Thinking of starting an online business? Don’t know which one to start? Not to worry, we have got your back. In this article, we are going to explore the 37 best business ideas to start online today.
The pandemic has led many entrepreneurs to shift their focus to online ventures, taking advantage of the booming market as more people opt for online shopping. The range of online businesses is vast, spanning from selling on platforms like Poshmark to running online casinos.
In addition to selling goods, there’s a plethora of services you can offer online. If you have the necessary skills, you could start a freelance writing business, provide SEO consulting, delve into web design, offer virtual assistant services, or even start your own blog. The options are endless.
Explore the online business ideas we’ve outlined here and choose the one that suits you best.
37 Online Business Ideas
Online businesses over the past years have drastically increased. All thanks to the growing technology, and the changing world, where the changing times made the businesses start differently, and managed.Â
In such changing times, and with new low-cost business ideas evolving everyday, businesses have started building online. Here are such 37 online business ideas that you can start today:
37 best online business ideas:
- Digital marketing agency
- Social media management
- Lead generation
- Freelance writing
- Dropshipping
- Internet service provider
- Start a blog
- IT consulting
- Ecommerce store
- App development
- Graphic design
- Online resale
- SEO consulting
- Amazon business
- Proofreading
- Video game company
- Web hosting
- Web design
- Podcast
- Virtual assistant service
- Email marketing
- Affiliate marketing
- Online gambling
- YouTube channel
- Subscription box
- eBay business
- Webcam business
- Crypto mining
- VoIP business
- Cyber security company
- Sell on etsy
- Copywriting
- Online billboard
- Poshmark business
- Virtual mailbox
- Virtual office
- Live streaming app
1. Digital marketing agency
As the pandemic persists, many individuals are finding themselves working remotely from home, leading to a surge in online activities. Likewise, companies are adapting by shifting their operations online and implementing digital marketing strategies to engage with their target audiences.Â
The global digital marketing industry is currently experiencing exponential growth and is projected to exceed $786 billion by 2026.
If you’re considering starting your own digital marketing venture, now is an opportune moment. It’s crucial to stay updated on the latest industry trends and familiarize yourself with the steps involved in establishing a business.Â
While there aren’t definitive rules for success in this relatively new field, studying how other companies have built their businesses can provide valuable insights.Â
Take the time to thoroughly educate yourself about the intricacies of the industry before launching your inaugural social media post or digital advertisement. Once you’ve equipped yourself with this knowledge, you’ll be well-equipped to navigate the realm of digital marketing.
2. Social media management
Social media stands out as one of the world’s fastest-growing industries, boasting a remarkable 20% annual expansion over the past five years, with projections indicating an even more astounding 25% annual growth rate up to 2026.
By then, it’s anticipated to become a nearly trillion-dollar industry, making it an opportune moment to dive into this dynamic arena.
Embarking on a social media business venture can range from starting a blog focused on the media industry on platforms like LinkedIn to creating a comprehensive Instagram business with a significant following engaging with your content and products.Â
Regardless of the scale, effective marketing will be paramount to success. Establishing connections with your target audience on the appropriate platform will be the primary objective.Â
Therefore, before diving in, conducting research and experimenting to determine the platform and user profile that align best with your interests is essential. Once identified, carving out your niche will pave the way for building a reputable brand.
3. Lead generation
Are you excelling in your marketing role but feeling weary of working under someone else’s direction? If that resonates with you, perhaps it’s time to contemplate starting your own lead generation business.Â
This industry ranks among the fastest-growing globally, with a staggering projected growth of 300% by 2028, reaching a valuation of nearly $100 billion. Many companies seek the assistance of lead generation firms when venturing into new markets or expanding their presence in existing ones.
If you possess the ability to utilize digital marketing and other online strategies effectively to generate valuable leads, you could become an invaluable asset to numerous major firms while also securing a rewarding livelihood by offering them this essential business service.Â
Determining the lead generation strategy that aligns best with your strengths, whether it’s online advertising, content marketing, social media, or another approach, is crucial. Additionally, assembling a competent team to support your efforts and laying the groundwork for a robust business foundation is imperative.
One of the pivotal initial steps involves acquiring references and recommendations from satisfied previous clients who have benefitted from your work and the leads you’ve provided. These testimonials are likely to play a vital role in securing your first clients for your new venture, setting you on the path to success.
