Opening your online store or a blog in social networks today seems like an attractive idea and suits almost everyone. It is often easier than opening a physical store, where you need to think about renting premises, repairs, depreciation, warehouse operation, and other nuances. Of course, any business is a difficult job. However, in our time, opening an online store does not take too much effort and knowledge. And this is because, in the era of high-speed Internet and advanced technologies, almost anyone can access an e-commerce site.
Statista website provides the following information: In 2020, retail e-commerce sales worldwide to 4.28 trillion US dollars, and e-retail revenues are projected to grow to 5.4 trillion US dollars in 2022.
Online business is one of the most popular online activities worldwide.
In this article, we'll look at five great online business ideas that can inspire you to build your online store.
1. Start a dropshipping store
Dropshipping is a good startup idea if you're new to the business or on a tight budget. All you need to do for a dropshipping business is purchase an existing product from a supplier and place it on your website. Everything else - from packaging to delivery and order fulfillment - will be done by the supplier.
2. Become a freelance writer, designer, or developer
Making money online as a freelancer is very popular today. You can sell your services through dedicated freelance platforms like Upwork, Linkedin, Firer, and so on. Just compose your profile page on their basis, set the price of services per hour or by piece, and start receiving orders.
Any writer, developer, or graphic designer can start an online business using their talents. Forbes writes that to be successful as a freelancer, the main thing is to find your target audience.
3. Start your blog
Blogging is more popular today than ever. In doing so, you can choose among several platforms to host your blog. Write articles and expert opinions in text format or record a video blog on YouTube.
Whether you're making money from sponsored posts, posting third-party advertisements, or selling your products, a blog is a great online business idea that you can start at home.
4. Become a virtual assistant
The role of the virtual assistant helps entrepreneurs, companies, and executives organize their personal and professional lives. You will be in charge of scheduling appointments, managing the day, connections and contacts, and everything related to it. And everything is done online.
5. Create applications and websites
If you are tech-savvy, then you can put your effort into creating websites or applications. Today these things are in great demand. You can go into custom software development and benefit a lot from it.
Bring your business idea to life
If you've been thinking about implementing your online business ideas, today is the time. The world has never been so filled with technology and opportunity as it is today. You can choose from our list a vision that inspires you and try to become a part of this fantastic and creative online business world.
Author’s bio: Anastasiia Lastovetska is a technology writer at MLSDev, a software development company that builds web & mobile app solutions from scratch. She researches the area of technology to create great content about app development, UX/UI design, tech & business consulting.