The internet offers a plethora of opportunities that were unimaginable only a few decades ago. Almost every business has some form of an online presence. This is important for several reasons.
- You have a wider range of potential customers
- You have the opportunity to develop a brand
- A solid online presence is often a way for customers to be assured of your credibility.
- Running an online business costs significantly less than running a physical in-person business.
Online businesses are the future, and if you’re wondering what services or business you could have online, here are some online money making business ideas.
- Current Business – The best place to start is with the business you already have or the service you already offer. There’s absolutely no need to go looking for online money making business ideas when you already have one. The best part of already having a business is that you have a clientele—the number doesn’t necessarily matter. This gives you more credibility because you have genuine testimonials from people who have patronized you. Polish your current business, and give it an online presence. Start with Instagram and Facebook accounts.
- Selling Clothes Online – Selling clothes online is one of the easiest online money making business ideas. If you’re a beginner, start with old (but still in good condition) clothes that you no longer wear. Platforms like Depop, Etsy, eBay, Poshmark, and ThredUp are great sites to sell clothes on. Once you have a bigger budget, you can go to your local thrift store to get more clothes that you can sell.
- Ad Management – Adverts are all over the internet; however, they are very poorly managed. Ad management entails understanding how adverts work, how they’re viewed, and where they are viewed. You can teach companies how to optimize their paid adverts on the internet.
- Copywriting and SEO Writing – Copywriting and SEO writing are two rapidly growing industries. All companies with content on the internet need copywriters and SEO writers to get their products on the front page. SEO means search engine optimization. Therefore, SEO writing is carefully constructed writing that places highly searched optimized words in articles in a way that won’t trigger Google’s spam filter. This may take a while to learn, but it is an extremely profitable business. There are classes on Masterclass and Coursera that teach SEO writing and copywriting. Sites where you can offer copywriting services are Fiverr and Upwork.
- Business Education/Coaching – If you’re a well-seasoned business professional, then this is the business for you. Business education or business coaching is an extremely lucrative industry. If you have the skill and the experience, you can succeed in the industry. All you need to do is pick a niche or a particular business and focus on educating the business owners in that industry. If you’re just starting, you might need to offer your services for free or significantly lower prices; however, once you build up a clientele, the only way is up.
These are five online money making business ideas for you to consider. If you’re interested in online money making business ideas but not the part about having your own business, you can try the following ideas:
- Filling out online surveys
- Cashback credit cards
- Virtual assistant jobs
- Online trading
- Publishing ebooks
- Starting a website
- Start a YouTube channel