In today’s fast-paced digital world, the allure of starting an online business has never been greater. The ability to work from anywhere, cater to a global audience and enjoy the flexibility of being your own boss are just a few of the many reasons aspiring entrepreneurs are exploring online ventures. However, with so many possibilities at your fingertips, choosing the right online business idea can feel like a daunting task.

Don’t fret, we’re here to help.

In this guide, we’ve compiled a list of 25 diverse online business ideas that cater to a variety of interests and skill sets. Whether you’re a seasoned professional looking to transition into the online space, or a budding entrepreneur looking for the perfect opportunity, these ideas will inspire you to take the leap and start building your ideal online business right away.

25 online business ideas that you can start today

Here are the 25 online business ideas that we’re going to cover:

1. Provide content editing.
2. Launch dropshipping business.
3. Develop an ecommerce store.
4. Produce podcasts.
5. Offer translation services.
6. Construct niche websites.
7. Revamp and update websites.
8. Sell handmade products.
9. Design a training program.
10. Create a YouTube channel.
11. Provide ghostwriting services.
12. Do voiceover work.
13. Stream videogames.
14. Sell 3D-printed items.
15. Offer social media management.
16. Become a freelancer.
17. Curate subscription box service.
18. Buy and sell domain names.
19. Provide accounting services.
20. Offer travel planning services.
21. Do resume writing.
22. Become a life coach.
23. Teach online classes.
24. Provide technical support.
25. Operate online community management.

Ready? Let’s go.

1. Provide content editing

With the rise of AI-generated content, the need for careful and thorough content editors continues to grow. 

• What it involves: Content editors spruce up content, fact-check, and give content suggestions, as well as correct grammar and punctuation. They also explain writing ideas in simple terms for non-writers.
• Skills needed: Writing, copy editing, and proofreading experience. Strong attention to detail.
• Equipment required: A computer and reliable internet connection.
• Possible earnings: A content editor earns an average of $26 per hour, with ranges of $21-38 per hour depending on location.

2. Launch dropshipping business

Dropshipping is a great way to get started in ecommerce without having to manage your own inventory. 

• What it involves: Dropshippers operate an online store, selling products without holding inventory or handling the shipping process. They partner with suppliers who fulfill orders on their behalf, allowing the dropshipper to focus on marketing and customer service.
• Skills needed: Ability to identify a profitable market segment. Create a strong marketing plan. Source reliable suppliers. Provide solid customer service.
• Equipment required: A computer, reliable internet connection and dropshipping website.
• Possible earnings: Depending on niche/market, dropshippers can make $1000-$3000 monthly.

Note: If you need a seamless way to accept payment online, GoDaddy Payments is a great tool.

3. Develop an ecommerce store

If you’d rather sell your own products instead of dropshipping, opening your own ecommerce store would be the next logical step.

• What it involves: Ecommerce store operators need to effectively manage their online platforms, manage product inventory, and ensure a seamless customer experience. Additionally, they must implement strategic marketing and customer service efforts to drive sales, build customer loyalty and maintain a strong online presence.
• Skills needed: Skilled in digital marketing, including SEO, email campaigns, and social media to promote their store. Web design and development skills. Ability to conduct product research and inventory management to identify profitable items and maintain accurate stock levels.
• Equipment required: A computer, reliable internet and an online store builder.
• Possible earnings: Earnings for ecommerce stores vary widely, but a 10% net profit is considered to be an average profit for ecommerce stores.

4. Produce podcasts

Podcasts continue to grow in popularity and, with a relatively low barrier to entry, the possibilities are numerous. 

• What it involves: Podcasters create and distribute episodic digital audio content, often focusing on specific topics or themes, engaging listeners through storytelling, interviews or discussions. They also manage the technical aspects of recording, editing and promoting their podcasts, building an audience and fostering a sense of community among their listeners.
• Skills needed: Strong communication and storytelling skills. The ability to engage and connect with their audience through compelling content. Must have technical proficiency in audio recording, editing, and publishing software. Marketing skills to promote their podcast.
• Equipment required: Quality microphone, headphones, recording software, camera (if doing video), computer, strong internet connection.
• Possible earnings: Depending on audience and monetization, podcasters can earn anywhere from $300-5000 per episode.

5. Offer translation services

Language translation is a specialized field, but is one that can be easily performed online. 

