Tired of your 8 to 5 job and hoping to make money online 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 have to 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 have to go for it!
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, a fundamental to starting a successful online business.
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
Are you an expert in your field, or do you know more than the average person about a specific subject or skill?
If you have the adequate skills or knowledge about a particular topic, then you’re one or two steps ahead in why to start an online business. You can use your knowledge and skills to build people up while making some cash along the way!
Establish yourself as an authority in your niche and strive to be the best in it. A niche topic you’ll never grow tired of learning more about.
With this online business opportunity, 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.
Do you have plenty of travel hacking tips? Know enough to teach people how to do digital marketing?
Whatever that niche may be, as long as you have the skills and a strong desire to learn continually, then you can sell these solutions in the form of an information product. Informational products are one of the largest online business markets out there.
With 3.2 billion people or 40% of the global population as internet users, there’s no better reason to take advantage of these figures when you sell your informational products. Going online is truly the way to go!
People are Searching for Information Online
- 8 out of 10 people from developed nations go online. - 21 out of 61 people from developing countries use the internet ( ICT Facts & Figures) - About 40% of US companies market their products and services using blogs. (eMarketer) - 34% of Fortune 500 companies have had active blogs since 2008. (Forbes) - Companies with blogs get 97% more links to their website. (HubSpot)
Deliver Information to People on Facebook!
Facebook is another platform that you can utilize to share your information products. Just check out these impressive figures:
- In Q3 of 2017, the net income was $4.7 billion. - Facebook is THE #4 most valuable brand ON THE PLANET with $73.5 billion value - 1.37 billion active users on Facebook per day.
If you have authentic information to share, something that’s not just regurgitated information, then you’ll gain people’s respect and confidence.
Once you get people hooked on what you’re selling them, those are called forever clients or returning customers. They will be YOUR returning customers.
These platforms are an excellent tool to use to promote or start selling information products in your internet business.
2. E-book Writing
Have you ever thought about writing eBooks for a living?
Or as part of your online business expansion, have you considered how to write an eBook and make money?
Whether you’re a writer or not, gone are the days when you had to carry a physical book around to feed your desire to read.
Put technology and mobility together, and you’ll have an entire library of eBooks or digital books right in your mobile device that you can browse anytime, anywhere.
With the increase in eBook readers year after year, the eBook writing business proves to provide profitable means for writers, (or even non-writers who outsource ghostwriters) to make passive income from their book sales.
This online business model brings new opportunities to writing and publishing. It’s not like how it was back in the day when several aspiring authors typed the hours and nights away to finish their manuscripts, carried their thick pile of papers to a publisher only to get rejected on their first, second or third attempts before finding one who was willing to publish their work. Even then, it usually came with a fee.
No more running around searching for a publisher. Even if your writing sucks, you can still build an online business and make money selling eBooks.
In fact, you can hire a ghostwriter and still get your eBook published on Amazon. Yep, anyone can literally be an author now and take advantage of this type of business opportunity.
If you’ve got some writing skills, obviously that’ll make the process easier but you might still be wondering how to write an ebook and make money from it. Well, you have the first step covered! Write the book yourself and hire an editor to polish it. The key is in finding your personal niche type of online business venture.
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. The potentials and applications of writing EBooks are why it made it first on the list of top 10 online business to start. Ebooks are a great way to make money online!
How to write an eBook and make money:
Do you realize what the money making potential for writing eBooks is? It’s actually pretty impressive. Let’s take a look at the top 10 eBook genres in 2017 and their figures based on their unit shares and share of revenue according to authorearnings.com (Q2-Q4 Ebook Sales By Genre)
Literature & Fiction – 70,610,173, $330,926,873.53
From the numbers above it’s not hard to see why start an online business using eBooks as your outlet. You can absolutely profit from either incorporating eBooks into any one of these top 10 online businesses or just focus solely on your writing as your main online business. It’s just another great way to start your online business from anywhere.
Steps to Sell Ebooks
Once you have your book written, the next step is to tell the world about it. You would want to get as many positive reviews on your eBook as possible. Between a 5-star eBook and an unrated eBook, which one are you most likely to buy? Your book needs to be worth those 5 stars, so write valuable content!
