29 Reliable Online Business Ideas You Can Start Today

Look, I get it.

Most folks out there think this whole “online business” thing is just a pipe dream.

They clock in at the office, put in their 9-to-5, and can’t fathom a life without the daily grind.

But here’s the thing – I’ve been there, done that, and let me tell you, the freedom of making a living online is hard to beat!

90% of all businesses fail though …

First of, that stat is straight-up wrong.

In reality, online businesses have a ridiculously high success rate if you consider only external factors as reasons for failure.

Second, the idea of a “soul-crushing commute” every single day, for the rest of your life, should have been enough motivation to try and discover something new.

Let’s dive into the most feasible online business ideas of the 2020s!

01. 🎖️Create a Blog

Blogging✍️ has come a long way since its inception.

It is by far the most effective way to create a long-lasting asset online.

Why? Because the internet runs on blogs.

It is a marketing and monetization tool, with a low overhead cost.

Skills Needed

✱ Website Creation & Content Writing
✱ Keyword-Research & SEO
✱ Cold Email and Marketing
✱ Audience and Networking

How do I get started?

Some Resources to Get Started:

✱ Great Content.
✱ Helpful Content. Search results FAQ by Google
✱ SEO Basics. Beginner’s Guide to SEO by Ahrefs
✱ Digital Marketing. Ultimate Guide to Marketing Strategies by Hubspot

Blog Earning Potentials:

01. Advertising

Easy / Beginner Friendly

Through Google AdSense or Other Ad Networks like Mediavine.

Or selling banner ad spaces directly to advertisers.

02. Affiliate Marketing

You recommend/promote other people’s products on your website.

And you earn through a referral link.

03. Sponsored Content

Different from affiliates in that it usually pays per project, and has higher commissions.

The challenge here is finding the right partners. (You have to reach out to them manually).

04. Membership Programs

You offer exclusive content or services to members who pay a monthly or yearly fee.

This is a great way to build a loyal community and earn recurring revenue.

05. Sell Digital Products

Digital products like ebooks, software, and printables can be a great way to make money from your website.

They’re easy to create and can be sold directly to your audience.

When it comes to blogging, publishing high-quality content regularly is more important than publishing mediocre content every day.

2. E-commerce (Dropshipping)

The beauty of an eCommerce business🛍️ is that you don’t have to pay rent for a physical storefront, and don’t need as many employees.

Compared to traditional retail?

Yes, and With Dropshipping, it even gets better!

You don’t need to hold any inventory or handle shipping.

You create an online store, and when a customer orders a product, you buy it from a third-party supplier, mostly (like Alibaba) who ships it directly to the customer.

How to get started?

Step 1: Find Your Niche

Niche is relevant when it comes to Dropshipping.

(For example, Pet Toys and Beauty Products sell like hotcake).

Facebook & Amazon are goldmines for product ideas like that … Search terms like “free worldwide shipping” or “50% off” and filter by videos to see what products are being heavily promoted.

Step 2: Source Your Suppliers

Products and suppliers for your e-commerce business. The bread-and-butter.

Look for reliable and trustworthy suppliers that can provide you with high-quality products at competitive prices.

Aliexpress and World Wide Brands are great places to start.

Step 3: Set Up Your Website

Popular options include Shopify, WooCommerce, and Magento.

But of course, you can take a look at the best website builders for your needs.

Step 4: Test and Sell Your Product

The best way to scale right now is via TikTok.

With your website set up and your products sourced, it’s time to start selling.

Make sure to optimize your product listings for search engines and use high-quality images and persuasive copy to encourage customers to purchase.

3. SaaS (Software)

SaaS = Software as a Service

Some 70% of the business apps that companies use are basically SaaS🖥️.

To start a SaaS business, you simply need to identify a problem that users face and create a software solution that solves that problem.

You have to think like an entrepreneur … it’s called “producerism”, we talk a lot about it here.

The first step in creating a successful SaaS business is to define your product USP.

What makes your product different and better than the competition?

The magic of SaaS is instant access to a Global Market.

That’s the magic of the internet …

Exactly.

