Top 10 most profitable online business ideas in 2018

Top 10 most profitable online business ideas in 2018

With the digitization of the world, online businesses are flourishing like never before, and the trend is expected to continue over the next decade.

Online trading is probably the best option for entrepreneurs to start their business. I say this because an online business can be started with a small investment and have less overhead than a traditional business.

However, thanks to online business, you can easily target the global audience.

Is the online business profitable?

I have been researching online businesses for quite some time. In this article, I will share with you the best online business ideas based on my research. These ideas will greatly help you build your business online.

Of course, where there is an opportunity, there is also competition. So be sure to do your own research on the business, including financial analysis and competition before jumping on the cart.

Note: Please note that this article focuses on long-term online businesses. Most of these companies require a medium to high investment.

If you are looking for jobs online without investment, you can check out my article about online jobs from home without investment

Most profitable online business ideas in 2018

Below you will find the list of the best business ideas online from 2018.

1. Blogging

The reason why blogging my list is that you can start blogging with a minimal investment. As long as you are ready to put extra effort into writing quality articles, learn and implement SEO and do content marketing alone, the blog will cost you almost nothing

I started Bloggerz Arena with just $ 12.18 that I used to buy Hosting and Domain with the special 1 GoDaddy hosting offer. After buying the host, I installed WordPress on it, I chose a free WordPress Repository theme, I installed Free Plugin and I started writing articles.

Aside from hosting costs, my only investment was the time and energy needed to research new topics and write fresh, quality articles that will benefit readers of my blog.

With blogs, you can make money with all or some of the 3 methods below

Post ads on the blog, usually through Google Adsense. You are paid by ad impression (CPI) or ad click (CPC)

Affiliate Marketing in which you promote the product or services of a company to your readers. You are paid by the company every time someone buys a product or service using your affiliate links.

Paid and paid positions.

While all the above methods can give you a good income, most beginners often end up choosing the wrong method of monetization which is one of the reasons why bloggers fail to make money. So be sure to choose a monetization method that best suits your blog niche

Remember, blogs are not just about writing quality articles, but also about keyword research, implementation on SEO, backlinks (SEO) and content marketing.

2. Start a YouTube channel

YouTube is a great way to make money if you are able to make videos that people would like to watch. The videos could be anything from cooking to stuffing to satire. And if you can make videos that can become viral on the Internet, you can earn much more than you ever imagined.

According to Forbes, the best YouTuber, Pewdipie, earns $ 12 million a year. It's serious money by any standard, anywhere in the world.

However, on YouTube, you can only monetize the original videos that you have created. Copyrighted videos will be deleted, or the original video creator will be able to monetize them even if it has been downloaded by you.

I will not go into the details of the YouTube channel because I have already written detailed articles on How to monetize YouTube videos and also the top 20 YouTube videos that you can use to create your own YouTube channel.

3. Website design

Web design is a good online business to start in 2018. With websites such as Upwork and Freelancer.com, people from developed countries can easily recruit experts in developing country web design because they get quality services at lower rates. On the other hand, freelancers in developing countries also get higher rates than they would get with offline projects.

Many people in developing countries start their web design career as freelancers and after establishing themselves, they start their own business employing the workforce to work for them.

4. Android application development

Android phones now have a monopoly on the smartphone market. Its closest competitor, IOS, is not even close enough to the size of the entire Android smartphone market. And it seems very unlikely that Android will have stiff competition in the near future.

That's why small online businesses and merchant sites are slowly moving towards Android for business promotion, as it gives them a better conversion ratio. Thus, the development of Android applications would certainly be on the rise for the rest of the decade or probably the next decade too.

5. Online grocery store

Let's face it, we hate everyone who spends his weekends shopping for the week ahead. This is when online grocery stores are useful.

With online food stores, one can easily buy groceries from the comfort of their home and have the same delivered for free or for a small fee on their doorstep. This can save them hours of product research and long queues in a supermarket.

For entrepreneurs too, it turns out to be a better option than conventional stores. Online stores do not require you to buy a store in expensive areas. You can always rent a cheap storage space on the outskirts of the city where you can store groceries to deliver through the city.

A website, a few marketing, 3-4 delivery boys and a cum account manager accountant is all you need to start your online grocery business. Your initial investment and overhead costs would only be a fraction of what it could be for a traditional store.

In addition, unlike local stores where you can get customers from local areas, with an online store, you can meet customers throughout the city.

6. Online Tutoring

If you are a teacher or someone who likes to teach, online tutoring may be the best option for you. In my opinion, this is one of the best online business ideas because you have nothing to pay out of pocket for being an online tutor. There are many websites such as Tutor.com where you can register and start teaching your favorite subject. Some websites may require that you have the relevant qualifications and experience, while others may not have such criteria as long as you are familiar with the subject.

Alternatively, if you have the necessary money and marketing skills, you can consider starting your own teaching website from scratch and doing some marketing for the same. This can certainly give you higher returns, but the risk-reward ratio is high.

7. Sell courses online

Online education revenues are not recurring. You are paid for the number of hours you teach. Classes could be all that people can find useful. From math to English, to affiliate marketing and money, you can do online courses for everything.

In this way, you can avoid paying commissions to a third party and you can offer the courses at a lower price. However, you will have to work very hard to promote your courses to the masses.

8. Sell your products on ecommerce sites

If you can buy certain items at a lower price than the market price, you can make a good fortune by selling it on Ebay. It is very easy to sign up with eBay. You just have to create an account with them and start selling your product after you have uploaded photos and details about your product with the price.

At eBay, you can sell new, refurbished and used items. It also allows you to sell imported electronic items without any guarantee.

However, Ebay is a small, disorganized place to sell your stuff. Many people do not prefer to sell on eBay because of the frauds associated with it. The same thing applies to buyers. If you are looking for a more organized way to sell your products, you can become a seller on Amazon.

But, unlike Ebay, Amazon is more specifically about the quality of the associated sellers. So becoming a seller on Amazon is not as easy as on eBay. At Amazon, it is mandatory for you to have a relevant sales tax registration to become a seller.

9. Management of social media accounts

All you have to do is answer all the tweets and Facebook posts / messages, forward customer complaints to the relevant department of a company and view the useful content provided by the account owner or by creating the same you . You will also be responsible for having more subscribers on social networks for the account you manage.

To get such jobs, you must be a social media expert or have a big fan following you. This is because managing social media profiles is not as easy as it sounds.

The image of a company / individual is at stake. So, they generally prefer to hire people who have decent experience with the same thing.

10. Design and sell products on PoD's websites

If you have a creative mind and can design t-shirts, wallets, mugs, etc., the PoD websites would be the way to go for you.

PoD stands for Print On Demand. On PoD websites, you can design different products with easy-to-use design software for the website. The drawings created by you will be displayed for the thousands of visitors who visit these sites.

Whenever someone buys your product, the website will print your design on a blank product and ship it to the buyer.

From product inventory to printing and shipping, everything will be taken care of by the website so you can focus on designing new products.

CafePress and Zazzle are the most popular on-demand print sites.