For your first eBook sell it at a lost cost or even offer it for free. Ask your readers for reviews, and then you’ll have enough support to start raising the price of your book.
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! You can continue to collect revenue for years or even decades after you’ve published it. Ridiculously amazing way to establish an online business right?
Let me quickly share with you something about my wife, Melanie, who’s published several ebooks on Amazon since she started her online business in 2013. Her niche is in writing inspirational books, sharing with the world positive and uplifting stories about the non physical realm.
She’s sold hundreds of these books all because they actually help and encourage people. Her stories and insights are authentic and add value to her readers. In fact, if you want to check her out on her Amazon page, here’s the link to it.
So if you’re passionate about writing and you’ve got something to share, I highly recommend that you give eBook writing a shot!
3. Affiliate Marketing
No time to cook up your own products to sell? Why not use affiliate marketing to make money from home? With this business model, you can establish an online business by selling other people’s products and featuring those products on your website.
You can feature products whether they’re physical or digital. Set up your affiliate links and produce quality content that will entice your readers to click and make a purchase. Each time your audience does click on a link and subsequently makes a purchase, you’ll receive a percentage of the sale. It’s really that simple! Plus, there are tons of affiliate marketing jobs online.
Impressive Stats for Affiliate Marketing
- 15% of revenue in the digital media industry comes from affiliate marketing. (Business Insider)
This is a great online business opportunity, however, you can’t just recommend a crappy product just to make a quick buck. Sure, you can write excellent copy for the product and yes, they might take your word for it and actually buy it.
But, it’s an unethical use of affiliate marketing and chances of getting a follow up sale on your next advertised product are going to be slim. In fact, this is a good way to lose for good in your online business.
How to Win in Affiliate Marketing
Offer value and be authentic. The goal is to develop a solid relationship with your audience, especially your email list, and you can only earn that with honesty and integrity in mind.
Your commission is going to depend on what you’re selling. Some people in the affiliate marketing business make as much as 75% commission from a digital product. Physical products on the other hand typically earn between 2% - 10%. But when you sell hundreds of those physical products, that’s still a pretty darn good online business opportunity.
In addition, if you do affiliate marketing for the best web hosting company, the best keyword research tool, membership programs, or other digital products that come with a subscription, you can also earn a monthly recurring commission for each referral.
I break down the exact steps in even greater detail about how to become a successful affiliate marketer in that one!
4. Print-On-Demand Technology
Are you more of the artistic type? Then printing on demand products are another great way to start an online business! You can get into an online print-on-demand business and feature your brilliant, original designs on your website for people to purchase!
On-demand printing technology allows organizations to order print resources within their budget, as needed. This approach minimizes wastage of paper resources while allowing companies to update and or send content to remote offices, stores, and satellite locations. So basically this service takes out the long wait time to receive the materials companies require for their businesses.
The future of Print on Demand Services:
The printing industry continues to boom even in our digital world. In fact, web to print is expected to keep rising and hit the $1.3 billion mark in revenues by 2022. The future outlook for this industry is very promising.
The cool thing about starting an online print on demand business is you can simply market your available patterns and designs and have them printed after your buyer makes a selection and purchases your art.
Your buyer can choose from a variety of items to have your image printed on. Your design could be put on a t-shirt, phone cover, pillow, mug and more. This greatly expands your online marketing options. And dig this, you can either get into a print on demand business as the owner or a design contributor.
Whether you take another avenue to start your online business or choose the print on demand route as your startup, you can outsource talents to be a part of your creative team.
But if you want it to take the more accessible route, or if you don’t have the budget for startup costs like website development, upkeep and other overhead expenses, then you can still earn commissions as a freelance graphic designer. There are plenty of online businesses who are looking for original design content.
Either way, you can never lose in this kind of home based online business opportunity.
5. Selling Digital Marketing Services
Digital marketing services gives local businesses the option of advertising to a vast number of people. A lot more people than they’d be able to reach without an online presence. It’s not at all uncommon for businesses to be on Facebook, Instagram, Google and more.
This is where you come in, helping businesses to gain exposure, which can be an amazing opportunity for you to earn money from home. Create a successful local marketing strategy that gets results and you’re in business.