Similar to blogging though, you need to know about things like Inbound marketing, SEO, content marketing, online advertising, so on …

Here are Some Great Guides:

✱ The SaaS Handbook | Freecodecamp
✱ Starting a Software company | Foundr
✱ How to build a successful SaaS business | Stripe

4. Marketing Agency

Every business needs clients, thus the need for marketing agencies📣

But why would they hire one?

Because most of them usually don’t have a kickass in-house marketing team.

… Since they are lazer focused on producing their product, I don’t blame them.

That’s where you come in.

The key here is: Specialize, Specialize, Specialize.

Skills Needed

✱ Networking/People Skills
✱ Lead Generation
✱ Content Marketing
✱ Business Automation

“Ignoring Online Marketing Is Like Opening a Business but not Telling Anyone”

The bottom line is: You need to learn digital marketing!

Honestly, YouTube is a gold mine for this stuff, but my favorite read was this Marketing Agency Guide from Everyone Hates Marketers.

5. Develop a Course

If you have expertise in a particular area, you can create and sell an online course🎓.

Online learning is rising, and people are willing to pay for quality courses that teach them new skills.

In fact, Online learning is the fastest-growing market in the education industry – it has grown 900% since its humble start in 2000.

But first, Ironically …

You need to learn how to teach.

Here are some cool finds:

✱ “12 STEPS to Create & Structure a High Ticket Online Course” – by Sunny Lenarduzzi

✱ “How to Create an Online Course for Beginners (Start to finish)” – by Gillian Perkins

✱ “How to Create a Profitable Online Course – STEP-BY-STEP” – by Pat Flynn

What platforms to use?

Skillshare, Udemy, Coursera

These, along with others are industry standards.

6. Create a Marketplace

Yes, A Marketplace … Like, Amazon!

But niched down to something specific.

Like?

Like a place to sell handcrafted goods, or bikes, home services, supplies, phones, antique and vintage cloth, and what have you …

Whatever you are an expert on, or you know people will love to have a niche marketplace for it.

Go build that.

Example: Creative Market and Etsy.

They’re both marketplaces, for digital items like fonts, wallpapers, and printables.

Marketplace giants such as Airbnb, and Uber show just how successful the marketplace platform model can be when executed well.

The business model is very clear as well, you as the marketplace charge fees to the sellers for listing their stuff or (often) take a cut of each sale.

Skills Needed

✱ Web-Creation/Development
✱ Networking/People Skills
✱ Lead Generation
✱ Content Marketing
✱ Business Automation

Online marketplaces have gotten insanely popular because hey, who doesn’t love shopping from their couch?

2024 and beyond we’re looking at around 6.3 trillion in e-com market volume.

“Your brand is what other people say about you when you’re not in the room.”

Quote by Jeff Bezos.

7. Start a Podcast

Podcasting has blown up in recent years.

And it’s an awesome way to build an audience and even make some cash from your content.

What kind of content thrives in podcasts?

Educational, entertaining, inspiring, or value-packed, actionable steps to achieve sth …

Compared to the blogsphere with over 600 million+ blogs, podcasting feels like a tiny little corner with only around 2 million+ shows in 2024.

The point is, there’s not a lot of competition here.

Where to Get Started?

✱ Podcasting 101 Guide: What is Podcasting & How to Start – by Riverside Fm

✱ How to start a podcast: The creator’s step-by-step guide – by Spotify

We learn best, by doing.

So, Decide on a topic, format, goals, and roughly how long you want episodes to be. Then record a test episode to get comfortable behind the mic and work out any kinks.

Try to do this in under 4 days, and congrats.

You are already a podcaster!

Turning your podcast into a brand, and building a landing page, and reputation should come later on once you’ve figured out the basics.

How do I market my podcast though?

Tell your friends.

Social media (on Twitter, Instagram, Facebook, LinkedIn) – wherever your target audience hangs out online.

Ask them to not just listen, but drop a review to help give you visibility and share episodes they enjoyed to expand your reach.

Get to know and collaborate with other podcasters in similar niches, and see if you can lock in some guest appearances on their shows to cross-promote to their audiences.

