The most profitable online businesses to start in 2020 best Online business revenue

The most profitable online businesses to start in 2020 best Online business revenue

The most profitable online businesses to start in 2020 best Online business revenue
I started to create online businesses at the end of 2013, while working in a pharmaceutical multinational. The economic crisis had completely slowed my professional progression, so, without any knowledge of digital marketing, I started looking for alternative ways to generate income.

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Three years later, I was already living exclusively on my Internet businesses, earning thousands of euros a month without having made virtually no investment.

Online business revenue

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Today I have created businesses of all kinds. With some I feel fulfilled and others are simple systems with which I earn passive income without spending too much time.

And surely neither you nor I will invent the next social network or multi-million dollar application, but it is not necessary either. There are endless opportunities within our reach to build a business that allows us to live happily.

Contents
The most coveted online business model
There are two types of online business: those that work on autopilot and those that require constant dedication.

Logically, the most coveted are the first, those that can become an automatic passive income capable of growing without requiring more time or money.

This type of business must meet 3 golden rules :

Solve an existing need. Many online businesses fail because they are guided by an “intuition” of their creator, instead of meeting a real demand from their target audience. That is why it is essential that you validate your idea before, however innovative it may seem.
Work autonomously. A passive online business must be able to generate money without your intervention being necessary. For that you need to automate the processes.
Be scalable . This means that you should be able to increase your billing without increasing costs proportionally. Otherwise, the more money you earn, the more expenses you will have.
Below I will show you the most profitable and easy to start models of today with the potential to generate passive income , and the results that I have achieved with several of them.

PS: At the end of the article you will also find a practical guide to choose the business model that is most suitable for you.

The most profitable online businesses to start in 2020 best Online business revenue
The most profitable online businesses to start in 2020 best Online business revenue

profitable online businesses you can start today

1. Affiliate Marketing

Without a doubt, one of my favorite online business modalities for its ability to become a recurring passive income. With it I have earned more than 7,000 euros in a month without spending more than a couple of hours.

Amazon Affiliates December
Many entrepreneurs who want to enjoy greater freedom opt for this business model. Although at the beginning you will have to invest enough time, in the long term it can become a totally passive income. In fact, it is not uncommon for people who succeed in this way to end up leaving their work to go traveling the world.

Affiliate marketing basically consists of creating a website where you recommend certain products through affiliate links. When someone clicks on those links, they are redirected to the website where the product is sold, and if they buy it, the seller gives you a commission.

Some vendors, such as Amazon, have their own affiliate programs, while others are on platforms such as Shareasale or Awin .

If you want to know everything about affiliate marketing with Amazon and how I generate 2,500 euros a month on autopilot, check out this article .
Commissions can vary greatly depending on the type of product and seller. For products such as online courses, commissions are around 30-50%, while for electronics products they are usually around 5%.

These are the Amazon commissions according to the category of the product sold:

Amazon Affiliate Commissions
The great advantage of Amazon is that it is a selling machine. And not only will you charge commissions for the product you have recommended, but for everything that customer buys for 24 hours!

The key to this business model is to attract visits to the web or blog where you recommend the products. To do this you must generate attractive content and use a good online positioning strategy .

Fully automatic system for generating passive income: you must not manage stock or make shipments
It does not require any investment
Very simple and easy to implement, even for people without experience
It can be integrated into your blog if you already have one
The commissions of the best selling products are usually low
The opportunity is now and there is more and more competition
2. Monetize your personal blog
Creating a blog and positioning yourself as an expert on a specific topic is one of the most sustainable ways to build a long-term online business.

Do not think of a blog as a personal diary where you can write what you can think of at all times. That barely has economic potential. A blog is a place where you offer the public your knowledge on a specific topic for free.

Luckily or unfortunately, most people do not dare to start a blog. He thinks he has nothing to contribute, fears not meeting his expectations or worries that readers accuse him of impostor.

But those beliefs only exist in your mind. All bloggers have started with those fears; The key is to choose something in which you are fairly good, because there will ALWAYS be someone who knows less than you and wants to learn.

In addition, as you work on your blog you will adjust its approach according to what your audience really values ​​about you and finds it interesting.

