10 Best Online Business Opportunities in 2018
Doesn’t matter what type of business you are doing, if you are not well-aware with the real potential of that business, you can’t take complete advantage of that. The two important factors behind every successful business are
- How can you increase revenue?
- How can you expand this business?
Online Business Opportunities
What comes to your mind whenever you dream of opening your own business?
Perhaps four white walls with a lot of boxes to unpack in a commercial space. However, it doesn’t need to be like this every time.
With today’s technology, numerous online business opportunities are available. These opportunities often start with little or no cost.
Online Home-based businesses not only offer independence but also freedom. Therefore, many of us want to escape the rat race and trying to start a home-based business.
Following are some online business opportunities or ideas for the readers to enjoy expanding their online presence and grasping more clients from all the four corners of the world.
Although, they are just internet business ideas I am hopeful that they will spark some inspiration. All you need to do is to apply all the hard work and diligence to turn it into something.
1- Turn Your Blog into Business
Why not start with the 1st I am most familiar with?
It’s unfair to write an article on online business opportunities or ideas and not to mention Blogging.
Blogging is a proven and legitimate way of making money online. It is least straight-forward but very doable and possibly the funniest way to make money online. I know many people who love blogging. It isn’t a get-rich-quick scheme, but a source of long term passive income. If you are creative, have ideas and words bursting within you, you must think about starting a blog.
Let’s get into the details, what does blogging really means and how you can make money with it?
Blogging requires patience, persistence, and discipline as well. It might mean you have to write every day for over a year prior you truly begin to perceive some money from it. Exceptions are there, but in average you have to spend one or two years to build your blog, your brand and your authority, before making any serious amount of money.
A few people contend that you can make money without a ton of traffic. That’s true in some circumstances. But, generally you need a lot of website traffic to start earning from a blog and that takes a while.
You can completely personalize your blogging experience and reach millions of people across the globe with the freedom to create your own beat and style your platform the way you want. The higher the audience, the higher the chance you have of creating a successful and profitable business out of it.
Here are the essential approaches to monetize your blog and begin gaining:
- Advertising: This is unquestionably the most old-school method for making cash with a blog. It’s also starting to become the least common way. You can offer advertising spots directly on your site or you can join with an organization like Google AdSense or Media.net. In any case, you won’t see huge cash from advertisements until your views are well into the thousands each day.
- Affiliate: There are numerous affiliate networks, for example, FlexOffers and CJ Affiliate that allow you to promote other people’s products and services. You just put a link or a banner on your page and in return get a percentage if someone clicks through and buy the product or service. You’ll need to choose items that are particularly in your blog’s category. This is a successful approach to gain cash once you have the traffic coming to your blog.
- Products: You can make your own particular product, such as eBook or computer software. You would then utilize your blog as an advertising tool to motivate individuals to purchase your product. As long as you create a legitimate product with a whole lot of value, you should be able to get some buyers, however like everything else with a blog; you’ll require the traffic to get the sells.
- Services: You can offer a paid service, such as life coaching, blog coaching, goal setting or financial planning. Just be sure to investigate all the legal implications and make sure you’re not claiming to be a professional if you’re not one. With a service like this, you’re basically using your blog to sell yourself. You’ll need to convince people that you’re worth buying and then be able to back up your claims once they purchase your service.
- Membership: If you consider something profitable (pamphlet, online magazine, and so on.) that you can consistently offer on a specific premise (week after week, month to month, and so on.), you might need to offer a subscription service. This could be a fee charged each time your product is sent out or on a monthly basis. In any case, this must be something that your clients can just get by subscribing to your site.
- Supported/paid posts: Many web journals distribute supported and paid posts. Supported posts are essentially just posts about a particular brand, item or service. An organization will pay you to distribute an article about it. It’s similar to other paid posts as well. You’re essentially offering the spot for the article on your site. If you choose to take this course, you’ll want to build your traffic before you will get many offers.
- Videos: This could be a whole segment of your own. Many individuals have made money by making YouTube videos. Evan of EvanTube is a child and he has made millions by making surveys of items that different children of his age would utilize. It’s not easy to get views into the millions, but once you do, you’ll start seeing some cash come in. Numerous bloggers have totally swung to recordings to express what is on their mind by beginning a video blog.
