“There is no shortage of remarkable ideas, what is missing is the will to execute them” – Seth Godin.
Our guest writer, Kate Richardson, has curated 14 best online business ideas worth trying in 2024. Each online business has huge potential and can net you five to seven figures. Promise us you’ll try them.
Before we dive into the best online business to start in 2024, let’s quickly explore some of the perks of online business.
Benefits of starting an online business in 2024
Some of the perks of starting an online business include:
- Low upfront cost: Starting an online business costs little to nothing. All you need to start is a high-income skill, a PC, and WiFi.
- Flexibility: Online businesses allow you to decide your schedule and the kind of project you want to work on. You can also work from anywhere, whether at home, a coworking hub in a foreign country, etc.
- Easy scalability: The internet gives you global reach and a chance to sell to anyone anywhere online. Thus, with the right marketing strategy, there is no ceiling to how much you can make from online businesses.
14 Best Online Businesses Ideas to Start in 2024
“A business that makes nothing but money is a poor business” – Henry Ford
Do you want to have fun while making good side income? The following are 14 easy yet profitable online business ideas for 2024:
- Voice-over Services
Voice-over skills are in great demand in the media industry, where they are used in ads, movies, audiobooks, games, etc.
If you have exceptional voice and speaking prowess, voice-over business may be right for you. Depending on your experience, you may earn hundreds to thousands of dollars per project as a voice artist.
- Online Plant Nursery
Many people love being around flowery plants. If you love plants, you can start a nursery from home or order from a local manufacturer to help people fulfill their love of being around nature.
You can profit from an online plant nursery business by promoting it through blogging and social media.
- Digital Marketing Agency
Digital marketing services are in high demand, making it one of the best businesses to start in 2024. As a digital marketing agency, you’ll help small businesses grow their reach and online presence through various marketing strategies.
Due to its huge potential, you can make six figures comfortably as a digital marketing agency owner.
- Virtual Event Planner
Many businesses and individuals want to host virtual meetups to bring their customers and friends together.
If you enjoy bringing people together, virtual event planning may be a great business for you. A virtual event planning business is also easy to start. All you need to start is a tool subscription fee and a live-streaming service.
- E-commerce Personal Shoppers
Most busy people need more time to shop, which is where e-commerce online shoppers come in. As an e-commerce personal shopper, you’ll help people shop for various items online and deliver them to their location.
If you love online shopping and follow instructions accurately, you can make an extra income from a personal e-commerce shopping business.
- Freelance Writer/Editors
SMB owners often require freelance writing and editing services for their website’s content. If crafting a compelling message or polishing written copies is your forte, then freelance writing and editing are worth trying.
There are many ways to make money as a freelance writer, such as blog writing, copywriting, email writing, etc., making it a profitable and versatile online business.
- Virtual Assistant
To stay more productive, busy professionals often outsource their routine tasks. If you’re a productivity geek with high organizational skills, busy professionals may demand your passion.
Fact! As a virtual assistant, you’ll be responsible for drafting and replying to emails, organizing calendars, scheduling appointments, and other related tasks.
Consider niching down and building a roster of high-profile clients to scale up your business.
- Beta Reader
This one is for avid readers and book lovers. As a beta reader, you’ll read manuscripts and provide actionable feedback that helps authors improve their work.
You can create a gig on Upwork or platforms like GoodReads and BetaReader.io to attract clients.
- Affiliate Marketing
Affiliate Marketing involves recommending physical or digital products to interested audiences to earn a commission.
You don’t need to be a product owner to start an affiliate marketing business. Partner with manufacturers with reputable affiliate programs; you’ll earn money when someone makes an order through you.
You’ll need audience-building and blogging skills to succeed in this business.
- Coaching Business
Online coaches and consultants guide people to achieve their desired results. This often starts as one-on-one virtual meetings and then branches into group coaching with time.
The coaching and consulting business is very profitable, with top coaches like Justin Welsh making nearly seven figures yearly.
- Online Course Business
If you have a skill, consider packaging your knowledge into a course and selling it online.
Fact! By creating 3-5 courses priced at $50 each, you can comfortably make six figures as a course creator with a large audience.
Moreover, course creation is one of the most automated business ideas because it allows you to create once and sell online forever.
- Software Business
The SaaS market is expected to grow to $232 billion in 2024. This makes software business a good idea for 2024. If you have a passion for solving problems with technology, now is the time to go into the software business.
You can monetize your app through subscriptions, ads, or acquisition.
- Marketplaces
Shopify alone processes up to 10,978 requests every minute, which shows the highly profitable potential of marketplaces.
If you’re short of business ideas in 2024, consider becoming a seller on these online stores. The secret to making six figures as a seller is to supply a product in huge demand.
- Email Coaching
Email coaching is like normal coaching. However, the service is rendered via email.
As an automated online business, it’s very profitable, as coaches can sell the same course to several people simultaneously.
- Professional Gamer
As a professional gamer, you will try various interesting iGames and esports with cool themes and storylines for a chance to win cash prizes
In addition, the betting market, including virtual sports, has been growing strongly in recent years. Therefore, you can not only take part in the game, but also make a great bet in esports.
Here you can learn from the Canadian residents. They love to bet, take risks and win. For example, the famous Canadian gamer GooseBreeder in CS:GO easily bypasses hundreds of his opponents. Do people bet on him? We think so! As well as on other players. So we recommend you to choose Best bookmakers in Canada and enjoy the excitement of betting and the crunch of bills.
How Much Does It Take To Start An Online Business?
Starting an online business requires little to no capital investment. Most service businesses, such as consulting and freelancing, require very little upfront costs.
However, you need some cash for an online business that involves product selling, such as an online plant nursery.
Conclusion
You can start Those 14 types of online businesses at home in 2024 with little to no capital.
As you can see, there is an online business model for everyone, regardless of their talent or passion.
Which online business are you going to start?
Also Read: Unlocking Affiliate Marketing Mastery: Strategies for Success