Another key to success is to specialize, because blogs that are too general do not usually stand out or be able to create a loyal audience. Some specialized ideas for a blog could be:

Practical advice to travel cheaper
Productivity to organize tasks at work
Emotional intelligence training for parents with children
Keys to improve public presentations
If you meet a need of your audience and become visible in the blogosphere, you will begin to receive more and more interested visitors. From there, you just have to choose how to monetize your blog.

Here are the four most popular, but if you want to know all the ways to make money with a blog, check out this article .

ADSENSE
Adsense is the Google advertising network, and includes thousands of potential advertisers. It is a type of PPC (Pay Per Click) advertising, which means that every time a reader clicks an ad on your blog, you receive money.

Implementing it is as simple as signing up here and putting the code provided on your website. Then the system will show the most relevant ads for your readers.

Although it depends on the theme of your blog, as a general rule it is necessary to have enough visits on the blog to be able to generate decent income. That’s why I prefer other forms of monetization.

To give you an idea, the best paid topics are executive training , finance or health . The contents of personal development or simply informative are paid much less, as evidenced by the fact that with more than 300,000 visits per month my social intelligence website barely generates 90 euros.

Adsense not optimized

However, I also know entrepreneurs who invoice more than 4,000 euros a month with Adsense because they have chosen a well-paid subject, with a lot of demand, and have positioned themselves well in search engines such as Google.

Very easy to implement
Show the most relevant ads to your audience to maximize revenue
It is usually necessary to have many visits to earn money

PRIVATE ADVERTISERS
Adsense is not the only form of advertising that exists. If you have a website with a specific theme, you can also contact companies in that sector to offer them an advertising space in exchange for a monthly payment.

For example, if you have a travel website, you could contact travel agencies or private guides to advertise on your blog.

Advertisers usually pay for printing, that is, for the number of times readers have seen that page with advertising. Therefore, the more traffic your blog has, the more money you can ask for it.

It pays better than Adsense
You will need a lot of traffic to be attractive to advertisers
You must do the job of contacting the advertisers
ONLINE PAYMENT PRODUCTS
Creating a digital product on your blog, such as a video course or an area with exclusive content, and selling it is one of the best ways to generate passive income.

The idea is to create these exclusive contents, put them under a payment system and present it to your readers. If you automate it with a sales funnel through email marketing or prerecorded webinars, you will no longer have to take care of anything other than collecting revenue.

To give you an idea of ​​the potential of this business model, when I launched my premium video course in skillssocial.com , during the first week I won more than 8,000 euros when to date I had only achieved 50 euros a month with advertising.

Online course income

Its potential is so great that, in the medium term, most successful blogs choose to become a digital business offering paid content in the form of video courses or private areas.

With few clients you can generate high income
The process can be 100% automated
You control all stages of the sale
Building the product and the sales funnel is laborious

OWN SERVICES

Finally, if you have a blog and have built an audience, there will surely be someone who is willing to pay for your advice in the form of coaching or group workshops.

This is one of the best ways to generate income quickly, and is usually paid quite well. However, you will be limited by the number of customers you can serve at the same time.

A very fast way to start earning money
It is not scalable nor can it be automated

3. Publish a book

Until a few years ago, publishing a book was a rather complicated company.

You had to convince a publisher to take charge and distribute it among the bookstores, which caused many aspiring writers to leave their manuscript picking up dust in the libraries of their homes or on the hard drive of the computer.

But everything changed with the appearance of the electronic format. Nowadays you just need to have a digital file with your book to publish your ebook on the vast majority of online book sales platforms.

If you want to self-publish it in physical format, still preferred by most readers, there are also several options:

Contact a printing company to make a print run
Work with a small publisher to help you in the distribution
Use a print on demand service , where only the book is printed and sent at the time someone places an order (this saves you the cost of printing a print run and storing the stock)
If we talk about selling books, we have to talk about Amazon . The American multinational has a service called Kindle Direct Publishing that allows self-publishing books in digital and printed format on demand.

Selling self-published books on Amazon is a great way to generate passive income. Although it is difficult to live exclusively from it, almost half of the best-selling books on Amazon are self-published, and the margin for the author is around 70%.

