Choosing to become an entrepreneur by working on a part-time business idea is far riskier than just sticking out with a 9-to-5 job. However, regardless of how rewarding your full-time job might be working on the business idea, will produce great results and long-term benefits. Despite the sacrifice it requires, the lifestyle benefits of owning your own business is something former 9-to-5ers swear by. Now that’s settled, let’s talk business ideas. The ideas listed below require very little capital because they are all online business ideas that can be run part. Ready to get started? Let’s dig in!
1.Online learning websites
We are in the dispensation of the Internet, which has made learning about almost any subject matter easily. This is good news because if you are an expert on a subject matter, you can monetise your knowledge online. But first, you need a website and a good and memorable domain name (For example, check Openhost domain names for a catchy and brandable domain name).
The course you choose to teach could be practical – for example, “how to build an app for non-web developers”. Regardless of what your topic idea might be just remembered – the most profitable online learning website, show how to do things correctly.
This is good news because it means finding a buyer for your online learning content wouldn’t be so complex if you are especially skilled in an activity or a particular subject matter.
It is always best to start small – for example, choosing to build a course on ‘how to create a website using WordPress’ and then expanding at a later time into selling courses on ‘how to master search engine optimisation’ or ‘how to monetise a blog’.
In order to be able to sell your content online and process payment, you need a website. There are numerous tools available for selling online customers.
It is important to note that you would have to put in some work in order to make your online learning website profitable.
2. A niche-specific job board
There is also a lot of money to be made from charging people who apply for or post about job openings. Job boards are a mainstream idea, so in order to make the most out of this business, you would need to be creative. For instance, a lot of individuals look online for work by there is still the problem of finding great job openings – because of the hassle of sorting through numerous online platforms and a lot of the relevant offers.
You can solve this problem by offering applicants subscription to your ‘ premium’ niche job boards, which collates great job openings on their behalf. Saving them time and money. This would be a good fit if you are an individual who can spot good job offers in a niche and you have the time to do the research. You can charge applicants a monthly fee in exchange for access or charge businesses to add listings to your job board.
Setting up a job board isn’t very hard, you can use platforms like WordPress, which have plenty of job board plug-ins and feature you can use on a basic WordPress installation. Don’t forget to set up a payment processing getaways as well. After this is done, you can begin sourcing for and driving traffic to your website – publishing free valuable content is a good way to begin. Good luck!
3. Service websites
The term “service website” is an umbrella term used to encompass a lot of businesses on the internet. In simpler terms, a service website is an online business that sells something valuable which isn’t a digital or physical product. There is a strong possibility that if you assess your current skill set, you would find a service that you can provide online. It could be providing assistance with programming problems ( if your programmer), doing editing work or pretty much anything you can think of.
There are a lot of platforms available online for you to advertise your services on however, we recommend you advertise on your own website – this looks more professional and positions you as an authority. You can quickly set up a website by using platforms like WordPress. WordPress has a lot of themes and features, you can use to create an attractive website in no time.
Do not forget to include information about the services you provide and yourself. It is also smart to use pricing table, so your site visitors can quickly understand what you offer.
Use social media to promote and encourage people to visit your website. Take on as much work as you can handle in the beginning but as the traffic of your site grows, you can consider scaling up into a full business by hiring more hands.
4. Sell websites
This might come as a surprise but websites are online products you can trade on – some sell for a huge sum. If you are good at coming with great website ideas and building upon them, you can make a lot of money if you become a website seller. There is a thriving market for websites that have a track record of generating steady income. For instance, if you can prove a website can generate at least $500 a month, you will not have a hard time finding an individual to pay for it.
In order to make the most out of your website sales, it is important to note the things serious buyers look out for – history and track record of income generation. You will also need to share the traffic information, so your claims can be verified.
Building a side business takes time but if you choose an idea you are comfortable with and can commit you would be able to make a go at it.