You may have thought about what online business ideas can provide you with a steady stream of income, countless times, especially during this pandemic. But can’t seem to find the business that is right for you or unable to set it up for some reason. So, to help you get started, here are our best tips on building a profitable online business that you can start today.
And I will share with you a platform where I and expert members would be able to help you get there with all the tools that would be available. here are the 11 tips for online business.
1. Start a monetized blog
Nowadays, it is easier to start a blog and monetize it than it was years ago. However, you would have more competitors today with the same goal in mind: to earn an income from their blogs. So, you need to level up your game.
It is not just posting content regularly, but making sure that they are valuable to your audience. It should be a source of information that educates your readers while keeping them entertained. Find out what your audience would likely read about, the popular trends, or the in-demand topics.
And to help you with this task, you can use a keyword search tool such as Jaaxy. With this tool, you can find out what keywords people usually look up in search engines and use these ideas to create your next blog topic.
Then start monetizing by selling products or services on your blog posts, such as placing ads, and products, selling eBooks, sponsored posts, and so on. If you want to know how to start a blog that will reel in a passive income for you, here’s our source to help you get started.
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2. Join affiliate programs
There are thousands of affiliate programs that you can join, which will also help you earn decent commissions each time you promote their products or services. Choose the affiliate programs that are related to your niche.
Some companies may have some qualifications for their affiliates, and it’s best to acquire them to ensure success in your application. When you get approved, your unique affiliate link will be provided, which you can use in promoting their products.
It’s best to gain a bit of knowledge about SEO and copywriting, which will help you effectively promote your affiliate links.
3. Build an eCommerce website
Whether it’s for your own business or you would like to build and sell eCommerce websites, looking for a dependable website builder can be tough. You can find many of them promising almost similar benefits and features.
You can start browsing and comparing each one of them, or you can also take our top recommended web hosting service, Bluehost.com, which offers easy step-by-step website creation, more design freedom with WordPress, website safety and security, and 24/7 expert assistance for just $3.95 per month.
4. Publish your eBook
Publishing eBooks is another great way of earning an online income. If you have a passion for writing, you can create an eBook and earn from it while doing what you love the most. Or you can make use of what is already available, which is your blog posts.
You can compile the related topics together and make them into an eBook that your readers will find more valuable. You can sell them on eBook marketplaces online, such as Amazon.
5. Make an Audiobook
Audiobook has become a lucrative market, and it’s a waste not to take advantage of this opportunity. You can always refer to the materials you already have, such as your eBooks, and make them available in audiobooks as well. If you’re not comfortable voicing your audiobooks, you can always use apps that would do the voice-over narration or hire a freelance voice narrator to do it for you.
6. Create Online Tutorials
Creating online tutorials doesn’t have to start from scratch. When you already have your eBooks, you can make a video tutorial about them. And it doesn’t have to be you on the video reading your eBook and doing all the explanations.
You can make use of video tutorial maker apps that can render great animations and stunning images on your video tutorials automatically. This is a great way to share your expertise and provide a high-value product to your audience.
7. Make digital courses and products
Like writing eBooks, making digital courses and products allows you to share your knowledge and expertise with others and make money from it. You can make tutorial videos and slides about a specific and relevant topic and market it on your website, business pages, or social media accounts.
You can start with self-publishing ebooks on Amazon first, so you can choose what course idea would have the most audience following. You can also grow your email list by including email sign-up links at the front and back of your eBooks which you can use to market your digital courses.
8. Start a YouTube Channel
Your online business is not complete without starting a YouTube Channel in today’s world. With 2.3 billion users worldwide, you can’t ignore YouTube and the potential income you can generate from this platform.
Aside from that, you also have other platforms with massive users globally, such as Snapchat, Instagram, and of course, Facebook. All these platforms have video features you can use for your marketing.
Making videos has also become possible with just a few clicks away from using easy editing tools from free video-making apps. And it doesn’t have to be a long video since most people prefer short videos, which typically run for about 2-3 minutes.
So, unleash your creativity and make stunning videos featuring your brand, promoting your new product, showing your audience what’s happening behind the scenes, and so on. The possibilities are endless, and best of all, there’s almost zero investment since you can use your mobile phone camera to start capturing videos.
9. Start a Podcast for your business
Podcast listeners have been growing in millions worldwide; this is why starting a podcast for your business is a great way to market your products and services. Besides selling your own, you can also earn from paid sponsorships, direct support from your listeners, or affiliate sales.
You can also diversify your monetization strategy by uploading your podcast on YouTube or social media as well. In this way, you can reach out to audiences from different platforms.
10. Build a Dropshipping store
10. Build a Dropshipping storeDropshipping is building an online store to sell other people’s products and earn commissions from the sales. The start-up cost is usually low when compared to making and selling your products. You don’t have to do the inventory, and the shipping since your suppliers do those for you.
You also don’t need to have the technical knowledge to build your store. You can use eCommerce website builders such as Shopify with ready-made design templates and plug-and-play options so you can start running your dropshipping business right away.
11. Become an online consultant
If you have a ton of knowledge in a specific field or have years of experience in the professional field, you can try becoming an online consultant. You can either set up your own consulting company or do this as freelance work instead.
You can start finding clients within your circles, such as your family, friends, and relatives. Aside from doing the online consultation, this is also a good way to sell your eBooks and audiobooks.
Although some of these industries may seem saturated, there’s always a good circulation of newcomers and those who already stopped doing it for whatever reason. Your success will always depend on what you can offer to your audience, consistency, and hard work. Being good at marketing your business is also a crucial part of your success.
If you need help on how to get started with affiliate marketing, check out my #1 recommendation on building a successful business online. You can get access to hundreds of training videos, 24/7 support, professional consultations, private access to training guides, tools, personal private assistance, my personal help, and much more.
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This is a great list of online business ideas. We live during thought times, where many people have lost their jobs and are quite desperate to find other means of supporting themselves.
Also, many people are working from home and are just bored with the routine and would love an opportunity to do something new that would provide additional income.
Your ideas are great and simple enough for most people to be able to do. Also, you have presented a great variety, so everyone should find something that suits his/her needs.
With the country’s rate, we have no idea how long this pandemic would last and people not able to survive with the crumbling job market.
Now that they are home working for companies, they can adjust easily and see that they can work for themselves, and some are beginning to do just that.
The reason for the 11 tips is so that one can choose which best fits them, and take it and start to build an online business for themselves with my #1 recommendation teaching them to do just that with all the training and support they have available to them.
You certainly have provided many great ways to make a legitimate income online, and with the internet, the world is your oyster, provided you are willing to put in the work.
My favourite form of generating income is building websites, monetizing them with AdSense, and selling products. The best part is you don’t even need to stock the products yourself; refer readers to products that will help them, and if they purchase, you get a commission.
The more content you generate, the higher your income gets, so the sky is the limit.
With all the different ways to earn online that you have provided here, it is always best to get educated to be successful in the quickest possible time, without having to make mistakes that slow you down.
Thank you for your insights here, Michel. Building a business for yourself requires work, and if you are in the right platform or community that I have listed, the sky is the limit.
The reason for the 11 tips is to choose one or a few of them to make a full-time income from home working for yourself.
With the training at Wealthy Affiliate, you have all the training, tools and support to make that happen. If you put in the work, you can see some improvement within your first couple of months.