In this post I’m going to show you 25+ Online Business Ideas That Anyone Can Start in 2020.
The Online Business Ideas in this post will help you to make extra $500, $1,000, $5,000 and more by work from home.
You can click each link to jump to a particular section.
Why Start an Online Business?
Whether you’re tired of working for someone else, or you simply want to be excited about your work, an online business might be the right fit for you.
Predictably, the greatest advantage of running your own online business is that you get to work from home, and you get to set your own schedule.
If you want to work four days a week instead of five, you can. If you would rather sleep late than go to an early morning meeting, you can do that, too.
25+ Profitable Online Businesses You Can Start from Home
Here are a 25+ great online business ideas to get you thinking in the right direction. While some of these ventures can bring in a nice passive income, some of these online money making ideas can actually create small fortunes.
1. Start a blog & Monetize It
Starting a blog allows you to share your passion with the world and make money in the process.
Keep in mind that you don’t just start a blog and expect the money to roll in. You need to create content consistently, and it also needs to be content that educates, informs, or entertains people. In other words, it needs to capture their interest in some way.
One way to make money blogging is to place ads on your website. Programs like Google AdSense automatically place relevant ads on your blog. You choose what kinds of ads you want and where to display them. Each time someone looks at or clicks on an ad, you earn money.
Another way to make money blogging is through affiliate marketing. Affiliate marketing means you link to a product for sale on another site. When readers click your link and buy the product, you get a cut of the profits. Amazon has an affiliate marketing program that’s easy to use and a great starting point for new bloggers.
Here are some resources to help you get started with your first blog:
- How to Start a Blog in 2020 (Complete Guide + Resources)
- 10 Best Web Hosting Services in 2020
- 8 Most Profitable blog Niches to Start in 2020
2. Start An Amazon FBA Business
If you’re new to this online business concept, FBA stands for “fulfilment by Amazon.”
Amazon will list your products on their website and when a sale comes in, they will do all the hard work of preparing it to be sent out and delivering your product to the customer. Essentially you’re leveraging the powerful distribution network and customer base of Amazon.
Amazon warehouses, fulfils your orders, and also provides customer service to your clients, so you don’t have to.
Amazon allows you to act like a major corporation, but without the headaches of actually being one. All you have to do is find and develop profitable products to then send to Amazon to sell.
3. Become An Affiliate Marketer
Affiliate marketing is basically the process of earning a commission by promoting somebody else’s product.
For example, Amazon affiliates can potentially rake in obscene amounts of commission dollars if they work at it. Simply sign up as an affiliate to sell a company’s products using your special referral link, and you can get a commission for each product sold without lifting a finger.
The top commission tier is 8%. That adds up to some serious amounts of cash each month if you’re promoting products with that high rate of commission.
4. Assist Other Business Owners as a Virtual Assistant
One of the most popular home business ideas right now is becoming a virtual assistant. A virtual assistant supports business owners in a variety of ways. As a virtual assistant, you get to choose which services you offer based on your unique skill set and what you enjoy doing.
If you have a good eye and a knack for grammar, you may become a proofreader. If you know your way around social media, you could offer social media management for your favorite platforms.
You could also support business owners with email management, writing blog posts, customer service, and much more. There are dozens of possibilities.
5. Set Up an E-Commerce Site
One of the best ways to earn online income is by setting up an e-commerce store.
Here’s the plus side: if you try to go the route of affiliate marketing, the best affiliate marketers are focused on 3 main niches; dating, weight loss, and making money online.
It’s still not easy by any means. It requires hard work, and you need to stand out amongst the hundreds of thousands of e-commerce websites and online stores.
But by filling a unique niche and executing the right marketing techniques, you can make your e-commerce store a profitable success.
Here are some tips to help you get started with your e-commerce store:
- Find a profitable market.
- Ask yourself, “Is the product expensive?”
- Ask yourself, “Is the product in a growth market?”
- Consider building a Shopify store.
6. Freelance writing service
Learning how to become a freelance writer could be the first step toward starting a successful online business. Business owners often pay writers to create unique content for their websites.
