Better time in human history to set up a business and of course that’s mostly thanks to the internet in today’s video we’re focusing on businesses that can be scaled not online jobs that are limited by your working hours. so let’s not waste any more time and get straight to the 10 businesses you can start right away. that’s right not next week not even tomorrow but today.
Flipping goods
Flipping things, basically means buying something from one place and then selling it to somebody else for a higher price. Some people who do it, source their products from thrift stores, garage sales and flea markets. But you can do the entire process online and buy items from Amazon, Walmart, ebay or craigslist and then resell them. Even after, charges for processing and delivery, you can make good profits for clicking a few buttons on your laptop.
It’s a good idea to find a niche you’re interested in and that has potential for big profit. But make sure to look around that niche in detail to get good knowledge like customer behaviour toward your niche, potential of market and the trend of prices (buying & Selling). The idea is to get really good knowledge on the going rates in a specific area, More in-depth knowledge than any other people who buy and sell from time to time and that knowledge will give you the ability to make money. After doing it for a while on amazon and finding your niche you might want to start your own website.
just ask Ari and Chelsea Cohen, last year, they did over a million dollars and they are still growing.
:strip_icc():format(webp)/make-a-living-selling-on-ebay-1794700-final-fd33578f667c42438b4ec36eeebd8f32.png)
Image source: Thebalancesmb
Digital Courses
If you’ve got valuable know-how in a particular field of study, you can make money from one-to-one classes online but that isn’t scalable. The money you make depends on the number of hours you put in teaching lessons. But there is a way you can scale the same idea beyond the hours you put in.
Turn your lessons into an online course this is a great way of getting exponential sales without exponential operating costs. In other words you can keep on making money without putting in any more time.
you can do offer your course in two ways, like on udemy, or create your own wordpress Lms website. both have their pro’s & Con’s. decision depend on your ease, that how you will manage.
Also if you’ve got a successful blog you can collect a lot of your best ideas and experinces in the form of an ebook and the great thing is if you’ve already got a following on your blog, you already have a customer base. well-written ebooks can easily sell for ten dollars to download and if it’s really great it could sell for more than 10 . Keep in mind there are a lot of digital courses out there though so, if you want to differentiate yourself you’ll want to find a specific niche and offer a special book.
Online Accessories
Do you know anyone who doesn’t have a smartphone these days? Think about every tech product from phones to smart watches. That can be placed or wrapped in something. The market is huge, there are lots of websites that sell accessories in bulk and you can turn a pretty decent profit if you know what you’re doing. You can go even further and contact suppliers directly to negotiate better deals and figure out the best shipping routes to cut down cost. And if you have little extra busdget, you can hire a freelance graphic designer to make you some interesting designs of your accessories and make a deal with a painting and customs shop to apply the design onto your products.
Well, you are doing online business so you should use online resouces like canva, product design online, Piktochart, and some professional online product designs website like zakeke, vectary, sketchup and tinkercard. And here’s a pro tip make sure you also get full rights on the design after creating if.
some peoles ask will you get rich from this little business? probably not, but it’s a super straightforward business to get into and besides some pocket money you’ll also learn a lot about running a business online.
Design and Post-Production Agency
In the age of the internet, content is everything and every piece of content needs a face whether that’s a thumbnail, a banner, a cover or even post-production. There is no shortage of work. It’s also an interesting domain, if you’re a very creative person! Because the competitive advantage will come from your own ability to create better visuals and how good you are with clients and colors. but the competition is too big and hard for this.
The entry barrier for designers is very low because everyone who changed the color of a background on time is calling themselves a designer now. so that means if you’re actually good in adobe products and Html5 banners and know what you’re doing, you’re instantly better than the majority of people in the field. good news, now there are website which offers you making everything online like bannersnack, bannerboo, animatron and onlymega, everyone can use these but expert like you, will generate awesome banner in term of color, presentation and frame time.
Now, you also need to get good with handling clients and making good proposals that you actually can complete. People don’t mind paying extra if the extra is justified. After you get the hang of this hire some help to handle more projects at a time and you’re good to go.
Drop Shipping Products
You can’t have a list like this without mentioning drop shipping. Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product using the dropshipping model, it purchases the item from a third party and has it shipped directly to the customer.
