What are the top online business ideas to start from home? What are the best small internet business opportunities? Do you want to learn what it takes to start a business on the internet with no money? Then, I advice you read on. Online business Ideas & Opportunities in Nigeria.
It is no longer news that the world is filled with business opportunities and startup business ideas but unfortunately; not everyone can see such opportunities. Bill Gates once said that: “if your business is not on the web, then your business will be out of business,” and i believe this statement is the truth in its entirety.
The internet is the next big thing because of the massive leverage it offers the common man. Youngsters and high school or college drop outs like Bill Gates, Mark Zuckerberg, Larry Page, Sergey Brin, Michael Dell, etc have gone on to become billionaires starting from scratch.
Now there are lots of business opportunities online, but the question is: which is the best for you. So in this article, I will be reviewing some successful internet business ideas and in the end; I will discuss the best online business ideas for beginners to start.
However before I proceed, I want you to understand that this list of business ideas does not in any way replace the need for you to conduct feasibility study on the ideasand write a business plan.
Secondly, I want you to know that you can start an online business from anywhere in the world; provided you have an internet connection. So whether you are in Philippines, Nigeria, USA, UK, Canada, India, etc; you will still find this information useful. Without wasting your time, below are the top 40+ online business ideas and opportunities to start from home.
Starting an Online Business: 3 Crucial Factors to Consider
As an entrepreneur running a business both online and offline, I believe I can authoritatively answer this question. Now before you start pondering on the best online business ideas and opportunities to start, I want to make a point and that is:
“There’s nothing like the best online business idea or opportunity. So it will be in your best interest to stop searching for it. Rather, you should channel your strength on concentrating on just one business model and strive to do your best in it.”
Now how do you pick this business model that suits you and still make you money? Well, the three points below will help you make that decision.
a. Find an online business ideas that you are passionate or interested in
“Passion is what keeps you going when the going gets tough.” – Warren Buffett
It’s quite good to go into a business that shows high potential but it’s more advisable to go into a business you are passionate about. Business is a risk and things don’t always go the way we plan.
One of the reasons most people jump from one business opportunity to another is because they aren’t following their passion. Take a look at the biggest and best businesses in the world; from Microsoft, Apple, Oracle, McDonald’s, etc and you notice that they were businesses built around the passion of their founders. So if you are looking for the best online business ideas to start, then consider starting something you are passionate about. Enough said.
b. Find a business that you are willing to learn and stick to
Knowledge is the foundation of every business; not capital. And every business industry has some inside secrets, strategies and tactics that you will never find out except you are involved in the industry. So when searching for the best internet business ideas, seek opportunities and ideas that you are willing to learn and stick to. Success is not an overnight adventure; it’s the result of continuous effort.
c. Find a business opportunity that will yield passive income
Lastly, I consider the best business opportunity as one that will provide a valuable service, makes you money and can run with minimal effort on your part. I am talking about businesses that once they stabilize, they can run on autopilot.
Offering services might not be the best because it would require your efforts full time and to increase your profits, you have to increase your work time or hire more helping hands.
Top 40 Profitable Internet Business Ideas & Opportunities for 2018
1. Affiliate marketing
The first venture you can start online is to own your own affiliate store. To become an affiliate marketer means that you be promoting other people’s products and services. Whenever there is a sale, you will get a commission and the most interesting fact here is that you don’t even need a dime of your own to start it and you get to partner with some of the biggest companies in the world.
If you have a particular subject that interests you and you are passionate about it, then you can start a blog around such topic. Blogging is one of the fastest growing business trends on the web and the sweetest thing is that it is an information based business.
So no worries about technicalities, programming, etc. You also don’t need to invest a dime to get started as there are free platforms you can utilize like Blogger, TypePad, Joomla and WordPress.
3. Auction selling –eBay
This business involves selling or reselling products (using goods, purchase and reselling of wholesale goods, using drop-shipping) on an online market place like Ebay, Amazon Auction or Craigslist.