8. Lead Generation

A Lead: is basically someone who is at least somewhat familiar with what a company does and could realistically turn into an actual customer down the road if nurtured properly.

It starts with, understanding the ideal customer profile (ICP). If you understand that you know what to look for.

So as a lead generation agency, your job is to find people with the highest probability of becoming leads, AND TURN THEM IN TO LEADS.

Skills Needed

✱ Research. To gather information about potential leads.
✱ Sales. Effectively communicate the value proposition.
✱ Negotiation. Favorable terms with clients.

You Have to Essentially “Be” Your Clients Better Than Your Clients.

So if your clients have a website, you need to have a better one as well.

If your clients get traffic, you need to get more traffic.

The riches are in the niches skills here.

Earning Potential?

Roughly an ROI of 4400%, for every dollar invested.

As for the average earnings, this can depend on the industry, the quality of the leads, the quantity of leads you can generate, and how effectively you can sell them.

9. Become an Influencer

Folks who can make you want to buy their outfit just by posting a selfie with it?

We’re talking about influencers, baby! 😎

An influencer📸 is an individual who has gained a significant following and credibility.

So why would someone pay an Influencer?

Like, instead of Paid Ads for example?

Better ROI!

They have a LOYAL audience.

And not to mention, INTERESTED people, in that topic.

This means better leads, and it means a better return on marketing efforts.

So your goal is …?

To build a loyal audience.

Bingo!

The basic formula is to find a way to consistently post new content on a specific topic.

Where? Social Media.

Most influencers hang out on Instagram, Tiktok, and Youtube

But you can’t just keep posting into the void, you will need to jumpstart traffic to your page, by using a shoutout or a paid ad.

Skills Needed

✱ Social Media Growth. Tactics used to go Viral.
✱ Consistency. Posting every day/week.
✱ Presentation. Ability to convince the viewer.

Platforms to Use

✱ Upfluence. Connect with 1,600+ mega brands.
✱ Grin. Ecommerce influencer marketing.
✱ Direct DMs on socials

10. Flipping Domain Names

Domain Flipping = Buying a domain name and parking it until it’s value increases over time.

It’s more like an investment.

And needs time and patience …

How is the profit potential?

Some domains (that are one word long with a .com), might even sell between 1K all the way to 500K+

First, buy a cool catchy domain name you think a brand would one day want to buy … for $12 or so.

You can register it on Godaddy or Namecheap.

After you’ve registered your domain name, list it for sale on a domain marketplace such as Flippa, Sedo, or GoDaddy Auctions.

This is by far the most straightforward business model listed in this guide.

11. Consulting for Startups

9 out of 10 startups fail, Period.

It’s no surprise that startup consultants are in high demand!

Many new entrepreneurs need guidance, such as developing a business plan, marketing strategy, financial planning, and more.

As a startup consultant, you provide industry and market insights specifically tailored to new businesses.

Based on your analysis, you’d prepare a report with actionable recommendations.

This needs some experience in the field, of course.

Since startup consulting involves evaluating the operational aspects of a startup and providing recommendations for improvement.

Skills Needed

✱ Business and marketing experience
✱ Problem-solving skills
✱ Failure and success in a startup env’t

Are there freelance platforms for this stuff?

There are.

GrowthMentor, Clarity, MentorCruise, are some of them.

But as always I would recommend building your own network and serving your clients on your own website eventually.

You can offer your services on a one-time or ongoing subscription basis, depending on what works for you best.

12. Make a website for Clients

Think about it, approximately 252,000 websites are created every day! 👀

Creating websites🖥️ for clients is a popular online business that requires technical skills and creativity.

But you don’t have to be a developer for this.

You can specialize in a platform, such as WordPress or Squarespace, or offer custom web design services.

Or go the coding route, if that’s your cup of tea.

Clients usually wanna see proof of experience though, so you wanna build a portfolio of your past work to showcase your skills.

You must have some design or coding expertise from free or personal projects (at minimum), which may be an excellent starting point.

