The Top Profitable Online Business Opportunities


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. Of course, where there is an opportunity there is competition too. So make sure you do your own research about the business, including financial and competition analysis before jumping on the wagon.

Money makes the web go around. Whether you’re on a mission to find a new source of income or just looking to increase your paycheck with a side gig, the internet can offer a variety of solutions for you to choose from. With such a great selection it’s easy to get lost. And although trial and error is a method we usually would recommend, it’s probably not a good idea to invest time and resources on experimentation when something so crucial as your income is at stake.
The solution? Research, and fortunately for you we can save you time with that. Below is a list of online business opportunities that have a high potential for generating profit. Read through and consider which of these options might work for you.

Contents

1. What is an online business?
2. The online businesses to start
3. How to run a successful online business

What is an online business?


Online business - also referred to as e-business - is any kind of business activity that happens online (over the internet).
A business owner who does any, or all, of their business using the internet, is running an online business. Running an online business can include buying and selling online, and providing an online service. A wide variety of businesses can be found online, in many different industries.

See: 11 Benefits Of Blogging For Your Business

Anyone can start an online business. If you have a unique product or idea, you can find a way to sell or trade it online. It's just like a traditional 'bricks-and-mortar' business, except your office or shop is online, so you have to decide how it will look and appeal to customers.


The top profitable businesses to start today


Alternately, if you have money and the required marketing skills, 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 high. Let’s see the profitable online businesses to start today:

1. Teach Online Classes

Your expertise and knowledge can be very useful to you when you start your online business. Whether you’re a certified chemistry teacher or a knitting master, you can create an online course and charge students for access to the study material.

2. Affiliate Marketing

On the web, affiliate marketers are people who promote various online services and receive a commission for making sales. Many online services have an affiliate program. This type of business is especially worthwhile if you already have a blog or a website set up and can simply start working on promoting your affiliate goods.

3. Content Writing

With growing number of blogs on the World Wide Web, there is a shortage of fresh content. If you are a good writer, capable of writing original content then you can make some quick bucks by writing blog articles for top bloggers.
All you have to do is search for niche specific bloggers and drop them a message asking them to consider hiring your services. Alternately, you can also use websites like Upwork, Fiverr, IWriter and Crowdsource to get more freelance content writing work.

4. Online Tutoring

If you are a teacher or someone who loves teaching, online tutoring can be the best option for you. According to me, it’s one of the best online business opportunities 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.

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 e-Commerce 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.

7. Social Media Marketing

Most people use social media websites like Facebook and Twitter to connect with friends or to express themselves or simply killing time. However, in the past decade, Social media has emerged as one of the best advertising platforms.

See: The Benefits of Social Media Marketing


You might have seen sponsored ads on Facebook or sponsored tweets on Twitter. This is because social media advertising is not only cheaper than other forms of advertising, but it can also help you to target the right audience.
However, the conventional method of displaying ads and sponsored tweets is relatively costly for brands. Therefore, many people hire freelancers for marketing their products and services on social media.

So if you have a Twitter account or Instagram account or a Facebook page with a decent number of active followers, you can register for free with websites like BlogMint.
Once you are a member, you can check and apply for various social media campaigns created by brands. You can quote the charges for a Tweet or a Facebook post depending upon the number of followers you have.

Social media consultants are helping companies grow their revenues and get extra relevant on social media. They employ strategies ranging from social virality to pure user engagement.
Social media consultants help businesses make their customers on social media feel like family. Their services are too vital for the success of any business’ image on social media and the internet as a whole.

Small business brands and professional freelancers often require help with promoting their work on social media platforms. You can train yourself to understand the fine art of social media marketing and offer to either take over their social marketing efforts or to provide consulting services on the matter.

8. Create Custom-Made Art or Music

If you want to support yourself as an independent artist without having to take on an office job or wait tables, why don’t you use your talent to make extra money? You can offer people from all over the world the option to commission illustrations, caricatures, sculptures, video art, designed candles, custom-ordered songs or anything that your creative

9. Android App Development

Android phones right now have a monopoly over smartphones market. Its nearest competitor, IOS, is not even close enough when you consider the size of the entire Android smartphone market. And it seems very unlikely that Android is going to get a tough competition in the near future.
This is the reason, Small Online Businesses and shopping websites are slowly moving towards android for business promotion as it gives them better conversion ratio. So Android app development would definitely be on the rise for the remainder of the decade or probably the next decade too.

10. E-Book Publishing

People go online to download thousands of e-books everyday. People are also looking for guides on various subjects and topics, while many others just enjoy reading a lot of books.
If you’re a great writer that’s vast in a particular skill people are willing to learn, you can write a detailed e-book on that and have your work published. With a great marketing plan and execution, you’d make money from every purchase of your e-book around the world.

11. E-Commerce (Electronic Commerce)

Buying and selling online is getting bigger than ever before. With many businesses coming online every month, the world’s e-commerce business market is exploding. Many businesses and individuals are generating thousands of dollars in revenue every month from running e-commerce companies. You too can jump on the band wagon.
You can start an e-commerce business from home without owning a single item by simply reselling other people’s items like books, clothing, accessories, etc. and over time, you can start stocking your own merchandise. This is one of the fastest growing online business ideas in the world.

12. Advertising Network (AD Networks)

The basic concept with Advertising Networks is to feature advertisers’ ads on websites that are willing to have the Advertising Network’s Ads show on their websites. A perfect example of this online business is Google AdWords. People advertise through Google, and it shows up on many websites at the same time. If you have the resources, a niche idea, and a wide network of websites to partner with, you can also start an ad network.


