Today, the definition of the word “job” has changed drastically. In decades past, a job meant getting up early in the morning, dosing yourself with caffeine, getting stuck in traffic, and spending 8 hours in an office before bringing your stress home to your family. In 2019, this “9 to 5” mentality is being challenged more and more every day. And it’s all down to the endless possibilities provided by the internet. Countless people are ditching their jobs and becoming financially independent, stress-free, web-based entrepreneurs who work from home. But how can you become one of these people?
Like we said, the possibilities are endless. There are numerous ways to make money online, and it all depends on your personality, your strengths, and what you see yourself doing. In this article, we’re going to go over 12 viable options to start online businesses in 2019. We’re sure that at least one of these options will spark your interest, and send you on your first steps down the path to financial freedom, being your own boss, and living your dream.
Some of these online businesses you can start with very little to no money.
- Why The Internet Is A Profitable Marketplace
- Why Working Online Can Be The Best Job Ever
- Your First Thoughts Going Into Online Business
- 1. Jump On Board The Booming E-Publishing Industry
- 2. Sell Your Expertise And Knowledge About Your Passion
- 3. SAAS – Software As A Service
- 4. Print-On-Demand Technology Could Be A Gamechanger
- 5. Drop Shipping Is Booming Right Now
- 6. Coach Others And Sell Online Courses
- 7. Make A Fortune From Advertising Services
- 8. Master Amazon’s FBA Program For Incredible Profits
- 9. Sell Services In The Digital Marketing Industry And Benefit From Digital Arbitrage
- 10. Become A Successful Affiliate Marketer
- 11. Cash In On The Rising Peer-To-Peer (P2P) Industry
- 12. Flip Web Domains For Profit
- Wrapping Things Up
- How I earn 6 figures online using the right business this 2019
Why The Internet Is A Profitable Marketplace
But first let’s examine why the internet is so important today, and how you can use it to create an unstoppable business. Ask yourself why people surf the web. More often than not, they’re visiting various sites to discover new information. Maybe they’re trying to figure out how to eat healthy. Maybe they’re looking for new DIY projects. Or maybe they’re like you, and they’re looking for guidance on how to start online businesses! The concept remains the same, and this is the golden rule for all businesses: Provide people with something they need, and you’re well on your way to creating a profitable business. Remember, business is just an exchange of value. So what value can you add to the internet?
Why Working Online Can Be The Best Job Ever
While you’re mulling that over in your head, let’s go over some awesome benefits of working online – things that will get you super excited about your new life and career…
Do you secretly want to travel the world, and witness all of the magic and beauty this planet has to offer? We know how you feel. The one thing that holds a lot of people back from this dream is something that seems to limit most of our aspirations – money. But when you’re working online, money ceases to become an obstacle. All you really need is a laptop and an internet connection, and you can travel the world for years on end, embarking on a stunning adventure and a neverending working vacation. This is a huge benefit for a lot of people, and it’s a big reason why so many millennials love working online. If you’re a total globetrotter, then starting an online business might be a great option for you.
Do you hate having a boss breathing down your neck, telling you what to do and micromanaging your every decision? Well, those of us working online have almost forgotten what it’s like to even have a boss. When you’ve got an online business, you make your own hours, and you decide when you want to take a break. You’re the only one in control of your own destiny.
Speaking of which, it feels great knowing that your success or failure is in your hands alone. You’re never stuck waiting for that next big promotion that you’re not even sure you’ll ever get. Instead, your income and success is a direct reflection of how much work you decide to put into your business. If you’re industrious and determined, you will succeed, regardless of what anyone else does.
Your First Thoughts Going Into Online Business
Do we have your attention? All this sounds pretty wonderful, but you’re probably wondering how a lifestyle such as this is actually possible. In truth, it’s really not that complicated, and you can get started right now. Here’s how it’s done…
The first thing to realize is that you don’t need any type of specialized education or fancy degrees. Sure, a general knowledge of business isn’t going to hurt, and neither is your Bachelor’s Degree. But the important thing to realize is that some of the most successful online business owners had no formal training when they got started. Some of them even dropped out of school in order to pursue their dream, and they’ve never looked back. That’s the beauty of this industry – anyone can do it.
