There are hundreds of online business opportunities available to those who look for them. But there are few evergreen online business ideas that always work, which have stood the test of time.
We discuss 7 online businesses that will always be around. You’re probably familiar with some of them already. Here they are…
#1: Affiliate Marketing
Affiliate marketing is one of the oldest online business opportunities out there, and guess what, it is still as effective as ever. There are a few affiliate marketers who make a seven-figure income, while the average for most affiliates is something between $10,000 and $35,000 a year. In fact, affiliate marketers in the US are expected to be paid a total of $4.5 billion in 2016, which is big, by any yardstick.
Affiliate marketing will always be popular as people look for product reviews before buying products. Affiliate marketers provide valuable information about a product, which buyers need. With online shopping expected to touch $520 billion in the US by 2020, there will always be a demand for affiliate marketing.
#2: Sell on Amazon or eBay
You can always make money as a seller on a popular online marketplace such as Amazon, eBay, or for that matter, Etsy. Ecommerce sales have touched 1.922 trillion so far in 2016 in the US, and are projected to be 2.356 trillion in 2017. That is a lot of money, and Amazon and eBay sellers get a chunk of it.
If you want to be a seller on Amazon, I recommend joining the FBA or Fulfilled by Amazon program. It would make things a whole lot easier for you. If you are going to sell on eBay, I suggest learning everything you can about dropshipping, as this would allow you to maximize your earning potential as an eBay seller.
Blogging is the easiest way to make money online and also the oldest. People have been blogging for money since 2003, which was when Google AdSense was introduced. There are bloggers who make six-figure or even a seven-figure income from their blogs. Even Hollywood celebrities such as Gwyneth Paltrow have taken to blogging in a big way. Paltrow reportedly makes millions of dollars a year from her blog www.goop.com.
There will always be a great demand for well-written blogs as people will always be hungry for content. There are various ways of monetizing a blog such as Google AdSense, affiliate marketing, Selling ad space, writing product reviews, etc. The important thing is to be patient as blogging is not a get rich quick scheme.
#4: Niche ecommerce Websites
Niche ecommerce websites have always been popular. These are websites that sell products that are neglected by major ecommerce sites such as Amazon and eBay. This could be handcrafted jewelry, pottery, fish oil, unique bridal wear, etc.
#5: Online Courses
Selling educational products such as online courses on Udemy and Teachable is perhaps one online business idea that will never fail. There is a huge demand for online courses in web design, coding, SEO, and a multitude of other marketable skills. If you’re good at any of them, this is something you can provide to your clients for good money.
Udemy in particular, is a highly disruptive startup that has made it possible for people to share their knowledge and make money from it. You don’t need an online platform like Udemy to sell your knowledge. You can create your own website and sell your online courses, which could be in the form of an ebook or video coaching session.