Reed McManigle: Almost anything that is non-software based, such as medical devices/biotech, energy, chemistry, materials science, is harder to commercialize. The challenges are that these technologies are generally far from being market-ready, or even market-testable, when they are no longer eligible for the basic research-oriented federal funding on which they were based. While these types of technologies have the potential for huge impacts and upsides, they require significant amounts of time and money to reduce technical and market risk.
Have you ever thought about writing eBooks for a living? Or as part of your online business expansion, have you considered how to write an eBook and make money? Whether you’re a writer or not, gone are the days when you had to carry a physical book around to feed your desire to read. Put technology and mobility together, and you’ll have an entire library of eBooks or digital books right in your mobile device that you can browse anytime, anywhere.
Econsultancy – Listed 7 out of 20 times, brings online marketing news and analysis stories that are quoted elsewhere often. This is one of the top digital marketing blogs that covers all the aspects of internet marketing and even more specific niche industries. They offer practical advice for marketers along with innovative trends. It is also a good place to find current online marketing stats. 

If you have your own eCommerce store, social media is the perfect platform to showcase your products. Demonstrate your products in use and tell your social following why they need to buy your merchandise. Most social media channels allow you to add ‘buy’ buttons your pages, allowing your followers to easily click through to your site and make a purchase.
Webinars On Air is a powerful webinar tool that will enable you to create professional webinars for your viewers. Harnessing the power of Google Hangouts, this all in one solution will take care of all the technical aspects of hosting a webinar, including payments. Also have a look at our guide to the best webinar software, both free and paid options.
Rest and relaxation are vital and are a necessity to ensure success. One of the reasons you are creating an online business is to enjoy the benefits that it has to offer, such as flexibility and enjoyment. So make sure you take at least one day a week where you don’t do anything work-related. You can them come back to work on Monday morning completely refreshed and will see things from a clear perspective. Working too hard will not benefit you or your brand.
These days, it seems like everyone is hoping to become an entrepreneur and come up with “the next big thing”. Who can blame them? When successful, the benefits to owning a startup are obvious: being your own boss, creating something from scratch, bringing value to the people around you and, of course, making a bit of coin along the way. But the key phrase in that equation is, “when successful.” Too often, startups fail – 75 percent of them, to be exact, says The Harvard Business Review. So what goes wrong?
Bram Kanstein is an Amsterdam-based entrepreneur and co-founder of We Are Off The Record, a digital growth agency for startups. Bram also made Startup Stash, a curated directory of 400 resources and tools to help you build your Startup that has helped more than 300k+ entrepreneurs from around the world. Here's the best business advice Bram has to impart with entrepreneurs who want to start a business for the first time:
Millions of people have listened to Steve Jobs’ 2005 commencement speech at Stanford, and for good reason. He nailed the passion issue: “You’ve got to find what you love… Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle.”
7. Repeat after me – “I have an ugly baby.” A lot of business owners love their websites, but the first step to improving your website is to admit that it has some deficiencies. No website is perfect, and every website can use improvement. If you have a website, you have an ugly baby [sorry]. Just how ugly your website is, however, is open to discussion.
Different online income streams to begin your online business could be ebooks and online courses, niche websites, membership programs, software development, consultation programs and packaging existing content to sell as a bundle. Ducker says “It all comes down to knowing who you’re helping, what their problems are, and most importantly – creating a solution to a problem that they will happily part with a little hard earned cash for.”
Online sites like Etsy and ArtFire are platforms that make it extremely easy for crafters who can produce a steady supply of quality handmade items, like crocheted blankets or unique painted glassware. Startup costs are extremely low if you purchase your materials in bulk from a craft supplier, and if you can turn around orders quickly, you'll be making a profit in no time at all. It's even possible to turn your store into a full-time gig.