Secondly, you’re going to need some kind of plan before you even choose what kind of business you want to start. Set out some goals. How much money do you want to make? How much money do you want to invest? Where do you see your business in 5 or 10 years? Why do you want to start an online business in the first place?
Setting goals and coming up with a plan is important, because only then will you be able to define what success means to you. Keeping tabs on your progress is very important. For example, if you know how much you want to earn each day, you know when you’re not meeting those goals, or whether you’re actually exceeding them. Only then can you really get a sense of how much progress you’re making.
Now all the important stuff is out of the way, let’s move on to what everyone’s dying to know about – the Top 12 Online Businesses To Start In 2019. Each one of these options is guaranteed to be profitable in today’s day and age, and there’s really no “wrong” choice. But you should still take your time and choose carefully, because this could be the beginning of the rest of your life…
1. Jump On Board The Booming E-Publishing Industry
Let’s start the list off with something fun and creative. Publishing your own books used to be a long, hard process that required time, effort, and a publisher willing to take a chance on you. But Amazon has opened up a whole new world of possibilities with Kindle. Now, people all over the world are able to self-publish their very own books as independent E-Publishers. Maybe you’re not the kind of person who sees themselves writing books for a living. Don’t stop reading. You can still make a fortune from the independent E-Publishing industry by hiring ghostwriters to write your books for you. With the right approach, you can make this into an extremely profitable business.
Crunching The Numbers
Just how profitable is E-Publishing? The data from 2017 alone indicates that hundreds of millions of dollars were made from E-Publishing, depending on the genre of book. An average book can earn you anywhere from $100 to $500 dollars per month. But the most successful independent authors out there can earn upwards of $50,000 per month if they’ve released an awesome, popular book series.
So how do you get started in this business? First of all you need to consider the costs. Initial fees will be quite low, especially if you’re writing the book yourself. You’ll probably need to spend at least a hundred dollars on an illustrator who will make an eye-catching cover for your book. Then you might consider spending at least another $100 on marketing. Finally, you’ll need to hire the services of an editor to help put the finishing touches on your book. Putting it all in perspective, this is not a large amount to pay, and expect to see a return of at least 10 to 20 times that initial investment.
Let’s say you’ve finished writing your book and you’re ready to publish. Before you move on to the next step, here are some interesting strategies used by those who have actually been successful in this industry:
Price the book at 99 cents to start. You can then market the book easily on various websites.
Post excerpts of the book on social media sites to get people hooked.
Create an awesome email list and go all out when the book is published.
Guest posts can link back to your book if you’re clever.
Once the book has reached the top 10,000 ranking, raise the price to about $2.50.
Keep raising the price every few days until sales start to decline, and then subtract 1 dollar.
This is your optimum price.
Writing Ebooks is a solid choice for many reasons. First of all, it doesn’t have to be a full-time job to be successful. Many writers only spend about 30 minutes each day working on their books. And once it’s published, it becomes passive, recurrent income that keeps rolling in every month. While it definitely helps, you don’t have to be passionate about writing to make this business plan work. You can outsource by hiring ghostwriters, and become more of a publisher than a writer.
2. Sell Your Expertise And Knowledge About Your Passion
This is one online business idea that encompasses so many elements of what we see every day on the internet. It could be blogging, creating websites, YouTubing, putting out podcasts, or giving webinars… But all these online businesses revolve around the same thing – selling your expertise and knowledge about a particular area of interest. This area of interest is also known as a “niche,” and plenty of people have become very rich off this idea.
In short, it allows you to put all that knowledge you once thought was pointless to good use. Maybe you’re a guy who knows all about the best sneakers and the newest styles. Or maybe you know all about train sets. Maybe you’re really knowledgeable about air filtration systems, golf balls, or hot air balloons. The point is, it doesn’t matter what you know, as long as other people are searching the web for the information that you have. If they’re clicking on your content, that means there’s money to be made.
