If you read this to the end, you’ll not only discover 5 Highly Profitable Online Businesses* you’ll also learn how to ramp up your income with these skills within the space of three months in 2020. Remember, you don’t need to learn all the skills, just choose anyone of your choice.
I’ll share all these profitable online businesses with you in a bit.
It is the truth that there is money everywhere. Yes, you read that well.
But you need to get out of your comfort zone to get it.
I’ve seen a lot of people complain of no jobs while many jobs still lie untapped online.
Instead of dwelling on the problem, why not look for the solution to the predicament?
One of the panaceas to the joblessness is getting equipped with relevant skills. If you don’t know, remote work is the work of the future.
And online market space provides the opportunity for entry-level jobs irrespective of the course you studied in college or university.
Let’s get into it right away.
One of the shortest routes to make money online is by providing a solution to a set of people (target audience).
If you want a skill that will make you money within a very short time, freelance writing is highly recommended.
If you are looking for a side income, freelance writing is also a good fit.
I started freelance writing as a side gig towards the end of 2013 while I was still teaching Chemistry in a Private Secondary School.
When I started, I was only armed with the knowledge of Basic English language and my flair for writing.
By 2014, the business had boomed that I resigned voluntarily from 8 to 5 job. I started as a Blog post and content writer and upgraded my skills along the line. If I can do it, I believe you can.
The next one is highly lucrative, and I bet you would want to learn about it.
Let’s take a look at it.
According to Forbes, the E-learning industry will be worth a mind-boggling 275 billion dollars by 2022.
A lot of people are looking up for relevant information and spending their spare time looking for a way out of different problems. They are hungry for knowledge!
With Information marketing, you can position yourself to take a share of this huge market.
Can you keep a secret? “You cannot find every information on the first page of Google.”
You may think ‘if people need information, why not surf the net to get it’?
It may even take ages to get highly-priced information online if you ever do.
What you will see only online is only the tip of the iceberg.
Besides, not many people have the luxury of time to search endlessly. Information products will help you earn more money with less work. It stops you from trading your time for money and serving more of your audience.
Let me tell my experience in this industry. My first attempt ever in information marketing was when I created my first digital product in 2016. It was tagged: Fiverr Writing Wealth Formula and sold hundreds of copies. I’ve created other information products around Freelance Writing within the last few years.
Information marketing is not an online business to under-estimate. With proven blueprints, you’ll be making excellent income.
Let’s move to the next one.
Social Media Marketing
Social media presence gives a significant boost for many businesses these days to Build Brand Awareness.
Social media increases business visibility within a short time amongst the targeted customers, and businesses can reach a wider audience this way.
The most fantastic thing about all social media platforms is that it let you create profiles free of any cost.
You have to invest time in making an effective strategy for social media.
Social media helps businesses to build formidable social media presence and credibility.
If any business is looking for the best ways to build up authority as a brand, social media is one proven way to get the best results.
If you can learn fast, you can become a social media expert in no time. Many online platforms offer social media marketing courses you can take advantage of. These include Shaw Academy, Udemy, and other online teaching platforms.
I got Diplomas in Social Media Marketing, Viral Marketing, Blogging, and Content Marketing from Shaw Academy in 2018. I took these refresher courses because I needed certifications even though I’ve been doing all these for a while.
Only the elite few know and practice the next one as you’ll discover shortly.
Online coaching is another area to explore if you are already an expert in a field. Teach people how to get things done.
Recently, I had the opportunity to teach a group of content/copywriting enthusiasts how to take their skill of writing to the next level.
The beauty of this model is that you are not limited to your locality. You can coach people across the world in different online platforms like Facebook, Whatsapp, Telegram, etc.
A digital marketer once invited me to teach in paid Whatsapp group. He usually gathers target leads through Advertising. Once the Whatsapp group is full, he introduces the skill to b taught and request interested participants to opt for Paid training.
The fact that you don’t know anything about a subject or niche does not mean you cannot run coaching on it. You only need to invite the expert, collaborate, and share the revenue. It is a win-win for both parties.
Individual or Group Training
If you have time, you can organize one-on-one training or
coaching for business enthusiasts and newbies.
This was my style of imparting knowledge at the earlier stage of my freelance writing career, and the results were outstanding.
This can also come up in form of seminars, workshops, bootcamps etc. The opportunities here are endless.
Through this online business model, I have had different opportunities to coach hundreds of freelance writers to become 6-figure writers within the last five years.
It is impossible to describe the joy that accompanies training and mentoring people to success. It is better experienced than imagined.
If you have a flair for training people to multiply their offer value and become the go-to-market authorities in record time, this is an online business you should consider.
There are many other online businesses I cannot cover in this short piece. I hope to do so in subsequent posts.
Which of these online business models would you learn ahead of 2020?
Which of these skills do you have already?
Have you started monetizing of these skills?
If not, what’s stopping you?
I look forward to seeing your views about any of these skills in the comments.
Thanks for reading.