4. Freelance writing
In today’s era of social media and digital marketing, there’s a wealth of opportunities awaiting talented and imaginative writers capable of resonating with any audience.Â
In the United States, the employment outlook for writers and authors is promising, with a projected annual growth rate of nearly 10% through 2030. If you’re eager to leverage your writing skills and creativity, venturing into freelance writing could be a lucrative path to explore.Â
You could contribute content or ghostwrite for a variety of platforms, including magazines, books, blogs, organizations, and corporate clients.
However, freelance writing is no walk in the park. You’ll be contending with millions of other writers on well-known freelancing platforms, so establishing your brand as a writer is essential.Â
Start by creating a blog or website, establishing a presence on social media and professional networking platforms, and connecting with fellow writers to potentially secure your first client.Â
It’ll demand plenty of hard work, patience, and unwavering dedication to carve out your success in this competitive field. Nonetheless, once you begin to attract clients, you can anticipate a steady influx of contracts coming your way.
5. Dropshipping
Dropshipping has become an increasingly popular business model where online stores can sell products without the hassle of managing inventory. Instead, when a shop owner receives an order, they simply contact the supplier, who then ships the product directly to the customer.Â
Advanced dropshipping apps like Oberlo have already emerged, enabling business owners to offer a wide range of products from various suppliers simultaneously.
The market for dropshipping is growing rapidly, presenting significant opportunities for daring entrepreneurs. However, because launching and running a dropshipping business is relatively easy and inexpensive, competition has become fierce.Â
To stand out in this crowded field, your dropshipping venture will need to offer either uniquely appealing products or, more commonly, a top-notch customer service experience, from the moment of order placement to delivery.
6. Internet service provider
Amidst the world’s digital revolution, the internet has become a vital service, generating approximately $450 billion in global revenue in 2020 for internet service providers.Â
The market continues to expand, presenting ample opportunities even for newcomers like yourself, making it a prime time to consider launching an internet service provider (ISP) business.
Whether you’re aiming to start small or take on the industry giants, you’ll need to invest in essential infrastructure like servers, cable lines, and other equipment.Â
Conducting thorough research is essential to address common questions such as required investment, fundraising strategies, legal and technical considerations, and customer acquisition tactics.
While some may doubt the profitability of offering internet services due to the ease of switching between providers, effective positioning of your products and services can encourage customer loyalty, making it more likely for them to stick with your ISP.
7. Start a blog
In the age of podcasts, you might have assumed that blogs had lost their appeal. But you’d be mistaken. The internet hosts over 600 million blogs, with more than 2 million new blog posts going live every day.Â
In the United States alone, the number of blogs has reached about 32 million, showcasing steady growth. Notably, Substack, the platform for blogs and newsletters, has recently surpassed one million subscribers.Â
Consequently, there’s a significant opportunity for ambitious entrepreneurs interested in diving into this vast market by starting a blog business.
The initial investment required is minimal. Essentially, all you need is a reliable computer and decent wifi connection. However, the primary challenge lies in conceptualizing the purpose or mission of your blog business.Â
You might opt to raise funds to support hungry children or to provide essential news to your local community. Once you’ve identified your niche, it’s crucial to leverage your network across platforms like LinkedIn, Facebook, and Instagram to connect with writers in related fields and invite them to join your venture.Â
Offering discounts, incentives, or rewards can sweeten the deal and entice them to come on board.
Once you’ve secured a couple of seasoned bloggers, you can expect paid advertisements to start flowing in, propelling your blogging business toward success.
8. IT consulting
In our increasingly digital world, it’s no surprise that businesses are seeking guidance and insight on how to navigate and leverage this evolving technological landscape.Â
This explains the rapid growth of the IT consulting industry in the United States, which is already valued at over half a trillion dollars. With further expansion anticipated in the coming years, there’s never been a better time to establish your own IT consulting firm and become part of this thriving field.
The key component here is expertise. If you hold a degree in computer science, IT, or engineering, and have gained experience working in related roles at reputable consulting or tech firms for a few years, you possess the qualifications needed to embark on a career as an IT consultant.Â
While setting up a strong website and registering your business are essential steps, soon enough, you could be offering your tech insights to top-tier businesses.Â
By delivering quality consulting services to your initial clients, you’ll gradually build a solid reputation, receive referrals, and pave the way for success as an entrepreneur.
