Looking for online business ideas so you generate a nice income stream on the side?
Need a few business ideas because you plan on quitting your job and starting an online business?
If you answered yes to any one of the questions you’re definitely in the right place!
In this blog post I would like to talk about a few online business ideas that are proven to make people money.
6 Online Business Ideas for 2023:
1 – Build your own affiliate marketing empire
One of my favorite online business models is affiliate marketing.
Affiliate marketing is when you sell another company’s products and get a cut of the sale when someone buys a product through your unique affiliate link.
I love affiliate marketing because you don’t have to worry about product creation or fulfillment.
Your main job as an affiliate is to drive targeted traffic to the affiliate offers you are trying to sell.
2 – E-commerce
E-commerce is like having an online store. You buy a product,find a place to store and fulfill orders for that product,then you promote your store using various online marketing strategies.
The way to accelerate your success with e-commerce is to get a good return on your investment sending paid traffic to your online store.
The popular software people use to build their online stores is Shopify.
They even have a free 3 day trial!
3 – Amazon FBA
Amazon FBA (Fulfillment by Amazon) is like having an ecommerce store but it’s hosted completely on Amazon.com.
Your product listings on Amazon.com get the benefit of free built in traffic and if your products are proven to convert Amazon will promote them for free!
Amazon FBA is a great business model if you are interested in selling physical products that are branded to you and your company.
4 – Buy physical products and sell them on ebay for a profit
This is what you call flipping or what some people call arbitrage.
You go to thrift stores and garage sales and search for products you can buy then you sell them on ebay for a profit.
This is a great online business idea and there are a lot of entrepreneurs that flip products and generate a full time income doing it!
Here is a great article on how to make money flipping.
5 – Adsense
Adsense is an easy way to make money if you have a website that generates a ton of traffic.
You place Adsense ads on your website and when the people who hit your website click on those ads you get paid!
The people that are crushing it with this strategy are really good at creating content rich sites that get tons of traffic from the search engines.
6 – Software as a Service (SAAS)
The SAAS industry has been piping hot the last few years.
Software as a service is basically a web based software tool you sell to someone on a subscription basis.
Here are few examples of successful SAAS companies and what kind of software they sell:
Salesforce (customer relationship manager/CRM)
Shopfiy (e-commerce store builder)
Zoom (video meeting software)
ClickFunnels (sales funnel builder)
If you can create a great product and get it to market in an economical way you can build a successful SAAS company.
Billionaires are made in this industry!
Well there you go. 6 online business ideas for 2023. What is your favorite online business model?
Let us know in the comments below!
