For whatever reason, whether you hate your 9 to 5 job or you love the idea of being your own boss, you’ve decided to start a business. Some have even taken the hit of the 2020 COVID-19 Pandemic and have been given the freedom to do so. Check out our other post on How to Start Your Own Business to further learn about the details in starting out.
Before you focus on the details, you need the idea. You need to know where you want to start a business in. It’s always best to follow your skills and passion, but I will provide a list of 4 areas where it’s best to start an online business:
- Freelancing
Becoming a freelancer is known as the best way to start your own business, since you’re only working for yourself and doing what you love. You use your existing skills and passion to gain employees that need your specific skillset. It’s a fast and profitable route since it only requires your skills, passion, and interest and costs nothing to start.
For example, if you’re a graphic designer, copy writer, video editor, or photographer, you have specific skills that are hard to learn. You could create services on platforms like Fiverr that highlight your work and skills to those that need them. You would be creating and doing what you love every day and getting paid for it!
- Online Retail
The online retail industry is all about selling products. Maybe you make your own products, buy products cheap and sell them for higher prices, or buy broken items and fix them. You use a platform that specializes in retail work to make your products visible for consumers to buy.
For example, if you make shoes, you have products that people need for their day-to-day lives. You could display your products on services like Amazon, that do all the work of storage, packing, shipping, and returns. This leaves room for you to focus on getting customers to buy your products.
- Software Engineering and Development
This industry deals with creating, testing, and supporting software on platforms and websites. If you specialize in software engineering and development, this route could come with a lot of opportunities for you. The nature of the software development industry makes it ideal for contract employment.
If you’re a tech and software enthusiast, this choice may be the best for you! You would most likely start off as a salary employee but work your way up to be a self-employed contractor. Statistics even say that the demand for software developers will increase by 21% around 2028. Along with these opportunities, you even have the luxury of working from home.
- Affiliate Marketing
Affiliate marketing is the process of promoting other people or companies’ products. If you’ve already started the process of a business and have a website, you can make money by simply allowing advertisements on your website. Finding a product, you like and promoting it with your business allows a share of the profit that person or company makes from it. With this, you can even gain experience of promoting your own products.
Let’s say you already have a successful business and other people want you to promote their products by putting advertisements on your website. This is an easy and fast way to earn a large income. Some affiliate marketers make seven figures every month as an income!
Hopefully this list with evaluations acts as a motivator for a path to success. There are endless possibilities in each of these markets and others. The Real REBEL encourages you to find a path that works best for you!
Check out this video on our YouTube channel that further discusses the 5 books to read for business.
Be the R3BEL.