10 Money Making Online Businesses To Start In 2020

Looking back 15 years ago, no one ever imagined that the internet would ever become a thing of necessity as it is today.
So many things have been achieved with the aid of the internet.
If you are coming from a trade background, you would discover that so much has changed via the internet, because we now have E-commerce (Electronic Commerce).
The same goes for communication, back then before the dawn of the internet, sending information from one part of the world to the other part required so many processes and even took time to be able to effectively communicate, but now, with the internet, we have instant messaging and Emails, that can allow you send messages to anyone with the speed of light.
The world is becoming a more global village and so much has followed after, including the way businesses are transacted.
With the internet, we now have new-born businesses and platform that allows people to make money, and some of this I am going to be sharing in this article.
Internet Stats That You Should Know.
Are you considering joining the loop as an internet business owner? here are in-depth statistics and guide to help you get started with owning an online business.

  1. Do you know that there are currently over 5 billion active internet users all over the world?
  2. Just to break it to you once again, over 57 per cent of the entire world’s population has access to the internet.
  3. Talking about the highest consumer of the Internet, China is the country with the highest number of internet users with over 900 million users, this has made them a very powerful force even than the US.
  4. Do you also know that most Internet users spend an average of 6 hours and 30 minutes online every day, this stats has made the internet a second world as opposed to real life.
  5. To make it all up, do you know that as of 2020, there are over 2 billion websites on the world wide web.
    Why You Should Start An Online Business.
    Are you feeling inadequate or not chance, or even thinking of how much money you can make from an online business? the above-stated stats is a great place to start from.
    Here are a few reasons why you should consider starting an online business.
  6. Starting An Online Business Is Very cheap.
    As I stated earlier many small online businesses have started building their empire with nothing more than a computer, a domain name and a web hosting service to house their website on and get their information out to the millions of people online.
    All you need to get started with an online business most times is a domain and hosting plan which usually cost less than a $100, and over time you can generate enough income to begin building a lifestyle that allows you to focus on the things you love.
    Once you’ve built a blog, business website or online store and you’ve spent some time gaining traffic and building an audience you can create products and/or services to sell to your targeted audience.
    Digital information products, software and services are extremely popular among many small online businesses and bloggers because you can create them for little to no cost and they are available for download 24/7.
    One of the best parts of owning an online business is the fact that you don’t have to ship any products and you have virtually an unlimited supply since everything is digital, all your basic need is to provide a download button and that is all.
    One more important thing to consider is the fact that you can start an online business all alone, even though you don’t have to money to pay an employee.
    If you all you seek is to create a form of passive income, then the internet is a great place to start with.
  7. You have all the time in the world.
    One fabulous thing about owning an online business is that you have all the time to yourself, you simply choose when to work and when not to work.
    Depending on the type of online business you choose to set up you can end up having much more flexibility in creating a work schedule that works for you.
    You can choose what time of the day you want to work, how many hours you want to work and what days of the week you want to work as long as you set your business up efficiently.
    This doesn’t mean that you can simply relax all of the time, but you have more choices in choosing when to focus on being productive whether it’s Monday – Friday or just the weekends, and whether it’s early in the morning, late at night or in the middle of the day.
    I know of a blogger called Adam Enfroy, he simply started his blog about a year ago and he is already enrolled in flight school.
  8. You Can Choose Any Location Of Your Choice.
    In an online business, you aren’t tied down to a desk or a single location.
    As long as you have an internet connection and a laptop you can run your business from anywhere in the world.
    You have the freedom to travel and choose where you want to work on any given day and that’s extremely liberating.
    Whether you want to visit your family in another state or take a trip somewhere exotic your business will always be with you.
    For most online businesses, especially blogs there’s little to no commute time necessary, which saves you a lot of wasted time, energy and fuel.
    The additional time that you gain from not having to commute and the freedom you get from working where you choose means you can be much more productive and have more freedom to set up a schedule that is much more efficient and flexible.
  9. Higher Profit Margin.
    In an online business, your income isn’t simply determined by the number of hours you work but by the level of productivity, you can produce during the hours you work and the systems you have in place to generate a passive income.
