Online Startup Ideas You Can Begin Working On Today
All you need is a little Google search to find success stories of entrepreneurs who were able to start their businesses from their dorm rooms, with nothing more than their laptop and free Internet! Though the toil, struggle, and failures of tend to be underreported in such stories, nobody can hearsay the power of Internet as an enabler for entrepreneurs. If you have a business idea backed by competence in what you do, Internet becomes your gateway to the globe. Starting a business centered on Internet inherently comes with the power of quick scalability. In this guide, we will cover some options for entrepreneurs to explore, in order to create sustainable startups truly powered by Internet.
Online Coaching and Training
If you have subject matter expertise in any area, are a quick learner yourself, or already have a half decent offline coaching and tutorial business, you can grow manifolds by taking your education business online.
As compared to offline coaching, the scalability of an online setup is massive. With basic space, webcam and headphones, and a couple of power suits, you’ll be ready to present to a class of participants, each connected to your network in return of a pre-decided fees.
After you create some stellar content in the form of ebooks, webinar scripts, and copyright free course material, you can use one of the many enabling platforms to set your online classes up. Such platforms let you create good looking landing pages, assist with hosting space for your class material, and provide you the interface using which users can subscribe to your course, make bookings, and pay for the same.
Because there’s technically no limit on the number of attendees of a class, you will be able to recoup your initial investments almost as soon as you get your initial traction. Then, even the content you create is reusable and can keep on generating revenue.
Over time, you will be able to expand the subject coverage by collaborating with other educators, and can grow your venture into a startup.
Website Design and Ecommerce Store Setup Service
It might appear as if everyone already has a website, that’s not really the case. Small business owners, hobbyists, photographers, lawyers – anyone who can benefit from reaching out to people can benefit from a website. However, not many people have the skill or the time to create a website for themselves.
This is where you can bring in your expertise in HTML5 and CSS, along with your penchant for design, to the fore and set up an entry level website design service. To set up a website, here’s what you need:
Web hosting: Web hosting services offer you storage space and Internet bandwidth required to keep your website online. Domain name: You will need to pay for a name for your website. Website content: You can either design a website using your HTML5 and CSS expertise, or can delegate the part to a small team of developers and designers.
You can also leverage one of the many online WYSIWYG website builder platforms to create stunning, modern, and responsive websites for your clients. Remember, what you are selling is the convenience of getting a business website. On a similar note, you can slowly and steadily expand your startup to also include ecommerce-ready websites, leveraging of the many open source ecommerce CMS platforms. Once you have a few clients, you can set up your own portfolio website, showcasing your services, your experience, your team, and your pricing packages.
We mentioned web hosting is a pre-requisite for setting a website up. It also presents an exciting and sustainable online startup opportunity for brave businessmen. Without owning any expensive server hardware, you can start marketing your own web hosting service. This works by getting a reseller web hosting package from an established player, and marketing the same as your branded web hosting service, topped with your service capabilities. Here’s what you need to do-
Register your company, to mitigate your liabilities. Prepare a thorough business plan about the market you plan to target with your reseller hosting services. Develop a business website with complete information about your business, terms of service, privacy policies, and service level agreements. Check with your reseller hosting provider whether it offers whitelabel solution, that is, it uses an anonymous domain name for its server hostname, and gives you IP addresses for you to register your own private nameservers. Whitelabelling is crucial, so that your clients don’t know that you’re getting the web hosting from a reseller hosting provider. Buy commercial billing software; you can get niche billing software for web hosting business to automatically and accurately bill your clients, and to support renewals of monthly hosting plans.
To choose a good reseller hosting service, look for these telltale signs of professional companies:
Social media presence Blog with regularly updated content Good customer reviews Responsive 24 x 7 customer support
Virtual Assistant (VA) is a highly lucrative web-enabled occupation for many. However, it also presents a stellar opportunity for entrepreneurs to transform VA service into a startup business. Businesses across the globe need virtual assistants to take care of a range of tasks, right from book keeping and accounting to content creation and social media account management.
This is where you, with your experience in offering professional VA services can create a platform to aggregate beginner VAs, train them in basic service quality management, and induct them to your team of VAs. For example, learn more how you could implement this in investments sphere. With a decent number of VAs on board and coverage of a good range of skills, your business will become a turnkey VA solution for small and medium sized businesses looking for professional virtual assistance.
Mainstream e-commerce is too competitive for entry level business, agreed. However, for anybody with experience and confidence in sales, along with a drive to learn latest digital marketing trends, e-commerce continues to be a great opportunity. The secret of success is to find an undeserved niche market, for instance, classy apparel for toddlers, protein rich breads, organic dairy products, compact scientific calculators, etc. Then, it’s all about setting the distribution up. With drop-shipping model, you can see serve your customers without keeping the stock at your premises. Ecommerce store building platforms like WooCommerce (for WordPress), Prestashop, Magento, and OpenCart can let you start with e-commerce without any considerable expenses. Some marketplace options:
Etsy - for creative, crafty, and design focused products, including jewelry. Ebay - ideal for used branded apparel. Amazon (Fulfilled by Amazon) - ideal for business with high margin and compact products, with no need for in-house stock keeping.
Focus on digital marketing, SEO, lead generation, conversion rates, and repeat sales to drive your e-commerce venture forward.
Internet is a great leveler for businesses, enabling entrepreneurs to bypass conventional market challenges to quickly set up web powered startups. The five online business opportunities covered in this guide can set you thinking on how you can create a stable business plan and leverage web based technologies and platforms to set your business up.
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