Advertising
Advertising

8 Online Businesses You Can Start Today

8 Online Businesses You Can Start Today

Online businesses are all the rage and hype these days. After all, in today’s world, you can practically do everything on the internet: from connecting with old friends, checking out books from a virtual library and taking an e-course, online interactions are prominent.

In this case, setting up online businesses seems to be a viable course of action.

You don’t need to have a lot of financial investment in the matter either. As long as you have the passion, the commitment, the drive, the street-smarts, and the talent, your online businesses can be great hits for your target market.

Which online businesses should you look into getting to? Here are 8 of them that you can start today:

Freelance Writing

Advertising

freelance writing

    If you have the knack for whipping up a whirlpool of words in a span of seconds, this may not be your best bet. But if you have a talent for delivering messages in an easy-to-understand manner, offering your writing services to other businesses can be beneficial. You can even do this part-time at first. Later on, you can go full-time and even make your own writing services agency.

    Make your own writing-centered website or sign up for third-party freelancing sites. 

    Life Coaching/Consultation

    Gone are the days when coaches were for sports, exclusively. Now, life coaches and even relationship coaches are there to essentially help people improve their futures and manage their lives!

    Produce your own coaching videos. Have your own coaching program. Reach out to problem-centered forums under your target niche. 

    Affiliate Marketing

    Hear me out on this one: only sell products that you are absolutely in love with. If you love business, try out business-based products and only market those that benefited you. Invest in your passion and profit will come.

    Advertising

    Promote other companies’s products and services on your own and get a decent commission every time you make a sale. 

    Buying and Re-selling

    There are a multitude of websites nowadays who can help you post advertisements to sell your products. You don’t even need to look very far and you don’t need to outsource your product development just yet.

    Start by selling stuff found on your home. It enhances your selling experience and improves your tactics. 

    Virtual Assistant Services

    Most business owners actually prefer a virtual assistant more than a full-time employee because it gives them more flexibility and more compatibility with less hassle.

    Use social media platforms to market your services. Make an online resume on outsourcing websites such as oDesk and Elance. 

    Advertising

    Graphic Design Services

    You can still differentiate yourself from the other graphic designers by targeting a specific niche in mind. Don’t just go for the generic templates – no one likes average, anyway. Be prepared to be cutting-edge and prominent.

    If you really have a passion of art, pursue this passion. If you’re only in for the money, the complications and competition in this kind of business may discourage you from succeeding. 

    eBook Selling

    ebook selling

      The eBook selling scheme is among the popular online businesses because of its ease and convenience. Now, you can get a lot of readers just by practicing the basics of marketing – once you have great relationships with your prospects, getting them to buy your book is as easy as A-B-C.

      Write about that you’re excited about. Write to inform, to educate and sometimes to even entertain. You don’t need to get caught up in the grammar department as a lot of editors are there to provide their services as well.

      Advertising

      Online Tutoring

      If you don’t freeze up in fear over the thought of Math, you can teach it online to students. Sometimes, even basic Math is popular because not all offline teachers can successfully communicate the lessons. Don’t limit yourself to only this subject, though, as Science and History are also buzz choices.

      Make a separate Skype account dedicated to your tutorial services. Charge by the hour. 

      As any brick-and-mortar business, online businesses also need your time, commitment, dedication and talent. Sure, you can start these up right now, but consider the fact that you need to maintain it accordingly for you to be able to reap the profits.

      What online business are you considering?

      More by this author

      The Ultimate Morning Routine for Success of Highly Successful People 9 Surprising Benefits Of Kimchi That Will Make You Want To Try It Now 11 Signs That Tell You It’s Time to Let Go 10 Differences between a Bad Boss and a Great Boss This Old Woman Has Lived On A Cruise Ship For 7 Years

      Trending in Work

      1 10 Key Characteristics of a Highly Successful Entrepreneur 2 Feel like Giving Up? 16 Way to Help Entrepreneurs Stay Motivated 3 How to Quit Your Job That You Hate and Start Doing What You Love 4 8 Things to Remember When You Don’t Know What to Do with Your Life 5 Why a Career Change at 50 Is a Great Opportunity & How to Make It Work

      Read Next

      Advertising
      Advertising

      Last Updated on October 18, 2018

      10 Key Characteristics of a Highly Successful Entrepreneur

      10 Key Characteristics of a Highly Successful Entrepreneur

      When it comes to starting your own business and pursuing your dream of becoming an entrepreneur, it can be advantageous to go all in and embrace the flexibility of finally quitting your day job.