    By spending your time on the right activities such as developing your website, marketing/Search Engine optimization and income-producing activities you can significantly reduce the number of hours you have to work to bring in a sustainable income.
    You don’t have to be present for a transaction to occur; you just have to be consistent with your efforts and focus on the right things to grow and sustain your business.
    Over time you will be able to grow an asset that works for you and generates passive income in return allowing you to have more financial flexibility and providing a way to supplement some, or even all of your income as you continue to grow.
    I will be the first to say that making money online for most individuals doesn’t happen immediately and for those who have never done it before there can be a huge learning curve.
    Using a blog as an example, It takes time and effort to build a sustainable blog, business and/or brand, however, it is achievable and the low barrier to entry means that most people can start immediately and begin their journey into creating a money-making business that they can be proud of.
    It’s a learning process that can pay large dividends if you keep at it, keep educating yourself and continue applying your skills over time.
  10. Online Business Runs all the time.
    As long there is internet access all over the world, then your business can never shut down.
    Unlike most traditional brick and mortar stores, an online business can be run 24 hours a day 7 days a week, even when you’re not in front of the computer.
    And because websites are always online it allows others to always be able to find what they are looking for quickly and easily.
    This provides business owners with much more flexibility in regards to both when and how they work by allowing the information, products and services to always reach those in need.
    As long as an individual has a computer, tablet and/or smartphone they can visit your online business or blog and get the information they need when they need it.
    Examples of this include blogs (such as this), niche websites, news sites and eCommerce retailers that can provide valuable information, products and/or services to readers, consumers and buyers who are interested in what they have to offer.
    Nowadays many businesses earn an income by offering value to their audience, which is willing to take the time to read or watch what they have to say and/or buy the businesses products, services and/or solutions to help them solve their problem.
    Whether the problem is wanting to be more entertained, informed/educated, healthy or free a good online business will offer enough value to satisfy the needs of its audience and educate them so that they can make the best-informed decisions possible.
    Money-Making Online Business That You Should Know.
    Making money online does not require a great deal, all you just need is to get started from somewhere, there are so many ways to make money online, you can’t cover for once, so you have to take it one after the other.
    Here are some of the very few money-making online businesses that I recommend you try out.
  11. Start A Blog.
    A blog is one of the oldest business models online because is through the aid of blogs, information is shared across.
    The advent of Blogs led to the inventions of search engines like Yahoo!!, Bing and Google, all these platforms are designed to allow the accurate sorting and sharing of information.
    There is a lot to be said about blogging, that is why I recommend you read this article to help you get started.
    How To Start A Blog And Make Money In 2020
  12. Start A YouTube Channel.
    You can make tons of money by just uploading videos on YouTube, all you need to get started is a camera and computer.
    You simply make money on YouTube when someones from any part of the world watch or streams your video.
    Imagine having a huge audience, now you know that is real money.
    I wrote an article on how you can get started with making money on YouTube.
    How To Start A YouTube Channel And Make Money In 2020
  13. Become An Online Freelancer.
    A freelancer is someone who offers their services for a fee and usually with no expectation of a permanent single client, although the working relationship can be ongoing.
    It’s a form of self-employment, similar to operating a home business versus telecommuting. With that said, a freelancer can work as a contractor, as opposed to a home business.
    The internet has made the process of working decentralized, you can be anywhere in the world and get a job in another part of the world once you have an agreement and a memorandum of understanding, there are platforms that fulfils this purpose and one very popular one is called Fiverr.
  14. Become A Social Media Influencer.
    A Social Media Influencer is a user on social media who has established credibility in a specific industry.
    A social media influencer has access to a large audience and can persuade others by virtue of their authenticity and reach.
    As a social media influencer, you have tons of followers and a very huge audience waiting to engage you every single post.
    You can turn that huge attraction into big money, here is an article I recommend you read in order to get started as a social media influencer.
    How To Become A Social Media Influencer And Make Money In 2020
  15. Become A Video Editor.
    Video editing is one of the hot industry skills right now, everything seems to be going virtual now, right from advertising, to filming and so many others, all these relies on the implementation of video editing skills.