• What it involves: A language translator converts written text from one language to another, ensuring that the meaning, style and tone of the original content are accurately preserved.
• Skills needed: Possess a deep understanding of the source and target languages, as well as cultural nuances. Strong grasp of grammar and syntax. The ability to accurately convey meaning and tone.
• Equipment required: A computer and reliable internet connection.
• Possible earnings: A language translator can expect an average of $33 per hour, with ranges of $21 to $48 per hour.

6. Construct niche websites

Niche websites are websites intended to cater to a small segment of a large market by focusing on a specific interest.

• What it involves: A niche website developer designs and builds websites that target a specific audience with a shared interest in a particular subject. They create user-friendly and engaging content, ensuring the site’s layout and features effectively address the unique needs and preferences of the niche market.
• Skills needed: Strong web development skills. Keen understanding of user experience and interface design. Deep knowledge of the targeted niche market. Ability to create engaging, audience-specific content that resonates with users.
• Equipment required: A computer and reliable internet connection.
• Possible earnings: Web developers earn a median salary of $77,030 in the United States, with freelance web developers typically earning twice that.

7. Revamp and update websites

The internet has been around for a long while and older web technologies are rapidly becoming outdated. Offering web redesign services is a valuable online business idea.

• What it involves: This job is similar to the previous listing, but someone providing website update services will need to assess the current site’s layout, user interface and overall design to identify areas that require improvement or modernization. They will then create and implement a refreshed design that adheres to the latest web design trends and meets the specific goals and objectives of the website owner or business.
• Skills needed: Strong web development skills. Keen understanding of modern user experience and interface design. Ability to combine modern web design standards with the needs of the website owner. Detailed knowledge of how to bring old content up to current standards.
• Equipment required: A computer and reliable internet connection.
• Possible earnings: Earnings will vary widely based on skill level and the amount of work needed, but website update work is typically billed hourly at a rate of $18-25 per hour.

Note: Need a logo for an updated website? GoDaddy’s free logo maker has you covered.

8. Sell handmade products

If arts and crafts are your strong suit, then selling your crafts online can be a good way to bring in some extra money.

• What it involves: A crafter creates handmade items, such as jewelry, clothing, home decor, or artwork, by utilizing their artistic skills and various materials. They earn a living by selling these unique products through various channels, such as online shops and craft fairs.
• Skills needed: Strong digital marketing skills, including photography, search engine optimization (SEO) and social media management. Quality customer service. Skills either with web design or familiarity with marketplace platforms like Etsy, Amazon or Instagram Shopping.
• Equipment required: A computer, reliable internet connection, POS system (if also selling via craft fairs) and crafting materials specific to their specialty.
• Possible earnings: Earnings will vary widely by the type of craft being sold. Etsy sellers, for example, earn a median of $537 per month, but individual experiences will differ.

9. Design a training program

Online skills training courses remain a strong demand and, if you have extensive knowledge on a topic, you can turn that knowledge into an online business.

• What it involves: Virtual trainers design and deliver educational content through digital platforms, typically in a video or audio format. Typically done via a static online course that users pay to access, but can also be live.
• Skills needed: Strong communication skills to effectively train viewers on complex topics in an understandable way. Proficiency in using various online training tools and technologies. Excellent time management and organizational skills to plan lessons and create relevant training courses.
• Equipment required: A computer and a reliable internet connection, as well as access to a digital learning platform, such as Udemy or Skillshare.
• Possible earnings: What you can earn will vary based on how you choose to distribute your online classes, but online trainers can earn an average of $51,544 per year.

10. Create a YouTube channel

YouTube is a popular video-sharing platform that allows users to upload, view, rate, share and comment on a wide variety of user-generated content, ranging from entertainment and educational videos to music and live streams.

• What it involves: A YouTube creator produces, edits and uploads video content on the YouTube platform, often focusing on specific topics, interests or niches. YouTubers aim to grow their subscriber base, increase views and potentially earn revenue through ads, sponsorships or merchandising.
• Skills needed: Strong storytelling and communication skills to create engaging, relatable content that resonates with their target audience. Solid video editing and production skills. Keen understanding of social media and digital marketing strategies to promote their channel and grow their viewership.
• Equipment required: Quality video camera, studio lighting, microphone, editing software, a computer and a strong internet connection.
• Possible earnings: The average YouTube pay in 2022 was about $1,154 per week or $4,616 monthly. Creators earn about 55% of the revenue on their channels. For every $100 an advertiser pays, Google pays $55 to the creator.

