7 most profitable online businesses to start in 2020by David Evies Digital Marketing Consultant
Without a doubt, one of my favorite online business modalities for its ability to become a recurring passive income. With it I have earned more than 7,000 euros in a month without spending more than a couple of hours.
Many entrepreneurs who want to enjoy greater freedom opt for this business model. Although at the beginning you will have to invest enough time, in the long term it can become a totally passive income. In fact, it is not uncommon for people who succeed in this way to end up leaving their work to go traveling the world.
Affiliate marketing basically consists of creating a website where you recommend certain products through affiliate links. When someone clicks on those links, they are redirected to the website where the product is sold, and if they buy it, the seller gives you a commission.
Monetize your personal blog
Creating a blog and positioning yourself as an expert on a specific topic is one of the most sustainable ways to build a long-term online business.
Do not think of a blog as a personal diary where you can write what you can think of at all times. That barely has economic potential. A blog is a place where you offer the public your knowledge on a specific topic for free.
Luckily or unfortunately, most people do not dare to start a blog. He thinks he has nothing to contribute, fears not meeting his expectations or worries that readers accuse him of impostor.
But those beliefs only exist in your mind. All bloggers have started with those fears; The key is to choose something in which you are fairly good, because there will ALWAYS be someone who knows less than you and wants to learn.
In addition, as you work on your blog you will adjust its approach according to what your audience really values about you and finds it interesting.
Publish a book
Until a few years ago, publishing a book was a rather complicated company.
You had to convince a publisher to take charge and distribute it among the bookstores, which caused many aspiring writers to leave their manuscript picking up dust in the libraries of their homes or on the hard drive of the computer.
But everything changed with the appearance of the electronic format. Nowadays you just need to have a digital file with your book to publish your ebook on the vast majority of online book sales platforms.
Become a YouTuber
With the rise of video content, the idea of creating an online business from a YouTube channel is no longer crazy.
YouTube is the second Internet search engine, just behind Google, and year after year it shows spectacular growth. Although there is increasing competition, it is still a relatively virgin territory.
If you consider that you can bring fun or knowledge to the spectators, creating a YouTube channel is nothing crazy: in the medium term you can get to live from it.
Create a podcast
In addition to videos, there are also audio content known as podcasts.
Podcasting is very popular in countries like the United States, where it is estimated that 21% of Americans have listened to a podcast in the last month. Little by little, this channel is also settling in other countries.
In fact, there are already Spanish-language channels with thousands of followers like Victor Martin's The Success Academy, in which he interviewed me some time ago to talk about social intelligence (one of my great passions).
Sell your services online
Although you can sell them through your blog, YouTube channel or podcast, if you don't have an audience yet you can advertise on platforms specialized in contacting freelancers who offer their online services with interested users.
The jobs offered by freelancers on these platforms are usually 100% online, such as translating a text, composing a jingle, editing a photo or making a marketing plan. There are even people who sell love spells from a distance!
Sell physical products
You can start your own store in platforms like in Amazon. It's available worldwide. There's no boundaries. You can reside in foreign countries and still open an account to sell physical products. For example, you can find some articles that read: vender en amazon. The same thing with other languages in several regions.
It's easy to open an account in Amazon. Then you can choose how you want to sell. There are methods such as FBA and FBM. Both are really profitable and scalable.
Become a copywriter
More and more companies and entrepreneurs are betting on strengthening their online presence, and that means that the demand for written content is increasing.
To give you an idea, every day more than 3 million articles are published in blogs. This need to generate content has caused editors to have become a highly demanded profile in the online world.
In addition, the entry barrier is very low: you just have to like it and you must be good at writing.
These are some of the most popular online businesses for 2020. There are more business types that are very profitable. And they all focus on online venues.
Write to email@example.com to ask for information about more business ideas
Created on Jan 22nd 2020 00:17. Viewed 565 times.
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