The Internet is making it easier for people who didn’t think it was possible to open their own business with the distinct possibility of doing so. In many cases, the ability to start a business online also affords them the safety net of not having to invest too much to get the business up and running (since business is conducted online). Distributel is excited to be powering the online businesses world today and created the below infographic to help budding entrepreneurs grow their revenue.
Perhaps you don’t know a lot about business. Depending on the effort you want to invest, online business can help you to generate some income on the side with little effort, or you can turn it into a full-fledged, six-figure income with some dedication. For those without a lot of business expertise but an interest in the industry, an online business that is expected to grow $6.5 billion by 2021 is affiliate linking. All that is required is simply posting a link of a company’s product on your blog. Of course, this option is only viable for those with a blog readership, but the point is that online businesses are not necessarily difficult.
With a little more effort, you could get into the business of selling products like your crafts, clothing or jewelry on Etsy. When it comes to selling on Etsy, 18% of users have already been able to turn their online shop into a full-time business. Indeed, when it comes to revenue potential, Etsy may be in the lead. Etsy shop ThreeBirdNest is a prime example of this, generating $80,000 monthly by selling socks, scarves and headbands – the founder’s former hobby!
From drop shipping to selling patterns and designs, there are a lot of online businesses you could start today without a experience or education in business – and yet, the revenue and growth potential is just as great.
Are You Taking the Right Decision Regarding your Online Businesses?
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Author Bio: Rebecca Hill works as a blogger and outreach co-ordinator. She’s a graduate from York University, Ontario, and loves all thing tech, science, sports and DIY.