11. Provide ghostwriting services

Self-publishing is exploding in popularity and, along with it, the demand for skilled ghostwriters has grown as well.

• What it involves: Ghostwriters create written content (articles, books, speeches, etc.) on behalf of another person, often without receiving public credit for their work. They collaborate closely with clients to ensure the final product reflects the desired tone and message.
• Skills needed: Impeccable writing skills, strong grammar, punctuation, and storytelling abilities. Ability to adapt to different writing styles and tones to accurately convey the client’s voice. Excellent research skills.
• Equipment required: A computer and a reliable internet connection.
• Possible earnings: Ghostwriters sometimes charge by the word or by service, but typically can expect between $35-$140 per hour.

12. Do voiceover work

For those with strong acting backgrounds, voiceover work and voice acting continues to be a solid work option. 

• What it involves: Voiceover artists provide the spoken narration or character voices for various media projects, such as commercials, films, video games, and animations. They use their vocal talents and acting skills to convey emotions and personality to a script.
• Skills needed: Exceptional vocal control and versatility to alter pitch, tone and accent. Strong acting skills. Good enunciation. Ability to interpret scripts and take direction.
• Equipment required: Quality microphone, headphones, recording software, camera (if doing video), computer, strong internet connection.
• Possible earnings: Earnings will vary based on the format and skill, most voice actors can expect to earn within the range of $13,500-87,499 per year.

13. Stream video games

Streaming video games started as a niche form of entertainment but continues to grow in popularity, especially around esports competitions and noteworthy personalities. 

• What it involves: Video game streamers broadcast themselves playing video games live on platforms like Twitch or YouTube Gaming, providing entertainment and commentary to their viewers. They engage with their audience through chat interactions and often monetize their content through donations, subscriptions, sponsorships and advertising revenue.
• Skills needed: Strong communication and entertainment skills, enabling them to captivate and engage their audience through commentary, humor, and personality. Solid understanding of the streaming platforms. Technical expertise for troubleshooting issues. Social media savvy to promote their channel and build a loyal community.
• Equipment required: Quality microphone, headphones, streaming software, camera, a computer able to handle simultaneous gaming and streaming, and a strong internet connection.
• Possible earnings: Video game streaming has a wide variance in earnings, with smaller streamers earning $50 and $1500 per month and medium to large channels earning $3000-6000 per month.

14. Sell 3D-printed items

3D printers are becoming increasingly accessible to the public, allowing owners to create custom 3-dimensional products. 

• What it involves: A 3D printer crafter designs and creates unique objects, such as figurines, sculptures, or functional items, using 3D modeling software and a 3D printer. They may sell their creations online or at craft fairs, or provide custom 3D printing services to clients seeking personalized designs and products.
• Skills needed: Proficiency in 3D modeling software to design and prepare digital files for printing. Thorough understanding of 3D printer operation, maintenance, and materials. Strong entrepreneurial skills, including marketing and customer service.
• Equipment required: Quality 3D printer, 3D modeling software, print materials, POS system (if selling at trade shows) and a computer.
• Possible earnings: Similar to handcrafted goods, the earnings will vary widely for 3D printer designers and crafters. Given the time required to both design and print the items, most crafters will charge hourly, from $10-50 per hour.

15. Offer social media management

Social media is a must for businesses these days, but managing a business across multiple platforms is extremely time-consuming. And so, the demand for social media management continues to grow. 

• What it involves: A social media manager is responsible for creating, curating and managing content across various social media platforms to enhance a brand’s online presence and engage with its audience. They also analyze performance metrics and develop strategies based on those metrics to increase engagement for the brand.
• Skills needed: Strong communication and writing skills to create compelling content that resonates with the target audience. Deep understanding of each social media platform’s algorithms and best practices. Highly organized, creative and analytical, with the ability to multitask and adapt to the ever-changing digital landscape.
• Equipment required: A computer and a reliable internet connection.
• Possible earnings: The average salary for a social media manager is $70,287.

Note: Interested in creating videos for social media? GoDaddy’s online video editor can help you out.

16. Become a freelancer

If you’re more of a generalist, jack-of-all-trades type of person, then general freelancing can be a diverse and interesting option. 

