Online business ideas
1- Trade currencies
Every day, there is a huge fluctuation in FX markets. If you have a combination of technical and fundamental analytical skills and some cash flow, you can become an online currency trader. Places likewww.forexfactory.com are great for learning the basics. Remember, this is leveraged cash, so if you make the right decisions, you have a chance to profit big! At the same time, the risks can be high if you don’t have a money management strategy in place.
Example – Bill Lipschutz
Bill Lipschutz is considered to be one of the best FX investors of all time.
There are over 300,000 translators in the world for a reason; they are needed. In a world where more and more companies are using outsourcing, those that speak other languages are indispensable. Whether you are negotiating deals for an import-export agent or replying to company emails, there is work out there.
There are opportunities to work part time with small companies by networking on freelance sites, or to set up professional translation services using remote call centres and Skype.
Example – Cloudwords
Cloudwords is one of the many companies that is taking advantage of the $30billion that is spent worldwide on translation related products or services.This is one of the more complex work from home ideas out there, simply because from day 1, it’s likely clients will be small to medium sized businesses trying to negotiate deals abroad. The market it is there, now you just need to find your niche.
Related business ideas:10 easy ways to make money quickly
UK spend on online video has seen 13.5% year on year growth, and now exceeds spend on TV advertising. (PriceWaterhouseCoopers) Hundreds of statistics like this have meant that businesses have to produce videos. Well, they don’t have to, but if they don’t, they are going to be missing out. Video platforms are just another avenue to acquire potential consumers. You can offer video packages from £50-5,000 and beyond. Select your target market and market to them effectively.
Example – Old Spice
If you can couple video production with the ability to be creative, you can make videos go viral. If you can do that, your £500 video is going to be worth £5,000 or even £50,000 to a client. Checkout the results from theOld Spice video campaign!
Again, CodeAcademy will give you good grounding in coding languages. Expect to train for 12 months before being able to build apps that are going to achieve lots of sales. There are a few options when it comes to building apps…
- Bespoke basis for clients
- Sell based on a fixed fee (multiple licenses)
- Charge a monthly fee
Example – Summly
Looking to hit the jackpot? Checkout this recent acquisition by Yahoo! to buyout Summly for $30,000,000…from a 17 year old!
5-Deal in domains
You’ve heard of antique dealers and even car dealers, but what about dealing in domains? Domains are internet real estate and like real estate they could be considered as an investment. Don’t just buy any domains, spread your risk with a portfolio and make sure you hold out for the highest price possible.
Learning how to connect with the end consumer, rather than other domain dealers, will enable you to get the highest price possible for your domains.
Example – Domaining.com
If you are not familiar with some of the prices that domains have been sold for, then the all time list here is worth looking out. Checkout hotels.com, which went for $9,500,000! One of the highest domain sales back in 2012 was silver.com which sold for $875,000.
With over 350,000,000 websites on the internet, there is a huge demand for content. If you have experience or skills relating to writing, offering a blog posting service could be for you. Lower paid projects might start at around £1 per 100 words, with quality focused projects being in the £2.50-10 per 100 words range. Sites like People Per Hour and Elance are great for picking up paid writing gigs, without actually having a website.
You can get my 5 step guide to making $172,000 in 12 months for free here.
Example – Vibe Tech Media
You’ll notice my bio at the end of the article, as well as details on the homepage. I make a full time income from blogging for digital marketing agencies. I get leads thanks to my simple landing page.