Types Of Niche Online Businesses
The first and most obvious example of a niche online business is a blog. Starting a blog is one of the easiest things you can do on the internet, and there are plenty of examples of people who are making 6 to 7 figures with their simple blogs. Often, these people started their blogs for free with WordPress. But at the very most, you can expect to spend about $20 for a cool domain name.
A more labor intensive option is a Niche site. This is much more complicated and involved than starting a simple blog, but the rewards can potentially be greater. A Niche site is much more interactive than a blog, and will often include a wider variety of content. A solid niche site can earn you about $500 a month, and in many cases even more.
There is also the option that almost everyone is familiar with, and that’s taking your expertise and knowledge to YouTube. It’s not as profitable as it once was, but there are still plenty of people making a great income on this platform with many earning millions each year. YouTube comes with its very own unique challenges and obstacles to overcome, but it’s definitely one of the more colorful and glamorous options for a niche online business.
You can also use Facebook to create a highly profitable niche business. Marketing funnels and Facebook groups can build you entire armies of customers who are dying to hear what you have to say on a particular area of interest. You can then sell those customers physical products or information products.
There are plenty of people out there who started their business as merely a hobby – simply talking about their interests. But this is one online business that can really grow to epic proportions, and soon you’ll find yourself with massive brand deals and an audience of several millions. The great thing about this business idea is that you’re doing something you feel passionate about. Another amazing benefit of this business is that you can take it in so many different directions. You have the freedom to choose whatever suits you best – whether it’s writing, shooting videos, or anything else you can come up with.
Remember, one of the most valuable things on the internet is original content. If you know something no one else does, there is a way to monetize that, and the rewards can be staggering.
3. SAAS – Software As A Service
If you don’t already know, the term “SAAS” means “software as a service.” While this might sound a little mystifying and complicated, there’s really not much to it. Examples of SAAS include Google Drive, Dropbox, WebEx, and many others that you probably use every day. The general concept behind SAAS is that you have to pay to use them. These applications generally rely on subscription fees. Once you stop paying the fees, you can no longer use the application.
Why SAAS Is Profitable
While this concept might sound slightly stingy or unfair given the widespread availability of free apps in 2019, keep in mind that fees can be quite low. For example, Google Drive only charges users a couple bucks per month in order to access hundreds of gigs worth of storage. Even with this low number, the profits start to seriously accumulate given the fact that millions upon millions of people worldwide use and rely on these services.
How To Create A Great SAAS Business
And that really is the key to creating a good SAAS business. Design and create an application that will become a key part of people’s everyday life. Make an app that people just can’t live without. Much easier said than done, but there are so many great examples of creative people who have come up with deceptively simple concepts for SAAS businesses.
This ties in with another incredibly profitable online business idea – designing and creating your own apps. They don’t have to be a SAAS to be successful and profitable, and you don’t even need to know how to create an app to succeed in this industry. The actual heavy lifting of coding and creating the app itself can be outsourced to others, and all you really need is a good idea.
That being said, it definitely helps if you already have some knowledge on how to create apps, and what it actually involves. Not outsourcing means more profit. And even though apps don’t have to be a SAAS to be profitable, it’s a great way to monetize a great idea. If you can come up with an app or a piece of software that you know tons of people will rely on, you might as well turn it into a SAAS.
Once the app is out there and making money, the work isn’t over. This isn’t like an Ebook where there’s a steady flow of passive income. SAAS apps need to be updated, maintained, and improved constantly. That being said, you do have the opportunity to sell your SAAS for 6 or 7 figures if it becomes successful enough.
