2020 Business Ideas
In today’s world, being online is everything. You could work online, study online, play online, chat online, or build your own online business. The importance of establishing an online presence has been increasing over the years.
20 Online Business Opportunities in 2020
In 2020, due to the coronavirus outbreak, the idea of transforming brick and mortar businesses into online businesses have been spreading throughout the business world which is shedding light on small business opportunities that might cost you little to nothing and earn you as much as thousands of dollars per month!
Did you ever want to start your own store and sell certain products, but you don’t have an inventory, or a big enough budget to start one? Dropshipping provides you with a chance to create an online store that sells the products of a certain provider without having your own inventory. The only thing you need to do is to market for those products and your provider will be responsible for packaging and shipping those products to your customers without the need of any extra budget for either packaging or shipping fees. It’s one of the best home-based business opportunities out there. There is absolutely no risk in starting a dropshipping business. You could sell anything from coffee, ice cream, and other food products, to furniture, fashion, and house supplies, the list could go on. All you need to do is find a suitable dropshipping platform like Shopify, WooCommerce, and Spocket.
2. Print on Demand:
One of the most popular business opportunities out there is print on demand businesses. You could sell any sort of plain products with unique prints. You don’t have to be an artist or a designer to start a print on demand business. You could always sell merchandise for popular brands, videogames, movies, comic characters, and much more. You could work with a supplier to customize plain colored products such as bags, t-shirts, mugs, or notebooks and other stationery items. It could work just like dropshipping, you don’t have to own an inventory or a huge budget, you could simply send print order to a supplier and they would sell the items for you. You won’t need to really pay for an item until it’s ordered. It’s simple and on-demand.
3. Handmade Products:
Selling handmade products is always another way to start a great business online. If you’re a crafty person who likes to build things and create products, you could learn online about how to make certain on-demand products, like keychains, mobile covers, clothes, jewelry, or anything else. It’s a great way to build your own unique brand and doesn’t need that much experience. All you need is creativity and time and you could sell almost any handmade product online. You could look around you and find things that are missing and could be crafted. It’s a great way to earn pure profit on your products.
4. Digital Products:
Selling digital products like music, videos, e-books, online courses, templates, or designs is another great way to start a profitable business online. Because you don’t need an inventory or a supplier, or even a shipping company to start a digital product business, all you need is your own unique service or product, and good marketing, and you would start selling immediately. You don’t even need a huge budget. You could also make one thing once and then sell it to different people over and over again.
5. Sell Photography:
If you’re one of those people who have eye for beauty, you could always sell the photos that you take online. It’s a very popular business opportunity. You can sell photos to website like Getty Images, Shutterstock, iStock, and many more. All you need it to find the thing that you like the most and special niche that you could provide to that thing whether it’s taking pictures of flowers or to travel destinations or landscapes. Marketing photography isn’t as difficult as well, you could market your photos online through social media platforms, and selling on multiple websites. It’s a profitable hobby, so why don’t you use it?