7 Online Business Ideas To Try Out In 2020-2021

 

Looking for ways to make cool cash from home or on your phone? Or you’ve just graduated from college and you need to get busy with something while also making money off it?

It’s simple. There are so many options for making money off your phone and the Internet. The best time to start an online business is now as it’s a time that’s filled with great opportunities and potential for online business boost.

Besides, a great number of people use the internet and smartphones are much more popular than before which has helped online commerce to grow a long way.

One interesting thing about online businesses is that it can be set up from anywhere and it’s actually very affordable. Most times, a good Internet connection is all you really need. It could even serve as an extra source of income alongside a 9-5 paying job and it could help you improve your skills too.

There is a great surge in online marketing and you definitely don’t want to be left behind. In this article, I have outlined seven online business ideas to make money in 2020.

Let’s delve into it.

E-commerce Business

Setting up an online store, selling goods and crafts online has gotten easier with the use of sites like Etsy. Etsy is an e-commerce website that deals with selling and buying handmade or vintage items and craft supplies. These items include bags, clothing, jewelry, home decor, furniture, etc.

Another solution is Shopify. Shopify is an e-commerce platform that allows anyone to set up an online store and sell their products online. It’s one of the leading e-commerce platforms designed for businesses of all sizes.

Even if you don’t have products to sell, you can work with a wholesaler and get products to sell through websites like Amazon and eBay.

As stated above, e-commerce is the activity of electronically buying and selling items online or over the Internet.

It has three areas; online retailing/shopping for retail sales direct to customers through websites and mobile apps, live apps, etc, electronic markets, online auctions.

This idea is best for creatives and business-oriented persons.

Online Gaming

Online gaming refers to video games played through the Internet. Online gaming is a very lucrative business on the Internet.

To set up and get started with online gaming, you need to;

Choose software

This is the point where your customers will play games and interact with your business.

You need to make sure that your software design is attractive, reliable and it should also contain the necessary features.

Create a budget

You also need to set a budget for the cost of setting up your online gaming business from start to finish. And this also means setting a budget that will last for at least the first year of operation.

Blogging & Vlogging

Blogging involves the process of writing content, publishing it, and sharing the content on the Internet.

Blogs are platforms where writers or individuals share views on different subjects. A business blog can be on a separate site with a separate domain or part of an existing business with the same domain. Blogging has to do with writing about topics that are relating to a product or service of the business.

While vlogging, on the other hand, is the process of blogging with videos by posting short videos of daily acts or on certain topics.

Now making money off your blog is the deal and there are several ways you can make money with your blog. Sponsored ads, paid ads and affiliate marketing are some common ways of making income with your blog or vlog.

You can use your blog or vlog to collaborate with companies and help them promote their brand, products, or services. Vloggers can get paid for doing product reviews.

To successfully partner with big brands and command high rates, you need a substantial amount of followers and you should always put out amazing and relatable content to drive attention.

SEO Consultancy

SEO is also known as Search engine optimization is a lucrative online business. It’s a process of improving and increasing traffic to sites by increasing visibility to users via web search engines.

If you are an internet savvy individual and if you have a good grasp of Google Analytics, then SEO optimization is a great online business idea to look into.

Computer Tech Support

As a computer tech support, you’re involved in the process of consultation, providing diagnosis, troubleshooting, maintenance, repair to a computer or similar electronic device.

To start a computer tech support business, you can set up profiles on Fiverr, Upwork, or even reach out to businesses yourself. A lot of I.T firms and companies need technical support and would most likely be willing to work with you.

Podcasting

Podcasts are episodic series of digital word audio files that anyone can listen to easily. You can either start a podcast to support a business you own or can start it independently.

Starting a podcast requires finding your niche. You need to decide what your focus will be and what exactly you’ll talk about on the Podcast.

It’s advisable to choose a broad niche topic so you can explore many sub-topics in the niche and also attract a highly targeted, specific audience.

Make sure it’s a topic you’re super interested in, you know a lot about and that comes easily to you in which you can speak for long whether informally or formally. The quality of your podcast attracts listeners and brands to you so that’s the top priority.

Starting a YouTube Channel

Another great online business idea is starting a YouTube channel. YouTube channels generate a lot of income and they also have a favorable algorithm.

Though there are some guidelines rules for making money with a YouTube channel such as:

• You need to have up to a thousand subscribers
• Your videos should have generated an average of 4000 views over 12 months
• You must comply with the policies and guidelines and lastly
• You need to have an AdSense account set up.

Creating a YouTube channel is actually easy. You can learn how it works by taking online courses, reading blogs, and watching videos on how to set up and make money with your YoutTube channel.

Setting goals and strategies to follow, finding a niche, getting the right equipment, creating nice thumbnails, and track analytics, verify your channel, design beautiful and attractive banners for your channel, and more are some of the things while on the journey of starting an online business as a YouTuber.

Final Words

This is not a full list of online business ideas you can venture into. There are a lot more ways you can make income with your Internet from home.

You just have to find the right product or service you can project, understand your niche and target market, find what works best for you, and create ways to maximize it.

If for some reason you didn’t like these ways of making money then you should seriously check out my #1 Recommendation To Make A Full-Time Income Online. It does cost $7 but you get so much more than what you pay for, let me say that again, so much more. If interested check it out here –  https://shellyhopkins.com/business-builder.

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