Does the thought of starting an online business this year sound good? Ask yourself a few questions about starting a new business.
- Where does your passion lie?
- Are you looking to start a side business?
- Do you want a complete career transformation?
- What industry interests you the most?
You don’t have to be an expert in the field, but having general knowledge will help you easily get started. Become well-versed in your favorite industry!
If you don’t know much about your passion but feel strongly about it, there are tons of free courses online and on YouTube that will help you find the right direction or get you started on your dream job!
Many people’s job situations have changed recently and are now working from home or looking for a new job. If this describes you, know that you are not alone with the challenges that you face.
In the United States, most workers were transitioned from a traditional office environment to their homes for one reason or another. This means they had to learn how to work at home despite the obstacles in their way.
Top 10 Businesses for You to Start This Year
1. Software Developer
According to U.S. News and World Report, software developers have a bright future ahead of them. The median salary for this job is approximately $107,510, the unemployment rate for this career choice is only 1.4%, and by 2029, it’s expected that there will be 316,000 new jobs available for software developers!
Many software developers don’t have a formal education, but instead, they learned the tricks and trades that gave them the skills they have today.
Some understand computer programming, while others just have great ideas that develop into million-dollar projects! Of course, you should not bank on that going into this field, but you can succeed.
App development is very popular right now, as more and more people communicate with their mobile phones more than any other way. They use their cell phone data plans for accessing the web, rather than going on a physical computer. If you have a great idea you want to get started with, consider creating a cool app for mobile devices!
2. Social Media Specialist
A social media specialist knows all about how to get the maximum exposure for your brand on social media avenues, like Reddit, Facebook, LinkedIn, Twitter, Instagram, Snapchat, Pinterest, and hundreds more!
An expert in this field knows where to advertise and when to do so. It all depends on who your target audience is.
If your target audience is stay-at-home moms, you probably won’t want to advertise in the middle of the night. They usually aren’t checking their Facebook notifications in the middle of the night unless their child is keeping them up.
A social media specialist knows these things and can best advise you on where and when to post your content. Also, a social media expert helps manage social media content.
They can even set up your profiles for you, so you won’t have to deal with any of the fuss of it all. Instead, you can focus on writing awesome blog posts or beautiful copy on the pages of your website. Let the specialist do all the work for you!
If you are very knowledgeable of the various social media networks, know when to post on them, and are skilled at knowing what to say in social media posts, you might consider doing this for a living!
3. Online Reseller
A reseller is someone who buys items and then resells them to new or existing customers. Usually, when you think of online reselling, you think about Craigslist, Poshmark, or Facebook Marketplace.
These are great resources to use if you plan to resell something you already own. It’s like a garage or yard sale, but it’s through the internet.
Web resellers are one type of online resellers. They purchase hosting from an ISP (internet service provider), and then they resell it to clients or customers. Alternatively, some resellers purchase domain names and then sell them at a markup to customers or clients looking to purchase those domain names.
To be a successful online reseller, you must know how to get the best results online. Understanding where your customers go for information is crucial. If you can’t reach them, you won’t be able to sell or resell products to them. Do an audience analysis to better understand your target audience.
- Where do your customers go to find what they are looking for?
- What websites do your customers trust to sell them the products and services they want to buy?
The answers are dependent on your particular target audience and the location you plan to sell your items at. Learn more about how to build trust with your audience.
4. Online Tutor or Teacher
Many websites give you the opportunity to become a tutor online. Tutor has a great website and introductory video where you can get started. You might also check out this article from the Balance: The 8 Best Online Tutoring Jobs of 2021. Also, be sure to check out Udemy and SkillShare.
- Are you an expert on a subject?
- Are you passionate about something in particular?
- Do you have a strong educational background?
- What areas do you shine in?
- In what areas could you teach someone else?
You will probably have to pass a test or two to prove your knowledge, but once you get a little bit of experience under your belt, you can become a valuable commodity! Plus, you’ll know what to expect from tutoring jobs, so they will be easier to apply for and win!
5. Virtual Assistant
Are you looking to be a virtual assistant to someone else? You can get started by signing up at Upwork or Fiverr. Both websites give you a chance to build your profile, apply for posted jobs, and showcase your portfolio. You can get a job within a day as a virtual assistant, and assistants are high in demand right now.
With many people working from home now, hiring a personal assistant in person doesn’t make quite as much sense as most of the work is done online.
So, hiring a virtual assistant is the answer to many executive’s problems, especially those who are overwhelmed with having too much work to do by themselves.
If you have the time and are motivated to do a good job on someone else’s work, you should consider being a virtual assistant. You will have to be able to follow directions and show that you are reliable in order to get your (virtual) foot in the door, but you can get there with just one happy, satisfied client.
6. Financial Consultant
Depending on what kind of consulting you are doing, you may be able to land a sweet deal by being a financial manager or financial advisor.A financial manager typically works with top executives to help businesses make the most financially-wise decisions. Financial advisors may work with businesses, as well, but they typically work with individuals, too.
According to U.S. News and World Report, financial managers have an unemployment rate of 1.4%, and the industry is expecting to have over 108,000 new jobs available by 2029! That’s a booming industry!
Financial managers soar at a median salary of about $130,000 a year! That’s not bad at all! You will have to work closely with others in this job!
Likewise, financial advisors were reported as having an unemployment rate of just .4%! This industry expects to have 11,600 new jobs for financial advisors by 2029!
You can make a lot of money doing this, as well. Financial advisors make close to $90,000 per year for just giving financial advice! If you are a financial whiz, you should look into this!
