Wondering how to start your own online business from scratch? Here we want to show you the 3 best online businesses to start, even if you’re a beginner, in 2021 and beyond.
Top 3 Online Business Models For Beginners
You’ve probably looked already some ways to start your own online business but with a lot of possibilities out there you lost yourself.
Don’t worry, at the beginning you can feel overwhelmed trying to understand what kind of business to start, but in this post we’ll give you our personal recommendations and guide you in your choice.
Affiliate Marketing
This is the first way we recommend to to follow in order to start your own online business from scratch.
Affiliate marketing is a business model in which an affiliate generate traffic or leads for a third company and earns a commission by promoting the products or services of that company, once a customer buy through his affiliate link.
In other words, you just pick a profitable niche in which you can find a lot of available products or services and then you start promoting them to an audience, without maintaining an inventory and without worrying about shipping the products to the customers.
What are the steps to get started with affiliate marketing?
You sign up for a specific affiliate program or an affiliate network, these are the most common:
- Amazon
- ClickBank
- CJ Affiliate
- ShareASale
You start promoting the products related to your niche and once you start getting traffic to your website, some visitors will click on your affiliate links.
If the customer buys a product after clicking the link on your website, you’ll get paid by the affiliate network or the merchant.
There are 6 main steps to follow in order to be successful in affiliate marketing:
- Choose a niche
- Find products to promote
- Build a website
- Post content
- Drive traffic
- Make sales
If you wish to know more, let’s check our step-by-step guide for beginners:Â how affiliate marketing works.
Dropshipping
Nowadays, one of the best online businesses to start is opening an eCommerce store.
The eCommerce industry is growing at a super fast rate. Therefore you wanna jump into it, if you wish to become a digital entrepreneur.
Revenues are estimated to grow to $4.8 trillion within 2021.
Starting a profitable eCommerce store it’s not something you are able to do from one day to another.
Anyway, you have the possibility to start you own eCommerce business even with no prior experience or without owning any products.
This second business model is called dropshipping.
How does dropshipping work?
“Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. As a result, the merchant never sees or handles the product”, Shopify.
The best platform available today to build your online store and start selling online is indeed Shopify.
Shopify allows you to manage the store thanks to an intuitive dashboard that will keep you on track with all your commercial activities. Its marketplace hosts more than 2,000 apps to integrate to your website, in order to improve the user experience and boost the conversion rate.
Shopify is definitely the all-in-one platform for eCommerce entrepreneurs, helping you to scale your business and make money online.
If you are interested, read more here: how to start a dropshipping business.
Amazon FBA
Amazon FBAÂ stands for Fulfilled by Amazon. It means that Amazon allows other people like you and me (3rd parties sellers) to sell our products on its platform, meanwhile Amazon will take care of packing and shipping to the customer.
Amazon takes some fees to use the FBA program, but considering that is the eCommerce with more traffic in the World and that you can potentially make a lot of sales, paying a fee it’s really worth it as Amazon will take care of every logistic aspects and customer service.
How to become a seller on Amazon?
You can open an account as an Individual or as a Pro Seller.
If you want to make business with Amazon, you need a Pro Account. Instead, if you want just to sell some items from time to time and not doing it regularly then you can start with the Individual account, you can always upgrade later.
If you've never been selling on Amazon or any other eCommerce Platform, you can follow this course.
If this sounds to you the best way to start your own online business, we have an in-depth full guide about it: how to sell on Amazon.
What Is The Best Online Business To Start With No Money?
Now that you have a more clear vision about the online business World, let's recap what are the best online businesses to start if you are a beginner and what is my favourite choice.
- Affiliate Marketing
- Dropshipping
- Amazon FBA
All of these business models are legitimate. If you follow our 7 steps to start your own online business, no matter what you choose.
With the right efforts and perseverance all of these 3 online businesses allowed many people to make hundred thousands or even million dollars per year.
If I had to re-start my online business today, I would choose affiliate marketing.
There are tons of ways to make money with affiliate marketing.
You can start your business almost for free by starting a blog, focusing on creating content around specific words that people are looking for when browsing for specific topics online.
Once you create blog posts, you insert affiliate links inside your content and people will start clicking on those links. Once they buy the product or service you are promoting, you'll get your commission!
If you are willing to spend at least $50 to $100 a year, you can be already in business! This are the basic costs in order to have an hosting platform and a domain name for your blog.
Are you wondering if there is even a better option? Yes, my friend.
I want to show you what let many people around the World, including me, started an online business from scratch.
Become a successful affiliate marketer with Wealthy Affiliate
Let me introduce you to Wealthy Affiliate (WA), the best affiliate marketing community online.
Wealthy Affiliate is an all-in-one platform for beginner affiliate marketers as well as for more advanced marketers.
WA is more than just a community, it offers you:
- Step-by-step training: how to setup your website from scratch and build a profitable business
- All-in-One Platform: all essential tools & resources for your online business (e.g. website builder, web hosting, keyword research tool…)
- Comprehensive Support System: get help 24/7
- Amazingly Active & Helpful Community
You can open your free account and get access to some of the features, including 10 basics lessons about online business, a keyword tool up to 30 searches and as well the possibility to build 2 free websites. No credit card required!
I'm part of the community as well and I'm a premium member.
Let's check if Wealthy Affiliate fits your needs, once you go through all the free content you'll get a special offer during the first week, to join me and other 1.2 million people and become a premium member of the community (1-to-1 coaching with me included).
Do have any questions regarding what are the best online businesses to start or anything related to Wealthy Affiliate?
Please leave them in the comments below and we'll try respond to all your doubts.
See you inside 😉