Best Online business Ideas
If you are looking for profitable business ideas on the Internet that offer high growth potential, you have just landed in the right place. After all, online business is in the DNA of Web Entrepreneurs.
We know that the greatest dream of every entrepreneur worth his salt is to watch your business grow. The economic movements, management, and planning can make all the difference so that the idea has a high potential.
A survey conducted by the American Institute IBISWorld has identified some of the fastest growing markets in the United States. In one of their studies, the institute considered the annualized revenue since 2008 and the expected performance for this segment by 2018.
Internet business stood out in the study. The increasing use of social networks and the expansion of the mobile user base on smartphones and tablets will greatly influence the evolution of this scenario.
Recommended Read: Starting an Online Business
Most Profitable Businesses Online in Kenya.
Online Fashion Store
Online Fashion store business is one of the e-commerce segments that has shown the most impressive growth rates in recent years around the world and already is the leader in sales by sector.
In recent years, many consumers are losing their fear of buying this type of product online and this is one factor that drives growth. In addition to the major players, more specific and focused sites are gaining a loyal customer base.
Selling of Furniture and Home Furnishings Online
Weird Huh? But trust me, this is another sector that has been increasing in e-commerce worldwide. Among the profitable business ideas on the Internet analyzed by our team, this is a trend that calls attention for its low competition, as compared to other sectors such as electronics, for example.
Online Payments Agencies
The online payment platforms have shown rapid growth in recent years, encouraged by the growth of online commerce. The Bitcoin phenomenon was such a profitable business idea on the internet that proved the business strength and puts this model on my list of promising businesses. Closer home I have seen the rise of Paypal to Mpesa agents increasing because many people work online and receive payments through PayPal and need the money Chap Chap.
Although this is a business that requires a high investment, research has shown that the average annualized growth for the sector is 43.2%. In future, the focus will be on platforms that facilitate payments through mobile devices such as phones and tablets. So innovators and developers should start thinking about that. Some examples of businesses that are doing well in this sector include PesaPal and Jambo Pay.
Online Travel Agencies
Even in a market where big players seem to dominate, I still bet heavy on tourism and so I am keen to put the online travel agency option every time I talk about profitable business ideas on the Internet.
The idea is to be different and avoid doing the same things that big players do and work with customized packages for each client, giving a touch of exclusivity. One of the attractions of this business is that it does not require a very high investment and can be operated in a home office.
The Internet has completely changed the Education system, not to a greater extent though but if you have been in the corridors of Education you might have come across the term E-Learning. This is a booming business and one that requires a little investment in the developing of the website and courses for your students. A good example in this sector is Udemy.
Fantasy Sports and Online Betting
A trend that is growing out there among sports lovers. If you have not heard about SportPesa, then you are from Mars.
First, let’s see how Fantasy Sports works in an overview. In this type of business, the site participants join teams of a particular sport like basketball or soccer and compete against other teams and may bet with each other.
Fantasy Football is more common in this type of business out there and according to research, the sector is expected to grow by 13% this year, moving more than $ 1 billion. Online Betting, on the other hand, has become so popular and rakes in millions each week.
Online Coupons Discounts
This is a true national passion in the United States, Coupons slowly gaining space in other markets and countries. Although this type of business has been around for some time, it is poorly understood by the public. The business model is relatively simple and it is possible to launch a discount coupon site easily. I suggest you do more research on this kind of business for more insights.
This is a profitable business idea on the Internet that I am presenting here. It might generate a debate and yes, perhaps creating a social network may seem Insane because you will have to face giants like Facebook, Twitter, and Instagram. You might think this is quite a difficult task and one that requires a high investment. Maybe you are wrong.
The option in this sector is going the vertical social networks way, specializing in a particular segment of the population is the trick. There is also a new breed of Social networks.
In our repertoire of profitable business ideas in the online world could not miss the production and sale of e-books. With the boom in sales of tablets and e-readers worldwide, the digital book market will gain a big boost in the coming years. The production of these books is a good opportunity to work from home over the Internet .
As you can see, there are several profitable online business ideas on the internet that are expected to grow fast in the coming years. I have not mentioned Gossip blogs for a reason because they do not add value to consumers, but that is a topic for another day. All I can say is that online businesses are a matter of choosing the model that best identifies with you and one that can get your hands dirty.