15 best online business ideas for 2022
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Abdul Wadood
Do you want to start an online business but don’t have an idea of what business to start?
If so, then don’t worry, you’ve come to the right place.
In this blog post, I have made a list of 15 best online business ideas for 2022.
Why is starting an online business in 2022 an excellent idea?
Starting an online business in 2022 is an excellent idea, and there are several reasons to support it.
I have explained some of them below!
Here is the graph that shows the number of digital buyers worldwide.
As you can see, the number of digital buyers is rising each year, and I am pretty sure the numbers will continue to increase in the future as well!
Reasons:
- The first reason is, an online purchase or dealing, offers so much more convenience to people as compared to doing it offline.
- The second reason is, the investment required to start an online business is much lesser as compared to starting an offline business. For example, opening a retail store in the U.S.A can cost you at least $5,000 (bare minimum), whereas an online store can be started with an investment of around $1,500. Which is better, you decide!
- The third reason is, online offers people various choices and information at the time of purchasing a product.
Ok, nice! Now, let’s see get into the list!
1. Affiliate marketing
Affiliate Marketing is a business model where you sell someone else’s product for a commission.
As an Affiliate Marketer, all you need to do is promote the product of others. You don’t have to deal with any storing or shipping of the products.
Most of the major companies in this world offer an Affiliate program, and it is easy to become an affiliate for them. All you have to do is to sign up for their affiliate program and provide the information they ask. Once done, you can start promoting their products.
The primary requirements to do an affiliate marketing business include a laptop and an internet connection, which nowadays are owned by almost everyone.
The secondary requirements include a website and an email marketing service, which costs $2.75/month, and $20/month, from platforms called HostGator and Constant Contact, respectively.
As you can see, affiliate marketing requires a minimal investment to get started. So, if you have a tight budget and ready to work hard, then affiliate marketing can be a great business to start.
2. Creating apps
Creating apps is a great way to make money online, because nowadays, people download so many apps to try and use them!
Sure, creating an app is a time-consuming and challenging job.
But it’s worth it!
It’s a one time job, and the money you will make from it is passive.
If you know how to develop an app, an investment of a few hundred dollars is way more than sufficient.
If you don’t know to develop an app, which is the case for many, then you can hire a developer to create it for you.
Now let’s discuss the topic of making money from the app below.
Note: I strongly don’t recommend anyone to earn through ads that display on your app. There are two reasons to support this.
The first reason is, you won’t have control over the ads that display in your app, so you will end up promoting a wrong product or advertisement to the people.
The second reason is, people don’t like ads to pop-up or display in the app they use. And, if the ads show, there is a high chance for them to uninstall the app.
Ok, now I will provide solutions to these problem!
The first way is to get sponsored by a brand. Unlike Google ads in this method, you can decide what products and advertisements to promote in your app and what not to!
Believe me; you can make so much more money through sponsorships as compared to Google ads revenue!
Moreover, you won’t be a victim of promoting wrong products and ads to people.
The second way to make money from the app is to make it paid. Many would argue that people will not spend money to buy an app, so and so.
But guys, if your app is good, people will surely buy it!
Always remember, quality speaks! Creating apps is a great way to make money online, because nowadays, people download so many apps to try and use them.
3. Freelancing
Freelancing is one of the most popular and easy ways of making money online.
It’s a kind of business that involves almost no risk.
To become a freelancer, all you have to do is, sign up in some freelancing programs like Upwork, where you can post the jobs you are good at, and if people are happy with what you offer, then they will pay you to do that job.
Being transparent with my readers, becoming successful in freelancing may take some months or even a year, but if you hold on tightly to the rope, without giving up, you can achieve success in it!
4. Social media consultant
Social Media Consulting is a great online business to start in 2022!
Social media is a huge marketing platform in 2022, especially those who lack technical knowledge, need social media consultants to promote their products.
As a social media consultant, all you have to do is market your client’s products in social media in a way that it sells.
