16 Best & New Online Business Ideas You Can Start Today
If you are looking for a way to earn extra income, want to switch your career or want to start a small business, an online business can be a perfect way to earn big money.
I don’t want to convince you why you should start an online business because you know its potential & you are already reading in newspapers & TV channels about the people or companies who became millionaires & even billionaires from the online business.
All you want to know is a perfect idea to start an online business!
And here, I am going to show you 16 of the best online business opportunities where people are making few hundred dollars to thousands of dollars a month depending on the time they spent & the way they work.
Top 16 Online Business Ideas
I have made money from all these online businesses & based on my experience, I am writing about these online business ideas.
There is no problem if you don’t have any product. In fact, thousands of sellers who are making money as a seller does not have their own product.
They just buy it from the local market at a very cheap rate & sell it at a higher price on these sites. You can join any or all the shopping sites & start selling.
3. Become a freelancer
Freelancing is another best online business anyone can start. There are number of best freelancing sites where you can signup & provide number of services to the people or companies.
You can charge a fixed amount or on hourly basis for a particular project. There are many online services you can provide as a freelancer.
You can check sites like Elance, Upwork, Freelancer.com & many other sites provided here to do some research on different types of work people provide & charges they take for providing the work.
Many people make $500+ as a freelancer. And there are freelancers who make even more than $5000+ a month from this online business.
4. Create a YouTube channel
YouTube partner program is another online business opportunity provided by Google to create quality videos, publish it on YouTube & make money.
You can create a YouTube channel based on a particular topic & then publish similar videos on regular basis in your channel.
You can then join YouTube partner program where you can earn money for each & every video views.
5. Training & Consultancy
If you are an expert in some field then you can provide online consultancy & training to the people who are looking for your services.
This is one of the best business idea because you can provide training & consultancy to the people all over the world.
Some of the examples like Online Classes, Vaastu, Nutrition, Body Building, Accounting, Job Placement, Finance Advice, Gadget Repairing, Coding, Stock Trading, Certificate Courses, Health & Fitness, Cooking or anything you are expert in.
You can create a website or a Facebook page & use these simple methods to promote your online business.
6. Domain & Website Flipping
Domain flipping & Website flipping are 2 separate online business ideas. You can buy domain & website for cheap & sell it for much higher price.
If you are interested in domain trading then you need to research domain that people may be interested in future. You need to buy such quality domains & then list these domain onGoDaddy auctions or other marketplace to sell if for 50 times or higher price.
If you are interested in website flipping then you can buy the established websites for under $100, work on it for 3-4 months & sell it for double, triple or even more price.
7. Online Network marketing
Whether you like or not but network marketing or MLM (multilevel marketing) is one of best business idea you can start.
Its better if you choose an established company with a good product. You need to research & make sure that the company you join don’t have any problem in future.
8. Manage Social Media Profiles
Do you know there are thousands of high profile people, small or medium business who need individual like you who can manage their social profiles.
You can manage their Twitter or Facebook account & update on regular basis. You will be responsible for increasing the followers & engagement.
You can earn $200 to $1000 for managing one single account. You need to learn digital marketing before you can start this business.
9. Affiliate Marketing
Affiliate marketing is another most popular online business you can start. Here, you need to signup as an affiliate in a company & promote its product.
There is a great income potential in affiliate marketing but its not that simple to work as an affiliate.
There are hundreds of best affiliate marketing companies like Amazon, Flipkart, Clickbank, Commission Junction & many others you can join & promote.
You need to learn each & everything about affiliate marketing before you actually make money from this.
10. Outsourcing Business
Do you know there is no better online business than outsourcing because you don’t have to do anything in this business.
But you need to establish yourself as authority or brand if you want to make huge money from this business.
There are millions of companies worldwide who can pay any amount but need quality work as per their standard.
And there are millions of freelancers who can provide the high quality work at a fraction of price these companies pay.
You can take the orders from such companies & outsource all the work to these freelancers & make a great profit.
Some of the platforms you can use for this outsourcing business is Elance, UpWork, Fiverr, Freelancer.com & many others as shown here.
11. Sell Photos Online
Are you an excellent photographer? Then there is a chance of making great income by selling your photos online.
There are dozens of photo sharing sites where you can upload your photograph & make money from each & every download.
12. Virtual Assistant
Virtual assistant is one of the best online business idea & is very popular among women. This work is like a personal assistant but in this case you don’t need to physically present to assistant your client.
You can help people with your skills & manage their business partially as per their instructions. There are number of sites like People Per Hour, Elance, Fiverr etc. where you can find unlimited opportunities for you.
There is no better time than this for a start-up. You can find dozens of start-ups daily in countries like India, USA & others.
There are more than 50 sites which provide online make money opportunities. Different company has different concept, e.g. some companies pay you for reading the ads, some pay you for data entry, some for online survey, some for promoting their products & many others.
Inshorts: How A Facebook Page Became A 600 Crore Company
It was an ordinary Facebook page, created hopefully like the many thousand others that are created each day on the world’s biggest social network. It didn’t exactly aim to change the world. Its claim was relatively modest – it said it would provide news updates in 60 words.
Three years later, that Facebook page has metamorphosed into a Rs. 600 crore company.
Inshorts has never been a conventional enterprise. Its founders don’t exactly fit into the mould of media moguls who’d run a company with millions of monthly pageviews. They’re 23 year olds who dropped out of IIT who say they knew nothing about the media world. “We never really thought InShorts would take off the way it did, but our college allowed us the flexibility to take a year off, and we thought why not”, Azhar Iqubal disarmingly tells OfficeChai. Azhar was in his 8th semester at IIT Delhi when he along with Deepit Purkayastha and Anunay Arnav decided to start InShorts.
“It was really easy to set up. Unlike other startups where it takes months to get off the ground, we were up and running in 3 days flat”, laughs Azhar. The premise was deceptively simple – they’d provide their fans with snappy, 60 word updates of happenings around them. They didn’t aim to break news, but summarized news reports from established sources. The number 60, Azhar tells us, was completely arbitrary.
There was clearly a market for it, and Inshorts grew fast. The Facebook page garnered 1,000 likes in 8 days, and at the end of the first month, they had 20,000 likes. “Our network helped. My friends liked the page, and word spread pretty quickly”, says Azhar. “The IIT community helped with the initial traction.”
Then one day a very special IIT alumnus happened to come across Inshorts. His name was Sachin Bansal. “One day, I got a mail from Sachin Bansal saying he really liked our product, and would like to meet up.”, says Azhar. “Turns out that Sachin had been using our product, and thought it had great potential. He wanted to invest in our company.”
Not merely content with its premier position in the news segment, the company is now on the lookout for new audiences. “We’ve launched a Hindi version of the app, and we’re pleased with the response. We’re also looking into expanding into languages, and perhaps going global.” says Azhar. Inshorts’ rebranding from News In Shorts, its original avatar, also allows it to focus on content beyond news and become a content discovery platform.
“Our team is looking at ways to make content discovery more natural.”, says Azhar. Inshorts now employs 72 people, half of which are in the content team. “We generate around 140 stories a day, but only show 40-50 to a particular user. We’re trying to understand user preferences and build an engine that shows users stories that they’re interested in.”
Competitors with similar business models have sprung up, but Azhar remains unfazed. “We were the first movers, and the market is quite big. Look at the e-commerce world, there are so many players, and they’re all doing well. Even if we have competition, we’ll fight in the market, and the best product will win.” In short, they’re in for the long haul.