9. Ecommerce store
Do you have a brilliant business idea but feel lost about where to begin? Nowadays, the internet often serves as the ideal starting point, as a plethora of ecommerce ventures have thrived in recent years.Â
While everyone’s familiar with giants like Amazon, there are also countless smaller businesses contributing to what has now become a $4 trillion global industry.
With many people confined to their homes, ecommerce revenues surged by over a quarter in 2020, and the growth trend continues, indicating robust opportunities in this market. To succeed, you’ll need an enticing, sought-after product, a user-friendly website, and a well-thought-out marketing strategy.Â
If you’re willing to invest significant time and money, your new ecommerce venture stands a strong chance of success. After all, someone has to be the next Jeff Bezos, right?
10. App development
Have you ever stopped to consider just how frequently you rely on mobile apps? Chances are, it’s countless times a day, highlighting the immense growth of the app industry worldwide.Â
Currently valued at over $465 billion, the global app market is projected to expand by nearly 40% by 2026. If you possess some tech savvy, you could capitalize on this growth by launching your own app business and charting a path to significant success.
However, reaching that point won’t be as effortless as simply unlocking your phone. Firstly, you’ll need a stellar idea for your inaugural app. Once you’ve settled on that, you’ll need to handle the development and coding, followed by vetting and approval from major app platforms like Apple and Google.Â
But here’s the real challenge: persuading smartphone users that your app offers something truly unique and valuable amidst the sea of competing apps vying for their attention.
You might assume that’s the easy part, but many entrepreneurs fall into the same trap. Even the most ingenious apps require a meticulously crafted marketing strategy to gain traction. After all, anyone can create an app; the real challenge lies in getting people to actually use it.
11. Graphic design
Effective graphic design plays a vital role in the branding and marketing strategies of almost every business, making it a consistently sought-after service. After experiencing steady growth, the graphic design industry in the US is now valued at nearly $14 billion, presenting substantial opportunities for ambitious entrepreneurs.Â
You could establish your own graphic design business from the comfort of your home, collaborating with clients globally, and transforming your creative passion into a prosperous career.
However, to succeed in this field, you’ll need a strong creative inclination and proficiency with graphic design software and tools. If you lack a relevant degree, you can enhance your graphic design skills by enrolling in courses offered on platforms like Udemy.Â
Additionally, conducting market research to identify current trends in graphic design and pinpointing any gaps in the market that align with your skillset is advisable.
Clearly defining your offerings, identifying your target clientele, and devising strategies to differentiate yourself from competitors are all essential elements for success in this industry.
12. Online resale
Let’s delve into a flourishing industry, shall we? In the upcoming years, the apparel resale market is forecasted to grow a staggering 11 times faster than the overall clothing industry, with the bulk of this expansion occurring online.Â
Several factors contribute to this surge. Firstly, younger demographics like Gen Z and Millennials are gravitating towards sustainability, thrifting, and nostalgic fashion trends. The resale sector predominantly sources its merchandise domestically, thereby avoiding the supply chain challenges encountered by major retailers.
Now, the pressing question: How will you approach the resale of your goods? One option is to utilize well-established online marketplaces such as Etsy and eBay. Alternatively, you could collaborate with resale-focused platforms like ThredUp.Â
A third avenue involves creating your own resale website. While this grants you the freedom to showcase your unique style and develop your brand, it does entail additional costs.
Regardless of the path you opt for, maintaining a reliable supply of quality goods for resale and delivering exceptional service will likely keep your cash register ringing.
13. SEO consulting
If you’re well-versed in the strategies needed to boost website traffic, it might be time for you to venture into your own SEO consulting business. SEO, also known as search engine optimization, is a thriving field that’s attracting more professionals.Â
There’s still a significant demand for individuals with the right skills and expertise. In 2022 alone, SEO and internet marketing consultants in the US raked in approximately $55 billion.Â
As more businesses seek assistance in establishing or expanding their online presence, the SEO consulting market is projected to grow by at least 5% annually through 2027.
Before diving in, however, it’s crucial to understand the current market landscape and observe what other SEO professionals are offering. Typical services provided by an SEO consultant include web marketing, keyword strategy, web analytics, content strategy planning, and link building.Â
You can showcase your capabilities to potential clients by promoting your own website. With a creative digital marketing strategy, you should be able to kickstart your business successfully.