I chose to publish my first book through an editorial (Planet). The margin is much smaller than if I had done it on my own, but it is also true that the promotion is greater.

Book Direct Your Life

The best thing about publishing a book, either on your own or with an editorial, is that it becomes a recurring income. Once written, you don’t have to worry about anything else.

It is an automatic passive income
It has no associated costs
You don’t need experience to succeed, you just want and ability to write
If you self-publish it and you don’t have followers or subscribers, it will cost you to achieve the first sales
You must sell many books to be able to live on it

4. Become a Youtuber

With the rise of content in video format, the idea of ​​creating an online business from a YouTube channel is no longer crazy .

YouTube is the second Internet search engine, just behind Google, and year after year it has spectacular growth. Although there is increasing competition, it is still a relatively virgin territory.

If you consider that you can bring fun or knowledge to the spectators, creating a YouTube channel is nothing crazy: in the medium term you can get to live from it.

Youtube channel

eye! This does not mean that it is simple. On average, YouTube advertising pays between 0.20 and 3 euros for every 1,000 views of a video, a fairly low figure.

This number depends on the theme of your channel, since for example the contents of higher education or health are usually paid better than the channels on video games, personal development or curiosities.

If you wanted to earn 1,000 euros a month and you were paid at 1 euro for every 1,000 views, you should have a million new views monthly. Assuming you upload four new videos per month, each one should achieve 250,000 views .

Reaching this volume is quite complicated, but fortunately there are other alternatives to increase revenue:

Contact companies and offer to advertise in your videos
If your channel is popular, you can also sell personalized merchandising , such as t-shirts and caps with the channel logo
You can accept donations or offer exclusive paid videos with Patreon
To stand out on YouTube, in addition to adding value to your target audience and printing your own stamp of your communication style, certain video positioning knowledge is usually necessary for your content to appear in top positions.

However, well worked is a channel of immense potential.

Youtube and the video format are in full growth
Even if you don’t think so, there is still relatively little competition
It is hardly necessary to invest (you only need a camera and micro)
The platform is not yours and you are subject to your policy changes
Creating a personal brand on video is more difficult than doing it in text
Youtube does not pay too well (and less and less)

5. Create a podcast

In addition to videos, there are also audio content known as podcasts .

The podcasting is very popular in countries like the United States, where it is estimated that 21% of Americans have listened to a podcast in the last month. Little by little, this channel is also settling in other countries.

In fact, there are already Spanish-language channels with thousands of followers like Victor Martin’s The Success Academy , in which he interviewed me some time ago to talk about social intelligence (one of my great passions).

To create a podcast , you should simply record your programs, interviews or reflections in audio and upload them to a platform such as iTunes , iVoox or Soundcloud .

The podcasts are now a good opportunity as yet there is little competition , so creating a channel that addresses an unmet need have enough numbers to get a good audience.

To make money with a podcast there are several options:

Sponsorships: If you have a community of followers and discuss issues where there may be companies interested in advertising, you can contact them to offer them the opportunity to sponsor
Create paid content: you can make some of your podcasts can only be heard after paying a small amount
Recommending products: if you recommend services or programs in your podcasts, you can include their affiliate links in the description to earn extra money
Patreon: this platform also allows you to integrate payments (monthly or by podcast), so whoever wants to subscribe to listen to your content must contribute the amount that you have stipulated
In summary, although in Spain it is still difficult to generate significant income with a podcast, it can be a good way to have additional passive money month by month.

Growing market with little competition
You don’t expose yourself as much as in the video
The investment is practically nil (a micro)
The economic potential is still low
You must contact the majority of advertisers on your own

6. Sell your services online

Although you can sell them through your blog, YouTube channel or podcast , if you don’t have an audience yet you can advertise on platforms specialized in contacting freelancers who offer their online services with interested users.

The jobs offered by freelancers on these platforms are usually 100% online, such as translating a text, composing a jingle, editing a photo or making a marketing plan. There are even people who sell love spells from a distance!

These are the three most popular plafatormas of the moment:

Upwork : although for now it is only in English, it has a huge number of clients
Freelancer : is in Spanish, has less customer volume and is not so easy to use
Fiverr : is also in Spanish and has many potential clients, but most do not intend to spend too much money
All usually stay around 10% of your billing and rely on customer reviews to increase or reduce your popularity. The more positive reviews you have, the more visible you will be for those users interested in services like yours.