Skills Needed

✱ Web design and development
✱ Proficiency in HTML, CSS, and JavaScript (Optional)
✱ Pro client communication

And don’t worry about becoming a jack-of-all-trades; once you’ve mastered the basics, you’ll be able to specialize in one of them, making you a T-shaped webmaster.

13. Become an SEO Expert

SEO is bigger than you think!

Search engine optimization🔎 (SEO) has one of the best ROIs next to cold emailing.

If you have a background in marketing or digital media, even better!

Keyword research, content optimization, link building, and analytics are just the tip of the iceberg.

Skills Needed

✱ Strong writing background
✱ Digital marketing experience (Is a plus)
✱ Take an SEO Course on the Fundamentals

Understand the fundamentals of Crawling, Indexing, and Ranking. (And Algorithms).

You need to know about on-page and off-page optimization, content quality, relevance, and keyword research.

Understand important SEO metrics such as positioning, impressions, clicks, CTR, organic sessions, and conversion rate.

Some SEO Resources:

✱ “SEO Starter Guide” – by Google
✱ “SEO Fundamentals” – by Backlinko
✱ “SEO for Beginners” – by SEJ

And finally, practice!

Build your websites and work on them to gain hands-on experience.

14. Social Media Manager

SMMA📱 is exactly what it sounds like.

To run a successful social media management firm, you need to have some social media expertise.

Ah… Of course

And by some, I mean a lot! 👀

Gain some experience through internships, working with small businesses, freelancing, or enhancing your social media channels.

Skills Needed

✱ Project management
✱ Marketing analytics
✱ Personal brand
✱ Digital Marketing

Your primary task is to create, maintain, and grow the brand’s online image while engaging with the target audience.

Get Started Here:

✱ “Fundamentals of digital marketing” – by Google
✱ “Social Media Management” – by Meta

15. Self-Publish a Book

300 Million+!

That’s the number of self-published books sold every year in the 2020s!

If you’re interested in writing something, that means there is something you are passionate about.

Something you wanna share with the world.

That will help you choose your genre.

Why self-publish?

Self-publishing📖 grants you (the author) the freedom to independently share and distribute.

No gatekeepers…

Self-Publish Platforms:

✱ Amazon Kindle Direct Publishing
✱ Apple Books
✱ Barnes and Noble Press
✱ IngramSpark

For more traditional options: United States: List of American Publishers

How to Market Your Book?

Successful self-published authors employ a combination of strategies:

• Book Reviews. On platforms like Amazon and Goodreads. You could also reach out to book bloggers and ask them to review your book.
• Book Launch Event. This could be a reading, Q&A session, or a party that celebrates the release of your book.
• Media Outreach. Send press releases about your book to local newspapers, magazines, and online media outlets.
• Book Giveaways. Host a book giveaway on social media or through your email list to generate buzz.
• Book Signings. Organize book signing events at local bookstores, libraries, or at relevant conferences and events.
• Paid Advertising. Consider using paid advertising options like Google Adwords, Facebook Ads, or Amazon Advertising to reach a larger audience.

16. Invest in Real Estate

Real Estate🏠 is definitely a smart investment!

Why? It’s evergreen …

Investing in real estate is THE #1 way to generate maintain wealth and achieve financial stability.

It involves purchasing properties to generate cash flow through rental income, capital appreciation, or both.

Real estate investments can take various forms, (such as residential, commercial, or industrial properties).

Research your local real estate market for properties that have the potential to appreciate.

What to Look For:

• Location. Proximity to amenities, quality of schools, and employment opportunities.
• Market conditions. Supply and demand, housing affordability, and flexibility.
• Investment strategy. Buy-and-hold, fix-and-flip, or wholesaling.
• Property management. Expertise in tenant relations, maintenance, and regulatory compliance.

Tools to Use:

✱ Airbnb. A global rental and accommodation marketplace.

✱ Stessa. Free AI-powered asset management software (tracking income and expenses, monitoring portfolios, and so on … )

✱ DealMachine. For finding off-market properties and contacting owners with home purchase offers.