If you’re truly interested in becoming a blogger, start by looking through the archives of ProBlogger, Copyblogger and Boost Blog Traffic. Then go read through all the free guides over at Quick Sprout. It may take you a year to complete those tasks alone, but it will be worth it. You’ll practically have an MBA in blogging.
2- Freelance Writing
You might not consider freelancing as an online business but I have seen the freelance market explode. There is a huge demand for content and so there are a lot of ways to make money writing it.
Freelance writing is one of the most popular ways to make money online. You will be surprised to know that earn an average of 50 cents to a dollar per word and some are earning twice.
It takes time and dedication. It can be highly profitable if it’s what you love.
Today’s most of the companies are turning towards part-time contract workers to fill their skill gaps. It’s not difficult to envisage making living providing businesses with a variety of freelance services. You can work for multiple companies in a variety of fields that offer you flexibility and refreshing change of peace. It all depends on your skill sets. According to the freelance job listing website Freelancer.com, tech services, content creation and web design are popular fields for contract work.
If you are ready to start an online business to make money and love writing then following are the websites you can start with:
Listverse: Listverse pays $100 for each accepted post. The article must be a list, word count not less than 1,500 words and you must include at least 10 things. Other than that, you can get really creative with it.
TopTenz: TopTenz pays $50 for each accepted post. Like “Listverse” the article has to be in a list format. With few exceptions, the article must be at least 1,500 words. Your chances of getting accepted are fairly high as they post often.
A List Apart: A List Apart pays $200 for each accepted post. You have a smaller chance of getting accepted, as they tend to publish fewer articles. Therefore, A List Apart is not on the 1st in the list. Guidelines for writing articles are as above, minimum 1,500 words.
International Living: International Living pays $75 for each accepted post. They are for the most part searching for travel experience from nations you have gone by. For this site, it’s more about your experience than your writing ability.
FundsforWriters: FundsforWriters pays $50 for each accepted post. They are looking for articles about writing and making money with it. They just acknowledge articles between 500-600 words; however they need you to make the most of each word.
Uxbooth: Uxbooth pays $100 for each accepted post. The major drawback of this site is they do tend to take four to eight weeks to accept and post articles. They take so long because they pair with editors to only publish amazing content.
iWriter: iWriter pays up to $15 for each accepted post. That may appear to be little; however, they aren’t as strict the same number of the others above. They also allow you to pick exactly what you write. You can write as many or as few articles as you want.
Textbroker: Textbroker pays up to five pennies per word. In case you’re a 5-star writer. You’ll start by submitting a short sample article and you will probably start as a 3-star writer. However, you can work your way up by writing more and writing great content.
Matador Network: Matador Network pays up to $60 for each accepted post, but the standard pay is around $20-$25. They don’t really focus on a minimum word count, but they have a maximum count of 1,500 words.
The Penny Hoarder: The Penny Hoarder pays up to $800 (rarely), depending on the number of page views you receive. The pay starts at $100 for 50,000 page views, so this isn’t a guaranteed paid article, but it can potentially be highly rewarding.
Without any doubt, you can earn huge money with freelance writing, but keep in mind that it’s a process. The moment you start building your portfolio and writing aptitudes, you start making money. If you’re not an experienced writer, expect to put some time in before you really start to see some bucks.
3- Sell Thing Online
The online selling market has been on the rise, ever since the idea of online auctions came into existence. The numbers of people are interested in selling products or things online but don’t know how to get started with it. Like other online business opportunities, there are all kinds of ways to make money online by selling products online. Either you are you’re selling what you already have or buying and selling like a store. Before you get started, following are some basic tips when selling anything online:
- PayPal Account: If you want to do online business, you have to get a PayPal account if you don’t have any. PayPal is a standard way in online business for receiving payments and paying others.
- Good Pictures: For some options given below, you actually don’t need to take a picture to sell a product online. But for the options picture required, make sure that you take a clear picture that makes your product stand out from the others. If you want to take a lot of pictures, the best solution is to set up a small to medium “Studio-like” spot in your living home with a backdrop and proper lighting to really make your pictures come across as professional. And of course, you need a good camera too.
- Be Honest: Be honest about every dent, scratch, blemish, etc. if you are selling used items. This will not only reduce many issues you could run into but also keep your reviews positive.