4. Online Beading Store
If you love beading, and you have beading skills, you can launch an online business that will not only focus on selling the coolest beads on the web, but also offer video tutorials on how to make beads.
5. E-Book Publishing
If you love writing and you possess some marketing skills, then you can venture into information marketing. In this situation, your business will be to identify people’s problems and provide a solution in the form of an ebook.
6. Do-It-Yourself program
Just as the green revolution is on, the DIY (Do-It-Yourself) movement is also on. As the economy gets tighter, people are spending less and they are learning to do things themselves to save money. You can still take advantage of this situation and position yourself as a DIY expert and start publishing tutorials on how to fix things, install gadgets and make repairs.
7. Advertising Network (Ad Network)
You can also start a company online that connect advertisers to websites who wants to host advertisements. The key responsibility of an Ad Network is the aggregation of Ad space supply from publishers and matching it with advertisers demand.
8. Website flipping business
You can start buying and selling websites for a profit. To understand this business model, just consider yourself a real estate entrepreneur; who buy houses at a low price, renovates the house and resells at a higher price for a profit. You can begin by checking out websites that are listed on Flippa.com to understand how this business works.
9. You Can Make Money Taking Surveys Online
10. Set up an e-commerce store online
Yes, you can set up an e-commerce or retail store online and you can start this online business from home without even owning a single product. You can sell virtually anything ranging from books, clothes and electronics to household item through wholesale drop shipping or by setting up an affiliate store with Amazon or EBay.
11. Start Trading Forex Online
12. Research and sell information online
Yes, you can research on people’s problems and needs; then all you have to do is to come up with a solution, package it in an eBook, video or audio format and you are in business. In fact, the over head startup cost for this business is so low that anybody can do it. To have an idea on hottest selling information products, I will recommend you visit Clickbank.com
Online Business ideas that Yield’s Passive Income Even While You Sleep
13. Web hosting reselling business
One thing about a web hosting reselling business is that the market is a bit saturated; but I don’t believe a market can be saturated if you can be creative and focus on a specific niche. But the good side of this business is that it can run on autopilot; once you have put in the initial effort and gotten some clients, you are set.
14. Membership sites
If you are an expert in your industry, then you should definitely think of starting a membership site. A membership website is a site that offer “specific information” to people; all for a monthly recurring fee. A successful membership site can generate income monthly without you lifting a finger.
15. Build your own Blog network
One of the best online businesses you can start today is a blog. The downside of a blog is that it’s not a short term profit maker; but it can bring you fortunes and fame. Owning a blog network is definitely not an easy thing to do, but it can be done. However, it’s advisable you start from only one blog. Once your blog or blogs are up and running, you can enjoy steady streams of passive income.
Profitable Web Based Services Business Ideas and Opportunities to Start
To build a successful business online around service provision; you need nothing but specialized knowledge or skill and thorough understanding of how the internet works. Your overhead can be kept low by operating your business from home. In fact, providing business services on the internet can be started from home with zero capital. All you need is core expertise and you are good to go. You can get such expertise by attending seminars and workshops, reading books and practicing on your own.
Growing an online service business is quite easy because of the ease of referral; and the automation of several processes. Marketing your business expertise online is quite cheap and can even be done for free; if you know how to go about it.
16. Programming Services
With the growing demand for software, applications and plugins; offering programming services is definitely a business to beat because of the steady demand. But a downside to offering programming service is that it requires specialized knowledge that doesn’t come easy. If you are patient enough to learn the ropes of programming; you are sure of a steady supply of contracts. Remember that Larry Page, Bill Gates, Larry Ellison and Mark Zuckerberg started out as programmers.
17. Web Copywriting
Web copywriting is a service business you can start today and begin to make money because of insufficient copywriters on ground. Affiliate marketers and info product marketers will be your major clients because they are always on the look out for possible ways to increase the clickthrough rate, subscription rate and conversion rate of their websites. If you have a passion for playing with words; then you can start a web based business offering web copywriting services.
