7 Best Online Businesses For Beginners — Mentor Monkey
Suppose you are tired from your 9 to 5 job or have always dreamt of establishing your businesses for beginners. In that case, undoubtedly, you must be speculating thousands of ideas right now without any solid conclusion.
Building your business is no simple task. However, it is not entirely impossible as well. Countless individuals have already started their online businesses during the pandemic.
There is no shortcut to creating your own business– you need to have new ideas and carry the ability to implement them. The types of business presented to you may all be repetitive – what makes them unique is how differently you can execute them.
We have created a list of 7 online businesses for beginners that are especially good if you are a beginner!
As a small business head, you may not own a prominent place to call your inventory. So, dropshipping is an advantageous field where you are free from the difficulty of managing and delivering items. Moreover, there is always a likelihood of change in a newly discovered business – and luckily, you do not have to manufacture and store products beforehand in dropshipping.
Your only task is to make clients online through advertisement and promotions. Once you have found a customer and sold the item, the rest will be taken care of. The only investment you will require is to build your client network.
How does dropshipping functions?
- You list your items on a personal website or online platforms like Amazon, eBay, etc.
- When your customer makes a purchase, you buy the same from a third-party business (also called the manufacturer or wholesaler) at a lower price. You act as an intermediary, and the difference between the prices earns you profit.
- The goods are shipped by your drop shipper.
2. Affiliate Marketing
Relatively similar to dropshipping, in this domain, you do not need to have a stock of products as well. Choose a niche of your preference and then pick an affiliate partner who sells items from that niche. You have to promote those products through social media platforms, websites or blogs. Each product will have a link to your partner’s website connected with your account on it.
Whenever your client makes a purchase, you will receive a commission. There are no risks involved and no big investments compelled. The only area where you will spend is on the advertisement. The shipping, billing, payment etc., are all managed by the merchant in affiliate marketing. Unlike drop shipping, you do not require to resolve any customer queries or make sure that they receive their orders.
3. Food Blogs
Food Blogs rose to be quite popular amidst lockdown. You must have seen the food blog pages popping everywhere on social media platforms. The domain is very lucrative, and there are several ways to earn money.
One way is to develop your website and generate revenue through affiliate marketing, promotions like Google Ads, etc. You can also write a recipe book or sell it virtually. You can even open your store or a workshop! Once you have attracted viewers, you can start your Youtube channel and monetize your content there.
Another great way is to write paid reviews for online food services in your town. It all depends on how creative your ideas are.
The field is competitive, and the increasing number of food bloggers forces everyone to imagine uniquely and give rise to innovative ideas.
It is impossible that you have not heard of this platform. A lot of us spend a lot of time watching vlogs on YouTube channels. Why not start your own? Millions of videos are added to YouTube every month– how will you make yours stand out?
Just like we have mentioned above, you can post content related to your favourite niche. The content should be engaging and must pique the interest of the viewers. You can take some courses related to editing videos to hone your skills.
5. Sell Online Courses
If you are good at something, never do it for free- remember the quote?
Selling online courses is another great way of earning money. Many users are on the lookout for online courses to develop new skills and acquire knowledge and if you can make such courses – why not give them a chance?
6. SEO Specialist
SEO or Search Engine Optimization is becoming more important each passing day. It makes your website both user and search-engine friendly. You can take online courses to learn about SEO.
Not only do you need to learn everything about SEO, but you also keep up with the latest trends. You can build your website or work as a freelancer. With the dominance of digital marketing expanding, firms and brands are hiring more SEO specialists to make their websites easy to search and locate.
Upwork.com and Freelancer.com are some websites where you can find clients looking for freelance SEO specialists.
7. Online Boutique
There are two ways to build your clothing business online– you can either start your clothing line or act as a retailer and sell clothes from different companies.
If you want to operate on a smaller level, you can choose platforms like Facebook and Instagram to promote your clothes. Choose the latest fashion, keep the most affordable price and offer some irresistible deals, and you are good to go! However, if you want to establish a long-term business– you can create your website as well.