It’s never too late to start an online business, in fact, I’d say this is the perfect time to do so as the digital population is increasing at an alarming rate. Also, it’s the best way to become your own boss and not worry about being laid off at your company when the world economy is at its knees. In this article, I will share with you the top 10 online business ideas for 2023 that you can start from scratch and be able to make a reasonable income and potentially become rich if you scale them well enough.
With over 2.15 billion people turning to online shopping, it’s pretty obvious that’s where the money is… ONLINE.
Look at the richest people in the world, let’s take a look at the most popular ones, you all know Bill Gates, Mark Zuckerburg, Elon Musk, Larry Page, Larry Ellison, Alexander Wang, Jack Ma, and Jeff Bezos.
What do all these billionaire giants have in common?
They all have or once had an online business.
Elon Musk used to run PayPal – an online payment system.
Bill Gates used to run Microsoft – I don’t know which Microsoft product to pinpoint but you are probably reading this article on Bing or your Windows Machine.
Mark Zuckerberg – is the founder of Facebook, an online social metaverse.
I can go all day talking about the big names in the online space.
Please note: I am not saying you have to create a multi-billionaire business to be successful online. Unless you can. The sky is the limit, you have to believe in yourself.
We talked about the big names, now let’s talk about more realistic heights that other online business entrepreneurs reached.
Adam Enfroy runs a blogging business and his blog makes well over $300,000 per month. That’s more than your boss is making if you have any. OR unless your boss is Sunda Pichai the CEO of Google.
Mitchell Schroder makes about $100,000 per month from her blog called Making Sense of Cents.
In the dropshipping space, we got Harry Coleman with a dropshipping business that recorded over $10,000 per day in sales.
The possibilities are endless, just find any online hustle and go all in, that’s the drill.
Starting an online business is not a get rick-quick money scheme. You have to work your ass off. It’s a little bit easier these days with the rise of AI tools. But AI tools just made it more competitive to thrive in the online business.
Consistency is key, if you’re not making money yet don’t quit. Here at Lyncteck, we spent 4 months without making any money, not even a dollar but that didn’t stop us from writing more awesome content.
Don’t overuse AI tools, people like originality and so does Google. Don’t mess it up, at least do it for our sake. We want our readers and Lyncteck Community to be able to run a successful online business, it is our mission here at lyncteck.com don’t let us down by copying an article directly from chatGPT and pasting it into your blog and publishing it.
That’s bad business!!
With that said, here are the 10 best online business ideas to start in 2023 and make extra income by the side.
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1. Start a blog
Starting a blog is still one of the best ways you can make money online. We’ve seen big names make a fortune in the blogging category, Adam Enfroy is among the most successful bloggers on the internet with his blog adamenfroy.com.
If done right, a blog can be a source of passive income. Everyone wants passive income!
Nothing beats the feeling of going to sleep knowing that you are going to wake up with an increased net worth. Nothing beats that!
Bloggers enjoy the luxury of working flexible hours. You get to be your own boss, and the best part, if you’re blog is now established enough, even if you don’t do anything for a month – you can still make income with it.
So your goal as a blogger is to rich that snowball effect, where your blog growth is no longer directly involved with your input.
People will be just sharing your content and most of your pages will be ranking on the first page of Google.
Requirements of starting a blog.
- Content Writing Skills
- Search Engine Optimization (SEO) Skills
- Marketing Skills
If you have all that, then go ahead and start a blog. You can easily learn how to write content, in fact, you don’t have to be a professional writer you can use a tool like Jasper to help you write content. Unlike other AI tools, Jasper gives you the steering wheel, you are the one that detects where your content is heading.
There are many ways you can monetize your blog and that is the beauty of blogging. You are not limited to a specific monetization strategy, you can basically invent a new way to make money with your blog.
All that’s important is having an audience.
Like I always say – Your Audience is your net worth.
Learn how you can start a profitable blog here!
2. Create an Online Store
Did you know you can start an online e-commerce with zero coding skills? You don’t have to build the next Amazon.com. You can easily create an e-commerce store with WordPress. Visit this article if you want to learn how to make any kind of WordPress website.
Opening an eCommerce store to sell clothing or other things is one of the finest small business ideas to consider. By investigating hot items or focusing on a small market, you might get ideas for your online business.
Although segmenting your expertise might help decrease competition and offer significant development potential, it may initially draw modest traffic levels.
Besides WordPress, you can create your online store using Shopify. Shopify comes with a lot of e-commerce features that make your entire experience a lot easier and better.
When your store is ready you can sell your products across social media or by running Ads on multiple platforms.
Requirements to start an online store:
- Physical/Digital Products you want to sell.
- A WooCommerce or Shopify Store. (You can read more about the best e-commerce platforms)
- Subscribing to our newsletter😛
3. Start a Dropshipping Business
Dropshipping is one of the easiest businesses for amateurs to launch as it is low-risk but lucrative.
This business strategy is collaborating with suppliers to offer their goods on your website. The seller concentrates on selling the products to potential buyers; the vendor takes care of storage and shipment.