      Keep in mind, though, that it takes a special kind of person to take the business world by storm: a person who has cultivated the key characteristics of entrepreneurial success.

      People with these characteristics are likely to succeed, whereas people without them have difficulty moving forward with even the most brilliant business ideas.

      These characteristics of an entrepreneur are so important that I’ve decided to cover all 10 of them in detail so that you can start your business with your best foot forward.

      1. Successful Entrepreneurs Practice Discipline

      Plenty of business experts claim that you can’t get anywhere as an entrepreneur without vision or creativity, but that’s simply not the truth. Instead, the one quality that no entrepreneur can be successful without is discipline.

      To build an idea into a business, you have to have the discipline to spend time slogging through the least fun parts of running a business (like the bookkeeping), rather than taking that time to do something fun.

      Andrew Carnegie, one of the most financially successful Americans of all time, grew up working dull and difficult jobs in factories. Despite going to bed hungry some nights, he continued doing his best work. He was eventually hired by a railroad company and continued to move up the ladder until starting his own successful businesses. Carnegie is a fine example of an entrepreneur dedicated to discipline and hard work. He truly earned his dreams of prosperity and success.

      When you’re the boss, there’s no one to keep you at work except yourself — and there’s no short-term consequences for skipping out early.

      Sure, if an entrepreneur plays hooky enough he knows that the business just won’t happen, but it’s very hard to convince someone that ‘just this once’ won’t hurt (and to keep ‘just this once’ from becoming a daily occurrence).

      Advertising

      2. Successful Entrepreneurs Keep Calm

      Things go wrong when you run your own business.

      Most entrepreneurs go through crises with their businesses — and more than a few wind up with outright failures on their hands. But when you’re responsible for a business, you have to be able to keep calm in any situation. Any other reaction — whether you lose your temper or get flustered — compounds the problem.

      Instead, a good entrepreneur must have the ability to keep his cool in an emergency or crisis. It may not make the problem easier to solve, but it certainly won’t make it harder.

      Honestly, losing your calm is a quick path to becoming the kind of person who gives up in the face of adversity. Instead giving in to frustration, remember classic entrepreneur Benjamin Franklin.

      Franklin kept his calm as he experimented and tweaked his inventions again and again in pursuit of success. He didn’t give up during his many failures – he chose to innovate. You can choose innovation, too.

      If an entrepreneur can handle failure without frustration or anger, s/he can move past it to find success.

      3. Successful Entrepreneurs Pay Attention to Details

      Restricting your attention to the big picture can be even more problematic than ‘sweating the small stuff.’

      As an entrepreneur, unless venture capital has magically dropped out of the sky, a small expense can be a killer. It’s attention to detail that can make a small business successful when it has competition and it’s attention to detail that can keep costs down.

      Attention to detail can be difficult to maintain — going over ledgers can be tedious even when you aren’t trying to pay close attention — but keeping your eye on a long-term vision is just asking for a problem to sneak in under a radar.

      Advertising

      After a business grows, an entrepreneur might be able to hire someone to worry about the details. In the beginning, though, only one person can take responsibility for the details.

      Skeptical about the importance of details? Look no further than Howard Schultz, who grew a small coffee shop called Starbucks into one of the most globally successful coffee businesses in the world through his extreme attention to detail.

      He is famous for taking all aspects of growing a business into account, paying attention not only to financially smart business decisions, but also focusing on socially responsible business decisions. Details can take you far.

      4. Successful Entrepreneurs Embrace Risks

      No entrepreneur has a sure thing, no matter how much money s/he stands to earn on a given product. Even if a product tests well, the market can change, the warehouse can burn down and a whole slew of other misfortune can befall a small business.

      It’s absolutely risky to run a business of your own and while you can get some insurance, it’s not like most investment options. Even worse, if something does go wrong, it’s the entrepreneur’s responsibility — no matter the actual cause. In order to deal with all of that without developing an ulcer, you have to have a good tolerance for risk.

      You don’t need to channel your inner frat boy and take on absolutely stupid risks, but you need to know just how much you can afford to risk — and get a good idea of how likely you are to lose it. If the numbers make you uncomfortable, the risk is too great.

