Let’s start with the definition of an online business itself.
Online business is the practice of engaging in some sort of profitable activities digitally.
Worldwide, online business is a mammoth industry in itself. As per an estimate, there are more than 20 million online businesses across the globe.
Before we start discussing some unique online business ideas, let us understand whether its worth to step into the online business world. We would also be discussing the advantages, the disadvantages & the pre-requisites of an online business.
Is it worth starting an online business?
Read the success stories of these entrepreneurs who grabbed internet business opportunities & made millions in the process.
There are various advantages of an online business like:
- Easy to start
- Low cost of operation
- Simple & convenient to operate
But all that glitters is not gold!
Following are the disadvantages of an online business:
- Not easy to get customers
- Basic IT skills needed
- Not so secured source of income
Online business is not a ‘get-rich-quick’ kind of scheme. Someone who says so is simply lying or selling his or her stuff. Be careful.
Therefore, before you decide to plunge into the online business world, I would like to list down some pre-requisites.
You will need to invest
- A few bucks as well
With these thoughts in mind, let us dive in & discuss some unique online business ideas that have the potential to generate serious kind of money.
9 UNIQUE ONLINE BUSINESS IDEAS THAT CAN MAKE $ 5,000 A MONTH
1. Sell A Gig On Fiverr
Fiverr (https://www.fiverr.com) is a marketplace where you can sell small & repeatable (yet technical) services or gigs to a wide audience. Most gigs here are priced at $5.
For example: If you are a writer then ask yourself “What can I do for $5?”. Your answer may be like a resume, cover letter, translation etc. These are the gigs you will be selling on Fiverr marketplace.
Please note that it’s not necessary that you price your gigs at $5. You can obviously charge more depending upon the complexity of the task. The advantage of going with $5 gig is that you can expect volume sales which may not be possible with a higher price point of say $50.
Step 1: Go to fiverr.com & sign up by clicking on “Become a Seller” link (at top right corner)
Step 2: Create your gig & offer it to the world. Done!
You will start to earn the moment someone buys your gig.
2. Be A Virtual Assistant Without A Technical Skill
For this, you need to use an internet marketplace Amazon mTurk (https://www.mturk.com/). Basically, it’s a web platform which enables people to earn from part-time online activities like information gathering, data processing, tagging photos etc.
As can be seen, most of these tasks are mechanical in nature & doesn’t require any technical skill. Follow these steps:
Step 1: Sign up for Amazon mTurk with a worker account
Step 2: After signing in, click on ‘HITs’ where you can find a list of tasks assigned by ‘requesters’.
Step 3: Click on ‘Qualify’ against a particular task to apply. Done!
mTurk marketplace is backed by the mighty Amazon itself. So, rest assured that your payment is safe & will arrive on time.
3. Sell Printables Without Printing, Selling & Distributing
Printables mean printed day-to-day consumables like t-shirts, cups, phone cases etc.
This unique business idea isn’t so hard to execute as it sounds. No, you don’t need to buy raw material, manufacture or print designs. How?
Enter SpreadShirt (https://www.spreadshirt.com).
With this magical platform, all that you need to do is upload a design & the rest is taken care of by the platform itself. Yes, you heard it right. SpreadShirt will ensure that your design is printed on materials (like t-shirts), marketed & distributed to customers.
Take an example: After you upload your t-shirt design, SpreadShirt will make t-shirts (with your design), list them on their platform & handle the sales operations like delivering & customer support.
The platform claims to pay its sellers generously. If a t-shirt worth $20 is sold to a customer, you can expect a final payout of $12. That’s kind of cool!
Step 1: Go to Canva (https://www.canva.com) & create a printable design
Step 2: Sign up for a seller account on SpreadShirt by clicking on “Sell on marketplace” link
Step 3: Upload the Canva design to SpreadShirt platform. Done!
Make sure that your design stands out or else it won’t catch eyeballs of the visitors.
4. Make & Sell Infographics
Infographics are a graphical representation of useful information. They are easy-to-digest & visually appealing. Hence, loved by audiences.
Infographics can generate a lot of money if you make & market it in a correct way. Don’t believe me? Check out this post.
Step 1: Make a bunch of useful infographics using Venngage (https://venngage.com).
Step 2: Sign up & submit the infographics at ShutterStock (https://www.shutterstock.com). Done!
ShutterStock has tiered royalty rates’ structure for contributors. Do check out their website for more details.
5. Sell Professional Photos Without Being A Pro
With the advent of digital business, the demand for professional photos has sky-rocketed in the past decade. They are used by professional web designers, filmmakers, digital marketers & many more. So, why not make money by selling these professional photos?
