If you have decided to quit your job, then you can try to become an entrepreneur in any field. You just need to identify the potential startup business opportunities in your niche domain. Fortunately, modern technology has offered people high-speed internet, Android smartphones, laptops, and other gadgets. Presently, there are different types of online jobs and business activities that you can undertake with less investment. However, you need to do some research to identify the potential opportunities and choose one that fits your expertise and knowledge. You can even plan to run solo. For startup business , you need to put in lots of hard work, have a sound business model, and have an exit strategy.
8 Online opportunities for a startup business
1. Web design
With the world going online and many people taking entrepreneurial activities, the demand for freelance web developers and designers is increasing. Although there is intense competition, remember that the market is overrun by under-skilled developers and designers offering cheap rates. If you have the right skills, exposure, expertise, and knowledge, you can provide your clients with a more professional and personal touch. Use free or paid online tools to produce top-notch sites. You can also opt for WordPress and choose page builders and good themes to develop quality websites.
2. Gig work
You can make money online in minutes. Research reputed sites like People Per Hour, Upwork Freelancer, etc. Craigslist is another place to get freelancing work. You can come across lots of gigs easily. However, such jobs cannot be scaled but are excellent ways to make some money. Find a job that best matches your expectations, abilities, and skills. Rare skills fetch more money than expected.
3. Amazon Selling
You can work for Amazon but as a freelancer outside their payroll. With Amazon Fulfillment, you can sell desired products from your home. The portal will collect your merchandise, pack and then deliver it to the concerned recipient. It also allows you to export or import merchandise products, thus increasing your business opportunities and revenue generation. Other available opportunities include affiliate marketing and self-publishing books that you can look into.
4. App development
The world has almost gone mobile and people use this device constantly to seek valuable information or to shop for products and services. With the right skills, you can develop apps for your clients or distribute your own.
5. Course creation
There are several sites that allow people to develop various types of courses, sell them, market and make profits. Online courses have only spiraled in demand, especially in today’s pandemic times, as students are facing prolonged lockdowns everywhere. Since the world is changing in its functioning, students of all ages are compelled to be prepared for more competition post-Covid. Some courses also offer professional development and help develop niche businesses and skills. With your unique expertise, you can organize as well as share your course with the world through this platform.
6. Etsy Selling
Esty is a fabulous platform for those who have skills in jewelry making, handicrafts, etc. You can even offer your customers customized solutions.
7. Influencer Marketing
Social media platforms are currently the craze among people of all ages. You can make substantial amounts simply by developing a large social following. But to achieve success, it takes a lot of time and patience. But some are found to gain fame overnight. Using your influence online can help make money. You just need to have the right personality.
8. Virtual Assisting
It requires minimal skills to become a successful virtual personal assistant. Certain businesses may be interested in hiring people to do the day-to-day routine work at low rates.
If you plan to take the online route, make sure to first identify your key skills and niche market. This way, you can derive viable opportunities for a startup business and enjoy success.