Since the introduction of the internet, many have become millionaires and various new industries have been created online. Despite that many people even those that spend most of their lives on the internet still remain poor or unaware of how to make money online. Without wasting time today we are going to take a look at the different categories/areas in which you can start your online business and stack your claim on the digital landscape.
1. Content Creation
This is the most popular and easiest way that one can start an online business. It entails starting a blog, opening a Youtube account, or opening an Instagram account. The very first thing in content creation is deciding on the niche or area you want to focus on and then proceeding to create an account on the mentioned platforms which are free hence it’s one of the easiest to start. Once you have created an account the next thing is to plan, create and publish engaging content or even copy concepts and ideas from other people and start producing your own content based on similar topics.
2. Affiliate Marketing
Affiliate marketing is simply promoting products on behalf of other people or companies and once a purchase is made you get paid a commission. You can leverage traffic from your blogs, website, Instagram channel, and Youtube to promote products and services on those platforms to generate passive income through commissions.
3. Freelancing
If you have a set of skills that you want to sell to a global market then this is for you. Freelancing basically involves performing various tasks for different people over the internet for a fee. The types of skills that can be sold include but are not limited to programming, video and image editing, reviewing websites, and testing applications only to mention a few. Websites such as
Upwork,
Fiverr, and
Freelancer provide a service that can enable you to market your skills to any suitors that are interested in hiring.
4. SAAS Business
Saas or Software as a Business is a concept whereby you create online platforms that people pay to use. It can be a data center like Microsoft Azure or Amazon AWS or graphics editing software tools like Canva. Such a type of business can be monetized through ads or paid monthly subscriptions.
5. Online Stores
If you have products or services that you would like to sell to a wider audience, whether in your area or over a large geographical distance then an online store or an e-commerce website and mobile commerce apps are just for you. Practical examples of the most popular e-commerce websites include Amazon, eBay, and Alibaba.
There are many more ways that you can make money online or start a successful online business, but these are the most common categories and are widely known with many references on how to do it step by step. I hope you have been encouraged and you can easily relate to one of these categories. The best way to accomplish anything is to take action, so pick a category and start today.
