The Internet has transformed the world of buying and selling.
Budding entrepreneurs now face fewer barriers and endless opportunities to leverage their skills in the online marketplace. Services like High Speed Internet, TV, Digital Home Phone and a great Long Distance plan are essential. It’s also crucial to strike while the iron is hot – and we’ve crafted an infographic that delves into popular online businesses with a proven track-record for success.
In the outline above, the team at Distributel uses their Internet intelligence to highlight five online business ideas for 2017.
Sell Your Knowledge
Package your expertise into an online product, like a webinar, e-book or newsletter. This requires little investment for both short and long term growth. Start small and scale with minimal overhead while you build your brand online.
Sell Your Crafts on Etsy
In the second quarter of 2016, Ety’s gross merchandising totaled $669.7 million – up from $546.2 million in the second quarter of 2015.
If you’re crafty, Etsy allows you to work from home at your own pace while earning significant profits. ThreeBirdNest, a business which sells scarves, socks and headbands, quickly became an Etsy success story with earnings of $80,000/month.
Take Shipping Out of Your Model
Your focus should be on the front-end aspect of your business. Partner with a distributer to avoid the headache of storing and shipping.
With this model, your revenue will be the difference of your selling price and the wholesale price – meaning you’ll be saving money on shipping costs and operations.
If you have a blog or other online writing platform, you can promote a company’s product or service and receive commission on sales. The bigger your following, the more profits you’ll earn. Even more, this industry is projected to grow to $6.5 billion in 2021.
Sell Patterns and Designs
Sell designs like blueprints, construction designs, prefabricated kits and sewing patterns for consumers to build. Liberty Jane Clothing, maker of patterns for doll clothes, currently earns $50,000/month.