - start making one and sell it to others who will gladly pay for your product that they can’t find elsewhere.

Not really techy?

Not a problem.

You can outsource the software build to freelancers or software companies, then market your software product.

And here’s more.

You can even require subscription fees on a monthly, quarterly, or annual basis. As people keep on subscribing, your cash inflow just keeps going.

Not bad for an online business, yeah?

So get your creative juices flowing and come up with a few ideas for those programs that people would want to buy and recommend to others.

The One Thing That Makes It All Work

Sure is fun to imagine yourself making TONS of money with these online business ideas.

But just like any business, you need to have the right ingredients available to make sure it would work.

So if a brick and mortar shop needs customers, an online business has its super important component: AUDIENCE.

And of course, your audience will become your loyal customers in the long run.

You want to start by first asking this question: Who is my audience?

This is why you need to find a niche, identify your target audience, then craft your website or video around it.

Say you have a health coaching business.

Of course, your target audience would be people who are into health and fitness or those who are suffering from an illness and looking for natural ways to get better.

Then, you can focus on creating a website or filming videos about the benefits of eating healthy, types of natural food supplements, exercises, and so on.

Tell them how you can help, perhaps some backstory.

Example, you used to be super sickly, but now you’ve become much healthier when you changed your diet.

So your website has an opt-in page and a free giveaway, a lead magnet that awaits those who subscribe to your channel or website.

Give them something really valuable, one that can give them awesome and quick results to make them want to learn more about what you’re offering.

You can grow your email lists and reach out to people this way.

But the most important thing is to connect with your audience.

Become a content creator instead of a content consumer.

Be the authority that you are in your field while at the same time exuding that right mix of friendly and professional feel all throughout your videos and posts.

Once you get them hooked on you, they’re yours in the long haul.

Start Your Online Business Today!

Start Your Online Business Today

With minimal start-up costs, potentially astronomical profits, and MORE freedom, online businesses will only become more and more attractive in years to come.Click To Tweet

 

There may be hiccups along the way, typical with those just starting out, but once you get the right formula going, your business will only keep soaring to greater heights.

So choose the best business model you’re most excited about and work at it.

Start here with the Five Steps to a Successful Online Business.

If you love what you’re doing and it’s something you want to improve in continually, then you can make a more secure footing in your chosen business.

Keep updating yourself with the latest in your online business, stay connected with your audience, expand your product offerings, and give the BEST customer service that will set you apart from the others in your niche.

Have any questions about how to start one of these businesses?

Leave me a comment below, and I’ll be glad to help!

About the Author Miles

Miles is a full time internet marketer who sells information products and a niche membership program with his wife, Melanie. Together they have created a lifestyle business that allows them true location independence and this blog where you get to see behind the scenes and see how they have built their online business from scratch.

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