You already have witnessed that, everyday everything is going online. The things you buy, the information you consume, everything. Even, technology is robbing our time offline. Many of us, spend more time in front of screens than outdoors. This trend will only continue. Hence, the word – “Online”.
When everything is going online, if you are not cashing out of it, you’re missing a huge opportunity. As with everything, the technology’s early adopters get a huge benefit. We saw in this in the case of internet, cryptocurrencies, YouTube, and everything. Adapting to technology quickly makes a great difference in your life.
This post is only for those who are serious about starting their online businesses. Let’s dive in.
Training Industry
People are quickly realizing that the things they learn in their universities have nothing to do with their life. They are also realizing that in contrast to the traditional education system that remained unchanged since ages, training in specific domains of their interest helps them to make a decent living. Even, the degree for dignity trend is falling.
It’s time for you to dive into an industry of your interest, become an expert in it and be a trainer. If you are a regular reader of my blog, you may know that I’m also a digital marketing trainer (currently doing 1-to-1 mentoring sessions), and I’ll start creating online courses and perhaps membership sites in the future.
People are quickly realizing that the life is too short to learn everything on their own. They are willing out huge amounts of money on getting training from someone else’s experience. This is the right time for you to gain expertise in a good niche and start your training career.
Selling Digital Products
This is the next profitable online business. You can see it everywhere. People sell eBooks, their songs, informational products, WordPress plugins, themes, and also tools for productivity.
In contrast to affiliate marketing, selling own products may pay you a huge sum depending upon the product you created and how you promote.
While creating any product first off, the 70% of your success depends upon how you research your market and your competitors. Once you are 100% sure that there’ll be hungry buyers for your product, then start creating a product.
As the technology is rapidly changing day by day, new requirements, and problems are arising. So every day, there’ll be new opportunities for product creation. Depending upon the product you are selling, this will return you a long term sustainable income.
Online Blogging
Blogging is one of such a profession where you earn money for doing what you love. The best part about blogging is, unlike creating digital products blogging requires little investment. You just need to get a web hosting account, get a domain and install free WordPress on it. You are good to go. When it comes to blogging, there are three main ways by which you can earn money.
- Promoting your own products
- Affiliate marketing
- Advertising or using AdSense
In order for blogging to give you sustainable income, patience and consistency matters. Finding a perfect niche that’s a sweet spot between your passion and profit is highly essential.
Freelance writing and other freelancing
There’s a common misconception that freelance writers should have the ability to write in every niche. Today, let’s break it. You can be a niche freelance writer. If you are a medical practitioner, yes you can choose only to write medical related articles. The moment you have domain expertise, people will be willing to pay you more money when you ask them.
You can join a good freelancer sites like UpWork and Outsourcely, and fill out your profile with portfolio and experiences. Freelancers like virtual assistants, social media managers, SEO freelancers, graphic designers, programmers, and video editors have great future. But the thing is that you need to be exceptional at what you do.
Amazon FBA
Amazon FBA stands for “fulfilled by Amazon”. In this industry, you need to buy cheap products from wholesale sellers and list those items at a much higher price on Amazon. You need to sell white labeled products, and ship it to Amazon Fulfilment centers. Those FBA centers handle the shipping, packaging, and support for the products.
If you outsource the inventory management and keep an accountant for maintaining the Amazon seller account and updating it regularly, this is a lucrative passive business idea.
These are not the only online businesses that are profitable. But I think the above are of top ones as of now. Especially the online training will hit big soon. In the coming years, new online professions will rise entirely changing the game. So, it’s your duty to stay updated regarding the various trend changes happening in the drastically changing online world.
Hope you found this post helpful.
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