How To Start Selling Digital Products

What Are The Best Online Business To Start For Beginners (Ideas)

I discuss what are the best online business to start for beginners. I discuss the best profitable business ideas to make money. I am doing all of these business to some extend, so I provide personal experience what are some of the pros and cons of each of the business idea and how much it costs to start an online business. In my personal opinion, these are the best online business ideas for beginners to choose from if starting a business right now.

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What Are The Best Online Businesses To Start For Beginners 2020 (Ideas) Transcript

hey this is Vil so in this video i’m

going to tell you what are the best

online businesses to start right now i

am doing

all of these businesses that i will

cover at least to some sort of extent so

i will tell you from my own personal

experience

what i think works well what doesn’t and

why you should start one business or

another

so i’m not just going to tell you what

exactly these businesses

are but i’m also going to give you all

of the pros and more importantly all of

the cons so you know why you might not

want to start one of these businesses

and lastly i’m also going to tell you

about the costs

so you know exactly what you might

expect so the first business that

is becoming pretty big now is drop

servicing

and what drop servicing means basically

what it really sounds like

so it’s selling services to customers

that someone else actually does so you

don’t need to do

the service yourself so basically you

have your website

or your landing page whatever it is

where you have your services package

a client a customer comes on that

website pays you for that service

and then you get other people to

actually do that service for

them so the formula here is pretty

simple you put a price tag of

what a service is worth and then you

need to deduct

how much the outsourcing actually costs

you to do the service

and then how much it costs you to

acquire that customer

and this obviously depends a lot because

there are also

different methods how you can acquire

customers whether you want to

create content you want to run ads

whatever that

is but once you deduct those costs what

is left

that is your profit i have made another

video just on this

topic in-depth ultimate guide so i will

link

that below so right now i think this is

one of my favorite

online businesses to have so let’s get

into the pros

why exactly that is first of all when it

comes to something like this

there are really no limits pretty much

whatever service you can imagine

you can actually be selling that service

so when it comes to products there are

some limits because sometimes

you might not find suppliers who are

going to make those products

but here you can pretty much do anything

that you can imagine another great thing

is that a service price is relative of

how great of a benefit it is to someone

meaning that you can really have high

margins

you can price a service let’s say for

two thousand dollars

but the outsourcing might only cost you

two hundred dollars

so you have a pretty big 90

margin on top of that you can outsource

so obviously you are

outsourcing the services that whole work

but also customer acquisition can be

outsourced as well so

a lot of this can be outsourced and this

is one of the things that i focus

most because at the end of the day you

don’t want to be doing

all of the work yourself so if you’re

getting into something

you either really enjoy doing it or make

sure that you can actually outsource it

and lastly the cool thing about this

compared to

some other online businesses is that you

can really build

out a big brand it might be a little bit

difficult at the beginning

once you’re just trying to discover

what’s a good niche what’s a good

service and all of that and your quality

might not be up to the point but after

some time after some practice

you can really build out a huge

long-term brand

of course there are some cons as well as

any other business

so the first con i would say is dealing

with clients so compared to

some of the other businesses that i will

cover later

there you can just sell a product and

you’re done and you don’t really need to

interact with a customer that much you

might need to do it a little bit

with customer support and all of that

but when it comes to this

because you are providing a service

there might be more

questions there might be a little bit

more communication so this is

one of the downsides at least personally

because i’m not a huge fan of doing that

but then again you can be outsourcing

this process as well and another point

that i do have to mention

is because it is so easy to start it

requires so little money

and you can build out so much obviously

a lot of people are getting into this so

there is a competition especially in

some particular fields

however if you think a little bit

outside the box and you find something

that’s not as saturated not

everyone is jumping into it then the

competition can be really not

that bad so the last point is cost

because we know

that is always important when starting

out

so i’m not going to go crazy into detail

but basically

what you will need is you need a domain

name usually for your website

you need a website which can start for

as cheap as four dollars a month

you might need a professional theme

that’s something i would recommend which

costs 89

but it’s not necessary to have one

that’s just something that i recommend

that i think it’s going to make your

life easier you also

don’t necessarily need to have it but i

would recommend you have email

automation

so you can start with that completely

