There are a million ways(not actually) to “make money online”, majority of them related to e-commerce, that is selling your products or services through a website.
You may have a very good idea and may even have those rosy plans leading to profitability in a few months. But planning and execution are two different things. For e-commerce businesses to succeed you need a lot of patience and sometimes(actually most of the times) deep pockets to compete against the likes of Amazon and other biggies.
Today, I am presenting you a list of online businesses you can start today, yes today! and may even become profitable in a week. You just need a few dollars, a little time daily (yes persistence pays) and the will to actually make money online.
Domain Name Investing and Trading
All internet businesses need one thing without which they can not even start. Domain name is the first thing most people search when they decide to start an online business. and what they find is that the name they have arrived upon after that long brainstorming session is already taken. That’s where a domain name investor or trader comes into the picture. You can hand register a domain for as low as a few cents(for first year atleast) and sell it later for a profit of thousands of dollars, even if you don’t have much skills as a sales person you can easily sell it for a few hundred dollars if the domain is good.
So, start with one domain name or a few if you have the patience and pockets to sustain the renewal fees(not all domains are sold within a yaer, neither are all names renewed after the initial term).
Rank and Rent SEO
Rank and rent SEO is a relatively unique concept in the SEO industry. It uses a different angle of marketing your SEO services and skills. Instead of pitching potential clients that you can optimize their website’s SEO and bring in more traffic and leads, you do the opposite.
You buy a domain name particular to a niche and rank it on the first page of google for certain keywords of that niche industry. Now, instead of telling the potential clients about how you can help them get more leads you show them that you already have a resource ready at their disposal that they can deploy now and start getting the traffic and sales.
Lead Based e-commerce
Lead based e-commerce is a very interesting way of selling products on your websites. here, instead of first manufacturing(or buying for resale) the product, you skip this totally important step and just list a lot of products on your site and promote your website. When, you recieve a lead or sale you source the product and ship it.
Sounds illogical? let me illustrate with an example. Suppose you want to sell furniture pieces online, you set up a website with a few popular designs and outsource the manufacturing when you receive an order and ship it.
Ofcourse, this type of business needs a little expertise or knowledge about the industry(or atleast a partnership with someone from the industry). And this model works usually for custom made product and services like car/Bike customizations, custom artworks, designer clothes, shoes, phone cases, etc.
Niche Affiliate Marketing
Niche based affiliate marketing works. It has been here for quite some time now but as long as people continue to buy things online they will be needing reviews for those products and will prefer and trust reviews on niche/specific sites that target a particular product or category.
The only important thing to remember is to check whether there is a big enough market or even an affiliate program pertaining to that niche.
Niche Amazon Site
Niche Amazon site is a sub type of niche affiliate marketing website as it strictly focuses on a category present on Amazon.com or other country specific amazon sites. The added benefit here is the massive public trust and goodwill Amazon has amassed, so that you don’t have to convince your readers to trust that affiliate site, you just have to send he traffic to Amazon.
And yeah, Amazon also offers advertising fees and will even pay you if the person buys a totally different product instead of the one tat they clicked on your website.
Freelancing is not new, but guess what the gig economy gets bigger every year with more people choosing to work part-time and offer their services on demand instead of being confined in a routine 9 to 5 job.
There are a lots of websites where you can list your freelance services and get paid by the hour or for the job.
YouTube Video Creator
If you have been an active internet user(not even a marketer, just a user) you must have noticed the proliferation and growth of video content on all media websites, Facebook and other social media. They say, “Video is the future”, but actually video is the present and if a picture says a thousand words then a video effectively says a lot more.
Here, also the procedure is simple, choose a niche with low competition and enough interest among the targeted community but most importantly you must yourself be passionate about the niche you choose. Just use your phone and create a few videos to know the response.
It’s like every monkey with a DLSR starts to think of himself as a photographer, every person with a website considers himself a blogger, similarly every online marketer has a web dev agency. But, having a web dev agency is different as you can actually outsource all the aspects of designing and developing the website, even SEO and marketing can also be outsourced. You just need to have good sales and negotiation skills.
Think about it, not every business may need a photographer or writer/blogger but certainly all businesses want an online presence and a basic 5 page website. So, set up your agency website and join a domain and hosting reseller program. Just pitch em till you get em!
Have some ideas of your own? Share in the comments section below. And yeah, don’t forget to join the newsletter unless you want to miss an update that can change your life for good!