It’s no secret that money is tight for many people. In fact, according to a recent survey, 78% of Americans said they live paycheck to paycheck.
So it’s not surprising that more and more people are looking for ways to make money online.
But starting an online business can be challenging. There are many things to consider, and it can be difficult to know where to start. That’s why we’ve put together this list of 20 profitable online businesses you can start today.
Each business model has its advantages and disadvantages, so read through them before choosing the right one. Let’s get started.
What and How Do You Want to Sell Online?
You have four popular options to choose from when it comes to selling online. They are:
- Side Hustles
- Affiliate marketing
We’ll go through each option in more detail below, but first, let’s quickly answer the question, “what can I sell online?”
This is a great question; the answer will depend on which of the four online business models you choose.
Ecommerce: If you want to sell physical products, then e-commerce is the way to go. You can sell pretty much anything through an online store, including clothes, jewelry, books, furniture, and more.
Print-on-Demand: This is an excellent option if you want to sell physical products but don’t want to deal with the hassle of shipping and inventory. With print-on-demand, you can sell items such as t-shirts, hats, mugs, and more without worrying about stocking or shipping products.
Side Hustles: A side hustle is a great way to make money online without committing to a full-time business. There are many side hustles, such as freelancing, consulting, and more.
Affiliate Marketing: Affiliate marketing is performance-based marketing in which a business rewards an affiliate for each visitor or customer brought to the site by the affiliate’s marketing efforts.
Now that you know the different types of online businesses, let’s take a closer look at each.
Best Products to Sell In an Ecommerce Store
This is the most traditional way of selling online. You create an online store and stock it with products you source from suppliers. Customers come to your store and purchase items, which you then ship.
When it comes to ecommerce stores, there are a few things you need to take into account before you decide what products to sell:
- Think about what you’re good at and know a lot about.