Online Business Ideas For Beginners – Are you looking for ways to get extra income? Are you tired of working for someone else and would love to run your business? Starting an online business is a perfect way to make big bucks.
It is no longer news that the internet offers tons of opportunities for individuals to start a business or find fulfilling careers. There are tons of successful individuals that make six-digit figures from online business.
So, if you don’t have any idea on how to start or build your online business, this article will guide you.
While there are tons of online business ideas choose from today, not all are worth your time. Hence, to discover which online business is perfect for you, first answer these pertinent questions.
- Do you love the idea of working from home?
- Are you tired of working for someone else?
- Do you love to have the flexibility and responsibility to run your business?
If you have chosen yes to any of these questions, then you’re fit to start your own online business.
Why Start An Online Business?
Starting your own online business is a great way out of having a 9-to-5 job with little paychecks and benefits.
You are your boss; you have the flexibility and responsibility to run your own business. Also, you are free to set your workload and schedules.
Establishing an online business also means you are not working for anyone. You get to reap all the benefits of all the hard work and dedication put in to build your business alone and not some CEO in a boardroom somewhere.
Moreover, starting an online business doesn’t require massive capital like traditional businesses. Also, it is less risky and highly profitable but make sure your budgeted capital includes Advertising cost to give the business the kind of visibility you need to kickstart it.
This is because your base is online, you can reach potential customers, work from almost anywhere at any time without large overheads.
Things To Consider Before You Venture into An Online Business
Before you decide to venture into any online business, you must consider the following
- Your unique talents
- Which online business opportunities have the potential to make money.
16 Profitable Online Business Ideas For Beginners (With Little or No Cash)
Serious about starting your business? Here are 16 online business ideas for beginners that can fetch you extra cash. These ideas do not require expensive training or degrees, fancy equipment, or lots of materials, space, or products.
Blogging is a proven and successful way to make money online. So, if you have the expertise or an interest in a particular subject, then consider making money through blogging.
Thousands of bloggers like Darren Rowse, John Lee Dumas, and Pat Flynn are making six-figure incomes. With a service like Blogger, you can start up your blog at no cost.
When you are running your blog, you have to ensure that your contents are informative and engaging. Engaging write-ups help to build traffic on your blog, which in turn help to generate income.
There are various means to make money from your blog. They include affiliate partnerships, producing e-books, displaying ads using GoogleAdSense, offering online courses and webinars, etc.
2) Affiliate Marketing
This is one the easiest way to make extra income with little or no cost. Affiliate marketers don’t create or sell products; instead, they promote a seller’s product to a buyer and get a sale commission.
Usually, affiliate marketers promote sellers’ products or services by running their blogs, websites, and email lists. If you want to drive traffic for a particular product or service, you have to master the various online marketing strategies like SEO and content marketing to build an audience.
There are several affiliate marketing companies that you signup and promote. They are Amazon, Flipkart, Clickbank, Commission Junction, etc.
To make money from affiliate marketing, follow this ultimate affiliate marketing guide with a step by step instructions for beginners.
3) Bookkeeping Services
Perhaps you are good with numbers, and you prefer working from your home, becoming a freelance bookkeeper can be a great option.
Bookkeeping and accounting are presently one of the most-sought-for services in the labor market. And you don’t need to be a Certified Public Accountant to keep the company’s record.
A freelance bookkeeper offers various services ranging from creating balance sheets and providing income statements to creating several monthly, quarterly, or annual financial reports.
Moreover, you are free to make use of online invoicing tools like Sighted.com and online payment tools like Due.com to offer your services.
Do you have a knack for writing? Why not consider starting a freelance writing business. The best thing is you don’t necessarily need to have a degree in English.
To start earning money through freelance writing, you’ll have to build up your portfolio and client base. You can begin by connecting with huge sites like Upwork and the likes and get paid for every single article you write.
Read Also: How To Make Money Online
5) Sell Photos Online
If you are an excellent photographer, you can make a high income by selling your photos online.
There are dozens of stock websites where you can create and upload your photographs and make money from each download. Companies use stock photos for various kinds of projects, including ads and sites.
6) Become A Web Developer
Becoming a web developer is another online business ideas for beginners. A web developer is someone responsible for creating a website and bring it to life. Web developers make a lot of money from designing websites.
Moreover, you can build up your career in web designing if all this sort of geek-speak inspires you.
If you’d love to learn more about being a web developer, then check out this article by Creative Market on how to become a web designer.
7) Domain Name Buyer
Domain Name buyers are those who buy domain names to resell for at a higher price.
This online business is very similar to real estate. However, it requires investments and patience to be able to make profits. Buying and selling domain names is a highly competitive online business.