• What it involves: A general freelancer offers their expertise and skills in various fields such as writing, graphic design, web development, or marketing on a project-based or contractual basis, allowing them to work with multiple clients simultaneously.
• Skills needed: Excellent time management and organizational skills to handle multiple projects and meet deadlines. Exceptional communication abilities to build rapport with clients and understand their requirements. Self-motivated, adaptable and continuously focused on developing their expertise in their specific field to stay competitive and relevant in the ever-evolving market.
• Equipment required: A computer and a reliable internet connection.
• Possible earnings: Due to the variance in work needed, the earnings will vary, but freelancers generally make an average of $30-40 per hour.

17. Curate subscription box service

Subscription box services have flourished in recent years and are increasingly expanding their reach into more niche markets. 

• What it involves: Creating a subscription box service involves carefully curating and sourcing unique, high-quality products tailored to a specific niche, and designing an appealing and functional packaging that reflects your brand identity. Additionally, you would need to develop a robust marketing strategy, manage inventory and logistics, establish pricing and billing structures, and provide excellent customer service to maintain subscriber satisfaction and retention.
• Skills needed: Project management and organizational skills to oversee product quality and sourcing. Creative and strategic thinking abilities to curate appealing boxes. Excellent customer service and relationship-building skills to foster loyalty and ensure subscriber satisfaction.
• Equipment required: A computer and a reliable internet connection.
• Possible earnings: Subscription boxes tend to generate a gross profit of between 40% and 60% due to the low cost of goods and recurring renewals.

Note: Your subscription box service will need a website. Create a website using GoDaddy’s Website Builder.

18. Buy and sell domain names

If you’re unfamiliar with this particular field, domain investing, also known as domain flipping or domain trading, is the practice of buying domain names to hold onto them or improve their value and later selling them at a profit. 

• What it involves: A domain investor strategically identifies and registers potentially valuable domain names, anticipating future demand for these web addresses based on trends, keywords or industry relevance. They then hold onto or improve the domains and eventually sell them at a higher price to interested parties, generating profit from the increased value of the domain names.
• Skills needed: Superb analytical skills to identify valuable and potentially profitable domain names. Excellent negotiation and marketing abilities to sell or lease those domains at the best possible price. Deep understanding of market trends and consumer behavior within the digital landscape to make informed decisions and maximize their investment returns.
• Equipment required: A computer and a reliable internet connection.
• Possible earnings: New domain investors typically start small, earning around $100-$2000 per month.

19. Provide accounting services

Are you an accountant by trade and want to be your own boss? Freelance accounting would be a great fit. 

• What it involves: A freelance accountant provides professional accounting services to clients on an individual or contractual basis, without being tied to a single employer or company. Their responsibilities may include financial reporting, tax preparation, bookkeeping and financial analysis, allowing businesses and individuals to maintain accurate financial records and make informed financial decisions.
• Skills needed: Exemplary analytical and organizational skills to accurately maintain and analyze financial records. Understanding of accounting principles, tax regulations and financial management. Excellent communication and interpersonal skills to effectively convey financial information and advice to clients, and adapt to the varying needs of different businesses and industries. CPA license will also likely be required.
• Equipment required: A computer and a reliable internet connection.
• Possible earnings: Freelance accountants tend to make around $35 per hour.

20. Offer travel planning services

Travel is booming in 2023 and more travel planners are a necessity. If you’re a seasoned traveler, why not offer travel planning services?

• What it involves: Travel planners, also known as travel agents or travel consultants, assist clients in planning, organizing, and booking various aspects of their trips, including transportation, accommodations and activities. They leverage their expertise in the travel industry and destination knowledge to create personalized itineraries, provide travel advice and ensure a seamless and enjoyable travel experience for their clients.
• Skills needed: Organizational and multitasking skills to manage multiple clients and bookings simultaneously. Strong attention to detail to ensure all trip components are arranged accurately and efficiently. Exceptional interpersonal and communication skills to build rapport with clients, understand their travel preferences and effectively convey relevant information and recommendations.
• Equipment required: A computer and a reliable internet connection.
• Possible earnings: Freelance travel planners typically make an average of $62,439 per year.

21. Do resume writing

As the economy continues to shift through this year, resume review services are in high demand and are likely to stay that way for a long while.