And that’s it.
You don’t have to purchase anything – besides hosting your website of course!
Again you can use Shopify again for dropshipping!
Your efforts should be directed at selling the items and developing a rapport of trust with your customers.
And to do that, you don’t have to sell every product under the sun. There’s already Amazon for that, the only thing that can make customers purchase your website is because you’re the go to guy for iPhone cases.
4. Become an Affiliate Marketer
When people think of affiliate marketing, what immediately comes to their head is creating a website and writing about products they are in partnership with.
Well, that’s not always the case.
You can be an affiliate marketer whilst running a YouTube channel. More on that later.
If you have a strong social media following you can basically become an Affiliate for any company that is interested in your type of audience.
All you need to get started with affiliate marketing is an audience!
That’s it, but the best way is through creating a website and writing about products on top of that social media following.
This whole making money online thing is a numbers game. The more followers you have, the more money you can make.
5. Start a YouTube Channel
This must be the most underrated way of making money online. I don’t hear people talk about it a lot.
Or it’s just that people are not so comfortable talking to the Camera? Let me know what’s stopping you from creating a YouTube channel.
Just like blogging, there are multiple ways you can make money with YouTube. It is often nicknamed vlogging.
Who are you looking at I also don’t why?
You can make money with Ads, with Affiliate Marketing especially during the starting days of your channel before you can monetize it.
With YouTube, you can also sell your own product and I think YouTube has a high conversion compared to a blog.
Think of it this way. I can write that am selling a car that hits 0-60 in 0.20s, it’s impossible but I managed to put it in writing. You can’t show people a car going from 0 to 60mph in under 0.20s on a video. Unless you are very good at editing, or you outsource the editing to some random dude on Fiverr – just like how DC movies do it.
🤣That was a joke, DC movies are great.
Get a camera or use the one on your cellphone and start making videos now!
6. Develop applications
This is a hard one. You have to know what college students dub – programming and what dropouts dub – real-life superpower. Super Sayain.
Coding is not that difficult, I believe anyone interested can get started with coding and become very skilled at it, just like any other skill that you can learn – you need some practice to be good at it.
I admit coding can be hard sometimes but that shouldn’t stop you from learning it. In fact, in my opinion – coding is the best skill you can have in this day and age.
You can even get a good high-paying job in programming. But for today am here to tell you about using the so-called “superpower” to make something real world.
Something that solves a problem.
Identify a problem and solve it with code.
The best place to learn code is through YouTube.
7. Become a Freelancer
This is probably the quickest way you can earn money online today.
A freelancer is a random person doing random jobs online and getting paid per hour to complete those tasks.
That is the best definition yet.
seriously though. It’s just random $hit that you can make money with.
Create an Upwork profile and scan the site for jobs you feel you can take on.
There are a lot of jobs you can do. Normally you’ll find something for yourself. If not then your existence is a scam.
This whole existence is absurd!
Besides Upwork, you can check out Freelancer.com.
We might bump into each other because I’ll be on the lookout for virtual assistants on those platforms.
8. Create an Online Course
You know it’s funny how people sell online courses about – online courses.
Rate my dad joke out of 1.
Have a skill you can passionately talk about? If yes then consider making online courses.
The answer is obviously yes. Your course can be about anything really – from a Physics concept to “how to trap a rat”
That would be an awesome way to escape the rat race.
To maximize your earnings in your courses, provide information that YouTube videos don’t provide. You can increase the value of your course by including upsells like one on one coaching and free access to your Onlyfans account.
There are basically many ways to sell your course, either through your own website or marketplaces like Udemy.
9. Write an Ebook
I have an eBook of my own, which explains in detail all these online business ideas and 11 more. You can check it out here, it’s completely free.
21+ Online Business Ideas Exposed
Writing an eBook can be a great online business idea. Believe it or not, books are still relevant and people tend to prefer reading 1 complete book than some random blog posts that merely touch the gist of the topic.
Create your own eBook, it is very easy to do so, you can use a tool like Microsoft Word Or Google Docs.
As for the eBook cover you can use Canva.
10. Start a Podcast
Do you like talking?
I don’t but you might!
Did you know you can monetize your ability to speak well?
Matter of fact, you don’t even have to speak well, you have to talk about important things in your niche that might be valuable to a couple of hobbyists.
There are many ways you can make money from a podcast. You can:
- sell your own product
- sell other people’s products (affiliate marketing)
To get started with podcasting, you’re going to need a podcast host and I highly recommend Transistor to get started.
Drop your Podcast on Twitter and tag us, and we will retweet it for you!
Good Luck Lads
Online Business Ideas for 2023: Wrapping Up
That’s it on the top 10 best online business ideas for 2023, what is your favorite way to make money online?
We have an eBook that fully explains how to get started with all these online business ideas and 11 more!!
Check out the 21+ Online Business Ideas Explained EBook.
Most of these online business ideas require little capital and some of them don’t even need you to have capital, you can start with zero capital!