4. Print-On-Demand Technology Could Be A Gamechanger
Is all this techno mumbo jumbo making you feel lost? Are you trying to figure out how you’ll succeed in the world of online business, considering you’re not someone with a lot of technical knowledge? Well, if you’re a more artistically-inclined soul, then a Print-On-Demand business might just be the perfect solution. This is a business that relies on unique art and graphic designs which are printed onto everyday products – such as t-shirts, mugs, posters, and much more. You own the intellectual rights to the art and the designs you print, and that’s where the money comes from.
How It Works
We know what you’re thinking: I don’t have the money or the space to start printing stuff on t-shirts and mugs! How am I going to fit a whole factory into my apartment? This is a common misconception surrounding Print-On-Demand businesses. The actual printing and the housing of inventory is handled by other businesses. You’re only supplying the designs – that’s it! Even better, you don’t actually have to pay for any inventory until the customer buys something.
What You’ll Need
As simple as it is, Print-On-Demand businesses still require a lot of work. You’ll need to make business connections with suppliers, as well as create an eye-catching website that will draw people in. Then there’s the whole marketing process to consider, of course. And last but not least, the most important thing – the designs you’ll be printing onto your products. You can easily create these yourself, or if you’re not an artist, you can simply outsource the entire process.
As you can see, a Print-On-Demand business is extremely viable for anyone to start – not just artists and graphic designers. Obviously it helps if you’re the one supplying the designs, because that means less outsourcing. But it goes both ways as well! If you’re an artistic type with no desire to start a business or create a website, you can still work in this industry as a freelancer – supplying your artistic designs to existing Print-On-Demand companies around the globe.
Print-On-Demand businesses are projected to rake in over $1 Billion dollars by 2022. It’s a fast-growing industry, and it’s tailor-made for those with a strong background in graphic design and art. If you can come up with a viral, trendy graphic design for a t-shirt, you could easily end up making 6 to 7 figures off a business that’s easy to set up and run from your home.
5. Drop Shipping Is Booming Right Now
Drop Shipping is like the simpler, easier little sister of Print-On-Demand. This Online Business is even less complicated to start, because you don’t even need any graphic designs to print. Instead, you’ll be selling ready-made, finished products to customers directly. Just like Print-On-Demand, you won’t have to worry about inventory or shipping, as all of this is handled by a third party.
How It Works
So if you’re not supplying graphics and you’re not really doing anything, then what value are you providing to your customers? Well, it pretty much comes down to marketing, a great website, and top-notch customer service. Yep, that’s pretty much it! Think of yourself as a middleman. You’re buying products from a third party, taking a commission, and selling it to buyers.
The most common example of this type of online business is selling clothes. You provide the photos of models wearing the clothes, the sizing information, details about the clothes, and contact information for anyone who has more questions about the product. When they place an order, your supplier makes money, you get a cut, and everyone’s happy.
This has got to be one of the easiest ways to make money online. If you can handle the heavy lifting of creating a great website, marketing your products, and getting customers, there’s really no downside to this type of business. In addition, there’s no real risk, as you’re not buying up large amounts of inventory with the hope that you’ll sell them eventually. There are numerous guides online detailing how to start a Drop Shipping business, and they go into this subject in much greater detail. But be wary – third parties now have a reputation for scamming Drop Shippers these days, so make sure your supplier is reputable and reliable.
6. Coach Others And Sell Online Courses
If you really have a massive wealth of knowledge in a particular field, you might consider selling an online course. The most common online courses out there have to do with business or health, but you can easily make an online course about pretty much anything. Examples would be courses about how to raise self-esteem, lost weight, or even how to become a Hollywood actor. Obviously, in order to make this work, you have to be a legitimate expert at something. You don’t want to pretend to know something you don’t.
But even if you’re an expert at a particular subject, that doesn’t mean you’ll automatically be good at teaching that subject. Being a teacher is an art in its own right, and not everyone has what it takes. Others take to education like a fish to water, and seem to excel at helping people learn even the most complicated tasks.
What You’ll Need
There’s definitely a lot of organizational and logistical things to consider when selling courses online. You’ll need to come up with a course outline, complete with several modules. You’ll also need to build a schedule based around that course outline. In addition, you’ll want an efficient means of communicating with each of your students. You might even have to create an online learning platform from the ground up, specifically tailored to your course.
