Make Money Online: 7 Best business to start in 2020
Start online business today.
The web is the great space for exploit.
In this post, I will outline 7 best businesses you can start and make a living from it.
Anybody can start a money making online business—so long you are with a computer.
Most importantly is: practically no technical experience is needed.
Presently there are many techniques and tools you can employ to build an online business.
That makes the technical work much easier than it was in the years ago.
Disclaimer; Contained in this post is Affiliate links, which your clicked and a product is bought, earns me little commissions which do not alter your what you buy.
Good Features Of Online Business.
Some of the features that make online business distinctive are;
- With online business, you can also live anywhere you so desire,
- Set your own time, and work at your own convenience,
- Depending on how you want your business to grow.
- No business or marketing know-how is needed either.
- Internet business is truly free means for entrepreneurship.
- You do not need a lot of startup capital.
In fact, you can start up many internet businesses up and running,
With no money at all, because so many free services make this option easy.
For instance, you can set up a website or blog for free using WordPress, blogger.
Alternatively, you can make use of a third-party site,
You use their selling platform in exchange for giving them a cut of your sales.
And this is just the preamble of the various channels no-money e-commerce startup solutions.
Let us reflect on seven of the top online business you can start and make money,
Little or no cost at all.
7 Top Online Business You Can Start and Make Money
1. Drop Shipping
The fundamental truth about an online drop shipping business is that,
As a small business owner,
You do not need to keep a huge record (or any record whatsoever) of products,
On the other hand, leverage on any delivery to your customers.
These remove the monetary cost and danger of having a stockroom containing stuffs you might not sell,
In addition, the disturbance of arranging to send delivery all over the country or the world.
The beauty of this online business is, you do not have to produce or store any products at all.
Your focus should be on marketing and advertising, to find the clients and make the sales.
Once sales are made, others handle the rest.
Your only expenditure is the expense made on marketing and advertising to gain a new customer.
Once that is done, get a company that deals in drop shipping.
Here is How Drop Shipping Works:
Register products for sale on your website/blog or a platform like Amazon, eBay, or Etsy.
Should any of your customers make a purchase,
You purchase the product from a third-party company (the drop shipper, more often than not the manufacturer or wholesaler) for a lower price.
This course of action is as simple as forwarding the order from your customer,
A procedure that can in fact be completely automated.
Remember you do not have any risk here of buying inventory, because the sale has been made.
Your drop shipper can then sends the product to the customer.
This is very easy, right?
With drop shipping, you can recommend or suggest a wide range of products,
Hence, the working operating cost for your business is super low.
On the other hand, no risk on your part,
Because no purchase of the product (at cost) was made, until the authentic transaction is made.
The major challenge to the drop shipping business model is;
You need a trustworthy drop shipper you can depend on to deliver to your customers.
Should an order be late or does not go out—or a product is of a poor quality;
You get held for irresponsibility,
As your company is the one representing the product and customer experience.
Also, because this market is so competitive,
The range—that is, the difference between the wholesale price and how much you can sell a product for—are lower,
Therefore, this will be a high-traffic type of business to make a serious income.
Still, it is an advisable low or no-cost startup option.
One way to distinct yourself from the contest with a drop shipping business is to great a brand name for your products.
This only means you put your own label/brand on the products that the manufacturer is creating.
This approach makes you not to sell the same product brand,
Moreover, just contending on price; rather you can use your own brand and face less competition.
Think of a medicine at the pharmacy;
The brand names sell higher price and people thinks they are different from the common brands
Even though the ingredients are the same.
Consider these key factors when looking for a good drop-shipping product.
If you are taking into consideration a drop shipping business,
I recommend you consider leveraging Amazon.com seriously.
To help grow their business and learn more about becoming a money making Amazon seller,
This is because Amazon is a well-known marketplace to make money,
Where people before now trust and has a large customer base.
In the end, you should also reflect on having your own online store as well.
- It needs very little startup capital
- You need not to maintain any inventory
- You can leverage established marketplaces with existing customer bases
- You are held responsible for drop shipper’s mistakes
- Amazon marketplace is very competitive
- You must sell a lot to make a considerable income
2. Affiliate Marketing
Affiliate marketing has similarities to drop shipping but with some different features.
With this affiliate marketing model,
Maintaining an inventory of your own products is not necessary,
So you do not need to worry about product delivery to your customers.
All you need to do is to pick a profitable niche for your online business,
In addition, find an affiliate program partner who has products that relate to that niche.
Amid them, they offer any digital information product (like ebooks, audio files, video files)
Alternatively, any physical product you can think of.
How is Affiliate Marketing works
When you recommend a products for sale on your blog or e-commerce website.
A unique link is assign to the product,
That tracks back to your account registered with your affiliate partner.
A prospect, who clicks on the link, is taken to your partner’s shopping cart for checkout.
Should they buy any of the products you recommend,
It is recorded and in return, you are rewarded a commission.
