The future is online, and so is the present. In recent years, most people have gone through the transformation of a world of tangible products to one of intangible bits. Our economic behaviour, the information we consume, it all happens online.
We’re living in a world where even kids spend more time in front of a screen than outdoors. This trend is only believed to continue and whether you hate it or love it, you’ll need to deal with it somehow. And hey, why not make the most of it? Since everything is happening online, you should be able to cash out of it. In this guide we will therefore give you what we believe are the most profitable online business ideas in 2022.
The Most Profitable Online Business Ideas
In order to get to this list we have researched the opportunities and future of some of the most feasible online business plans. There is one challenging one that we save for last, but this is also the most profitable one of all options. If you think this guide contains tips and tricks to get rich overnight, this post is not for you. The 7 tips below are only for those who are dead serious about starting their online business. Ready? Let’s go for it.
7. Give Online Training
There are more and more people realising that the stuff they learn at universities really has nothing to do with what happens in real life. At the same time, online alternatives have become increasingly popular. We haven’t seen so many courses to be taught online and although covid definitely had its part in this, this trend is not expected to slow down anytime soon. There has been increasing demand in e-trainings and this is particularly true for specific fields of interest that give a complete new twist to traditional education.
The time is just about right to dive into an industry of your interest and become an expert. Online courses rock and can have multiple sessions with numerous paying viewers for your content. People have started to realise that they are flexible enough to learn what, where, and when they want instead of heading to physical school desks to study and learn. They are also willing to pay for someone else’s experience, skills, and knowledge. Even the best library won’t be a better source for lecturers than the internet has and you should therefore get the most out of it by taking your classes to the net.
6. Sell DIGITAL products
We see it everywhere. People selling eBooks, podcasts, WordPress plugins, graphics, themes, and other digital and thus intangible products. eCommerce gives both sellers and buyers one of the most convenient ways to get together and it won’t cease to grow in the future. The most important trick however is to find the platform to sell products and ideally stick to your own to avoid needing to pay a commission to an intermediary party.
Selling your digital products may therefore pay you big amounts of money depending on how you promote it. It is important to find a digital product that consumers want.
Once you know there is demand for your product you can move ahead and develop it which is why you’ll need to think of an effective marketing plan. The income generated out of selling digital products is not completely passive income, but if you release an eBook or other online products, then it’ll become more or less a passive income. It also gives you a gateway to release follow-ups and get the most out of all your previous efforts.
5. Become a Professional Blogger
The best thing about blogging is probably that it requires relatively little investment. All you need to get yourself is a web hosting account, a domain that sounds logical, and install a website platform like WordPress. Depending whether or not you outsource the previously mentioned tasks, the investment may differ. And you need to have some sort of creative mindset and proper writing skills to be able to become a successful blogger.
Some good SEO skills are also relevant, just like content creation in general which may require some graphical and other visual tasks. Although it is possible to learn all these skills on your own, it will take a long time before you know how to effectively implement them. Your best source of information? Other experienced bloggers. One of the biggest benefits of blogging is that there are different ways you can earn money including the promotion of your own products, affiliate marketing, and online adverts.
4. Start a YouTube Channel
Videos have become more important on all social media platforms including Facebook and Instagram, but the king of all platforms is of course Youtube. Videos have the huge potential of creating interactivity. Whether this also means you need to present the content yourself as well? If you’re good at it, then yes, but it’s not a must. Choose a particular niche and start creating content.
We know, this sounds a lot easier then it actually is, but if some people get millions of views with voice-over Youtube videos, then it shouldn’t be too hard to hit the right nail if you find a niche that has a large target audience. Do this while researching for potentially strong keywords in your niche. The keywords should have traffic and you need to have fresh, updated content. Once your videos manage to get good organic traffic or go viral for some reason, it is more or less passive income we’re talking about.
3. Sell Digital Art
Whether you paint, like to take photos, or make music, you can run your business online and sell art. The main advantage of digital art is that it can reach a global audience. It isn’t necessarily needed to grab up the mic and start singing if you enjoy music, but a beat, sample, jingle, or other sound can also give you some money.
A digital artwork, The First 5000 Days, by Beeple (Mike Winkelmann) was auctioned in March 2021 for $69 million. At first glance, this may seem absurd for a work that only exists virtually and that can be downloaded by anyone. Because technology allows ownership and value to be assigned to works, the digital art world is maturing overnight. NFTs, non-fungible tokens, have contributed to this. Nowadays you can mainly see an NFT as a kind of virtual certificate, which shows who is the owner of a work of art. In everyday life, works of art are often sold at auctions with a certificate of authenticity. NFTs serve the same purpose, but in digital form, for digital assets.
2. Become an Online Casino Affiliate
One of the biggest industries in recent years has been the online casino industry thanks to betting and sports betting markets opening up in different European countries, the US, Canada, and New Zealand. With thousands of websites available, online casinos are fighting for the player’s attention which is why it bundles its powers and works with casino affiliates. These are the intermediary websites that bring in business for the operators. And the affiliate deals that come with them are rather impressive to say the very least as can be confirmed by KiwiGambler.co.nz, one of the most successful affiliates in New Zealand.
As an online casino affiliate you generate ‘leads’ for online casinos. Is it their task to provide clear visitors more information about casino games, bonuses, and the overall offer of the casinos available in that particular region. Casino affiliates give gamblers the opportunity to make a well balanced choice providing them comparisons between all the options available. And if a player goes ahead and creates an account at an online casino based on information from the affiliate, then the affiliate earns a commission. Two major advantages of becoming an affiliate is that it doesn’t require any investments and the payouts are huge as the casino industry is a billion dollar industry.
- Launch An Online Casino
If you have a bit of an entrepreneurial spirit in you, you might as well think about starting your own casino. Although there are a large number of online casinos active on the internet, there is undoubtedly still a gap in the market that you can take advantage of. Starting a casino is not a simple linear process and it does require a lot more time, money, and effort than the previous steps. Below is a short overview of what you need to do to launch an online casino yourself.
- White label deal: think of setting up a white label deal as this is easiest if you are a novice in the industry. White label deals will give you a ready to use platform including a game catalogue.
- Licence: get at least one licence and try to stick to the countries that form part of the European Union as these are commonly used to target international crowds.
- Branding: logo, house style, brand name, domain name, you name it. Whatever is required for a brand to become recognisable is required in this step too.
- Staff: you won’t be able to run an online casino yourself and you’ll depend on other people. Just to name a few: customer service, compliance, marketing, administration are all essential to run a successful online casino.
- Launch: marketing plays a major role in this step. Come up with bonuses, set up the juridical part, and target new customers. Easy? Not at all. But very rewarding.
Out of the 7 most profitable online business ideas, this is definitely the most challenging one, and you’ll need quite some budget too to be able to get going, but once you start making a profit, we’re talking about big bucks. Although the online market is an extremely crowded one, choosing the right target market can give you a major advantage over other competitors if you’re early enough to join the ride. Many iGaming concerns are stock listed which should give you a global idea of what we’re talking about.