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Oct 28, 2024

10 Ways to Make Money Online When You’re Just Starting Out

It’s easier than ever to make money online — even if you’ve never done it before. If financial stability,independence, and flexibility are goals of yours, starting an online business could be a great way to work toward them. 

Whether you're an aspiring entrepreneur, a beginner looking to dip your toes in the digital world, or a side hustler aiming to grow your income, there's an online business idea waiting for you. Read on to learn more about the top 10 online business ideas perfect for beginners and gain insight into potential profitability, startup costs, and the skills required to succeed.

The Top 10 Online Business Ideas for Beginners

The internet has revolutionized how we work and do business. The most significant advantage of online businesses is their low startup costs compared to traditional businesses. device and an internet connection, you can reach a global audience. This accessibility has led to a surge in online entrepreneurship, with platforms like Etsy, Shopify, and Amazon enabling individuals to market their products to the world.

Choosing the right business idea is crucial for success. It requires balancing potential profitability, startup costs, and your skills and interests. We've selected these top 10 ideas based on these criteria to help you find the best fit for you. Each idea offers a unique opportunity, whether you want to be your own boss or earn extra income alongside your full-time job.

1. E-commerce Store

Selling through an e-commerce store is one of the most popular online business ideas. With platforms like Shopify and WooCommerce, setting up an online store is easier than ever. You can sell everything from handmade crafts to digital products. Startup costs are relatively low, and the potential for profit is high, especially if you identify a niche market and spend time optimizing and marketing your store. 

To succeed, you'll need to research product sourcing, inventory management, and marketing. Many e-commerce entrepreneurs have started with minimal investment and scaled their businesses to earn six or seven figures annually.

2. Dropshipping

Dropshipping is a business model that allows you to sell products without holding any inventory — a huge benefit, especially when you’re just starting out. When a customer makes a purchase, the order is sent to a third-party supplier who ships the product directly to the customer. This eliminates the need for upfront inventory costs, making it an attractive option for beginners.

While dropshipping requires minimal investment, success depends on finding reliable suppliers and effectively marketing your products. With the right approach, dropshipping can be a highly profitable venture.

3. Print on Demand

Print-on-demand (or POD) businesses involve creating custom-designed products like t-shirts, mugs, and phone cases. You design the products, and a third-party company prints and ships them to your customers. This business model has low startup costs and allows you to express your creativity.

You’ll want to sharpen your marketing skills when promoting any print-on-demand services, as you'll need to build a brand and reach your target audience. Print-on-demand businesses can be highly profitable, particularly if you target a specific niche.

4. Affiliate Marketing

Affiliate marketing involves promoting other people's products and earning a commission for each sale made through your referral. This business model requires little to no upfront investment and can be done part-time or full-time.

Success in affiliate marketing depends on building an audience and establishing trust: Your audience wants to know you believe in the products you promote. You'll need to develop content creation and digital marketing skills to drive traffic to your affiliate links. With dedication, affiliate marketing can generate substantial passive income.

5. Online Courses and Coaching

If you have expertise in a particular field, consider creating and selling online courses or offering coaching services. Platforms like Teachable and Udemy make it easy to create and market your courses. This business model allows you to share your knowledge and help others while earning an income.

Successful course creators focus on providing value and building a community around their content. The startup costs are low, and the potential for profit is high, especially if you establish yourself as an authority in your niche.

6. Content Creation and Blogging

Blogging and content creation offer a creative outlet and the potential to earn income through advertising, sponsored posts, and affiliate marketing. With a blog, you can share your passions, experiences, and expertise with a global audience.

Building a successful blog requires dedication and persistence. You'll need to create high-quality content, optimize it for search engines, and engage with your audience. While it may take time to generate income, blogging can become a lucrative venture with the right approach.

7. Social Media Management

Social media management involves helping businesses and individuals manage their social media presence. This can include creating and scheduling posts, engaging with followers, and analyzing performance. Most brands benefit from having social media accounts and a social strategy, making this an in-demand service with significant growth potential.