Perhaps most importantly, you’ll also need to figure out how you’re actually going to receive payment from your students. Do you want your students to pay a recurring subscription fee to access your course? Or would you like to demand a one-time payment from your students? In addition, you’re going to have to consider the software and the logistics of handling online payments for your course, which is no easy task.
If this sounds a little too complicated for your liking, there are easier options out there. You could simply decide to give Skype Coaching calls to your students, with no actual course materials required. Or you could even do a podcast. You might even consider releasing simple PDFs. All of these things fall under the umbrella of “digital products,” with an online course being only one example.
Crunching The Numbers
According to the raw data, the fastest-growing topic for online courses is healthcare. But management, marketing, and even personal training are also topics which rank highly among growing online courses. Interestingly, while healthcare courses are growing fast, the courses that typically demand the highest fees are those in the area of business – such as strategy consulting, human resources, and IT specialties.
Here are some strategies that successful online coaches use for maximum profits: Self-publish an Ebook on your topic of choice before you start the online course. That way, you can refer back to your book as a sign of your established reputation in the business.
This also gives you an opportunity to write out a general idea of what the course will look like in your Ebook.
It’s a great idea to constantly update your course, especially if it’s a course with a recurring subscription fee. Speaking of which, monthly fees are probably the way to go when it comes maximum profits for online courses.
Make sure your relationships with your students are top-notch. This is the most important thing. Then, focus on delivering results to your students. Finally, you can follow up with your students and get them to write testimonials for you about how your online course has helped them.
It might also be a good idea to provide multiple payment options. An example would be a bronze membership, a silver membership, and a gold membership. That way, you’re more likely to get a wider range of people taking your course, even those who don’t have the funds for the “full experience.”
Online courses are booming right now, and if you’ve got expertise on a subject, this is a great way to monetize that knowledge. Creating an online course takes a lot of patience, skill and organizational know-how, but there’s a reason so many people are doing it right now – it’s extremely profitable.
7. Make A Fortune From Advertising Services
A lot of this entry is going to include business ideas that we’ve already mentioned, but Advertising Services are such powerful tools for online income that they deserve their very own section. You’re probably very familiar with Advertising Services, even if you don’t know it. We all experience advertisements every day, but they behave slightly differently in an online marketplace. And luckily for you, they way they work on the web means you can profit incredibly from Advertising Services!
Some of the most common examples of Advertising Services in action can be found on your favorite YouTube videos. There was once a time when YouTube didn’t actually have “mid-rolls,” or advertisements that interrupt the videos we watch. This was long before people figured out how profitable these advertisements could be, and now there’s no going back.
Types Of Advertising Services
But after you’ve successfully made some serious money from Advertising Services, these ads will no longer seem like an annoyance. They’ll be quite the opposite, and all it takes is for a company to select your YouTube videos for their advertisements. Yes, this particular type of Advertising Service does require a semi-successful YouTube channel, but it’s just one example.
There’s also Advertising Services through social media. We previously mentioned blogs – these can also host Advertising Services that can seriously ramp up your income. In addition, you may have noticed YouTubers using advertisements in different ways. For example, they might post a link to a product that they want you to buy – even offering unique discount codes. This is called Lead Generation, and we could write an entire article based only on this type of Online Business.
The Bottom Line
The bottom line is that this online business is very profitable, since advertisements are essentially the bread and butter of how money is made on the internet. And when it comes to Advertising Services, YouTube remains a very attractive option. With billions of unique users per month, an audience made up almost entirely of millennials, and global traffic, it’s an advertiser’s dream. That means there’s lots of money to be made.
8. Master Amazon’s FBA Program For Incredible Profits
Amazon is still the king of online sales, and there’s plenty of room for yet another entrepreneur to milk this giant cash cow. How much money are we talking here? Potentially 7 figures per year. This is a business that lets you leech off the popularity and proven structure of Amazon, and they’ll do most of the heavy lifting for you. If you’ve got a product you think will sell like hotcakes, starting an Amazing FBA Business might just be the best solution.
