With the current COVID-19 pandemic, many businesses are going digital now. I am glad we are actually considering this because, starting a new business online requires much less risk than investing your money into setting-up a physical store. With the nature of online businesses, it is very easy to reach thousands and millions of potential customers using social media advertisement. In the world of today, we’ve witnessed the rise of many internet millionaires that made their money by starting one online business or even job. Here are 5 digital jobs or business ideas you can start with little capital investment. The major requirement could be steady internet, only.
Become A YouTuber
If you already have a phone, YouTube is possibly the cheapest digital idea to start today. The best part is, you don’t need to go out and buy an expensive new camera – as long as you have a smartphone with a quality camera lens.
Top YouTubers make millions of dollars creating and publishing video contents on YouTube. As a YouTuber, you make money each time Google shows ad contents before or after your video is being played. You can also make money by sharing your affiliate marketing links; if you get a lot of subscribers. Make sure your videos are of high quality and you upload consistently, to the satisfaction of your audience.
Starting A Professional Blog
Launching your own blog doesn’t require a great deal of technical or computer skills. Truth is, you can also hire freelance writers to write for you, while you monitor the progress of the blog.
If you’re passionate about writing and creating super-rich content on the internet, then you are only a few steps away from earning money; doing what you love. Additionally, your content should be capable of grabbing the attention of your target audience.
The secret to making money with blogs is in advertisement. Having a blog that has an extensive number of followers will attract advertisers. These guys are willing to pay money just to place adverts on certain pages of your blog.
Creating And Selling Online Courses
This type of online business is best regarded as passive income because you continuously make money for years even after publishing it. Once the upfront time and effort is put in, you’ll be able to continue to sell and make money from them. You just need a bit of regular upkeep and marketing. Platforms like udemy help you attract individuals who may be interested in your video lessons.
If you’re already an expert in any skill, you can package your knowledge into a high-value course and sell it online to people that are seeking the knowledge that you’ve acquired.
E-commerce and Drop shipping
Online platforms like Shopify and WordPress have made it so simple for anyone to set-up an online e-commerce store in minutes. With e-commerce, you just have to sell and deliver products that are high in demand in your region. However, it is good to watch out for the uniqueness of what you sell – this reduces competition.
Drop shipping is simply creating an online store to sell other people’s products. You get a commission for each sale. The advantage of this over e-commerce business is that you don’t have to risk buying much stock of a product and potentially losing money if it doesn’t sell.
The last but not the least, is affiliate marketing. As an affiliate marketer, the products and services that you promote are provided by others and not necessarily you. The only duty you are required to perform is to provide a marketing or sales outlet such as YouTube, a blog, email list or social media; and you get a commission.
Affiliate marketing is one of the various ways to make money online by promoting products to earn a certain percentage as a commission from sales made. It can take some work to build the proper marketing skills and knowledge on how to sell.
Now, you have these options. However, the most important step is choosing an online business idea that matches your skills. Don’t go after what you do not fully understand. Also, set proper goals. I leave you finally with Pearson’s law which states: “When performance is measured, performance improves. When performance is measured and reported back, the rate of improvement accelerates.“