The Best Online Business Opportunities for Beginners

Getty Image

While there are numerous ways to earn money online, building a business is a different proposition. A good business will typically lead to consistent income, with the potential for long-term growth. Many online business opportunities, however, focus on temporary earnings or short-term loopholes, ultimately proving unsustainable for ambitious entrepreneurs trying to plan for the future. Following the wrong opportunities will lead to frustration, so it is worth pursuing something that can offer results, income, and sustainability. Each of the following examples are helping new entrepreneurs on the road to developing their own online enterprises

E-commerce Store

E-commerce has allowed many small business owners to create profitable enterprises across a variety of niches. Consumers are used to spending online, with less reticence about buying from smaller vendors if they show the proper consideration to trust and security. Depending on the niche you choose, you could sell a small number of targeted products or offer a large inventory. Facebook advertising can help you start making sales immediately, but you could then reinvest in SEO and develop an affiliate program.

The store itself can be operated in a number of ways. You could develop an independent store on your own domain. Alternatively, you could sell via a larger platform, with Amazon and Jumia currently offering the best opportunity due to the simplicity and the number of visitors. Product development can be expensive, so you may prefer to start by using white label products, possibly even using a drop shipping company. If you want to simplify operations. If you choose the right market, e-commerce allows you access to a huge number of buyers and a healthy profit potential.

SEM Consultancy

Search engine marketing (SEM) involves helping a business gain search engine prominence, whether through paid or organic optimization. SEM consultancies usually offer additional services, including social media and various other advertising platforms. Developing an SEM consultancy is a good option for a novice, as many local business owners need help gaining some web visibility. With some experience and research, helping a local business is a relatively uncomplicated process. Many businesses will also be willing to pay on a monthly basis, so the potential for recurring income is high.

Ranking is local business is usually far easier than working in a global industry, with less competition in most cases. You can add the site to Google My Business, list the business across relevant directories, and gain some authority backlinks with outreach and guest blogging. Paid advertising does require experience, but you can start with a low initial cost and test the conversion rate of the offer. An SEM consultancy can bring in a small amount of income quickly, and there is the potential to grow the business across multiple towns and cities.

Information Publishing

Compared with many other business opportunities a publishing company typically has lower start up costs. There are various different paths you can take, including blogging, Kindle publishing, and info product creation. Blogging earns revenue primarily through advertising, while Kindle and info products are sold directly. Depending on the route you take, you may need to create a number of products, but a more expensive Info product can work as a stand-alone offering.

Developing your own series of products night seem daunting to a beginner, so starting with affiliate marketing is one option.

Advertisements

Author: NaijaRoko

Viral news from Nigeria