17. Drop Servicing

Drop servicing🛎️ involves offering services to clients by outsourcing the work.

Look out for trending tasks that are in high demand.

What do you mean by trending services?

Here is what I mean:

• AI Services. Prompt engineering, Image generation, AI Content Creation and Dev
• Digital marketing services. Search engine optimization (SEO), social media management, pay-per-click (PPC) advertising, and content marketing.
• Web development. Custom website design, e-commerce website development, and website maintenance.
• Video production and editing. By partnering with experienced videographers and video editors who can create promotional videos and educational content.
• Copywriting and content creation. services like blog writing, product descriptions, email marketing copy, and sales copy.
• Voiceovers and background music. Youtube voiceovers, or beats and music production for content creators

Drop servicing, in a nutshell: Identify a Market 🡲 Source Providers 🡲 Create a Platform 🡲 Promote Your Business Manage Orders 🡲 Manage Orders

Read More about Dropservicing here.

18. Youtube Channel

Creating a YouTube channel🎬 is an exciting way to share your expertise with a wide audience.

At this point, YouTube itself isn’t new …

But being successful on YouTube still is!

The tricky thing about it is that there is no clear timeline for success.

Look, YouTube is the second most popular search engine (with 2 Billion Users) on the internet—right behind Google.

You need luck to be successful on YouTube.

I get why you’re tempted to say that.

But it’s more than just luck …

Factors for Success

✱ Posting Consistently
✱ Don’t niche out too soon
✱ Dropping value
✱ Editing Quality

Read: How to Setup and Automate a Brand New YouTube Channel.

Engagement is the lifeblood of a successful YouTube channel. Make it a habit to interact with your viewers by responding to their comments.

How Do You Make Money With Youtube?

YouTube’s business model primarily revolves around advertising, premium subscriptions, and creator revenue sharing.

• Affiliate Marketing. Create engaging video content promoting the affiliate products, including affiliate links in your video descriptions, and earn a commission from the resulting sales.
• YouTube Partner Program. Content creators can join the YouTube Partner Program (YPP) to monetize their channels. YouTube shares ad revenue with these creators based on factors like the number of ad views and clicks.
• Super Chat and Super Stickers. These are features available during live streams, allowing viewers to pay for highlighted messages or stickers that stand out in the chat.
• Channel Memberships. Creators with a large enough following can offer channel memberships, where viewers pay a monthly fee to access exclusive content, badges, and other perks.
• YouTube Shorts Fund. This is a fund created to incentivize creators to produce short-form video content (under 60 seconds).

19. Create and Sell Digital Products

Digital Products 💻 are awesome!

Software, Checklists, Ebooks, PDFs, Wallpapers, Templates, Program-specific assets, 3D Models, Music … so on.

Make once and sell forever …

Here is my favorite example: Easlo, a notion Digital Creator, who made over $100K in just over 4 months from selling only ONE type of digital product: Notion templates.

Entry barriers are lower for obvious reasons.

Which could be a bad or good thing.

The scalability though, is virtually unlimited:

• Automate processes. Automate repetitive tasks such as order processing, customer support, and content delivery.
• Infrastructure. Ensure your digital product delivery infrastructure can handle increasing traffic and downloads efficiently.
• Offer upsells and cross-sells. Increase the value of each customer by offering complementary digital products or premium versions of your existing products.
• Expand your product line. Diversify your digital product offerings to cater to different customer segments and increase your market reach. Variations, bundles, or complementary products.

But I need to build a website to host them … right?

That is the best thing to do, but there are alternatives:

✱ Etsy. Vintage wallpaper and stuff …
✱ Creative Market. Graphic design resources.
✱ Gumroad. Sell digital content directly to customers.
✱ Notion. Sell notion templates.

20. Web Hosting Service

What makes the internet as we know it a reality?

Webhosting🌐 is the powerhouse behind your favorite websites.

But I bet you didn’t think of web hosting as a potentially lucrative business model.

But I thought you need a very large capital for it.

Let’s say $10-$20 per year for a domain.

Around $500 for could services like AWS and GCP.

And another $200 for a Cpanel License, and whatnot.