Amounts paid as commission varies depending on the affiliate partner,
Generally, it is 5% to 25%, or 50% or more with digital information products.
As you can see, there is little risk on your part and virtually no investment needed either.
Just like with drop shipping your only costs will be marketing and advertising to drive traffic and generate the sale.
Difference between affiliate marketing and drop shipping
The main difference between affiliate marketing and drop shipping is,
The affiliate marketing is more hands off.
Your job is to provide the product’s link for the customer to click on,
Moreover, the merchant takes care of everything;
Billing, order fulfillment, customer service, etc.
All you have to do,
Is to advertise on social media, email marketing, blogging,
Alternatively, whatever means you choose to get your prospects to buy.
However, subsequent to clicking the affiliate link, it is out of your hands.
You do not have to ship products or take care of any customer service queries.
And you definitely do not have to maintain an inventory.
Just focus on either paid and free channels to market your online business.
Affiliate marketing really is one of the most “hand-off” and easiest types of online businesses,
You can start to make money with affiliate marketing.
- Low risk: No preliminary investment required
- Hands-off business model
- No traffic means no money; That is you are responsible for generating web traffic to the affiliate link no traffic means no money
- You might need to spend money on advertising and marketing
If you are knowledgeable or a passionate or interested in a subject.
The, you are ready to start making money with a blog.
Where you can start up your blog absolutely free.
Want to start a Blog? Follow my Awesome 5 Steps to Start a Blog
You can also create your own site and secure your own hosting for a low price,
This is generally the route I recommend,
As most of the free blogging sites have limitations on what you can say or do,
Including making money or advertising.
Most people think blogging is all about writing.
Though it can be, if that is what you desire.
However, written blog posts are just the start.
Photos, videos, and links to other sites can also be posted; you can even repost news and other article.
As long as what you are posting is related to your niche.
Posting original content that is useful to your target audience,
Moreover, to post on a regular basis is very important.
This is the best way to be ranked in the search engines,
And to get your audience to take action.
What sort of content should you provide?
Recommended Readings: 7 keys to write a great content for you blog
Whatever thing that is appealing to your prospect.
How-to topics, top-15 lists solutions, commenting on trends in your niche, tips and tricks articles
Most importantly, you need to provide high quality contents.
There is no shortage of ideas for your blog.
Recommended Readings: 10 best blogging niche that makes money
How to Make Money with an online business blog.
1. Google AdSense.
Google runs advertising network on some website.
This is after Google adSense has approved your site .
These pay-per-click ads appear on your blog.
Every time visitors clicks on an ad (which is believed to be related to your niche), you make a few cents or more.
This is really hands-off. You just require getting a code from Google,
Place the code on your website – and the ads will automatically appear on your blog.
Google will only show ads that are appropriate to your blog.
This is a good experience for your visitors and maximizes the number of clicks you get, meaning more income.
2. Blog ad networks.
Other than Google adSense, there are ad networks you can work with.
Blogads, is a good quality one and you can run banner ads on your blog.
You place the code once on your website, just the same way as Google adSense.
Moreover, when your visitors click on the ads then you are paid.
In addition to banner ads, running video ads on your site is also good.
Most cases, you can make more money with blog ad networks,
But it only works with blogs that are generating tens of thousands of visitors a month or more;
Contrast to Google Ads, you can start right away not considering of the amount of traffic you get.
3. Affiliate marketing.
I have explained this model earlier.
Pasting links to products, you are promoting as an affiliate,
Moreover, whenever somebody buys the product, you get a commission.
With a blog, you can incorporate advertising, with content,
It make it more likely you will get sales.
For example, you could do a product review,
Which is useful and you then include a link to buy the product under an affiliate link.
Providing valuable content in an appealing way is what you need to do.
You have to update your blog with quality content on a regularly.
People are always eager to read new contents,
So make sure you put up quality articles, videos, or whatever repeatedly and consistently.
Posting per day or three times per week.
Whatever it is, sustain the same timetable.
A scattershot posting history means losing readers.
Endeavour to post, at least one new post, video, or other forms of content a week.
Sure, your blog is believed to make money.
However, you cannot continue creating marketing contents all the time.
Center on creating useful content, so that your readers can come to recognize, be fond of, and trust you.
Your readers will as expected click on your advertising or buy the products you recommend.
People are looking for genuineness, in this age of the internet and social media.
In doing all this, you will attract the awareness of Google search engine,
Which are always looking to rank sites with useful, relevant content on top of the search results.
This is what content marketing is all about.
- The starting-up cost is very low
- You work at your own timetable
- It may take a long time for money to start spinning in
- It takes a lot time to Create and post content.
4. Creating Online Videos
YouTube is one of the world’s most popular websites,
With 2 billion plus users watching hundreds of millions of hours of video per day.
Making use of YouTube’s platform to make money online is another online business model.