You can choose to be a freelance social media consultant, or you can start your own social media consulting company.
I would suggest going with the second option, though it requires some amount of investment.
The reach of a social media consultant through his company will be much higher than being a freelancer.
As a result, your income will also be significantly higher.
5. E-commerce business
There are many kinds of e-commerce businesses that one can choose to do.
But among them, only a few models are good, and the remaining ones are bad.
The e-commerce business model I recommend starting is kind of similar to Dropshipping, but not the exact same!
Now, some might question me why not start Dropshipping then?
Your question is valid, but Dropshipping is a business model that died a long time back. Nowadays, people don’t trust the Chinese products that dropshippers sell on their website.
As a Dropshipper, you are just fooling people to buy products that can be purchased for a lower price on platforms like AliExpress by some smart marketing strategies.
Moreover, it takes, on average, 15 days for the customer to receive the product.
This business model is entirely irrelevant, and thankfully, it no longer works!
The alternative solution to conventional Dropshipping is to start a branded online store.
How to create a branded online store?
- Create an online store using Shopify as you would do for Dropshipping.
- Order the products in bulk (with your logo printed on it) from Chinese suppliers listed on platforms like Alibaba. The quantity of the product depends on your budget.
- Ask the suppliers to ship the products to your warehouse in the U.S.A.
- Don’t panic! You don’t need to spend thousands of dollars on a warehouse. Fulfillment solutions like ShipBob, offer you an inventory space for an affordable price. The pricing for storage costs starts from $5 to $40/month, and it might go up depending on your quantity.
- In addition to storing, fulfillment solutions like ShipBob will also deliver the products to your customer.
Note: In addition to storage costs, some other charges like receiving, shipping will also apply!
By following this strategy, you will be able to provide delivery times that are pretty similar to multi-billion dollar brands like Amazon. As a result, your customers will be happy, and they will buy products from you again!
Moreover, unlike Dropshipping, in this business model, you’re building a brand. Because of this, people will trust the products you sell!
ShipBob is NOT going to pay me even a dime if you use their product. I want to provide my readers with the best solution, and since I use ShipBob for my e-commerce business, I can confidently say that they do a fantastic job!
6. Amazon FBA
Amazon FBA is another type of e-commerce business that can be hugely profitable, provided you do it in the right way.
For the people wondering what does FBA stands for, it stands for ‘Fulfillment by Amazon.’
As an Amazon FBA, you need to buy the right products in bulk, the quantity depends on your budget, and then send them to Amazon’s warehouse.
Once sent, you can then list those products for sale on Amazon, and when a purchase comes in, Amazon will do all the hard work that is necessary to deliver the products to the customer.
A big plus of Amazon FBA is, you can make use of Amazon’s brand and its massive distribution network to grow your business.
Amazon FBA is a win-win business model!
7. Self-publish a book on Amazon
If you have the knowledge of writing books and want to make money through it, self-publishing your book in Amazon is a viable option.
Since Amazon is a big brand and has a strong customer base, the marketing issues you face as a new author will be lower as compared to selling the books yourself.
8. Sell products on eBay
Some might consider selling products on eBay an old method, but there are still many people making lots of money by doing so!
The process of selling products on eBay is quite simple.
You can visit your local store (for example, a gadget store) and buy gadgets on sale. Once purchased, you can then list them on eBay for a higher price.
If you find the gadgets to sell well, buy more of them and list them on eBay.
Rinse and repeat the process!
Sure, this requires some amount of knowledge and experience, but one can attain it over time.
9. Digital courses
Nowadays, many people prefer digital products over physical products because of the convenience it offers.
And, nowadays not many people are visiting a book store to buy a book.
As a businessman, you should make use of this excellent opportunity!
Always keep in mind this beautiful quote,
“If a window of opportunity appears, don’t pull down the shade.”
– Tom Peters
Creating a course is a time-consuming job, but it’s worth it. The course you upload will stay on the internet for eternity, and the money you earn from it is passive.
