As cost of living rises almost daily, majority of us look for a side income or side gig. And a few of us look at starting our own business. Nowadays, the best way to make extra money is by opening an online business that we can start tomorrow- with minimal or zero investment.
Obviously, why should you wait when there are top online business ideas you can start tomorrow?
This brings us to the question, why start an online business. You might be thinking that an online business can be hard to set-up and promote. And you could be fearing that it won’t fetch the results you’re looking for.
Therefore, I’ll start by telling you why you should open an online business using a top business idea.
Benefits of Online Business
Most people worry their online business might not succeed because they don’t have sufficient knowledge about using the Internet, websites and online marketplaces, among others. Therefore, let me assure you that it’s very simple indeed.
Actually, anyone with working knowledge of the Internet, social media and websites can start an online business. Because it has several benefits.
- Online business can be started from home.
- Your online business never closes: it’s open round the clock.
- Setting up an online business is very cost effective or even free.
- Marketing an online business doesn’t need much money.
- You can reach markets worldwide with an online business.
- It’s possible to make money almost instantly with an online business.
Now if these facts are tempting enough, you’re ready to launch an online business. Therefore, here’re some top online business ideas you should start tomorrow.
Online Businesses You Can Launch Tomorrow
This is my curated list of top online business ideas that you can use and become an entrepreneur tomorrow.
Blogging is a top online business idea you can start tomorrow. There’re two ways to open a blog. One is by creating a blog on a free blogging portal such as Blogger or Wix.com. And the second by investing a little money on buying a domain name of your choice and hosting. Write something you’re passionate about and start posting it on your blog.
Upon getting a certain number of followers, you can subscribe to Google AdSense and start making money from advertisements that Google displays on your blog. Paid and sponsored posts as well as affiliate marketing for giant online retailers helps you earn extra income from this online business.
2. Online Marketplace
You can set up an online marketplace in less than 15 minutes and start making money. This is one of the top business ideas I suggest for everyone. It’s possible to sell almost anything from your own online marketplace, as long as it’s legit. And if you’re able to handcraft something such as paintings, handicrafts or even costume jewelry, there’re plenty of customers online looking for such stuff.
Facebook Marketplace is a free resource you can try for selling stuff within your region. Or you can open a paid online marketplace on Shopify.com. It’s possible to try an online marketplace without paying anything for about a week and sometimes, a fortnight. For exclusive, handmade goods, check out Etsy.com because they cater to people that look for very exquisite and unique stuff.
3. Online Tutoring
Several people have become millionaires through online tutoring. In fact, the online tutoring market is growing at whopping 16 percent per year. There’re projections this trend will continue till 2022 and grow much faster later. Currently, the online tutoring industry stands at $112 billion while some claim it’s worth a higher. $125 billion per year.
There’re several websites where you can open your own online tutoring classroom. You can teach simple subjects such as English because there’s a huge demand for learning this language, the way Americans speak and write. Other online tutorials you can offer include math, science, history and geography, among others.
4. Consultancy Services
Actually, consultancy is the best online business you should start tomorrow if you have extensive knowledge about law or investment. Legal and financial consultants make a lot of money online by providing advice on issues pertaining with court cases and investments. There’s also a huge demand for medical and dental consultancy, business development consultancy and lots of other special fields.
All you need is a good website. And of course, you’ll require a webcam with headset and mic to talk to clients. Usually, clients pay online before starting the video or voice chat. You can also tie-up with banks and financial institutions to get commissions for providing them customers for various savings and investment plans. That way, you have two incomes form your online consultancy service.
Before concluding, I will emphasize that these are top online business ideas you can start tomorrow. And these online business ideas don’t require much investment. However, you would definitely require some special skills.