Running an online company is a dream for many entrepreneurs; COVID-19 has also had a significant effect on the ecommerce sector, with online spending rising by 77 per cent year over year to $82.5 billion in May 2020. With ecommerce revenues at an all-time high, now is the ideal time to start a simple online company.
We’ve selected a list of 5 online business profitable ideas to help you start your own online business and enjoy the versatility and freedom that come with it. None of these online business concepts involves a physical storefront, and some only require you to provide a service instead of a physical product.
- Teaching Online Courses:
Is there a topic about which you are especially knowledgeable? What about tax forms? Do you want to draw? You could start an online course teaching business if you have a camera and a computer. While you can find details about almost everything on the internet, hearing or seeing someone else explain something can be often helpful when learning a new skill or subject.
This need will be exploited by your course teaching company, which would provide an educational service to your target audience. Additionally, suppose you have a master’s degree or teaching experience. In that case, you might be able to work with an online course provider that will employ you to teach courses to their students online.
Start a dropshipping company instead then you don’t want the responsibility of making your products to sell. You can choose goods from suppliers and sell them online with this type of ecommerce service. You have complete control over your online business, including creating your website, developing your process, and managing all aspects of it.
Start by looking at dropshipping marketplaces or contacting producers and importers directly. There will be plenty of opportunities in the dropshipping space as ecommerce continues to expand.
- IT Consulting and Cybersecurity:
It may be one of the best online business ideas for you if you have a technical background but aren’t interested in coding or app development. As a cyber security expert, you’ll be able to partner with businesses of all sizes to evaluate their processes, conduct research, and provide advice about how to develop their setup.
Suppose you’d instead get something more fundamental. In that case, you might work as an IT consultant, assisting people or businesses with their technology by helping them set it up, troubleshoot problems, and provide general operational advice.
- Affiliate Marketing:
Remember, you don’t have to be a consultant to take advantage of your social networking expertise. Companies will pay you to leave favourable feedback and highlight products on your blog, Instagram, Twitter, YouTube, or other social media platforms. The bigger your profile, the more influence your brand recommendation will have, and the more product placement chances you’ll have. Affiliate marketing, also known as influencer marketing, is one way to put your social media skills to effective use as long as your followers aren’t turned off by it.
Starting a tutoring company is another way to explore if you’re interested in online business ideas for beginners that revolve around calling or video chatting clients to help them with different problems.
Tutoring will bring in lots of money—without putting in a lot of hard work, those studious entrepreneurs who perform well on standardized test scores, know how to teach the right test-taking techniques, and know their content inside and out. The better your results, the higher your credibility, and the more per hour, session, or bundle you will charge.
As a result, online companies aren’t for everyone. There’s no better time to get started if you’re researching any of the things on this list of easiest online businesses to start for beginners. You’ll be on your way to a successful lifestyle that most people dream of by exploring the various options, finding a startup concept that will work for you, researching ahead of time, and implementing an effective business plan.