The internet has grown and evolved to become much more than what people could have ever imagined decades ago.
Asides from the benefits of information and communication technology, and being a tool for our entertainment, the opportunity to make money through the internet is incredible.
Forget the hype, making money online practically has to do with you, an internet connection, a computer or smartphone (depending on the type of business you want to do), and the product or service you offer online.
If you’re new to the idea of making money online, you’re going to need someone to point you in the right direction. You need someone to show you where the money is.
In this post, I’ve handpicked the best online business ideas for beginners that you can start, and make money fast.
Advantages of having an online business.
Why should you or anyone else start an online business today?
There are lots of good reasons to start earning online, ranging from the very popular ones like earning extra income to the uncommon ones that most people don’t know.
So here are the advantages of starting and operating an online business:
Table Of Contents
- 1 Advantages of having an online business.
- 2 The Future of Online Business
- 3 Profitable online business ideas for beginners
- 4 1. Freelancing
- 5 2. Blogging
- 6 3. Sell your products online eCommerce
- 7 4. Dropshipping
- 8 5. Start a YouTube channel [vblogging]
- 9 6. Become a Facebook or Instagram influencer
- 10 7. Social media manager
- 11 8. Publish an eBook on the Amazon kindle store
- 12 9. Buying and reselling domain names
- 13 10. Sell your software or programming services
- 14 11. Investing in cryptocurrencies
- 15 12. Offer SEO services
- 16 13. Do translation work
- 17 14. Online tutoring
- 18 15. Taking online surveys
- 19 A quick recap And Conclusion……
You earn money online in foreign currencies
With an online business, you can reach a wide range of people scattered all over the globe. You can provide your services to clients in America, Asia, Europe, and some of those countries with currencies that may be stronger than your local currency.
Especially if you come from one of those countries with weaker currencies.
You can reach a global audience.
Through the internet, you can reach a wide range of people who will pay for your product or services, and this increases your chances of making sales.
Isn’t this amazing?
What better way to increase your odds of generating steady income than to have access to the global population?
This is probably the greatest contributing factor to the success that lots of people have enjoyed in online business ventures and given that this factor remains constant, anyone with the right initiative can still get in and start making money as soon as possible.
Your time, your schedule.
Running an online business offers you a great deal of freedom and flexibility. You work when you feel like working and get to slack off or take a break anytime you feel like it, without needing anyone’s permission or approval.
You get to work at your own pace. You’ve got no deadlines to meet (except the ones you set for yourself)
You can decide to work in the morning or cancel it and reschedule it for the evening. Operating an online business gives you the liberty to do all that.
You are your boss
If you’ve got a 9-5 job right now, then there’s no arguing that you’ve got a boss. The harsh reality is that just like any other employee out there, you can be laid off anytime.
If no one has ever thought of this harsh reality about working for someone, then I’m sure that with the events that unfolded during the covid -19 pandemic, people have been pointed to that fact.
Thousands of people were laid off (that’s probably a better way to say FIRED.)
Those people lost their jobs when they didn’t expect it. But if you choose to go full-time with making money online, then you’re automatically going to be your own boss.
You won’t have to worry about getting fired, especially when you need that paycheck the most to stay afloat.
That also means no random guy dishing out orders to follow just so you can get a paycheck at the end of the month.
You’ll be in total control of your finances, all the money that comes in is yours, and if you want, you’ll be the one doing the hiring. And you become a business owner. How’s that?
Reduced cost of operation
Compared to offline, online businesses are cost-efficient.
You may indeed need to pay for domain names and web hosting services (depending on the type of business you choose), but these fees and some others you may need to pay are relatively cheaper than the cost of owning an offline store. Based on our experiences so far on starting a blog, it’s highly recommended you get started with Bluehost Company [ Bluehost offers exclusive cheap price & free domain ]
Most online businesses do not even require any capital. That means you can start making money online doing certain stuff even if your bank balance is zero.
In general, the cost of starting and managing a business is one of the distinguishing factors between offline and online business ventures.
The Future of Online Business
The opportunities to make money online are huge. You know what?
Wikipedia reported that there are an estimated 7.8 billion people in the world. Out of this number, according to Statista, 4.66 billion are active internet users as of October 2020 (that’s more than 50% of the total population), 4.14 billion are active on social media, spending an average of 2 hours and 24 minutes every day on social media.