What Is An Amazon FBA Business?
Before we get ahead of ourselves, let’s break down what an FBA business actually is. First of all, FBA stands for “Fulfillment By Amazon.” Like we said, Amazon will do most of the work here – but this is definitely not as easy as a Drop Shipping business. You will have to do some serious market research, analysis, and marketing if you want this business to succeed. The difference between an FBA business and a Drop Shipping business is that you have to physically supply Amazon with the products you want them to sell for you. You drop the inventory off at their warehouse. But from that point on, Amazon handles everything, including shipping, packing, and customer service.
But in the grand scheme of things, they’re only doing a fraction of the workload. You’ll need to come up with an idea for an amazing product, find someone to manufacture the product, and come up with a plan for selling the product on Amazon. This means professional photography, advertising, business connections, and much more.
It’s hard to understate just how much research and analysis is needed with this type of business. If you’re the type of person who can see patterns in numbers and see the trends in complicated graphs, then this will be easy for you. If not, well… Let’s just say that this is a very competitive industry with plenty of people who really know what they’re doing. You’ll need to have a pretty solid grasp on things like profit margins and setting the right price.
Crunching The Numbers
Even though an FBA Business definitely comes with significant hurdles to overcome, the rewards can make it all worth it in the end. In 2017, Amazon cemented its place as the third largest online retailer in the world. The company also raked in $94 billion dollars in sales. The number of people selling with the FBA program grew by 70% last year as well. It won’t take much to get started, although it can be pretty steep for most people. Although Professional Seller Account only costs $40, initial startup costs can be upwards of $3,000, all things considered.
To sum things up, a lot of people are making a lot of money with Amazon’s FBA Program. It’s challenging, it’s competitive, and the potential rewards could be well into 7 figures per year. And that’s exactly why so many ambitious entrepreneurs are doing it.
9. Sell Services In The Digital Marketing Industry And Benefit From Digital Arbitrage
This is another way to create an online business by playing the role of a middleman. But this time, instead of selling clothes or mugs, you’re selling digital marketing services. One key example of this is Digital Arbitrage, which a term that usually refers to Ad Revenue. Put simply, Digital Arbitrage involves taking advantage of the difference in prices – in this case the price of traffic that can be monetized with advertisements. You know the drill – buy low, sell high. We’re just taking those same principles and applying them to things like AdSense.
Types Of Digital Arbitrage
You can also apply this principle to just about anything marketing related that can be bought and sold on the internet. First you create a contract with a company. They might ask you to help them with their social media presence, create a blog, or provide some graphic designs. The concept is simple – you find people who can do these tasks for you, and pay them less than the contract is worth. You end up coming out with a profit.
The Challenges Of Digital Arbitrage
Because this type online business involves a lot of outsourcing, most of your time is going involve quality control. Most likely, you’re going to be working with people from other countries with weaker economies. That’s why they’re willing to work for less, after all. Language barriers can and will be an issue, and making sure they’re actually delivering a quality product will probably be your biggest obstacle.
All in all, the sky’s the limit when it comes to this type of online business. The great thing about this type of business is that it can grow to seriously epic proportions. You can start small, and before you know it you’re delivering contracts to some of the biggest brands on the internet. It’s deceptively simple, and if you know what you’re doing, there’s a lot of money to be made.
10. Become A Successful Affiliate Marketer
In a nutshell, Affiliate Marketing is all about selling links. You provide a simple service to a company, and that service is the most important one ever – a never ending supply of customers. Companies will pay you a pretty penny if you can drive traffic to their site, and they’ll be even happier if those people end up making a purchase. You’ll earn a commission every time someone clicks on one of your links and buys a product on someone else’s site.
