15 Online Business Ideas that Make Money
Starting a new business online requires much less risk than investing your dollars into a brick-and-mortar storefront or downtown office. Because your business is based online, you can reach more potential customers and work from virtually anywhere. With some basic website and communication skills along with a little maintenance know-how, almost anyone can launch a business online and get it up and running in only days. Think you’re ready to become the next big entrepreneur online?
Here are a few great online business ideas to get you thinking in the right direction. While some of these ventures can bring in a nice passive income, some of these online money making ideas can actually create small fortunes.
1. Teach Online and Conduct Webinars
Tutors are in high demand whether it’s online or offline. Therefore, if you’ve got a brain and like helping others use theirs, become an e-teacher to earn an extra income in your spare time. The only thing you require is to be proficient in your area of expertise and be willing to give up a few hours each week to help someone else. Sites like Tutor.com and TutorVista are places you can sign up with and build a good reputation over time as a coach. If you’re really good, you can conduct lectures, seminars, or webinars that are transmitted online. University and college students are always willing to pay money to gain access into highly-respected online webinars.
2. Start a Listicle Blog
A really simple idea that would only take up to 1 hour of your time a week and about $20 in costs. Over time it could make you quite a bit of money.
Sites like Viralnova.com and Fukarf.com create compelling content by finding funny, emotional and inspirational stories on Reddit, Facebook and Imgur, rewriting the content, adding some more detail and publishing the content on their own site.
Just to give you an idea on how successful these types of sites are, ViralNova was set up buy one guy who hired a couple of writers to rewrite successful content that was published on other sites around the web. This site sold for $100 MILLION!!! Before that, ViralNova was making $400k+ per month in ad revenue.
With a bit of promotion on sites like Twitter, Facebook, Reddit, Stumbleupon and eventually organic traffic, within a couple of months you should be pulling in 30K to 50K unique vistits a month. Monetize the site with adsense to get some revenue in to cover costs of your hosting and domain name costs.
Ok, you’ll be making peanuts to start with( $10 to $50 a month), but as the traffic grows, this figure could grow to $1000 + a month. Then potentially you could flip the site for 30 times the monthly revenue. I know people who do this all the time and flip sites after 8 months for $10,000 + !
3. Online Affiliate
One of the easiest ways to make a few bucks online is to become an affiliate. An affiliate is essentially someone who receives a commission for selling products for other companies, whether it’s on their own site or through another channel like eBay. The best part is that you don’t have to develop any products yourself, just sell other people’s products.
For example, Amazon affiliates can potentially rake in obscene amounts of commission dollars if they work at it. Simply sign up as an affiliate to sell a company’s products using your special referral link, and you can get a commission for each product sold without lifting a finger.
Also, affiliate networks like Shareasale or Click Bank offer a vast array of products to promote as well. Some of the highly contested niches such as health and gambling can make people millionaires. Being an online affiliate can be a great way to create a passive income for you and your family.
4. Sell Your Own Brand
If you have a knack for creating unique images, there’s no need to fuss over your own inventory. If your creations can be easily printed onto a product, then you can make money. Upload your designs on a variety of websites like CafePress. If someone likes them, the company prints them up and ships the product. You could create unique designs for calendars, books, T-shirts, bags, hats, greeting cards, or posters and get a commission for each one sold. Some of these sites include Zazzle, Teespring and Lulu.
5. Build Apps
Because smartphones are everywhere, the demand for new and creative apps is increasing in popularity more than ever before. Between Google’s Android and Apple’s iPhone market, people are using countless apps everyday. And, most of them are selling right and left. Taking the time to develop and sell a smartphone app may be worth your while since it’s a very lucrative way to earn money online. The apps cost almost nothing to actually develop and don’t involve any shipping or storage costs, which works to expand your overall profit margin. Well performing apps can make thousands in ad revenue each month for their creators, making them another great passive income strategy.
