Online business ideas for beginners 2021 – The 7 most profitable
This post ‘Online business ideas for beginners 2021’ is aimed at providing a clear blueprint of all the common and most profitable online business ideas for beginners. If you have already started researching this, you have probably found a ‘guru’ that has stated that a certain idea is the best way to earn money and all the other ideas are old and saturated. Only to come across another ‘guru’ who says another idea is the only options, will all other ideas being too old or saturated etc. So here is a CLEAR introduction on the most common and profitable online business ideas for beginners, allowing you to have an unbiased view on what’s best for you.
- Membership website
- Sell digital products
- Affiliate marketing
- Amazon selling (FBA)
Online business ideas for beginners 2021
Blogging is one of the best online business ideas for beginners if you have a creative side or particular interest. It is probably more of the fun options as you can share your knowledge and engage with your readers. It’s not easy, as you need to be producing high quality content that will bring your readers back for more. Once that you have created a following, you can charge a small money subscription for access to additional content. You can supplement this by adding Google ads to your website via Google Adsense or recommend affiliate products (we’ll cover this in point 5).
Pros and cons
If you enjoy teaching and writing, then you can join the many other bloggers that do this for a full-time income. Multiple streams of income via ads, subscriptions and affiliate products. Furthermore, it’s very low risk, as you only have to pay for hosting and a domain name which will cost less than £10 a month. The con? especially at the start, it’s hard work to create a following and write post after post of high content.
If you want to start, check out this FREE video tutorial and get started within the next hour.
An ecommerce is an online store. Pick an industry such as clothing, makeup, electronics, homeware and then look for wholesalers to purchase products in bulk. Focus on products with a high mark up, allowing you to keep healthy profit margins. Once the shop is set up, the main task is to drive traffic to your website via online marketing techniques. Ecommerce has become a very popular and easy to set up online business. A lot of people have had success creating their own little online business.
Pros and cons
The main advantage is that you can set up an ecommerce relatively quickly. Choose the products you want, ship them in, sell them and ship them out. You don’t need any specific skills or be creative. The main con is that an ecommerce will require investment i.e. buying products and storing them. It is one of the most common online business ideas for beginners, however you need to make sure that everything is planned.
Membership websites are one of the top online business ideas for beginners 2021. Over the last few years it has become popular due to creating a passive income. Rather than push for sales and marketing every month, your members just pay a monthly subscription. You can create a membership website for any industry such as fitness, tutorials, design and more. Check out our membership website tutorial via the button below. The tutorial teaches you to build a membership website from scratch, set different member levels, set prices, automatically receive monthly payments and offer free trials. It’s a very unique tutorial you won’t find anywhere else.
Pros and Cons
The main con is that it will take time to market your website and start getting members. However, it will build up slowly and eventually the main pro will appear: receiving monthly membership payments and just focusing on updating the content rather than trying to market products all the time. This is why it seen as one of the best online business ideas for beginners 2021
Selling digital products
Selling digital products is one of the top online business ideas for beginners 2021 for a couple of reasons. Unlike an ecommerce, you don’t need to purchase wholesale products to ship. You will create your own digital products such as tutorials, PDFs, guides, programmes etc to sell. The benefit is that you have an infinite amount as it’s just an electronic file. You just to need to figure out how to set up a website that automatically sends the digital products to customers. If this is something you are struggling with, check out our video tutorial with the button below. Learn how to build a site from scratch that automatically recieves payments and automatically emails download links to paying customers. This means you don’t have to do anything.
Pros and cons
The main pro is that you don’t need to invest any money into buying products, having to ship or manage stock. The main con is that you need a skill or knowledge to create a product that someone will want to buy.
Affiliate marketing is when you are paid a commission for selling someone else’s product. There are platforms such as Clickbank, Amazon, Awin and Shareasale which let you sign up to be an affiliate. You choose a product you want to sell, a unique link is generated, you add that link to your blog and when a visitor purchases a product via that link, you receive a commission. You will need a blog and start creating a following, so this does relate to blogging. It is one of the most popular online business ideas for beginners as it can be integrated with blogging to create multiple streams of income.
Pros and Cons
You can earn some great commissions just by adding a link to blog posts. However the main con is that you need to create a blog and put a lot of time into creating high quality content.
Dropshipping is the concept of ecommerce, whereby you sell a product on your store. However, rather than you buy and store a product, a dropshipping supplier will send the product from their warehouse on your behalf. Create an ecommerce store, do some research on shopping wholesales and start selling.
Pros and cons
The main pro is that you don’t need to invest in stock and store it at home. However this does affect profit margins as the company are storing etc. Furthermore, if there are issues with the product, you are liable financially. This means that if a product is returned, you miss out.
Amazon selling (FBA)
Similar to ecommerce and still one of the most popular online business ideas for beginners 2021. You will find products to sell within your industry and sell them on Amazon rather than your own ecommerce website. You also pay a small amount for Amazon to store your products. When you order products, they are automatically sent to the Amazon warehouse and are shipped to paying customers. The main benefit is that Amazon has a lot of website traffic, meaning that you don’t have to market your own ecommerce website.
Pros and Cons
A great pro is that you don’t need to create traffic to your own website. Furthermore, you don’t have to store your own products. However, a lot of people have stated that your profits are cut with a lot of Amazon fees. Others have stated that it can be hard in certain industries as sellers that have been around for a long time will price you out.