14. Amazon business
Do you have fantastic products but haven’t ventured into online sales yet? One of the easiest places to begin is with the world’s largest retailer, Amazon, granting you instant access to 300 million global shoppers.Â
Regardless of what you’re offering, becoming an Amazon seller allows you to showcase your goods directly to a vast array of customers and businesses. Moreover, for an additional fee, Amazon fulfillment can handle all aspects of shipping, returns, and customer service on your behalf.
While it might seem daunting initially, getting started with Amazon is actually quite straightforward. You simply need to select a selling plan (either individual or professional), determine your approach (whether you’re a reseller or brand owner), set up an Amazon seller account, and begin listing your products on your new seller’s page.Â
As long as your products are appealing and you provide strong marketing and descriptive content, you should start seeing sales in no time.
15. Proofreading
Do you possess a keen eye for detail? Are you quick to notice grammar, spelling, and punctuation errors while reading?Â
If so, embarking on a proofreading business could be an ideal career path for you. With the increasing popularity of content marketing, there has been a surge in demand for proofreading services.Â
In the United States alone, close to 8,000 proofreaders and copy editors are employed, and the demand for proofreading services is expected to grow by at least 6% annually through 2029.
Operating a proofreading business can be an excellent way to earn income from the comfort of your home. Proofreaders conduct the final quality check just before a manuscript or any text is published.Â
Your potential clients include publishing houses, newspapers and magazines, as well as other businesses seeking outsourced proofreading for various documents, marketing materials, manuscripts, academic papers, and other content.Â
To ensure the success of your proofreading business, you’ll need to establish a strong online presence and hone your networking skills to connect with potential clients.
16. Video game company
Almost 230 million Americans across all age groups engage in playing video games, and the majority express their intent to continue even after social distancing regulations are relaxed.Â
The rapidly expanding video game market, valued at over $95 billion, beckons to you if you’re considering launching a new video game.Â
Who knows?Â
Your creation might even rival the popularity of games like Minecraft, Fortnite, or League of Legends. So, why wait? Start your own video game company today.
If you’re in charge of designing the game, you’ll need to collaborate closely with a scriptwriter and graphic artist. Building your team is crucial, so begin by brainstorming ideas for your game’s features, characters, storylines, and more.Â
While you can operate this business from the comfort of your home, it’s essential to register it and ensure compliance with legal requirements. Once your game is developed and tested, it’s imperative to apply for a patent, ensuring it bears no resemblance to existing games.Â
Launching a video game company is no walk in the park, but the rewards can be immense if your game manages to capture the audience’s interest.
17. Web hosting
Thinking about launching your own web hosting business? Well, you’re in for a treat!
In today’s world, nearly every business requires its own website, leading to a significant surge in demand for web hosting services. In fact, the global web hosting industry is projected to triple by 2028, generating a staggering $267 billion in revenue.Â
This market is among the fastest-growing worldwide, presenting an incredible opportunity for you to hop on board and ride the wave of growth to substantial success.
To kickstart your journey, it’s wise to enhance your knowledge. Fortunately, there are plenty of free and affordable online courses available to help you gain a solid understanding of the industry.Â
Next, you’ll likely need to recruit a technician or two to handle the technical aspects of web hosting and website services. Lastly, before you begin marketing your services, ensure you’ve obtained all the necessary licenses and certifications.
With your preparations complete, you’re now ready to embark on hosting websites and provide a vital service to numerous businesses.
18. Web design
Do you know of any legitimate business that doesn’t have a website? That’s right—in today’s digital landscape, having a decent website is crucial for any business hoping to be taken seriously.Â
That’s why web design has become a $40 billion industry experiencing steady growth, especially as the number of new businesses in the US reaches record highs.Â
With all these new companies needing websites, there’s never been a better time to launch your own web design business and shape a promising future.
Firstly, if you’re not already an established graphic designer, you may need some training. Luckily, there are plenty of helpful options available, including online educational platforms that offer subscriptions allowing you to enroll in as many classes as you’d like.Â
Alternatively, many universities offer affordable website design certification courses. Once you’ve sorted out your training, the next crucial step is building your own website, which needs to be outstanding if you want potential clients to trust your skills.
