1. Dropshipping
If you want to run an e-commerce site, you might be worried about storing inventory. With drop shipping, you can take customer orders on an online store and send them directly to a third-party retailer for fulfillment. As long as your business model involves selling items at a price higher than what you’ll pay to the third-party retailer, your dropshipping business will be set for success.
Key takeaway: You can use dropshipping to have a third-party retailer fulfill your online business orders.
2. Tutoring business
Just because somebody is taking classes in a subject doesn’t mean they understand the material well. If you’re great at explaining things to somebody in a one-on-one setting and have ample experience and knowledge in a subject, consider starting an online tutoring business in that field. You can use video chat tools such as Skype to conduct tutoring sessions remotely and offer your knowledge to anybody, anytime, anywhere. Consider incorporating a budget for ads on Craigslist and Fiverr into your business model.
Key takeaway: Put your advanced knowledge in a specific subject to good use by virtually tutoring students.
3. Digital courses
Similar to tutoring, people all over the world might benefit from you sharing your expertise with them. Starting an online business that offers digital courses to anybody interested in the topic can easily earn you money – you can sell prepared written materials or other downloadable content for a fee.
Key takeaway: Create and sell digital courses on a familiar subject.
4. YouTube channel
YouTube makes starting an online education business especially easy. Upload videos of yourself educating viewers on any subject, whether beginner or advanced, and use social media to spread the word about your channel. As your number of viewers grows, you’ll be able to monetize your videos and make a profit from them.
Key takeaway: Use your videomaking expertise to make money through visual media on YouTube.
5. Telecoaching
Some people looking for one-on-one help might want something more than lessons. People who want help advancing their careers, improving their nutrition or finding more meaning in their lives could benefit from your coaching through video chat software like Zoom or Skype. Rather than giving exercises and grades, as a telecoach, your goal is to offer advice, guidelines and support for your clients. If you run a blog for your business or regularly post to LinkedIn about the topics in which you’re coaching, you’ll appear more trustworthy and knowledgeable.
Key takeaway: Offer virtual one-on-one coaching through video chat software.
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