6. Buying and Selling Domains
Many people buy and sell domains to earn money online since it takes very little time or investment. You can purchase a domain at its registration price or even much cheaper and then resell it for a profit. But, it always pays to do your homework first on websites like Afternic.com, Sedo.co.uk, or other domain auction websites in order to get a good idea of what’s popular in terms of domain names. An ideal way to find really good names is to check out terminated lists that offer many expired names and have made their way back into the pool for people to buy.
7. Create an Ecommerce Store
With solutions such as Shopify and Woocommerce it has never been easier to start your own online store for such a low investment and thanks to methods such as dropshipping you don’t even need to worry about things such as delivery or warehousing.
8. Professional Freelancer
Freelancing via the Internet is a great way for experts in their individual trades to help a variety of clients overall. Several freelancing and project-based websites let businesses that need extra help to list their projects. Small businesses and freelancers offer proposals, ideas, or bids, whereby the buyers can easily choose what they want and need. Sites like Elance or ODesk cover just about everything including writing content, creating graphic design, programming, and data entry.
9. Expert Blogger
If you’re passionate about writing and feel strongly about certain subjects, type your way to riches by creating your own blog. Launching your own blog doesn’t require a great deal of technical or computer skills. It is important, however, that you do know what you’re talking about relative to the subject you’re writing on. Over time, you’ll start to develop an audience since people will trust your expertise and knowledge. 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 while blogging.
10. Creating WordPress Themes
As more people want to establish their presence online no matter what their reason, the demand for WordPress themes and website templates continue to rise. Do you have a talent for designing websites and html coding? If so, you can make big bucks from creating attractive website themes. Create them and then sell them on marketplaces online like ThemeForest and TemplateMonster to generate a nice passive income for yourself depending on just how talented you are.
11. Stock and Forex Trading
Some people consider joining the sometimes volatile stock and forex trading market to be somewhat risky. But, if you start out small and keep researching until you gain knowledge and experience in this arena it may be worth your while. In fact, once you get the hang of it you can potentially earn a sizable profit from exchanging foreign currencies and stocks. The goal of any successful trader is to recognize which currencies and stocks are more likely to increase or decrease in terms of value. The more you learn these strategies and principles, the more money you will inevitably earn.
12. Work with Advertisers
If you’re a website or blog owner, you can sell a portion of your page space to advertisers and earn money passively each time the ads are clicked on by your target audience or visitors to your website. While the actual placing of the ads is completely free, the earning capacity of cost-per-click (CPC) advertising is based on the level of traffic to your site and the cost per click and click-through rate, or CTR. The most popular way to earn money today through advertising clicks is through Google AdSense or similar advertisers. Other ways of effective online advertising include RSS feeds and direct banners.
13. Get Paid to Write
If managing a blog seems a bit overwhelming but you still desire to indulge your writing passion, you can write for other sites or blogs like PayPerPost, Textbroker, or Helium. Also, writing an interesting e-book may also be an option for you as well. E-books do not have any printing or shipping fees, which makes them a viable investment. If you’re someone who possesses strong language skills, you could potentially become an expert copy editor that webmasters will gladly pay to read and edit articles and also correct any overlooked grammatical errors concerning web copy.
14. Perform Research
Can’t design, write, or code websites? No problem. Don’t let that stop you from earning money on the Internet. If you have some extra time a couple of hours a week, you can perform numerous research tasks on behalf of other people or companies who can’t spend the time to do it themselves. Many organizations and various businesses hire people to research certain subjects or to help them with online investigations everyday. You could be one of them.
15. Sell Photos
Do you love taking pictures and have a general passion for photography? If so, you could make a very nice living for yourself online selling your photos. There are countless people who are willing to pay you good money for your collection of unique images you have to offer. Today more than ever it’s super easy to submit your pics to the masses, which can provide you with a very convenient approach to creating a solid source of additional income. Several stock photo sites like Shutterstock and Fotolia offer enticing incentives for individuals to earn money passively from the photos they randomly shoot in their spare time.