Ok, now some might say selling courses are difficult.
Honestly speaking, courses are challenging to sell, but once it gains popularity, you will see money flowing to your bank account.
You can promote your courses through various ways such as blogs, email marketing, and social media platforms like YouTube, Facebook, and Instagram.
10. Virtual assistant (VA)
All companies, from micro to big corporations, need someone to handle their regular, not-so-essential jobs, such as paying bills and managing emails.
Big companies will have the fund to employ a full-time Virtual Assistant, but that isn’t the case for small startups.
Small startups are always in a lookout for affordable VAs. You can consider this as an opportunity to grow your business.
To get clients, you have to mail a bunch of companies, and if they are interested in what you have to offer, they will reply you back.
It might take some time to get clients, but as always, patience is the key to success in any kind of business.
If you don’t like to reach out to companies individually, you can sign up for freelancing programs.
Once done signing up, you can list the services you offer along with your fees, and if someone is interested, they will pay you to do the job.
I would suggest reaching out to companies individually rather than being a freelance virtual assistant.
11. Consulting business
Consulting is one of the best businesses to do online. You can be a consultant in the filed in which you are an expert.
Yea, it is a difficult job, but there is a potential to make money from it.
As a consultant, you have to do is help your client solve the issue they face.
The amount of money that one can make from being a consulting is proportional to his level of knowledge and experience!
12. Paid Facebook group
Ok, being honest, the amount of money that can be made form a paid Facebook group is pretty less.
It is not a viable option for those who want to do it as a full-time job!
But, it is a good part-time business to do. Moreover, it is an excellent place to interact with people who have similar interests as you.
For example, if you like cars, you can create a paid Facebook group about cars, and the people paying for joining your group are most likely to be interested in cars!
13. Technical writing
If you like writing and the technical side of things, you will love being a technical writer.
As a technical writer, your job is to write about the technical stuff in a way people can understand.
Some examples of technical writing include the instruction manuals of gadgets and automobiles.
Many small companies that deal with gadgets and other electrical appliances need affordable technical writers, and there is a high chance for them to hire you if your language and writing skills are excellent.
Your earnings might be less at the initial stage of your business, but once you start gaining exposure, you will begin to get projects from big companies, and as a result, your earnings will improve.
14. Search Engine Optimization (SEO)
Search Engine Optimization (SEO) refers to optimizing a website in a way it can rank higher on Google and other search engines for a specific keyword.
The better the SEO, the better will be the traffic!
And the higher the traffic, the higher is the revenue!
Many companies lack people who are skilled in SEO, and because of this, they are ready to pay thousands of dollars to an SEO expert.
SEO can take time to master, but once you have learned it, you can make a lot of money.
Moreover, SEO can also be useful if you plan to start businesses like affiliate marketing, e-commerce, digital courses, etc.
So, SEO is a topic that is worth learning!
15. Lead generation
Leads are generally used for selling or advertising the products. Leads can be generated in various ways, such as email marketing, SEO, and many more.
Having read the above paragraph, you would have understood the importance of leads.
But, many small companies don’t have people to take care of lead generation.
You can use this is an opportunity to make those companies as your clients!
At the initial stage, you should reach out to companies yourself, this can be quite difficult, but that’s the nature of the initial step in any kind of business!
To attract more companies and individuals, try to provide services more affordable than your competitors. You can increase your pricing when you become an established player!
Summarizing, lead generation is a business model with the potential to make lots of money. Lead generation is a kind of business that won’t die unless and until people stop starting a business.
Conclusion
I hope this list of 15 best online business ideas for 2022 was useful to you.
There is a potential to make money from all the above-listed businesses; all you have to do is take action.
All the businesses that I have listed above can be started with a low investment.
Fix a goal to achieve and run towards it! Moreover, you should have the dedication to achieve your goal.
I wish All the Best to all all my readers who’re going to start an online business.
Be sure to comment on what business you are going to start, and if you have any doubts about that business, please feel free to ask me!