You don’t need to have a professional photography equipment or be a pro to do this. I will show you how.
Step 1: Google for some basic photography tips
Step 2: Take some beautiful photos with your phone camera
Step 3: Go to Polarr (https://www.polarr.co/editor/0) & edit the photos to give them a professional touch
Step 4: Upload the professional photos on Alamy (https://www.alamy.com/) & start earning royalty
Alamy pays a whopping 50% royalty to its contributors!
6. Give Consultation & Training On Skype
Everybody possesses one or the other skill that can be taught. What’s yours?
Then, why not train others about the skill that you possess? No, you don’t need to conduct physical classes. Let me show you how it’s done.
Step 1: Download the Skype software & sign up. Skype is an easy & professional way to video call anyone in the world.
Step 2: Sign up for a PayPal account. PayPal is a digital wallet that makes receiving payment(from clients) hassle-free.
Step 3: List your training service on Craigslist. Craigslist is a classified advertisement platform comprising of various sections like jobs, services, gigs etc.
Step 4: Accept payment on PayPal & start training your clients on Skype. Done!
So, the process is simple. Market yourself on Craigslist, accept payment on PayPal & provide training on Skype.
Examples of some skills that are best suited for Skype training: Yoga, singing, dancing, music etc.
7. Make & Sell E-Commerce Websites To Retail Stores
This is my absolute favorite online business strategy.
Because it’s easy to execute & has got huge market potential.
With ever rising competition retailers today are battling out for new customers, revenue & profit margin. The idea is simple. Give them what they want. Give them customers, order & sales. How? Build an e-commerce website & sell the same to retailers.
Before you panic let me assure you that building an e-commerce website is super easy when you have the right tool with you.
You can easily build an online store using Shopify’s drag & drop builder within a matter of few minutes. Then, obviously, you will need to customize the store with the retailer’s products & related descriptions. The whole exercise may take from a few hours to few days depending on the number of products.
Follow these steps to execute this strategy flawlessly:
Step 1: Go to retail stores in your locality & try to get some of them on board.
Step 2: Buy a domain name on NameCheap. Example:xyzretailstore.com
Step 3: Go to Shopify & sign up for a free 14 days trial.
Step 4: Buy a Shopify e-commerce theme from ThemeForest (This is optional. You can install a free theme that comes integrated with Shopify)
Step 5: Install the aforesaid theme into Shopify & customize the store by adding products, description, logo etc. Watch the following video for complete tutorial:
Step 6: Give a demo to the retailers (on the processing of orders) & finally raise an invoice. Done!
8. Earn By Writing
Have you ever thought that writing can help you make money? Well, think again. It’s possible.
There are numerous platforms like Contena, Blasting News, Listverse etc, those pay writers generously for submitting good quality content.
These platforms pay anything between 100$ to 200$ per article. So, to make $5000 a month, you simply need to write & upload 25 to 20 articles a month. Good deal!
But please note that these platforms have strict quality control so make sure that you brush up your writing skills before applying.
Step 1: Sign up at the aforesaid writing platforms
Step 2: Apply for open jobs/tasks/projects on the platform
Step 3: Write & Earn. Done!
9. Make (Without Coding) & Sell Games
Gaming is perhaps one of the fastest growing industries in the world. But, how to make a business out of it? Oh yes, you aren’t a game developer & know nothing about coding.
Well, that’s where platforms like GameMaker (https://www.yoyogames.com/gamemaker) step in. Using GameMaker, you can build any kind of game simply by dragging & dropping elements.
Follow these steps to build & monetize games:
Step 1: Sign up on GameMaker & build a game application
Step 2: Export the game in your preferred format (Windows, Android etc.)
Step 3: Sign up on the platform where you wanna sell the game (Windows Store, Google Play Store etc.) & publish the game there. Done!
I have covered 9 unique online business ideas in this post.
Most of these ideas are :
- Suited for beginners
- Without substantial investment
Also, each of these ideas has the potential to generate more than $ 5,000 a month. In fact, once you establish an authority in any of these fields, the sky will be the only limit.
A word of caution here: In money world, Ideas are often over-rated. What really matters is the execution of these ideas. As already said in the introduction, you will need to invest time, some money & effort in executing these ideas.
The better the execution, the more success you will have.
Once you taste the initial success, make sure that you scale your business further with strategic planning & the right tools.
What do you think of the aforesaid unique online business ideas? Which one is your favorite? Please comment below.