This number will only continue to increase each year. So what does this tell you?
If more than 50% of the global population are active and spending more than 2 hours online every day, then the internet is the new planet.
This means that there are thousands and even millions of people that’ll gladly pay for your product or service.
There is a market online, and it’s huge. If you jump in today, you’re sure to claim your share of that market.
Profitable online business ideas for beginners
As I said previously before we got to this point, online business involves selling a product or rendering any kind of service online.
This section contains the most profitable online business ideas for beginners that you can easily start. All you have to do is to pick the one that interests you and get serious with it.
If there’s anyone you like and will want to try your hands on, but don’t have the skills, do not be discouraged because every skill can be learned.
So if you’re serious about earning money online, then you should consider trying any of these:
This comes first in the list of online business ideas for beginners because currently, there is a high demand for writers, graphic design Seo service and other freelancing.
This is due to the need for businesses and individuals who want to maintain an online presence and be visible on search engines to consistently create and publish contents on their websites or blogs.
To meet up with the task of creating content on their various platforms, some of these businesses and individual blog owners outsource their writings to others.
To give you an insight into how big the freelance writing industry is, mediabistro reported that the demand for technical writers is expected to grow by 10% by 2024, which is faster than the average for all occupations.
So if you’re fluent with words, and can create quality content, then you can take advantage of the growing demand for writers and start making money online.
You don’t need to be the best writer in the world before you can start a freelance writing career.
If your writing skill is anything above average, you’re good for a start, then you can improve and figure the rest out as you go.
According to freelance writing, the average freelance writer earns $10,000 or less yearly.
But you should know that when you’re just starting, you may not earn anything close to that figure, but you can be sure you’ll earn enough.
Blogging is a great way you can make money online either as a side hustle or as a full-time career.
So many people have been able to quit their job and go into full-time blogging, and they’re crushing it big time.
So how much money can you make through blogging if you start today?
No one can be able to compute the exact figures you can make as a blogger for sure, but If you put in the time and effort required by consistently creating quality contents and growing your audience, and with the right monetization strategy, you too can earn enough money from your blog.
According to millennial money, it’s pretty easy to make an extra $500- $2000 per month blogging in your first year, in 2 years, and beyond after you’ve built traffic and subscribers, you can increase revenue to $100000+.
To show you how real this is, Forbes reported that the owner of smart passive income Pat Flynn made over $2 million in the year 2016 through his blogs.
When you’re just starting, you may not be making anything close to these figures. It may even take some time to start earning from your blog.
But if you remain consistent with creating and publishing relevant content, building your audience, and with a good strategy to grow your subscribers, you’re sure to start pulling in income in a shorter time than you can ever imagine.
3. Sell your products online eCommerce
This is how the biggest online retailers in the world Amazon, Alibaba, eBay, and the rest of them built their empire.
And if you’re wondering that because these are big brands and they’ve already dominated the market so there’s no need to venture into the e-commerce space anymore, then you’re wrong.
There are 7.8 billion people in the world remember?
So the sky is big enough to accommodate all the birds. So online retailing is still yet uncovered.
Recent studies have revealed that the e-commerce industry is expected to experience a 265% growth rate from $1.3 trillion in 2014 to $4.9 trillion in 2021.
This steady growth is partly due to the global rise in the use of mobile devices. As a result, people buying behavior have also been influenced greatly.
More and more people tend to purchase their products online. Ranging from cosmetics to heavier equipment like furniture and the rest.
This upward trend in online buying is predicted to be on the rise in the coming years without decline.
So if you’re looking for a way to make money online fast, you may want to consider being an online retailer. But starting ecommerce business require a lots learning and skills, if really need any recommended proven success ecommerce course “ kibo” is the right course for you
In dropshipping, you also sell a product online, but you don’t get to keep the goods you’re selling in stock.
The difference between dropshipping and standard online retail is that in dropshipping, the seller accepts orders from customers, but does not have the goods in stock. Rather he will transfer the order and the details for shipment to the manufacturer, a wholesaler, or some other retailer, who will then supply the goods directly to the customer on his behalf.
You get to keep the money that remains after subtracting the wholesale price from the selling price.
The beauty in dropshipping is the fact that you don’t even have to own the goods you’re selling.