They don’t fit into the corporate environment: Entrepreneurs don’t often thrive in corporate environments. It’s often very restricting for their growth. They may dislike the lack of control they have in their role or the office politics. In general, you can spot an entrepreneur in a corporate environment as they’re usually trying to gain more control in their role and learning their coworkers responsibilities to better understand how everything fits together.
Based on my own experience, it pays to be a thought leader in your own industry. In today’s world, it is easy to publish your own information (including videos), but the traditional media outlets still carry a lot of weight. Get positive exposure and help others by sharing your expertise. By building up a following and strategic partners, good things will happen. On a side note, it pays to love what you do. Hard work and dedication can separate success stories from those that do not have their heart in it. As the old Confucius quote goes, “Find something you love to do and you will never have to work for the rest of your life.”
Robert is a seasoned entrepreneur and investor who's built & sold several companies to major brands like AT&T. Now a leading authority on information security technology, he's also one of the most recognizable faces from ABC's award-winning show, Shark Tank where he's earned a reputation for sharing down-to-earth business advice to young entrepreneurs. Here's Robert's best business advice for aspiring entrepreneurs when it comes to pitching your idea:
Here’s a good example of how lead sales can work in real life: My second website, Life Insurance by Jeff, brings in a ton of traffic from people who are searching the web to find answers to life insurance questions. While I used to have the website set up so I could sell these people life insurance myself, it was a lot of work to process all the different requests and clients. As a result, I started selling the leads I gathered instead.
The first type of education to consider is something directly related to your field. If you are looking opening an auto shop, you will obviously need some education and certifications related to car repair. If you are thinking about being a self-employed electrician, you will need the latest education and training with wiring and circuitry. If you want to run a restaurant, training in food service will be useful. Pretty obvious, right?
You can sell anything online to make money. The better question is what you should sell online that you’re interested in. It also depends on your goals. If you’re just trying to get some extra money now, then clothes and electronics are a good bet. If you want to open a store and sell things online full time, then you’ll need to explore your options based on your interests.
Once you have one or two samples to show prospective clients, it's then time to find some. Sites like Freelancer and Upwork are good places to start out. But you don't need to stick to the same path taken by every other freelance writer. Use some lateral thinking to find clients. Join relevant groups on Facebook or LinkedIn. Have a look for forums dedicated to web development, digital marketing or SEO – there's almost always a “writers for hire” section you can use to find new clients.
Successful entrepreneurs know the importance of lifelong learning. Whether you’re new to the business world or a seasoned veteran, you should always be looking for new information about entrepreneurship and trends in your particular industry. If you’re looking to learn and grow your business this year, here are some insights from members of the online small business community.
The really cool thing about outsourcing these virtual jobs to say the Philippines or India is that you can spend your time during the day meeting up with clients and by the evening, you can send out your assignments to your virtual team. Because of the time differences, they can work on those assignments overnight, so you’re able to get twice as much work done with this online business model.
I am friends with several small- and medium-size-business owners operating in service-providing industries. One of them, Lyuda Ksenych, CEO of H2H Movers, a moving company located in Chicago, attributes a large portion of their recent growth to small yet effective changes to the company’s online marketing efforts. Here are five online marketing tips, some of which can be done at no cost, that helped Ksenych’s business and can also help you thrive in competitive industries.
The sheer facts point to continued explosive growth of online ads. And we're still in the infancy of the internet. The earlier you capitalize on this industry, the quicker you can build it into a formidable online business. Study and learn all the intricacies of advertising on platforms like Facebook and Google. Find courses, or use the free material available from a multitude of platforms to become a seasoned pro. 
"These days, I advise young entrepreneurs to see their current employer as an investor in their own business, while they grow their business on the side. One of my guests mentioned that a day job doesn't need to be seen as a bad thing as long as it helps you develop the skills, capital and/or network you'll need when you do decide to go out on your own. So, learn to see and appreciate the job as a means to an end."

You should have a succinct and compelling story about what your startup does and what problem it solves. Have this ready for potential customers and investors (although you will need to tailor it to the specific audience)‎. Keep it to 30 seconds or less. Articulate your mission and goals, and why your product or service is compelling and unique. And if an investor is interested, be prepared to follow up with an executive summary about the company or a 12-15 slide PowerPoint “deck” that dives into more detail about the company and the market opportunity.


