If COVID-19 taught us anything, it was the importance of the internet! When we couldn’t be near each other in person, the next best option was virtual. Brick and mortar businesses had to quickly pivot to becoming contactless, and online businesses were already set up for success. If you had some online business ideas, it was a good time to implement!
There’s little doubt in my mind that diversifying your income became a looming thought for you during the swirl of the coronavirus pandemic. Starting a business is a great way to supplement your income. More importantly, starting an online business can help you weather any pandemic! Keep reading for 6 online business ideas to take you to the next level.
6 Online Business Ideas to Take You to the Next Level
#1 Become a Virtual Coach
Is there a particular skill that you’ve mastered? Do friends or family members always ask you for help on a certain topic? If so, you have the makings of becoming a coach—and more importantly, a virtual coach! The coaching industry has continued to grow at exponential rates over the past few years, and the entry point is easier than you think!
If you’ve gotten results from yourself or someone else in a particular field, you can start operating as a coach and seeking others to get results for. You can become a social media coach, a quilting coach, a baking coach, a finance coach…the options are endless.
Does the thought of helping others (and making money from it) excite you? Then becoming a virtual coach may be the online business idea you need to take you to the next level. If you want to learn more, I offer a business coaching programand can walk you through the ins and outs of getting started and up and running for success.
#2 Tutor or Teach Online
Maybe you don’t want the hassle of starting your own business, seeking new clients, or managing the other aspects that come with running a coaching business. If those tasks daunt you, but you still love to teach and help others, then consider becoming a freelance tutor online.
Wyzant is one of the leading online tutoring companies. You could apply to become a tutor and get paid for your work. The more tutoring clients you take on, the more money you can make! The beauty is that you’ll tutor from the comfort of your own home.
#3 Create an Online Course
I didn’t fully understand the power of an online course until I created and released Money Management Mastery for Working Women. I spent a lot of time up front to outline and create the course, but once everything was complete, it was just a matter of selling it.
I’ve launched the Money Management Mastery course multiple times and I’m continuing to make money off of my initial one-time investment. An online course is a great idea for an online business, but also as a passive income source. Sure, it’ll require some maintenance, but the majority of the work is completed in the beginning.
#4 Offer Digital Products
There are other options outside of online courses that can provide passive income. Creating digital products like eBooks, workshops, virtual events, and more is another great online business idea. Maybe the thought of teaching excites you, but you don’t want to work with people 1-on-1. You can put all of your knowledge into a digital product and sell it!
Similar to online courses, digital products are great rinse and reuse offers. You do the upfront work and then continue to make money off the item. You’ll have to think through how you’ll want to deliver your online products, but that’s easy enough!
#5 Start a YouTube Channel
Did you know there are people making tens of thousands of dollars a month off YouTube, just in ads alone? If you start a YouTube channel and grow your subscriber base, you can start making money just from those videos. It may take some time to get to the thousand-dollar mark, but if you keep with it, it will happen!
#6 Become a Digital Content Writer
Are you a fan of writing? Would you like to make money just by writing content on specific topics? If so, then you can become a digital content writer and get paid for it. A lot of companies are constantly looking for content in the form of blog articles and more. You can take advantage of this demand by offering freelance writing services.
It may take some time for you to work up to a high salary, but it will certainly be worth it if you’re a fan of writing. You can start by seeking out work on Fiverr or Upwork. Then, start pitching yourself to major blogs and brands that need consistent content.
Related: A Step-by-Step Guide to Starting an Online Business
An online business should be high on your priority list if starting a business has been on your mind. Thankfully, the overhead is low and the start-up costs are the biggest initial investment. You can get started online for little cash. You can also keep your expenses low until the revenue starts coming in! Have you considered starting an online business? Which online business idea speaks to you the most? Post a comment below to share!