In this post we'll talk about the best online business ideas, but before we jump I want to take the time to lay the basics principles to make your business work.
Pick Something You're Passionate About.
Without passion, any rational person would give up!
This is the first and most basic step, but don't be fooled, it's one of the most important things when starting an online business.
So many get started in a niche that they're not passionate about because it has the potential to very profitable, but when things get tough they don't have the drive to keep going because they're not passionate about their work.
Botton line, if you truly want to create success in your business, pick a niche you can be passionate about.
Fill A Need In The Market Place Needs
Some people may want to pick something based on their own wants without ever assessing if there's a need in the market place. Before picking a niche or product, ensure there is a need in the market place.
You can find this out by simply checking things like online forums, Q & A websites such as Quora, and doing some Google searches. One you find there's a need for something and you are passionate about it... Voila, you've found what you're business is.
Set Yourself Up To Capture Leads And Build An E-mail List
This is internet marketing 101. To create get into profit faster with your online business, you must capture leads and follow-up with them via an email autoresponder. This will allow you to gain trust with more people and sell more via email.
So, how do you build an email list? Great question! The fastest way to build an email list using social media is to give something of value away for free in exchange for people's email address. You don't need to spend weeks on this free giveaway. Just make it something that your target audience will love and be happy to give you their email address for. I recommend a free PDF download like a cheatsheet of some sort or a free video training.
Once you've got these thing established, you're ready to start your business. Let's get into it!
Best Profitable Online Business Ideas
#1 High Ticket Affiliate Marketer
I picked this as number one because it allows new people to make money online without having to create a product. Often times when starting out, people will spend a lot of time, energy and money putting a product together because they think it's good. After all the hard work of creating a product, they find out that nobody wants to buy it.
Why high Ticket?
There are many affiliate marketing programs out there like Amazon, Clickbank and even Best Buy has an affiliate program. But with sites like these, your commissions will be lower. You'll find yourself doing a lot of work for little pay. Can you still make a lot of money with smaller ticket commissions? Sure, but let's talk high ticket now.
High Ticket Affiliate programs allow you to make big commissions. Instead of making a $600 commission how would you like to make a $6,000 commission instead? Anyone would right!
Here's a question a lot of people have when thinking about selling high ticket as an affiliate marketer...
Isn't it 10X harder to sell high ticket products instead of low ticket products?
The answer is no. Many people think it's going to take a lot more work to sell high ticket products when in reality it takes the same amount of effort to sell a low ticket product as it does a high ticket product.
So what's the best high ticket programs?
Great question! At the time of writing this there two really popular high ticket affiliate marketing programs on the market...
- Digital Altitude
MOBE has been around longer and has a good reputation.
At the time of writing this, I am partnered with Digital Altitude and have loved my experience being an affiliate.
Here are signs of a good high ticket affiliate program:
- Provides 1-on-1 coaching
- Gives you training on how to market high ticket products
- It comes with done for you landing pages and funnels
- It allows you to keep your customers for life and get paid on all products
- It has a phone sales team that closes sales for you
#2 Become A Blogger
Contrary to popular belief, blogging is still a very lucrative way to make money online and one of the coolest things about blogging is you can start a blog about almost anything you want and find a way to monetize it.
Here are some examples of some really highly profitable blogs in different niches:
As you can see there are many profitable topics you can start a blog about. The one I showed you above MelyssaGriffin.com pulls in over one million dollars per year last I looked.
I'd say over a million a year is definitely a business strategy worth looking into, wouldn't you agree?!
What's the best way to start a blog?
Boy oh boy! There's a lot of different ways to do this but I recommend starting your blog on Wordpess. WordPress is pretty much the industry standard.
You will need to get hosting and a domain for your blog as well. There are many ways to do this. I recommend jumping over to Godaddy.com to grab your domain.
You can choose to have your blog hosted over on Godaddy as well, but here are a couple more options for hosting:
Yes, there are free themes available with WordPress but if you're serious about building a profitable online business I recommend going with a premium theme. There are literally hundreds if not thousands of themes to choose from, so I will tell you my top recommended themes that I've used:
- Divi Theme - The Divi theme is not going to cost you an arm and a leg and they have more than one theme you will get to choose from. On top of the awesome plugins they have, the Divi theme looks absolutely amazing.
- X Theme - This is another high functioning beautiful theme. There are a lot of extras that come with this theme and it's the very first premium theme I ever tried and I really liked it.
- Thrive Themes - At the time of writing this post this website is currently setup on a thrive themes theme. These themes aren't as aesthetic as the other two themes mentioned, however it is made for conversions. If you're looking to be on point with your marketing and conversions, than this may be the theme for you.
Since we've been talking about blogging, I think it's a great time to transition...
#3 Teach and Sell Online Courses
If you have knowledge in a specific area, creating and selling online courses can be very very profitable. In fact, you can sell courses right on your blog.
Selling courses on your blog can be a little more difficult to setup, especially if you're new, but it can be very rewarding. Remember Mylessa Griffin from earlier in this post and how she makes over one million per year? Yeah, that's from selling courses on her blog.
But if setting up courses on your blog is too much to start, you can host courses on other platforms like this:
#4 Become A YouTuber
YouTube is the second largest search engine in the world, only second to Google. It's also owned by Google and get's hundreds of millions of visitors each month and billions of video views. If you want to create videos as living, YouTube is the place to start.
This is a great way to put any of your content into video form and share it online. If you learn some simple SEO (Search Engine Optimization) for your videos, you will be set. But don't let anything from holding you back. So many people don't put videos up for many different reasons, don't let that be you. JUST START!
YouTube is in fact a very profitable business model when you do it right. Most people only think of advertising revenue when thinking about YouTube, but that's only touching the surface. The real money with YouTube marketing isn't through it's advertising, it's through whatever you're selling on your own website. If you get enough views in your niche, you can sell anything and make a profit.
#5 Start An ECommerce Store
Have you ever wanted to start your own brick N Mortar store? No need! With an ECommerce store you can sell anything you want right online. This is a massively profitable business model that thousands of people are taking advantage of right now.
There are places like shopify that will help you get all setup and start selling. These will be physical products that you place for sale online in your very own ECommerce Store.
There are just some of many ways you can start your own profitable online business. Like I said at the beginning of this post, I think Affiliate Marketing is the best way to start creating your own business online.
Thanks for reading! Don't forget to drop a comment and share!
Start Your Journey As A High Ticket Affiliate Marketer
If you're interested in starting your own business online, my recommendation is to become an affiliate marketer, and not just any affiliate marketer, but a high ticket affiliate marketer. This allows you to make huge commissions with the same amount of work as promoting small commissions.