Many aspiring entrepreneurs think that fast, rapid growth is the sign of a successful business. However, most businesses are built slowly, over years and even decades. Whenever possible, entrepreneurs will build slowly, starting with the very first sale and crawling forward. Building slowly allows you to learn and make adjustments before plunging headfirst into the business. Dealing with new situations provides valuable on-the-job entrepreneurship training you won’t get from any formal degree. In many cases, entrepreneurs will keep their day jobs while building the business in their spare time.
This is a more technical way to make money online then most of the other strategies given. But you can get an excellent course on how to make it happen with Steve Chou’s Create a Profitable Online Store program. Steve and his wife have built a highly successful online store – selling wedding napkins – and he’s anxious to provide insider secrets to people who sign up for his course..
As a ghostwriter, you will be provided with the basic outline of a piece which you will then author in someone else’s name. This type of writing service is used to produce a wide range of materials in different fields. For instance, in literature ghostwriters write books, manuscripts, reports, white papers, etc. In journalism, they create articles, blog posts or feature stories. The theatre and film industries use ghostwriters to produce screenplays, scripts or even lyrics for songs.
There you have it – a  comprehensive guide to the best online businesses to start this year. We deliberately didn't cover ideas like app development or IT support because they require specialized skills. That's why we only provided you with businesses you can start with very little money. In fact, you can even start some of them with very little knowledge.
Social Media Examiner: Social Media – Listed 10 out of 20 times, offers everything needed for social media strategy. Readers can find advice on social media platforms like YouTube, Facebook, Twitter, Pinterest, Instagram, Google+, Snapchat, and more. Browsing and following this digital marketing blog helps formulate an effective social media strategy for different channels. The articles and posts include case studies, podcasts, review of the latest industry research, and expert interviews along with latest social media updates & news.  This is a blog to bookmark for anyone implementing social media marketing.
With apps being constantly developed, competent app developers are in high demand. Again, if you have the experience or skills to create successful apps then this could be something you could end up working on as a full-time freelancer. Check out adverts for developers on Toptal, a higher paying jobs site for experienced freelancers wanting to make money online.
Throughout your customer journey, there are bound to be moments when timely intervention on your part makes the difference between a sale and a “let me think about it.” Make sure that your marketing supports sales in finding these moments – whether it means sending automated follow-up emails to prospects that leave the road or designing new offers.
Entrepreneurs create jobs: Without entrepreneurs, jobs wouldn’t exist. Entrepreneurs take on the risk to employ themselves. Their ambition to continue their business’ growth eventually leads to the creation of new jobs. As their business continues to grow, even more jobs are created. Thus, lowering unemployment rates while helping people feed their families.
"These days, I advise young entrepreneurs to see their current employer as an investor in their own business, while they grow their business on the side. One of my guests mentioned that a day job doesn't need to be seen as a bad thing as long as it helps you develop the skills, capital and/or network you'll need when you do decide to go out on your own. So, learn to see and appreciate the job as a means to an end."

Creating and selling courses on your blog can be a successful way to make money online. The course itself should be relevant to your blog, and based on a topic that will benefit your audience. Although it may take time to create the course in the first instance, once completed, you can then repeatedly make money from the course each time you sell it.
Sara Blakely first started her Spanx brand in 1998. She was one of the first creators of women’s leggings. Her brand specializes in shapewear and also includes bras, panties, hosiery and more. She’s also the inventor of arm tights which allows women to wear their summer clothing year round. At one point, Blakely was the youngest self made female billionaire.

Content Marketing Institute is your one stop shop for all things content marketing! Whether you’re a beginner or an expert, write for B2B or B2C, you’re bound to learn something new here. Some of the things we love most about CMI’s blog are their extensive case studies and statistics (the most cited in the industry!). Another cool feature is the ability to search for content by industry, so you’ll always find something that matters to you.

