Top Online Business Ideas-Great ventures for higher income

Amazon FBA

Fulfilled by Amazon, or Amazon FBA is a marketplace that allows you access to one of the largest global platforms. Essentially, you’ll be selling products on the Amazon store. 

If you have a line of products that could be popular or you enjoy finding bargains, you could develop a substantial business that earns you up to $100 per hour. 

There are also tools to help you, such as Jungle Scout. These tols make it easier to organize and maintain your sales listings.

The selling process is a little tedious, but simple. There are no upfront fees. You will need to calculate your shipping expenses and ensure you adhere to the Amazon terms and conditions.

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Amazon Third-Party Seller

Unlike Amazon FBA, third party sellers sell products on Amazon and then ship them from their own location. 

You’ll still need to find products to sell. But, you’ll be responsible for packaging and shipping your items when you make a sale. 

This can be a lucrative business. According to statistics, Amazon sellers typically make $1,000 or more per month in sales. There are super sellers than make $250,000 or more per month. 

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Amazon Merch

Merch by Amazon is a print on demand service. You can turn your designs into T-shirts, caps, hoodies and other merchandise. The platform does not require any upfront costs and you can even set your own pricing. 

Each time you make a sale, Amazon handles the printing and distribution. You’ll receive a royalty of 14 to 35% depending on your list price.

The top Merch by Amazon sellers are making $80,000 a month.However, with good designs, it is quite easy to make $200 or more a week. 

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Dropshipping will not offer the same profits as Shopify, but you won’t need to stock and ship products. This is why it is one of the most popular online business ideas. You don’t need warehouse space or need to arrange deliveries.

Essentially, you’ll market products and then arrange direct shipping to your customer from your suppliers. So, you could buy products from Aliexpress or Alibaba and sell through a Shopify store or website.

You can sell almost anything through dropshipping. But, you’ll need to carefully assess profit margins to ensure you choose to sell the best products. Dropshipping is a convenient way to sell items and you can create a business that generates an income of $100,000 or more per year.

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Subscription Box

Subscription boxes are an interesting way to explore products. You can also use this as one of the most lucrative online business ideas. 

Essentially a subscription box is a recurring delivery of physical products. These monthly boxes allow trying out new products and new brands. You can build this into an impressive income. For example, Dollar Shave Club now has an annual revenue of $100 million.

Boxes typically cost the consumer $10 to $40 per month. So, you can create a decent profit margin if you get a solid subscription list. This can be accomplished through affiliate marketing, working with influencers or using your own network of followers, such as from a blog or podcast. 

You can expect a profit margin of approximately 60 percent. So, there is the potential to earn $24 per box per month.

Groupon Merchant, can you help you drive traffic to your subscription box website.

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3D Printing

3D printing is the next step in printing. Industrial 3D printers are creating anything from custom parts to prosthetic limbs. Today, the global 3D printing industry is worth over $14 billion and it is set to continue growing. 

So, you can get a piece of this expanding industry to create your small business. The simplest way to create a 3D printing business is to print on demand. This involves printing other people’s designs using 3D files. 

You will need to invest in a printer and establish your niche to compete in this popular segment. Entry level printers cost $200- $500. You can also sign up to online marketplaces like Shapeways or 3D Hubs.

You’ll create a solid customer base as you gain experience. The earning potential for this type of business is a little vague, as it depends on your niche and products. However, the average hub or project on 3D Hubs is between $100 and $1000.

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Handmade Goods

If you’re a creative person and can produce handmade goods, you can use this as inspiration for a small business. 

You can begin on a platform such as Etsy. This allows you to create a storefront with minimal fees. Etsy charges just $0.20 per item for listing fees and 5% commission on sales. 

You can set your own prices for your items, but the average Etsy listing price is $25. 

It is a good idea to conduct some market research on the platform to determine if your small business ideas are viable. However, Etsy provides a marketplace for personalized items, household goods, jewellery and other crafts. 

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SEO Agency

If you’re SEO savvy, you could create your own SEO agency. Most business owners appreciate the importance of having a web presence, but have no idea how to gain online visibility. You’ll need to be able to explain your services and help clients to understand that SEO strategies don’t provide instantaneous results.

You can start your online business on a freelancing platform or set up your own website. Alternatively, you can visit local businesses in your area to start building your client base. There are also courses for beginners such as Project24.

As you accumulate satisfied clients and can demonstrate you can deliver results, you’re likely to get more referrals. 

SEO agencies typically charge $100 per hour, so you can expect to earn an average of $1700 per client. 

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Web Development

Another area where your coding skills could be used to create a business is web development. Websites and blogs all require code to make them function correctly and look appealing.

You’ll need to know HTML, Python or other coding languages. You can find web development work on a freelance platform, such as Upwork or set up a web site to promote your services.

