You don’t need a lot of investment to start a successful online business.
You can have as much of your business in the cloud as possible and literally run the entire operation from a single laptop. Online businesses can be easily scaled up as they grow and they have no expenses such as rent and large servers.
The SMARTEST Online Business Ideas in 2016
So what are the SMARTEST online business ideas in 2016?
A smart online business is one that is not limited by geography and has customers and clients from all over the world. So, even when you are asleep or on vacation, your business will keep growing and making money for you.
Here are the smartest online business ideas in 2016.
- Teaching an Online Course
There are sites such as Udemy where you can get paid for offering online classes to people. For example, if you are very knowledgeable about SEO, why not start an online course on Udemy such as “SEO for Beginners”. There are a plenty of takers for online courses on web design and programming as well. Reputation builds quickly online and if your courses are any good, you will soon have a lot of people signing up. If you want to avoid paying a commission to sites such as Udemy, you can offer the course on your own website as well.
- Social Media Consultancy
Now, if you are well versed in the use of social media, have thousands of friends and followers on Facebook, Twitter and Instagram, why not start a business that offers social media consultancy? Social media marketing is a big thing today and every business knows that they need to get on it. But most businesses have no idea about the social media and require professional help with managing their social media accounts. That’s where you come in. As a social media consultant, it is your responsibility to help businesses set up their social media properties and then to manage them effectively.
- eBook Author and Publisher
The emergence of Kindle has completely transformed the publishing industry and has meant that talented authors are no longer at the mercy of a publisher. Have a story to tell, an opinion to express or knowledge to share? Write an eBook and sell it online! You can self-publish your own books on Amazon, Smashwords and other indie publishing services for no cost at all. You can sell your eBooks on your personal website as well, in which case you will get all of the money and won’t have to pay a commission to Amazon. But Amazon gets great traffic, so you should most certainly have a presence on Amazon.
- Affiliate Marketing
Becoming an affiliate marketer is the easiest way to make money online. Affiliate marketing is a business that you can start any time. As an affiliate you will earn a commission for selling products and services belonging to another company. There are several ways to sell affiliate products. You can sell them through your blog, by email marketing, on the social media, through your YouTube channel and so on. Some of the affiliates you should consider joining are Amazon affiliate, ShareASale, Clickbank, etc.
- Facebook Page E-commerce
Now, as a small business, it is hard to get the initial burst of traffic that you would need to get off to a good start. Also, you are up against competitors such as Amazon and eBay that have far more financial power than you will ever have. So why not start your e-commerce business on Facebook? You won’t have to spend much on maintaining the page or on marketing and get to benefit from the huge traffic that Facebook gets. So starting a Facebook E-commerce business is something you should consider seriously.
Raghav Hegde, Bangalore
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