Best Online Business to Start
Starting an online business in 2022 is a great idea since there are some incredible opportunities in the online world these days. Which brings the question, which is the best online business to start at this time? Believe it or not, there are some incredible options to focus on, it all comes down to your expertise, knowledge, and what you are passionate about. Here you have some great ideas to help you get started!
Dropshipping is maybe the best online business to start because it doesn’t involve any major costs. The idea behind dropshipping is that you create an eCommerce website and then find a wholesaler whose products you can sell. You add their products to your website and also increase prices in order to generate a profit.
Whenever someone buys products from you, the order is automatically sent to the wholesaler and they ship the product. However, you get paid the total fee you are asking for, thus generating quite a bit of profit. It’s easy to see why dropshipping has become very popular because it’s very appealing and you can easily manage a store without holding any inventory.
2. Social media management
Many businesses want to be on social media, but they don’t want to waste time posting and managing their comments every day. In many cases, they don’t want to hire a person in-house just to do this. So they hire third parties like you to manage their social presence. This is a great business idea because there’s a lot of demand and this is not something that requires a lot of experience.
3. Freelance writing
If you have talent in writing, it’s possible to create a solid online business. The best part is that you can focus on improving your talents and charge significantly more as time goes by. Freelance writing is very fulfilling, there’s a lot of demand for content, and it can be a great income generator. However, this is a way to generate active income, so you have to work constantly in order to generate revenue. A similar thing can be said about freelance design or any freelancing job in general.
4. Video editing
In case you are talented in the world of video editing, then this can be a great online business to start working on. Why? There’s a huge demand when it comes to video editors, especially when it comes to YouTube creators. You won’t have a problem creating this type of business, and the return on investment is actually quite amazing.
5. Consulting services
Consulting can be great for businesses that want to grow, which are dealing with a sales slump, or just want to improve. If you have business knowledge, this can be a great option and it can help you generate a lot of leads and customers. It’s a very good idea to give it a try especially if you have knowledge of this industry.
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6. Create a YouTube channel
Sure, this is more of a personal business instead of a fully-fledged company, but it can still be very fruitful finance-wise. It can be hard to get started on YouTube, but the upside is that if you have a great personality, and charisma and don’t just follow anyone else, you are bound to have a very good experience. This is exactly what makes YouTube a great business idea, however, you shouldn’t expect immediate returns from it, especially in the beginning.
7. Online course teaching
Nowadays you can easily sell courses online and educate others. That’s great because you just work once to create a great course. However, you can sell the course many times over without a problem. Online courses can be a great source of passive income, and they can bring in some amazing benefits and results in the long run.
8. Digital marketing/advertising
Creating a digital marketing company can be a great starting point for building a large agency. The focus is to help businesses better promote themselves, reach new clients and push the boundaries in a unique manner. You can start solely with SEO services, and then add new services as you grow according to customer requirements.
This industry is fulfilling, it certainly has its fair share of challenges, but it also provides amazing benefits. If you want the best online business to start, this might be the right one for you!
Starting a podcast sounds like a great idea, and the main benefit here is that you can talk about anything. As you get the attention of more and more listeners, you will receive sponsorships and those can help you grow your business and establish a podcasting career. This is a great industry without a lot of opportunities. But the best part is that you’re not limited as much when compared to other industries.
10. Travel planning
Now that the pandemic is over, we are able to travel again, and thus travel planning companies are in high demand. If you like the idea of helping other people plan their travels, be it offline or online, this can be a great business to focus on. It has plenty of flexibility, and the fact that you can find various partnerships to deliver discounts can make your business very appealing.
11. Stock trading
It’s maybe the best online business to start where your focus is to trade stocks and cryptocurrency for others. A lot of people don’t have the time to trade themselves, so they are more than willing to pay someone just to trade for them. And yes, this can be a very fulfilling job, since you can work for many different clients at once. It’s very impressive, and you will be amazed at the quality and professionalism offered here.
12. Personal assistant/Virtual assistant
It’s also possible to create a virtual assistant business if you want. The thing that makes such a business great is that you can easily get started and you can fulfill a variety of small tasks. Just like the stock trading business, we shared above, here you have the opportunity to work with multiple clients at once.
You can also choose what services you want to provide and also how much you charge. It’s a flexible business idea and you are always in control. That’s why there are so many different people all over the world who created their own virtual assistant business and they make a living through that alone.
13. Accounting business
The idea to create an accounting business is great since there are always companies looking for accounting solutions. The amazing thing is that you don’t need to be an accounting expert. Instead, you can hire experienced professionals that work for you, and your focus is to promote your business as well as find new clients. It can be a great opportunity since it’s a niche without too many competitors. It’s definitely something to keep in mind.
14. Affiliate marketing business
In this case, your focus is to create a blog/website and talk about anything you want, within a specific niche of course. Once you have a few posts, you can start enrolling in various affiliate marketing programs. The focus here is to pick various products, acquire personalized links and then insert them into your content.
If people click on your links and purchase through them, you receive a commission. The more people do so, the more money you earn. It’s a great, passive source of income that you definitely need to try out.
15. Virtual thrift shop
There are always people looking for great deals online, so a virtual thrift shop can be a no-brainer. The important thing to keep in mind here is that you can sell on your website, but also use platforms like eBay or Amazon, depending on where you live. The focus is on acquiring merchandise that you can then resell for a profit. It can be well worth it and the best online business to start if you stick with it!
16. Voiceover work
Those that have a great voice should definitely consider voiceover work. There will always be people looking for audio content on their website, for audiobooks, commercials, and so on. It helps immensely and the best part is that voiceover work can be very well paid too. This is why we think that this can be one of the better online business ideas you can start working on today.