You can start with less than $1000!

Which Type of Server?

• Apache HTTP Server. This is the most widely used web server software and the most compatible with all major operating systems.
• NGINX. Often used for serving static files and for reverse proxying, among other uses.
• Microsoft Internet Information Services (IIS). IIS is a flexible, secure, and manageable web server for hosting anything on the web.
• LiteSpeed. This high-performance (fast), lightweight server handles thousands of concurrent connections with minimal memory and CPU usage.
• Node.js. While not a conventional web server, Node.js is a JavaScript runtime that allows you to build scalable network applications.

Read 🡵 Why LiteSpeed Is Better Than NGINX

Reseller vs VPS Hosting?

Reseller hosting allows you to sell hosting solutions as your own without the need for server setup.

The account owner (you) can use your allotted hard drive space and bandwidth to host websites on behalf of third parties.

Essentially, you purchase the host’s services wholesale and then sell them to customers for a profit.

This is a good option for those who want to start their own small hosting business, or for web developers and designers who want to add hosting as an additional service for their clients.

For VPS Hosting you need the hardware, but each site is given its own dedicated portion of the server’s resources.

Each VPS has its operating system, disk space, and bandwidth, and the user has superuser-level access to the operating system instance, allowing them to install almost any software that runs on that OS.

How Profitable is Web Hosting?

Everyone needs hosting …

And Hosting is “Cheap”.

So the profit comes from having a lot of customers!

By 2028, the web hosting industry is expected to reach $267.10 billion.

But currently, For starters, the revenues of web hosting firms vary greatly, ranging from $500 to $10,000 a month.

21. Affiliate Marketing

Affiliate marketing💷 is a popular way to earn passive income by promoting other people’s products and earning a commission on each sale.

It’s a multibillion-dollar industry, and it’s giving creators opportunities like never before.

The mere concept of making money easily, around the clock, from wherever you are may send goosebumps down your spine!🤑

Again the business model can not get simpler: you, as the affiliate, take on the noble responsibility of marketing the products of another individual or company.

But even though the business model is easy, the business itself requires smart work.

So how do I do it?

Well, I’ll skip the obvious (for the scope of this guide) steps like Decide on a Niche, Choose a Domain Name, and Create a Website or a Channel bla bla … 🙄

And focus on the more important steps like:

• Join an Affiliate Program. Networks like Partnerstack, Amazon, or Directly check the brand’s website.
• Drive Traffic to Your Website/Channel. Without traffic or audience, there are no potential customers. Use SEO, social media, email marketing, and paid ads to attract targeted traffic.
• Cloak Your Affiliate Links. This step is helpful but not always necessary. Link cloaking can make affiliate links more attractive and trackable.
• Track Your Campaigns. Many affiliate programs provide their own tracking options, or you can use tools like Google Analytics.

22. Online Survey/ Research Platform

It’s basically developing a web-based application that allows users to create, distribute, and analyze surveys, questionnaires, and polls.

Could be for various purposes, such as market research, customer feedback, and academic studies.

Some established examples you can look at are Survey Monkey, Google Forms, Qualtrics, Mopinion,

Wow, never thought of this …

Right? But it’s a really good passive model.

And here is what I saw in a lot of survey/form websites …

Features to Include?

✱ Customizable survey templates
✱ Question types (multiple choice, text entry, Likert scale, etc.)
✱ Logic branching and integrtions
✱ Data export options

I’ve also noticed that accessibility standards (like WCAG) really matter when it comes to these kinds of sites.

Monetization methods

• Subscription Model. Users pay a monthly or annual fee to use your platform. You can offer different tiers, with each tier offering more features.
• Pay-Per-Use (Credits). Here, users buy credits they can spend on creating surveys or collecting responses.
• Advertising: If your platform has a large user base, you could generate revenue through in-platform advertising. May detract from the user experience if not handled carefully.
• Partnerships and Affiliates: Offer your users special deals on related services. You could earn a commission for each referral.
• Data Analysis: With users’ consent you could analyze aggregated and anonymized survey data to provide industry benchmarks or trend reports.

