Online business can be profitable only if you have Good And Profitable Online Business Ideas that people would love. I’ve been researching about Online Businesses for quite some time. In this article, I am going to share with you Best Online Business Ideas based on my research. These ideas will greatly help you build your online business. This article focusses on Online Businesses for the long term. Most of these businesses require medium to high investment.
Below is the list of the Top Online Business Ideas for you to start in 2020.
1. Blogging - The reason blogging tops my list is that you can start blogging with a very small investment. As long as you are willing to put in some extra efforts to write quality articles, learn and implement SEO and do content marketing all by yourself, blogging will cost you almost nothing. You can start for free or you can get your own domain and hosting.
With blogging, you can make money with any or all of the below 3 methods:
1. Displaying advertisements on the blog, usually through Google Adsense. You get paid per Ad impression (CPI) or per Ad Click (CPC)
2. Affiliate Marketing wherein you promote a company’s product or services to your readers. You get paid by the company whenever someone buys’s a product or service using your Affiliate links.
3. Paid reviews and paid posts.
While all of the above methods can give you good income, most beginners often end up choosing the wrong monetization method which is one of the reasons why bloggers fail to make money. So make sure to choose a monetization method that best suits your blogging niche.
Remember, blogging is not just about Writing Quality Articles, but it is also about doing Proper Keyword Research, Implementing On Page SEO, backlinks building ( Off Page SEO) and Content Marketing.
Check Out This Link Step By Step Training On How To Blog And Make Money With Your Blog
2. Start a YouTube Channel - YouTube is a great way to earn money if you are capable of making videos that people would love to watch. The videos could be anything from cooking to pranks to satire. And if you can make videos that can go viral over the internet, you can earn much more than you ever imagined. At youTube, you can monetize only original videos created by you. Copyright protected videos will either be taken down or the original video maker would be able to monetize with it even if it were uploaded by you.
3. Web Designing - Web designing is a very good Online Business to start in 2020. With more and more people switching to blogging and also almost every small business going online, web designing would be in demand at least for the next few years. With websites like freelancer and upwork you can hire web developers at cheaper rates.
4. Online Tutoring If you are a teacher or someone who loves teaching, online tutoring can be the best option for you. According yo me, it’s one of the best Online Business Ideas because you have to pay nothing from your pocket to be an online Tutor. No classrooms needed, no marketing costs, nothing whatsoever.
There are many websites like Tutor.com where you can join and start teaching your favorite subject. Some websites may require you to have a relevant qualification and experience, whereas others do not have any such criteria as long as you know the subject well.
Alternately, if you have money and the required marketing skills or if you don't you can consider starting your own teaching website from scratch and do marketing for the same. This can certainly give you higher returns, but the risk-reward ratio is big.
5. Sell Online Courses Income from online teaching is not recurring. You get paid for the number of hours you teach. However, if you wish to have a source of recurring income, you can make online courses and sell them at websites like Udemy.
The courses could be anything that people may find useful. From Maths to English Speaking to Affiliate Marketing and Money Making, you can make online courses for anything.
Apart from Udemy, you can also promote the courses on your own blog or website. By this way, you can avoid paying commissions to a third party and can offer the courses at a cheaper price. However, you will have to work really hard to promote your courses to the masses.
6. Sell Your Products On Ecommerce Websites If you can buy certain items at a rate cheaper than market price, you can make a good fortune by selling it on Ebay. It is very easy to register with eBay. You just have to create an account with them and start selling your product after uploading pictures and details about your product along with the price.
At eBay, you can sell new, refurbished as well as used items. It also allows you to sell imported electronic items without any warranty.
However, Ebay is a slightly unorganized place to sell your stuff. Many people do not prefer selling on eBay due to the frauds involved with it. Same applies to buyers. If you are looking for a more organized way of selling your products, you can become a seller on Amazon.
But, unlike Ebay, Amazon is more particular about the quality of sellers associated with it. So becoming a seller at Amazon is not as easy as it is on eBay. At Amazon, it is compulsory for you to have relevant sales tax registration to become a seller.
Online Business is a great way to start your business if you are low on capital. However, it is essential that you have a good Profitable Online Business Idea to start your business.
No comments:
Post a Comment