It is possible to earn enough money with this type of business if you become popular and your services are in high demand. In fact, I know people who are dedicated full-time to serve clients doing translation work.

You do not need to build an audience
You can start earning money from the beginning
Some platforms have a huge volume of customers
You cannot convert it into an automatic passive income
The margin is not too large
There is usually enough competition

7. Become a copywriter

More and more companies and entrepreneurs are betting on strengthening their online presence, and that means that the demand for written content is increasing.

To give you an idea, every day more than 3 million articles are published in blogs. This need to generate content has caused editors to have become a highly demanded profile in the online world.

In addition, the entry barrier is very low: you just have to like it and you must be good at writing.

Within the copywriters there are several levels according to their specialty, experience and the quality of their texts, and their standard rates are usually around 3 to 10 euros per 100 words (although some charge much more), bringing a text of 2,000 words It can be paid perfectly at more than 100 euros.

I have worked with several copywriters for my Amazon affiliation projects , and I know that, dedicating full time, the monthly income of an editor can be around 2,000 and 3,000 euros.

Generally, copywriters specializing in creating sales pages are the best paid, as they are the key stage to get a visitor to end up becoming a customer. In some cases, thousands of euros have been paid for such a page .

With the rise of copywriting platforms have also appeared dedicated to putting editors in contact with companies, entrepreneurs or bloggers who need content. Some examples are:

iWriter : there are more and more  editors joining this platform. It does not pay excessively well, but it makes up for it with the amount of customers it gets.
LowPost : Pay something better and have a good volume of customers who need written content.
Textbroker : allows you to negotiate the price directly with the client, but on the contrary there is not too much workload.
If you are interested in starting a business as a copywriter from home, Javier Pastor and Maider Tomasena have highly recommended courses in  copywriting .

You don’t need anything else to know how to write well (and that you like it)
With editor platforms you can start making money today
The best copywriters win real fortunes
There is more and more competition and it costs more to stand out
Rates are falling for the proliferation of copywriters
It is not a passive income

8. Sell online courses on other platforms

If you want to sell an online course but are not willing to work for months to build an audience on your blog, you have a faster alternative.

There are platforms like Udemy or Tutellus where you can become an instructor by uploading your own paid video course. These platforms usually receive thousands of visits a day from people interested in learning about a specific topic, and if your course covers a demand and meets the expectations of users, you can earn enough money.

Unlike your own blog, to sell on Udemy you must adjust the price of your course (according to the studies of the platform itself 90% of the courses sold are below 50 euros).

But still there are people who generate thousands of euros a month , as evidenced by the fact that some courses in Spanish already have almost 20,000 enrolled:

Udemy
Assuming an average of 15 euros of profit per course sold, you can already imagine the money they are earning with this.

My recommendation to build a successful course in Udemy is as follows:

Make a list of topics in which you think you know more than the population average
Create your Udemy account and enter your themes in the Udemy Marketplace Insights , an application that allows you to calculate the potential of your online course
Choose a theme where the monthly earnings of popular courses are high
If the demand is HIGH and the number of MEDIUM or LOW courses, you are facing a very good opportunity
Udemy course
In this real example, the most popular courses on web development in Spanish are generating an average of more than $ 4,700 per month.

Then look for a course in English on that same topic that is selling a lot
Get inspired by its title, format and content structure (which have already been shown to work) to create your course
You do not need to capture visits or create an audience
There is still little competition in Spanish
The price of the course is limited
The topics that sell the most are the techniques

9. Sell your creations in marketplaces

If you like photography, composing music or programming, you have a business opportunity in some platforms that act as a marketplace , putting creative contacts with clients.

The concept is simple: you associate with these companies and they include your creations in the list of products on their website. When a customer buys a license to use your content (be it a photo, a music jingle or a web template), you earn money and they take a commission.

