The Online Business Landscape
Are you planning to start your own online business?
The COVID-19 pandemic has opened up so many opportunities to work online and work from the comforts of your own home.
Because of this, more and more people are putting up and starting their own businesses. Entrepreneurship is booming with people's businesses headquartered right from their homes.
Additionally, technology and social media have made it even easier and more accessible to start and build online businesses.
But because of so many options out there, it can be overwhelming especially for beginners who are just starting out.
In this blog, we will be sharing our top recommendations that you can try to start your own online business.
Home-Based Online Business for Beginners
Whether you are looking to get out of the rat race and quit your 9-5 job or if you are trying to earn a few extra bucks, or looking for a way to get out of debt this article will share several options that you can do to start your own online business.
There are countless opportunities for you, let's dive in:
#1: Building a Passive Income with a Blog
This option does take some time and effort, just like all others on this list.
Online real estate is booming nowadays and you can leverage that. When you build your own website and create blogs regularly, you can eventually grow your audience and monetize your blog.
If you love writing and sharing your ideas, then this could be a good opportunity for you.
Our first tip is to choose a niche. What do you like writing about? What are your strengths and interests?
When you first ask yourself these questions, you'll be able to find your niche and the market you intend to sell to.
But remember, this business doesn't earn rewards overnight. It takes months and even years to grow your blog and monetize it.
#2: Freelance Content Writing as an Online Business
Another online business idea is to become a freelance writer. Freelance content writing is under the digital marketing sphere.
As we are all living in a world where everyone is online, more and more people are looking for help creating content for their businesses. That's where you can come in.
Content writing is curating content by finding reliable sources and data, writing the content, making sure the keywords are optimized and doing so in a consistent manner.
This can range from blog content, social media content, website content, and even email newsletter copy.
Businesses will pay as much as $250 for each in-depth article you write for them. Additionally, a lot of freelancers charge based on the number of words per article.
#3: Become a Virtual Assistant
With the internet, social media, and technology all booming, more and more businesses are looking to hire virtual assistants.
What is a virtual assistant?
Basically, they are online assistants that take on a lot of different tasks. There are what we call the general VA's who can do tasks such as management tasks, admin tasks like answer calls, replying to emails, fixing schedules. There are also social media VAs who focus more on the client's online presence.
With a little experience and knowledge, you can book your first client as a VA.
A virtual assistant can get paid anywhere from $15 to up to $100 per hour depending on your experience and expertise.
Of course, if you are just starting out with little to no experience, the pay maybe a bit less. But with time and experience, you can start to charge higher as you get more clients.
Additionally, virtual assistants usually charge on a per hour basis, and depending on your skills and experience, you can charge much higher per hour.
#4: Vintage Clothing Seller
If you have a lot of extra clothes lying around in your house, you can venture into online clothes selling.
Specifically, vintage clothes selling is booming these days. You can easily start an online shop through Etsy or eBay. The pros of this are that you don't have to be an expert or have tons of experience to start this business.
You can also shop for bargains, buy them at a bulk cost and sell them at a higher price to earn profit.
#5 Sell Handmade Products
Are you a resourceful and creative person? Do you love creating homemade products or things with your hands?
If you love creating handmade products, you can make this your online business.
Here are a few of the many handmade products you can try out:
- Candles
- Jewelry
- Artwork
- Home-made food
- Paintings
- Crafts
- Trinkets
- Home decorations
- Personalized gifts
- Personalized clothes
All of these ideas are booming nowadays. Additionally, they don't have to break the bank because most of them are fairly inexpensive to get started. You'll only need a little bit of capital to get started with the materials and manpower.
There are so many options available. You just have to find what works for you.
Online Business Ideas and Final Tips
The pandemic has opened up a number of opportunities for budding entrepreneurs. More and more people are getting creative and resourceful.
Just because some businesses are not doing well or have been affected by this pandemic, doesn't mean there aren't other ways to earn a living.
In fact, the pandemic has opened so many doors of opportunities. Working from home or anywhere is now becoming the new normal. This means that there is more flexibility for entrepreneurs. Aside from the flexibility, new opportunities, and more options, technology has made everything within reach.
So, our final tip for budding entrepreneurs is to make use of these opportunities wisely. Find what you enjoy doing or what lights you up. From there, get creative and find opportunities that may be the right fit for you.
Additionally, the pandemic has taught us to prioritize health and our overall well-being. With that in mind, people are more health-conscious and are also more eco-friendly. Take these factors into consideration when choosing a product for your business.
We hope the options we provided above would give you a glimpse of the wide array of options to choose from. Because there are hundreds out there!
Do your research, learn, discover, and don't be afraid to try things out!
