The twenty-first century is the best time to launch an online career. We live in a golden era where you can earn money with almost no initial investment. Instead, if you think creatively, it’s possible to monetize your unique passions and skills.
Thanks to the internet, you can squeeze your practical skills into a money-making machine fairly easily, but your biggest mental hurdle might be the fact that you don’t know where to start. If you wonder how to start an online business…
Here is a list of the top 9 most profitable businesses to consider in 2020.
The Top 9 Most Profitable Online Businesses
#1 Handmade Craft Seller
If you know special art or you can make unique crafts, this home-based internet business is your best option. All you need is to source materials, do your magic, and start selling. Create a page on a social media platform and post your works to attract clients.
Moreover, if you use Amazon research software, you can find some high-margin niches.
Blogging is a great virtual job for those who are interested in sharing their lives with people. Bloggers post informative or entertaining content on a variety of topics such as arts, health, and fashion for a niche audience.
Bloggers can monetize their audiences via display ads and affiliate programs. But the best part of blogging is that you can simply earn money from doing what you love and it costs you almost nothing to start.
In an interconnected global world, there’s a huge demand for translation jobs. If you’re bilingual and have knowledge of another language, this is your ticket to start a new online business.
People who know more than one foreign language or are able to translate uncommon languages will be the most successful in this field.
See if bloggers want their blogs translated or look for companies that are in need of website translation. You can launch your own translating website as well and package your hours into a huge income!
#4 Online Seller
Entering online retail is a smart move that allows you to reap the benefits of online space and fulfill your dreams of becoming financially secure. Whether you choose to have your own online store or prefer to sell on popular platforms like Amazon, e-commerce has a rich potential because it gives you access to millions of customers worldwide.
If you keep wondering how to start an Amazon business, there are many tools that will help you optimize your performance there.
For example, the IOScout tool allows you to use a product tracker that lets you find and keep track of different products on the platform, including your own and those of your competitors. As you can see, the benefits of an Amazon business are immense, so grab your chance to initiate your sales on the platform.
#5 Freelance Writer
If you have a knack for writing, we suggest you make smart money out of it as a side gig. Whether you are a medical practitioner, a finance professional or even a chef, you can turn your practical know-how into great content and gain extra money from delivering what you know to others.
A good start for your freelancing career is working with well-known bloggers because most of them just don’t have enough time to create unique content but still need fresh material every day. Another best online business alternative is to register on freelance websites or write pieces for news sites.
#6 Online Teacher
The e-learning market is booming right now. If teaching is one of your personal passions and you have a skill of any sort, it’s a good idea to use education platforms such as Udemy to cash in on your expertise. It is also possible to offer educational videos on YouTube or your own social media account.
You can still enter the online teaching market even if you don’t specialize in anything. Your mother-tongue language can prove to be a great asset. If you’re lucky enough to be born with a high-demand language, take your time to teach it to others.
Here’s another option to make a living from the online world. Many remote companies seek virtual bookkeeping services. In order to get involved in this career, it’s enough to set up an online communication system and offer your services to those businesses.
This way, auditors can keep track of the company’s spendings without getting trapped in an office.
#8 Dropshipping Representative
Dropshipping is one of the top-rated online business opportunities you also need to take into account. You can sell online products with no need to buy goods in advance or keep them in a warehouse.
It’s kind of a delivery service which allows you to ship products on behalf of a retailer and make profits without investing in manufacturing costs. Oberlo is a useful application that helps you find trending products from various suppliers and sell it to others.
Like many other online businesses, Amazon is a great place to start. By doing some Amazon product analysis, you can identify areas that are ripe with opportunities.
#9 T-shirt Designer
These amazing online t-shirt creators make it extremely easy to design customized t-shirts that you can then sell on Amazon. If you become good at product research for Amazon, you’ll definitely find niche audiences that will fall in love with your work.
Digital Marketing Specialist