The Different Types of Online Businesses (Even If You Can’t Teach Anything)

ColeOnline Business

If you are reading this page, odds are the thought of starting an online business has been on your mind.  You might even follow a number or different online experts or personalities (or even know someone in person) but perhaps feel that you could never start an online business because you don’t have anything to teach.

Have you felt that way before?

If so, I have really awesome news for you.  There are many different ways that you can build an online business, even if you aren’t an expert in any topic.

Sound too good to be true?  It’s not… read on.

It’s an online world these days and because of that, there are many ways to get a piece of the online “pie” without being an expert.

Here are the different types of online businesses that you could pursue that don’t require any “teaching” others a skill-set.

  1. eCommerce
  2. Affiliate
  3. Software/App Development
  4. Blogging

eCommerce

Before Amazon and Alibaba were in the picture many would buy or manufacture physical products and sell through eBay.  Lucky for you – these days are different and it’s easier than ever to get started with an Ecommerce business.

The basic idea behind the eCommerce business model is you become the retailer or middle man between the manufacture and the consumer.  Your job is to be able to resale the product at an acceptable profit margin and grow your business & profits that way.

What about inventory? Amazon makes it easy for you with their “Fulfilled By Amazon (FBA)” program.  While there is a cost associated Amazon FBA, having them manage all of the inventory, shipping to customer and customer service makes an eCommerce business a viable option for anyone looking for an online venture.

Tips for success – use Amazon as a primary research tool to gauge demand and even read feedback from users of similar or competing products to help understand the potential demand and achievable price points to work the profit numbers and see if it’s worth pursuing or not.

Affiliate Marketing

As an affiliate marketer you are essentially acting as a “promoter” and getting a commission (30% to 75% is normal) for any sales that you make.  Of course, you have to have people to offer products to so it’s still crucial that you give value and content to create an audience that trusts you on a particular topic.  A few years ago, many affiliate marketers would simply send paid traffic directly to a sales page for an affiliate product and while some still do, it’s much harder to succeed with that approach and your margins can suffer as well.

Tips for success – Create a niche site or blog on a particular topic and develop trust within your audience by giving valuable content to them.  Once you offer a product for sale, make sure it’s a trusted product that meets your own expectations and give them an honest review as to why you love it.

Software/App Development

It doesn’t matter if you are a programmer or you’re simply the man with the plan or idea, if you have an idea for a software tool or app that can help people you can be well on your way to one of the most lucrative online business models around.

Tips for success – don’t skimp on research!  Once you have your idea, really proof it out and interview a lot of different potential users to get their honest feedback and always remind yourself of “what’s in it for them?” when developing the product.

Blogging

While some blogs are focused around teaching others a specific skill, they certainly don’t have to be.  Truth is, all you need to do is write or share content about a particular topic that you are passionate in and where there are viewers eager for content.  Some of the biggest blogs in the world are simply based upon current events like news or celebrity gossip.

Tips for success – find an under-served niche market and serve it.  Use Google and other search tools to research and see if there is demand there – odds are there is a market for it and focusing on a smaller, more specific topic is a good thing even if excluding a broader audience.

As you can see – even if you don’t have anything to “teach” online there are a number of viable options available for you!

Cole