7. Sell Handmade Goods Estimated income: $30,000+/year, depending on the materials and the time spent making the product Requirements: artisanal or crafting skills The internet has helped artisans’ craftsmanship appeal to the business world. Unlike merchants who partner with suppliers, you can sell one-of-a-kind goods that customers can’t find anywhere else. Therefore, charging more for your … Read more
6. Flip and Sell Thrifted Goods Estimated income: $50-$5,000+/month Requirements: business management and negotiation skills If you’re looking for an affordable online business idea, sell secondhand goods online for a profit. Look for unused items of decent quality around your household or purchase pre-owned goods from secondhand marketplaces. Then, determine their prices by looking up … Read more
5. Start a Dropshipping Business Estimated income: $200-$3,000+/month, depending on the online store and market size Requirements: business management, digital marketing, and site maintenance skills Dropshipping is one of the most simple businesses to start for beginners because it’s low-risk yet profitable. This business model involves partnering with suppliers to sell their products on your platform. … Read more
4. Start an Online Store Estimated income: $1,000-$100,000+/year, depending on the eCommerce business, its expenses, and the market size Requirements: business management, digital marketing, and site maintenance skills Creating an eCommerce store to sell clothes or other items is one of the best small business ideas to pursue. Find online store ideas by researching trending products or tapping into … Read more
3. Self-Publish an eBook Estimated income: 35-75% royalties from the eBook’s price, depending on the platform Requirements: creative writing and content marketing skills Thanks to the internet, you don’t have to send a manuscript to a publisher to become an author. Anyone can sell eBooks through a personal website or self-publishing sites like Amazon KDP and Apple Books. … Read more
2. Start a Blog Estimated income: $100-$10,000+/month, depending on blog operational expenses and monetization channels Requirements: writing, content marketing, and search engine optimization (SEO) skills Starting a blog is one of the most profitable online business ideas. Many six-figure entrepreneurs like Pat Flynn began by blogging about their skills and knowledge to a small audience. A successful blogging … Read more
1. Become a Freelancer Estimated income: around $33/hour, depending on the industry and location Requirements: skills and experience in a particular field The rise of the gig economy makes freelancing a viable alternative to regular nine-to-five jobs. In fact, 75% of freelancers reported increased income compared to their previous full-time job. Those with prior work experience can leverage their … Read more
30 Online Business Ideas to Start in 2023 Starting an online business offers many benefits. It’s flexible and has a massive potential reach, with over 2.14 billion people turning to online shopping. Experts project that eCommerce revenues will continue to grow, reaching $8.1 trillion by 2026. If you’re considering starting a small business online, now is the perfect time. This … Read more