The Best Online Business Opportunities In 2021 Might Surprise You

Whether you want to break free from the restrictions that come with your 9 to 5 job or you simply wish to take control of your financial situation, starting an online business is a great way to go. Plus, the perks of being your own boss are so appealing that many are willing to diverge from their stable paths to embark on this entrepreneurial journey to start making money on their own.

Since the business is based online, it involves a lot less risk and costs compared to opening a store or an office. An online business also allows you to reach more potential clients easily, work from virtually anywhere, and make money with almost no overhead expenses!

 

Freelancer working photo from Unsplash

 

With a few basic website and communication skills paired with some technical know-how, you can easily set up an online business and get it up and running in a couple of hours. However, the multitude of opportunities that the internet offers also represents a challenge when it comes to picking a starting point. 

Here are a few of the best online business opportunities in 2021 to help you discover the right business for you:

 

Start a Drop-Shipping Store

The basic idea behind an online drop shipping business is that you create an online store that allows you to sell products, without you handling any of the manufacturing or shipping processes 

Thus, you don’t have to maintain a large inventory (or any inventory for that matter) of products or handle any delivery to your customers. You simply put an item up for sale which attracts the attention of a customer who then places an order for that item. Following this, the supplier ships the product to the customer, and you handle the customer service part of the transaction. With platforms like Shopify or Wix, you can easily build professional-looking online stores. [1]

 

Freelancing

Working as a freelancer gives you the freedom of working when and wherever you want along with the possibility of picking projects that interest you. As a freelancer, you will have the flexibility of choosing to work on an hourly basis or per project, bound by a contract.

If you have a particular skill set that fulfills a need, you have an almost immediate way to start making money. You can monetize almost any skill. For instance, if you have a knack for getting likes, favorites, retweets, followers, shares, and comments, then you might want to consider leveraging your skills for social media marketing.

Getting in touch with potential customers is also easier than ever, with websites like Upwork, where you only have to advertise your services and prices to land gigs. [2]

 

Start a Blog

If you have a particular expertise or a passion for a subject that you can leverage, starting a blog is highly recommended for you. With a service like WordPress, you can not only start up your blog in no time but you can also monetize it. [3]

Maybe you are a very skilled surfer, or are learning to play the piano, or maybe you are on a personal quest of maximizing your productivity, whatever the case may be, once you start writing, you can potentially find an audience. 

In addition to the money-making aspect of it,  you will also be establishing an online presence to build from, which, in the long run, can only be beneficial. 

 

YouTube

How many YouTube videos do you watch in a day? If the answer is more than one, do not fret, you are not alone. The YouTube platform is known to have over 2 billion users accumulating hundreds of millions of hours of viewing time on a daily basis.

To earn money in ad revenue or secure paid partnerships with brands [4], you will need a relatively large following. Building a significant subscriber base requires consistency, dedication, and innovative content. 

As per online reports, five hundred hours of video are uploaded on the platform every passing minute, therefore, the key to success is to stand out and offer value to the audience.

 

Online Coaching & Mentoring

Do you have tons of knowledge in a specific field and are willing to share it? You can opt between becoming a coach and a mentor. Coaching primarily focuses on helping an individual discover the answers to their problems on their own.

Mentoring, on the other hand, can be described as the passing on of valuable skills, and knowledge on a specific topic to a mentee to help them sharpen their abilities. While coaching is more commonly used by individuals, mentoring is usually employed in corporate settings as an efficient way of transferring valuable know-how from one individual to a group of people.

To start offering these services online, you simply need to set up a website and begin conduct sessions via Skype or Zoom.

 

Conclusion

Whatever way you decide to go, remember that the key to a successful business is discerning exactly who your target audience is and how you plan on serving them. In the beginning, you only need to focus on stay connected with your audience, meeting their needs, and providing the best customer service that you can, which is what will ultimately set you apart from the others in your niche.

 

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Sources
  1. https://www.shopify.com/blog/product-opportunities
  2. https://www.upwork.com/
  3. https://wordpress.com/pricing/
  4. https://www.grapevinevillage.com/creators
  5. https://zoom.us/pricing