Why start an online business in selling digital marketing services? Take a look at a of these few awesome ideas you can choose from:
- 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 at low cost and start making businesses super cool logos, flyers, mailers, business cards, and other designs.
Pretty quickly you’ll have a portfolio and a bunch of happy clients telling their business friends about you.
- 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. That’s why businesses need a skilled individual to get their website ranking high on the search engine result pages.
If you’re a self learner and skilled in SEO or content management, with enough dedication you can build an authority site, focusing your online business towards these digital marketing services.
Here’s some quick facts for you
- 53% of online marketers used blog writing as their #1 inbound marketing technique in 2017. (HubSpot)
- In 2017, eCommerce traffic came mostly from email marketing and SEO, while content marketing and affiliates are less frequently used channels. (MarketingSherpa eCommerce Benchmarks)
According to Statista, the top 5 Most Effective Techniques in Digital Marketing in 2018
Content Marketing - 20%
Artificial Intelligence and Machine Learning - 14%
Big Data - 14%
Social Media Marketing - 14%
Marketing Automation - 9%
Mobile Marketing - 9%
Conversion Rate Optimization - 5%
Search Engine Optimization - 4%
If your skilled in SEO, and can create excellent content that’s worth reading then you have valuable digital marketing service skills to fill a very important business need.
Providing these kinds of services is a great way to establish your online business and offers high investment returns. So put your writing skills to good use and start making money doing what you do best.
- Social Media Management
Likes, Shares, and Social Media Engagement have become a way for companies to expand into the online business world, gaining followers who later on can be converted into customers. As a basic example, say you come across a post for a business in your local area. Initially, you might give it a like and then later remember, hey, I’ve been meaning to check this place out. Or maybe you give a company page a like and then later make a purchase from them.
A lot of in house and online businesses alike outsource their social media management jobs to people who can create posts and share them across all platforms to reach new audiences and drive more people to their products and services. Is there room for you to sell digital marketing services and grow your online business?
Some cool stats for ya:
- 30% of online time comes from social media
- 8 billion views on videos posted on Facebook per day
- 96% of consumers (18-34 years old) watch a video few times a week
- 75% of millennials check out a social video daily
- 80%of online traffic from consumers will come from videos by 2020 (Source: Animoto) - 62% marketers are expected to invest more in Facebook video in 2018
As you can see, the potential to sell your digital marketing services in the form of social media marketing and earn money from home is substantial. So if you can write and can effectively handle a businesses’ social media needs, then this is an excellent online business opportunity for you.
Do you know how to build a Website? Another cool way to make money while working from home is by selling WordPress sites.
Local businesses who have a website 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.
But wait, there’s more. After you help your clients create a website for their online business using something like the WordPress platform, you can offer additional digital marketing services such as SEO and social media. If you have the talent, really you can offer a few of the online business ideas we already covered. Sweet right?
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 those additional digital marketing services to them in the future. Maintain an excellent reputation with these people and not only will they become YOUR repeat customers, but they’ll also be more inclined to refer you to their friends and colleagues.
And the money just keeps rolling in.
Digital Marketing Arbitrage
This is one of the fastest ways to learn online marketing. I did this myself for three years. The experience I gained sped up the learning curves of website building, social media management, Facebook advertising, SEO and email marketing just to name a few. I developed many other skills necessary for our current online business.
You can effectively become a quality control coach outsourcing all of these projects to freelancers on Upwork, Onlinejobs.ph, Fiverr, and many other freelance websites. If you’d like additional information and insight on digital marketing arbitrage, check out my video explaining the ins and outs here.
The really cool thing about outsourcing these virtual jobs to say the Philippines or India is that you can spend your time during the day meeting up with clients and by the evening, you can send out your assignments to your virtual team. Because of the time differences, they can work on those assignments over night so you’re able to get twice as much work done with this online business model.
You find businesses that need digital marketing services, social media help, blogs, or graphic design. Sell them the contract, then outsource the job to freelancers for less and coach them to produce a quality product.
Build your reputation and prove you can follow through with what you say you can, go ahead and 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.
Digital marketing arbitrage isn’t 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 that I would start.