These are some of the most popular marketplaces:

For photography you could sign up for image banks as a provider in Shutterstock or Fotolia , where they pay you a percentage of the subscriptions of customers who download your photos.
For music you could join Encore (a website specialized in hiring musicians for events) or license your creations online on Airbit or AudioJungle .
If you create web templates or plugins , you can sell them through Themeforest . This is the most popular platform for buying and selling digital products, where some suppliers have come to bill more than 1 million euros a year.
It is true that, as a general rule, it is not easy to generate large revenues in this way. Unless you have some extremely popular product, the most common is that you earn extra money every month to complement your other sources of income.

You are exposed to a lot of potential customers
It is a 100% passive income: once you upload your creations, you can stop worrying
If you are not extremely popular, the income is not very high

10. Give online language classes

 

In recent years, online classes have become very popular among people who live abroad and want to learn Spanish. Although the ideal is that you train as a teacher, it is true that in many cases the simple fact of being native and having a good methodology can already be enough to attract students and earn a good salary.

There are two ways to teach online language classes:

Through your own blog
Through platforms like Verbling or Itaki
The advantage of creating your own blog and offering classes there is that you can set higher prices, and you will not be competing with hundreds of teachers that would appear next to you on the platforms.

However, starting a blog and getting visitors is a medium-term job in which you will have to spend a lot of time.

On the contrary, online class platforms usually charge a monthly commission for remaining enrolled, but in return they put you in front of thousands of students looking for language teachers.

Itaki
In addition, the fact that many students reside abroad will allow you to adjust the schedules of your classes to strips where you would not normally have students if you did classes in an academy, such as after dinner or at lunchtime.

If you are interested in teaching online, my recommendation would be to sign up for those platforms while growing your blog. When the latter is popular, you can focus exclusively on it.

It is a quick and easy way to earn money
There is a lot of demand, and classes pay well
The money you are able to generate will depend on the hours you are teaching
Surely you must train to be able to teach with guarantees

11. Work as a virtual assistant

The virtual assistant profession is one of those new opportunities that have emerged with new technologies, and whose demand is expected to continue growing in the coming years.

A virtual assistant is someone who works remotely taking care of several other people’s tasks, be they bloggers, entrepreneurs or even companies, to download them from the most tedious and heavy work.

Some of the functions performed by virtual assistants are the following:

Receive and answer emails
Take care of your client’s agenda
Update contents
Pay suppliers
Organize face-to-face events
Prepare documents in Word or PDF
Manage and energize private Facebook groups
Hang content on social networks
Edit videos
Edit written content
In general they are usually quite mechanical tasks, but if the client trusts the virtual assistant and establishes a relationship of trust, they may end up delegating tasks of greater responsibility, such as writing content or contacting the media.

There are several ways to get clients as a virtual assistant:

You can contact yourself with companies, bloggers or entrepreneurs and present your services (ideally, you will provide a sample to check the quality of your work)
You can watch the requests of virtual assistants that bloggers usually make to their subscribers
You can sign up for Upwork or Freelancer , as many entrepreneurs look for virtual assistants on those platforms
The rates of a virtual assistant are usually calculated at a price per hour, which usually ranges from 10 to 40 euros per hour worked, although some specialized assistants can charge much more.

It does not require any initial investment
No specific skill is necessary, only management capacity
It can be done from home and part time
It can be monotonous or not very rewarding
It is not possible to automate
12. Create an online store
Electronic commerce is booming, and if you sell products or you can get them from a wholesaler or manufacturer, one of the most profitable ways to make money is to create your own online store.

Nowadays it is very easy to create an ecommerce without any previous knowledge. There are specialized platforms that allow you to build an online store simply and quickly, such as Woocommerce for WordPress, Shopify or Magento .

Shopify
All of them allow you to offer several purchase options to customers, integrating payment gateways such as Paypal or credit cards. They are also responsible for keeping the stock updated and allow you to adjust offers and promotions.

The great advantages of this model is that it offers high margins , allows you to fully customize the image of your business and eliminates the internal competition of selling on Amazon, where the customer will find you with ten more companies that sell the same or similar.

In addition, if you put together a blog with an online store, you can create content that attracts visitors and generates customers constantly.

The main drawbacks are that you must make an initial investment to have a certain product stock, in addition to storing it and taking care of managing shipments.

In any case, the main key to success is to find a product where there is high demand and low competition . And if you buy it directly from a manufacturer, it is reliable and offers you good prices.

