Online Business Ideas: 16 Best Low-Cost Ideas and How to Start (Part 1 of 4)| Mark Hayes

Running an online business definitely has its appeal, but it also comes with its own set of challenges. The truth is, starting a business of any kind is hard work. While some may think of the internet as a get-rich-quick scheme, basic business principles still apply. 

In reality, “online” is just a channel that connects businesses to people. It’s a powerful tool that lets you reach anyone from anywhere in the world. But creating a business with it is still about connecting the right customers with the right offering.

Countless people have already made the leap into entrepreneurship. And with the right online business ideas and plenty of sweat equity, you can too.

This isn’t about one simple life-changing trick. Starting an online business doesn’t work that way. Instead, to help you find profitable online business ideas, we’ve put together a collection of simple ways to start a business without quitting your day job.

16 best online business ideas

Wondering what some good online business ideas are? Browse the following list to find the best business idea for you. 

1. Start your own clothing line

If you have some designs in mind and a little bit of time on your hands, you can get your clothing company off the ground.

If you already own a Shopify store, you can set up your own clothing line using OberloPrintifyPrintful, or a similar product-sourcing app. Each automatically links your store to apparel printers and clothing manufacturers. They also handle every step of the retail fulfillment process for you, giving you the freedom to design and ship a wide range of pieces right out of the gate.

Why start a clothing line?

  • There’s nothing more satisfying than creating products that people will use every day.
  • As soon as you build your Shopify store, you’ll be able to start selling instantly. Thanks to print-on-demand apps, the process of designing and delivering your own custom-made clothing has been streamlined and simplified.
  • You’ll love the feeling of seeing your designs come to life by transforming your creativity into something real and profitable.

We used Printful to create THINK PUP, an apparel store for dog owners, and ended up making over $1,200 in just three weeks. With some time and research, you could be well on your way to building a successful t-shirt company, too.

We’ve curated some handy resources that will help grow your apparel business at every stage, from crafting your brand’s story to promoting your products with influencer marketing :

2. Launch a dropshipping store

Think you need a warehouse full of inventory to run your own business? Think again! Dropshipping is a great way to start a business on a budget. You can hit the ground running by sourcing a pre-existing product from a supplier and having them take care of things like packaging and fulfillment.

This process lets you skip over a lot of obstacles that might be standing in the way of you starting your own business. More importantly, it eliminates the risk of finding out there’s no market for your product after placing a huge order with a manufacturer or supplier.

Why choose dropshipping?

  • You don’t need to stock products in a physical location, meaning that your cash flow won’t get tied up in inventory. There’s less of an upfront cash risk.
  • Whenever a purchase is made, you place an order with a third party and they handle the rest of the process for you. Since you don’t have to deal with things like tracking inventory or mailing packages, dropshipping eliminates a lot of potential headaches for budding entrepreneurs.
  • No warehouse means you can run your business from anywhere. Whether it’s your living room or the café down the street, you decide where you want to work from.

If you’re interested in dropshipping, read our Ultimate Guide to Dropshipping to help you get started.

If you don’t have any online store ideas, here are some strategies for narrowing down the perfect product:

3. Sell your art online

Whether you’re a painter, photographer, or musician, there are plenty of ways to start an online business and turn your latest masterpiece into a source of revenue with a beautifully designed ecommerce website.

If painting or photography is your forte, you can sell your work as prints, canvases, and framed posters using Printify or Printful. This is a fantastic way to turn your art into something tangible that people can take home and integrate into their space. Is music your thing? You can sell your beats, songs, samples, and more as digital products.

Just take a look at The Drum Broker, the largest online drum sample business in the world. It created a successful and sustainable business model with the help of apps like FetchApp and ShipStation.

Why sell your art?

  • You’ll be part of people’s lives by getting your work into customers’ homes.
  • You’ll create a platform for showcasing your work by setting up shop online.
  • As an artist, creating art isn’t just a hobby—it’s a way of life. This is your chance to turn your passion into an income stream and potentially do what you love for a living.

Ready to bring your online store idea to life? Get started with the following resource:

4. Become a freelance writer, designer, or developer

Writers, developers, and graphic designers can start a business based on their talents. As a freelancer, you’ll be able to put your skills to good use by helping people across the world with their projects (while making some money yourself, of course).

Freelancing doesn’t mean committing to months-long projects that eat away at your free time. You can easily pick up bite-sized tasks that fit your schedule.

To find people that need your help, try freelancing marketplaces, like Upwork and Fiverr.

It’s worth noting that Fiverr is a little different from a traditional job board. As the name suggests, a lot of the posted jobs pay $5. The key to making big money on Fiverr is carefully setting up your offers so you can easily upsell the client for more money.

For instance, you could offer to write a 150-word introduction for a blog post as your initial $5 service. As an upsell, you could charge another $10 for every additional 150 words. You can tweak your services until you’ve found a combo that makes it worth your while.

If you want total control over how much you charge, create a Shopify store. You can list your services as products and disable shipping, since you won’t actually be physically delivering anything to your customers. You can even use apps like BookThatApp and Events Calendar to give your customers the option to schedule appointments.

Why freelance?

  • When you freelance, you choose which projects you want to work on and set your own schedule and workplace.
  • Getting paid to do something you’re good at is a rewarding feeling, whether you’re looking to strike out on your own or just want to make some extra cash on the weekend.
  • If you’re new to writing, designing, or developing, freelancing is an excellent way to build your portfolio and get some real experience in a wide range of industries. You might discover that you have a knack or passion for something you never expected.

If freelancing sounds like it might be a good money-making website idea for your lifestyle, we’ve put together some great articles that can help you make the most of your time:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.