With some effective social media marketing, you should be able to attract a client or two. Impress them, and you’ll be well on your way to achieving success in the design industry.
19. Podcast
The number of Americans tuning in to podcasts is expected to increase by approximately 5 million each year until 2024. The majority of podcast listeners belong to the millennial demographic, and their preferred platforms for listening are Apple iTunes and Spotify.Â
Podcasts primarily consist of digital audio files, predominantly used for entertainment purposes. However, they can also serve educational objectives and aid in branding and raising awareness about important issues.
Launching your own podcast may seem daunting, but by getting your podcast on platforms like iTunes or Spotify, you instantly gain access to millions of listeners not only in the US but globally as well.Â
Podcasts on iTunes can be streamed or downloaded on Apple devices, while those on Spotify are accessible on both Android and iOS devices, desktops, smartphones, smart TVs, and even gaming consoles.
Submitting your podcasts for upload on iTunes or Spotify is a straightforward process. However, the real challenge lies in attracting an audience to listen to your content, especially when competing against established podcasters with tens of thousands of loyal followers.
20. Virtual assistant service
Twenty years ago, the job didn’t even exist, but thanks to new technologies and the significant increase in remote work during the pandemic, the virtual assistant industry is experiencing rapid growth.Â
After years of steady expansion, the market is projected to surpass $4 billion by 2025. This means that now is an excellent time to kickstart your own virtual assistant business.
To clarify, we’re referring to a human assistant, not a digital or AI-powered one, who offers administrative, technical, and creative services to clients remotely, via the internet.Â
If you possess a strong business skill set, you can start with minimal investment and operate the company from your own home while catering to clients worldwide. You can gradually acquire additional skills, thereby expanding your revenue streams and the rates you can charge.
With dedication and a bit of luck, you’ll soon find yourself aiding businesses in running more smoothly and efficiently, all while earning a good income for yourself.
21. Email marketing
In today’s digital era, one of the most crucial tools for businesses is email marketing. It’s a marketing technique where you communicate with your current and potential customers via email, informing them about your products, services, and promotions.Â
If you’re considering starting your own email marketing business, you’re heading in the right direction. The email marketing industry in the US is valued at approximately $2 billion and is steadily growing. Globally, the total revenue is anticipated to surpass $10 billion by 2023.
A key aspect of an email marketing business is the mailing list. To ensure the success of your venture, your list should comprise individuals who are interested in or have previously purchased products or services similar to what you offer.Â
You might even acquire customers for free by utilizing specific tools that allow people to sign up for your list without disclosing their email addresses. Additionally, employing the right software is essential to maximize the effectiveness of your email marketing campaigns.
22. Affiliate marketing
Just barely 15 years old, affiliate marketing has become one of the hottest segments in the advertising industry, utilized by 80% of leading businesses.Â
The affiliate marketing industry is valued at over $6 billion and continues to experience robust growth, presenting a lucrative opportunity for newcomers to enter the market and thrive.
So, what exactly is affiliate marketing? Essentially, an affiliate marketer earns a commission for successfully promoting another company’s products or services.Â
For example, if you were an affiliate marketer for Amazon, you might share a link to an Amazon book on social media. Subsequently, you would receive a small portion of any purchases made by customers who clicked on that link.
Starting an affiliate marketing business is relatively straightforward. You can operate it from the comfort of your own home and work at your own pace.Â
You could dedicate yourself to it full-time or maintain it as a supplementary revenue stream while nurturing your own startup. Regardless of your approach, it’s crucial to monitor the outcomes of your marketing endeavors to gauge how your click rates and success evolve over time.
23. Online gambling
Thinking about diving into the world of online gambling and starting your own business? Before you do, ensure you operate in one of the six states where online casinos are legalized: New Jersey, Pennsylvania, Michigan, Delaware, West Virginia, and Nevada.Â
Seven other states have proposed legislation in hopes of following suit. The online gambling market was valued at over $2 billion in 2020, and it’s anticipated to grow by at least 17% annually over the next five years as more bettors transition from offline to online gambling activities.
If you’re ready to embark on this venture, begin by selecting a software provider. With numerous options available, it’s essential to thoroughly research each provider’s advantages and disadvantages.Â
Once you’ve chosen your software, curate your gambling content and apply for a license. Additionally, establish secure and reliable payment processes.Â
Finally, develop your website and promote your business across social media and other platforms. With dedication and effective marketing, you’ll soon see your business flourish!
