Running a business is the way to financial freedom. With the advent of technology, you don’t need to operate a physical shop to sell certain products and services. However, you can open a store on social media or create a website for your business.
The good news is that you don’t need very large financial capital to start an online business. You can start an online shop with as little as five thousand dollars. You might now be wondering how to invest 5000 or more dollars into a profitable online business. Well, that’s how this article may come in handy. Here are some examples of money-making ventures that you can start online:
1. Start Offering Virtual Assistant Services
Many entrepreneurs are employing labor on demand. The cost of hiring permanent workers is causing a financial toll on many businesses. As a result, employing virtual assistants has become a trend in business employment through remote working. If you have a computer and an Internet, you can do this business comfortably from home while tending to your clients’ needs.
If you’re a virtual assistant, you can be involved in tasks such as answering emails, answering calls, writing content, and following up with clients. Additionally, you may do data entry if your client is a researcher. Finally, be ready to try and learn new things and develop new skills.
2. Become A SEO Expert
Being an SEO (Search Engine Optimization) professional is said to be one of the most marketable and profitable skills online. Companies are constantly creating content for their blogging websites. However, for this content to be highly ranked in search engine results pages (SERPs), content must be optimized with the relevant keywords to be seen in the search engines.
In case you don’t have the skills, you can easily gain them in a matter of days by taking an online marketing course such as the Wealthy Affiliate course. There are many scammers online posing to be offering online courses which may cause wonder, is Wealthy Affiliate legitimate? This course will equip you with keyword research and content strategy skills.
3. Set Up An Online T-Shirt Shop
Beginning an online T-shirt shop is easy with online selling platforms. Some of the things that you need to do are:
- Identify a niche.
- Plan for your brand and research your target customers.
- Generate brand designs.
- Identify your t-shirt manufacturer.
- Source your fabric.
- Check on printing techniques.
- Craft a technology pack for your t-shirt production.
- Set the minimum count of orders.
In terms of printing methods, direct to garment (DTG) printing can be an excellent choice as it has fast turnaround time and no minimum order quantities are required. Likewise, this newer printing method allows printing designs with a high-quality level of detail. You’ll need to consider the costs associated with the printing technique, although the advantage here is that you can easily finance DTG ink and supplies.
4. Kick-Off A Dropshipping Business
Dropshipping is an extremely easy business to begin online without having any on-hand goods in advance. You can sell products as an online boutique such as women’s clothing, jewelry, or electronics. You can use a dropshipping marketplace to fulfill your customers’ orders. From this platform, you can get thousands of goods from different suppliers to sell in your online shop.
You can sell these products anywhere in the world which can become the basis for establishing your brand with no need for a warehouse or spend on hefty manufacturing costs.
5. Run Online Courses
If you believe that you’re an expert on a certain subject or skill, you can create some modules amounting to a full course. It’s recommended that you partner with a developer of online courses to help you put together your content. Ensure you also include quizzes that can evaluate your trainees. However, let your course deliver pure gold so that when your trainees get satisfied with your service, they may also become ambassadors for your course.
Some courses that you may teach online include SEO, graphic design, film making, app development, social media marketing, programming, and foreign language.
6. Prop Up A Website Development Startup
Website design and development is believed to be a profession that is in great demand just as SEO skills. Nearly every business is embarking on online marketing and one of the ways to create visibility online is through a business website. Thus, if you are a professional programmer, you can begin your website where you advertise your skills.
Moreover, you can open accounts on social media where you can publicize your skills to social media users. You can also advertise your skills on freelancing websites where there is a very large market for website development gigs you can take up as you start with your business.
With the advent of technology, you’re not limited to making money by being employed in a day job. Countless opportunities are said to be present online. You can work over the web with little investment, while in other instances you only need your computer and Internet connection.
Whatever option of online business you may choose, ensure that you have some knowledge about web marketing to show your products and services to your target audience where they can be found.