10 Online Business Ideas popular in 2017

online business ideas

If you are also dreaming of having your own business then you need the mind-blowing business idea that’s practical and in-demand, but also unique enough to stand out among the millions of others. To help you come up with an idea for your business we have compiled a list of the 10 online business ideas to start in 2017.

With so many startup business ideas, it can be hard to figure out which is worth pursuing. Some of the e-commerce business ideas on this list have always been popular for a long time making it more competitive but less risky. Here are 10 online business ideas to get the wheels moving, along with real-life successful businesses to inspire you.

You might not think of freelancing as a business, but with more and more companies turning to part-time contract workers to fill their skill gaps, it’s not hard to imagine making a living providing business with a variety of freelance services. Depending on your skill sets, you could work for multiple companies in a variety of fields that offer you flexibility and a refreshing change of pace. According to the freelance job listing website Freelancer.com, tech services, content creation and web design are popular fields for contract work.

Online sites like Etsy and ArtFire are platforms that make it extremely easy for crafters who can produce a steady supply of quality handmade items, like crocheted blankets or unique painted glassware. Startup costs are extremely low if you purchase your materials in bulk from a craft supplier, and if you can turn around orders quickly, you’ll be making a profit in no time at all. It’s even possible to turn your store into a full-time gig.

3. Mobile App Developer

Mobile applications are more popular than ever, and people are willing to pay good money for ways to manage their lives from their smartphones. If you have a great idea and happen to know coding, you can run with it and create your app yourself. If you just have an idea, there are plenty of software developers looking to collaborate with people on app creation.

4. Self-publishing

Some self-published authors earn as much as 1 million dollars every year. You can achieve the same kind of success and all you need is a few freely available tools and the ability to write a compelling book that will sell. Of course, you don’t have to earn six figures to succeed with self-publishing. Just a few hundred extra dollars every month can go a long way.

5. Online Teaching

The success of Khan Academy, a non-profit educational organization created in 2006 by educator Salman “Sal” Khan, has proved the effectiveness of online teaching and paved the way for talented educators and their students. You can sell your expertise as a video content on YouTube, or create your own website and charge your students on an hourly basis for Skype lessons.

6. Set up an e-commerce store online

Yes, you can set up an e-commerce or retail store online and you can start this online business from home without even owning a single product. You can sell virtually anything ranging from books, clothes, and electronics to household item through wholesale drop shipping or by setting up an affiliate store with Amazon or eBay.

7. Internet researcher

What if you could build a business around something you’re already doing half the time anyway? Well, you kinda can. Get paid to research stuff. Or data mining, as some would say.

All you really need is a MacBook with good wi-fi and a staff of remote researchers. And, as always, focus on a couple of niches. If you specialize in only a handful of information types, you’ll deliver better results.

Content creators, marketers, publishers, attorneys, political groups, and probably a few college students—the potential client list is endless. Start with very competitive pricing, but as your project load builds, ramp up to charging more.

8. Web Design

Web design is an online service business that has been around for quite long; yet, the market is not saturated. With an ever growing demand for websites, forums and blogs; the momentum for web design services will never die down. To get started as a web designer, all you need are some artistic talents, programming knowledge and time. As you design your websites, you must ensure you build your portfolio and look forward to having additional clients through word of mouth.

The most exciting fact about offering web design services is that you don’t need to know how to design a website or blog; all you need to do is to master the automated web design software made available online and you are in business.

9. Become an online Affiliate

One of the easiest ways to make a few bucks online is affiliate marketing. An affiliate is essentially someone who receives a commission for selling products for other companies, whether it’s on their own site or through another channel like eBay. The best part is that you don’t have to develop any products yourself, just sell other people’s products.

For exampleAmazon affiliates can potentially rake in obscene amounts of commission dollars if they work at it. Simply sign up as an affiliate to sell a company’s products using your special referral link, and you can get a commission for each product sold without lifting a finger. Commission ranges from product to product and also goes up in stages according to how many products sales your clicks generate. The top commission tier is 8%. That adds up to some serious amounts of cash each month if you’re promoting products with that high rate of commission ( Home & Garden is one such product area with high commissions).

Also, affiliate networks like Shareasale or ClickBank offer a vast array of products to promote as well. Some of the highly contested niches such as health and gambling can make people millionaires. Being an online affiliate can be a great way to create a passive income for you and your family.

10. Advertising

If you’re a website or blog owner, you can sell a portion of your page space to advertisers and earn money passively each time the ads are clicked on by your target audience or visitors to your website. While the actual placing of the ads is completely free, the earning capacity of cost-per-click (CPC) advertising is based on the level of traffic to your site and the cost per click and click-through rate, or CTR. The most popular way to earn money today through advertising clicks is through Google AdSense or similar advertisers. Other ways of effective online advertising include RSS feeds and direct banners.

CONCLUSION

Overall, the Internet itself is overflowing with one money making opportunity after another. While making money online for most people isn’t their primary source of income, it can net a very solid supplement stream of incoming dollars each month. There are some online entrepreneurs, however, that are managing to mine gold due to all the effort, persistence, and time they’ve invested in order to make that dream come true.

If you’ve any other Business idea that I missed out, please share with us. You’re free to share your views through Comment box below.

 

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