- Always Do Good Business: Either you’re selling on a small site or opening an online store, the only thing that matters is customer service. If you want to get positive reviews and good name for yourself, respond to questions, concerns, and complaints. You must offer a guarantee it available.
You need to follow the following guidelines in order to sell products online successfully. If you are ready to start selling products, here’s where you go:
eBay: An article about making money online is incomplete without eBay. You can start an eBay store and get serious about it or you can just sell some stuff to de-clutter your home. eBay is still a popular way to make money online. If you want to start an actual eBay store, need to find a drop-ship business like Doba that will store and ship items straight to your customers. So, you don’t have to deal with an inventory.
Etsy: If you are expert in creating arts and crafts, you can sell them on Etsy. The opening of an Etsy store is completely free. You just sign up, post pictures of your creations and starting selling. You can choose your own payment option that is convenient to you. But generally, PayPal is the easiest one. There is a small listing fee and they take 3.5% of every sale you make. Etsy makes it easy to sell and keep track of your inventory.
Facebook: Facebook exchange shops are ideal for selling things locally. It’s like CraigsList, but quite easier. You simply search for swap shops in your area and ask to join the group. Once you’re in, take a picture of the Product, write a quick description of the price and post it. It doesn’t get much easier than that. You can generally expect to get what you would get at a yard sale, maybe a little more.
Amazon: Have you heard of FBA? It stands for “Fulfilled by Amazon” and it’s getting truly popular. Basically, you buy products (in bulk is best) and ship them to Amazon for them to store. When your products sell, Amazon packs them up, ship them out and sends you the money (after taking their cut). There are people making a full-time living from FBA, while others just do it for some extra money.
CraigsList: Some things don’t deliver exceptionally well. Other things may make you feel awkward to sell to someone across the country. Whenever you’re offering a large item or something you simply would prefer not to dispatch, Craigslist is an incredible place to go. It’s easy to list your thing (once more, take great pictures!). If you don’t want to put your telephone number out there, the interested individual can send you a message to your inbox without getting your email address.
Fiverr is another website that offers online income. On this forum you can sell services like content writing, photo editing, video editing, Resume and cover writing, social marketing etc. You can easily make up to one thousand dollars per month on Fiverr, but you need to follow few basic tips for that.
On Fiverr, you earn 4 dollars per gig. Basically, a gig costs 5 dollars but 1 dollar is charged by Fiverr for providing the platform to make money. Now, the most important thing that most of the people fail to overlook while delivering a gig is the time they are spending on a particular gig. You should be able to deliver a gig without wasting your time or spending too much on a gig.
Read More: Buy Websites That Make Money Online
Another way in which you can earn money on Fiverr is by offering additional services. For example, if you are a content writer then you can offer professional writing at a higher price. This means that you are charging extra for a more detailed and extensive work.
In order to upsell, first, you have to gather a group of clients that trust you and those who want a gig of a higher quality. In the long run, once you have developed a relationship of trust, then you can offer your clients to handle all of the content and services they require. For example, you can offer them to write all of their articles in the future. This will obviously be at a higher price than before.
Another way in which you can maintain a good monthly income from Fiverr is by offering unique services or those tasks which aren’t taken by regular workers. For example, if you have noticed the request for an article which hasn’t been done, you can offer your services and this will obviously be at a higher rate.
Secondly, you can also add a new twist to services that have been performed previously. This is the case in video testimonies because people are always looking for innovative and unique ideas. It basically means that if you are a person who has innovative ideas then you can earn a lot of money on Fiverr.
5- Work At Home Companies
There are several companies that hire you to work from the comfort of your own home. If you want to work for another person, while making your own schedule and choosing where to work from, following companies will give you a chance to let you do just that:
CrowSource: This Company offers several types of jobs from “Microtask” jobs to Macro writing and editing jobs. It all depends on you that how much you can work and you can do most of it right on your computer.
Fast Charts: Fast Chart permits you to work from your comfort zone as a medical transcriptionist. You have to fulfill some of their requirements and qualifications listed on the page. You can make competitive pay for the industry if you meet those requirements. You can also set your own schedule since you’ll be working from home.
Demand Studios: They are hiring all types of creative professionals and experts from filmmaker to writer. Although, Demand Studios do not offer a lot of money but its comparable to a work at home job.