6. Drop Shipping
To sell a product, you need an inventory, right? Well, that’s how it used to work until drop shipping came out.
So, what is an online drop shipping business all about? It’s fairly simple, you sell an item, a customer places an order, the supplier ships the product to the customer, you handle the customer service part.
This spares you from searching for a warehouse for storage and worrying about the shipping. You just have to think about running your online store, collecting payments, and offering GREAT customer service!
Large Brands that Started with Dropshipping
- Zappos - Sears - Wayfair.com - Amazon
See, even without your products in stock, you can still feature and sell these items on your website. Drop shipping takes the shipping process off of your plate. When people buy from you, they purchase it from a third-party seller who sells your item to your customer.
This online business looks pretty promising, right? With drop shipping, you manage your online store, provide photos of your items for sale, handle the sales and provide customer service. Your customers make a purchase and the shipping is then taken care of by a third-party seller.
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 wisely. You want to weed out the scammers and find a legitimate third-party seller that you can trust.
7. FBA - Fulfillment By Amazon
We talked about drop shipping and how it works. But fulfillment by Amazon, (FBA) works in the opposite way.
Fulfillment By Amazon (FBA) lets you sell your products on Amazon. You can leverage this company’s popularity to get your products out there, and they’ll do the rest for you. Amazon will handle storage, pickup, packing, shipping, and even customer service!
Here’s a brief rundown of the Amazon FBA step by step.
Obtain the items you’re selling, whether they’re coming from abroad or locally.
Once those products are ready, deliver them 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.
Brief, but simple. So as you can see, it’s not the same as drop shipping, but FBA is a great tool to utilize for your online business.
Online retail GIANT in numbers:
- #3 largest retailer in the world in 2017 (up by 154 spots from 2016) - $178 billion net sales in 2017
And it just keeps growing and growing!
- More than 70% growth in the number of active sellers that use FBA year after year. - In 2017, Amazon had $94.7 billion in online sales. That’s a 19% sales growth compared to the previous year!
FBA is one of the harsher online businesses to get into. It is very competitive and is a significant puzzle to navigate. If you’re 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 an authority site for online shopping. They’re recognized throughout the world and is a selling machine.
With Amazon’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
People buy courses and pay for professional advice all the time. It’s a great way to get into the online business game. 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, most being in health, fitness, and online marketing.
And this is where you come in. If you’ve got a service or training course to offer, then starting an online consultation or coaching business is for you!
Say you want to teach others and train them to become adept in a valuable skill, or you want them to become healthier and happier, you can start an online course or consultation services and charge a fee.
Whether you’re doing coaching, courses, or consultations, you’ll need to gather up some tools such as an email and messenger service, calendar for organizing schedules and appointments, video calling software, and your payment system.
You also need to set up your tools for communicating with your clients. There’s video calls, screencasts, file transfer, group calls for e-learning and webinars, and live chat. All of these tools will assist you to be more effective in the services you offer through your online business.
Here are some awesome facts about this business:
Annual Growth of the Top 5 Domains in Online Consultation
1. Healthcare - 7.1% 2. Education - 4.8% 3. Management - 3.6% 3. Marketing - 3.6% 4. Business Coaching - 3.5% 5. Personal Training - 3.2%
Industries with the Steepest Fees:
1. Strategy Consultants 2. Operations - Management 3. Human Resources 4. IT Specialists
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!
Some pro tips to take your consultation business to the next level!
- Fill in pressing knowledge/skill gaps. - Establish relationships; revenues come second. - Provide results. - Offer flexible payment structures. - Gather client feedback. - Keep updating your skills.
One more thing… If you want to turn this into a recurring monthly income for you, wet up a paid membership program or monthly coaching program.
As long as these people keep subscribing to your course, your online business is going to grow and of course, the money will follow.
9. Advertising Services
I’m sure you’ve seen YouTube videos featuring ads right at the start of their videos or at least 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, advertisements that come from an authority site, or email list means cash, and PLENTY of it.
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.
By consistently creating and producing your own videos, you can build an impressive following and begin to make money online from the ads in your video. Youtube users and viewers are only rapidly increasing in numbers year after year. Earning money online from your video content is the game plan!
These YouTube stats are just mind-blowing!