• What it involves: A freelance resume writer specializes in crafting, editing and optimizing resumes for clients to effectively showcase their skills and achievements in a compelling manner. They work closely with clients to understand their career goals, tailor their resumes for specific industries or job opportunities, and provide guidance on best practices for resume writing and formatting to increase the likelihood of securing job interviews.
• Skills needed: Strong writing and editing skills to accurately and creatively present a client’s professional background. Deep understanding of current recruitment trends and hiring practices to ensure the resume aligns with industry expectations. Excellent communication and interpersonal skills to effectively collaborate with clients, gather relevant information and provide constructive feedback throughout the resume development process.
• Equipment required: A computer and a reliable internet connection.
• Possible earnings: Most resume writers charge a flat rate per resume, with the average currently being about $200.

22. Become a life coach

If your strength is motivating others, the coaching field is in-demand and likely a perfect match for your skills.

• What it involves: A life coach is a professional who helps individuals identify their personal and professional goals, overcome obstacles and develop strategies to improve various aspects of their lives. Through guidance and support, life coaches assist clients in building self-awareness, fostering personal growth and achieving desired outcomes in areas such as relationships, career, health and overall well-being.
• Skills needed: Active listening and communication skills to understand their clients’ needs, challenges and aspirations, while providing thoughtful feedback and guidance. Excellent interpersonal and empathetic abilities to establish trust and foster a supportive environment.
• Equipment required: A computer, a web camera for remote sessions and a reliable internet connection.
• Possible earnings: Coaches currently earn a median income of $60,510 per year.

Note: It’s a good idea to keep your personal and professional phone numbers separate to accommodate clients. Get a second phone number to use for your coaching business to separate it from your personal one.

23. Teach online classes

Teachers and skilled tutors are always in demand, so if you have a passion for helping others learn, consider teaching live courses online. 

• What it involves: An online teacher delivers educational instruction and support to students through virtual platforms, utilizing digital tools and resources to facilitate learning and engagement. They create lesson plans, assess student progress, provide feedback and adapt their teaching methods to accommodate different learning styles and needs in a remote setting.
• Skills needed: Strong communication and presentation skills to effectively convey information and concepts through digital mediums. Ability to utilize technology and online teaching tools to enhance the learning experience. Excellent time management, organization, and adaptability skills to meet the unique challenges and demands of virtual education.
• Equipment required: A computer, a web camera for remote sessions and a reliable internet connection.
• Possible earnings: Teachers typically make $48,033 per year.

24. Provide technical support

As long as technology continues to grow and develop, there will be a need for technical support. 

• What it involves: Freelance technical support professionals provide remote assistance and troubleshooting services for clients experiencing issues with their hardware, software or network systems. They diagnose and resolve technical problems, offer guidance on best practices and may also assist in system maintenance, updates, and configurations to ensure optimal performance and user satisfaction.
• Skills needed: Advanced problem-solving and analytical skills to efficiently diagnose and resolve a wide range of technical issues, as well as in-depth knowledge of various hardware, software and network systems. Strong communication and customer service skills to effectively interact with clients, explain complex technical concepts in layman’s terms and provide clear guidance and support.
• Equipment required: A computer and a reliable internet connection.
• Possible earnings: The pay will vary on the specialty and technical skill level, but freelance technical support engineers are paid an average annual salary of $99,686.

If you’re outgoing and enjoy listening to multiple points of view on topics, then a community manager role could be for you. 

• What it involves: An online community manager is responsible for overseeing, engaging with, and growing an online community on behalf of a brand, organization or client. Their duties typically include creating and curating content, moderating discussions, responding to community members’ questions and concerns, monitoring community sentiment and implementing strategies to foster a positive and active community environment, all while working remotely.
• Skills needed: Excellent communication and interpersonal skills to effectively engage with diverse community members, address their concerns and foster a sense of belonging within the community. Organizational skills and a keen understanding of social media platforms, analytics and content creation to strategically manage and grow the online community in alignment with the brand or organization’s goals.
• Equipment required: A computer and a reliable internet connection.
• Possible earnings: Depending on the company size and skills required, the earnings can vary, but the US average salary is $60,172.