24. YouTube channel
Thinking about launching your own YouTube business? That’s a fantastic idea! Nowadays, the possibilities for online businesses are limitless, and platforms like YouTube offer excellent opportunities to get started.Â
In 2021, YouTube’s ad revenue surged by an impressive 25 percent, indicating that now is the perfect time to get involved.
Undoubtedly, YouTube is a potent tool for businesses. However, knowing the best approach to start a YouTube business can be a bit challenging.Â
If you possess expertise or skills that are in high demand, consider creating a series of videos and establishing your own YouTube channel.Â
To attract viewers, share your videos and expertise on various social media platforms and inform your family and friends about your channel.
As you consistently deliver high-quality content, you’ll gradually accumulate subscribers, and that’s when the ad revenue begins to flow in. With persistence and dedication, you’ll see your YouTube business thrive.
25. Subscription box
Who doesn’t adore receiving packages? That’s precisely why Amazon has experienced such rapid growth, and why subscription box services, involving the regular delivery of specialized items like organic produce or artisanal clothing, have swiftly emerged.Â
A decade ago, the budding subscription box industry generated around $57 million in revenue. Today, it’s valued at nearly $20 billion, and its remarkable expansion is anticipated to persist through 2027.
You could venture into your own subscription box business, providing top-notch products to customers who value them, all while claiming a slice of this thriving market.
You have the option to offer a wide array of products, ranging from food and beverages to grooming, wellness, fitness, apparel, books, pet supplies, and more, allowing customers to customize their deliveries.Â
Alternatively, you could specialize in a single product line, such as New England jams and jellies, and include a surprise gift in each delivery box.
To kickstart your venture, delve into research on the subscription box market, identify successful trends, and be on the lookout for opportunities to fill a niche in the market. Once you’ve secured an outstanding supplier, you’ll be well on your way to subscription success!
26. eBay business
Despite the emergence of Etsy and other online platforms, eBay remains a formidable player in the e-commerce landscape, disproving any notion of being outdated. In fact, eBay experienced a remarkable 19% revenue growth in 2020.Â
As the leading online auction platform, generating $10 billion annually, eBay anticipates continued growth in the foreseeable future. If you’re fond of online deals, starting your own eBay business could lead to substantial earnings as you ride this wave of expansion.
An eBay business holds immense profit potential and serves as an excellent avenue to launch your entrepreneurial journey without requiring significant upfront investment.Â
The beauty of it lies in eBay having already laid the groundwork for you – providing a robust sales platform, a vast customer base, verifying the reliability of buyers, and implementing a system to ensure fair market value for goods.
The crux of your eBay business success will likely revolve around determining the type of products you’ll offer. Will it be vintage T-shirts, war memorabilia, trendy sneakers, or something entirely different? With eBay, the possibilities are truly endless.
27. Webcam business
So, you’ve made the decision to venture into the webcam business. That’s fantastic! A webcam, also known as a web camera, is a device that streams images or videos in real time over the internet.Â
It serves various purposes including streaming, surveillance, monitoring, telehealth, online tutorials, and video conferencing.
Did you know that in the US alone, there are at least 11 million meetings conducted each day?Â
With a significant portion of the workforce transitioning to remote work over the past couple of years due to the pandemic, many of these meetings now occur via video conferencing. This trend presents a promising outlook for the webcam market.
Before diving into your webcam business, it’s crucial to familiarize yourself with the different types of webcams, their applications, and the latest advancements in the field.Â
For instance, some webcam models boast enhanced resolution and increased storage capacity. Establishing a strong online presence will be key to attracting clients.Â
Staying updated on the latest market trends will enable you to provide valuable insights and advice to your customers.
28. Crypto mining
Are you considering delving into the world of cryptocurrency mining?Â
You’re in good company.Â
The ranks of cryptominers are swelling rapidly, driven by the soaring demand for bitcoin and other digital currencies. Globally, the crypto mining market is poised to exceed $5 billion by 2028.Â
Cryptomining involves the verification and creation of currency and is legal in the US, although it’s essential to review local regulations.