Starting a freelance writing business online involves choosing a niche (or two), becoming an expert in that topic, and creating an online portfolio for future clients to see. Freelancers have to prove their worth before landing reliable and high-paying clients. One way to jump-start your freelance writing career without any clients is by establishing your own blog.
Once your online business website is complete with a well-rounded portfolio and you’re confident writing in your niche, you’re ready for your first writing client. It may take months of working for free or little money, but once you have trustworthy testimonials under your belt, landing new writing clients gets easier.
7. Self-Publish a Book on Amazon
Have you ever thought of writing a book, but didn’t know where to get started? All the publishing nonsense, editing, and formatting, marketing, etc.?
With Amazon, you can self-publish a book fairly easily, and really make money from it. There are some simple and inexpensive guides like this one to help you write your book AND have it generate consistent income.
Here’s the secret sauce: If you can launch your book and get a few hundred sales in the first week, Amazon will take over and start promoting it for you. This way you can make some real money from it. It’s actually easier than it sounds, but we’ll get to that in a minute.
8. Sell Your Own Brand
If you have a knack for creating unique images, there’s no need to fuss over your own inventory. If your creations can be easily printed onto a product, then you can make money.
Upload your designs on a variety of websites like CafePress. If someone likes them, the company prints them up and ships the product.
You could create unique designs for calendars, books, T-shirts, bags, hats, greeting cards, or posters and get a commission for each one sold. Some of these sites include Zazzle, Teespring and Lulu.
Instagram is a great way to start an online business. You can use Instagram to sell your own products, promote your services, or partner with brands to advertise for them. It’s quickly becoming more than just a platform to check in on your friends’ pets, vacations, and meals.
Instagram isn’t the only platform that can make you money. YouTube is becoming a full-time video blogger platform. One of the fastest, most efficient ways to grow an audience is to create a YouTube channel and make engaging videos that provide value to your audience. You can create craft or cooking tutorials, conduct interviews, or use whiteboards videos to teach lessons about a topic.
Making money as a social media influencer is simple, but not necessarily easy. First, choose a niche and research other paid influencers’ strategies. Next, open a dedicated social media account and work toward building your own engaged following. Make sure to post consistently and share valuable information geared toward your specific niche.
As your following grows, partner with affiliate companies like ShopStyle, ShareASale, or Amazon and share your unique links with followers. Each time someone uses your link to purchase an item, you earn a small commission.
10. Create a Digital Product or Course
Creating a digital product or course is similar to writing an ebook. You’re monetizing your expertise by teaching it to the others.
That being said, you don’t have the benefit of Amazon promoting your course. You have to do the promoting yourself through your own website, your email lists, and possibly through affiliate partnerships. You also need to create a compelling sales page that will convince visitors to buy from you.
If you don’t already have an audience, it might be better to self-publish on Amazon first. That way, you can validate your course idea, grow your email list (just make sure to have an email opt-in at the front and back of the book!), and more or less create a rough draft of the course (since it will probably be similar to the book).
11. Build Apps
Because smartphones are everywhere, the demand for new and creative apps is increasing in popularity more than ever before. Between Google’s Android and Apple’s iPhone market, people are using countless apps everyday.
And, most of them are selling right and left. Taking the time to develop and sell a smartphone app may be worth your while since it’s a very lucrative way to earn money online.
The apps cost almost nothing to actually develop and don’t involve any shipping or storage costs, which works to expand your overall profit margin.
Well performing apps can make thousands in ad revenue each month for their creators, making them another great passive income strategy.
12. Sell online stock photos
If you enjoy photography, you might try selling online stock photos. Stock photos are used by companies for ads and websites.
Shutterstock and Adobe Stock are two of the most popular stock image sites. Both sites allow anyone to submit their photos and you get paid each time your photo is downloaded.
To really make money selling stock photos, make sure you’re posting the kinds of photos people actually need.
Companies are usually looking for fairly generic images – pictures of nature scenes, food, people at work or doing everyday tasks like cooking or watching TV. Pictures like this sell well and can make you good money.