    Getting started with video editing is very easy, all you need is a personal computer and a video editing software.
    Here is an article I recommend you read in order to get started with video editing.
    20+ Best Free Video Editing Tools You Should Know In 2020
  16. Graphics Design.
    Another industry hot skill-set is graphics design, every industry seems to be evolving around graphics design, right from social media, advertising and so many others. You can get deals online from freelancing websites such as Fiverr and Upwork.
  17. Develop Mobile Apps.
    The recent shift in the tech world has made it mandatory for people to start consuming mobile apps than ever before, every known software and startup has mobile application distributed all over the place.
    Apart from the fact that mobile apps are on the trend, you can start developing mobile apps and make very good money.
    Here is an article, I recommend you read to help you get started with mobile app development.
    How To Build A Mobile App And Make Money In 2020
    How To Make Money With Google Admob In 2020
  18. Become A Web Developer.
    Web development is becoming very popular, and very much in high demand, all you need to know is just very few web terminologies and even learn to code.
    Don’t be scared, web development is not a very difficult field, it is very easy to learn, and you will find it very easy as soon as you start.
    Here is an article I recommend you read in order to get started with web development.
    How To Become A Web Developer And Make Money In 2020
  19. Start A Digital Marketing Consult.
    So many newbies businesses don’t know how to take their business online, they constantly try to do it for themselves, but in the very long run, they make mistakes.
    As a digital marketing expert, all you need do is to make sure their businesses are getting enough visibility online.
    This can be done with the understanding of how search engine optimization, paid and unpaid social media advertising and directory listings tools like Google my business.
    Here are very few articles that I would like you to go and read carefully so that you can understand how taking business online seems like.
    How To Start A Successful Online Business In 2020
  20. Buy and Trade cryptocurrencies.
    A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.
    Many cryptocurrencies are decentralized networks based on blockchain technology, a distributed ledger enforced by a disparate network of computers.
    A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
    Cryptocurrencies are just like Gold and real estate, they are very likely to appreciate and most times you can loose largely on it.
    I wrote an article on how you can get started with Cryptocurrencies, I recommend you read it by clicking the link below.
    How To Make Money With Cryptocurrency In 2020
  21. Trade Binary option.
    Binary options let traders profit from price fluctuations in multiple global markets, but it’s important to understand the risks and rewards of these controversial and often-misunderstood financial instruments.
    Binary options bear little resemblance to traditional options, featuring different payouts, fees, and risks, as well as a unique liquidity structure and investment process.
  22. Start A Podcast.
    A podcast is an episodic series of spoken word digital audio files that a user can download to a personal device for easy listening. Streaming applications and podcasting services provide a convenient, integrated way to manage a personal consumption queue across many podcast sources and playback devices.
    A podcast is one way to get your voice to the world, If you have unique speaking talent, then you can start a podcast.
    I wrote an article on how you can start a podcast and make very good money and I suggest you read it very carefully.
    How To Start A Podcast and Make Money In 2020
    You can also check out this article and why I recommend using Podbean for your Podcast hosting.
    Why Podbean Is The Best Host For Your Podcast In 2020
  23. Start Trading Forex.
    Forex (FX) is the marketplace where various national currencies are traded. The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day.
    There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders This business model requires a high level of skills, but it is a very lucrative business.
    All you need to get started with Forex-trading is the right knowledge. You should seek out online or offline schools where you can master the art of forex trading.
  24. Start Freelancing.
    Freelancing is another cool job to get started with when seeking to start any business online.
    As a freelance you work for people from various part of the world, I know you would be questioned as to how this can happen but I will explain.
    The ability and the liberty to work for anyone from various part of the world has been made only possible by the help of freelancing website and platform, and one that I know too well and will recommend any day and time is Fiverr.
    You can make over $3000 on Fiverr as a starter, it all depends on how well you understand the platform and how highly skilled you are.
    Here is an article I recommend you read to help you get started on Fiverr.
    How To Join Fiverr And Make Money In 2020
    You have to learn to exercise patience when starting out an online business.
    Once the initial stage is passed, be very sure to get the money flowing in even more than you least expected.
    Besides you have to master monetization techniques for all kinds of online businesses.
    Here is an article I recommend you read in order to help you start making money online.

Published by Ernest I.

Sharing knowledge

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: