Entrepreneur Ideas for 2020
If you have always wanted to start your own business, but felt like it was just too difficult and even expensive or that you wouldn’t know how to even get started, then the good news is that nowadays it’s so much easier than it’s ever been to start a business right from your living room. You don’t need a 50 page business plan, you don’t need bank loan, and you don’t need all of the fancy things that you may have needed 20 years ago to start a business thanks to things like social media and the internet making it easier for us to connect with people from all over the world, so in this post we’re going to share with you some of the online businesses for entrepreneurs that you can start from your living room.
Thinking you might like to try your hand at making money online? It’s easier than ever to take advantage of the technology available to us, and start your own, income-producing hobby or special interest blog.
One good reason to blog is to help people learn things that you know. What are you an expert in? What do you like to offer helpful advice about? Your blog can be about anything that interests you, or anything you consider yourself an expert on.
What qualifies you to be an expert? If you have experience in something, or if you have mastered a skill, then you can likely transition into expert blogger and cover the topic in detail. Your blog can be on any topic you like, provided you know a lot about it and love to share.
Most people are already sharing online in some capacity or another. If it’s your tendency to craft carefully written posts, upload and share content to Youtube, Instagram, or another popular platform… then you might as well take it a few steps further, and set things up so that you can make money by teaching others and talking about what you know.
What type of special interest blog can you run? That of course depends on what you like to talk about, what you have expertise in, and what you’re good at. The more readily you’re able to produce blog posts and other types of content at a fairly rapid pace, the more appealing this will seem, and the more likely you will gain a following online.
What are the basic, income-generating elements that you should have in place if you plan to make money by sharing content online?
Google Adsense, or another form of pay-per-click advertising. You’ve probably noticed that most prolific bloggers, whether they operate as an individual, or a company, have ads that show up in various spots on their blogs. The ads generate small payments each time people click on them.
Affiliate links. The Amazon affiliate program is one of the most popular methods for generating sales commissions each time someone purchases through your link. Etsy is another platform with affiliate income potential that people know, recognize, and are likely comfortable purchasing through.
Ebook sales. You can write, publish and sell your own helpful ebooks. This will take a bit more time, but how much time and how much you sell your ebook for depends on the amount of work you put in at the outset.
If you’re skilled in an area such as copywriting, web design, graphic design, or even illustration, then you could find yourself having a great career as a freelancer, and this is definitely something that you can do from your living room and you can start with as much as your laptop if you need to. Of course getting started as a freelancer isn’t quite as simple as opening up your laptop and expecting clients to come flooding in – you definitely do have to do some work, but it’s worth it, and you can work completely on your own schedule, work for the kinds of clients that you like and make as much money as you want to make.
If you love working with people and helping them figure out some of the things that may be holding them back in any area of their life and guiding them towards practical and tangible solutions, then a career as a coach could be the right path for you. Whether you want to focus on being a business coach helping people master things like marketing or the law of attraction, or working as a health coach, or even as a relationship coach, there are so many different paths that you can take when it comes to coaching because people are always seeking solutions and help to better themselves in different areas of their life.
If you’re looking for a more passive business model, then affiliate marketing could be an amazing choice for you. Basically how affiliate marketing works is that you promote and recommend other people’s products and services by using things like blogging and social media and then when people click on a unique link for that product or service assigned to you, then you make a small commission on the product or service.
This can easily mount up over the months – especially with things like subscription services, and when you’re promoting multiple products, so although it can take a while to get off the ground, it’s definitely a rather lucrative business model that you can definitely do straight from your living room.
Ever wanted to have your own online store but didn’t want to get into the logistics side of things by storing inventory and paying money upfront for products that may not sell?
Then dropshipping could be the best option here for you. Dropshipping basically works the same as a traditional retail model, however the difference is that when your customer buys from you, the order goes straight to the dropshipper who then ships the product, takes care of all the packaging and you’ll never see the product, but you get paid and then you pay the dropshipper the difference, so there’s less overheads, no inventory, and no postage and packaging to deal with.
Already have an entrepreneur ideas, but not sure where to begin? Enroll in my FREE Blogging Basics Boot Camp and learn how simple it is to start your own blog or website!