- 1 billion UNIQUE users each month = ads get MORE online exposure - Over 6 billion hours of videos watched per month - 70% of millennials go on YouTube once a month on a minimum - More than 1 million advertisers are on Youtube, and a MAJORITY of these are small businesses.
YouTube as a social media marketing tool
If you don’t mind being in front of people, creating content on YouTube is for you! There’s a ton of opportunity in starting your online business by using YouTube as your platform to get your information products out there.
Just take a look at these high-earning YouTube stars as an example: With MORE Content, you get MORE Views - 100+ hours of videos are uploaded every minute - 188 million users expected to flock YouTube in 2019 - 80% of web traffic comes from OUTSIDE of the US
When people watch the ad or click on the link, you get paid. Just another great way how to make extra money online from home. Sweet!
10. SAAS - Software As A Service
Want to solve people’s biggest problems with a software? Well if you do, then software as a service could be the perfect home based business opportunity for you! People would gladly pay, subscribe, and use software relevant to their needs.
Here’s the gist of how you can turn SaaS into your home online business:
First, design and create a program or software product. You can either create a program or software yourself or you can outsource the build. Sell your product and then offer subscriptions for recurring cash inflow.
If you’re the type who geeks out on software design and development, then this online business model is right up your alley.
Can you think of an enormous problem people face and come up with a software solution? People will gladly pay for your product that they can’t find anywhere else.
The SaaS Market just keeps getting BIGGER
- 33% of companies use more SaaS applications with 16 apps/ company
- 38% of US businesses adopted a SaaS-exclusive workplace in 2017, with a measly 17% doing the same thing in 2016
- Expected growth of the SaaS market by 2020 is $76 billion
- 80% of end users in the US prefer SaaS and cloud-hosted apps for organization and communication, with only 51% on-board in 2016.
Did you know 4 BIG Tech companies such as Microsoft, CA Technologies, SAP, and IBM have all made the switch to Saas product development? As you can see, software as a service is a very profitable online business.
Plus, certain software solutions are responsible for boosting the SaaS market share with collaboration applications, ERP, CRM, business intelligence, and HR management.
So what’s in it for you?
The develop and need for SaaS are rapidly increasing and evolving. As the demand continues to soar, it’s time to get creative and come up with software to solve people’s problems. Base your online business on SaaS and you’ve got an incredible earning potential.
According to Bessemer Venture Partners (BVP), the future of Saas will incorporate an AI layer for better interaction between the user and the software. This layer also promotes deeper learning opportunities in business analytics.
Not really techy? Not a problem. You can outsource the software build to freelancers or software companies, then market your SaaS 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?
The trick in launching a SAAS fast and cheap is to follow the Lean Startup Method and launch a Minimum Viable Funnel BEFORE you spend all the time creating the product.
Identify Your Audience to Make Your Online Business Work
It’s pretty fun to imagine yourself making TONS of money with these online business opportunities. But just like any business, you need to have the right ingredients available to make sure it’s going to work.
So if a brick and mortar shop needs traffic in their store, an online businesses necessary component is: AUDIENCE.
Your audience will become your loyal customers in the long run.
There are Five Fundamentals to make an online business successful.
The very first one is defining your audience by asking yourself this question.
Who can you provide the most service to and what kind of service is it?
The answer to this question for you will help you define your audience as well as steer you to which of the top 10 online business you should start today.
Maybe you’re super into a plant-based diet, or learn how to surf or play the guitar. Maybe you build racing drones, are on a quest to be the best at managing your time better, gain muscle or lose weight. The list is truly endless.
If you do not know the answer to this question you need to dig into personal exploration and niche research.
There are virtually endless ways to connect with your target audience online, more on this after you pick which business you will start tomorrow.
When you have your audience and niche market defined the advertising you run, the blogs that you write, the podcasts and videos you create, you are clear in whatever content you choose to put out and who you are communicating to with all of your content.
But as with any business, it takes time to take off. It may take a few years to quit your job and become an internet marketer, but all of the online business opportunities on this list can begin to turn a profit quickly, that’s why their in the Top 10!
A lot of what holds people back from starting their online business isn’t usually from a lack of passion, but in the how to’s of getting it started.
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
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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.