Top 10 Online Business Ideas — How to Make 10k a Month in 2020

How to Start Your Own Business

When starting your own business, you can get it up and running anywhere and anytime you want without having to shell out tons of money. And trust me, anyone can do it. You don’t need to have a Ph.D. or an inch-thick collection of training certificates to get started.

1. Selling Information Products

People are Searching for Information Online

  • 8 out of 10 people from developed nations go online
  • 21 out of 61 people from developing countries use the internet (ICT Facts & Figures)
  • About 40% of US companies market their products and services using blogs (eMarketer)
  • 34% of Fortune 500 companies have had active blogs since 2008 (Forbes)
  • Companies with blogs get 97% more links to their website (HubSpot)

Deliver Information to People on Facebook!

Facebook is another platform that you can utilize to share your information products.

  • Facebook is THE #4 most valuable brand ON THE PLANET with $73.5 billion in value
  • 1.37 billion active users use Facebook every day

2. Affiliate Marketing

  • Affiliate programs generate 15%–30% of all sales for advertisers.
  • More than 80% brands use affiliate marketing. (Rakuten Marketing)
  • Health
  • Dating and Relationships
  • Pets
  • Self Improvement
  • Wealth Building Through Investing
  • Make Money on the Internet
  • Beauty Treatments
  • Gadgets and Technology
  • Personal Finance

How to Win in Affiliate Marketing

To win in affiliate marketing, offer value and be authentic. The goal is to develop a solid relationship with your audience. This is especially true with your email list.

3. Coaching and Consultations

People buy courses and pay for professional advice all the time.

  • Education — 4.8%
  • Management — 3.6%
  • Marketing — 3.6%
  • Business Coaching — 3.5%
  • Personal Training — 3.2%
  • Operations — Management
  • Human Resources
  • IT Specialists
  • Establish relationships; revenues come second
  • Provide results
  • Offer flexible payment structures
  • Gather client feedback
  • Keep updating your skills

4. Membership Websites And Membership Programs

My good friend Dave Woodling says that “recurring income is the Holy Grail of income,” and I totally agree!

What Do You Include In Your Membership Program To Make It Successful?

Well, you need to base your membership program around what you have been doing… something that you’ve gotten great results with, that will also help other people with a problem they are having.

Why Are Membership Sites So Good As A Business?

Membership sites are awesome businesses because once you make that sale, you can continue to earn income from it for months… or even years to come.

5. Selling Digital Marketing Services

Graphic Design

SEO Writing and Content Management

  • In 2017, e-commerce business traffic came mostly from email marketing and SEO while content marketing and affiliates are less frequently used channels (Marketing Sherpa)
  • Content Marketing — 20%
  • Artificial Intelligence and Machine Learning — 14%
  • Big Data — 14%
  • Social Media Marketing — 14%
  • Marketing Automation — 9%
  • Mobile Marketing — 9%
  • Conversion Rate Optimization — 5%
  • Search Engine Optimization — 4%

Social Media Management

  • There are 8 billion views on videos posted on Facebook per day
  • 96% of consumers (18–34 years old) watch a video at least a few times a week
  • 75% of millennials check out a social video daily
  • Every single day, users watch over 100 million hours of video content from Facebook (Source: MediaKix)

Websites

Digital Marketing Arbitrage

6. Freelancing And Virtual Assistant Work

How To Get Started As A Freelancer

First, you have to figure out what you are good at.

7. SAAS — Software As A Service

  • 38% of US businesses adopted a SaaS-exclusive workplace in 2017, with a measly 17% doing the same thing in 2016
  • The expected growth of the SaaS market by 2020 is $76 billion
  • 80% of end users in the US prefer SaaS and cloud-hosted apps for organization and communication, with only 51% on-board in 2016

8. Sell Handmade Goods

Where To Sell Homemade Goods

Yes, this list is of the top online businesses… but honestly, a lot of people also overlook local outlets.

What Types Of Items Can You Make?

To make this side-hustle work, you need to ask yourself ‘what types of things do you enjoy creating?’

9. Influencer Marketing (of the Podcasting variety)

I debated whether or not I was going to put ‘Influencer Marketing’ in this list. In some ways, I don’t really like the term… but it fits better than any other term, so that’s what I’m going to call it.

How To Make Money As An Influencer

So, making money as an influencer starts with you pursuing your passion, and basically starting an authority podcast on what you love.

10. Drop Shipping

Large Brands that Started with Drop Shipping

Zappos, Sears, Way fair, and Amazon are just a few of the larger known business brands that started with drop shipping. You probably see ads run by these businesses every day!

Identify Your Audience to Make Your Online Business Work

It’s pretty fun to imagine yourself making tons of money with these online business opportunities; however, as with any new business venture, you need to have the right ingredients available to make sure it’s going to work.

The Best Online Business to Start With No Money

The Best Online Business to Start With No Money

How to Start Your Online Business With No Money in Two Steps

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KC Global LLC — USA || Online Business Specialist

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