Most Profitable Online Businesses: The online business environment has exploded over the past decade, providing numerous job opportunities online, as well the potential for people to create completely online businesses that can be run entirely from home. Whether looking for part-time work that can be done on the side, or a full-time move into an online business with the aim of turning it into your lifelong career, there is unlimited potential for work and money-making online.
But like with any endeavor, not all online businesses have the same potential of becoming lucrative. Today, we would like to present you with a countdown we have compiled of the most profitable online businesses. If you’re interested in other ideas about profitable businesses but don’t necessarily fancy the idea of going online (or solely online), take a look at our cover story of the Most Profitable Businesses. You will surely find something there to inspire you as well.
Perhaps the greatest thing about the majority of our online businesses is that they don’t take much experience or even skills or training to get started. If you have a desire and a passion for the work, you can probably get started today and be making money at your new chosen profession almost immediately.
So if you’re looking for ways to boost your income online, or for the chance to start a new career, then this is the list for you. Let’s take a look at our countdown of the most profitable online businesses.
No. 5: Online coaching/blogging
For the past year, there has been an evident trend of people offering their coaching or consultancy services directly online. Whether we are talking about nutrition, exercise, financial advice, personal empowerment, or even fashion, more and more people are getting into the online coaching industry. And for good reasons, as this is one of the most profitable online businesses around. If you are really passionate about a particular topic, have the right credentials, and are willing to teach others the ropes, there is nothing stopping you from going online and making a very good living sharing your knowledge and passion with others.
No. 4: Online retailing
Online retailing is booming and there’s no reason why you can’t get your piece of the pie. Whether you decide to use a platform such as eBay or Amazon or you want to start from scratch and open your own online store, this is one of the most profitable online businesses you can engage in. Just think of a niche, product, or service people would be interested in and you are good to go. You don’t even need to be selling your own products. You can buy low and sell high, or even launch a dropshipping business whereby you sell the goods, and they are automatically shipped out by your dropshipper.
No. 3: Web hosting
The best thing about starting your own web hosting business is that you don’t need a significant amount of capital in order to get things running. Income might be on the smaller side in the beginning, but once you’ve gathered enough clients, money should start pouring in with minimal effort on your behalf.
No. 2: Online writing
While writing isn’t necessarily considered as one of the most profitable online businesses around, there’s good money to be made in this industry if you know where to look. Registering your own domain and actually building your own business is a good way of making a decent income, as opposed to using freelancing platforms. Furthermore, the type of writing you do can also matter a lot when it comes to the money you will be able to make. Academic and technical texts tend to be quite highly paid, so if you have a knack for a particular field such as law, medicine, science, or technology, chances are you will be generating quite a nice revenue. In addition, writing for major online publications can also be very rewarding, so if journalism is more your thing, you should definitely look into this.
No. 1: Web designing and programming
Few realms can generate as hefty of an income as web designing and programming. While experience and proficient skills are needed in this field, they represent one of the most profitable online businesses you could be engaged in. The only struggle you’ll have with this type of business is that there’s a lot of effort involved in getting your client base. But once you’ve managed this, the sky is your limit in terms of how much you can earn.