Tips for starting an online business

Starting an online business can be both an exhilarating and challenging endeavor. If you’re interested in getting started, here are some quick tips to get you rolling:

• Choose a business idea based on passion and knowledge
• Identify a niche with gaps in the marketplace
• Conduct market research and competitive analysis
• Familiarize yourself with relevant laws and regulations
• Obtain a federal employer identification number (FEIN)
• Decide on a suitable legal structure
• Insure your business
• Select appropriate software for your business venture
• Develop a comprehensive marketing strategy

By following these steps, you will be well on your way to establishing a thriving online business.

Conclusion

As this list of online business ideas shows, 2023 offers a wealth of opportunities for aspiring entrepreneurs to establish successful online businesses. There’s something for everyone, with a wide range of professional interests and skill sets.

By identifying the right niche, honing the necessary skills and leveraging the power of the internet, you too can build a thriving online business and enjoy the flexibility and freedom that come with it.

If you’re looking for a new business to start, here are five small businesses that could be profitable in 2023.

What is a Small Business?

Before you start your new business, it’s important to understand what a small business is. A small business is any type of company that has fewer than 100 employees and less than $5 million in sales. This includes sole proprietorships and partnerships, as well as corporations with fewer than 100 stockholders (or shareholders).

A small business also must be incorporated or organized under state law and meet certain minimum requirements for size–that means it must have at least one employee who makes at least $5,000 per year or has an ownership stake of 50% or more in their corporation (if they are a single person).

If you want to learn more, you may continue reading on why you should start a small business or check out the top 5 small businesses we recommend you check out and maybe even start.

1. Dryer Vent Cleaning

Dryer vent cleaning is a service that can be provided by small businesses, and there are many different ways you can go about it. The best way to start your own dryer vent cleaning business is to find an established company that already offers this service in your area, or consider joining one that does.

If you decide on starting your own venture, keep these tips in mind:

• Know what kind of equipment and supplies are needed for the job; this will help ensure customers get their money’s worth when using your services!
• Make sure all workers follow safety rules at all times; accidents happen fast when working around electricity!

2. Plumbing Repair

Plumbing repairs are a great business for someone with a background in the trade. If you have skills and experience that can help people save money on their plumbing bills, this is a perfect way to start your own company.

If you’re looking for an easy way to make money, then plumbing repairs could be just what you need! There’s no need for expensive equipment or complicated procedures; all that’s required is some basic knowledge of how things work under the sink (or outside).

Plumbing repair jobs are typically low-paying jobs due to their simplicity, but they allow people who don’t have any experience in this field yet to access opportunities without having to invest too much upfront capital into starting up something new like opening a restaurant or storefront shop, where they would need more initial funds before seeing profits come back through sales revenue generated during the opening period (which usually lasts around six months).

3. Window Tinting

Window tinting is a great way to earn money. It’s easy to start, and it doesn’t require much investment at all. You can get started with a small investment, sell window tinting services to people who need it, and learn how to do it yourself with training or online videos.

Window tints are an excellent way for you to earn an income while staying home during work hours or even just watching TV in the evening after work! You don’t need any fancy equipment or skills; just some privacy film on your windows will give your business plenty of potential customers!

4. Commercial Roofing

Commercial roofing is a growing industry. The market for commercial roofing services was estimated at $35 billion in 2016, and that figure is expected to grow by 26% annually through 2023.

Commercial roofs are important to building owners because they provide protection against water damage, prevent leaks from occurring during storms or heavy rain (if the roof has been properly installed), and help maintain your property’s appearance. However, installing a new commercial roof can be expensive–upwards of $15 per square foot (or $1 million per acre). Plus, you have to factor in all the other costs associated with having one installed: labor costs; materials such as asphalt shingles or metal panels; structural engineering calculations required by state agencies if there are issues with the existing structure’s integrity; etcetera!

5. General Contractor Services

A general contractor is a person who specializes in the construction and renovation of buildings. They may also be involved with other aspects of the construction industry, including planning and design.

General contractors often work on their own or as part of a team, but they can be hired by larger companies as well. The majority of general contractors work on commercial projects such as office buildings, hotels, and restaurants. In addition to these types of projects, there are many other types that require skilled workers: schools, hospitals/physicians’ offices (like doctors’ offices), retail stores (like grocery stores), office buildings; even stadiums and arenas!

There are many benefits associated with being a general contractor, such as:

1. You get paid for completing projects faster than if you were working independently;
2. You have more control over what happens during construction;
3. You get paid even when no work has been completed yet because most contracts will include payment upon completion;
4. It’s easier than ever before because technology has made things easier than ever before, which means less stress during stressful times;
5. It’s fun!

