Best online businesses to start this year..
If you are looking for the best profitable online business you can do in Kenya to earn some decent income online. Then this post is for you…continue reading.
It is quite understandable that you are either looking for ways to earn an income online or make more money by having a profitable side hustle business.
And I am happy to let you know that you’ve just come to the right place to discover that.
Kindly note that starting a profitable long-term online business requires some efforts to learn and implementation to get results.
So if you think this is going to be a business that will make you some millions in a blink of an eye with no effort put in place, then I am so sorry to disappoint you.
These are not the kind of businesses you will find here.
What Are The Basic Requirement to Start A Profitable Online Businesses?
You’ll need 5 basic requirements / tools.
- A laptop / smartphone.
- Internet access.
- The skills needed (you learn it).
- Some capital (where necessary).
- And consistency.
Now let us dive into the main business which is…
What are the Best 5 Online Businesses To Start In 2020
Blogging is one of the best profitable online business with no doubt about that.
Yet, majority of people always don’t want to even hear the word “blogging”. It turns them off but the truth remains valid that it is profitable when treated like a business.
Of course, blogging is not for the lazy folks but to be honest, it is quite fun, enjoyable dishing out valuable contents at your area of expertise or on what you are passionate about and still earn through it.
You can make money in any niche so far it can be monetized at the long run.
A profitable niche gives you a good opportunity to sell something or to recommend a product (either digital or handy in nature) that your readers can buy.
You don’t have to be that perfect kind or a PRO to start a profitable blog of your own. What matters most is your uniqueness which is your voice and opinion put together on your blog (these are your selling point).
It can be on advice, sport, gadgets, technology, cooking, travelling, tutorial kind off (how-tos), skill or expertize, etc..
Whatsoever the idea could be, you can create a nice simple blog around it.
Another quick & smart way of making money with a blog is to create a product review / affiliate blog.
I have fully prepared definitive information and resources that anyone can use to start a profitable blog without taking forever to earn decent income online with it.
START AN ONLINE COURSE
Are you skilled or so knowledgeable about a topic, this is the perfect time to make good money from it. Aside from having a blog around your ideas or skills.
You can also start a premium course on a platform like Udemy to share your knowledge and reach out to millions of student across the globe.
Udemy is an online learning and teaching marketplace with over 45,000 courses available to learn almost anything you want to learn online. Start your own online course today and make a decent income through this learning and teaching platform.
Sign up with Udemy and list your course on their marketplace, and once your course is live, students will be able to discover and purchase your course and you make money every time a student purchases your course.
START UP A YOUTUBE CHANNEL
Can you look straight in front of a camera with no shaking or have some awesome information you wanna share or teach the world in form of a video?
YouTube vlogging is something you might consider checking out to get your stuff out there and get good returns from it.
According to Similarweb, Youtube is the third most visited websites in the whole world, so make good use of it. It is 100% FREE to start.
One of the common ways to make yourself daily income is by monetizing your YT channel with their ad program. You’ll be approved once you have attained 10k views on your channel.
Want to know more about Youtube monetization, read more about it here.
To Set Up Your Youtube Channel
The first thing to do is to create yourself either a personal or business channel depending on your choice. This is very easy to do and with just a couple of clicks, you should be ready to set up your new channel.
E-commerce is regarded as the buying and selling of products or services by businesses and consumers through an electronic medium without involving any paper works.
It is widely considered as the buying and selling of products and services over the internet.
This is not so new as you might have heard about buying items abroad from places like China, USA, etc at a very cheap prices and resell down here in Nigeria for high prices.
This is a very lucrative online business which I strongly recommend you to look into. The profit margin is huge as it can get you up to 1000% ROI (Return on Investment) if done right.
Retail sales from shopping online are predicted to grow to over 370 billion in 2017 and by 2020 projected to grow to $4 Trillion. There is more money to make here my friend.
What I so much loved about this smart eCommerce business is the huge profit margin power and It could be regarded as a low to zero risk to start up.
You practically do not need a physical store, or a business name to start it.
One most important factor of success in this business is hot-cake products and marketing.
So you must learn how to spot hot-in-demand products and how to market your product rightly.
Recently I shared the step by step smart process I practically use for my readers.
This is a definitive guide to start a profitable Ecommerce business in Nigeria for anyone serious who want to start this business from scratch and be profitable at it.
I gave this out as my XMAS gift to all my ICA readers. Consider this as my personal gift to you too.
Now let’s move on with no 1 business model on the list which is….
SELL OTHER PEOPLE’S PRODUCT
In other words, this is popular known as Affiliate Marketing.
This is a smart kind of business model that involves selling other people’s products or services and earn your own commission on every valid sale you generate.
Honestly, this is one of my favorite business model till today that has the power to earn you fast income without the stress of creating your own product.
Your work is to recommend products to the rightful people and you earn on every sale generated.
The best kind of products I suggest you pay more attention to are digital products like ebooks, online courses, video trainings, memberships, etc…
…The reason is because the commissions are instant. You get paid once the product is delivered electronically to the end users..
..Unlike physical products that needs physical delivery which might take several days to get delivered to the end users or might even get denied at times at point of delivery.
There is no point starting all of them or do them at once. This is beginning of failure already. What I suggest you do is to pick just one and work on it and once you have mastered it and it is given you result, you can now add more to your list.
Few things to take note of:
Please don’t try to implement all businesses at once. Master one thing at a time.
Also remember that by solving problem is what brings the money. By helping others solve a problem, you get rewarded.
On the aspect of learning and implementation. Don’t just acquire this information alone but act on what you have learnt. And you don’t have to wait till you become perfect till you begin.
I have added helpful resources and links to follow on each business model for you.
I hoped you have discover some top profitable online business ideas you can start today? And hopefully, you will start working on them asap.
I’ll love to hear back from you, what’s your thought on this article? Do you have questions or have something valuable to share? Please use the comment section below. I’ll love to know.
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All the best!