5 Lucrative Online Business Ideas to try in 2019
It’s never been as easy to become a successful entrepreneur as it is now. There are countless benefits of taking your business online but I’ll name just a few:
- You can work from anywhere – a cafe, your couch, a deck chair on the beach in the Bahamas
- You can work on multiple devices and access all your documents via the cloud
- You can hire Virtual Assistants on opposite parts of the globe to help you get your work done will you sleep
Success Leaves Clues
But how do you know if your online business is going to succeed? Well, the easiest way to find out is to check out what others are earning in your field or the field you want to venture into and then emulate them.
And here’s a bonus: many online business owners share their income reports as well as their strategies.
Here are some of the online businesses I’ve investigated that have proven to be VERY lucrative.
Top Online Freelancers earn in excess of $100,000 a year. You can start out on a Freelancer site like Upwork or Fiverr, offering a niche service like creating a stunning consulting logo or writing SEO content and next thing you know, you have a thriving business.
One caution for freelancers though: You are still trading hours for dollars which means you may find your income is capped when you run out of hours in the day. If you can outsource your work to others and build a brand, you’re in business.
2. Affiliate Marketing
Affiliate marketers are making an absolute killing online, over a Million Dollars a year. I mention some of the top affiliate marketers I follow in this post as well as where you can go to get affiliate marketing training.
3. Online Course Creation
I’ve also been following some amazing ladies who have designed a living by creating and launching online courses. Melyssa Griffin, for example, makes about $250,000 a launch. (Oh, and she’s an affiliate marketer too). Teachable.com seems to be the no.1 breeding ground for successful online course creators and I’m sure it’s the platform I’ll be using when I launch mine.
4. Network Marketing
When most of us think of network marketing, we think of how it’s been done the traditional way. Face-to-face selling and recruiting. Home meetings. Maybe the Avon lady going from door-to-door.
However, many savvy network marketers today are building their teams and making their fortunes online, using social media to promote themselves, communicate with their prospects and leaders and train their teams.
Is network marketing going to make you rich? Like anything in life, only if you work for it. The Direct Selling industry often gets a bad rap because so many people join multi-level marketing companies simply to get the products at a discounted price and therefore never make any money.
Yet network marketers make astounding salaries. The top 200+ network marketers in the world are multi-millionaires earning $110,000 to $1,2 MILLION dollars per MONTH.
Then, of course, you can sell just about anything you like online.
Amazon has proven that. And it’s not too difficult to set up an online store on your own website. If I can do it, you can too.
Most online business owners combine some or all of these skills we’ve discussed. One thing’s for certain, becoming skilled at online marketing will always be an asset.
Feeling inspired? If your business is not online yet, it’s time.