We live in the best possible time to start a business online, with almost no initial capital, even though we have no experience and aren’t tech-savvy.
The Internet has changed the game in many ways. Today you don’t need to be an expert or have the connections, you can start building your expertise and make it on your own much faster, you can test each idea of yours and focus on the one that gives you the best results, you can reach out to potential customers and find new ones all the time on social media.
There are almost no barriers to entry, and whatever you lack in knowledge, you can easily learn.
One thing you can’t go without, though, is the desire to offer value with the work you do. Once you find your niche, get better at what you do, become known, and have something valuable to offer to people so that they can come back, you’re onto something. From then on, scaling is a matter of perspiration and determination.
So, if you still haven’t realized how possible all this is, here are some ideas you might give a try that have the potential to turn into something big and profitable:
1. Start freelancing.
The easiest thing is to start doing what you’re already doing online. You have some knowledge, be it due to a lifelong hobby or working a job in a hot market, and you can become self-employed by finding clients online and helping them do the same.
Do you write well? Then, join sites like UpWork, Guru and Freelancer and apply for jobs from employers. Build a portfolio on the side by starting a blog, contributing to other sites in the niche, and even doing work for free. There’s a lot of competition, and you may not be able to charge a lot in the beginning, but once you start landing clients, think can only get better.
2. Build a site and monetize it.
For that, you’ll have to do your research. Invest some time into getting familiar with all the possible ways to monetize a site – affiliate marketing, putting ads on it, doing sponsored content, etc.
Then, get a domain and learn the basics, like how to use WordPress, how to get articles to rank higher on Google, how to build traffic and gain email subscribers, etc.
You’ll need an audience before you think about asking them for money. The most valuable way to get people to your site is to offer practical content on a certain topic. Then, once you have readership, put ads or refer them to products on Amazon or else while you’ll be taking a commission for every purchase they make.
3. Sell digital products.
If you don’t want any third party involved, you can easily create products of your own and sell them to people on your site or on another platform.
Self-publishing an eBook is easier than you imagine, you just need to have deeper knowledge in a particular topic. In fact, you can easily do your research and write a guide for beginners, all you need to know is more than the potential reader.
You can also create audio content, start a membership site where you’ll offer premium articles, make a video course and offer it on Udemy, etc. The possibilities, again, are many.
4. Sell your craft.
If you’re good at something like jewelry making, painting, sewing, designing stuff for your home, etc. share these goods with others who’d love to pay for them.
Take beautiful pictures of what it is that you create and put them online on a platform like Etsy, for handmade goods. It’s a place that connects buyers with creators and people searching for products like yours can easily find it.
These are the 4 main ways to start making money online and become self-employed. When you hustle enough and make an income bigger than the one at your regular job, start doing this full-time. Once you feel comfortable, scale and turn it into an actual business.
So, what is it that you have to offer and how can you monetize it using the Internet?