Following a verified approach, for growing views of multiple videos on a regular basis.
You will be creating relevant content—something interacting that people want to engage with.
This works in many of different niches.
It could be a how-to video or a talking-head video,
On a topic of importance for people in your niche—the sky is the limit.
You can make money with ad profits.
What to do;
- Create a YouTube account and start uploading quality videos.
- Enable monetization on your YouTube settings.
This gives Google permission to proceed to include short AdSense ads with your videos,
Which you have seen if you have watched a YouTube video.
Therefore, when viewers click on those ads, you get paid.
Another opportunity to make money with a YouTube channel is through paid sponsorships.
If you are able to build large followers,
Companies will be more than happy to pay you ,
To promote or mention their products and services in your videos.
You can make use of your Smartphone or a simple video camera.
However, ensure the lighting is good so that your video is clear enough and easy to watch.
Make sure the audio is clear.
You would not want your video to reflect air conditioning hum, construction noise, or other distractions.
iMovie is a good simple tool for editing and putting titles at the beginning of the video.
Remember that your videos can be simple and have to be polished.
Provide valuable content and should be engaging and interesting.
And to broaden the reach of your videos,
Post them on your Facebook business page, Twitter handle, your blog, and other channels.
Broadcast and let people know you are in the video business now.
Driving traffic from YouTube videos to your website/Blog is another way to make money,
Where visitors can read your product reviews, click on the ads on your website,
Even subscribe to your email subscriber list—where you can make multiple sales with your email list.
- Your Smartphone or Computer is the essential tool
- It works across a number of different niches
- Creating and posting videos can be time-consuming
- It may take a while to begin making returns
5. Digital Information
Internet business is not all about selling material goods.
In reality, one of the easiest and fastest means to make money is digital information products.
Various Ways to Create Information Products
This format contains a recorded teleconference, interview, course, or some other spoken-word product
Video is a media format that contains a recorded webinar, a how-to, an interview
Text is most popular which can be in an e-book, an instruction booklet of some sort, a travel guide
Either of these categories,
Through creativity, you can make content with either of these format,
As long as your content is engaging and useful.
Whichever method or way to make use of,
One truth is, it is passive income—you earn income even while you sleep.
This is because you have positioned these products up online for sale on your website
And anyone—customer or visitors can buy and download them any time — day or night, automatically.
All you have to do is confirm the sales regularly,
And to ascertain which of the topics or types, are selling the most so you can make more of those.
- It brings in passive income once you put the product on the online
- It is the most quick ways to make money
- To create a product, it takes some upfront work and time
- Investing some money initially, might be needed
- Putting It All Together is hectic
Staying in a profitable niche market is the trick with any online business.
May sure you follow the latest development online and know what people want.
Verify bestseller lists on sites like Amazon,
Look out on what people are deliberating about on social media.
Do not limit yourself to just one of these e-commerce opportunities.
Get one started and get it running.
Add new income streams as able as you can.
This will multiply your income and guarantee that you fall back on something,
Should one business start going down.
Freelancing is a very profitable online business.
In the United States,
It makes up 35% of its workforce and has contributed over $1 trillion to the economy.
This online business model entails working from home.
If you have whichever skills that is in required,
Becoming a freelancer and make good money is easy.
Freelancing is a very money-spinning online business.
Upwork on its own, which is just one of the freelancing platform,
Freelancers put together over $1 billion every year!
You can be one of them!
- You earn money with your skill even at your free time
- It is the most easiest online business to make money from
- You only earn when you are consulted by clients
- You must be very good at your skill to keep getting clients
Freelancing business is very good for anyone who is skillful,
And those who need part time business.
Concentrate your attention on it when you are less busy.
In addition, earn money on the side with your skill.
You can put out there as a freelancer many skills.
It could be writing, graphic design, typing,
Translation, desktop publishing, programming, video editing, social media skills and many more.
Clients are searching for people like you to work with on various projects.
This is one of the best online businesses in world for anyone.
7. Social media marketer
Social media is a platform for almost 100 million+ people.
From YouTube to Facebook, Twitter, Instagram, LinkedIn, Snapchat and the rest.
People spend the most part of their days on these platforms.
Social media marketing have assisted businesses,
To take advantage of the crowd of people on social media to drive leads.
It is fact, that businesses whose strategies on social marketing is good,
Increase and grow their sales by over 100%.
But there are very few social media marketers online working with this business model.
So many small businesses online are not making use of social media to drive business traffic and leads.
You can become a social media marketer and fill the gap.
You will make a lot of money helping businesses leverage on social media buzz.
- You can start this business with no cost
- The opportunities in social marketing is endless
- It is time consuming
- You will deal with a lot of complaints
If you are not running an online business, then you are missing out.
According various researches that has been published,
People are spending more time on the internet than anywhere else.
That opens up a big opportunity to reach a lot of them with your business
Get started today and establish your presence on the internet.
Make money while you do.
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