Looking for online business ideas? A successful online business holds true to its promise of giving you a passive income while working at home. Most Internet billionaires started small with that plain objective. Never did they imagine that the Internet can bring them more than what they have hoped for.
With that in mind, let’s look at some of the tried-and-tested online business ideas that we have today.
1. eCommerce site
An eCommerce site is an online store. It works much the same way as a physical store without a sales attendant. You will be presenting your merchandise like a catalogue and set up an online shopping cart with a payment processor to complete the process. Listed below are the basic requirements you will need for your eCommerce website.
- Online store – Obviously, you will need a website to process all transactions where you will have your merchandise displayed and accessed by online users.
- Take out Counter- like in any physical store, your website should also have a facility where payment is processed. Online shopping carts and PayPal will help you provide this system.
- Shipping information – providing accurate information on how customers will receive the goods they ordered add confidence to your customers. Tracking system is also a good way to promote better customer service although it’s not really essential for an eCommerce site.
- Contact information, FAQ’s, and customer support are also additional value you can provide for better customer experience
2. Stand-Alone Blog
The standard business model for stand-alone blog is to provide rich and helpful contents well- themed on a particular niche. The business thrives on advertisements, usually by Google AdSense and/or affiliate programs.
3. Website Flipping
The idea is to build a blog and have it optimized to reach the first page of search engine results and gain thousands of visitors in a day. Once the website has established a good following, have it up for sale on auction sites such as flippa.com. A website is sold from hundreds to millions of dollars depending on its daily traffic and ranking.
4. Membership site
If you can provide important information or tutorial that people will be willing to pay for, start a membership site. As an expert, you will personally mentor your members from the basic information up to the last tips and strategies to help them become successful. Initially, you will have to invest on building trust. Some of the start-up strategies are giving out free eBooks and free bits of information on your website just to let your target audience have a glimpse of your expertise.
5. SEO Service
Business websites need someone who can put their website on top of search results. SEO stands for search engine optimization which is an ongoing process as long as a website exists. If you can study the art of web optimization (which you can access free on the Internet) and have it applied successfully on your personal website, you can have it included on your portfolio. Start up with a small fee to gain and build clients. And once you have established a good list of clients, you can work on growing your business by building a team for more online business opportunities.
6. Social Media Marketing Service
Do you know that businesses are willing to pay someone who would tweet, promote their business on Facebook, YouTube, and other social networking sites? Although this online business sounds simple, it requires careful planning and well-thought strategy to make sure that there’s a substantial positive impact on your client’s business. Otherwise, your service is useless for them.
While I have outlined some online business ideas, I would like to point out that there’s no limit to how you can earn on the Internet. Facebook, Google, PayPal, Amazon, and eBay are billion-worth online businesses that started small with a unique idea. If you can come up with a new, innovative concept that will benefits Internet users, your chance to billions is never limited.