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The Best Online Business Ideas You Can Start Right Now

Have you ever thought of starting your own online business? If yes, then it’s high time you started thinking about doing so. After all, there are a lot of benefits that come with creating an online business. Many people are already doing it and earning a good revenue out of it. The only problem is that not everyone has the time to spare to go out and start their own business. However, creating an online business isn’t that hard, especially if you know what you’re doing. In this article, I will talk about the best online business ideas you can start from home.

But before we dive into these fantastic online business ideas, you need to understand that there is a difference between working on a personal project and building a business. When you are working on a personal project, you are doing something that you enjoy for yourself, without asking others what they think. When you are working on a personal project, it’s about you.

However, when you are building a business, it is no longer about you; instead, it is about serving your customer and responding to their needs, dreams, and aspirations. That is the secret to a successful business. Furthermore, when you focus on building a business around your lifestyle, you enjoy a heart-centered business and unlock your income potential! So, let’s get started!

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Best Online Business Ideas

I’m dividing these ideas into three categories: creative intensive, tech-savvy, and professional experience. The first category, creative intensive, encompasses content creators, bloggers, and online courses, while the second category, tech-savvy, is more about e-commerce and fulfillment services. The last type, professional experience, is based on your skills and strengths.

Creative Intensive

Blogging

Starting a blog is one of the best ways to create your own online business. It doesn’t matter if you want to start a blog or if you’re going to start a podcast. Both are good options. You have to have a topic that you want to discuss and then start writing about it. The best part about blogging is that it works on the principle of word of mouth. People love to read and share different things online, and blogging is one of the best ways to get them to do that. The best thing about blogging is that you can make money with it. Most bloggers are trying to find ways to make extra income to support their families.

An article from Forbes Magazine entitled The Billionaire Bloggers highlights that more than 112 million people around the world blog regularly. Out of every 1,125 on the list who are actual bloggers, 13 of them have reached billionaire status.

For the most part, a blog serves as a platform or springboard to launch other products and services to expand your brand. However, there aren’t too many people who have the patience to make a successful career out of blogging. While creating a successful blog isn’t a short-term project, you can become very successful with the right combination of passion, talent, dedication, and social media marketing.

  • Difficulty: Medium
  • Risk: Low
  • Investment: $600 /mo
  • Time to Revenue: 340 days
  • Success Factor: Monetization stream -ads/sponsorships-

Online Courses

This is one of the best online business ideas you can start from home. If you love to learn, then this is a great way to make money. All you have to do is create and upload online courses on different topics relevant to your niche. You can create these courses on learning platforms like Teachable, Kajabi, Thinkific, Podia, Zenler, or Skilljar.

The best part about this online business idea is that you can start right away. Since many online platforms can help you create and publish your courses, you can start right now. A significant part of this business is that you can easily generate leads while learning other things, and many online platforms can help you with this process.

  • Difficulty: Medium
  • Risk: Medium
  • Investment: $750 /mo
  • Time to Revenue: 160 days
  • Success Factor: Sign up students
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Content Creator

Social media has revolutionized the way we consume content. Every day we need better, more valuable, and creative content to keep us engaged. Did you know that the creator economy has approximately 50 million freelancers? Yes! Freelancers work as content creators, curators, and community builders, designing articles, posts, videos, and reviews for other brands or their product lines.

Working as a content creator is excellent because you can make a living doing what you love. Yes, many content creators are influencers or YouTubers. However, thanks to the boom of social media, post/pin design and video editing for Instagram, TikTok, and Pinterest have become a viable online business model that millions of people are taking advantage of currently.

Freelancing websites like Upwork and Fiverr act as a platform where freelancers and businesses can interact and work for each other in a safe environment. They work to maintain trust and confidence for both parties, and in return, they charge a small fee for each project completed on the site. Here are some of the most commonly used websites that you can use to get your freelance business started.

  • Difficulty: Medium
  • Risk: Low
  • Investment: $250 /mo
  • Time to Revenue: 120 days
  • Success Factor: Engagement rate
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Tech-Savvy

E-Commerce

E-commerce has everything to do with buying and selling products using electronic tools, including computers, PDAs, and mobile phones. It also has a broad image of sites, including major retail chains, small local stores, web-only stores, and individuals selling on aggregate sites such as Shopify, Wix, Bigcommerce, or Square.

E-commerce is a booming business nowadays. Many people love buying from the comfort of their homes. If you are one of them, setting up your online store may be the best online business idea. You can set up an online store on any e-commerce platform you want. The best part about this business is that you can sell almost anything. This means that you don’t necessarily have to have a particular niche, and you can easily sell products from different niches. The only thing you have to do is find products that people love to buy. After that, you can efficiently market your products through other channels to get more traffic.

  • Difficulty: High
  • Risk: Medium
  • Investment: $1,000 /mo
  • Time to Revenue: 120 days
  • Success Factor: Product selection and Ads
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Fulfillment by Amazon (FBA)

FBA has become extremely popular over the last several years. This business model is geared towards physical products only. The reason for its popularity might be that anyone can sell their physical products online without necessarily having to be a business person.

If you like dealing with market research and product trends, then FBA is one of the best ways that you can find to start your online business. There are many ways that you can sell on Amazon FBA, including retail arbitrage, online arbitrage, and private labeling. Retail arbitrage is buying cheap products from big box stores or thrift stores and selling them online under an existing Amazon listing. Online arbitrage is when you purchase products online from other websites, like eBay and sell them on Amazon to make a profit.

The best thing about this option is that you don’t have to do much work. Since Amazon handles all of the inventory storage, shipping, and customer service, a lot of the risk is removed. The advantage of this is that you don’t need to take the personal risk of opening a warehouse. Furthermore, Amazon is extremely popular and has a ton of traffic already, making finding new customers easier.

It is important to note that Amazon has made it harder for people to sell through retail and online arbitrage because it is catering more to brands. It means you may want to avoid these two methods and go for the third option of Private Labeling.

Private Labeling requires more work but has a lot of advantages. You can create your listing for your product since it’s for your brand. It provides you with leverage because other sellers can’t sell your branded products unless you permit them to do so. Next, as your brand grows, you can add more products of your own.

  • Difficulty: High
  • Risk: Medium
  • Investment: $1,000 /mo
  • Time to Revenue: 120 days
  • Success Factor: Product selection and Ads
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Professional Experience

Personal Coach

Most personal coaches help clients in various aspects of their lives, however, focusing on an area where you have established yourself as an expert or have a lengthy career or notable successes in a niche increases your chances of success.

Becoming a personal coach is another great online business idea that you can easily start from home and that requires minimum investment.

All you have to do is identify your secret superpower and create a process that helps solve your customer’s needs.

Personal coaching works really well for those who are beginners or if you have a bootstrap budget. The fact is that you don’t need to invest a lot of money. All you have to do is select the right plan on any website builder and create a lead magnet to start building your email list.

The best personal coaches have established expertise in their field—people with demonstrated experience across a lengthy career or notable successes in a certain area but you don’t need to be working, volunteering experience also counts!

  • Difficulty: Low
  • Risk: Medium
  • Investment: $200 /mo
  • Time to Revenue: 360 days
  • Success Factor: Lead Magnet and Networking
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Conclusion

There are many great online business ideas that you can easily start from home. The best online business ideas I have listed above are the perfect options to start right away. All you have to do is to choose one and get to work.

I have plenty of resources on how to start a business, digital marketing, and free tools to help you do what you love. Because that is what lifestyle entrepreneur is all about, a way of enjoying life and work.

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