You’ve always wanted to own your own business, but you just can’t imagine finding a way to make running a physical store happen right now.
Plus, a brick-and-mortar shop would mean securing tons of permits, getting licenses from your city, and trying to figure out how on Earth to calculate your tax rate.
But don’t give up on your dream of being a CEO just yet.
Why not start an online business instead?
Before you think about the technical side of how to start an online business, you must first decide which industry you’re the most likely to succeed within.
Above all, remember that an online business is just as much work as a brick-and-mortar one. Given the 24/7 accessibility, it’s often even tougher!
However, online businesses are also extremely lucrative and allow you to work from almost anywhere.
In this post, we’ll give you a few popular online business ideas that might be right for you.
1. Become a Digital Life Coach
You’re looking to start a small online business that allows you to still keep a flexible schedule. You’re also known as the person who can “get it done” in your social circle, and you have a real skill for motivating other people.
Why not consider starting a life coaching online business?
Start by creating a blog and generating revenue off of ads. This way, you can still earn some income while you’re building up your company’s reputation.
Blog about topics like self-care, positive affirmations, and setting and achieving goals. Once you feel like you have a strong following, announce that you’ll be offering your services as a personal life coach.
You can opt to meet with your clients entirely online via video chat, or you can meet them in-person. Be sure to give the weekly assignments to keep them on task.
2. Set up a Content Marketing Company
Are you obsessed with all things social media?
Are you an expert in creating email newsletters?
Can you write a blog post or create an online video that seems destined to go viral?
If so, then you should consider opening your own content marketing online business. This way, you don’t have to learn as much of the super-technical side of SEO and digital marketing. Instead, you just create fun, branded content for companies that they can place on their social media accounts, websites, and blogs.
Make it even easier for your customers by allowing them to place their orders online via your website. Let them know you’re always available for a video consultation so you can discuss their marketing goals, too.
3. Consider an FBA Business
If you want to be your own boss, but could still use the services provided by an established business, then starting your own Fulfilment By Amazon (FBA) company might be a great fit.
Essentially, you select the products you want to sell in your own Amazon shop. You then purchase these products as you normally would.
Except instead of having to find a place to store them in your home, or paying a warehouse to do it, you send these items to an Amazon warehouse. (They have countless locations across the country, so it’s never difficult to find one close by.)
Amazon handles all the packing and shipping for you whenever a customer places an order.
It’s profitable, takes a ton of the stress out of selling online away, and you can control what you choose to sell.
4. Sell Clothing and Accessories
You’ve always wanted to start a clothing store, but you definitely don’t want to deal with the expense and red tape of a brick-and-mortar location.
Besides, you’re looking to reach a much broader audience!
Whether you want to sell clothing you’ve designed yourself or sell thrifted or vintage items for a profit, running a clothing business online is an excellent idea.
It’s also one that’s best suited for those that are especially social media savvy. Here, you’ll grow your business primarily through Instagram and Facebook — and both platforms have in-app purchasing options to make your buying cycle even shorter.
Try flash sales and send out monthly newsletters to keep everyone up-to-speed when you post new items to the shop.
5. Work as an Online Tutor
If you scored extremely well on your SATs, know another language, or just want to help people learn a special skill, you can absolutely offer your tutoring services online.
In fact, online tutoring has been steadily rising in popularity for the past few years, and recent studies suggest the trend will continue. Online tutoring is an especially profitable business because you can access students who need help in underserved parts of the country and even all over the world.
You can set up a weekly video chatting session with your students so you can help then learn and work through problems face-to-face. There are even screen-sharing tools available so you both can look and make edits to the same papers simultaneously.
Ready to Turn Your Online Business into a Success?
Whether you opt to open your own online shop or decide to offer your services as an online tutor, we hope this post has helped you to realize that it’s possible to be a successful business owner without ever having to open your own physical store.
Running your own online business requires lots of digital marketing skills and perseverance. You’ll need to be able to balance your budget, understand how to scale your website, and ensure that customer service needs are always met.
Need additional help with all that?
Our blog has got you covered.
Keep reading our posts to learn more about how to register your company, develop a strong marketing strategy, and even how to keep track of your bookkeeping.
We’re all about setting you up on the road to long-term success.