Embarking on a crypto mining venture presents its challenges, but it’s certainly achievable. You’ll require powerful computers, mining software, and either an eWallet or an encrypted online bank account.Â
Keep in mind that only verified cryptominers are eligible to mine. To become verified, you must join an online mining pool and grasp the intricacies of the highly complex crypto mining process.Â
In addition to downloading mining software, it’s imperative to equip yourself with the appropriate security software to shield against illicit attacks. Establishing a crypto mining business demands both financial investment and time, but once operational, it can yield significant returns in relatively short order.
29. VoIP business
As the adoption of cloud-based VoIP (Voice over Internet Protocol) services continues to rise, there’s significant potential for profit in the VoIP business. The global VoIP market is expected to skyrocket to nearly $200 billion by 2026.
VoIP enables users to make voice calls and share multimedia content over internet protocol networks. Its popularity surged during the pandemic, which prompted many companies to embrace remote work setups.Â
Nowadays, online learning is prevalent in schools, industries rely on virtual meetings and events, and medical consultations are often conducted virtually.
Launching a VoIP business can pose challenges, but with careful planning and the right software and hardware, it’s achievable. Compliance with federal requirements and state regulations is crucial.Â
Having technical expertise, or partnering with someone who does, to set up and manage your server is essential. Assembling a technology support team and creating a professional website are key steps toward success. Best of luck!
30. Cyber security company
Ensuring cybersecurity stands as one of the foremost challenges in the realm of digital transformation. This is why the demand for cybersecurity expertise has been steadily increasing.Â
The US cybersecurity market is anticipated to generate close to $60 billion in 2022. Globally, this market surpasses $150 billion and is expected to experience a staggering 125% growth by 2026.
If you possess white hat hacking skills, embarking on a career path in cybersecurity might align perfectly with your aspirations. White hats, also known as ethical hackers, actively prevent cyber attacks in real-time.Â
Alongside ethical hacking, it’s advantageous to acquire proficiency in computer forensics and to grasp concepts such as cloud security, blockchain security, internet of things security, and artificial intelligence. Effective communication skills can further enhance your prospects in this field.
Before launching your company, securing relevant certifications is imperative. Ensuring legal compliance for your business is equally essential.Â
With adequate training and access to cutting-edge tools for data and system protection, success in this domain is entirely feasible.
31. Sell on etsy
Since the pandemic compelled everyone to stay indoors, millions have embraced their artistic talents, sparking a significant surge in handmade goods. Leading the charge is the online marketplace Etsy, which saw its revenue double in 2020 alone, exceeding $1.72 billion.
If you possess a hobby or craft skill—such as sewing, crochet, vinyl cutting, jewelry-making, woodworking, or screen printing—you could launch your own Etsy business.Â
Not only will you provide people with enjoyable products, but you’ll also indulge in your passion while earning a decent income! What could be better than that?
Moreover, you’ll have the flexibility to work from home and set your own hours.Â
A great way to kickstart your venture is by exploring Etsy and analyzing existing product offerings to identify a niche in your area of expertise. Once you’ve pinpointed your specialty, you’ll be on the path to online success!
32. Copywriting
Do you excel at crafting compelling articles under tight deadlines? If so, starting a copywriting business might be the perfect fit for you.Â
Copywriting offers a lucrative and fulfilling career path, especially for entrepreneurs with a knack for creativity and a strong grasp of the English language.Â
Given the high demand for copywriters in marketing and advertising, this business venture holds great potential. In the US alone, there are projected to be over 15,000 job openings for writers, including copywriters, annually through 2030.
While finding clients may seem daunting, it’s entirely feasible. One effective strategy is to build your personal brand on social media platforms by creating captivating headers accompanied by engaging text and visuals.Â
Consistently sharing valuable content and maintaining a positive and interactive online presence can significantly enhance your visibility. If you aspire to work with multiple clients simultaneously, start by expanding your client base and developing a robust portfolio before taking on additional projects.Â
With a wealth of creativity at your disposal, you’re well-equipped to embark on your journey in the copywriting business.
33. Online billboard
If you’ve been considering diving into the world of online billboards, now is the perfect time to seize the opportunity. As the economy rebounds and businesses recover from the pandemic-induced recession, spending on online billboards is expected to soar.Â
In 2020, the US witnessed an estimated $140 billion in online advertising revenue, showcasing robust performance despite the challenges posed by the pandemic.Â
This trend is projected to continue in the coming years as internet users increasingly embrace online ads as an integral part of websites, videos, and podcasts.