13. Become a YouTuber
Videos are becoming more and more popular. From Instagram and Snapchat Stories to Facebook Live video, videos will only continue to grow. If you’ve always loved the thought of being behind the camera, now is the time you can take advantage.
Whether it be starting a vlog and getting ad revenue/selling products to your audience, or building a YouTube channel to drive more traffic to your website – 2020 is a great time to get started.
Not only will making YouTube videos help you tell better stories and provide more valuable content to your audience – it can also help you get profitable speaking opportunities.
The best part is, you don’t even need to go out and buy an expensive new camera – as long as you have a smartphone with a quality camera lens, you can start filming your first video right now!
14. Buy and Sell Domains
Many people buy and sell domain names to earn money online since it takes very little time or investment. You can purchase a domain at its registration price or even much cheaper and then resell it for a profit.
But, it always pays to do your homework first on websites like Afternic.com, domainlore.uk, Sedo.co.uk, or other domain auction websites in order to get a good idea of what’s popular in terms of domain names.
An ideal way to find really good names is to check out terminated lists that offer many expired names and have made their way back into the pool for people to buy.
A good site for this is expireddomains.net where you can put in your desired keyword that you want in your domain name and a long list of domain options will appear.
15. Facebook Advertising
Facebook continues to expand and grow. Therefore businesses are spending more on Facebook ads. But here’s the problem: a lot of old school businesses don’t know what they’re doing when it comes to Facebook ads.
Even newer companies don’t have the time it takes to learn the ins and outs so that they get the most return on their Facebook ads investment.
Consequently, they’re looking for Facebook ad specialists to step in and do it for them. Luckily, this is something you can learn fairly quickly.
Once you do, you can reach out to businesses and offer to help create profitable Facebook ads.
16. Design and sell website themes
Maybe you’re less business-savvy and more of a tech expert. With a little knowledge of web design, you can start an online business selling website themes. If you know how to code and have experience designing websites, it’s easy to come up with a few premade website themes you can sell to blog and business owners.
You can also branch out and make more money building custom websites. Businesses looking to establish an online presence need a professional-looking website and are willing to pay for one. Almost everyone these days needs a website, so you’re sure to have a steady stream of clients.
If your strengths land more on the side of graphic design than coding, you can start an online business as a graphic designer. From logos to Pinterest images to brochures and other marketing tools, businesses need someone to create visually appealing graphics. You can get started selling your services and designs on sites like Fiverr or 99designs.
17. Become a Copywriter
Copywriting is the art and science of strategically delivering words (whether written or spoken) that get people to take some form of action. It can range from anything to sales pages, to email marketing, to even quality blog content.
If you have a natural inclination and passion for writing, copywriting may be your ticket to earning online income.
It’s a great way to achieve freedom in your life. Not only does copywriting allow you to work remotely, but it also allows you to control your schedule. Plus, learning the skill itself will help you in many areas of online business (i.e. building a blog, affiliate marketing, etc. – when you can write in a compelling way, all of these become much easier!)
18. Become A Crypto Trader
Crypto currency trading is the next big thing in finance. The value of crypto has shot up in recent months with Bitcoin reaching over $18k for just one Bitcoin! You too can get a piece of the action by purchasing crypto currency from one of the bitcoin / crypto exchanges and waiting for the value to increase. I would recommend you do your research before you dive in, and don’t forget to only invest what you can afford to lose.
19. Skype Coaching
Do you have an expertise that you’d like to help people with? Then Skype coaching may be a potential option for you. Basically, you hop on Skype and provide assistance to your coaching clients. This can come in the form of daily, weekly, or monthly calls.
There are Skype coaches for just about everything – life coaches, health coaches, dating coaches, etc.
20. Become a blog flipper
You’ve probably heard of flipping houses, where people buy a house that has potential but needs some work. They do the repairs or upgrades and then sell the house for a profit. While house-flipping requires a big investment and a lot of work, blog flipping is much easier.
