The 6 Best Online Business Ideas to Start Now
Fun fact. Many great (and great is an understatement) businesses started in someone’s garage.
Steve Jobs (Apple), Jeff Bezos (Amazon), Bill Gates (Microsoft), Larry Page and Sergey Brin (Google), Walt Disney (Disney), and so many more amazing entrepreneurs had their humble beginnings in a tiny garage.
As someone who strives for the entrepreneur lifestyle, I get pretty inspired by garage located business start-ups. In fact, I wish I had a garage to work out of for my own businesses. The only problem with that is the minor factor that I don’t have a garage…
Can entrepreneurs still be great if they don’t have a dirty garage to work from?
The good news is that many of those entrepreneurs who started their businesses from the garage actually paved the way for people like you and me to start a business from our bedroom… or any room for that matter.
So, do you need a garage to start a business? Nope. Besides, that would be a huge, unfair, set back for anyone living in apartments or houses with carports only.
Whew! Now that we established that we do qualify to start a business, what kind of business is there to start in the 21st century?
I am one of the biggest fans of online businesses. I have two of them myself and they have been completely life-changing.
Not only can I work from my bed, in my pajamas, while watching a movie, the only real supply that I need is my laptop.
This is such a game changer from the brick and mortar business route. While I applaud anyone who runs a brick and mortar business, that simply wasn’t possible for me.
To start a brick and mortar biz, which basically means a business that operates at a location and not on the internet, there needs to be plenty of upfront capital. I mean, realistically you’re looking at thousands of dollars.
For someone who dreamed about being an entrepreneur my entire life, I found the idea of needing that much money upfront extremely intimidating and impossible. I mean, by the time I graduated college and was ready to start a business, while still working full-time, I might add, I already owed the government thousands of dollars in student loan debt (read about how I paid that off in only 2 years here!). The idea of then taking out a business loan and adding to my debt freaked me out.
So, I simply chose not to take that route. Enter the world of online business.
If you think like I did a few years ago, you might be telling yourself that it’s way too late to get into the world of online business because ‘everyone’s doing it’.
To that, I say ha!
That is completely false and should be scratched from your mind immediately. The world of online business might seem saturated, but the reality is that it is young and new.
The world is quickly shifting to online everything. Why not start now with your corner of the internet and see where you go as the internet takeover grows and strengthens?
There are fewer risks with online businesses, high success rates, and low overhead.
Have I convinced you to at least think about starting a business online?
If you’re thinking, ‘Well yeah, that would be awesome! But, what business should I start?’, don’t worry, I have a list of my top 6 ideas below. Two of them I actually do myself. The rest, I have seen them successfully done.
Besides, I know that you can absolutely achieve anything you put your mind to.
With that said, here are the 6 best online businesses to start now.
1. Start a Blog
This one might be obvious, but I have to put it in the number one spot.
Before we talk a little about this, blogging is not dead! Just because you didn’t start a blog in 2005, when people were using blogs like diaries, doesn’t mean it’s too late for you.
While some people still use their blog as a form of a diary entry, there are many people who have successful online businesses through blogging.
With that said, blogging is a great opportunity to share your advice and experience on a topic that you are passionate about. Once you build a following and a connection with your readers, you can expand into monetization methods in order to turn your blog into a money making blog.
Some ways to make money blogging include ads, affiliate marketing, creating online courses, and selling physical products.
Many successful bloggers make thousands of dollars a month. Trust me, it’s not too late to start your blog!
2. Amazon FBA
Ever wonder how Amazon is able to sell anything and everything? That’s because regular people can become professional sellers on Amazon.
Yep, members of Amazon FBA (fulfillment by Amazon), can private label their own products and sell them on the marketplace.
In a nutshell, Amazon FBA provides sellers with the opportunity to build a brand or simply sell products to all of their costumes, especially those with Prime.
Amazon handles all the shipping (there is an option to ship yourself), they hold your products in their warehouse, and they handle all customer service. It really is an online business win.
There are plenty of people making a full-time living just by selling on Amazon.
My fiance and I have an Amazon FBA account and we are building our brand through the marketplace. If you’re interested in knowing what we sell, check it out here!
3. Any skill on Fiverr
If you aren’t familiar with Fiverr, it’s a website for freelancers in graphics, marketing, writing, tech, etc., to offer their services on a freelance marketplace.
This is the perfect place to start if you are good at anything computer related or are simply creative. There is even an option to translate content into another language, which is a great opportunity for anyone bilingual.
If you’re good at working on the computer, consider starting a business helping others with their computer related needed. This is the perfect place to offer your services and gain credibility in the field of your choice.
4. Virtual Assistant
Virtual assistants (VA’s) are a big deal these days. In fact, many people are making a full-time income being a VA for a person or company.
If you aren’t sure what a VA is, it’s exactly what it sounds like; an assistant who is virtual. All communication is done virtually and you complete the assigned tasks in the comfort of your own home!
The unique thing about VA’s is that the job description is specially tailored to each VA.
I have heard of VA’s doing basic business work such as handling social media accounts, bookkeeping, and product management, to handling personal business such as getting birthday gifts, sending cards, and managing emails. The details of you and your boss will be decided between the two of you, as well as rate and hours.
There are plenty of websites online where you can sign up to be a VA, just make sure you do your research!
5. Sell on Etsy
If you’re crafty, Etsy is the right avenue for you.
It can be difficult to find a market for homemade goods and crafts. While there are street fairs and open markets you could sell your crafts at, Etsy gives you access to an entire online marketplace looking specifically for homemade crafts.
Most crafters use their spare time to create unique items for fun. Might as well turn that hobby into an online business and get paid for it.
Believe it or not, YouTubers can make a ton of money. Some people might think that YouTube is just for teenagers to film themselves doing dumb things, but the truth is that it is a valid online business.
Just like anything, monetizing YouTube takes a while and is not an overnight success. However, with time and persistence, it can become a full-time gig.
With the way society is evolving, YouTube will only get more and more popular. YouTube went from funny cat videos to people vlogging their lives, posting tutorials, and offering educational information.
Personally, I watch YouTube every day because I love all the free knowledge it provides me.
If you’re thinking that it is too late to get into the YouTube game, you’re wrong! Just like blogging, YouTube is not dead. If you have a skill or knowledge of some sort, film yourself and share it with the world!