SpeakWrite: They pay you up to $15 per hour to transcribe information. You just set your own schedule and work at home.
Leap Force: Leap Force is one way that Google rates websites for search engine ranking. If you’re hired, you make decent money usually over $11/hour, you set your own schedule and it can be pretty fun to view and rank websites.
Liveops: A call center that allows you to work from home. Once your set up to take the calls, you can begin making a weekly schedule and working from home. The pay is generally close to $10/hour, but you can earn more with commissions.
6- Marketing Consultancy
The market is full of people with an idea and some hustle who want to start a business. What many of those people lack is marketing knowledge.
The world of digital marketing is not only vast and complicated but also a gateway to success.
Between the intricacies of social media velocity and the mysteries of growth hacking, business owners have no clue where to start.
Here, you can you help them? Tell them exactly where to go and how to do it. Such wannabe startups don’t lack in drive and determination; they just need someone to consult with who will show them how to do marketing right.
7- SEO Consultant
The owners of a lot of smaller companies don’t realize how much of an impact search engine optimization (SEO) can have on their business.
Do you know the ins and outs of search engines and have skills in platforms like Google Analytics? If yes, the; educate those business owners on the power of SEO to help transform their websites into a more SEO-friendly property. Use your skills to show business owners how to read and use their analytics data the right way, and how to properly use keywords and structure content to get more traffic.
8- Web Designing
A poorly designed website often kills its credibility. If you have knowledge of HTML and a good eye for design, give a try to web designing business. You can launch a service to create attractive, easy-to-use websites for small businesses.
Put your skills to good use for business owners who want to take their online presence to the next level. Build a comprehensive portfolio, and then create your own website to show it off and attract a steady stream of clients. Showcase the websites you have had been designing at marketplaces or social networks to get hired.
9- Business coaching
Why not create a business if you have ample business knowledge and experience that can help aspiring entrepreneurs to find success. You can also use your skills to help new business owners get off to a good start and help experienced entrepreneurs keep up with demand. To show off your knowledge and skills and bring in clients, you can also write articles about business on platforms like LinkedIn and Quora etc.
10- Domain Flipping
You can buy domain names from GoDaddy for as low as $0.99. After buying a domain, you can register with Godaddy Auctions, where you can sell your domains. Godaddy charges a nominal yearly fee for registering.
Popular Domain names and the ones with high Domain Authority can be sold for as high as $10,000 allowing you to make quick money.
Unlike what most people think, domain flipping requires skills. You must have enough knowledge to judge the right price of a domain name while bidding for expired domain names.
Read More: Affiliate Websites For Sale
You also need to be creative for coming up with creative ideas for registering new domain names.
Above mentioned ways are legitimate online business opportunities to make money online. All of these ideas are real jobs that require you to put in hours if you want to get paid. They also require real work. Here are some tips for actually getting the job:
Be professional. When you submit a resume, don’t type it in ALL CAPS and please don’t avoid the caps lock like the plague. Know how to use it without looking incompetent. Write in complete sentences with proper grammar. Of course, there will be exceptions, but even with the exceptions, you must keep it professional. You’re building their view of you.
Take it seriously. Yes, you’re applying for an online job. Yes, you can do the work in your underwear, but that doesn’t mean it’s not a “real job”. You must treat it as such or they aren’t going to treat you as a serious candidate. You aren’t the only one who wants to work in their underwear. In fact, the competition online is likely higher than it is in your local area.
Give some, but not all. Whether you’re providing writing samples, a photography portfolio or links to your work, give them enough examples to get the idea, but not so many that they got confused where to start. And while we’re on the topic, give them some of your background information, but don’t tell them your life story.
Double check yourself, before you double wreck yourself. Make sure everything you send to a company, whether a resume, an email or a portfolio, is good to go. Double check your grammar and wording, and for God’s sake use spell check! This is especially important when it comes to the company’s name. Don’t spell their name wrong and be sure to type it how they type it (e.g. Problogger, not Pro Blogger).
There are many options for you to Make Money Online. However, it’s very important for you to select the right option that you are interested in. Without interest, you may soon start losing interest and eventually give up.
I hope you found this article to be very useful. If you have any confusion or queries, do let us know through comments in the section given below.