Is starting your own online business your New Year’s resolution? Wise decision! But, you need to choose your “vessel” before you start navigating the waters of entrepreneurship. Not every online business will allow you to make a decent living.
And, there’s so much to accomplish first before you get to chill on the beach with your laptop and watch the money pour in. But, by choosing a path that suits your talents and your personality, you will be one step closer to success.
Online Groceries and Foods
Healthy living is becoming increasingly popular. But, healthy living is more than a hobby. Cooking and preparing healthy foods takes away much of people’s time. By opening your own online grocery store, you’ll be able to solve the problem of many health-orientated people.
Millennials care more about their health than other generations, and their time is now. But, if you want to make a profit in this niche, you need to have a good relationship with vendors.
Also, the goal is to drive working people towards your business, as there’s always a high demand for grocery products and services among them. As your business grows, you’ll be able to offer new products and services and enter new markets.
Online Business Consulting
Most businesses need consultants who can help them reinforce their brand. If you have experience in this field, you can take it online and offer something more convenient to your clients. Almost every business needs someone who will develop their online campaign.
Small or medium-sized businesses often can’t afford to hire a whole team for that task, but they are still willing to pay good money to someone who can do it for them. That’s where you, a Jack (or Jill) of all trades, step in.
Your task would be to build customer loyalty of your client’s business and generate awareness of their brand online. Another task of yours would be to manage the content on your clients’ websites. There are many ways you can help your clients as an online consultant, but it’s key to understand the message and the tone of your client’s brand.
Affiliate Marketing
Even though it’s been here for a while, affiliate marketing is still growing. Why? It allows businesses to cut marketing spending and increase marketing efficiency at the same time.
The gist of it is—the affiliate refers someone to purchase the product or service of the business they have partnered up with. If the person referred buys the product or service, the affiliate gets a cut of the sale.
Affiliate marketing comes in many shapes and sizes, and spans across many sectors, like fishing, gaming, fitness, marketing, etc. But, as an affiliate marketer, you wouldn’t be straight out advertising products.
You may promote them, but in an organic way. You can write reviews, product comparisons, “how to” guides, etc. For these reasons, it’s best to go with a niche you’re really knowledgeable about. For instance, if you are a seasoned Texas hold’em player, you can become a games affiliate and write poker room reviews, write about the pros and cons of certain poker platforms, share tips on how to become a better player, and so on.
So, to succeed, you need to provide valuable content to your audience. And, for that, you need to set up a website or vlog, Facebook business page, and newsletter. Mailchimp and other startup apps can help you manage relations with your audience. If you have a good relationship with your audience, they will trust your recommendations.
Link Building
Even though it sounds simple, link building is an art form through which you utilize Google’s algorithms to improve a website’s search engine ranking. Websites need link builders to help them increase the value of their content.
Your job would be to convince other websites to link to your client’s website. This helps bring in more traffic to your client’s website. At the moment, good link builders are in high demand. The reason? Link building requires constant learning and keeping up with SEO trends.
Owners of quality websites know that having a blogger who throws in a couple of keywords into their “SEO pot” isn’t enough anymore, but many website owners do not have the skills and the time to keep up with the trends.
Online Coaching
If you are an expert on something, you can greatly profit off of your knowledge by sharing it with others online. The internet allows you to share your expertise and knowledge to individuals who are willing to pay money for you to coach them.
Even though the internet is rife with countless tutorials, people still know that they have to pay to become well-versed in a field. Online learning portals are still evolving. As an online coach, you’ll be catering to people who don’t like conventional ways of learning and who prefer something more convenient.
You can also create your own webinar platform. But, many are also willing to pay for one-on-one tuition as they prefer a customized and personalized learning experience. This could be your starting point.
Conclusion
A great business idea will allow you to get ahead in the startup world. Yet, having an idea is not enough. There are many steps you need to familiarize yourself with before you dive into the business world. But, if you are driven by your passion and your idea, you can rest assured 2020 will a big year for you when it comes to business.