Top 5 online businesses to start

Ever wanted to be your own boss? Online businesses can be very profitable, only if you do your research and know what you’re getting yourself into. The journey isn’t fly-by-night and it can fail. However with persistent it can be rewarding.

Here are UV’s Top 5 online businesses in no particular order.

1. Online publications/newspapers/magazines

The truth of the matter is, a lot of people are putting down the paper and reading it online. It was about seven years ago since I last seen a newspaper at my doorstep. Of course, I still subscribe to my favorite magazines. Yet content online is more accessible, faster online. You can offer subscriptions on your site or you can offer the content free of charge. You will make your revenue by placing advertisements on the site.

2. Affiliate Marketing

Affiliate marketing is a marketing practice in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s own marketing efforts. Promote other company’s products and services on your website. When a sale is made, you get a commission.

3. Blogging

Write about your favorite topics and get paid for it. This is probably one of the biggest trends out, and the quickest way to create revenue and your own brand. You make a revenue by placing advertisements on your site.

4. eBay & Auction Selling

Selling or reselling products via an online marketplace like Ebay, Amazon Auctions, or Craigslist. You can sell used goods, buy goods wholesale, or use a drop-shipping service. Most important skills needed: Merchandising, sales copywriting, customer service.

5. E-Commerce

Selling products on your own site.

Others that didn’t make the list:

• Domain Hosting Business
• Web-Hosting Business
• Social Networking
• Recruiting

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