1. Selling Information Products
If you have the ability to help others get a desired result on a particular topic then you are potentially set up to make some serious income every month, without the need to start any sort of online store with physical products. Launch your blog, shoot those videos, advertise on Facebook, and build an audience. With 3.2 billion people being internet users, there’s no better time to jump into the world of online courses.
2. Affiliate Marketing
You can build your entire online business by promoting other people’s products on your website and selling them. To win in affiliate marketing, offer value and be authentic. The goal is to develop a solid relationship with your audience. This is especially true with your email list.
3. Coaching and Consulting
There’s a high demand for coaches and consultants in specific field, most of these being in health, fitness, life and relationships. Industries with the Steepest Fees: Strategy Consultants, Operations – Management, Human Resources and IT Specialists.
4. Selling Digital Marketing Services
Digital marketing services give local businesses the option to advertise to a vast number of people; a lot more people than they’d be able to reach without an online presence. It’s not at all uncommon for businesses to be on Facebook, Instagram, Google, and more. If you are skilled in SEO and can create excellent content that’s worth reading, then you have valuable digital marketing service skills to fill a very important business need.
5. Freelancing And Virtual Assistant Work
Obviously, you can freelance in areas like SEO, copywriting, etc. But you can also do things like transcription, video editing, making show notes from podcasts, editing audio, translating documents, translating books, etc.
6. SAAS – Software As A Service
Design and create a program or software product that would help your clients. You can either create a program or software product yourself, or you can outsource the build to an app developer. You can then begin to sell your product and offer subscriptions for recurring cash inflow. If you’re the type who geeks out on software design and development, then this online business model is right up your alley.
7. Sell Handmade Goods
Story Powered Marketing is a real thing. And having a story to tell customers why your product is awesome is a very effective way to market it and win buyers over. You could make soaps, you could do an Etsy site, you could use Shopify, you could make lotion, you could make jewelry, you could make candles, you could grow awesome delicate micro greens, there are literally limitless possibilities here.