There are Many Ways to Start a New Business

There are many ways to start a new business. You can do it from home, part-time, or with a partner or friend. You can also do it alone or with family members (in some cases).

There are many different ways that you could start your own business at this time in history. Whatever path you choose will depend on what kind of company you want to create and how much capital is available for investment in this venture.

Conclusion

You’ve decided it’s time to start your own business. You may be starting a new venture, or perhaps you’re expanding upon an existing idea. Whatever the case may be, there are many ways to start a new company.

With an increase in interest, companies are beginning to launch new apps to help gain more revenue and customer retention. But how can you make money with your new app?

Influencer Marketing

Influencers are people on social media that have a dedicated following. They are usually experts in their niche and are therefore a great way to reach a specific audience. With influencer marketing for apps, you can increase brand awareness, achieve long-term partnerships, reach your target audience easily and get more users. All this leads to one thing – making money.

Working with an influencer during the launch of your new app can help to build the hype and get people excited about your business. Whether you launch your influencer marketing campaign during pre-launch promotion, app launch or post-launch promotions, there are benefits to each stage.

If you do your research, set your budget and choose the right influencer for your niche, influencer marketing can be a strong strategy for making money with your new app.

Ads

The most common (and easiest) way to monetise your new app is through in-app advertising. Displaying ads within your app is simple and can mean you get paid from third-party ad networks. This usually only happens when a user clicks on the ad or installs the advertised app, but some networks also pay per impression! There are 4 types of ads that can be displayed by your app:

• Interstitial ads – full-screen pop-ups that are displayed at different times, such as after clicking certain buttons
• Banner ads – displayed at different sizes at the top or bottom of the app screen
• In-app video ads – automatically displayed and used as a reward for the user to gain additional features in the app
• Native ads – integrated to appear as natural elements in the app to promote a product or app

Although ads are a great way to make money through your app, it’s worth noting that this model is only effective with apps that have a large pull of users. For smaller apps, other models may be more suitable.

Subscriptions

By implementing subscription and upgrade models to your app, you can increase the amount of money you make from it. A subscription is great for recurring revenue and is therefore considered the finest and most useful app monetising strategy.

As part of the subscription model, you can choose to offer free content in the app for a limited time, or offer a limited amount of free content before allowing users to pay a subscription fee to gain full access to the app content.

Subscription models are a great way to make money with your new app. It results in more reliable income and more engaged audiences. The Apple store even rewards the app with a higher revenue split to keep the customers for a longer period of time! However, it’s crucial to note that a free trial period is a must and continuously innovating features and content for app users is important to boost the revenue of your subscription-based users.

In-App Purchases

Generally popular for game publishers, in-app purchases are great for making money with your new app. This model allows your users to get a variety of popular in-app purchases in a game, music, movies or other digital goods directly from the app which, in turn, enhances user experience or gameplay. However, in-app purchases aren’t to be used to sell physical goods.

Implementing an in-app purchases model is an interesting way of converting non-paying app users into paying app users without the intrusive commitment of a subscription. Though because of this, you have to keep your users hooked so that they keep paying!

Sponsorships

Although less commonly used than other monetisation methods, sponsorships are a great strategy for making money through your app. With the right app for a targeted niche, sponsorships can be a powerful model.

App sponsorships are more exclusive than other advertisements as they are less random than your usual banner ads. Instead, sponsors may be interested in exchanging payment for a prominent place to promote their business on your app. It’s worth noting that a key enabler of a sponsorship model is the analytics data. To get an app sponsorship, you must be prepared with solid data to sell the value of your potential sponsor using fact-based results.

Luckily, in a world where tech is at the forefront of a lot of industries, it’s easier than ever to go your own way. You don’t need a premises to open a shop, just the products and a website. You don’t need an office space to be a secretary, just a reliable Wi-Fi connection. You don’t need to move to LA to make music friends, just your home set up.

As the saying goes, restrictions breed creativity, which was proven in the lockdowns. A lot of good ideas came about, and the best stuck. We’re running down a few ideas that could prompt you to get out there on your own and make something of yourself. Read on for all the details of the best industry ideas that came out of lockdown.

