Recently I did a presentation in one of my business classes on the internet, how it’s emerging, entrepreneurship and job opportunities online. I thought this would be great to share for inspiring entrepreneurs.
Top 5 Online Businesses: no particular order
Ever wanted to be your own boss? Online businesses can be very profitable, only if you do your research and know what you’re getting yourself into. The journey isn’t fly-by-night, it can fail, but with persistent it can be rewarding. I’m going to name, my top 5 online businesses.
1. Online publications/newspapers/magazines
ex: Unheard-Voices The Online Magazine, New York Times Online
The truth of the matter is, a lot of people are putting down the paper and reading it online. It was about seven years ago since I last seen a newspaper at my doorstep. Of course, I still subscribe to my favorite magazines. But content online is more accessible, faster, and sometimes have more exclusives than already made in an advance magazine. You can offer subscriptions on your site. Or you can offer the content free of charge. You will make your revenue by placing advertisements on the site.
2. Social Networking
ex: Facebook.com
It can be very profitable, but I would do extensive research before starting a site like this. People will go to duplicates, but your site must differentiate.
3. Blogging
ex: ConcreteLoop.com
Write about your favorite topics and get paid for it. This probably one of the biggest trends out, and the quickest way to create revenue and your own brand.
4. Internet Marketing
ex: Google, web publisher
The internet’s key revenue driver, buying and selling ads. If you’re a web publisher, you’re posting advertisements on your website for companies to advertise their product. The more traffic you drive to your website, the higher bids can be, and revenue can be made. This can be extremely profitable with extensive research.
5. E-Commerce
ex: amazon.com, ebay.com
Selling products. Start your own online store today.
Others that didn’t make the list:
Domain Hosting Business
Web-Hosting Business
Affiliate Marketing