13. Web Design

With a lot of businesses going online, a lot of people & businesses are seeking the services of professional web designers. Without a great looking website, many customers will not trust what you have to offer on your website. Because of this, the demand for really good web designers is rising, leading to higher fees for the designers. Some even earn as low as $166.67 to as much as $4000 for a web project.
Web design is one great business you can start from your home. All you need is a good computer, sound training, and a sample website to get started.


14. Online Market Place

This involves selling your products on online marketplaces like Jumia , Konga, Amazon , and several others. Selling on marketplaces saves you advertisement costs and marketing stress. You can start selling on online marketplaces from your home in today. All I mean here is that; you have two options for online market place:
(a) - Create your own portal
You can create your own online marketplace and earn more money, like jiji.ng
(b) - Sell your products
The last one is you can also sell your products on the popular online marketplace

15. Website Flipping Business

You can start buying and selling websites for a profit. To understand this business model, just consider yourself a real estate entrepreneur; who buy houses at a low price, renovates the house and resells at a higher price for a profit. You can begin by checking out websites that are listed on Flippa.com to understand how this business works. You can buy a website for lower price and sell it as high as $100,000, just depending on the website info.

16. Domain Flipping

Domain flipping is one of the few Online Business Ideas that can give you huge profits with negligible risk. This is not a new business. Many people are already earning a living out of this business.
In domain flipping, you will be buying popular domain Names at regular price and then selling the same at a premium price. You can buy a Domain Name from GoDaddy for just $1 for one year. Depending on the popularity of your domain, you can sell it for as high as $10,000.
Domain flipping may seem like a part-time business wherein you buy Domain only when you sense that it will fetch you a good amount of money, but its not the case.
Domain flipping requires a lot of research. You need to search for expired domain names as well as look out for new domain name registration opportunities.
An engineering student bought the domain name maxchanzuckerberg.com after Mark Zuckerberg named his daughter Maxime Chan Zuckerberg. He was able to sell the domain name for $700.
So it’s all about buying the right domain at the right time. After buying the domain, you can list the domain name for selling at one or all of the websites like GoDaddy Auctions and Sedo which are marketplaces for domain buying and selling.

How to run a successful online business


We are in a connected world today. The internet, along with smart phones, has changed the way business is done. We’ve successfully seen the top profitable online businesses to start today, now we’d take a look at the tips to run a successful online business. Here is it:

- Organize Your Web Assets

This extends much further than just organizing your business. Your web assets are everything from your website to your social media profiles to your hosting account. These need to be in order.
All relevant assets should be optimized for your brand. For example, your social media and webpages should have the relevant keywords. They should fall into an integrated marketing plan. And they should be completely updated with the latest information about your company.

- Maintain Customer Records Safely

One problem business owners have is that they need to be able to keep records safely. You have a legal obligation to protect any customer information obtained online. For example, you should store information on separate devices and have a number of secure backups
Your systems must be kept updated and controls should be implemented and access should be restricted only to specific employees. You should have a system in place to destroy things like credit card details securely when they’re no longer needed.

- Do you know your competition?

Any good business will know its competition. You need to know who you’re competing against so that you know why customers choose you over others, or vice versa. Nowhere is this more important than in the online world. You should be aware of social media channels your competition is using. And you should inspect keyword usage from all your competitors using the variety of tools Google provides.

and the internet as a whole.

Small business brands and professional freelancers often require help with promoting their work on social media platforms. You can train yourself to understand the fine art of social media marketing and offer to either take over their social marketing efforts or to provide consulting services on the matter.

- Protect Your Brand’s Online Reputation

Online business is all about reputation. The slightest mistake can taint your brand forever. The key is control. Setup a Google Alerts notification for your brand. That way, you’ll be able to inspect any mention of your brand.
Have a firm set of branding and social media guidelines, so anyone posting on behalf of your brand is aware of what you expect from them. Learn to deal with customer complaints and adopt a mindset of solving problems; even if the customer is wrong.

- Invest on a good internet connection

If you are online, you need a good internet connection. Sometimes, I’ve sacrificed on a good internet connection, only to realize I couldn’t act fast on important orders. Without a fast internet connection, you could miss out on orders and customer questions. In short, your business could be paralyzed.

- Stay On Top of the Latest Trends

The online world is one that is constantly changing and evolving. It evolves faster than anything you’ll see in the real world. Furthermore, you’ll see social media trends evolving all the time.
You need to be on top of this so you can be on the cutting edge of online marketing and branding.

- Be Persistent

Few businesses become overnight success stories. This is something you’ll have to accept if you want to enter the business world. Persistence will pay off in the end if you continue to do all the right things. You need to be consistent and stay focused on your goals. Did you know most startups take three to five years before they start turning in a profit?

- Know When to Call It Quits

Sometimes an idea will fail. The biggest challenge for an entrepreneur is to know when an idea has failed. It’s no point trying to revive a dead duck. So don’t be scared to change course if necessary.

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. Taking the time to learn and evolve is one of the best investments you can make to mitigate these risks.

I have tried my best to cover up the best online business Ideas. In case if I come across any good Business Ideas, I will surely update this article to include it.


I am Mohiddeen Ahmad, an enthusiast blogger, web developer.. Owner of Flowdiary Blog.. Follow me on Google+, Twitter, Instagram, and my YouTube channel

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