02Jan 2019

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Online Business Opportunities

INTRODUCTION

Are you seeking for an online business opportunity or an idea that you can start in no time and maybe with low capital investment? Then this post is for you, get along with me! I will engage you a few online business opportunities you can get involved with.

In this age of high technological influence, the internet is the great equalizer. If you have a mobile phone or laptop that has internet connectivity, you can start making money online with little or no financial investment. However, of all the functional areas of online business, marketing is the one you probably know the most about. What you probably don’t appreciate is the extent to which marketing focuses on providing value to the customer.

Really, it does not matter your age, education, technical skills or qualifications if you want to take advantage of the online business opportunities that are available. Just anyone can start one once the interest is there. Just for knowledge, your online earnings do not all have to come from just one source.

Whatever kind of business you get into, however, there are some factors to consider and always make them priority, and they are:

  1. It should be profitable

  2. It should be personally satisfying

  3. It should not put you at risk of being imprisoned.

Let’s quickly divert into the online business opportunities you can venture into. They include the following:

  • Affiliate Marketing

Affiliate Marketing is one of the easiest and commonest type of online business opportunities. Take for example, If you recommend a restaurant to a friend, and that friend visits the restaurant because of your recommendation, the restaurant’s revenue will have increased because of your referral. This is ‘word of mouth’ marketing. But you, as the one who referred someone else, imagine that the restaurant gave you 10% of the bill for every person you referred.

They would continue to pay you a finder’s fee for new buyers. There are a number of businesses that market in this way offline. Mediators for insurance products are an example, but these referrals can be hard to fetch. Online, they are very easy to track. This system of reward, where compensation is based on referral, is called affiliate marketing, and this term is used to describe this type of marketing in an online environment.

Affiliate marketing simply occurs when a third-party advertises products or services on behalf of a merchant in return for an agreed commission for a sale or lead. With this view, affiliates are sometimes viewed as an extended sales force for a website.

What are Advantages and Challenges?

A list of possible challenges Affiliate marketers face are:

  • There are rarely contracts in place between affiliates and merchants

  • There is still insignificance to no industry regulation

  • Some merchants fear a loss of brand management

  • Affiliate programmes are not easily scalable

A few benefits are

  • It’s a pay-for-performance marketing

  • The merchant’s sales force just became bigger

  • There is a low barrier to entry for both affiliates and merchants

  • Web Design

This is the process of creating all the visual aspects of the website interface. The web is a visual medium, so design is a very important part of creating successful assets that are both engaging and effective. If you know HTML and a few programming languages and web design interest you, you may setup attractive, not too complex websites for small businesses.

Simply put your skills to use for business owners (small and large) who want to create an online presence. You may provide the following to portray expertise:

  • A portfolio that contains a few project display you have

  • Have any creative assets and a website copy will be a good one too!

  • Learn and Become an SEO Consultant

Are you well familiar with the On-page and Off-page SEO and also with a vast knowledge in SEO technique? You may become an SEO consultant to small companies and even large companies. As a consultant, you would need to educate them on the impact of SEO on the growth of their company and how SEO can help to transform their websites into a more SEO-friendly platform.

Utilize this skill to show business owners how to also use Google Analytics to make an analysis of the company’s data.

  • Setup an E-commerce Site

E-commerce means the buying and selling, marketing and servicing of products and services with the use of computer networks. E-commerce varies in scope and type of activities undertaken and it may interest you to know that there’s an audience for anything you do.

Whether you are into buying a product or selling your product, the internet has made this an easy access and it ranks in the list of Online Business Opportunities one may venture into. Take for example, you specialize in designing arts and crafts. With a technical knowledge in e-commerce, you can definitely reach (potential) customers who are in need for your products offer. All you need is a good web hosting service (Media4Host) with a professional shopping cart display or an e-commerce software designed for you. You may as well liaise with vendors to ship products to customers on your behalf or for deliveries. This may save you a minor stress and serve as a division of labor.

You may as well consider building a Shopify store. Shopify is a system designed for e-commerce. Shopify store can easily be designed if you have some basic web programming knowledge.

  • Start a Blog and Monetize it

A blog is simply an informational web page that consists of discrete units called “posts”. It is a special kind of online publishing that creates opportunities for creating knowledge, sharing research, building social networks, developing professionally, or documenting personal growth.

However, your blog may also be a great potential source of livelihood for you if you know how to monetize it. Of course, Rome wasn’t built in a day! You don’t expect money to immediately roll in just immediately you started your blog. You would to create content consistently and be sure to have eye-catching titles, reasonably accurate.

Additionally, with time, you begin to sell ads space, products, sponsored posts, eBooks, and others. Examples of Blogs you may choose to utilize are:

  • Academic and Professional Blogs

  • Personal, Project-Based and Narrative Blogs

A few tips to Maintaining a Successful Blog are:
  • Let your post titles be eye-catching and reasonable.

  • Consider the use of the tag function in each post. This will facilitate guide readers through your content thematically rather than chronologically.

  • If your hosting platform allows, link to related blogs so as to increase your traffic.

  • Unlike other writing contexts, you may find it complex to identify your target audience when you are composing blog posts. If your blog is public, you may have a diverse, and even global readership. Be aware that you are probably addressing folks with very different information bases and cultural assumptions than yours.

  • Always handle comments with care and maturity. For instance, requiring minimum identification to post a comment will address the matter of inappropriate posts by increasing a writer’s responsibility.

In the last many years, the popularity of social media marketing has exploded. You already understand what social media is — Facebook, Twitter, LinkedIn, YouTube, and any number of other online sites that allow you to network, share your opinions, ideas, photos, etc. Social media marketing is the practice of applying social media as a part of a company’s selling program.

If you have a good social media experience and you sure know how to utilize it for Company marketing, you can use your skill and earn income certainly. You may need to understand questions like “WHY DO BUSINESSES USE SOCIAL MEDIA MARKETING”? “HOW DO I ENGAGE POTENTIAL CUSTOMERS WITH MY SOCIAL MEDIA CONTENTS”?

Social media marketing provides variety of benefits to companies, together with enabling them to:

  • Create brand awareness;

  • Connect and interact with customers and potential customers by engaging them in two-way communication;

  • Offer and publicize incentives, such as special discounts or coupons

  • take advantage of low-cost marketing opportunities by being active on free social sites, such as Facebook.

  • Freelancing

Am sure you have heard about sites like Fiverr, Upwork, freelancer.com, and others – if you are an expert at any creative or professional field and you are ready to offer your skill to those who need them and get paid, then you may find this interesting. However, to join any of these sites, you would need to provide your original details for registration and a means of identification.

Freelancing has been a major source of income to many folks around the world. A few services you may offer for sale include:

  • Article and BlogPosts writing;

  • Copywritng

  • Graphics designing;

  • Web development and design

  • Digital marketing;

  • IT Support and others

You only need to take actions. With this comprehensive online business opportunities, you have a series of options to choose from and to get started with. Stop wasting time postponing till another time, you should today and earn big!

If you have any other online business opportunities you feel are worthwhile sharing, be sure to drop them in the comments below!

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