Starting a business is an exciting but daunting challenge. There are so many things that you need to consider as a new business owner — from the type of business, to taxes, and industry. To help you get your feet wet, here are some of the best online businesses that you can start today with minimal investment and expertise. Even if you’re not ready to take on a more serious venture just yet, these businesses offer great potential as a future seed capital or side hustle opportunity. They also offer the support network and training you need to succeed at a more in-depth level down the road. Here are some of the best online businesses for you to start today.
Dropshipping is a great way to start a business selling products online without buying and storing all of the inventory yourself. You’re usually much better off outsourcing this step to a manufacturer or wholesaler, but you can still find brands that offer dropship opportunities. You get the products, and then you simply ship the product to your customers instead of storing inventory yourself. This allows you to focus on other aspects of your business, like marketing, customer service, and shipping. If you sign up with an established dropshipping company, you can usually start with just a few hundred dollars. This makes it easy to get started quickly, and then scale up as needed. There are hundreds of manufacturers that will work with you if you have a product idea. The best part? Unlike inventory sourcing companies, you don’t need to commit to purchasing a huge amount of inventory upfront. You can just purchase as much as you sell, so you don’t have to be worried about running out of inventory right away.
An eCommerce platform is a software that helps you set up your own online store, collect payments, and ship products. There are a lot of different options out there, and some are better suited for individual users, while others are better suited for businesses. Some of the best eCommerce platforms for beginners include Shopify, Volusion, Bigcommerce, and Amazon Seller. These are all fairly easy to use and get up and running, and they have a wide range of financing options available for new entrepreneurial sellers. Once your online store is set up, you can sell a wide variety of products through your online store. This can include products from different categories, like clothes, books, electronics, and more.
A blogging platform is an online publishing tool that will give you the ability to create your own online content, like blog posts, videos, and eBooks. A good option for beginners is Squarespace, which is relatively easy to set up and use, and it’s reasonably priced. There are also a lot of blogging platforms that are geared towards businesses, like Shopify, WordPress, and Volusion. In addition to the ability to create content, you’ll also want to make sure that your blog platform offers the features you need to run your business, like inventory management, payment processing, and shipping. The most important thing to keep in mind with your blog, though, is that you make it fun and interesting to read. You can’t just create a bunch of content and expect people to read it. You have to create content that’s interesting, and then you have to make sure that your readers actually read what you’ve written.