So you don’t have to worry about the cost of paying for a warehouse or the cost of shipping the product to the customer, all you have to do is :
- Collect orders for the product on your online store.
- Forward the order along with the shipping details to the drop shipper who is either the manufacturer, a wholesaler, or another retailer.
- Then the dropshipper packages the product and then ships it to the customer on your behalf.
- You keep the money that remains after subtracting the wholesale price from the selling price. It’s that simple.
Here are some shopping cart platforms recommendations if you want to start your dropshipping business today:
5. Start a YouTube channel [vblogging]
This is a good online business idea for beginners who want to earn from google services. YouTube offers you an opportunity to make money from your content creation efforts.
You can start a YouTube channel and start making money just like many others.
If you’re ever wondering about the possibility of making good money on YouTube or maybe you’re wondering how much one can make on YouTube, then you need to know that Lilly Singh makes $10 million on YouTube.
You know what?
She’s not even the top earner on YouTube. That position is presently occupied by Ryan Kaji, who earns a whopping $26 million on YouTube.
Does that hit a nerve?
I’m not saying you can earn as much as they do. I’m not saying you can’t earn as much either.
My point here is that you realize the huge money potential on YouTube, and start taking it seriously.
If you want to start earning on YouTube, then you’ll have to create a YouTube channel and grow it to 1000 subscribers, with an accumulated watch time of 4000 hours over a prior 12 month ( which is the YouTube partner requirement ),
When you reach the YouTube partnership requirement, you can start earning on YouTube through Google AdSense, fan funding, merchandise sales, or brand sponsorships.
6. Become a Facebook or Instagram influencer
People approach social media with different agendas.
To some, it’s just a place to share photos, chat with friends, or hook up. While a few others are making legit money off it.
If making money on Facebook or Instagram sounds sweet to your ears, What you need to do is to build a following on any of these platforms you’re active in. Having a huge following on any social media will make you an influencer and with that comes the opportunity to earn.
Here are some of the ways you can make money if you have a following on Facebook or Instagram:
- You can promote an affiliate product
- You can create and sell your informational products.
- You can offer coaching and consulting services to your followers.
- You can get paid to promote other brands.
7. Social media manager
Corporate bodies and individuals are leveraging on the benefits of being visible online.
As a way to increase brand awareness, connect with customers, and also promote their products or services, businesses are now using social media as an effective marketing tool.
To achieve these purposes, they’ll need to regularly create contents that will engage their audience.
Most of these brands outsource the task of managing their social media handles to other individuals. You can offer this service and get paid for it.
8. Publish an eBook on the Amazon kindle store
If you’re looking for ways to double your hustle and create a system that guarantees you a steady flow of income, then you may want to consider publishing an eBook on the Amazon kindle store.
Anyone can publish an eBook on the Amazon Kindle store and make some bucks from it.
Because there are no boundaries to the online space, the market for your eBook is huge, and with this comes a big opportunity to make steady sales.
Reports suggest that more and more people are adapting to eBooks. With reports on medium stating that user penetration for eBooks is currently 10.5%, which is expected to reach 11.8% by 2022.
With goodereader confirming the global upward trend in ebooks, with their statements that the sale of ebooks was up by 16.5%, generating $956.3 million for the first ten months of 2020, and considering that ebooks accounted for 10% of all trade sales in the U.S in November of 2020, you can be sure that writing and publishing an ebook is a great idea.
If you can write something that provides information that is relevant to people, then you already have a market you can sell to.
An easy trick to make this super successful and make sure your ebook sells is to make it affordable( especially if you’re don’t have a huge following)
You can price your book for £1.49-£6.99 and pocket 70% on every sale.
And considering that Amazon is a master seller, you can be sure to see the money flowing like running water.
Another trick is to write a book that provides value. Write non-fiction books.
9. Buying and reselling domain names
A domain is simply a website address ( for example, Wikipedia.org, medium.com, twitter.com) and many others. There are many extensions you can opt for such as .com, .net, .edu, etc.
Buying a domain name is cheap. You can spend as little as $0.99 to register a domain name with Godaddy
You know what?
You can buy and register a domain name today for less than $15 and resell it for a big price that can run into thousands or even millions.
For example, In 2019, the domain name Voice.com was purchased for $30 million.
