YouTube is the third largest site in the world, so there’s no surprise that video is becoming one of the main communication mediums for businesses of all types and sizes. If you have video filming or editing knowledge, it won’t take you long to build your clientele. Everything from video production workshops and video editing services to soundtrack libraries and DIY tutorials can appeal to the business world. Producing a video might be one of the most attractive online business ideas with lots of creativity and challenges.
They want flexible hours: Entrepreneurship is often popular around those who need flexible hours. Many people with disabilities often enjoy entrepreneurship as it allows them to work when they’re able to. Parents with young children might also prefer entrepreneurship as it allows them to raise young children at home or pick them up from school without having to feel guilty about it. Students may also like the flexibility of entrepreneurship as their course workload might not allow them to work standard office hours.
However, if you do understand the mechanics of paid advertising, then you could easily launch an ad management business. Considering that ads are fueling the growth of tech giants like Facebook, Instagram, Google and YouTube, with loads of others coming into the mix, understanding and navigating the murky waters of paid advertising could poise you to reap massive riches.
Entrepreneurship is not for the faint of heart. Running a business can be challenging, and it takes hard work and perseverance to achieve a high level of success. Whether you’re already in business, or looking to start a business, it pays to heed the advice of others who have walked in your shoes. I asked a few self-made millionaire entrepreneurs to share their advice for being successful in business. Here’s what they had to say:
Perhaps best known for their annual Social Media Marketing World gathering in San Diego, Social Media Examiner founder Michael Stelzner and his team help millions of businesses discover how to best use social media to connect with customers, drive traffic, generate awareness, and increase sales. Their weekly Social Media Marketing Podcast features success stories and expert interviews from leading social media marketing pros.
Find a profitable niche: We’ve talked about this a lot. But, where are you most comfortable. What niche do your skills, values, and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that’ll be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showcasing that strength to your potential clients.
Matched Betting (not available in the USA) enables you to gamble (nearly) risk-free. I say nearly as there is always room for error! It involves placing bets on all outcomes of an event, using free online bets given out by the Bookies. Although it may take a while to get your head around the concept, Matched Betting can make a substantial addition to your monthly income.
HubSpot – Listed 12 out of 20 times, Hubspot is known for starting the inbound marketing movement, and they are considered for giants in the marketing universe. It is a high-quality marketing blog filled with insights and tips and presents a great example of content that delivers value to its users and target customers alike. Hubspot has three blogs: marketing, sales, and agency— each targeted to a slightly different audience.
If you are a professional photographer or have a real flair for photography, then selling your images on other sites could be an idea. This could be done alongside your own photography site, as it is a good way to help get your work viewed by a wider audience. There are numerous stock image websites to contribute to, but choosing a popular high-end site like Shutterstock should ensure your photographs make you some money.
No matter which way you do it, it’s passive income—money you earn while you sleep because you put these products up for sale on your website and a customer can buy and download them any time of day or night, automatically. All you have to do is check the sales periodically to see what topics or types of products are selling best so that you can make more of those.
It’s not easy to convert a prospect into a customer. It is, however, relatively easy to convert your prospects into list subscribers. For many businesses, the email list – which prospects land on by volunteering their contact info in exchange for content – is the best asset they have. By sending a single email, you could make thousands of dollars in one day.
Survey Junkie is another popular online marketing and survey site, and they’re also a great option if you’re looking for ways to make money online. Survey Junkie lets you complete offers in exchange for points which can be redeemed for awesome rewards such as cash, gift cards, and more. All you need to do is fill out some basic information and you can get started completing offers right away.
The vacation rental business is booming. While the mere mention of it might make you think about billion-dollar titans like AirBnB or HomeAway, there are niche businesses like Michael Joseph's InvitedHome and Joe Poulin's Luxury Retreats and many others being carved out across a variety of markets. When it comes to vacation rental homes and vacation rental management, companies are earning anywhere between 10 percent and 40 percent on the gross rental rate depending on the location and the management level.
There’s plenty of work and clients to be found. If you know where to look. To start, you need to know if there is enough demand for your skill to make it worth the effort to go out looking for work. Start by searching for freelance postings on sites like Flexjobs, SolidGigs, Contena, greatcontent or one of the dozens of other skill-specific freelance job boards.
By building an extensive following, this will allow you to gain profit by attracting key advertisers or get commissions by promoting other brand products (think affiliate). Blogging is big business; just ask Heather from Dooce.com. She’s a mom that blogs daily about her children and pets and has successfully turned her daily adventures into a very lucrative business by simply making money blogging. One of my favourite ways to make money from a blog is by creating your own online course.
Do you like finding interesting ways to decorate and want to share those ideas with others? Do you sift through magazines, clipping images, sorting them into make-believe rooms in your scrapbook wanting desperately to see these rooms for real? Become an interior design consultant and have people send you pictures, ideas, and dimensions to their rooms for you to decorate digitally for them. You can use the likes of a VR tool to pick furniture from real stores and choose a color scheme that suits the owner. The sky’s the limit with this role and creativity is in full flow.
English is rapidly becoming the most dominant language in the world. That means the demand for English teachers in other countries is far outstripping the supply. One of the most common remedies to this situation is to hire online English teachers and tutors. The best part is that becoming one of these tutors is a great way to make money from home online!
Online marketing consists of the digital channels (i.e. your website, emails, banners, social channels, videos, etc.) that businesses use to attract and capture customers and prospects. Whereas traditional marketing focuses on reaching massive mainstream audiences using tools like radio and television, online marketers concentrate on reaching niche audiences through digital interfaces.
Shopify is another great option if you are wanting to create your own eCommerce store. Shopify is arguably easier to set up than WooCommerce but will give you less control over your storefront and cost you more long term. However, if you have little to no experience of creating websites or using WordPress, or you are working to a very tight time schedule, then Shopify may be the perfect eCommerce platform for you.
Prior to having some meaningful feedback from potential customers (or in the case of medical technologies -- some efficacy data), it's next to impossible to recruit outside entrepreneurs or to solicit investment. SBIR/STTR [Small Business Innovation Research and Small Business Technology Transfer programs, also known as America's Seed Fund] funding can be a bridge over this gap, but it's a slow process and requires someone (often a PhD student or post-doc) to commit to being in a startup that has scant funding, instead of pursuing a more stable job in a larger company or an academic career. SBIR/STTR funding only pays for research, so it may not be possible to involve an experienced business partner/entrepreneur with the scientific founders in the early stages of the company, which can stunt their business development efforts.