There are many online business ideas you can start to make money, but not all of them can generate you substantial income that will be enough to take care of your family and travel around the world.
The blog post is going to reveal some of the online business ideas to build 6 figures per year business. I’m not talking about taking a survey, watching the video and get paid or data entry where people are making a penny.
If you want to build a 5 figure per month or 6 figures per year business, you need to choose a business model that can help you quit your day job and be free to do whatever you want to do.
Below are some of the best online businesses ideas where a lot of people are making real money. You only need to choose one business and just get started:
Blogging is one of my favorites online business; you can build a reliable business while still working full time. It only requires little investment, skill, knowledge and even passions for getting started.
If you’re interested in starting blogging, here are some steps to guide you.
The first thing is to register a domain name. The domain is the name of your blog, where people can find information about you and your blog.
Here are few places you can register your domain: Namecheap, Domain.com and Bluehost etc.
Other steps to start a successful and profitable blogging business are:
- Register for web hosting
- Install your blog
- Customize your blog
- Add necessary plugins
- Write at least 20 blog posts
- Submit your blog to Google through Search Condole
- Promote your blog
2. Affiliate marketing
Another business idea where thousands of people are making more money with little efforts is Affiliate marketing. Affiliate marketing is a process of promoting people’s product or service and gets a commission for any sales you made through your affiliate link.
If you’re interested in affiliate marketing and don’t know where to start, there are many videos on YouTube, and you can watch to learn how affiliate marketing works.
The best way to have massive success with affiliate marketing is to have a blog or website. You can be promoting affiliate offers on your blog through the following methods:
- Affiliate banner
- Product review
- Add affiliate link within your blog post
You need to find quality and evergreen products to promote as an affiliate to make more money, and that is the reason to find the best affiliate programs to join. It will help you to fast track your success in the affiliate marketing business.
Here are a few of the best affiliate marketing programs where you can find a lot of quality products to promote.
You can also promote affiliate offers by creating YouTube videos. If you can create videos and upload them to YouTube, you can start making money even without having a website.
Another easy way to make money with affiliate marketing is to place a banner of the affiliate offers you’re promoting on your blog.
Other places to promote affiliate offers are:
- Facebook group
3. Ecommerce business
Except you’re not from this world, you know that eCommerce is booming, and many people are killing it through eCommerce. If you’re thinking of starting one of the most lucrative online businesses that can generate you six, even seven figures per year, then eCommerce business is the way to go.
But being a one of the lucrative business doesn’t mean you can jump into it and start making money. It requires a learning curve; you need to find more information that can guide you every step you need to business a successful business.
Not only that, you will need to find proper online training created by an expert in the industry to learn how to build a profitable ecommerce business.
There are different types of an e-commerce business. Below are a few of them:
Amazon FBA Business
Amazon FBA business is one of the best ways to start an e-commerce business. It doesn’t require an inventory, no warehouse etc. Amazon sells your products and ships them to your customers.
One of the downsides is that it may require investment to get started. Not only that, you may need to learn how it works. Though there are some free courses online on how to sell on a physical product on Amazon, the free training may not be enough to build a successful Amazon FBA business.
You can check YouTube or google search for more information on how to start selling on Amazon.
Another e-commerce business is dropshipping. Dropshipping is a business model that allows you to start an e-commerce business without stocking inventory.
Dropshipping is a method where an eCommerce store doesn’t keep the products it sells in stock. Instead, when a store sells any product using the dropshipping business model, it purchases the item from a third party and ships directly to the customer.
You can find online training and course where you can learn how to start a dropshipping business.
Aidan Booth and Steve will be releasing a new course; The Kibo Code where they will reveal every step to build a thriving eCommerce business. The method is based on a business model of a famous e-commerce site in Tokyo; uses to make BILLIONS of dollars yearly selling any product you can imagine.
4. Mastermind Group
Mastermind is a new business model you can start. This is a new way to generate 6 figures per year online.
Many people are looking for a paid mastermind group to join within their niche to learn how to grow and scale up their business. If you are interested in creating a paid mastermind group, you can get access to some free YouTube videos.You don’t have the prior experience to start educating people on what you know.
Dean, Russell and Tony released their mastermind training in April 2019, and they sold almost 20 million dollars. They teach people how to get paid by sharing their knowledge, experience, skills and passions with others.
You can profit from this business model. It only requires a learn how to get started. Joe Polish, Frank Kern, Jeff Walker, Verne Harnish etc. all have a mastermind where they share their skills, knowledge with others.
To learn how to create a successful mastermind group, check Knowledge Broker Blueprint, where you will get access to training and tools.
5. Amazon Kindle Business
Amazon Kindle business is a great business; you can start without any investment. A lot of people are making thousands of dollars every month by selling kindle books on Amazon. You don’t need to write 100 pages of eBook before you can make money.
Some of the most selling eBook on Amazon has 50 pages, even less. You can write a short eBook and sell more but make sure it contains quality information that helps peoples solve their problems.
Below are the steps to start Kindle publishing Book
- Find A Profitable Market or Niche
- Do In-depth Research
- Create A Title and Cover
- Create Quality Contents
- Create Amazon Kindle Direct Publishing Account
- Promote and Market Your Book
You can find many useful tips and information on how to start a profitable Amazon kindle business online and on YouTube.
There are other online business ideas you can start, but the above are some of the lucrative business where a lot of people are building a successful online business and make more money. You can choose any of these business ideas and work on it.