If you’ve been considering starting a business, the best way to ensure success is going online. Thanks to the advancements in technology, the internet, and smartphones, the amount of commerce conducted online is experiencing steady growth. However, many are also venturing to online operations because of its convenience and great potential — giving you fierce competition.
Luckily, there are plenty of business ventures that not many have explored, and to give you an upper hand, here are six business ideas you would’ve never thought would work online.
SEO
With more people going online for shopping and research, search engine optimization (SEO) has become a lucrative niche that anyone can dive into, as search engines like Google and Yahoo are becoming more competitive and profitable. You can take advantage of this continuous growth and capitalize on the industry by offering services like keyword research and page creations. You can also learn professional SEO services to get a better understanding of how the industry works.
Webinar
One of the best ways you can sell things online is through webinars, and you don’t need to make actual products. The best way you can get into this lucrative business is by finding a product to promote and get behind, then build a quality webinar about it. You can use software programs like Funnell Scripts to streamline the process for you, helping you create an entire webinar alongside copy for ads and swipes.
Chatbot
Chatbots are AI-powered software programs that replicate customer service tasks, such as helping clients with their orders or transactions. It represents a new digital frontier for businesses looking to automate their operations to streamline their customer interaction. You can build your very own chatbot through software programs such as Manychat, helping you create a chatbot business with minimal startup costs — and with the increasing demands of automation, this business idea guarantees long-term growth.
Box Subscriptions
A recent business idea that has exploded is box subscriptions. Although it’s nothing new, thanks to the rise of the internet and its impact on everyone’s life, box subscriptions have breathed newfound life online. The idea is to sell items surrounding a niche in one box. For instance, successful box subscription business dollar shave club offers ‘shaving essentials’ for men in their boxes, which became a huge hit. If you have the funds and following for it, this business idea can be your tick to long-term success and growth.
Teaching/Tutoring
Although people wouldn’t usually associate teaching with a high income if you have any skill that may be appealing to adults and kids, why not help them hone those skills? If you dedicate your time to several students, and you possess several skills/talents or know people that do, establishing an online teacher or tutoring business can be a lucrative and rewarding business idea. Online tutors can earn anywhere from around $30 to $60 per hour, depending on the subjects’ difficulty.
Business Coaching
If you’ve had some experience in the business industry, and have a great understanding of the market forces that drive purchases, consider business coaching. It lets you tap into the massive market of aspiring business owners and entrepreneurs trying to join the growing world of commerce. The best way to approach this business idea is to offer a high amount of value upfront and then have clients pay for excellent execution.
Additionally, to drive in leads, you’ll need to have more confidence in yourself, and you’ll need a good deal of social proof to achieve that. Because of that, if you want to launch a successful business coaching firm, help clients succeed and get their testimonials. Then, you can position yourself to charge clients high rates.
Countless individuals have already leaped into entrepreneurship online. Buying something or availing of services has never been easier, making online businesses a lucrative venture, and with the right ideas, such as the ones mentioned and plenty of equity, you can kickstart a successful online startup in no time.