What are the types of Online Business? To Earn Online

How you can  start earning online?

• There are lots of online business to start, which can earn you money, working from home.
• Average income of online business is minimum (100$ to 300$) and maximum (no limit).
• Here are some types of online business you can choose from.

Types Of Online Business

• Advertising.
• Affiliate Marketing.
• Blogging / Vlogging.
• Creating and Selling Digital Products.
• Dropshipping.
• SaaS.

Advertising

• You might hear of people making a website, slapping some Google Ads on there, they’re making lots of money.
• If you have enough traffic on your site, you can even approach your local market for advertising on your site.
• Well, the problem there is that you need a ton of traffic to make any significant income from advertising. You need a steady flow of people visiting your website, or your Instagram, or whatever it is, and it usually takes months if not years to build that up.

Affiliate/Referral Marketing

• This basically means recommending other people’s products or services, and getting paid a commission for every referral.
• And the challenge here is much the same as Advertising.
• You also need to build a significant audience to make money doing affiliate marketing, and not only that, but you also need to earn the trust of that audience so they take your recommendations seriously.

Blogging / Vlogging (make videos)

• I have quite a bit of experience with this, having been blogging and vlogging for years now.
• Last year I had more than 100,000 page views on my education site and more than 100,000 video views and 200 subscribers on YouTube.
• It is one of the best and trending way of making money online.
• Once you satisfy the eligibility criteria of Google Ads, that will start earning you money.

Creating And Selling Digital Products

• It is also a creative business of creating and selling numerous ebooks, online courses, reports etc .
• My friend is actually involved in this business, with digital product of report writing to final year students, and while that did okay financially and helped hundreds of people, it also took A LOT of time and effort to build, market and maintain.
• Actually he is making enough money as doing it as part time job from home.

Dropshipping/Online Selling/e-Commerce

• Actual dropshipping is increasingly popular nowadays and several friends of mine do it.
• It basically involves selling physical goods to customers without stocking those goods yourself. So you make the sale, and then get a wholesaler or manufacturer to ship directly to the customer.
• If you’re just starting out, it’s going to take significant time to get everything in place and start turning a profit, because there are a lot of moving pieces.
• Also, competition here is tough. If you find a nice niche for yourself, it’s usually best to keep it a secret, because there are lot of powerful competitors out there with plenty of resources, and they can quickly drive you out of business.

SaaS (Software as a Service)

• That stands for Software as a Service.
• An example of a SaaS business would be accounting software you pay for each month, or mailing list software you pay for each month. Dropbox and Slack would be famous SaaS businesses.
• SaaS might actually be the best online business model out there. It’s software, so it’s all digital, and your customers usually pay you repeatedly.