12 Best Online Business Ideas To Start Now (ranked by difficulty)

Updated on: Oct 18, 2024

Starting an online business doesn’t have to be complicated or costly. You don’t need a degree, expensive equipment, or a ton of experience. These 12 online business ideas are quick to set up, require minimal capital, and can even be done alongside your full-time job.

1. Virtual Assistant

If you excel at organizing schedules, sorting emails, and managing administrative tasks, becoming a virtual assistant (VA) is one of the easiest ways to start making money online. The demand for VAs continues to grow, especially with remote work on the rise. You can find jobs through freelancing platforms and expect to earn an hourly wage from the start. Plus, you control your hours and can work from anywhere.

2. Freelance Writer

Do you enjoy writing? Whether you’re into creative writing, technical pieces, or just crafting great copy, freelance writing is a perfect business to start. There are various niches, from blog content to technical manuals, and you can begin by offering your services on platforms like Fiverr or Upwork. Once they get established, freelance writers can earn a steady income and scale it into a full-time business.

3. Online Tutor

If you have expertise in a particular subject, becoming an online tutor can be highly profitable. There’s a huge market for tutoring services, particularly in subjects like math, science, and languages. Platforms like VIPKid or Tutor.com connect you with students worldwide. With just a computer and a reliable internet connection, you’re set.

4. Fitness Coach

Are you passionate about fitness and looking to help others reach their goals? If so, offering virtual fitness classes or personal training is an excellent way to turn your hobby into a business. Rather than trying to land clients as a personal trainer (which can take time), consider teaching group classes at a gym or virtually. This offers quick, steady work and lets you build a client base.

5. Social Media Manager

If you spend a lot of time on platforms like Instagram, Twitter, or TikTok, why not make money from it? Businesses are always looking for people to manage their social media presence, create content, and engage with their audience. Most of the time, social media managers work fully remote and there’s a growing demand for them across all industries. Many social media managers start by offering their services on freelance platforms such as Fiverr, Upwork, or even LinkedIn.

6. YouTube Content Creator

Starting a YouTube channel doesn’t require fancy equipment—many creators begin with just a smartphone. Identify your niche, whether it’s tech reviews, cooking, or lifestyle vlogs, and start building an audience. With multiple income streams available through ad revenue, merchandise, and brand sponsorships, it can turn into a profitable full-time gig.

7. Blogger

If you love writing but want more creative control that freelance gigs offer, blogging might be for you. Bloggers can monetize a love for travel, fashion, personal finance, and countless other topics through ads, affiliate marketing, or sponsored content. It’s a longer game compared to freelance writing, but it can become a steady source of passive income over time.

8. Online Coaching

Are you the go-to person in your friend group for advice? From business to relationships to personal growth, online coaching can be a rewarding business. Package your knowledge into courses or offer 1-on-1 coaching sessions. This is a highly scalable business, and platforms like Teachable make it easy to get started.

9. SEO Specialist

Search engine optimization (SEO) is essential for any online business, and companies are always looking for specialists who can improve their website rankings. With online courses and self-paced learning platforms, you can quickly become proficient in SEO. Once you’ve mastered the basics, start offering your services to local businesses or create your portfolio.

10. Dropshipper

Dropshipping allows you to sell products without ever having to manage inventory. You simply create an online store, find suppliers, and the suppliers ship directly to your customers. The low upfront cost and the ability to operate from anywhere make this a popular business model. Just keep in mind that your success hinges on finding reliable suppliers and managing customer service.

11. Graphic Designer

If you have a creative eye and some basic design skills, offering freelance graphic design services can be a lucrative venture. Platforms like Canva have simplified the design process, allowing beginners to create professional-looking designs without formal training. You can specialize in branding, social media graphics, or web design.

12. Amazon Seller

Selling on Amazon offers multiple business models, from private labeling to wholesaling and even affiliate marketing. With Amazon handling warehousing and shipping, all you need to do is find profitable products and list them. This allows for flexible working hours and, if done right, can bring in significant revenue without needing a physical storefront.

How To Start An Online Business

Starting an online business is easier than ever, but it still requires some planning. Here are the key steps:

  1. Choose Your Business Idea: Start with an idea that matches your skills, interests, and market demand. What do you enjoy, and where can you add value?
  2. Identify A Niche: Look for gaps in the market. Focus on a specific audience or unmet need that you can address with your product or service.
  3. Research Your Market: Understand your competitors and target market. Who are you competing against, and how can you stand out? 
  4. Set Up Your Business: Learn the basics of accounting, taxes, and legal requirements for your online business. These steps will vary depending on your location, but they’re critical for long-term success. 
  5. Build Your Brand: Develop a strong brand identity, including your business name, logo, and messaging. Your brand should reflect what you offer and resonate with your target audience. 
  6. Launch And Market: Create a marketing plan that includes a website, social media, and email campaigns. Leverage SEO strategies to drive organic traffic and consider paid advertising if it fits your budget. 
  7. Get Customers: Through word-of-mouth, content marketing, or social media, start getting your first customers and building credibility.

This is just the gist of it, if you are serious about your intentions, I recommend diving into this article that explains how to start a business in-depth.

How To Develop Your Business Idea

Finding a business idea is easier than you think. You probably have a dozen business opportunities available to you at this moment just based on your skills and resources. Tapping into those ideas, however, may need the answer to the following questions:

  • What are my strengths? Look at your skills and experience. What are you good at, and how can you leverage that? 
  • What would I pay for? Consider the products or services you already spend money on. Chances are, if you value something, others do too. 
  • What do people compliment me on? Sometimes the things that come naturally to you are what people will pay for. Whether it’s cooking, problem-solving, or design, pay attention to what others recognize in you.
  • What do I enjoy doing in my free time? Turn your hobbies or passions into a business. If you already enjoy an activity, scaling it into a business will be more sustainable in the long run.

Two Rules To Remember

Shifting into an entrepreneurial mindset can be exciting, but it’s easy to get caught up in time-wasters and the wrong details. To stay focused and build something sustainable, keep these two essential rules in mind:

Online Business Rule #1: It’s about your customer…not you.

The most successful businesses are customer-focused. When developing your product or service, always ask yourself: What does my customer need? How can I help them? 

The key is to think beyond your personal goals and consider how you can solve a problem for your audience. You might want more flexibility or financial freedom, but your customers are only interested in how you can make their lives easier, healthier, or better.

Online Business Rule #2: Passion isn’t everything.

Passion is a great starting point, but it’s not a business strategy. You need systems, processes, and the right market fit to turn your passion into profit. Successful online businesses are built on repeatable processes, market demand, and real value to customers. Passion will drive you, but a solid business model will keep your business running.

The Most Important Rule: Just Start

You’ve got the ideas, you know the rules—now it’s time to take action! You don’t need to have everything figured out. The important thing is to start. Set up a simple website, offer your services, sell a product…each step brings you closer to your goal. Focus on progress, not perfection, and you’ll be surprised at how far you can go.

Ramit Sethi

 

Host of Netflix’s “How to Get Rich”, NYT Bestselling Author & host of the hit I Will Teach You To Be Rich Podcast. For over 20 years, Ramit has been sharing proven strategies to help people like you take control of their money and live a Rich Life.