Looking for an online business you can start and run out of your home or from anywhere in the world?
Finding an idea for an online business is not the hard part. The hard part is staying focused and executing for as long as it takes to meet your goals.
Here are 5 online businesses you can start today.
1) Affiliate Marketer
Affiliate marketing is partnering with brands that offer a commission as a reward for your endorsement and referral. Affiliate marketers or resellers generally act as middlemen between customers and products.
As an affiliate marketer, you can earn commissions by referring web traffic and sales through your own promotional efforts using a coded URL or web address to track each referral.
Many of the bloggers you read online are probably affiliate marketers. I use affiliate marketing on this website to help generate a passive income and you can too.
There are also 1000’s of software as a service(SaaS) companies out there that you can become resellers for. This is where I get some of my best revenue from.
Find a whole bunch of SaaS affiliate programs here you can join and start referring customers and making commissions.
2) Amazon affiliate business
The Amazon Associates program offers many ways to make money on the largest selection of books, music, DVDs, toys, electronics, kitchen, apparel, jewelry, tools that you can find on the Amazon website.
As an Amazon Associate, you can earn commissions on products and services that you refer customers to.
There are thousands of people earning a living doing this and you can do it too.
The trick is finding a niche and focusing on that. Do your research and learn the best way to profit as an Amazon Associate.
There is a lot of competition in this space so the key is to find a niche that doesn’t have too much competition and hustle hard.
3) Mobile App Designer
There are over 5 million apps in both the Apple App Store and the Google Play App store. If you have a great problem to solve for a specific niche, building a mobile app can be very profitable.
With over 5 million apps, you need to do your research and really understand both your target audience and the specific problem you are solving for them. Finding product market fit is very important. If you do, you might have a million dollar idea on your hand.
Use the Value Proposition Canvas to helps you tackle a core challenge of every business — creating compelling products and services customers want to buy.
Right now the most downloaded paid apps include Games, Health Apps, Productivity tools and other entertainment apps.
4) YouTube influencer
Some of the highest paid Youtube stars are earning over $10 million dollars a year. Felix Kjellberg(PewDiePie) makes over $12 million a year playing video games and making jokes, Rosanna Pansino making $5 million as the Cupcake Wizard and Michelle Phan makes over $3 million a year with Makeup tutorials.
If you have a knack for being in front of the camera becoming a youtube star can be very profitable.
These people are at the top of the game but there is always room for new talent. There are many people making a good living in smaller niche areas doing things as simple as teaching people how to draw.
5) Buy and Sell Domain Names
Buying and selling domain names can be profitable when done right. There are stories abound of people buying domains $10 dollars 15 years ago and then selling today for millions of dollars.
The chances of this happening to most is low but there is still opportunities to make money buying and selling domains. especially since there is new Top level domain extensions like .travel, .legal and hundreds more.
The key to buying and selling domains today is about knowing your niche and what domains may be worth more than others.
Joe Styler over on the Goddady Blog wrote a great article on 5 tried-and-true tips for buying and selling domain names for profit.
So there you have it, 5 online businesses you can start today. So what are you waiting for?