for free or it starts for as little as

10 dollars per month

you can also use something like leaked

pages which is basically

landing pages so that again is going to

cost either 15

a month if you buy annual plan or 37 for

monthly plan

there is also a free trial so

technically you could start

out for free and lastly obviously you

need to acquire customers so however

much it’s going to cost you to get those

customers

that’s one of your cost as well and this

is a little bit hard to pinpoint how

much exactly that’s going to be

i do have some other content that

teaches you how to

actually get in front of a lot of people

so make sure to check that out

by the way every week i choose one

person to whom i give

one of my courses completely for free so

similar products obviously this makes

your life

much harder but it doesn’t mean that

it’s impossible i have had stores that

had a lot of competitors that had

exactly same products

and as long as again you know how to

drive traffic for cheap

you can still be successful but that’s

just one of the hurdles compared to some

of these other online businesses

another kind of related con to this is

that

it is a little bit harder to build a

brand because

you are just getting these products from

someone else and you’re not

actually creating your own product so it

becomes harder when you want to build

something long term though again it is

possible to transition

from drop shipping to actually building

your own brand

and lastly again kind of related to this

the shipping times

are usually pretty long so it depends

where you’re getting your products from

but let’s say

if you’re selling to american customers

and you’re getting your products from

china

it might take quite some time for them

to be shipped

however you can find suppliers somewhere

closer

and again there are a lot of ways how

you can go about that people don’t

really care too much about the long

shipping times so it comes to drop

shipping costs

again it is a really cheap business to

start out

i’m not going to go into everything

because some of these this stuff already

mentioned

but what you will need you will need

some sort of store so you can either get

shopify or you can also build a

woocommerce store on wordpress

which is a lot cheaper but shopify is

going to cost you 29

there is a free trial so you can start

out but with wordpress you would

probably be able to start for as cheap

as four dollars a month

then you will probably need a plugin to

automatically

get all of the products to your store

and automatically get

all the orders for fulfilled so for

shopify for a bear lawyer you can start

completely for free

or then it’s going to cost 29 dollars a

month or for woocommerce you can get

alidropship plugin which

i think is just one time 89

fee and that’s it again there are some

other additional things such as

professional theme if you want to be

using wordpress

email marketing lead pages and all of

that and obviously

customer acquisition as well all right

so the next business idea is

print on demand and this is one of my

favorite businesses as well what this

means is basically

products with your designs made on

demand

and shipped when someone orders them so

the way this works there are different

print on demand providers where they

have different

products so what you need to do is you

just upload your design

on those products and then you connect

the service

to your store so you have these products

on your store

so when a customer comes to your store

and they make a purchase

then this order is automatically sent

out

to the print and demand service and it

is getting fulfilled

and sent out directly to the customer so

again you don’t

need to do anything the only thing you

really need to do is

you need to have a design and you just

need to upload that

design to the print and demand services

so when it comes to money this is again

exactly same concept you just need to

deduct the product costs

and the customer acquisition costs and

whatever is left is your profit so when

it comes to print on demand

pros one of the things why i like this a

lot compared to

drop shipping because in essence this is

sort of the same

concept as drop shipping but here you

have your

own unique designs so the con that they

talked about drop shipping that

you do have sometimes same products as

your competitors

this is not going to be the case with

print on demand because

you are actually producing your own

designs the cool thing as well that

comes with that

is that you can actually really niche it

down

let’s say if you are doing drop shipping

perhaps you can find

quite a lot of products in one niche but

there might be some limitations to that

just because

you need to find suppliers that are

making all of these different products

whereas here you can actually create

your own product so you can make

as many products as you want so if you

want to focus just really focus on one

niche

you can actually do that also when it

comes to shipping most of the time it’s

going to be

faster shipping again it depends where

exactly your customers are based

but there are a lot of print providers

both in united states

and in europe again similar as drop

shipping a lot of these things can be

outsourced so you might be afraid

already that i said

you have to do your own unique design

but

don’t be afraid you can outsource all of

that stuff and it is a very automated

process as well so really once you get

order you can just actually you can set

it automatically then the order gets

fulfilled

automatically so you literally don’t

even need to do

anything you just get customers to come

to the store make purchases

and everything else is done for you

which is

absolutely brilliant and the last pro

