What’s an Online business and why you need this online business ideas? With recent global economic recession, people have faced tough times to retain their jobs as a result of lot of changes been noticed in the corporate world. It is hard to become employed at this times and it is almost close to impossible to find good job these days.
Under these circumstances, the wisest course of action taken by lot of people is to start up their own home based online business as a source of secondary income. There are online business ideas where you may not require huge capital investment but you would only require using your skills, talents and sources to make profitable business venture right from your home.
Internet is wonderful platform that provide worldwide exposure to find out various job opportunities and thus spring numerous online business ideas.
Let us find out top 8 online business ideas which are most honest and genuine to make money right from your home:
Top 8 Online Business Ideas
Affiliate marketing is one of the best online business idea where you need not require owing product to sell online with affiliate marketing but market a product or service to the potential customers by redirecting them to the merchant website. If the customer happens to make purchase you will be paid your commission.
Thus, your role as an affiliate is to channelize targeted traffic to merchant’s website, without worrying about business backend functions like delivering goods, payment processing and customer support. The beauty of affiliate marketing is that you do not require any technical wiz or internet savvy and start your online business without costing a dime.
Website Flipping Business
Website Flipping term is influenced from the property industry where investors buy a property, renovate and sell it at higher price. Website flipping essentially follows the same process online with an art where investor invest buying, improving and selling websites at higher price.
Website flipping is the quicker option to buy existing and established website with higher earnings and higher position on search engine result pages instead of putting all efforts and money buying all tools to build website and further placing it on top rankings on Google.
One can sell a website as high as 10 to 15 times price of the monthly earning potential of the blog or website. The future of website flipping business is going to be next fastest growing online business in coming years with the shortage of high potential niche domain names. Read here one of the article describing this business nicely.
Blogging has shown tremendous success results to lot of bloggers. There are lots of bloggers who have left their full time job just because of their online success. Blogging itself includes several methods to make money online with viable advertising programs like Google Adsense, Chitika for bloggers to make money via contextual ad program.
Affiliate programs like Clickbank, Amazon and LinkShare are alternatives to explore your marketing skills promoting products or services with blogging. These days, lots of bloggers are involved in digital assets to support and add revenue to their blogs. Digital assets like e-courses, e-books, tele-seminars are being run by bloggers.
Business blog writing, blog network opportunities, flipping blogs, consulting and speaking are considered as potential medium to make money through blogging. Follow some of the blogs like are Labnol.org, ShoutMeLoud.com, FamousBloggers.net, Kikolani.com, Technocian.com etc.
You will find lots of tips and help from these blogs on the topics. There are hundreds of similar good quality blogs and once you visit these blogs, you will find more references. Patience is the key to the success in blogging
Like Blogging, content writing jobs is also one of the most leveraging online business ideas that you can get easily based on your writing skills. Career opportunities get wider everyday with awesome paying jobs. Typically, Indian writing market is running very low pay per hour rate as well as do not get enough exposure due to ghost and pseudo writing.
Indian writer despite of much hard work they are paid very less. You can get best value for your writing by refining your resume and portfolio and definitely stand out of the crowd influencing over large number of people. Highlight your writing skills and expertise along with some best interesting work in your online resume.
Content development is not limited to article writing only but there is more like managing social media profiles, analytics etc. You can check the reference article here
Start an SEO Business
This one is emerging like a winner among all online businesses. If you are internet savvy with good knowledge of search engine optimization, social media, website optimization then starting your own SEO business will be fantastic online business idea.
You can weave your magic offering various services to webmasters with each website racing to get top rankings in particular niche. Website owners continuously looking for cost effective alternatives to help them optimize web space, increase visibility of their web pages, enhance their search engine rank and cording more visitors.
Even if you are an expert in only one of the SEO part, you can make a good living by handling the projects at Elance, ODesk, Fiverr where you can get lots of assignments.
Become A Seller on EBay
One more good online business idea is to make money selling your products on eBay. eBay provides virtual storefront where you can create and manage your own online web store. It provides online platform with huge potential to reach global consumer base.