How To Be The Best Affiliate Marketer Ever
So how do you set up an Affiliate Marketing business? Like we said before, Affiliate Marketing is all about selling links. And in order to put these links out there on the internet, you’re going to need a website. This website should be centered around the market of the products you’re trying to help sell. No, it can’t just be an empty page filled with random links. You have to to give customers a reason to click on those links.
There are two types of Affiliate Marketing sites: Niche Sites and Authority Sites. Niche Sites focus on one particular product, and are much smaller. Authority Sites feature tons of articles and pages, and they center around an entire topic. You can try both out, and see which one is best for you.
In addition, you can provide Affiliate Links to either physical or digital products. The physical products might be more common and easier to sell for many Affiliate Marketers out there, and the commission is usually around 2-4%. However, if you can manage to provide Affiliate Links to digital products (online courses, podcasts, PDFs, etc), the commission is usually much higher – sometimes upwards of 75% commission…
So how do you get people to click on your links? The best way is to be honest and reliable. Successful Affiliate Marketers don’t try to “sell” products as much as they try to give their genuine opinion on them. Why? Because they want their customers to keep coming back to their sites. No one is going to visit a site that says that literally every product out there is the best thing since sliced bread. They’re going to come to your site because they know they can trust your judgement.
You can find Affiliate Marketing everywhere these days, not just on Niche and Authority Sites. How many times have you watched a YouTube video with a link to a product in the description? That’s Affiliate Marketing. This is also getting more and more common in social media, and indeed all over the internet.
Crunching The Numbers
The numbers are pretty attractive for this online business. You can expect to earn upwards of $100,000 per month for an extremely successful affiliate marketing business. The benefits of this type of business almost sound too good to be true. The startup costs are laughably small – just spend $10 on a domain name and you’re good to go. There’s also the fact that once your site is set up, it’s almost completely passive income. More than 80% of brands online use affiliate marketing, and when you consider the insane amounts of people buying items every day on the internet, you can visualize how big even a small slice of that pie can be.
This is definitely one of the best ways to make money online, providing you can generate traffic and build a large audience. Even on the low end of the scale, making a few hundred extra dollars a month is pretty awesome, especially considering it’s completely passive income that just keeps rolling in. Keep in mind the fact that it definitely helps if you know what you’re talking about, and you’re presenting the product in a genuine and honest way.
11. Cash In On The Rising Peer-To-Peer (P2P) Industry
One of the newest developments in the online marketplace is P2P Lending, or Peer-To-Peer Lending. This is actually a pretty revolutionary development, and it’s right up there with bitcoin in terms of its potential to change the current banking system as we know it. What it basically boils down to is providing people with an alternative to the banks when they want to borrow money. Instead of walking into their nearest bank and asking for a loan, they instead ask the internet – usually with a much more reasonable interest rate, as a matter of fact.
How P2P Works
Think of it as crowdfunding, but in this case the funders aren’t just contributing to something they believe in – they’re actually making a healthy profit. And instead of funding a business venture, you’re just “betting” on the fact that the borrower will pay back the loan. The loans aren’t free, and the lenders usually make a decent return on their investment. This is done through a P2P service, such as Lending Club, Prosper or BitBond. You can choose to either loan someone money in the full amount they’re asking for or team up with several other lenders online to share the financial load (and the risk).
Crunching The Numbers
So how much money do you stand to make by investing in P2P Lending? Well, it’s considerably better than leaving that money in your bank account. The interest rates for P2P Lending is typically around 8%, but the P2P service take a cut of 1%. This leaves you with a respectable 7% return on your investment. Compare that with most banks’ interest rates of little over 1%, and you’ve got a profitable, relatively safe investment which many people have been very enthusiastic about.
The Bottom Line
Like any investment, P2P comes with risks. The P2P service merely matches you up with lenders. And it’s up to you to assess whether the lender is worth the risk. Remember, these are people who (for whatever reason) aren’t going to the bank to get loans. Sometimes this is because the interest rates are much better in a P2P system. Other times, it’s because the bank doesn’t trust them – and for good reason.
