By: Robert "Bob" Reyes
Starting a business is not easy as it seems. It will entail a lot of planning and resources, not to mention one most important thing: money or capital. This is the main reason why more and a first time entrepreneurs are going online.
Allow me to list down some online business ideas that you can start from the comfort of your home.
Be a Niche Blogger
If you do not have enough time to focus on your new business (say, if you’re still doing corporate work), being a niche blogger may be your way to start building your enterprise online. Requiring somewhere between one to five hours (or more) per week, and with minimal cost (to cover for your domain name registration and website hosting), you may begin your blogging career by finding funny, emotional or inspirational stories on popular sites like Reddit, Facebook, or Imgur. Rewriting the content, adding some more detail and publishing the content from these websites is a good way to start. As your blog site traffic grows, you can easily earn somewhere between PHP5,000 to PHP50,000 or even more per month.
Be an Affiliate Marketer
Still, one of the best and easiest way to earn online is by becoming an affiliate marketer. An affiliate is basically someone who receives a commission for selling products for other companies, whether it’s on their own site or through another channel just like what eBay does. The awesome part of being an affiliate is that you don’t have to develop any products yourself, just sell other people’s. Affiliate networks like Shareasale or ClickBank offer a vast array of products to promote. Some of the highly contested niches to include health and online betting can make people well off in this field. Being an online affiliate can be a great way to create a passive income for you.
Be an Online Craft Seller
The Maker Movement is on the go in the ASEAN region, particularly here in the Philippines. The demand for suppliers of different crafts: from made-to-order engraving to 3D-printed stuff, they are sprawling everywhere in the interwebs. With just a minimal investment to cover an initial set of equipment, you can be on your way in building your online store empire by being an online craft seller.
Be a Freelance App or Website Developer
With almost everyone using (and owning) a smartphone now, the demand for new and creative apps is ever increasing in popularity. Talking about Google’s Android and Apple’s iPhone market, people are using countless apps every day, most of them are selling right and left. Taking the time to develop and sell a smartphone app may be worth your while since it’s a very lucrative way to earn money online. The apps cost almost nothing to actually develop. Selling apps online don’t involve any shipping or storage costs, which works to expand your overall profit margin. If your app will be performing well when it comes to user download and activation, it can make thousands in ad revenue each month, making them another great passive income strategy.
Be an Online Stock Trader
People, especially Pinoys, consider the volatile stock and forex trading market to be risky. But, if you start out small and keep researching until you gain knowledge and experience in this arena, it may be worth your while. Once you get the hang of it, you can potentially earn a sizable profit from exchanging foreign currencies and stocks. Any trader’s goal is to recognize which currencies and stocks are more likely to increase or decrease in terms of value. The more you learn these strategies and principles, the more money you will inevitably earn.
Be a Social Media Manager or Consultant
Large corporations and business firms can easily hire a full-time staff or engage an agency in running their Twitter, Facebook, and Instagram accounts. Smaller businesses, more often than not, have to manage their own marketing for social media. But due to a great number of other responsibilities, business owners are too overwhelmed or busy to spend a lot of time on developing their social media strategy. Being a consultant for social media, you can effectively steer businesses in the right direction concerning ideal tactics, implementing schedules, and posting content regarding their target audience. As their business grows, so will yours.
Be an Online Writer for Hire
If you think managing a blog seems a little bit overwhelming but you still desire to pursue your writing passion, you may consider writing for other blogs or people. Writing an interesting e-book may also be an option for you as well. E-books do not have any printing or shipping fees, which makes them a viable investment. If you are someone who possesses strong language skills, you could potentially become an expert copy editor that webmasters will gladly pay to read and edit articles and also correct any overlooked grammatical errors concerning web copy.
Just what I always say, there is no shortcut in starting and managing your own business, be online or traditional. I do hope that with my list of business ideas above, you will be able to jumpstart a successful career in being a technopreneur.