The home-based online business industry has grown exponentially. People from all walks of life are realizing the huge income potential from online businesses. Whether you want to make an online business your full-time pursuit or just want to make a little extra money to supplement your regular salary, these online business ideas are available to start today. All you need to get started in your online business is a domain name, hosting, and a website.
1. Make Money as an Affiliate
Affiliate marketing is an effective way to make money with just a website. There is no inventory to buy or manage, and you don't have to do much after you set up your initial site.
As an affiliate, you would work with an established company that has a product or service they want to sell. On your site, you would promote the product or service and offer a link to the product owner's site, where your site visitors can go to purchase the product. You would get a percentage of all sales that originate from your website.
2. Set Up an E-Commerce Site
An e-commerce site is basically a virtual storefront where your site visitors shop for products you sell. E-commerce is a booming market, and it's estimated that by 2018, sales in the U.S. alone will reach upwards of $500 billion.
To set up your e-commerce site, you need to have a product or service to sell, shopping cart software installed on the site, and a set of payment options for your customers. After a purchase is made, you would just have to fulfill the order via download or product shipment.
3. Provide a Review Site
A review site is a website where you objectively review various products and services that are for sale around the world. You can write review articles and make comparison charts of similar products so your site visitors can easily compare features and benefits of the various products.
You can make money with your review site by hosting paid ads on your site. Each click through that one of your site visitors does from your site would earn you a pre-specified amount from your advertisers.
Online businesses are a great way to help people make extra money or to work from home. With very little resources needed beyond a domain name, hosting, and designing a website, online businesses are an accessible industry for people from around the globe.