Blog flippers start a blog with the intention of getting lots of followers and page views. Once you build a good following and have a steady stream of income, you sell the blog for a profit. Alternatively, you can also buy an existing blog, work to increase the traffic and authority of the site, and then sell it to the highest bidder.
This allows you to make money without having to constantly maintain a blog. There are tons of websites where you can buy and sell websites or blogs, but Flippa is one of the most popular.
21. Start a Podcast
A podcast can be a great revenue generator.
As you grow your podcast, you can offer paid sponsorships and sell your own products and services. Through the podcast, you’ll be able to earn the trust of your listeners, which makes them that much more likely to buy what you have to offer.
22. Become A Web Developer
A web developer is someone who can build a website from the ground up, start to finish. In order to be able to do this, you will need to learn how to code. Web developers can earn decent money, but to become good at it, you really need to know your stuff, and this can take time.
The great thing about being a web developer is that you can work from pretty much anywhere in the world, if you work for yourself that is. You’re not tied down to one location.
If you want to learn more about becoming a web developer, then have a read of my guide here. There’s loads of tips and advice on how to realise your dream of becoming a web developer.
Dropshipping is when you create an online store to sell other people’s products (i.e you don’t do any of the manufacturing or shipping). Then, you get a commission for each sale.
The benefit here is that you don’t have to risk buying up stock in a product and losing money if it doesn’t sell. The entry barrier is lower and you don’t have to invest nearly as much to get started.
If you’d like to learn how to dropship, Drop Ship Lifestyle is one of the best resources to help you get started.
24. Social media management
Every business needs a social media presence. Social media allows businesses to reach a massive audience and connect with their fans or followers in a more personal way. However, business owners might not have enough staff with social media experience to run their accounts for them. You can capitalize on that by working as a social media manager.
As a social media manager, your goal is to create and share content that engages fans. If you have a knack for creating funny posts or relatable content and are comfortable with a variety of platforms, social media management may be a great online business idea.
25. Sell Products on eBay
Sure it’s a bit old school, but people are still making lots of money on eBay. To start selling, you can do something simple like head to a local clothing store and buy some clothing on sale.
Then, you can list it on eBay for a higher price, and if it sells, you can reinvest the profit in more clothing and continue making more profit.
It requires some strategy and planning but is surely a profitable way of online business.
26. Handmade Craft Seller on Etsy
The ecommerce landscape is changing, especially with the arrival of Covid-19. People are changing the way they buy. They want longevity and quality in the stuff they purchase. That’s why sites like Etsy and Artfire are thriving.
Etsy and ArtFire are great platforms for artisans who design and produce their own quality handmade products, such as fashion pieces or unique gifts. If you have a unique craft or product idea, then Esty or Artfire are the perfect places for you to sell your products on an e-commerce site, earn a good income while you’re at home.
Startup costs for this online business idea is very low. Of course you’re going to have to pay for materials, but if you buy in bulk, this will hammer down costs even more. Esty will allow you to build out your own Etsy store and sell your products quickly, making you a nice profit in no time at all.
27. Offer SEO consulting services
Search Engine Optimization or SEO is a key part of any online business. SEO is the art of optimizing content so it shows up higher on search engines like Google. Once you’ve mastered the art of SEO, you can make money by helping others.
28. Assist with Lead Generation
Businesses are always on the lookout for ways to create new leads. Leads, after all, are the lifeblood of businesses.
When you assist with lead generation, you basically play the matchmaker. You connect business with the leads for whom they can solve the problems.
29. Instagram Sponsorships
Do you love taking photos and dream of building up a great Instagram following? As you grow your following, more sponsorship opportunities will become available. For example, if your account is focused on fitness, you may be able to sponsor products like protein powder, supplements, etc.
What Online Business Should You Start?
The best online business for you will depend on your background, interests, and expertise.
Put in the time and see where it leads to find out. There’s something there for everyone. Whether you want to get your hands dirty or just earn an income passively, there’s plenty there on my list of online business ideas.
If you have other online business ideas you think are worth mentioning, be sure to drop them in the comments below!