18. Virtual Assistant
The next web based service business opportunity you can start today is to provide virtual assistance to web entrepreneurs. Your duty will be to carry out assigned tasks that your client considers cumbersome or not-too-relevant.
19. Web Design
Web design is an online service business that has been around for quite long; yet, the market is not saturated. With an ever growing demand for websites, forums and blogs; the momentum for web design services will never die down. To get started as a web designer, all you need are some artistic talents, programming knowledge and time. As you design your websites, you must ensure you build your portfolio and look forward to having additional clients through word of mouth.
The most exciting fact about offering web design services is that you don’t need to know how to design a website or blog; all you need to do is to master the automated web design software made available online and you are in business.
20. Blog Installation
Blogging is the latest craze online. Every Dick and Harry now maintains a blog; and a lot more people desire to own one or two but unfortunately, not many people understand the technicality involved with installing a blog and they are not willing to learn it. If you are good at blog installation; then you can offer it as a service and I bet that you will smile to the bank daily.
The battle to be on the first page of Google is getting hotter by the day. Companies are now paying huge sums of money to search engine positioning experts to help increase their pagerank. Do you know how to get a web page to rank in the top ten search results of Google? If yes, then you have a money minting skill on hand. Aside providing search engine optimization services; you can actually build a successful business around this single service, big time.
As the craze for social media content increases; so also does the competition for social media attention by big company increases, thereby increasing the need for social media marketers. Do you know how to make a content go viral on social media? Can you build a strong brand presence on social media? Have you mastered the intricacies of social networking? Then become a social media consultant and you are in for cool cash.
23. Web Promotion
There are hundreds of millions of websites on the internet; and each of these websites seeks publicity. You can start a business as a web promotion expert and make money online. If you can effectively promote a website without spending much on advertising; you have a good business on hand.
24. Ebook Cover Design
Ebook publishing is on the rise; so also is the demand for quality eye catching ebook covers or product covers. The good thing about starting an ebook cover design business is that you don’t need to have knowledge of graphic design or Photoshop. The process of creating an ebook cover is now automated with the use of ebook cover design software.
25. Become a Freelance Writer and Make Money Writing Articles Online
One of the most outsourced online business processes is content creation and written content happens to be one of them. In fact, ghost writing as a service business is so broad that you can fill it all. Do you have a passion for writing? Then start a business offering ghost writing services to individuals and companies. You specialize on guest blogging for clients, article writing, ebook writing or freelance writing.
Do you have an eye for spotting grammatical errors? If yes, then you can make money online by offering proofreading services to online publishers.
27. Internet Press Release Services
The demand for free publicity will always be on the increase as long as there’s competition in business. Imagine getting on the front page or home page of a high traffic media website without spending a dime; that’s the power of press releases. If you are good at writing press releases and also submitting them; then you are in business.
28. Website Appraisal
Just as businesses are bought and sold offline; so also are websites bought and sold online. You can become a website valuation expert and offer appraisal services to website developers (virtual real estate developers).
29. Website Critique
Are you good at website optimization? Can you help internet business owners increase their conversion rate simply by overhauling a website? Then you can critique websites for cash. I know several entrepreneurs that have built successful online business by offering landing pages and squeeze page makeovers. You can do the same.
30. Blogger to WordPress services
Most blogs are hosted on Google’s free blogging platform Blogger; but bloggers are switching over to WordPress because of its usability and features. The only fear of moving from one blogging platform to another is that you may lose your content and pagerank.
Most bloggers don’t want to go through this nightmare, so the reliance on blogger to WordPress service providers. If you can switch from blogger to WordPress and vice versa without a loss of pagerank or content; then you have a profitable business on hand.
