People make the assumption that online business is limited to only a few different online business ideas like affiliate marketing and e-commerce. The truth is that people are earning and income online doing all sorts of things. Starting a home business has never been easier and it doesn’t have to be something that requires 40 hours of your time every week.
Don’t I Need Huge Startup Capital?
This is one of the biggest misconceptions about starting an online business. This has stemmed from the traditional retail business models where a significant investment is required before you can even get started, and even then, you won’t see profits for the first two years. Traditional forms of business don’t really make sense anymore. They have been surpassed in every single way by various online business models.
The answer to the question is in fact, no, you don’t need a huge startup capital at all. In fact there are plenty of articles out there that specifically list different business ideas with low investment requirements.
What If I Have A Very Busy Lifestyle?
Another common misconception about online business is that you need to be doing it full-time for you to get any results. While it is true that putting in more time reaps better results, however this doesn’t mean that you can’t start a business on the side. There are tons of good home business ideas that can be started on literally just a few hours a week.
This short list of business ideas should get you thinking:
Create A Youtube Channel
Youtube is the second biggest search engine in the world. With practically an unlimited amount of traffic, the possibilities are endless when it comes to generating a buzz and attracting a loyal audience. The first way you can generate an income from youtube is through the ads that are displayed on your videos. The more views your videos get the more you earn from these ads that are displayed.
With that being said, the real money maker on youtube is to funnel traffic onto your own website where you sell your own product or service. Youtube can be an amazing way for you to generate leads and attract referral traffic on to your website so this is best suited for people who have already established their online business.
If you’re bi or multi-lingual, online translating is something you should look into. This could be a great little side business to start up and can be done from anywhere in the world, as long as you have a laptop and internet connection! You can check out some of the latest freelancer jobs here
Even browsed onto those websites that sell stock photo’s? Well the people who shoot all the pictures get paid by companies like Shutterstock and IStockphoto. If you’re into photography, this can be a nice little earner for you. To really excel at this you want to create your own website so you can post up your portfolio and start attracting work from big corporate clients.
Create Software As a Freelancer
Freelance software development is huge. All the major freelance websites are packed with project postings for custom software development projects that people want. All these projects don’t skimp on payment either. Things are looking great for software developers at the moment, there seems to be more demand for software by the year. To a certain extent, this is to be expected considering how technology is increasingly being used for things.
Websites like Upwork and Freelancer are packed with software development projects for you to seek your teeth into. If you’re a software developer, I would highly recommend considering this side business opportunity.
Believe it or not, the T-shirt printing business is worth billions of dollars a year. People all over the world have created completely passive income streams through selling t-shirts on the internet. Pretty crazy right?!
This is the perfect business you an start on the side while working a full-time job. The most important thing with this type of business is choosing the right niche. Some niches are so overcrowded and have insane amounts of competition.
You also want to take the time to do your research on the best ecommerce platform as there are dozens of platforms and they all have slightly different features and price points.