Do you want to set up a profitable online business in 2021?
Starting an online business is something many people dream of. It can create financial stability, provide more freedom, and give you the chance to pursue your interests.
But it can also be challenging. One of the biggest struggles aspiring entrepreneurs face is a lack of time. If you have other commitments like a job and family, it’s hard to fit a business in.
This doesn’t need to hold you back, though. There are plenty of business models available that are easy to set up and can fit into your schedule, no matter how busy it is.
If you’re looking for this type of opportunity, here are five online business ideas that you can start straight away and that are quick and easy to set up:
1. Affiliate marketing
Affiliate marketing has become a popular option in recent years. And it’s not hard to see why. This is a really simple business option for those with limited time and funds.
It’s basically a way of earning a commission by promoting products for a person or company. This could be a membership, ebook, or any other product.
There are also many big companies looking for marketers. For example, the Amazon Associates Program is a profitable option for many people, and a lot of people have success.
2. E-commerce store
Another option is to earn extra money by setting up an e-commerce store using Shopify. First, pick your niche, then you can set up your online store and start selling products.
When doing this, you can create your own physical or digital products, which can be time-consuming. Or, you can use drop shipping, which is a much faster route.
Starting an e-commerce store can be challenging, and it does require hard work. But, it can also be very lucrative, especially with the right branding and an awesome marketing strategy.
To promote your store, you can use various online methods like paid ads or blogging. You can also use offline methods like business cards, which you can make using an online tool like BusinessCards.
3. Social media management
If you have social media expertise or are interested in learning these skills, social media management businesses are in high demand right now.
This is a relatively simple business to set up, but it’s something that’s very scalable, and there’s loads of potential for business growth.
Running this type of business involves a range of tasks, like responding to messages, creating and managing posts, and setting up ad campaigns. These tasks can eventually be outsourced to free up more time to grow your business further.
4. Domain flipping
The next business idea is domain flipping, which is a simple way to make extra cash. For this business, you buy cheap domains, then sell them to someone else for a profit.
There are numerous platforms available to help you do this. One resource is Empire Flippers, which has tools that enable you to buy and sell domains online.
5. Online coaching
Do you have skills or expertise in a particular area? If you do, online coaching can be an amazing business to launch. It’s fast to set up, and demand for online learning and tutoring services has – because of the pandemic – never been higher.
You can use platforms like Skype or Zoom to host individual or group lessons in your chosen field. This could be daily, weekly, or monthly calls, depending on the client.
It’s also a good idea to market your business on different platforms, like social media, a website, or local listings. This can help you build a customer base over time.
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