It’s easy to come up with online business ideas. I bet you could sit down right now and come up with several that online business ideas that sound promising, fun and could make you some money!
Because it’s easier and cheaper than ever to set up an online business many people jump in without really understanding what it will take to develop, market and sell a product or service online.
For the purposes of this article, we’re going to help you identify some online business ideas that have been winners for those who have the right experience, work hard and don’t give up when it seems like it’s not going to work.
Read on to discover some of the best online business ideas that can earn you a solid income each and every month.
Online Business Ideas
Become an SEO Consultant
SEO (search engine optimization) will be in demand for as long as search engines are used to locate online content. Businesses hire SEO consultants to optimize their websites for search rankings to help them rank higher and generate more targeted traffic, all with the hopes of generating more leads and sales.
So, if you have experience working at an SEO agency or have developed SEO skills while running a website of your own, setting up your own SEO business can be a great way to make money.
Popular SEO services include helping companies with outreach and guest posts to secure backlinks to their site and ensuring their website is optimized for the various different search engines out there, with a focus on Google (as they dominate the market.)
You can charge hourly or by the project. Depending on your level of experience, you can expect to charge anywhere from $25 to $300 per hour. Or, consider offering services for a monthly retainer.
Launch an Ad Management Agency
Just like SEO agencies, ad management businesses are super easy to set up and are thriving in the digital age as businesses explore new ways to reach customers and generate revenue. Most businesses try to set up and manage their own advertising in-house. But it’s harder than it seems, even if they are using some of the sophisticated and often inexpensive services that are available today. In the end, 90% of businesses realize they need someone who is experienced and solely focused on managing ads. And that’s where the opportunity lies.
Ad management agencies create, run and optimize ad campaigns on behalf of their clients to help them get more brand exposure, web traffic or sales. There are various different ad networks to utilize for this, including social media platforms like Facebook Ads and Twitter Ads, search engine ad networks, and native advertising networks, such as Taboola and RevContent.
The beauty of this business is you just need a few clients to generate a solid monthly income – and as long as you help them achieve their goals, you can expect them to stay loyal to your agency.
Develop a Box Subscription Service
Box subscription businesses have been around for a while, and with many new concepts performing well, they won’t be going away anytime soon. As you can probably tell from the name, box subscription services send out a box of items to subscribers on a weekly or monthly basis.
These items vary from things like pre-prepared meals to comics and other types of merchandise, such as watches and clothing.
So, if you have a cool, niche idea which hasn’t been tapped yet, you could potentially make a killing.
Business Consultant
Do you have experience setting up, running and growing a certain type of business? If so, you should consider becoming a business consultant and coach businesses – usually startups – in your field of expertise to help them grow and increase their profitability.
It’s not easy to get clients, but if you can deliver tangible results, there’s plenty of money to be made as a business consultant irrespective of what field you specialize in.
A Quick Summary
- There are loads of different types of online businesses which you can set up from the comfort of your own bedroom.
- Some of the most profitable ones including an ad agency, SEO consultancy, and a box subscription service.
- The most important thing is to play to your strengths and deliver results, so your clients remain loyal to you and help you generate other business via referrals.
- It’s also a good idea to pick something you have previous experience in, as it’ll make it much easier for you to secure clients from the very beginning of your venture.