I felt that same way when I learned that you can buy a domain name for a cheap amount and then resell it for that big amount.
If you are able to buy a domain name with a commercial value, then you can be onto something big.
You may probably not make anything close to that figure, but for sure you can get a good price for any valuable domain.
The trick is to search for domains with resalable and commercial values. You can then buy and list it for resale at sedo.com
If you’re thinking about giving it a shot, then Godaddy Auction is a great place where you can find domains that have good commercial and resellable value.
10. Sell your software or programming services
Do you know anything about programming?
If your answer is yes, then you can make money from your skills. And if you don’t know a thing about programming, you can learn and market the skill.
With good programming skills, you can build your web or mobile app or even mobile games and make money by selling It, advert placements, or you can offer your expertise as a freelance skill.
11. Investing in cryptocurrencies
Of all the several means you can make money online, this is the risky stuff.
As of the time of writing this, Bitcoin which is the most popular cryptocurrency in the world is worth $20,000+.
Asides from the risk involved, if you want to see tangible profits, then you’ll need to make a substantial investment.
I tried my hand at crypto trading in 2018, with an investment of $13. In January of that year, bitcoin had peaked and reached an all-time value of $20,000 per bitcoin.
Everyone started taking notice and it was practically on the lips of everyone.
Then it started to experience a free fall, going from a staggering $20,000 to around $7,000
Back then, I could only afford to part with $13 because I was a student.
With that, I bought $13 worth of bitcoin when it was still valued at $7000+ then.
After my little investment, the value dropped down further to $6400. At that time, I decided it was best to cut my losses and sell before the price plunged any further.
Fast forward to today, The value of bitcoin has hit $23000. I keep wondering, what if I didn’t sell off the investment I made back then? I could have gotten more than three times my investment, and what more if I had invested a big amount?
Investing in cryptocurrencies is time intensive and you need to have a good knowledge of crypto and keep up with trends for you to be able to make correct predictions.
If you have an interest in trading in crypto, then you might want to consider investing in cryptos.
12. Offer SEO services
There are over 1.7 billion sites in the world, with more than hundreds aiming to be visible on search engines for a particular keyword.
The competition for who ranks on search engines and who sits on the last page of Google or other search engines to a good knowledge of SEO (search engine optimization).
This service is in great demand especially with various websites and blogs vying to rank on google’s first page over specific keywords.
You can learn SEO (on the page, of the page, and technical) and when you know the ins and outs of search engine optimization, you can offer this service to both individuals and corporate bodies who want to be visible on search engines.
For stress you can learn SEO from watching youtube, reading SEO articles, or signing up for courses related to SEO.
13. Do translation work
If you’re good and fluent in at least two foreign languages, then you can help companies or individuals translate words between these two languages.
Here are some of the sites where you can make money as a translator:
14. Online tutoring
You can make a lot of money for tutoring people online.
If you’re a student, this can be the perfect side hustle to help you earn extra income. Whether you’re a student or not, you can become an online tutor, provided you’re an expert in the topic and have a degree that proves you’re qualified to teach the topic.
According to studenomics, a guy named Bohdan made $2100 from giving accounting lessons.
If you consider yourself knowledgeable enough on a topic, then you can tutor online and make decent cash from it.
Here’s a list of platforms you can land tutoring gigs.
15. Taking online surveys
Taking surveys online is a great way you can make good use of your spare time and earn some bucks in the process.
Through surveys, brands, and market research companies gather data and valuable information they can use to improve products and services.
You can earn between $0.5 -$35 for a single survey you’re able to complete.
Earning money by taking a survey online takes some time, but if you remain consistent, then the money will stack up and amount to something.
All you have to do is to provide answers and fill forms online, and in return, you get cash rewards when you complete each survey. If this is something you’ll like to try out, here’s a list of some legit sites that pay users to take surveys online.
A quick recap And Conclusion……
Can you make money online?
Whether you’re a student, a sit at home mom, a civil servant, or whatever you are, the word is that anyone can make legit money online.
All you have to do is to pick any of the online businesses ideas listed here, and get serious about it. You can do it as a side hustle, and just like many, you might start making enough and you may decide to ditch your 9-5 job and go into it full time. The key is that you just pick anyone that sounds good to you and start.
User Review( votes)