Reed McManigle: Each of the examples you mention have been under development in universities for decades before becoming 'overnight successes'. The pace and breadth at which they are now being deployed masks the long history that led to this. I would put AI/ML and robotics at the top of the list of technologies 'whose time has come' in terms of corporate and investor interest.
Similar to a YouTube vlogger, if you have a large following on Instagram then you could become an Instagram Influencer. You will be paid to promote products in your photos, from wearing certain clothes to action shots of you using particular merchandise. As your Instagram following grows, you may start out simply receiving freebies in return for a picture of you with the item in the shot. However, for those with followings running into millions, you can expect large payments to display products in your pictures. Use sites like Hype Factory to help connect you with companies prepared to pay for your influence.
Amazon is one of the most popular affiliate programs in the world, and it’s getting more popular by the day, but it really shouldn’t be considering the commissions are so low! It’s not just Amazon that you can affiliate with; there are 1,000 affiliate programs to choose from. Although Amazon can be lucrative, there are some much better options out there, allowing affiliates to earn up to 75% commission in some cases! Work in your own time
Instead, take the time to come up with original content for them, all of which is relevant to the content on your main blog. In each article, make references back to your main blog and provide SEO optimized links back to the articles on your business's main Site. Doing this effectively can move your company's site up the Google ranks to the front page. It's like having a fleet of ships out there, rather than just the one.
Putting up a website in the internet is step one of the tough road to successful internet marketing. Step one doesn’t give you everything – it’s just the foundation. After you’ve created and established an online presence, you have to make sure to follow up with other online business needs. Such as, as earlier stated, a blog (ahem!), Social network integration (ahem ahem!), and yours truly, SEO (ahem ahem ahem!). My advanced package answers all of those needs by the way. Just in case you’re interested. Just saying.
Provide excellent customer service. Answer any questions buyers post as quickly as possible. Be professional and courteous. Positive communication builds your reputation with buyers and gets you return business. Also, package your product well and ship it out quickly. Allowing an item to become damaged or taking too long to ship can negatively affect your reputation among buyers. Wrap all items, especially fragile ones, in appropriate packaging. Commit to shipping items as soon as you receive payment.[32]
Occam’s Razor – Listed 5 out of 20 times. Another great blog with a slightly different approach than the other players around. Recent posts include: (i) Digital Analytics + Marketing Career Advice: Your Now, Next, Long Plan, (ii) Stop All Social Media Activity (Organic) | Solve For A Profitable Reality, (iii) Artificial Intelligence: Implications On Marketing, Analytics, And You.

"Pretty much anything you are going to go through, someone else has already gone through. Pretty much any feeling you are going to have, someone else has already had. Any obstacle, any roadblock, ANYTHING! Someone has come up against them and figured out a way to get around them. Tap into that. Whether it's reading a book, reaching out or shadowing someone, get help and then do it better."


The first time it happened I didn’t think much. After the third time, I got the message. During the short time I dealt with this business, people consistently left. If you made it to the six-month mark, you were some sort of hero and would probably be given a free surgery to say thank you for your work and make you feel worse about your own body at the same time.
“Our Facebook Group is not just a group, it’s a community and we have organically grown it to over 20,000 members in a little over a year. I help promote other people, we celebrate other women often, and truly practice collaboration over competition. I think that I have grown such a strong following not only because I create good, logical, content, but I have created a trusted brand that is uplifting, but also fun.” – Dana Malstaff
Derek Halpern has built a really strong personal brand. He’s the founder of a software and business training company called Social Triggers and makes a LOT of money teaching people how to sell what they know best. And what he knows best is how to sell. If you’ve got some serious expertise, start making money out of it by selling online courses or simply teaching online.
Running a business consulting company is a great option for those who’ve been involved in the process of building a business before. Whether you’ve gained your experience through working with a number of different startups or learned the secrets of business management in a more corporate environment, helping other entrepreneurs achieve great results can include everything from business planning and forecasting to liaising with banks and institutions.

If you're interested in online marketing, setup email software and create a lead magnet that you can use in your sales funnel. Then, build up that list. It's often said that you can expect to earn about $1 per subscriber per month. If you have a list of 10,000 subscribers, that means you can earn roughly around $10,000 per month. You will need to deliver value and not pitch them on every email, but it is a very achievable goal in a short period.


Online business ideas are endless and all-inclusive. Most office-based jobs can now be done online through freelancing or remote working. The beauty of technology means that profitable online businesses will keep growing and growing, making the world a truly global marketplace. If you are considering moving away from the traditional career path and want to start your own business, read through our list of business ideas a few times and contemplate the many ways you can start a successful online business today.
Tools & Resources: I’ve written a pretty comprehensive guide on the best web design software that covers both free and premium software packages. If you’re serious about becoming a web designer, then I recommend purchasing the full Adobe Creative Cloud Suite. At $49.99 per month, this is probably a bargain considering what you can achieve with this set of tools.
Creating and selling courses on your blog can be a successful way to make money online. The course itself should be relevant to your blog, and based on a topic that will benefit your audience. Although it may take time to create the course in the first instance, once completed, you can then repeatedly make money from the course each time you sell it.
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