Online business continues to grow at double-digit rates. According to eMarketer, there was a 24.8% increase in 2017 over the previous year. The global worldwide sales reached $2.304 trillion, with mobile accounting for 58.9% of those sales.
As online business continues to take a bigger chunk of the traditional retail market around the world, this is a good time to get your online business ideas up and running.
This is because 47.3% of the world population is expected to buy online. And as more people use eCommerce, customers will be looking for new and innovative online business ideas to make the experience even better.
Remember, paying to learn any business idea of your choice from experts is not unwise.
Some Online Business Ideas
Blogging is a viable business opportunity that allows you to choose a niche that really suits you. And you can make money through advertising, affiliate products, info products or any number of other avenues.
2. Become a Freelance Writer
While a knack for writing is necessary, becoming a freelance writer online can earn you thousands of Naira- and is typically a pretty easy gig to find.
Sites like UpWork offer lots of great freelance jobs that can earn you over $1,000 – and, lots of other freelancing pays per hour as well, earning you an average of $15 to $20 per hour.
3. Buy and Sell Domains
Many people buy and sell domain names to earn money online since it takes very little time or investment. You can purchase a domain at its registration price or even much cheaper and then resell it for a profit. But, it always pays to do your homework first on websites like Afternic.com, Sedo.co.uk, or other domain auction websites in order to get a good idea of what’s popular in terms of domain names. An ideal way to find really good names is to check out terminated lists that offer many expired names and have made their way back into the pool for people to buy. A good site for this is expired domains.net where you can put in your desired keyword that you want in your domain name and a long list of domain options will appear.
4. Online market trading
The historically hard-to-break world of investing in stock markets and currencies has been cracked wide open. Today there is no need to be an expert or a financial analyst to trade online. You can do it all yourself with the help of online market trading platforms. Bitcoin, XRP, Ethereum And so many more
5. Take surveys online
While taking online surveys won’t make you rich by any means, a few minutes of your time can earn you a few extra dollars. There are a number of websites that will pay you to take surveys: Harris Poll Online, Opinion Outpost, National Consumer Panel
6. Social Media Manager
If you’re social media savvy, you can offer your services to brands that want help managing their social media accounts on a daily basis.
7. Social Media Consultant
Alternatively, you can simply offer your social media expertise to clients online instead of actually managing the accounts for them.
8. Social Media Influencer
Or you can instead focus on growing your own social media accounts. And if you garner enough influence within your network, you can build a business as an influencer that works with brands to promote products and services on your account.
9. Start a YouTube Channel
Despite the fact that not all of us will earn YouTube stardom, some of us might – and that’s exactly how you can make money for your videos on YouTube. The popular platform can potentially generate thousands of dollars of income – but, there is more than one hoop to jump through.
10. Become a YouTube partner
The big money on YouTube is if you meet the requirements to become a partner. This year, YouTube changed the requirements to become a partner. You need to have a channel that has reached 4,000 watch hours in the previous 12 months and 1,000 subscribers.
When you’re a partner, you start earning by how many views you receive. Here’s how it works: “YouTube takes around a 45 percent slice of advertising revenue, although the CPM (cost per thousand) that advertisers are charged varies. Most partners earn anywhere between $0.30 to $2.50 CPM.”
11. Connect to Google AdSense
Once you become a Youtube partner, you can connect to Google AdSense, their advertising system. You’ll be paid based on the number of “impressions” your videos get. That’s when someone clicks on or watches an ad.
12. Product placement
If you can get companies to sponsor your videos, or place their products in your videos, you can generate even more income. But you’ll need to inform YouTube of these product placements, or they may pull your partnership.
13. Write an e-book
Writing an e-book and selling it is a lot like making courses online. Again, if you have a topic you want to write about—it could be as simple as the hobbies you like—writing about it should be easy, and if you can find a site willing to buy your book you can rake in a little extra cash.
You can go through Amazon Kindle Publishing—they’ll charge you a commission each time you get a sale, but their reach is huge, so you’re more likely to sell more copies.