Facebook. Google. Amazon. Three giants, serving different purposes for consumers yet having one thing in common: they are all online!
Online platforms have taken over the world. Whether it be for socializing, researching, or shopping, the first instinct of the masses is to reach for their smartphones and search online.
Wpforms states that over 40,000 searches are done per second. And there are over 4.2 billion internet users.
Additionally, according to Fundera, over1.79 billion people shopped online in 2018! Over 64 percent of Americans prefer online Ecommerce solutions compared to traditional retail experiences.
Each of these statistic points at one glaring fact- the online world is thriving and has immense potential. This is especially true for business owners looking to launch a new business. Keeping in mind the nature of the platform, it is quite easy to start an online small business with minimal investment.
We have jotted down some online small business ideas that are likely to work in a modern landscape
Car Selling Platform
Companies like Uber and Lyft have managed to break the clutter. And while they provide an excellent solution to transportation issues, they weren’t envisioned to be more than mediators. The companies merely offer platforms for riders and drivers to connect.
Within this industry, another business idea can be put into action where you act as a bridge between buyers and sellers. For instance, Autocoin Cars buy and sell cars online. The solution has proven to be quite successful since it reduces the hassle of paperwork, inaccurate cost estimation, and the eventual transaction of money.
A similar online small business idea is bound to work since there can never be a scarcity of used cars. According to Statista, in 2015, over 947 million vehicles were in use. Keeping in mind the rising car sales over the years, it is safe to say that the quantity would have increased.
Moreover, since people usually get bored of their vehicles after a few years, the used car market is quite strong and hence features enough demand for making the venture successful.
All you need is a camera, some writing skills and a website and voila you are ready to begin earning money!
Bloggers and internet celebrities were an alien concept a few decades ago. However, after the success of bloggers like Ariana Huffington and Peter Rojas, blogging has become an actual type of business that many people aspire to start.
To launch this online business idea, you must find your area of interest. Various people have found fame in delivering specific blogs like beauty or travel blogs. Others have opted for generalized areas like lifestyle blogging.
You might wonder, how can you monetize this business? The answer is simple. You can conduct affiliate marketing, share sponsored content once you have enough followers to attract brands, and run ads on your website.
While initially, the business won’t earn you huge bucks, if you are indeed a passionate writer, you will soon find a dedicated audience. This has been the story of all the famous vloggers and bloggers of today!
An online fashion boutique
The fashion industry is soaring. Considering the inclination of most shoppers towards online platforms, a significant chunk of global fashion sales now consists of online transactions. According to Statista, in 2019, they accounted for 600 billion dollars’ worth of revenue.
A traditional boutique requires a hefty operational cost, owing to rent and inventory that you must keep of the different articles of clothing you sell. But, in the case of an online fashion boutique, you can start small.
All you need to do is set an Ecommerce shop and design a few clothes. You don’t necessarily have to keep an inventory at first, either. You can instead prepare orders as they come. This will aid you in testing the waters and only producing what sells.
Also, if you are not a fashion designer yourself, you can merely act as a curator where you purchase items from other vendors and place them on your online store.
The sheer number of businesses and websites operating online means the digital landscape is quite competitive. As per Internet Live Stats, there are approximately 2 billion websites currently functional on the web!
To stand out and get noticed by the users, it is essential to grab the top spots on a search result page. This is where SEO comes in. For a digital marketer, the world of SEO has made it immensely easy to launch a business and if you are good to SEO, that is a great online small business idea that you can get started with little to no invesment.
You can begin an SEO consultancy, and a lot of people will undoubtedly be willing to give you money in exchange for your service. The good thing is that it takes at most six months to learn the technicalities of search engine optimization.
Once you are well-versed on the concepts, all you need to do is launch a website and market your agency across different digital platforms. Use your networking skills to get initial clients and slowly watch as your clientele grows.
Creative agency is the backbone of every company’s marketing department. Whether it be logo creation or collateral marketing development, creative agencies are responsible for delivering designs of it all.
Gone are the days when you need a proper office space to run a creative agency. Once you have established your online presence via a website and social media page, you can hire freelance graphic designers to work for you.
If you are a graphic designer yourself, you can begin by doing it all on your own and later hire a team once you have the resources to do so.
Ending Remarks: The door is open! There are endless ideas for online small business, you just find the one that aligns with your skill and be ready to put in the hard work
The online world is full of opportunities and possibilities, especially for entrepreneurs. Just because you have limited resources doesn’t mean you can’t launch a successful business. The only thing that is a barrier for you is your motivation and commitment.
The world is full of ideas. You need to set your eyes on the right one!