The idea of making money through gruelling 9 to 5 jobs is gradually becoming rusty these days. Especially since in virtual world you have plenty of options to make real money, irrespective of skills. Plus, it also gives you the chance to be your own boss and work within your comfort zone.
To make this dream-like life possible for our readers, we analysed hundreds of money making online business ideas and filtered the top 10 based on ease of implementation and scope of success. So, let’s wait no more and explore these money making online business ideas.
Start a Multivendor Ecommerce Store
Opening online stores instead of brick & mortar stores is a convenient & cost-effective option. But we have a better one. Open a multivendor ecommerce store and make money without the headaches of delivery, inventory management, etc. These are the stores where different online and offline retailers list their products and pay commission on every product sale.
Tip: Since there are already many multivendor ecommerce stores, to ensure success of yours, you need to come up with a unique multivendor store idea. Also, instead of building a website from the scratch, launch it with an advanced clone script.
You can launch your multivendor ecommerce store with YoKart (previously FATshoppe) at just $250.
Launch a Custom Clothing Portal
In recent times, custom clothing website have gained much popularity. Modern Tailor, Suitly and Tailor Store to name a few. As the name suggests, these websites provides an online platform where customers can get custom tailored clothes by providing their measurement and style specifications. If you are even a little bit into fashion designing, then a custom tailoring website is a good choice.
Tip: Launch your custom clothing start-up for a local market initially. Plus, since most portals serve to a male audience primarily, you can come up with a website that also serves women. And again, instead of having a website built from the scratch, go with a good clone script.
You can check out Stitch, the most advanced clone script for launching custom clothing website.
Build or Join an Academic Writing Website
Academic writing such as essay writing, research paper writing, etc. will never go out of context. And many students get it done by professional writers. So, there are some academic writing websites that give freelance writers an opportunity to find such work easily. Thus, the idea of launching such a website is a good one. If you have a knack for writing, you can even join one such site and earn money from home by working as a freelance writer.
Tip: If you are interested in building an academic and online writing portal then make sure your website has some advanced features that can attract students as well as writers. Don’t worry, we have the solution. Launch it with PaperWeight, which has the best features of top essay writing portals. You can also customize its feature and add new ones as per your wants.
Offer Services Online
For working class there is hardly any time for household chores and errands. And not all can afford a permanent housekeeper. Addressing this issue, an online marketplace is there that connects people who are in need of such tasks with people who are willing to perform them. People do work that other people are in need of in their spare time & get paid.
Tip: You need not have any special skills to begin with earning money this way, only a good amount of spare time. You can check out these websites and learn what type of services they outsource and join the ones you think fit you: TaskRabbit, Hassle, Airtasker, Zaarly, and Instacart.
Invest in Start-ups
Online ventures are in boom. Every once in a while, a start-up is making news by receiving a huge investment and multiplying its worth by considerable margin. If you have some spare money for investment, you can invest in start-ups. The profits with real estate and stock investment are somewhat limited in most cases. But if a start-ups turned out to be successful, profit margins can be very high.
Tip: Visit Seedrs regularly, as the website maintains a listing of most promising start-ups from across the globe. Target those start-ups whose business model strikes you as an entirely new one and that seems to be addressing an existing need.
Sell Your Skills
The value of skills is high in today’s highly competitive world. If you have acquired some specific skills during your professional career then you can bag a huge amount of money by selling them. Here, take the example of Erika Napoleteno, who uses her marketing skills to help businesses with branding, customer reach and sales improvement.
Tip: If you are inspired by Erika’s work, then you should certainly give it a thought. Since this way you can earn much more while working at your own pace and will. But make sure that you have a professional website of your own for your skills listing. Learn here, how much a website will cost you.
Buy & Sell Domain
This is, thus far, the most convenient way to make money, as you hardly have to do anything. All you need is a good knowledge of internet culture and a good understanding of current & upcoming tech trends. The process is simple. You buy website domain that you think will be valued high in future. People buy these domain at regular price but sell at considerably high price.
Tip: Instead of an actionable tip, let us give an example to inspire you. Facebook purchased the domain www.fb.com at a price of $8.5 million in November 2010, which is about 42 times more money they spent on their domain facebook.com. And a typical domain can be bought in just $10.
Become Social Media Marketer
If you spend too much time using social media websites then you can make that time useful by becoming a social media marketer (SMM). Brands look for people with a good social media following to generate awareness about themselves. So, the job is simple, as you will be promoting products and services of different brands within your network and getting paid for it.
Tip: If you are planning to step into social media marketing arena, then you first need to build up a good follower base. Also, get to know the target audience of different brands to produce better results and earn more money.
Become Traffic Reseller
Whoever owns a business website, knows the importance of online traffic. The math is simple, if more people visit your website, more are the business opportunities. Thus, companies pay good bucks to traffic reseller who promote their products and services on different online channels and help them fetch more online traffic.
Tip: Let companies know about your presence and your traffic reselling packages through a professional website. Remember! To attract more companies you need to portray yourself as a professional. You can log on to www.websitestarters.net to get your traffic reseller website ready in just $225.
Travel Affiliate Business
Travel Industry is in full swing in the online world. While most travel online businesses include websites that deals with travel destination listing, travel plans and booking, many are going for the niche market of travel affiliate business. As a travel affiliate business, you earn money by receiving a commission of the package sold by a travel booking website through you.
Tip: Don’t limit your options to a travel affiliate business alone. You can also add a few features of a typical travel booking website like travel planning. This certainly will help you attract more customers. For more ideas and a travel website built for you, we suggest you to check Travelerrr.
It is clear that all these money making online business ideas aren’t for everyone. While some might require a little start-up investment, some can be launched for free. Some can be easily launched within the comforts of your home, while some require a little legwork. So, eventually it depends on you which business ideas fall right under your budget and comfort zone.
In case, you want to know further about any of online business ideas mentioned above, feel free to mention your query in the comment section below. We would definably get back to you. Also, don’t forget to share your feedback on the post.