Let’s talk business ideas. No matter how rewarding your full-time job may be, finding the best side business ideas and eventually becoming self-employed is even more meaningful than great pay and solid benefits.
Choosing the path of entrepreneurship and working on finding great business ideas, is without a doubt riskier than being content with holding a 9-5 job. It requires more sacrifice. However, once you’re reaping the lifestyle benefits of being your own boss and hustling your way into making significantly more money with your business ideas than you ever could at your day job, the hard work will have all been worth it.
So, dive into the most relevant business ideas in 2020.
And by now you probably already know.one of the lowest cost (and most attainable) business ideas you can start working on right now is launching a blog of your own. For that reason, I recently put together a free guide that breaks down how to start a blog and I share the exact strategies I’ve used to turn my blog into a more than $50,000/mo business.
Think blogging is no longer a viable source of income? Think again. Recent blogging statistics show that tens of thousands of bloggers (including yours truly) are creating profitable content on topics as diverse as scrapbooking, home cooking, travel, film, lifestyle, business, personal finance and more.
The best part? It doesn’t cost much to blog—about $65/year. And more people are growing their blogs into six-figure businesses thanks to a combination of email subscribers, affiliate marketing, blog sponsorships, and other revenue streams.
Your first step with starting a blog is quickly getting the technical side of things handled (my free master course on blogging will show you how), and then both understanding what your audience craves and learning how to attract those readers online.
If you want to speed up the process of launching your blog, I recommend setting up quick, affordable and easy website hosting with a company like Blue host or one of the other best web hosting plans for bloggers, working through the process of creating a blog business plan and choosing a simple WordPress theme and working on your first post—in order to set the precedent of prioritising your time on creating content, connecting with (and building) your audience.
You’ll also need to employ the right blogging tools to grow your blog along the way.
Then once you’ve been able to build a community around your blog, you’ll want to invest in really understanding your readers—so that you can give them more of what they want.
And by now you probably already know… one of the lowest cost (and most attainable) business ideas you can start working on right now is launching a blog of your own. For that reason, I recently put together a free guide that breaks down how to start a blog and I share the exact strategies I’ve used to turn my blog into a more than $50,000/mo business.
You can also start it on a bootstrapped budget without having to shell out tons of money.
Also know that anyone can do it. You don’t need to have any specialised training... I don't have a computer science degree or marketing degree. I'm 100% self-taught.
Go through the Ultimate How To Achieve Lifestyle Design Exercise if you do not have your business end goal defined. This small deviation is a very wise thing to spend time on, and should help you to break down the barriers that are keeping you from starting your online business today.
When it comes to selling courses online, people create their YouTube channels and websites, conduct webinars, or write eBooks to share their expertise with others who may be willing to subscribe, or even pay, for what they have to offer.
Now, creating your own courses is a lot of work.
Not only are you responsible for the course itself, but you've gotta write the sales letter, build the shopping cart, the product delivery area, run the ads, the emails, the marketing, etc.
If you are totally, new, this is an overwhelming amount of work that needs to be done.
But there's good news!
You can build your entire online business by promoting other people’s products on your website and selling them.
If you are planning to start your own business, then having that passion about entrepreneurship is not enough. You need to have a great business idea that is not only in demand but unique too. We have come up with great small business ideas that you may likely to consider in order to start your entrepreneurial journey.