There are many online businesses you can start to make money, but only a few of them can generate your income that will be enough to take proper care of your family and travel around the world.
I am not talking about survey, data entry, watching the video and get paid. If you want to build a 5 figure per month business, you need to think twice and choose a business model that can help you quit your 9 to 5 job and be free from your boss.
Below are some of the best online businesses you can start to make a considerable amount of money.
Blogging is one of the profitable businesses you can start and make money while still working full time. It only requires little investment to get started.
If you’re interested in blogging, here are some steps to help you.
The first step is to register the domain. The domain is the name of your blog, where people can find information about you and your business.
There are many places you can register a domain such as namecheap, domain.com, Bluehost etc.
Other steps to start a successful blogging business are:
- Register for web hosting
- Install your blog
- Customise it
- Add necessary plugins
- Write at least 20 blog posts
- Submit the blog with Google through Search Condole
- Promote your blog
- Affiliate marketing
Affiliate marketing is one of the easiest ways to make money online. It is a process of promoting people’s product or service and gets a commission for any sales you made.
If you’re new to affiliate marketing, there are many videos you can watch on YouTube to learn how affiliate marketing works.
If you have a blog or website, you can start promoting an affiliate offers on your blog. Here are few of the affiliate marketing programs where you can find a lot of product to promote.
You can also promote affiliate offers using YouTube videos. If you know how to create video and upload it to YouTube, you can start making money even without a website.
Another way to make money with affiliate marketing is to place a banner of the product you’re promoting on your blog. You can also write a review of the product to show your visitors how it works before they make a purchase.
- Ecommerce business
Ecommerce is booming, and there are thousands of people who’re killing it with eCommerce. If you’re looking for one of the most profitable online business that can generate you six figures per year, you may want to consider starting eCommerce business.
There are different types of an e-commerce business. Below are few of them:
Amazon FBA Business
Amazon FBA is one of the easiest ways to start an e-commerce business. You don’t need an inventory, no warehouse etc. Amazon helps you to sell your product and ship it to your customers.
The downside is that it requires little investment to get started. Not only that, you may need to learn how it works. Although there are many free training online on how to sell on Amazon, but the free training may not be in-depth enough to build a profitable Amazon FBA business.
You can check YouTube or google search for more information on how to start selling on Amazon.
Another type of e-commerce business is dropshipping. Dropshipping is a business model that allows entrepreneurs to start an e-commerce store without stocking inventory.
There are many online training and coaching programs where you can learn how to start a successful business.
Steve and Aidan will be releasing their new training program; The Kibo Code coaching program where they will reveal every step to build a profitable and thriving eCommerce business. You can check The Kibo Code review to learn more about their training.
Related Read: Small Scale Business Ideas
- Mastermind Group
Another new business model you can start a paid, mastermind group. This is a new way to generate 6 figures per year online.
Many people are looking for mastermind group to join within their niche. If you are interested in creating a paid mastermind group, you can get access to some free YouTube videos.
Tony, Dean and Russell released their mastermind group on April 2019, and they sold almost 20 million dollars.
You too can profit from this new business model. It only requires a learning curve to get started. Jeff Walker, Joe Polish, Frank Kern; Verne Harnish etc all have a mastermind group to share their skills, knowledge with others.
If you want to build a profitable mastermind group, you can learn from Knowledge Business Blueprint, where you will get access to complete training and tools.
- Amazon Kindle Business
Creating a kindle book is another business you can start without any investment. I know some people who are making thousands of dollars every month selling kindle book on Amazon.
Steps to start Kindle publishing Book
- Find A Profitable Niche Or Market
- Do In-depth Keyword Research
- Create A Title and Cover
- Create Quality Content
- Create A Kindle Direct Publishing Account
- Market And Promote Your Book
You can find more information on how to start a profitable kindle business online and on YouTube.
There are other online businesses you can start, but the above mentioned are a lucrative business where a lot of people are making more money.
You can pick any of this business and work on it.