You can sell out wide range of products from electronic and digital gadgets, lifestyle products, handicrafts and lot more. Either you can sell your own product or services or even you can sell other products through tie up with the merchants in your area. ‘Sky is the limit’ is the one line sentence to describe your earning capacity at eBay.
Create a Membership Site
Creating a membership site is very lucrative home based business model where you can get comfort to work in your own premises of your home and set up your own office from there. You can decide products, services or contents to sell on your membership site.
You can announce free as well as paid membership where free membership will have limited access to features and products while paid members will get full access to your website. Your only investment will be to purchase domain name and have your own website.
The selection of the niche will be important factor since this decides your customer base joining your site. Check one of the best article describing “how to build a membership site in 48 hrs”
Sell your own Products & Services
Creating and selling your own products or services online is again one of the best online business ideas with least up-front investment. You can take your products or service from zero to stardom with print-on demand technology.
You can create your own products like garments, fabric, books, clocks, games, skateboards 15 such print-on demand sites. CafePress, Zazzle, Spreadshirt, Pikistore, Lulu, CreateSpace, deviantArt and many others online sites are available to sell your own products. Read more on Mashable here
Finally, when it comes to running your own small business several advantages and disadvantages are accompanied that probably you would never ever have thought of. Let us what are they:
Advantages of Online Business
Low investment to start-up
Web business requires minimal investment or zero investment in comparison to any other business. You need investment to purchase domain name costing your less than $20 a year and web hosting account annually costing you less than $50 a year. These are just two basic tools required to get started online.
Minimal risk in online business
Due to low-cost startup, there is low-risk involved in online business. You do not have to mortgage your house to create an online venture. And that is the reason, you won’t lose anything if you don’t get success through any of the online business ideas.
No inventory to carry
You can choose business model where you focus on selling digital downloadable products online. You can also consider earning income advertising on your blog, selling lead to other business or earn revenue through pay-per-view articles on your website.
You are free to work from anywhere anytime. You will only require Internet connection to maintain your business. Hence, online business ideas give total freedom to work
Maximum usage of time
In most of the cases web based online business does not want to deal with headaches of having engaging employees, managing the team, paying them salaries etc. You will be reducing your overhead by keeping your work agile with maximum usage of time in building your business. You can hire freelancer on need basis.
The greatest advantage of any online business ideas is the potential to reach worldwide audience. Hence, give you unlimited earning potential. If you have business model laid with effective systems then you can develop it to much bigger venture eventually. Perhaps, Scalability is one of the main attractions of starting enterprise online.
Disadvantages of Online Business Ideas
Pretty hard to become your own boss
It is very difficult to run entire show and keep everything charged individually. The risk involved here is that you may not make money if you do not do things properly. You being gung-ho about every business idea that comes to your mind and every project that need to be taken care by you just because it is you business.
Difficult to be continuously motivated
With normal job, anyone would get enough motivation to get regular paychecks. It is very difficult to keep you continuously charged and motivated especially dealing with the physiological attitude that nobody is around you busy working.
Difficult to work without any schedule
Freedom to work on your schedule is one virtue attached with online business ideas but it brings with itself burden of being responsible and discipline to execute. You need to be self disciplined, organized, consistent and persistent with never giving up attitude to achieve success.
Lack of human contact
If you are a person who likes to be always around people or people around you working in a cubicle office then online business ideas may not fits you. Online business may give a feeling of being socially detached as most of the conversations are being carried out with emails. You may find rare instances where you need to talk personally on phone.
Finding yourself different
You look different from the majority of people around you. Especially, when you find anyone with an impressive title carved on the gold name plate on their office desk or in front door of the house. People tend to define their occupation but unfortunately you feel weird introducing yourself as a website owner no matter the amount of tweets you have with you. This means it is difficult rather different style to get yourself introduce as web entrepreneur.
There are lots of earning opportunities with online business ideas which has given best results to lot of people but it is you who needs to decide whether it will work for you or not. Being web entrepreneur and see your own boss in you is not all about getting peaches and cream. We would like to hear your own good and bad experiences of you journey as web entrepreneur. Just tell us if you want to start your own online business and which online business idea is working or can work for you.