2020 is the perfect year to focus on creating your business because competition is lessening thanks to the economic impact of Covid-19.
Don’t have any investments set aside? Don’t worry, some of these ideas don’t require too much money to begin with, so feel free to pick and choose the suggestions that best fit your needs.
1. Affiliate Marketing
Do you have knowledge about a certain niche or are you willing to do a lot of research about products related to said niche?
Then you could start your own affiliate marketing website. The main idea of such a website is to present the user with valuable information regarding topics and products related to a certain market category.
From there, you can give links to certain products on Amazon using a specific tag and earn a percentage of the sale each time an individual makes a purchase on Amazon following a click on your link. It’s relatively easy as long as you have at least some basic SEO knowledge and website-building skills.
2. Create a Niche Blog
Are you really good at something? Then don’t do it for free. The education niche has shown significant growth over the last couple of years as more and more people are starting to realize how inefficient public education is.
If you have skills that others are willing to pay to learn, then it’s worth starting a website dedicated to that niche. And you don’t even need to create a website from scratch. You can simply start a blog and promote your book or webinars from there.
3. Make a Betting Website
Very few industries output a return on investment so massive like the gambling industry does. No matter your opinion on the subject matter, you can’t deny that many people like to gamble and are willing to spend money on this habit.
If you want to build your gambling website, use a reliable software and come up with a good marketing strategy, as the niche is quite crowded. Sure, it’s not as easy as the previous two business ideas, but if you manage to get this one right, you might end up earning millions of dollars per year.
4. Digital Marketing Services
Marketing is the backbone of any business, no questions asked. Without quality advertising, there would be no brands like McDonalds, Apple, or Coca-Cola.
If you’re a creative person who knows how SEO, SEM, PPC, and e-mail marketing works, then you could potentially help another businessman create the next big brand that will change the world and the economy. Sure, achieving this takes time and a lot of money, but it’s worth it.
5. Graphic Design
This one is directly related to marketing. In fact, it’s an integral part of it. The best logos have left a huge impact on people’s minds all across the world.
Graphic design is both a technique and an art form. If you’ve got a knack for it, serious businesses will be pleased to pay you some pretty cash to design everything from their brand book, website, social media posts, banners, posters, etc.
Any one of these five businesses can earn you a lot of money if you invest smart and know what you’re doing.
Since the online medium keeps growing and growing, it only makes sense to stick to businesses that can operate exclusively on the internet. And all of the ones mentioned above can survive with merely an online presence.