7 Ways to Build a Successful Business Online and Make Considerable Money

While expert marketers keep harping about our downtrodden economy and plummeting stock prices, the mobile e-commerce share in the USA keeps growing steadily. By the end of 2020, we can expect the market share to reach a $630 billion. This is the best time to launch your own business that can make money while you take a vacation in Hawaii. Your business does not necessarily have to be an online one, but you can always try to keep an online aspect to it for faster growth. According to several instances, anything associated with mobile and e-commerce is growing, and growing fast.

Here are the seven businesses you can try to make some sweet money within a short time –

Start your blog

Blogging is always going to be the more powerful option to reach fame and fortune. You will be the master of your platform and traffic. Start with a complete managed hosting solution. This will help you focus on the quality of the content and drive more traffic to your blog organically.

Your own YouTube channel

YouTube is all the rage right now. Creating and uploading your videos can make money easily by –

  • Running ads on videos on your channel
  • Driving organic traffic to your channel
  • Referring to products and brands in your video/description (affiliate marketing)

Webinars and online courses

Webinar engages audiences from a close niche. Neil Patel, Lizz Benny, and Russ Ruffino are all webinar experts, who make millions every month from creating instructional videos, educational videos and simply entertaining stuff that inform their dedicated audience.

Drop shipping

Drop shipping is the most profitable buy and sell online business you can ever opt for. This is where you find a customer for a product you DON’T have. You take the money from your customer for the product and then go to the manufacturer to buy the product at a lower cost. Your profit comes from the price difference.

Affiliate marketing

As you slowly grow your market presence, your audience will start caring about the brands and products that go you there. Affiliate marketing is where you receive payments from brands and retailers to share the products you have always loved using. Almost all popular makeup tutorials use this method to make thousands each month.

Your website for something you are good at

That is what millions of people across the world are doing right now. There might be over 2 billion websites in total, but each website has dedicated audiences. You need to find something you are good at, and that can include painting like Bob Ross, crazy hairdos, Halloween makeup tips and tricks, cutting and sewing up old clothes into fab outfits and even math! Find a platform, a dedicated hosting service and set up shop for the paying customers.

Start your subscription business

Do you know how many people use Netflix? The number is somewhere close to 70 million. This is possible due to the high variety and low cost. Several websites now offer subscription services, and people seem to love the concept. Start a business (that can be a part of your new blog or website) where you can convince people to pay you anything between $1 and $10 per month; success is quite inevitable.

These seven ideas involve little capital. Budding entrepreneurs of all ages can try these out to experience quick success and profit.

Tom Parillo

Tom Parillo

I am interested in all things technology, especially automation, robotics and tech that helps change how society will live in the future.
Share Feedback We Want to Hear From You