Today, we will discuss the Best 5 Online Businesses you can start at the comfort of your home in 2021. Even if you have a 9 – 5 pay job, you can add one or two of these businesses to increase your income or pay some bills with the income. The advantage of the internet cannot be overemphasized owing to the fact that a lot of people worldwide earn residual income daily, weekly and monthly online.
There are over 100 online businesses you can start but here we will critically examine the best 5, though not limited. As long as you have the basic requirement you can get started right away.
Requirements needed to start an Online Business
- A good PC Or Laptop with Internet Connection
- A good mobile phone
- A little startup capital with as little as $50
- Duration of 3 – 5 Hours daily
- Adequate knowledge of the online business you wish to go into.
- Hard-work, Persistence and Patience.
With the above requirements, then you are ready to go into any online business or online businesses you wish to start. The best 5 online businesses are:
FREELANCING AS AN ONLINE BUSINESS
Freelancing is not new in the internet world. This is simply offering a service and getting paid for it. This requires that you must possess a skill. This skill could be Website Designing, Graphic Designing, Content writing, Programming, and lots more. There are platform in which you can offer this service and get paid, some of them are Fiverr.com, Upwork.com, freelancer.com, and lots of them online. You can join any of this freelancing sites, set up your account to start offering your service or skill and get paid. A freelancer earns an average of $500/Month online doing freelancing online.
BLOGGING AS AN ONLINE BUSINESS
Blogging could be referred to writing or publishing content in form of text, images, videos on the World Wide Web and such published content are beneficial to the readers. A blog is simply the website where these content are displayed.
Over the years, people have found in passion online businesses especially in blogging as a writer. Blogging showcase the perception of a writer. A blog can be monetized with advertising companies like Google AdSense, Propeller ads, Mgid, Media.net, Infolinks, Amazon and a lot of them.
When you have a well-established blog, you can apply to these advertising companies to start displaying their ads. You earn when you have reasonable visitors to the sites. Some of these advertising companies pay when visitors click on ads on your blog or based on impression your blog generated on their ads. You can start your blogging career today by setting up your blog. Blogging is not a Get-Rich-Quick-Scheme, the fact is do not expect to make money overnight.
AFFILIATE MARKETING AS AN ONLINE BUSINESS
Affiliate marketing is simply a process of promoting other people’s service, products and thereby earning a commission after an action is taken or a sale is made. Affiliate marketing remains one of the evergreen method of making money online. Take for instance company A sells a product for $50 and pays 50% commission to affiliates (promoters of their products). This means if you promote their products, you will earn $25 commission. That how affiliate marketing works.
There are lots of affiliate marketing networks on the internet. Product creators or vendors list their products on these affiliate platforms. Some of them are clickbank.com, warriorplus.com, cj.com, jvzoo.com, and so on. Most of them have different niches that you can promote such as health, weight loss, jobs and employment, internet marketing. Choose a niche, register on any of these affiliate websites and start promoting their products. If you desire to get started with affiliate marketing, then I recommend this great product to get started with!
FOREX TRADING AS AN ONLINE BUSINESS
Forex is also an online business which is also known as foreign exchange is simply the exchange of currencies which involves buying and selling on a decentralized platform. Forex is a worldwide or global activity and these involves companies, individual, because it is decentralized, it gives everyone to be part of it from anywhere in the world. Examples of currencies been traded arte EUR/USD, GBP/USD, USD/JPY, and so on.
The main aim of forex trading is to make profits. Traders rely on fundamental and technical analysis to make decisions in trading. These currencies are traded on weekdays and you choose the currency pair to trade.
Forex trading involves risk, and it is important for anyone going into FOREX to equip themselves with adequate knowledge. Proper training and mentorship is required if you aim to start forex trading. You can be part of FOREX with an investment $100, minimum investment depends on the broker you choose to use.
It is important to do a due diligence on your choice of broker. There are lots of scams online and I wish you do not fall victim.
Below are trusted and recommended trading platforms:
INFORMATION MARKETING AS AN ONLINE BUSINESS
Information marketing involve identifying a problem, find solution, package then sell to information seekers. It include creating and selling information products. These products could be in form of e-books, video or audio content. As long as it solve a problem, you will definitely earn with it. A website also known as salespage is required to get your information products to your buyers. Likewise an advertising channel is needed to reach out to your targeted audience. You can package info products on “How to… examples are:
“How to bake cake…
“How to travel to Canada…
“How to make money online
“How to start importation business
“How to lose weight in 7 days. Topics to create on information products are unlimited.