So, I recommend that before venturing into the business, you need to do a lot of extensive research. Also, you need to learn about SEO and how to identify profitable and memorable domain names.
Perhaps you are proficient in two or more languages, consider becoming a translator. Today, Translating is among the easiest and profitable online businesses that don’t even require any capital to start.
The minimum salary for translators in a year is about $40,000. This paycheck depends on the size of the company and the length of the contract they offer.
9) Software Developer
Perhaps you have gigs for creating software, then becoming a software developer can be a sure option.
Currently, the demand for useful software in the market is on the upsurge. You can earn decent money building software for people and, at the same time, selling the apps online.
Several successful apps, particularly those in the Apple and Google stores, are developed and marketed by individuals and small businesses. Independent developers can also make a lot of money from their technical skills via established online freelance platforms!
If you have an interest in becoming a software developer, then you need to learn the development skills necessary to build high-quality software products.
You can check these notable online learning sites Treehouse, CodeAcademy, and Skillcrush to equip yourself.
Podcasts are a series of audio files that are available on the internet where users can subscribe to download and listen.
Podcasting is a highly lucrative online business that requires little or no cash as capital. There are several businessmen all over the world today that are successfully making a living with podcasting.
To become a successful podcaster, you will have to create engaging topics that are of interest to your audience. Engaging issues helps to build up a massive audience and as well as attract advertisers.
Also, podcasters can make enormous income through sponsorships, partnerships, and affiliate marketing.
11) Tutor Online and Conduct Webinars
Online tutoring is presently a growing industry with vast business opportunities for almost everyone, ranging from a professional teacher to a college student.
So, if you have good at a particular subject and you love teaching others, you can turn your passion into income by becoming an e-teacher.
Online tutors earn about $20 per hour or even more, you need to be proficient in your field to become one. You can signup with sites like Tutor.com and TutorVista and build a good reputation over time as a coach.
Moreover, if you’re good, you can conduct seminars, lectures, or webinars that are transmitted online. And university and college students are ready to pay to gain access to reputable online webinars.
12) Virtual Assistant
Almost every small business needs a virtual assistant to run its daily administrative tasks. Most prefer to employ a part-time rather than a full-time-in-house employee to perform the job.
Virtual assistants perform the various tasks that a traditional assistant or secretary usually does. These tasks include booking travels, managing emails, bookkeeping, paying bills making database entry, etc. The exciting part of the job is that you can work from any part of the world.
As a virtual assistant, you can earn a lot of money, but the pay is based on the level of experience and expertise. To find great gigs, you can check UpWork, Fiverr, Indeed, and Remote.co.
13) Become a Graphic Designer
Graphic designers make a lot of money by creating images, business logos, website designs, sales pages, and more. Graphic design is a massive industry with hundreds of business and career opportunities.
For you to become a successful graphic designer, you’ll have to master professional design tools like Adobe Illustrator, Photoshop, etc.
Moreover, there are several vocational training schools and colleges that offer courses to help you get started. Then, you’ll have to promote your career by building a portfolio that will showcase your work and skills to people and organizations.
14) Become a Social Media Influencer
Becoming a social media influencer is another online business idea for beginners. By building your social media accounts, you can quickly and legitimately make money online.
As a social media influencer, you post quality write-ups, comments, tweaks, and photos regularly. This is to help build your social media handles.
And you can earn a lot of money by collaborating with great brands or organizations and post sponsored content to the audience on your social media accounts.
To become a successful influencer, you can check out this article from Shopify on how to build and grow your Instagram following.
Apart from writing or photographing, you can also become a freelance proofreader. So if you have a googly eye to spot out errors and edit them correctly, then start making money with your proofreading skill.
You don’t need any capital to start proofreading. Moreover, you get to work from anywhere, choose your workload and set your rates.
Caitlin Pyle of Proofread Anywhere earned up to $43,000 in her first year as a proofreader while studying abroad. Amazing right?
And once she found out that demand for the skill was high, she started an online course to aid others to start their own proofreading business. If you want to learn more about proofreading, you can subscribe to her free workshops almost every day.
This is another online business idea for beginners. If you don’t have a flair for writing or editing, you can still work as a freelance transcriptionist.
Freelance transcriptionist transcribes audio files into written form. And to do this, you need little or no experience. You’ll only need to develop your typing and listening skills.
Transcribing is a very detailed job, but the good thing is, you can work at any time of the day or night. For gigs, you can check these reputable companies
- GMR Transcription.
Sometimes, fear stops us from achieving that which we really want. If you have the passion and skill to get any of these businesses started, you should get started. No one is an island of knowledge and we learn as we do.
Which online business idea for beginners interest you or which have you tried? You can drop your comment below.