The internet is filled with different ways of making money online. It doesn’t matter if you have crafts that you’re wanting to sell, digital goods or other related services. There is a online platform for everybody to start offering what you have available. Of course, the best online businesses will be based on your hobbies, professional knowledge and business passion. Luckily 2020 is a great year for starting a new online business. If you’ve always wanted a job that gives you financial independence, lets you travel and be your own boss, then maybe it’s time to start your own online business. Today we’re going to talk about some of the best starter online businesses in 2020.
Pull in crowds as a social media influencer
Are you the kind of person that loves attention and interacting with your customers? Then being a social media influencer may be the right online business for you. Choose a niche, create content and start building up your follower base by engaging with your viewers. You can sell products, find sponsors, make money from the subscriptions or ads and even promote your own services.
It takes patience and a lot of unique content, but it can be one of the most fun online business models. Users on these platforms are very loyal and will gladly share your content. Just make sure that you keep up with your accounts or viewers will find other sources of entertainment!
Run a subscription business
The time for starting a subscription box business has never been greater than now. Consumers love the convenience of home delivery and look forward to the variety and surprise that these kinds of services offer. As a business owner they’re also a solid investment, because the numbers are so easy to predict. Each month you only have to buy the inventory that you need to ship out a few days later. There are no surprises, leftover inventory or guessing how much the profits are each month.
It’s a great business model for those working from home with a passion for specific hobbies and crafts. If you’re already passioned about the topic, then why not make money from it? There is a great guide available if you’re curious about how to start a subscription box business.
Sell stock photos
Businesses have a high demand for stock images because they’re used for anything related to digital marketing, web design and more. If you have experience with photography, then this is a great way to put some extra money into your pockets long term. There are lots of stock photo websites that will let you sell your stock images and you will get paid each time they sell. That means that a large inventory of stock images for sale can add up to a nice passive income each month.
Sell email / sales templates
Are you a great writer and have no problem with coming up with content about pretty much any topic? Well, then you’re in luck, because most businesses struggle with exatly that. Most content writers charge either per project or by-word count and quality doesn’t come cheap. The usual rate is $2 per 100 words, which can add up really quick if you think about the fact that most blog articles are a minimum of 500 words (optimized can be up to 2500 words). Of course, you will have to do a lot of research about different topics, but if that is something that enjoy, then it’s a great way to start earning from home.
Sell homemade products on Etsy
Are you awesome at knitting or some other skill that lets you create custom items? If yes, then you’re in luck because people love customized gifts! Artists, jewelry creators and other create people will find a large customer base on online platforms like Etsy. The great thing is that all you have to worry about is keeping up with the product listings. Etsy provides traffic to your shop, options for more digital marketing and even personal consultants if you need more marketing help. The products on here are usually very niche based, but there are some sellers that make thousands each day without ever owning their own website.
Just take a chance!
Any online business that you’re going to start is still going to take a financial and time investment. It’s a lot of work to get your own business started, but it’s also an amazing feeling once you reach financial independence. Find your passion, do your research and just take a chance and the rest will come on its own. Before you know it you will be looking into how to scale your business even more.