To succeed as a social media manager, you'll need strong communication and organizational skills. Experience with various social media platforms and tools is also essential, so start playing around with your personal account. Social media management can be a profitable business, especially as companies continue to recognize the importance of a strong online presence.

8. Virtual Assistant Services

Virtual assistants provide administrative support to businesses and entrepreneurs. This can include tasks like email management, scheduling, and data entry. The demand for virtual assistants is growing as more companies and individuals seek remote support.

Starting a virtual assistant business requires minimal investment, and you can offer your services on platforms like Upwork and Fiverr. Success depends on your ability to multitask, communicate effectively, and manage your time. Virtual assistants can earn a competitive income, with opportunities to specialize in specific industries or niches.

9. Graphic Design Services

If you have a talent for design, consider offering graphic design services to businesses and individuals. This can include creating logos, marketing materials, and social media graphics. The demand for skilled graphic designers is high, making this a lucrative business opportunity.

To succeed, you'll need to build a strong portfolio and develop your design skills. Platforms like Adobe Illustrator and Canva are popular tools among graphic designers. With the right approach, you can build a profitable design business and work with clients worldwide.

10. Video Content Creation

Video content is rapidly gaining popularity, making it a valuable skill for entrepreneurs. Whether you create educational videos, vlogs, or promotional content, there are numerous opportunities to monetize your video content through platforms like YouTube, TikTok, and Patreon.

Successful video creators focus on producing high-quality content and building an engaged audience. Video content creation requires creativity, technical skills, and a willingness to adapt to changing trends. With the right strategy, you can create a profitable video content business.

Marketing and Growing Your Online Business

Once you've chosen an online business idea, it's essential to market and grow your venture. Start by building a strong brand identity and creating a professional website. Use search engine optimization (SEO) techniques to improve your online visibility.

Social media is a powerful tool for reaching your target audience, too. Engage with your followers, share valuable content, and collaborate with influencers to expand your reach. Email marketing is another effective strategy for nurturing relationships with your audience and driving sales.

Why a Strong Online Presence Matters

A strong online presence is crucial for the success of your online business. If people don’t know your online business exists, how can they support it? Start by optimizing your website for SEO, ensuring it ranks well in search engine results. This will help potential customers find you and learn more about your products or services.

Utilize social media platforms to connect with your audience and showcase your brand personality. You’ll want to consistently share valuable content that resonates with your target market. Engage with your followers by responding to comments and messages promptly.

Consider creating a blog or YouTube channel to establish your expertise and provide value to your audience. This will help build trust and credibility, making customers more likely to choose your business over competitors.

There are countless tools and resources available to help you launch and manage your online business — it can be a bit overwhelming. Platforms like Shopify, WooCommerce, and Wix make it easy to set up an online store. For dropshipping, consider using Oberlo or Spocket to connect with suppliers.

For marketing and social media management, tools like Hootsuite, Buffer, and Canva can streamline your efforts. These platforms offer scheduling features, analytics, and design templates to help you create professional-looking content.

If you're offering services, platforms like Upwork and Fiverr can help you connect with clients worldwide. These sites provide a marketplace for freelancers, making it easier to find work and build your reputation.

Online Businesses for Beginners: A Final Word

Starting an online business can be a rewarding and fulfilling experience. By choosing the right business idea and leveraging the available tools and resources, you can build a successful venture from the ground up. And even if this isn’t your calling or forever career, this business journey will give you experience and help you learn more about what it takes to make money online. 

If you’ve been eager to start an online business, the time to do so is now! With the right mindset, tools, and strategies, you can turn your passion into a profitable and sustainable venture. Whether you're looking to supplement your income or transition to a full-time online business, the possibilities are endless. 

Written by

Team Stash

We want to turn money into a source of hope and opportunity. We teach people how to build good habits, save more and make it easy and affordable to get started investing. So far, we’ve helped over 6 million people create a more secure financial future with our expert advice and award winning investing app.