Maybe you like to eat ice cream in your underwear – without judgment, live your truth – but if you also aspire to achieve entrepreneurial greatness, consider the endless possibilities of the World Wide Web.
Bomb of Truth: Success will likely depend on at least some time being outside your home (sorry).
To help you start a business, we have identified three online business ideas with potential for money making.
1. Retail
Whether you’ve designed something people didn’t know they wanted (hello, a selfie stick) or bought a bunch of top-notch jewelry wholesale, you can set up an online store to sell your products. .
Pro tip: According to market research firm Forrester Research Inc., FORR,
toys and pet products are all the rage right now.
2. Affiliate marketing
Got a hot plug? Half the Internet too. But if your blog, Tumblr, YouTube channel, or Instagram gets a lot of attention, you can turn your internet thinking into a solid side activity. Adding affiliate links to your content means you get a percentage of the profits when your readers click.
Pro tip: Don’t go crazy with the links. Make sure that what you are promoting matches who is reading your website.
Everything you need to do in your 20s for a great financial future
3. Technology
Keeping up to date with the latest technological opportunities puts innovators at the top. If you know how to program, code or design, you have an “in” in a constantly growing field.
Pro tip: For starters, consider focusing on ways to amplify websites and build apps for local businesses.
Do you want to start a business?
NerdWallet has put together some of their best information on starting a business, including structuring and naming your business, creating a solid plan, and much more. Get help with your homework and getting started on the right foot. Read the NerdWallet Guide to Starting a Business.
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