Expert Answers to Biz Questions
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5 Profitable Online Business Models
There is no secret that we are taking our work and our smart ideas online, to develop and improve them. The same we do with the business ideas, which are adapting in a very fast pace to the online needs of the past years.
But which is the online business model to choose? While many go with the inspiration and with the things they are good at, some prioritize the profitable business ideas.
You may have heard of some of the most profitable popular online business models. Here is a list of five such ideas which can get you started online with confidence:
Some call it “drop shipping”, but either way, this is a rather new online business model. It is an increasingly popular form of e-commerce, and is appealing to starters as it is not hard to manage.
In this business, you get to sell a product to the customer without physically owning it. How it works:
Unlike any other online commerce models, dropshipping doesn’t involve producing and storing, so the cost are much more reduced. You can reach out to millions of customers, because of popular platforms like Amazon, eBay, or Shopify.
Well, this is a very good starting point for your business idea, and also a very popular one. More and more people choose online trainings to develop or improve their skills, as they are not satisfied with what they learn through college/university, or other forms of education.
This is the moment when they turn to online learning – not just because they lack important knowledge in the fields they want to pursue, but also because the traditional education system and the information haven’t evolved in the past years, but the work requirements did.
And this is the start of your training career. Define what you are the best at, think how you can teach that or those things to other people online, and then start the teaching courses. There are different platforms to join, and also keep a close eye on the webinars market as it is also evolving very fast.
YouTube is one of the giants of the business world today. Period. And it will remain that way for a long time. Starting a YouTube channel may be a good idea. As in the training model – or other business models -, you will have to find that story you want to tell the world.
Start a YouTube channel, fill it with videos, and watch the number of views growing. This is also a very low cost business model, but one which can get become very profitable. And even though the competition is huge, and you have to get those videos online and improve them constantly, there is a place for everyone.
Just get to know your niche very well, have the right keywords, update the channel regularly, submit for AdSense for YouTube, and keep the things going.
Invest in domains
There are tons of websites all around the world, and the number is continuously growing. Everyone knows that a good – or the perfect – domain name will do a lot of good for one’s business. But what if that .com domain is not for available? Well, maybe is for sale.
If you think on creating and owning domains with great potential in the next years, you got the idea. You will just have to do very a good research on what’s trending and what will be the next big thing in the coming months or years. Then, create – or even buy – domain names, tens, or hundreds of them. After selling the name, you may bank in serious money.
And if the domain name purchasing may sound costly, there are different available ways of financing. One of the options is getting a loan, which may be secured or unsecured. A secured loan means having to put an asset as collateral, while the unsecured one doesn’t need that, but still has its requirements. You can find more details about each of them and how to fill and qualify, here.
Last, but not least, freelancing is still a very popular and profitable business model. It does that not just because of the low cost investments it comes with, but also for having such a wide array of domains it can cover.
The number of people who can – and do – freelance activities is increasing every year, and there are freelancer sites and platform where you can fill up the portfolio and experience and join the writing branch.
But freelancers are not just writers, but also SEO freelancers, social media managers, graphic designers, programmers, video editors, and virtual assistants. With passing of time, you will find out that there are much more things a freelancer can do.
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DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages.
TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business, CyberSchmooz, and BizCafe.