Is an OnLine Internet Business For You
Unlike with a bricks and mortar store, an internet business doesn’t necessarily require a substantial amount of capital for you to get started. If you have a computer, a hard work ethic and a good online business idea, you could soon be making a superb annual revenue. If, however, you are stuck for ideas and are looking for a light bulb moment, here are some online ventures to start with zero money.
The beauty of drop shipping is you don’t need to have cash in the bank to sell high-quality products to your customers.
For example, you will not need to purchase a large inventory of products, as you will only buy an item from a wholesaler when a customer places an order on your website.
Plus, as they will keep the products in their warehouse and will process a delivery to a customer, this can reduce your overheads even further.
You will, however, need to find the right product to sell on your website to make a great profit.
For example, if you want to develop an e-commerce clothing brand, you should find reputable t-shirts, trousers and hoodies suppliers, which could cater to consumer demand.
Digital Information Products
An internet business also allows you to sell digital products, which should provide your customers with value for money. As you’ll have no physical products to sell, you will not need to worry about manufacturing, warehousing or distribution.
You can, therefore, create information products for free, which you can then sell for a fixed price to a customer.
Some of the most popular digital information products include:
- Travel guides
- A recorded webinar
- An audio interview
- Instructional booklet
It is, however, essential to make sure the digital product is both engaging and useful to generate a sizable amount of sales.
An Online Consulting Business
If you have extensive experience in a field and believe you have considerable knowledge you can pass on to others, an online consulting business could be an ideal option.
It is easy to get started, as you will need to set-up a website, identify a target market, set consultancy rates, and start networking in your industry to attract clients.
It can be a rewarding online venture, as it will enable you to earn a living while passing on your expert knowledge to other professionals, which can help them to excel in their chosen field.
There are many online video publishing websites that allow you to monetize your videos, such as YouTube. If you can produce high-quality, informative, or entertaining videos on your smartphone or computer, you could earn a substantial profit.
Profitable YouTube video ideas can include:
- How to videos
- Cooking videos
- Gadget reviews
- Book reviews
- Online tutorials
- Blogger interviews
- Fitness videos
To start monetizing your videos, you will need to link your channel to Google AdSense, and you’ll make 68% of the ad revenue. If a user watches 30 seconds or more of an advertisement, you’ll receive around $0.18 for the view, which can amount to a hefty sum over time.