7. Online Juror
If you would like to be an online juror, you can participate in mock trials on the internet. Basically, you assist lawyers as they prepare for the real trials. You do this by giving them real feedback. The earnings for a position like this are approximately $10 to $60 per hour. You must be a United States citizen to apply for this job.For more information, check out Online Verdict or eJury.
If you are interested in becoming a translator, you must first know another language fluently, so that you can translate it. It can be quite a profitable job; some translators make over $40,000 per year!
Get started on Translate.com. It’s a very easy process to enter; you sign up, take a test, and then start translating text! You will be translating social media posts, help support tickets, and blog posts on this website. Everything is on a first come, first serve basis, though, so it’s good to go ahead and sign up if you’re interested. They pay via PayPal.You can also get started as a translator on People Per Hour. On that website, you would sign up, showcase your skills on your profile, and apply for jobs that you are qualified for.
9. Social Media Influencer
In general, you are not required to have a formal education to become a social media influencer, but it’s good to know a few things about social media and the internet.
To get started being a social media influencer, you’ll want to select your niche, optimize your social media profiles on all sites, know your target audience, provide regular and consistent social media content, and engage frequently with your audience. Something like this does not happen overnight. It will take time to build up your followers.
10. Freelance Writer
A freelance writer can also wear many hats. Writers do not have to have formal education, but it does help with spelling, grammar, and syntax. To get started, you really just have to get your foot in the right door. If you can get and maintain one satisfied customer, the rest will follow.
Writers can be copywriters, ghostwriters, magazine article writers, editors, proofreaders, authors, resume writers and editors, and many other fields. If you are looking to get started as a freelance writer, you should check out Upwork or People Per Hour (PPH). Upwork is kind of like the American version of PPH. PPH is typically for UK writers.
On each platform, you can upload your portfolio to show people what you’ve written, create a profile to showcase your skills and abilities, and apply for jobs you see that you think you’d be a good fit for. Once you get a couple of satisfied customers, you will stay popular, provided you supply clients with continued high-quality work.
If you want to be a full-time writer, you will need to treat the job like any other career. Wake up at a reasonable time, work hard during the day, and get a good night’s rest. That’s true for just about any freelance career, but you must interact with clients and other writers, so it’s good to have a clear head.
Bonus Ideas for You!!
Would you like even more small business ideas?
Do you want to learn even more at-home or online business ideas?
Well, here are even more new business ideas for you to consider! One of these full-time or side business ideas may be just the right one for you! Use this list of business ideas to come up with even more! Perhaps one of them will be your dream job!
If you are interested in starting a side hustle, you don’t want to miss out on this complete guide to side hustles.
Are you wondering what a side hustle even is? It’s a way for you to earn extra money on the side. A side hustle accompanies your full-time job.
For example, if you would like to try offering a ridesharing service (Lyft and Uber are examples), you could do that in the evenings or on the weekends to accompany your regular full-time job. A side hustle can even turn into a full-time job!
What’s great about side hustles is that they are often jobs that individuals are very passionate about. For example, an accountant may decide to start a side hustle of copywriting on the side, which is his or her true passion or favorite hobby!
Wouldn’t you love to do something you are passionate about all day long? Take a look at these start-up business ideas for even more ideas to find the job of your dreams!
- Food Delivery Driver
- Daycare Service
- Hair Stylist
- Dropshipping Service
- Pet Groomer
- Boat Repair or Cleaning Business
- Event Planner
- Moving Service
- Gift Basket Service
- Hair Stylist
- Human Resource Specialist
- Animal Rescue
- Cleaning Service
- Personal or Executive Assistant
- Information Technology (IT) Specialist
- Pet Sitting Business
- Personal Trainer
- Dog Walking Business
- Lead Generator
- Physician Assistant
- Professional Home Organizer
- Online Bookkeeper
- Real Estate Agent/Realtor
- Interior Decorator
- Tax Specialist
- Dry Cleaning Delivery
- Bicycle Repair Business
- Family Therapist
- Couples Counselor
- Physical Therapist
- Book Editor
What You Should Know About Working From Home
If you are creating your own online business, you should know how to create a business model. Read more about the 7 Elements to a Strong Business Model. Small businesses that do not start with a strong business model are unlikely to progress quickly or succeed at all.
You’ll also need to know how to manage your workload and communicate effectively with other workers. It can be very difficult to be efficient and effective yet productive – all at the same time – when working from home. Work on increasing your productivity when at home by following a few tips.
You won’t be able to reach potential customers if you are burned out from starting a home-based business that isn’t going well. You’ll need to develop a good rapport that can really only happen when you are in a good place – a happy small business owner with a new entity, for example.
What type of business will help you with that extra cash you were hoping to earn?
If you have found that starting a business from home is the best option for you, you may need to manage your time in an effective and efficient manner. For example, you should designate when you will spend time working and when you will take breaks or spend time with your family. It’s important to have a balanced life when working full-time from home.
To Sum Things Up
Hopefully, some of the online or home business ideas for you to try this year will give you a head start in the direction you think you need to go! Remember that there are all kinds of business startup costs and expenses with these startup business ideas that you need to take into consideration when planning your online or home-based business idea.
There are tax considerations you need to understand when starting your own business. You may need to pay estimated quarterly taxes if you are self-employed. Check out this guide to being self-employed for more information on the tax implications of owning your own business.
Keep in mind that you can succeed at most anything you set your mind to; you just need to have the right attitude, the best amount of motivation, and the perfect opportunity!
Remember that starting your own business is not an easy thing to do; not all profitable business ideas are going to turn out the way you’d expect. If you realize that each misstep isn’t a failure but rather a learning opportunity, you will fare much better than if you were to call yourself a complete failure for each thing that doesn’t go according to plan.