Are you sick of your 9 to 5 job and aspire to be your own boss? Starting your own online business can give you the control and freedom to utilize your skills and make bank from anywhere in the world.
Our world has become insanely digital, and this has enabled brands to connect with their audiences on a larger scale and build awareness. There is no time like the present to break free from the constraints of an office job and start the business you always wanted.
With so many businesses jumping on the e-commerce trend, there is no shortage of competition. But with the volume of online consumer sales growing exponentially, there is a potential for every sector in business. For starters, you need to find a solid online business idea that showcases your skill and turns your sweat equity into profit.
To get you started, we’ve compiled some profitable virtual business ideas that require minimal capital and are simple to launch.
1. SEO Consultancy and Management
Entrepreneurs and business officials now realize the importance of search engine optimization and how it can generate qualified leads. Starting an online SEO consultancy and management business can help educate business owners on the impact of implementing a powerful SEO strategy on their website.
By highlighting areas that require improvement and refining their digital marketing strategy, you can enhance their online presence and boost conversion rates, thereby increasing sales. Especially now that almost every business had to become digital because of the pandemic, an SEO consultancy and management firm will do wonderfully well.
Most small businesses do their own SEO, but they cannot achieve the same results as an expert. For instance, businesses often neglect the significance of local SEO, even though it plays an equally important part of your overall SEO strategy.
A representative from a carpet cleaning business in the UK told us that hiring a digital marketing and SEO consultancy firm has proved great for their business. When they were doing SEO themselves, they completely neglected geographical keywords. The SEO firm asked them to incorporate regional keywords of all the locations their company operated in, such as ‘carpet cleaning London’ to help the business show up in relevant local searches.
2. Online Tutoring
There are many people out there who need help in understanding a particular subject or topic for school or work. If you’re good at explaining concepts and logic, in a one-on-one setting or even a conference group, then starting an online tutoring business is an excellent opportunity to generate passive income. You can conduct tutoring sessions on Zoom, Skype, or any program that supports video-chatting.
3. Virtual Art Shop
Just like brick-and-mortar stores, art galleries have also shifted to digital media to exhibit their artworks and sell them to the highest bidder. The emergence of social media has created an immense opportunity for talented individuals to show their art to the world, who otherwise wouldn’t have the resources to display their creativity.
With countless digital tools available, you can virtually sell art to anyone anywhere in the world and grow your business. Art is a gift, and if you’ve got a creative streak, then it deserves to be appreciated and shared with the world. Whether it’s digital art, canvases, framed pieces, or photography portraits, you can sell anything and everything in your online store and make an ample profit.
4. Freelance Writer
People with a knack for writing and can easily write on any given topic can offer their writing services to clients that need help with content. You can work as a freelance writer and prepare content for them to appeal to their target audience and boost conversions. Make sure to have some samples on hand to present to clients so they can review your writing style and learn about your area of specialization.
Your services can be limited to simple article writing and blog posts or include others such as scriptwriting, resume/cover letter writing, editing, etc. You can start with small projects and gradually build your team by recruiting other remote writers to distribute the workload and accomplish deadlines effectively.
5. Web Development and Design
There is a heightened demand for experienced web developers and designers that can create interactive and powerful websites for their business. If you’re proficient in programming languages, coding, and UX design, then web development and design is a highly lucrative online business.
Showcase your experience and competencies by outlining your services and the variety of solutions you will offer to clients. All you need is a compelling portfolio and a powerful website that features your talents and brings in a steady stream of customers.
6. Virtual Assistant
If you’re good at following instructions, staying organized, being flexible, and ready to learn new things, then working as a virtual assistant is a great business venture for you. Often, clients don’t specify your tasks, so you should be open to learning new skills and activities which can help improve your work portfolio.
A VA’s duties comprise assisting business professionals in their work and carrying out a broad spectrum of tasks. It’s a good gig and can help you acquire some new skills while earning a decent income.
7. Social Media Management
If you happen to be incredibly tech-savvy and proficient on the ins-and-outs of social media, then offering social media management services to start-ups is a clever way to put your skill to good use. It’s become crucial for businesses and brands to have an online presence to expand their reach as well as boost their credibility.
This makes social media a vital part of their business plan. Entrepreneurs are always looking to outsource this job, especially if it falls out of their expertise. Your responsibilities will encompass everything from creating engaging content, designing posts, running ads, and tracking engagement metrics for the specified social channels.
Start Your Own Online Business Today
Most of the ideas mentioned above require little or no investment on your part, and it gives you full control of how big or small you want to start. Aspiring entrepreneurs can go off the traditional career path and start a business with extraordinary talent, hard work and dedication, and access to online resources. There are plenty of options to choose from; all you need to do it take action and turn your dreams into money-making business ventures.
Arslan Hassan is an electrical engineer with a passion for writing, designing, and anything tech-related. His educational background in the technical field has given him the edge to write on many topics. He occasionally writes blog articles for Dynamologic Solutions, A software development company.