In the long term it is a fairly scalable model. I have advised online stores where at the beginning the same owner was responsible for making the shipments, and as the orders increased they ended up hiring a person to carry them out.

On the other hand, in case you want to sell handmade products, an option to consider is also Etsy .

sell on etsy
Etsy is an online macro store where only manufactured products are sold. You can register there and create your own commercial space where users can see the products you sell and buy them.

The platform charges you a 3.5% commission on each sale, and you also have to pay a symbolic price for advertising your products there.

Good profit margin
You have total control of your business
It allows you to create a blog to attract visits with your blog
Requires an initial investment in stock
Shipment management is at your expense
Depending on the type of product, you may encounter fierce competition (Amazon, for example)
13. Sell through dropshipping
The problem with online stores or platforms like Etsy is that they are not totally passive: you have to manage the stock and make the shipments.

However, there is another business model that downloads you from this responsibility: dropshipping .

The idea behind dropshipping is to partner with a manufacturer or wholesaler so that he can handle shipments. You just have to create the online store where orders will be collected and attract customers.

In addition to eliminating all the work of shipping, dropshipping also has the advantage of reducing the financial risk associated with the purchase and storage of the stock.

The profit margin is usually between 20 and 50%, which is not bad. But the biggest drawback is that you lose control of the delivery and the condition of the merchandise.

This means that if the shipment does not arrive or it is necessary to process a return, customers will claim you and you must ensure that the incident is resolved with the distributor.

In dropshipping it is essential to work with serious and reliable distributors, and have a system to synchronize their stock with your product catalog. Otherwise it may happen that customers buy products in your store that are actually sold out or discontinued.

To find distributors you can attend fairs where several manufacturers of the type of product you want to sell, research and reach a dropshipping agreement with them are exposed . To avoid dislikes, it is best to work with two or three distributors who can serve the same product.

There are also platforms that are responsible for contacting several dropshippers . Some of the best known are:

Aliexpress : it is a gigantic Chinese e-commerce website with thousands of suppliers.
BigBuy : it is a Spanish platform with a strong presence in Europe, specializing in products for companies.
DHgate : another Chinese giant, specialized in electronic products.
Amazon also has a similar model to dropshipping , called FBA (Fulfillment By Amazon). Are those products where the brand of the seller appears next to a “managed by Amazon .” This indicates that it is a product of an external seller but that distribution and after-sales are carried out by Amazon.

Amazon FBA
In this case you should buy an initial stock, but you send it to Amazon to save it in its stores and make the shipments. Then, you can integrate your online store with Amazon FBA to manage shipments from there.

There are several ways to automatically integrate the orders you collect in your store so that they automatically reach the distributor, and most ecommerce solutions such as Woocommerce or Shopify offer them.

Does not require any initial investment (except Amazon FBA)
Generate revenue on autopilot because you forget about shipments
Good profit margin
You totally depend on the distributor
If the distributor does not customize the shipments with your image, you are not building brand
In competitive markets you will have to adjust the price a lot

14. Use an online franchise

Online franchises are one of the fastest-growing businesses in recent years because they allow you to start generating revenue faster than other types of online businesses.

The model is very similar to that of physical franchises: you pay an initial fee to use the name of the franchise, and then this is a percentage of your turnover (usually between 20% and 40%).

To this you have to add the costs of stock if there were, since in some cases the business may need actions outside the Internet. For this reason, the ideal is to find franchises where you can provide service from home, such as consulting, training, web development or ecommerce .

The biggest advantage of online franchises is that they are usually based on a business model that has already proven that it works. In addition, they also allow you to use his name and thus take advantage of his authority.

Another point in favor is that, normally, your website will be linked and recommended from its portal, which will help you get customers. But keep in mind that, according to the franchise model, you must also look for clients to expand your portfolio.

There are many types of franchise ( here you can find several), such as:

Online stores that work through dropshipping
Real estate agencies to serve customers in your area
Digital marketing companies to take care of customer social media management
Online travel agencies that will get you the administrative license to operate
If you are afraid of not having knowledge on these topics, do not worry. Most franchises offer training and advice to their franchisees, in addition to promotional materials.