23. Email Marketing

Email marketing✉️ is a stealthy sword.

Email marketing is considered one of the best marketing strategies due to its cost-effectiveness.

And high return on investment (ROI). Like 44X on your investement …

You could do email marketing as a service, or as a product.

Let’s look at both …

Email Marketing as a Service

Your goal is to manage and optimize your client’s email campaigns.

You would need to develop valuable content that engages the audience and drives them toward the desired action.

Charge clients based on the size of their email list, the frequency of email sends, or the complexity of their campaigns.

Offering bundled services, such as content creation, can also provide additional revenue streams.

Example Platforms: GetResponse, and ActiveCampaign

Email Marketing as a Product

A tool that helps marketers/clinets manage their email campaigns.

Example Platforms: MailerLite, and Brevo

You would need to develop valuable content that engages the audience and drives them toward the desired action.

Charge clients based on the size of their email list, the frequency of email sends, or the complexity of their campaigns.

Offering bundled services, such as content creation, can also provide additional revenue streams.

Example Platforms: GetResponse, and ActiveCampaign

You can price it with a Freemium model (basic free access with premium features), subscription plans based on the number of contacts or emails sent, pay-as-you-go plans, etc.

And you can include pro features like:

✱ Segmentation tools
✱ Email templates and scripts
✱ A/B Testing
✱ Automation and Analytics

24. Virtual Event Planner

Virtual events📆 have grown in popularity in the post-pandemic age.

Even zoom created Zoom Events, as people started metting online a lot!

So that’s what you’ll plan/manage here.

Things like celebrations, webinars or meetups, can be considered a virtual event.

Why would people wanna do that?

Instead of pysical meetups?

Well it’s pretty simple.

Virtual events remove geographical limitations and allow attendees to participate from anywhere in the world.

They also eliminate costs related to venue hire, catering, speaker travel, and accommodations for attendees.

What Does a Virtual Event Planner Do?

• Plan the content. Design the program, schedule, and activities for the event.
• Send out invites. Using various channels like email, social media, and event marketing platforms.
• Prepare for the event. Ensure that all technical aspects are in order, such as testing the virtual event platform, setting up the registration process, and preparing any necessary materials or presentations.
• Engage your audience. Design interactive activities and encourage participation from attendees to keep them engaged and interested in the event.
• Prepare to troubleshoot. Have backup plans in place for any technical difficulties that may arise during the event.
• Send out post-event follow-ups. Provide attendees with access to event recordings and thank them for participating, which can also encourage them to join future events.
• Debrief. After the event, evaluate its success, gather feedback, and use the insights to improve future virtual events.

25. Sell Handmade Crafts

Handcrafted Crafts🧶, believe it or not, is a thriving business!

People seem to enjoy the uniqueness and emotional significance that handcrafted items provide.

Platforms like Etsy and Shopify serve as launchpads, allowing crafters to set up online stores and market their creations to a global customer base.

Why Handmade?

Handmade products, as opposed to mass production, stand out from the crowd due to their originality and personal touch.

These variables allow sellers to charge greater prices for their goods.

Also, handcrafted items are sometimes perceived as a more environmentally responsible alternative, adding to their appeal.

Patrick Adair Designs is a stellar example of a successful handmade business.

The company, which creates unique, handcrafted jewelry like rings, thrives on a few key principles that can make any handmade business lucrative:

• Unique, high-quality products. Each ring is a unique, meticulously crafted piece, giving an edge over mass-produced items.
• Compelling brand story. Patrick’s journey and passion enhance brand identity, fostering customer loyalty.
• Strong online presence. Efficient digital marketing and online sales reach a global audience, increasing sales.
• Premium pricing. Despite higher production costs, the high perceived value of their unique rings supports premium pricing.

26. Jobboard service

According to a report by FortuneBusinessInsights, the online job board industry is projected to reach USD 43.39 billion by 2027.

The business model is rather simple really.

Job boards💼 generate revenue simply by charging employers for posting a job.

(Not to be confused with a freelance website like Fiverr or Upwork).