To kickstart your venture, you can create tailored online billboards for specific businesses such as restaurants or retail outlets. These customized billboards can then be sold to targeted businesses, aligning seamlessly with their marketing strategies.Â
Essential to your success will be the establishment of a creative design team capable of crafting visually captivating images and crafting engaging messages to adorn your online billboards.
34. Poshmark business
If you’re an entrepreneur with a keen eye for style and a flair for creativity, diving into the world of Poshmark could be an exciting venture for you.Â
Poshmark stands as a thriving online marketplace where registered users trade secondhand and pre-loved fashion items, amassing a staggering annual value of nearly $2 billion.Â
Despite the challenges posed by the pandemic, this market continues to flourish, with projections indicating sustained growth in the years ahead, especially as the platform expands into European markets.
Launching a Poshmark business eliminates the need for investing in a physical store, as everything operates seamlessly online. With access to over 80 million users, your reach extends far beyond what traditional channels could offer.Â
Poshmark’s user base spans across the US, Canada, and Australia, providing ample opportunities to sell a variety of pre-loved goods ranging from clothes and shoes to home decor and beauty items.Â
Getting started on Poshmark is a breeze – simply create an account, list your items with a few clicks, and once you make a sale, shipping through PoshPost is hassle-free. Happy selling!
35. Virtual mailbox
The burgeoning digital nomad industry is fueling the demand for virtual mailboxes. If you’re considering starting a business, delving into the realm of virtual mailboxes might be worth exploring.Â
Essentially, a virtual mailbox furnishes you with a physical mailing address to receive letters and packages, even while you’re on the move. Who stands to benefit from this service?Â
Well, more than 15 million Americans identified themselves as digital nomads or remote workers traversing various locations as of 2021. Additionally, individuals working from home can utilize a virtual mailbox to handle their mail and packages from afar.
When establishing your virtual mailbox business, bear in mind that you’ll be entering a market teeming with established platforms offering myriad locations, enticing packages, and other perks.Â
To carve out a niche in this competitive landscape, you’ll need to either outshine these offerings or devise unique services to capture a portion of the market.Â
You’ll have to employ creative marketing strategies to promote your business effectively. With dedication and innovative thinking, achieving success with your virtual mailbox venture is entirely feasible.
36. Virtual office
Are you an entrepreneur seeking ways to sustain your business operations without the constraints of a physical office space? If so, a virtual office business might be the ideal solution for you! It offers cost-effectiveness, convenience, and enhanced flexibility.Â
Essentially, in a virtual office setup, businesses receive essential services like a mailing address, phone number, and secretarial support without the need for leasing a traditional office space.Â
The industry is experiencing a surge in growth due to the escalating number of Americans embracing remote work opportunities. Projections indicate that total revenue is poised to grow by at least 15% annually through 2027, surpassing the $100 billion mark.
Before launching your virtual office business, it’s crucial to fulfill all regulatory requirements in your state and city, procure necessary hardware and software, assemble a proficient team, and devise a robust marketing strategy.Â
While catering to a broad target market may seem appealing, considering specialization in specific segments could prove beneficial. Overcoming these initial challenges will set the stage for the success of your virtual office venture!
37. Live streaming app
The rise of platforms such as Twitch, YouTube Live, and Facebook Live underscores the growing desire for real-time content. Entrepreneurs entering this arena have the chance to serve diverse interests, whether it’s gaming, educational sessions, fitness classes, or live events.Â
Success stories of influencers and brands leveraging live streaming for engagement, marketing, and monetization further highlight its potential as a lucrative online venture.
Starting a live streaming business doesn’t necessarily require substantial investments in high-end equipment right away. With a decent camera, a stable internet connection, and user-friendly streaming software, one can launch their live streaming channel.Â
As the audience expands and demand grows, there’s room for diversification and expansion. This could involve introducing interactive features, collaborating with others, or implementing various monetization strategies such as advertisements, sponsorships, or premium content.
Hey, I am Sachin Ramdurg. I run and manage futuredecider.com website that helps students, graduates, and professionals, to find and decide on their future career with ultimate future career advices and future career guides. I have an overall 12+ years of career guidance experience in multiple domains which has helped multiple students, graduates, and professionals to find the best career path for their future.