Creating an online franchise is a good way to generate extra income every month, since many allow you to work part-time, assuming the amount of work that you can attend. But, basically, it is not your own business.

They allow you to work part time
The investment is less than in a physical franchise
You will get customers faster
In some franchises, customer acquisition must be done by you
You depend on the franchise
Do not create your own business brand / person

Text
Video
Audio
The written format, be it a website or a blog , is comfortable because it allows you to control your message well. It is also very easy to edit before publishing.

If you are good with the camera, you may prefer to create a YouTube channel to transmit your messages. And if you have a good voice and speaking ability, you should rate a podcast .

You don’t have to stay with just one support, but to begin with it is better to focus on one and not divide the efforts.

My recomendation
In my experience, online businesses with lower risk and greater potential in the medium and long term are:

The webs membership on a product category
Create a blog about a theme and sell automated services, such as video courses
A blog will help you build your personal brand, in addition to probably offering greater long-term security.

What is your idea?
If you decide on a blog, first you have to make a fundamental decision: its theme .

The ideal is to specialize and meet a need of a specific audience. When you try to cover too many topics, your readers do not feel identified and stop seeing you as an authority on the subject.

To find your idea, ask yourself these three questions:

WHAT DO YOU LIKE?
If you are going to have to be writing on a topic for several years, it is better to be about something you like.

Look for hobbies or interests that you would never tire of talking about, because they are all excellent candidates to become the central theme of your blog. Write down 5 to 10 topics that meet this condition.

WHAT ARE YOU GOOD AT?
Now write down 5 things in which you consider yourself especially good or that your knowledge is above average. You can also ask your friends about what they would ask for advice; They will often give you very valuable information.

But remember that it is not necessary to be an expert in a topic to start a blog , because this is the fear that stops 99% of digital entrepreneurs.

When you launch your blog you will not have readers. By the time you start having an audience, you will have had to inform yourself so much about your subject that you probably know more than 99% of the population. What seems obvious to you, for a layman on the subject may not be so much.

CAN YOU MEET A NEED?
Now you should have several ideas to start a blog. Before deciding on one, validate that there is potential. That is, it covers an existing need and there are also people who would be willing to pay to solve it.

For example, you could create a blog with tips on how to find accommodation, socialize or travel safe for people traveling alone. If when you talk to them they tell you that they would be willing to pay to solve those problems, bingo!

Do not be afraid to make a mistake, because you can always adjust the theme to the needs that you find in your readers and in which you feel more comfortable.

In fact, when I started social skills, I dealt with all kinds of issues related to social psychology, and I only started to succeed when I focused on offering guidelines to improve the personal relationships of introverted people.

Create your payment service
The next step is to turn your blog into an online business by offering a paid service .

This service can be of two types: face-to-face coaching or a digital service , such as an online course.

The second option is my favorite, because it is the most scalable way to get passive income.

Creating a course in the form of recorded videos only has the initial cost (and it’s basically your time). Once you have created it it will cost you the same to sell one than two hundred, unlike coaching where you will be limited by the amount of hours you can devote to each client.

These are the advantages of creating an online course:

You will reach thousands of people worldwide
You will create an asset that will continue to provide you with money for many years
You can scale your business without limits
In abilitiessocial.com I sell a video course that generates an average of 3,000 euros per month. I only had to create it once. Then I put it on sale and I could forget about it: it became a passive income.

Monthly income blog
If you want to build a personal brand that reports long-term benefits, I recommend you start a blog and turn it into a business selling online training. Otherwise, affiliate websites still have a lot of potential.

Whatever your choice, the important thing is to start without waiting for everything to be perfect. Your experience in an online business is what will open a sea of ​​new opportunities.

I hope this article has helped you understand what profitable online business models exist today. Each of them has its advantages and disadvantages, but these are the ones that are currently generating more income for small entrepreneurs.

Do not see the Internet as a solution to earn money quickly. Although there are people who have become millionaires overnight, they are the big exception. To succeed you must be willing to learn, be consistent and persevere.

My final recommendation is that you create an online business that can be automated and belong to you, such as a blog or an affiliate page. It will last more in time.

And you? What kind of online business do you want to start?

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