In this era of internet and social media, there are great money making opportunities online for you to explore and change your fortune for good.
One of the easiest way of getting self-employed or to earn additional and life changing income to go into internet based businesses.
The internet business comes with a lot of advantages which includes but not limited to:
Requires low or no start-up capital
It is flexible
Can be operated from any location of your choice
Internet business does not require you to hire staff members
The major challenge that you may face is the lack of skills or knowledge required to operate or run the business of your choice.
The good news is that all the information you need on any kind of online business is available for your use, all you need do is to search the internet for quality resource materials on any topic of your choice.
In this article, we are going to look at the top paying 5 online businesses that you can do anywhere in the world.
It is necessary that you know the internet business is broadly categorized into two major categories;
This is a platform where you can exchange your services, skills, technical know-how for money. This pays even better than some white collar jobs. Examples include freelancing, creative writing, virtual assistant etc.
The product based
The product based platform offers you the opportunity to sell goods or products online to prospective customers. Examples include e-commerce and e-marketplace. The success of this type of business depends on the loyalty of customers
Top paying 5 online business you can do in 2019
Blogging is no doubt one of the most lucrative kinds of internet businesses.
If you have the passion or interest for a subject, then you’re ready to start making money with a blog. You can start your own blog totally for free. But since you are thinking of monetizing your blog then I advise that you create your own blog and host it at a low price.
You can own a blog site that writes articles, report news, do gossips post pictures and videos or even combine all together provided it is related to the niche you have selected for your blog.
There are no restrictions on the kind of posts you do on a blog but most importantly it should be something engaging
There is virtually no how you will mention types of online businesses without talking about freelancing.
All you need do is to have the desired skills that people demand for day to day.
You can start as a novice and then develop yourself into a multi-skilled freelancer. Associate yourself with any of the freelancing communities and then start making cool money by exchanging your skills and services.
Examples of a platform where you can exchange your skills for cash are;
#3 Website Design And Development
Website design and development is another lucrative internet business in the world you can start with a small capital. As a web designer, you can leverage the increasing demands of websites and web applications and earn yourself tons of money online through website development for businesses and clients.
The singular fact that every business today both small and big wants to become global and reach a wider range of audience by going online through owing a website makes website development skill a very demanding skill and you can hardly fall short of clients.
One advantage of this kind of business is that advertising your skills is a lot easier especially when you have delivered quality jobs for others.
The visitors of those sites that you delivered in time past becomes a potential client since they will be impressed with what they will see on the site
In case you are considering this opportunity then I advise you start right away by gathering the necessary knowledge needed to succeed as a web developer.
Here are some free online website development courses;
#4 Affiliate Marketing
Affiliate marketing is one of the simplest online business opportunities that you can do that guarantees you 100% passive income if properly done.
This business is about selling products or goods on a commission basis for a range of companies, institutes which could be a major brand and businesses providing services.
All you do basically is to market the product to prospective buyers while the packaging, shipping, customer complaints/service is handled by the manufacturer of such goods or products.
As an affiliate marketer, you will have to set up a website that is focused on a specific niche. Research competitive keywords for that niche, with the aim of getting a high ranking for those keywords on Google search.
The visitors who come to your site may click on the referral links, and if they make any purchase as a result of your referral, you get paid a commission.
The bottom line is that you earn money by simply promoting other people’s business or services.
Some examples of companies you can affiliate with are;
It may also interest you to know that you can also do affiliate marking on your social media platform like Instagram; you can do so by running promoted or sponsored ads on your Instagram account especially when you have a large number of followers.
#5 YouTube Videos
There is no doubt that YouTube is the largest video sharing community in the world as it stands today.
According to recent statistics, viewers now prefer to watch videos on YouTube than on any other video sharing platform. This makes the possibility to generate passive income from YouTube very high.
The newly introduced YouTube Partner Program offers you the opportunity to make money from creating and uploading videos.
You get paid a percentage of revenue collected on adverts per 10,000 views.
The beauty of it is that the amount of money you can earn depends on how many views and subscribers your channel is able to generate for a given period of time.
You can direct your energy and talent towards creating videos on any of the following needed areas of life using YouTube.
You can also make money from YouTube if you are creative.