You can expect to earn up to $40 per hour. However, if you have an impressive portfolio and can confidently sell your skills, you could earn more.

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Virtual Assistant

If you’re an organized person, one of the most interesting online business ideas is to become a virtual assistant. This involves a variety of tasks from admin assistance and scheduling to customer support and email marketing. 

Your basic goal is to help out your clients in any ways that they need. You can expect to earn as much as $25 per hour. Once you establish a client base, you can even work with multiple clients to boost your earnings. 

There are lots of platforms to find VA clients. A good place to start is a freelancing platform. You’ll need to showcase your skills to secure your first clients, but once you start getting positive feedback, it should be even easier. 

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If you like helping others and have an interest in teaching, one of the best small business ideas is to start an online tutoring enterprise. 

There are plenty of platforms to help you connect with students. Most platforms do have requirements for their tutors. For example, you may need a degree and or teaching experience. However, there are platforms that don’t require formal qualifications. For example, Cambly allows you to earn $10 or more per class. 

Many platforms require a teaching certificate, but you can earn as you learn to further boost your earning potential.

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Stock Photographer

If you enjoy taking photos, you could become a stock photographer. Lots of businesses need stock photos for their blogs, websites and other promotional materials. If you are a keen amateur photographer, you’re likely to already have the equipment you need to get started. 

Selling photos online can be one of the simplest online business ideas. For example, Shutterstock allows you to earn $0.25 to $0.45 per image per month. The platform pays 15 to 40% for licensing your images depending on the level. While this seems like a small amount, imagine if you have hundreds of photographs selling. 

You can take stock photographs in practically any area. If you need a little inspiration, take a look at the current images on the Shutterstock marketplace. 

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Graphic Design

If you have excellent graphic design talents, you could develop an online graphic design business. Businesses need graphics for almost every aspect of their operation. From logos and flyers to book covers and merch there is a high demand for graphic designers. 

If you’re already into graphic design, you’re likely to already have the necessary software and tools.

You can start your operation by working on freelancer platforms. Alternatively, you could offer your services on Fiverr. This will allow you to offer your services with a tiered payment structure to find new clients. 

If you’re code savvy, you could even set up your own website to promote your services. 

Depending on the specific project, you could earn $35 or more per hour

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Niche Blog

A niche blog can pay anything from a few dollars to thousands every month. Blogging is a job that is flexible enough to work part or full time. In fact, many bloggers start their niche blog around their day jobs.

You can’t expect an immediate return for your blog. However, with consistent posting, you can build up a following. Typically, it can take six months of blogging or more to start to generate revenue. Therefore, it is important to choose a niche that you feel passionate about. 

There are virtually limitless possibilities. Once you’re established, you can put ads on your site, sell your own products or earn affiliate marketing commissions. 

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Youtube Channel

Starting a YouTube channel is another of the great online business ideas. However, it does not provide instant cash. 

Although YouTube has made changes to its terms of service, channels are still a mammoth industry. There are still content creators who earn millions of dollars. For example, PewdiePie made $13 million in 2019.

Starting a channel is a little more involved than just making and uploading videos. New channels need to meet a 1000 subscriber requirement and a minimum 4,000 views before you can share in ad revenue. However, once there are ads on your channel, you can earn up to $2,000 or more a month. 

Your earning potential will vary according to your posting consistency, niche and content. So, again, you need to pick a niche that you will enjoy working in. 

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Online Courses

You don’t need to be a formal teacher with qualifications to help other people to learn a skill. There are online courses on almost any topic, so you can turn your skill set and experience into an online course business. The most popular type of course is a “How to”, but practical guides can also sell. 

Typically, you can expect to earn up to 60 percent of each copy of your course you sell. 

You will need to choose a topic that you have in depth knowledge of. This will enable you to walk people through all the steps. 

With some promotion and connecting with affiliate partners, you should be able to make a residual income. Platforms such as Udemy allow you to sell your course and work with affiliates. 

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Book Publishing

If you believe you have at least one good book in you, you could consider a book publishing business. Amazon’s Kindle platform makes it easy for authors to sell their books to a global audience. 

This platform is free to use. Amazon allows you to upload your book on the publishing dashboard and list it on various Amazon sites. You’ll receive a percentage of each copy of your book that sells. 

You can set your own book prices, but it will affect what percentage you’ll receive. If your book is $2.99 to $9.99, you’ll receive 70% of the price for each sale. However, if your book is outside this range, you’ll receive 35%.

The Kindle platform allows you to participate in promotions and you’ll appear on best seller lists if you sell sufficient numbers. Although you will need to dedicate some time to promoting your books, there is the potential to make a massive income. For example, Steve Scott, under the name, SJ Scott makes $40,000+ per month.

You can set your own book prices, participate in promotions and appear on best seller lists. 

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