17. Create a membership community
You can find a niche, like “making money online” for example, and then your focus is to try and create PDFs, video content, written pieces, and anything else to help educate your audience. In order to enter the community, every person needs to become a member and thus pay a fee. There are many communities like these and they are very fruitful. The idea is to ensure that you always offer new content while updating the older stuff. Things like exclusive, 1-to-1 coaching or assistance can sweeten the deal even more.
18. Start a subscription service
There are plenty of monthly subscription services nowadays, and many of them reached great success. What you can do is you can start a subscription service and provide customers with a variety of items that are shipped every month/quarterly.
Not only is it exciting to receive a box whose contents you don’t really know, but it can also be fulfilling if the products are actually high quality. You get to manage all payments and memberships online, so it all comes down to finding the right mystery box idea that will entice customers.
Every website needs quality photos, and while some will use free photos, others want unique licensed photos. Invest in a great camera and improve your editing skills, then you can generate a very good income just from selling your own photos. You can sell them on dedicated platforms or you can go ahead and create your own platform. If you want the best online business to start, this might be the right one for you!
20. App development company
There’s a huge demand for mobile apps these days. This is why a very good idea right now is to create your own app development business. Not only does it allow you to create mobile apps for clients, but you can also create your own apps that you monetize on app stores. It’s very fulfilling and you will be more than happy with the experience and results.
21. Tech support business
You will notice that a lot of people don’t have IT knowledge, so they need remote assistance and help. Actually, you can make quite a lot of money just by offering tech assistance remotely. You can work whenever you want, and you can also book long-term clients, which is a major plus. That on its own can be a great business opportunity.
22. Handmade item business
Yes, if you love crafting stuff, it can be a great idea to create handmade items. The nice thing about it is that you can easily create a variety of handmade stuff, then sell it on websites like Etsy. The best part here is that you can always innovate, come up with new products or improve on the old ones. It’s an amazing business idea, but in the end, it’s always worth the effort and it doesn’t require a lot of upfront investment either.
23. Online streaming
Twitch is maybe the best online business to start where you can stream and create an audience. While the platform was originally intended for games, now it covers music and IRL streaming, among others. You can generate an income from subscriptions, donations, sponsorships, and many others.
Starting an Online Business FAQs
What are the greatest obstacles to launching a business?
- Not having enough money.
- Having an effective business plan.
- Not developing a remarkable product or service (or unique).
- Don’t stick to your plan.
- Not able to overcome the aggravation of being continually rejected by consumers.
- Not knowing when to fire unproductive workers.
- Being forced to wear so many hats.
- Managing your time.
- Keeping some sort of work-life balance.
So, what type of business should I start?
- You are passionate about it.
- Does not require a trillion dollars to finance.
- Has the potential to develop into a substantial entity within a realistic timeframe.
- You have some experience (avoiding the issue of “not knowing what you don’t know”).
- You would love doing (don’t start a business you despise going to every day).
- One that can meaningfully improve the lives of users.
What are the most common errors made by new business owners?
- Not beginning with sufficient capital
- imagining victory will arrive shortly
- Not meticulously budgeting
- Not concentrating on the product or service’s quality
- Underestimating the significance of marketing and sales
- Inability to adapt or iterate quickly enough
- Lacking knowledge of the competitive landscape
- Having no regard for legal and contractual matters
- Hiring unsuitable personnel
- Pricing a product or service incorrectly
How do I acquire the domain name I desire?
Every good “.com” domain name has already been registered. And I typically just suggest “.com” domains. Ultimately, 99 percent of domain names are available for purchase; but, you must be willing to pay for the name.
Do a “WHOIS Search” at www.networksolutions.com to discover the owner’s contact information for the domain name you’re interested in, and then make an offer to purchase it. Do not offer $500 for a premium domain name. You will be overlooked. Be willing to pay a reasonable price for a good reputation.
At Superb Web Services, domain purchase (other than premium domains) comes with all small business websites that we design.
How can I get traffic to my business website?
- Pay Google, Bing, Yahoo, or other search engines (or social media networks) to direct visitors to your website.
- Create a fantastic website with an abundance of original, high-quality content that is optimized for search engines (or pay a company, such as Superb Web Services or create your own through a company, such as Siteground). Adding a blog to the website can help you with getting organic traffic to your business.
- Utilize a strategic social media approach to attract visitors from Facebook, Twitter, LinkedIn, Tumblr, and other free social media platforms.
Do I need a business plan?
It is beneficial to create a business plan in order to include the product or service’s development, marketing, financial projections, and more. Then, solicit advice from reputable business/finance consultants. However, a 50-page business plan would be excessive. In practice, many startups must change from their original idea.
Where can I obtain capital for my business?
- Personal funds
- Charge cards
- Friends and relatives
- Angel investors
- Websites for crowdsourcing such as Indiegogo.com and Kickstarter.com
- Bank loans and SBA funding
- Venture capitalists
- Equipment loan financing
What online resources can be utilized to learn more about starting a business?
Other than signing up for the SWS newsletter:
You can also use:
Conclusion: Best Online Business to Start
As you can see, you can easily find the best online business to start, there are many options to choose from. It all comes down to choosing one of the many options and getting started. That’s the hard part, then you will need to work hard and continue improving your skills and your online presence. If you’re looking for affordable small business websites with monthly management that can help you reach your entrepreneurial dream, we are always here to help.
All you have to do is to contact us right away, our team is ready to assist and help you get one step closer to your goals. Starting an online business in 2022 is a great way to generate income, and it can help you become a fully-fledged entrepreneur in no time!