      Embracing risks is essential for growth and additional success, as well. Walt Disney, for example, could have stayed comfortable with his advances in the film and animation industries, but decided to expand his brand with a new dream: a theme park that soared above the competition. Without taking this risk, the incredibly successful Disney theme park empire would never have come about.

      An entrepreneur has to be willing to accept pretty big risks, with some level of comfort.

      5. Successful Entrepreneurs are Balanced

      You can take any characteristic too far. There’s a point at which attention to detail can become obsession or calm can become unemotional response.

      Advertising

      As an entrepreneur, you have to be able to balance your characteristics, getting the most of them without going over the edge. But balance for an entrepreneur goes far beyond keeping your characteristics in check, though.

      Just as an entrepreneur doesn’t have a boss to keep them at work when necessary, they don’t have one to send them home when they’re done. If you are working for yourself, you have to decide how to balance your work and home life — and if you have a day job to add into the equation, balance just gets more complicated.

      Oprah Winfrey, one of the most successful and influential entrepreneurs out there, understands the importance of balance. Winfrey has a lot going on; she runs her own media kingdom, acts, produces films, publishes print, and more. In an interview with Fast Company,[1] she talks about her efforts to balance priorities and self care, saying that she must ask herself what is truly important in each limited day.

      You may or may not have as much on your plate as Oprah, but learning how to balance whatever you have going on in life will certainly help you farther along down the road as you learn to be a great entrepreneur.

      6. Successful Entrepreneurs are Passionate and Motivated

      In order to develop any of the above characteristics, you must have a foundation of passion. Staying disciplined day after day during the building of your business takes unrivaled motivation.

      Before you start any business, ask yourself if you can sustain true excitement about your idea during even the darkest days ahead of you. If the answer is yes, then good for you! Nurture your natural motivation by taking these action steps throughout your business journey:

      • Commit to making short and long-term goals. Check in with them often to stay on task.
      • Have a plan in place for the inevitable days when you feel discouraged. Make a list of things that will help keep you motivated and focused.
      • Share your ideas with trusted individuals who are just as excited as you are. They will help keep your enthusiasm rolling even when you are feeling down.

      By being prepared for apathetic days and holding fast to your authentic passion, you can actually enjoy your journey to success.

      7. Successful Entrepreneurs Adapt

      Remember this one word: flexibility. Seasoned entrepreneurs know that change is not only a part of life, but also a part of the business world. Expect change and choose to adapt.

      As a new entrepreneur, it will be tempting to cling to your original business plan with no exceptions, even if you notice it isn’t working. Good entrepreneurs know that it’s okay to make smart, informed changes in order to ensure efficiency.

      Advertising

      8. Successful Entrepreneurs are Marketing and Sales Experts

      No matter what kind of business you are starting, a knowledge of marketing and sales will save you many headaches. A passion for creating a beautiful handmade lifestyle product is not enough to run a successful lifestyle brand; it is critical that you understand key business principles in addition to your natural skills or great product line.

      Not sure how to start? Taking business courses is a great idea, but you can also easily brush up on sales and marketing through free online resources. Check out these 10 Sales Skills Everyone Should Master To Be Successful to begin now.

      9. Successful Entrepreneurs Have Strong Money Management

      Along with sales and marketing skills, money management is a very useful tool in the box of the entrepreneur. Understanding how to best manage your money can be the difference between early success and early failure in the business world.

      If money management isn’t your strongest skill, prepare to hire a financial expert to help you with any tricky business that comes up. Financial guidance and knowledge is never a bad idea.

      10. Successful Entrepreneurs Ask Questions and Continually Improve

      Pride is a natural human quality, but it’s important to humbly conduct some constructive criticism every now and again on both yourself as a leader and your new business as a whole.

      Assess how things are going and be willing to make positive changes if necessary. Here’re 15 ways to cultivate lifelong learning.

      If you are always improving, then how can you ultimately fail?

      The Bottom Line

      Let me remind you of one important fact: the qualities of an entrepreneur listed here are not exclusively available to some people and elusive to others.

      Although some people may have natural strengths and weaknesses, these qualities can be learned by anyone interested in taking up the entrepreneurial challenge. It might not be easy to change old habits, but it is absolutely possible to cultivate these characteristics in yourself.

      Whether you’re a business owner or an aspiring entrepreneur, with hard work, you can train yourself to develop the qualities that truly determine the entrepreneurial spirit and future success.

      Featured photo credit: Unsplash via unsplash.com

      Reference

      Read Next