That being said, there are plenty of amazing stories surrounding P2P Lending. People have made massive fortunes off an initial investment of just a few dollars. It’s something that will continue to grow and develop in 2019, and it’s one of the newer and more exciting business opportunities out there today.
12. Flip Web Domains For Profit
We’ll end the list with something fun and a little bit insane. As crazy as it sounds, this concept is nothing new. People have been flipping properties in the real estate market for many, many years. But with this online business, you’re flipping digital real estate rather than physical real estate. Hear us out. This is actually one of the quickest and easiest ways to make money online, and it’s something that can be packed into even the busiest of daily schedules.
How To Flip Websites For A Profit
Flipping Web Domains is exactly what it sounds like. You buy low, and sell high. But every good house flipper knows that in order to get real profits, you’ve got to raise the value of the house somehow before reselling. It’s the same with web domains. Let’s say you buy a web domain for $1,000. You then hire a specialist to increase the traffic, optimize the SEO, and do some internet magic. In a few short weeks, you’ve got a web domain worth $10,000. All you need to do now is pay the specialist $1,000, sell the domain, and walk away with a $9,000 profit. All for doing literally nothing.
Sometimes people sell their web domains because they’ve given up on them. Maybe they think their site is worthless, and maybe it is. But perhaps they don’t understand the true value of their web domain, and they’re sitting on a potential goldmine. This is what every domain flipper dreams of. This exact scenario has made quite a few people very rich indeed. But in the worst case scenario, even if the site really is worthless, a talented domain flipper can still squeeze some value out of it.
The great thing about this business is that anyone can get into it. There are websites worth a few hundred dollars out there. There are even domain names worth about $10. You don’t need much to get started. This business is completely adaptable to how much work you’re willing to put in, and how much free time you have. You can work to make a site better. Or just hold onto sites and domains that you know will increase in value.
Examples of insane profits with this online business are all over the place, and some are almost legendary in status. Chris Clark once famously bought “Pizza.com” in the early 90’s for $20, and sold it 14 years later for over two and a half million dollars. There are plenty of people out there who have made over 100 times their initial investment in under two years.
This is a fun, easy way to make money online. Who knows, maybe you’ll buy a domain that’ll end up being worth millions in the future. The trick is to think about what domains that could be valuable or trendy in the future, and quickly snap them up before anyone else. Or you could make money in weeks rather than years by improving existing websites. It’s all up to you. This is another business that doesn’t necessarily require too much time or effort, but it still has the potential to be incredibly profitable.
Wrapping Things Up
By now you’ve probably got all kinds of ambitious ideas floating around in your head. Good. Dream big, and make it happen. There’s something out there waiting for you in the Wild West that is the internet, and that Golden Goose will make you a millionaire. You’ve just got to connect the dots between where you are now, and where you need to go. Let those plans in your head grow bigger and bigger until they just can’t be contained any longer.
But remember, nothing is going to happen unless you take action. That’s why we made it so adamantly clear that setting goals are important – before you choose the online business you want to pursue. If you’ve decided on what type of Business you want to go for, now’s the time to refer back to that plan. Start implementing your goals. Spend time on it each and every day. But whatever you do, don’t freeze up.
No matter where you are in life, one of these Business Ideas will be easy to pull off. Don’t give yourself any excuses. What’s that? You don’t have any money to invest? Most of these Online Businesses require little or ZERO money to get off the ground. There’s nothing stopping you from getting started, even if you only own the shirt on your back.
That being said, don’t just choose the easiest path you see before you. Instead, choose the path that will give you the most joy and satisfaction. Start an online business which profits from your passion. Not only will that be a more enjoyable business, but it’s also more likely to succeed. Because when you’re doing something you truly believe in and care about, it shows. People are drawn to honesty and real emotion. Because in the crazy, fake world of the internet, that’s rare.
This might all seem like an unlikely dream that will never happen. But remember, there are plenty of people who were once standing exactly where you are. They chose to make their dreams a reality and became massively successful in the process. Will you do the same?
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