But there’s an important note here, drop shipping can go very poorly if you’re doing it wrong. The argument against drop shipping is that profit margins are very low , and you need a lot of orders to get some real cash flow its Highly competitive. there’s also no reason people should buy from you if they can find the same product on a more trusted website like amazon.
People get caught up in the trap of drop shipping, when they try to make a website that sells literally everything that can be sold online and they expand too big into every market. Thinking the more products they offer the more chances they have, they waste time and energy thinking they’re making the next alibaba and that’s the wrong way to do it. there’s a website that made close to a million dollars in sales by selling only one type of item. with one design a blanket with a burrito print on it. others made a lot of money during this pandemic by drop shipping, puzzles people are stuck in the house they have nothing to do so they get puzzles to kill time.
Do you see the trend think of an item that will make someone go look what i got and then you’ve got something to work with. here is the the Right Approaches to Dropshipping.
Community Oriented Businesses
We’re talking affiliate marketing, blogs, podcasts, youtube channels and everything in between we decided to place them all into one group because they’re all super dependent on one very important factor, community. we can actually say the real business here is community building, then, it’s just a matter of how you monetize it. The thing with these businesses that is often neglected is you need huge numbers of orders or views, in order to be profitable. You want to make good money out of your blog you better have a couple million views a month you want to promote products through affiliate marketing to your community you better have a big number of loyal followers. Just to be clear we aren’t saying it’s impossible we’re saying if you want to start a blog to make money it’s going to take a very very long time until you get there. so unless you’re super passionate about writing and creating content it might not be the right call.
Concierge service
concierge is usually a hotel employee who’s in charge of making sure guests have stuff to do when they stay there. It can involve anything from booking restaurants, making reservations, organizing trips and so on. Have you ever planned a trip with your friends? and there’s always that one person who takes care of everything from accommodations to the logistics of the entire trip? and you think to yourself great! we should really pay you for this because we don’t have the time or know-how to search everything.
This can actually be turned into a pretty interesting new age business. Think of it like a new age tourism travel and event planning agency. People just want to enjoy and they have the money to enjoy whatever thay want, but they don’t always know where that cool stuff actually is and that is where you come in. let’s say you have a couple of friends who want to plan a trip next year they want to swim drive speed boats and watch the sunset from an infinity pool every night for two weeks straight.
Your job is to find the perfect location that has all the amenities they need along with flights transportation to and from the airport everything booked and ready. and you get to charge a fee for saving them time and research.
SEO and Data Analyst
A very similar concept to the graphic design agency where you need to have a special skill set beforehand, what can be measured can be tracked and improved and your job is to do just that. Not every business owner knows how to get their websites to come up on top in google or other search engines. And of course that means more traffic and more money. if you’ve got experience in this field you could use it to show business owners how you can use analytics data, strategic keywords and content structure to get more web traffic. Search engine optimization is becoming inevitable part of it industry, every little online business want to flourish online, to do this every business is pumping alot of money on this. and again it’s something you can learn fairly quickly if you’re internet savvy. Some important tools which are really useful and easy to use are Ahref, Seranking, ubbersuggest and semrush.
New Age Marketing
Marketing has become such a broad term that nobody can say what exactly it means, but think about it like this marketing is like movement, you can walk, run, ride a bike or rent a jet, if you have the money for it. The purpose is to get you going but it’s not about speed it’s about efficiency.
Do you remember the burrito blanket website of the ways they marketed their product is by promoting photos of cute puppies in burrito blankets on instagram. That’s what we mean by new age marketing in order to be successful online you need to know two languages: the first one is obviously english but the second one is internet language.
Internet language means understanding what makes a meme funny ?why tik tok clips are going viral? why the cake is a lie? and what’s on the hot page? on reddit right? now you can’t really learn internet language it’s something you just acquire by spending a lot of time online. and if you have the business skills too, you can turn this seemingly useless knowledge into a marketing agency.
Conclusion
Above stated ideas are trending nowadays . Pandemic has changed almost everything from living style to management of business.
Where pandemic has affected the economies of well establish countries, meanwhile created innovative ways of doing business. online is one & only.
but all of the ideas require a proper study of market, business plan and cost. Everyone should take into the consideration of all aspect before starting a business. Decision lies upon you and your pocket.
