Take a look at our collection of profitable online business ideas and learn which online business is most profitable nowadays! First, you have to know that just like in the typical business the source of income on the Internet are the customers. The easiest way to get customers or visitors to your website is the traffic from search engines like google.com or bing.com. In case of selling items or services where there is a lot of competition, it’s hard to break through to the first page of search results on Google.com and it may require significant financial outlays. Another way to get traffic to your site is to buy google adwords or facebook contextual advertising. Many companies also apply so called whisper marketing, which instructs the mass production of posts recommending your product at industry forums or blogs. Similar results, and sometimes much better is achieved also thanks to outsourcing mailing campaign (sending emails to a broad or specific audience). Another sales channel, without need to have your own website is selling on auction sites (like ebay.com). The downside is, of course, need to pay sales commissions and listing fees.
Which internet business is profitable and what can you sell on the Internet? I’ll skip all kinds of services that you can get customers on the Internet in this post, because you can find merchants basically on any service. But when talking about the profitability of any services which you need to perform yourself (and which gives birth to a physical product), not being able to have them outsourced to other people, will not bring you great profits. In this model, the more orders you will have, the more you earn. This causes, that the execution of these orders requires more and more time. And this is the quickest way to torment yourself to death. So I decided to focus in this post on Internet business, which produces some virtual goods, that is something you can’t touch, but what exist and what you can sell in any quantity.
What kind of online business is most profitable then?
Online store where you can sell physical products (the disadvantage is the need for packaging and sending items using the postal services) or virtual products (access to content or tools).
Offering the service, after which the client gets a report on e-mail. Offering the virtual services are e.g.: search engine optimisation for websites, access to some tools with which you can perform some tasks faster, selling codes for games, sale of Web hosting, domain names, etc. This service can be and the best as if it were in the form of a subscription.
Renting a website that generates traffic from keywords entered in a search engine that can generate sales. For example: someone has a page on cosmetic surgery, which is visited by 500 unique visitors a month. It would be best, of course, if such a site would generate entries with keywords connected with the name of the region or the city. Then you know that the person typing in the search engine “plastic surgeon New York” is looking for a particular service. In this case, when we have such a page in the top ten of search results we can get in touch with the city’s surgeons and offer them getting additional several clients per month. If for such a surgeon, depending on the specialty, one client is worth even a few thousand dollars he may pay you a few hundred or a few thousand for renting your site. In this type of online business you earn as long as your site appears in the search results for specific phrases. A variation of such hiring business is having a few sites on various topics, to get the traffic through SEO, or thanks to appropriate selection of easy-to-rank keywords in articles and implementing ads there.
Brokering in the sale of a product and getting a percentage of that sale for e.g. price comparison sites. Such mediation is also called the affiliation, and consists of the company’s products recommending in exchange for a percentage of sales. For this purpose, even simple blog would be suitable because people like to read the subjective opinions of others on the subject.
The sale of applications, for example programs like AntiViruses etc. The upside is that in this business model you can expand customer base practically indefinitely. Disadvantage is that you must update and work on the software all the time to suit your clients’ needs. You can also emit every year just a newer version of the program, which has more features than the previous version. You can also sell the truncated version of the program for $200, but charging an additional monthly fee of $20 for the use of additional features.
Sites which offer access to the database of some professionals in the field like language tutors. Visitors have access to such data for free, being able to choose anyone they want and seeing a contact to a tutor without having to pay a dime. Tutors, however, who announce on that Web page and want to gain new customers must pay a monthly rate so the data remained visible in the database. Subscriptions for full access to all features of announcements are also offered by online dating sites etc.
Selling trainings – many professionals from various fields sells theirs Web-based courses. The product must be well created in terms of marketing and must promise something like bringing some benefits to a person who decides to purchase it. In that business bestsellers are such courses about making money or making more money by using the tricks describe by its author. Other popular courses tend to be about personal development or working on the body and mind, because they promise to improve the standard of living.
Which online business is most profitable? There is no secret that the most cost effective is a business where you can expand customer base from month to month. A perfect example of this type of business is to sell Web hosting services or any other services, where the customer pays a monthly or yearly subscription. For example: in one month you’re gaining 100 paying customers with $100 per year. In the next month, by investing in advertising and you got the next 200 clients, in the third again, 200, etc. After 12 months your customer base is already 2200 people, with revenue of at least $ 220000. Providing good customer service and a high standard you can count on that those 2,000 people will extend your subscription for another year. As a result, next year you are collecting next 2,000 clients, being in total at least 4,000 people paying a subscription. You must of course take into account the costs of good service for such a number of clients. And you have to take care of your customers so they not move to another provider. Costing is essential before starting this type of business, for substantial, profitable income. It is worth noting also that in subscribing business you do not need to bother with changes in the search engines resulting in reduction of your website traffic. This cannot be said about other types of business, which I described here. Of course, then you can still earn traffic and customers through paid advertising, but in some cases it may simply prove to be uneconomical in comparison with “free” to a certain extent, search engine traffic. Which online business is profitable? I think it’s clear now, although you have to remember that starting subscription business is not at all easy.