Influencer

Don’t scoff. Depending on how you do it, there is a lot of skill and a lot of money in influencing. It’s likely that you are only seeing one side of things, which is usually a well-lit photo of a coffee cup taken in the golden hour. But what if I told you that a lot of skills – creative and business – went into taking that shot. It might feature a product placement for a coffee company, it might be used as a networking opportunity to catch the eye of a brand or generate buzz. It might simply be used to market their own business.

And then there is the content itself, which encompasses everything from capture to edit. Filming, photography, editing, music, graphic design, and presentational skills are all part of making quality content. There are a lot of transferable skills in both.

You can use influencing to market your own business, or even start your own affiliate blog, which serves as a site where you can showcase your favourite items for commission. A couple of hours’ worth of work a week can gain you a full-time employment salary.

Either way, getting the basics of the role of an influencer down will ensure that you can market just about anything else on your agenda, such as…

Hospitality

The hospitality industry had to go through a lot of changes through lockdown. Closing entirely soon gave way to take-out services, which eventually gave way to social distanced dining, but in that time, a lot of new ideas hit the table on how the food service industry could shake things up.

The most common idea was food through a window. A collection/delivery service where restaurants and cafes couldn’t serve food inside their premises so instead handed them over through a window. When things opened up again, the idea stuck. The roads are full of delivery drivers and cyclists for everything from the mom-and-pop café to the nearest fast-food supplier. It means less of premises and therefore less rent, or you can even do it directly from your home kitchen, making the gap between beginner and business a lot closer.

And then there is the idea of food trucks. You’d be surprised how much a food truck is making during the lunch hour alone. There was a class bias there once, where a food truck meant low quality, “junk” food, but street food is on the rise. It’s usually very high quality, tastes like nothing you’ve tried before since they don’t have to convince investors the masses will eat it, and they go wherever is most popular in the moment. You’ll see food trucks at the park, at festivals, outside clubs, etc. It’s also appealing to the customer because it’s usually more affordable. If you’re worried about menu pricing, take a look at this guide.

Freelancer

When the doors to offices started opening up again, the response was a resounding, “Do we have to?” Middle managers were surprised to find that employees all around the world where in fact enjoying working from home. There was more freedom, whether to work around external obligations like childcare or an exercise regime, or to simply stop for five minutes for a breather without worrying that your boss thinks your slacking off. And we’d be remised to mention that workers were reporting getting more work done at their own pace, because we know managers love productivity.

So, it only makes sense that, while working from home, some employees started wondering why they needed the middleman at all, and suddenly freelance became a viable option again. You can work at your own pace, avoiding all the money spending and polluting that comes with commuting, and be your own boss on top of that.

And it’s easy to apply a freelancing role to almost any skillset. To start, take a look at the role you’re in at the moment. If you can do it from a computer, is there anything stopping you doing it for yourself rather than a company? Think about applying a freelance position to the role you have for an easy transition.

However, if you’re trying to get out of the job, you’re in, there are a lot of options there too. It’s all about matching your skillset to the right freelance job. If you have skills in numbers, you can look into accounting. If you’re handy, you can get a van and get into trades like plumbing, carpentry, DIY, etc. If you have organizational skills, you can look into being a personal assistant to various clients. If you have writing skills you can look into ghost writing, copywriting, journalism, etc.

Teacher

And there is another option if you have all these skills that you can use: teaching. Teaching comes in many capacities. The traditional means of teaching in a school takes a lot of education and internships before you are there in the room, but lockdown has unveiled a lot of ways it can be easier.

If that doesn’t appeal to you, you can use the best lesson of business life in lockdown: use video calls. Sure, traditional teachers and lecturers had to adapt to Zoom, and some didn’t do well there, but you’ve been using Zoom for at least a couple of years now, and you can use it to teach all around the world. Get hired as a personal tutor or put university study groups together to give more personal tutoring to those who are willing to pay for a helping hand.

And, going back to the influencer’s …influence, a lot of online courses are popping up on big social media accounts. You can record a curriculum of your chosen topic and sell access to it for anyone who is interested.

The best part about this is that you can sell courses on just about anything, be it fitness regimes, makeup tutorials, cooking, DIY, or university subjects like social sciences and literature analysis.

If you can market yourself as a reliable source in your field of study, you can record everything you know in some simple, easy to digest content, and put it behind a paywall like Patreon.