31. Web Development
Web development goes beyond web design; it encompasses website critique, forum installation, eCommerce site development and specialized website building. This is a profitable business opportunity; though it’s capital and time intensive, it’s a guaranteed money maker.
32. Joint Venture Brokering
You can start a web business around offering joint venture brokerage services. If you have the capacity to link product creators with marketers in any niche; I don’t see anything that stops you from starting a joint venture brokerage business.
33. Lead Generation Services
Do you know how to generate leads online? Then you can help businesses build their mailing lists. Most internet marketers attest to the fact that the money is in the list and they are willing to do anything to have this list. You can start a lead generation business and charge either per lead or on a bulk basis (per 1,000 lead).
34. Niche Research services
One of the best web based business services to offer is a niche research service. This is a business that requires you to spot online trends and niches before the rest of the crowd discovers such. It also entails digging deep to discover ignored or overlooked niches. If you are well grounded in online business research; then you can start a business online researching upcoming trends and niches, and selling these business trends to internet entrepreneurs and investors.
35. Software / Script Installation services
The last web based business service you can offer internet business owners for cash is software / script installation. Most people desire to start a social networking site, forum, eBookstore and so on but they don’t know how to go about it.
Some of these entrepreneurs have even taken a bold step ahead to purchase the necessary software or script needed to power their desired site; but they don’t know how to go about the installation. I have seen several small businesses that charge $97 for installations that don’t take more that 20 minutes to implement. If offering script installation service thrills you; then you can learn the rudiments of script installation.
36. Recruiting and Online Headhunting
If you know your way around the web and you are good at digging up people’s profile, then you can become a contract staff agent to some companies. Your duty is to go online and search for the right candidates for specific positions within a company and the company will pay you when the hire is made.
As a final note, I want it to sink into your skill that you can become a successful entrepreneur simply by taking advantage of any of the web based service business opportunities listed above. All you need is the right knowledge, the right marketing skill and determination. Once these three keys are locked in synergy; the sky will be your starting point.
37. Consultancy-: You can be a consultant to business people online, and your task is to keep informing them of the latest or new developments within their industry.
38. Resume writing service
A resume writing service can make a big internet home business, especially during economic difficult times and in areas where unemployment rate is very high.
39. Desktop publication services
Getting used to software, meeting deadlines, and making yourself popular online are the keys to launching a desktop publication home businesses. While some desktop publishers would like to meet clients in person and serve their local neighborhood market, a desktop publisher who renders services through the internet will have a much broader market to work on.
Additionally, working this business online permits you to show case prospects samples of your work and to publish testimonies from your satisfied clients/customers.
40. Internet marketing services
Assisting people to drive customers to their websites can be an excellent online business with a strong profit potential. Doing business on the web is quite tough because things change so fast online, so it will be your job to help the online entrepreneurs keep up with the ever changing trend.
Example of services you can offer include pay-per-Click (PPC) advertising services, blog marketing services, article marketing services, guest blogging, link building service, etc.
41. Graphic design
There are lots of graphic designers on the web. So if you have plan to succeed in this area online, serving a particular target audience will be your best friend. Suppose you are specialized with fashion and you have a good graphic design skill, you can try your hand at launching an online graphic design firm that focuses on graphic design for fashion designers. You can also choose to focus on infographic designing, ebook cover design, etc.
42. Online life coaching
Sometimes, life could be complicating thus requiring a little correction or encouragement for an individual along the way. If this sometimes appeals to you, you can consider launching an online business that tackles just one aspect of life’s most common challenges. For instance, if you are naturally born cupid, you can be a dating coach. Or if you know how to get things done, you can be an effective coach to assist others to quit procrastinating.
More Internet Based Business Ideas and Opportunities to Start
- App development
- Direct sales online
- Transcript service
- Online video editing service
- College Entrance Essay writing
- Baking school online
- Computer repair Remote
- Social media for Non-profits
- Online custom baby clothes
- Online personal finance coaching