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.
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.
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.
- 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.