Making a living or in some cases a fortune has never been easier. With the advent of Internet opportunities have never been greater. Now, from the comfort of your home or your bungalow in Thailand, you can design, create and launch your business with just a few hundred dollars. You just need an idea that sticks, a well-rounded plan and an unlimited desire to achieve your goals! To help you, we have summarized the 7 best opportunities for starting an online business in 2018.
Summary: 5 Minutes read, Level: Expert
Planning to start an online business? Want to become a blogger? Have an idea for an eShop? We can help you start! Here’s our analysis of the 7 best online business opportunities for 2018.
So without further ado, here are the best options you have. Keep in mind that for starting this type of business you need less than $1,000 and medium-level marketing knowledge with excessive willpower and firm commitment. Let’s go:
This is simple as the Amazon slogan itself: “You sell it, we ship it”. How does it work? You research niche products on Amazon with high demand and low supply (this is the most important part, so take your time researching, analyzing and calculating). When you find a good opportunity, the next step is to search for suppliers on Alibaba and brand those products with your own label. Last step is to sell the products on Amazon. Once you know how to do it, Amazons FBA program does most of the work for you.
Today with platforms like Shopify, Big Commerce and AliExpress you can create a drop-shipping company within 30 minutes. In summary, drop-shipping is the practice of selling a wholesaler or supplier’s products without having to actually carry the inventory. The whole process can be explained in five easy steps:
1) Find a supplier that most suits your target audience in terms of price, types of products,
delivery dates, payment, etc. This is the most important step, so again, take your time.
2) The next step is to find the best selling products or the products with the biggest discount.
After this, the process is semi-automated.
3) Get a tax ID.
4) Choose a platform most suited for your business (our favorite is Shopify).
5) Manage your listing and start selling!
To start, pick a popular genre, something like mystery or young adult sci-fi, and write one book. Give away this book for free. Then, here comes the fun part, write several sequels and charge them. If your original was good, you will have no trouble in finding an audience.
This is what many people dream of. Fact is: it´s not to difficult to become an Instagram influencer, if you just consider some important rules. Therefore read our guide of how to become a social media influencer. If you achieved building a massive community, you can do advertising and/or affiliate marketing from your account.
Whatever skills you have – especially if they’re computer or design related – you can sell on outsourcing, freelance online platforms like Upwork (this is the most famous platform and is for longer, more involved projects) or Fiverr (for short, one-off gigs).
People love to pay to learn things, especially if what they’re learning is in the field of happiness, making money, staying healthy, digital marketing or even applying their make-up. There are two options:
1) You can create an online course and put it on Udemy or another similar platform (a cheaper option to start, but the platform can take a large portion of the profit)
2) You can start an online course on your own site (a pricey option to start, but you take all the profit)
For this option you need more commitment and time, but you can earn a good regular income. Besides using them as a free traffic source for your website. eShop or business, you can monetize your YouTube channel or create a subscription for your podcast.
And that’s how to become a blogger. You’ll need to put the time in, but it’ll ultimately be worth it when your follower numbers go through the roof and you’ve got people hanging on your every word. You might even need to start disguising yourself when you go out in public!