The Internet has literally changed the way we look at things. It is a fact that it has brought the world closer and made it technologically advanced. But, it does not stop here.
Today, you can earn a living by just doing a little on the internet. Online businesses are on an all-time high and it is a wonderful chance to take the plunge.
If you are looking for online business ideas that can earn you good profits in 2021, you have landed at the right place! Here is a list of online businesses that will sure-shot be profitable in 2021.
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Online Businesses That Will Profit You in 2021
1. Training and Coaching Programs
Did you ever realize that what you studied in your college may not be helpful in taking your career to new heights? Most people have understood this.
That is why these days there are many specialized online courses that offer training in different domains. It can be a degree course, training on photography, marketing lessons, and even personal development lessons.
Looking at the current trends and demand for trainers, people have started gaining expertise in a specific field. And, later they offer online training.
For example, consider yourself to have a good hold on website creation. In this case, you can either
create a course showcasing step-by-step instructions on how to create a website,
or, become a coach and offer hand-held training.
The e-learning industry is thriving and you can also think of setting up an online training business.
There are so many platforms that host the courses. You can simply log on there and upload your training videos. A few examples are Udemy, Coursera, and Alison.
Apart from your ability to train, there is another aspect that has to be considered. It is the marketing and branding of your course.
With proper marketing, your new venture can scale to new heights. You can give special offers and grab the attention of your target audience by creating free content on social media.
2. Sale of Digital Products
Another online business that will help you earn a profit is the sale of digital products. Now, these can be ebooks, audios, songs (music), themes, software, plugins, and many such products.
But prior to jumping onto the bandwagon, it is important that you carry out extensive market research. Make a note of your potential contenders. It is only after a thorough study that you should think of creating a digital product.
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With the rapidly changing times, the needs of people are changing. And, if you are able to create a product that resolves a problem, there is nothing like it!
However, to sell your product, you would need to market it properly. And for that, there is a need for a systematic marketing strategy.
3. Blogging
Blogging is a great opportunity for those who are passionate about a particular topic and can write volumes on it. You need to choose a niche that is close to your heart. A little effort from your end is needed to get started.
Apart from the text, your blog can have links to other famous sites, videos, and pictures. The content has to be original and should appeal to the masses or at least to the target audience.
You can have how-to’s, tutorials, tips, reviews, and much more. Make sure you post content regularly and have satisfying traffic to your blog.
To grab the attention of your audience, you would need to have fresh ideas and your content should speak up for itself. You can earn by placing ads and affiliate links.
For example, you can embed Google AdSense and BlogAds code to your content. This will start showing auto-set ads to your blog visitors. Also, these ads help you earn revenue with every click i.e. whenever a person clicks on the ad on your blog, you earn money.
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Apart from advertising, you can choose affiliate marketing. It is a method where you promote products created by someone else on your website.
What you do is, add the product links to your posts. And, when the readers click on it, they are taken to the main product page. Now, if they make a purchase from that site, you will make a percentage commission.
It is quite easy for you to add an affiliate link when you write product reviews on your blog.
4. Dropshipping
The dropshipping business model has been a profitable business in 2019 and will continue to thrive in 2021. A dropshipping businessis all about getting an order fulfilled by a third-party supplier without having to maintain a stock inventory.
When a customer places an order at your e-store, you link it with the 3rd party supplier who ships the product directly to the customer. Your profit is the difference between what the customer pays you and what the supplier charges you.
The biggest benefit of having a dropshipping business is that the investment is very low. All you have to focus on is the advertising and marketing part.
In simpler terms, you have to get a customer and make the person place an order. The rest will be handled by your hired supplier. The operating cost of this business is very low and you can have a larger range of products on your online store.
However, the drop-shipper you choose has to be reliable and prompt with the product delivery. Late shipping or poor product quality can tarnish the reputation of your e-store as you are the one who is dealing with the customer.
Additionally, this market has a lot of competitors which is one reason why you have to lower your margins. If you are looking for a serious profit, you have to do this in huge volumes.
Another way to stand out in the crowd is by giving a private label to the products the manufacturer creates. This is because people choose branded products over generic ones.
Make sure that you leave no stone unturned to let your business grow.
5. Amazon FBA Business
Amazon FBA has been around for quite some time now and has been a sought-after business option. FBA stands for ‘Fulfilled by Amazon’. The concept is clear, you have to buy products from wholesalers at a low rate and list them on Amazon for a higher price.
You have to label products and ship them to Amazon fulfillment centers which are actually warehouses managed by Amazon. It is at these fulfillment centers that the packaging and shipping of the products are taken care of.
Basically, with Amazon FBA, you are outsourcing the task of inventory management. And, it is a great business idea for those who are interested in earning a passive income.
While Amazon takes care of inventory, shipping, and returns, you will have a lot of time to focus on the marketing and advertising of your products.
There is a huge demand for social media management experts currently. Unlike internet marketing experts who simply bring traffic to a website, social media managers help in developing an online community for a product or service.
Additionally, they handle the brand image and offer customer service. As a social media manager, you will have to possess a complete understanding of social media and how different posts work for each social network.
Along with that, there is a need for a complete knowledge of the brand and the capability to bring it into the market. You can actually excel as a social media manager when you possess these abilities.
7. Affiliate Marketing
Affiliate marketing has been in the online business for a long and is quite a viable option for earning a passive income. However, like every business, you need a plan and continuous management.
As mentioned already, as an affiliate marketer, you promote the products and services of another company. And, they pay you a commission for the leads you generate or the sales you make for them.
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Affiliate marketing business is great as you are not involved in the manufacturing of products and neither in the shipping process. You only have to promote products and services on your website and get a maximum number of visitors to click on your link and make a purchase.
Becoming an SEO consultant is a pretty profitable option for you. If you are aware of how search engines work and possess the technical knowledge needed SEO is a sure-shot winner.
Most businesses fail to recognize the importance of SEO (Search Engine Optimization) for their growth.
You can choose to offer online consulting to help companies in taking their business to another level.
All you need is to convince the company why should they hire an SEO consultant. Audit their business website and prepare a small report initially with basic changes required.
And, once they show a positive response, educate them. Showcase the benefits of analytics data and strategic keywords to increase organic traffic to their website.
However, what you must keep in mind is that you need to keep updating your SEO knowledge from time to time. For the past few years, Google has been updating its algorithm to improve user search and experience.
I hope you find the list of top 8 online businesses that could profit you in 2021 helpful. If you feel any one of those to be your cup of tea, go ahead and get started! Good Luck 🙂