Some popular job board services include Indeed, Glassdoor, and LinkedIn.

It can be highly scalable, as it does not rely on the production of physical goods.

Skills Required:

✱ Technical Setup & Development
✱ Website Optimization & Visibility
✱ Marketing & Sales
✱ Customer Relationship Management

27. Amazon FBA

Amazon FBA (Fulfillment by Amazon).

Leverage Amazon’s fulfillment and shipping network to store, pack, and ship their products to customers.📦

The OG!

Wait why didn’t you include this around the top?

Because it’s been talked about, over, and over, and over again.

Amazon FBA is not new, but it still deserves a spot on this list.

Amazon handles the warehousing, shipping, and customer service aspects of the business.

This allows you the seller, to focus on other aspects of your business.

You know … like, the actual product.

Fun fact: There are over 2.5 million+ active sellers on Amazon and over 300 million+ active customer accounts.

Skills Required:

✱ Market Analysis
✱ User Acquisition
✱ Website Development
✱ Data Security

How to Choose the Right Products?

• What’s Trending Now? Just go to Amazon and browse as a regular user, filter products by sale, and look at the types of products that are featured.
• Profitability Analysis. Product price – (Cost of goods + Amazon FBA fees + shipping and handling costs).
• Seasonality. While seasonal products can be profitable, they often lead to inconsistent sales throughout the year. Ideally, look for products that have steady demand year-round.
• Brandability. Products that can be privately labeled or branded have the potential for higher margins.
• Competition. A product with thousands of identical listings might be harder to break into than a niche with fewer sellers.

Best Tools to Use:

✱ Helium10. keyword research, product research, listing optimization, and more.

✱ Jungle Scout. sales estimates, competitor analysis, and product opportunities.

✱ Camelcamelcamel. price tracking tool for Amazon

✱ Viral Launch. product research, listing optimization, keyword tracking, and sales analytics.

28. Last Mile Delivery

The last mile of delivery is the critical final step 🚚.

From the fulfillment center to its ultimate destination, typically a personal residence or retail store.

Companies get nervous about it cause, customer expectations are spoiled by Amazon!

So the name of the game is …

Deliver fast.

Yes.

Think of using something fast and cost-effective.

Like electric vehicles, bikes, or even drones.

Did you know that last-mile delivery accounts for up to 53% of a product’s total shipping cost? 👀

That’s your market right there …

What You Need

• Establishing Partnerships. With e-commerce businesses, retail stores, shopping centers restaurants, or fulfillment centers.
• WebApp. Efficient logistics management and the fastest route, to the destination.
• Delivery Execution. Optimized delivery workflow.
• Customer Rating System. (Build Reputation)

29. Buy an Online Business

Starting from scratch is overrated!😒

Figuring out your niche, setting up a website, building an email list, marketing, and the list goes on!

Sometimes, Buying an existing internet business can be more beneficial.

You sidestep debt faster and get your foot in the door without the stress of conjuring up a unique idea.

You’re acquiring a business that’s already generating revenue, has a customer base, and has established its web presence!

If a business is profitable,

Why would they wanna sell?

Retirement, Burnout, New Opportunities …

Businesses get acquired more frequently than you think, even in large companies.

Who am I kiddin’ Worldwide online sales have already surpassed $6.5 trillion!

Hmm … 🤔

Now, where can I locate companies that are for sale?

✱ Flippa. Flippa specializes in online businesses, including blogs, e-commerce sites, and software companies.

✱ Empire Flippers. A trusted marketplace for buying and selling online businesses. They have a rigorous vetting process.

✱ AquireBase. A marketplace for buying and selling side projects & SaaS apps (with free options).

What Type of Business Should I Buy?

This guide itself is a perfect list for you to choose the type of businesses that are best to buy!

Isn’t that ironic …

But here are some things to look out for:

01. Established Revenue. A proven track record, with official financial statements.
02. Strong Customer Base. Legit customers with a large and engaged audience.
03. Scalable Operations. Efficient automation and streamlined processes.
04. Trends and Demand. Will the products stay in demand in the coming years?

FAQs