Set up an eCommerce store An eCommerce store allows consumers to buy goods and services online via their phone, tablet or computer through digital transactions.
The accessibility of eCommerce stores means the achievable global market reach has grown rapidly.
Shopify is a popular hosting platform for eCom providers and is in an easy way to get started. A top tip is to offer fewer products but to aim for items with a significant markup. The success of an eCommerce store relies heavily on branding — focus on creating a strong brand with a niche target market.
Buy and sell websites Buying and selling sites is the online equivalent to property. The concept is much the same: buying undervalued websites, improving them marginally and selling them on for a profit. Not only can you make money on the sale itself, but you can also make a monthly profit on top of that, making it one of the most lucrative online business options, if you get it right. You can find websites to purchase either directly from buyers, or website brokers and marketplaces, such as FEinternational.
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Learn to spot the pitfalls of a website to filter out the money drains — look for proof of revenue and traffic. Write and publish an eBook Getting published is notoriously tricky, and even the best authors have experienced countless rejections.
But the digital book market has made becoming a published author and making money a far easier venture.
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Anyone can self-publish an eBook and sell them on websites as big as Amazon. The best part? The most significant investment for writing and selling an eBook is the time you spend writing it. The monetary startup costs, however, are minimal. The best thing you can do to straddle option your sales is to invest in making your book as professional as possible.
Get a professional editor, or at the very least a professional proofreader, to check your work. Finding a professional to create good covering art and to format your book can also go a long way to boosting sales. Start an online SaaS business SaaS stands for software as a service.
The software is centrally hosted, meaning it is all stored and accessed on the cloud. An online SaaS business is a fantastic option for those with knowledge of coding and building software. Usually, this is a free trial with an expiry date, or a limited version of the end product and serves as a taste or advertisement for your full, paid product. To make money from selling software, your service must run smoothly.
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SaaS is a great business model as customers are usually loyal. A must-have for this business to succeed is a real in-depth knowledge of the industry.
Make money by affiliate marketing Affiliate marketers work with brands to increase their sales. It can be a risky trade as payment depends entirely on your marketing performance: how many sales you generate and how much resulting commission you make. On the positive side, however, the startup costs are next to none — you can post your affiliate link anywhere to generate sales.
If your budget allows, you can reach more people by using paid advertising. You can use networks such as Amway and Amazon Associates to generate traffic to your merchants as an affiliate.
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Amazon, in particular, has a massive audience. One of the most popular affiliate network sites is Clickbankwhich specialises in digital products. Offer a 3D printing service Starting a 3D printing own business with investments on the Internet is another example of a hobby-turned-profit-maker.
Prospective clients contact you with a 3D model; you print the model and post it out to them and make a mean profit. Marketing can be done cheaply, however, on Facebook, LinkedIn and by word of mouth. Targeting relevant tech companies is also an excellent place to start. Next, you need to factor in the storage of the product and posting. Alternatively, if you want to do less of own business with investments on the Internet business side of things, websites like Treatstock match customers with printers, meaning you can avoid some of the negotiations and focus on the printing.
Create and sell handmade items If you are the creative or artistic type, you can easily monetise your skills online. With sites such as Etsy or Not on the Highstreetselling hand-made products has become considerably own business with investments on the Internet accessible, even for absolute beginners.
Other marketplaces worth considering are Artfire and Zazzle. Another option is to create a page on a social media platform and drive sales using various channels such as a Facebook group.
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Making your products to order is slower, but prevents waste products and cuts down on initial costs. Create a digital product store What better way to profit from our technology-dependent society, than by starting a digital product store.
This business runs entirely online, and the physical resources required are next to none. The biggest investment at the start will be your time.
1. Set up an eCommerce store
Digital products are anything which you can download online. The lack of physical presence means minimal resources, no production costs, no storage costs.
The most time-efficient and cost-efficient products you can sell are PDFs in various formats — templates, for example, offer lots of possibilities: templates for emails, CVs, cover letters, business cards, calendars.
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You can produce a template for almost anything and with very little information. A bit of creative flare here goes a long way — how can you make more money per day will pay a lot of money for a professional look. The advantage of digital products is that they can be sold relatively cheaply and are free to produce. You can even sell audio files, music and videos on your store as well as fonts, logos, backgrounds.
If you can download it, you can sell it! This business model is one of the most varied and cost-effective options for making money online. Marketing needs to be your main expense — to make money your customers need to find you.
After that, your products will sell themselves. Create a killer app Are you a tech wizard or coding expert? To make big money on an app, you need to attract serious download volume. It needs to be eye-catching, peak consumer interest and be an ingenious concept. Serious money in app development is reserved for viral apps.
Market your app everywhere you can — social media is a great place to start. Make sure your users will want to share your content with others — funny or informative content is most popular. The more reposts and shares your content gets, the bigger your chances of going viral. Work as a freelancer online Working as a freelancer is one of the most flexible jobs you can have, made even more accessible with the internet. Freelancers work on a contractual basis or per hour or project, most work from home and for the hours and times they choose.
It can be anything from web design to business consultancy or translation. You can monetise almost any skill.
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Finding customers is also more accessible than ever with websites like Upwork and PeoplePerHourwhere freelancers can advertise their services and their prices.
One downside is that work can be irregular, and your income might fluctuate from month to month. Build as big a network as possible — reach out to everyone you can. To boost your credibility, consider joining an association in your industry.
Start a YouTube channel Popular YouTubers make massive amounts of money in ad revenue from viral videos. Five hundred hours of video are uploaded to YouTube every single minute. Building a subscriber base requires consistent, regular and above all, innovative content.
The key to success on YouTube is to find your niche. With so many people doing it, you need to offer something different. Lifestyle, health, fitness and beauty are already very saturated markets — try and find something a little different to stand out. Start a blog For creatives, writers or anybody with a keen interest in a particular field, building a blog is for you.
Building a profitable blog requires the creation of regular, high-quality content to keep readers coming back.
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Choosing a niche is also critical for attracting advertising, which is where you can make good money from your blog. Creating a readership in a particular area will encourage relevant businesses to pay to advertise on your site. The most commonly used free content management platforms for blogging are WordPressBlogger and Tumblr.
Create and sell stock photos Creating stock photography consists of producing images that you can sell through a stock agency to individuals or businesses, who purchase the rights to use the content for their website or marketing. This business is an excellent option for anyone with a passion for photography or a creative eye.
A top tip is to keep an eye on social and business trends and respond to market demand. Brush up on your trading with a robot reviews to make sure you appear in as many searches as possible. Buy and sell domain names Buying and selling domain names can be a very lucrative online business. Companies are willing to pay considerable amounts of money for the domain they want.
The concept is simple: you buy domain names at a low price, wait for them to increase in value and then sell them on for a higher price. You can purchase domain names from domain registrars, such as Godaddy and Namecheap.
When selling them on, you can either advertise on the domain itself that the web address is up for sale, or you can list your domains on specialist sites that potential buyers use to find web addresses, such as Sedo and Namejet.
Buying and selling domain names can be a lucrative business. The more generic the title, the better — go for geographic names, popular names and potential business names.
Create presentations The demand for presentation creation is high. Companies use them to inform and educate their staff as well as to persuade an audience into purchasing goods and services.
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Many businesses outsource presentation creation to freelance presentation designers to save time and expenditure. To start a presentation design business, you will need knowledge in presentation design software such as KeynoteGoogle Slides and Canvawhich are the most common formats requested by clients.