If you have ever thought about starting your own online business, there has never been a better time to do it! As technology surges forward, and people are increasingly living more digital and inter-connected lives all over the globe, the world is ripe with online business opportunities. Are you ready to go ahead and take the leap but just need some solid business ideas?
Here is a guide to the some of the best types of online businesses around these days, what they involve, and how to get started on each one.
SEO, or search engine optimization, has to be one of the biggest buzzwords flying around in any business these days. In a nutshell, it is about making sure web content is in the best position to come up strongly on search engines like Google.
This has long been an important factor for businesses wanting to attract customers and build business success, and the importance of this only continues to grow and grow. As it does, the SEO space becomes a more and more lucrative place to work with many freelancers, contractors and businesses doing a great trade in helping businesses optimize their websites.
SEO is not only a business in itself, but also an important factor in your online enterprise of any kind. Any website or blog is just about guaranteed to be successful if you have enough SEO skills.
E-commerce websites make up a good proportion of online businesses. Although this niche is already quite saturated, you can make yours stand out in 2018 by setting up a specialist retail site. Find a niche (preferably one you have knowledge and passion for) with a strong following and build your business around this.
Your specialist e-commerce store could focus on anything that any group of people are looking for – this could be collectible items, supplies for a specific hobby or a particular lifestyle. Anything from ferret breeding equipment to aerial yoga supplies! The more specific the better, as long as there is demand.
The rise of sites like AirBnB have revolutionised the way we go on holiday. There is space in the market for smaller niche sites and businesses to get involved in holiday rentals. There are already a few sites emerging, so it is the perfect time to set up your own business to manage holiday rentals in a particular area or for a specific market.
This industry can be pretty lucrative, with holiday rental companies bringing in anything from 10 to 40 percent on the whole rental depending on the business model.
2018 is certainly the year of AI, or artificial intelligence. With it has come the explosion of related technology – and a big one has been chatbots. Chatbots have been adopted by businesses worldwide to essentially outsource the bulk of their customer service to technology.
This also presents an opportunity to those with the technical know-how to launch their own chatbot business, and develop chatbots for other businesses. If you are a software developer or similar, this business idea is a great way to get involved in a booming industry from the start.