compared to

drop shipping i would say that this is a

lot

easier to turn into a long term brand

obviously there are cons as well so the

first con compared to

something like drop servicing or drop

shipping is that

the margins are going to be a little bit

lower

because these products are not produced

in bulk but they are produced one by one

the cost of production is a lot higher

compared to let’s say

drop shipping another thing that is

quite a bit of a con

is that you have only limited amount of

products

so you will see all of these print on

demand services they have different

catalogs of the products available

and there are quite a few products that

you can choose from you don’t

necessarily need to just

do t-shirts there are other options as

well

but there is a limit of how much because

of the nature of what

this is there is a limit of how many

products you can choose from and the

last con i would say

is that you actually need to create your

designs so whereas again with drop

servicing or drop shipping

you just need to find something that

already exists that is already created

whereas with this you will need to put

in a little bit of extra time to make

those designs and apply them on

different products but again you can

outsource all of that when it comes to

cost this is pretty much

exactly the same as it was for drop

shipping

you need some sort of store whether it’s

shopify or a website

the only difference is you don’t need a

plug-in such as sober law

or alidropship so you can just use the

print-on-demand services

and they do not cost anything but other

than that it depends what exactly you

want but as you can see

it’s going to be pretty much the same so

the next online business

is affiliate marketing and this is again

i feel like i’m seeing this about

every everything i already talked but

this is one of my favorite online

businesses as well

what it means in a nutshell is earning

commissions

for products that you recommend so there

are different ways how you can go about

doing this but usually you would

either create content or you would run

ads to let’s say a landing page or you

would even create

videos it really depends how exactly you

want to go about it but the way it works

is if you find some sort of product that

you want to recommend to other people

and they have an affiliate system you

can join this affiliate system which is

very simple to do usually and then you

get a special link

that is a trackable link so if someone

presses on that link

and they go to that website it is all

tracked that you

send them to go to this website so if

after that

they make a purchase then you get a

commission for

driving them to that specific product so

it’s very simple you just drive

customers for someone and then they give

you commission for that

so one of the best things and why a lot

of people love affiliate marketing

is because you don’t actually need to

have a product you can actually just

talk about someone’s else product why

you really love someone’s else product

and you get paid for that so how this is

a little bit different from what i

already mentioned because with drop

shipping drop servicing print on demand

you don’t really have a product as well

however i would say there are some

limitations of

how amazing these products can be or

what type of products these are

because with affiliate marketing you can

really find something that is

an absolutely amazing product that

perhaps you would never

have the resources to make yourself

and you can still get paid for

recommending this product

so let’s say as example there might be

an amazing

app that you are using all the time and

you’re not going to build this app

by yourself perhaps you don’t have the

funds you don’t have the knowledge how

to do that

but if you really love this product you

can just create content send people to

this product

and you are going to get paid for that

there’s a lot of products that

i love and i use every single day and

i recommend it to people all the time

and i get commission from that

and it’s really a win-win situation

because a lot of people they benefit

from discovering these products and i

also get

paid for actually sharing them another

thing why i really love this

is that it is a passive income at least

to a sense

that it’s possible for passive income to

really exist

it depends how exactly you are doing

this but if you are creating content

it can really last for months or even

years in the future so let’s say

if you create a blog post or if you

create a video

someone might discover that years later

and you’re still going to receive a

commission from that

so that’s a beautiful thing that you

create something and then

it’s going to be driving you affiliate

commissions for

months and months or even years to come

another cool thing

is that there is a lot of flexibility so

when it comes to

what niches you want to choose you can

pretty much choose any niche

out there what kind of content you want

to produce again whether you want to

let’s say do a blog

you want to do a video you want to run

ads there are a lot of different ways

how you can go about

doing this and lastly you can outsource

a lot of that which again is something

that i always focus when starting an

online business so when it comes to cons

and there are definitely some cons with

this

the first one if you’re going the route

of creating content

content can really take a lot of time if

you are going for something like

creating

seo posts that are going to rank on

google and can take

a few months until it starts ranking

there are different ways how you can go

about it though

so it is a little bit shorter but

creating content in general

does take some time another thing that

they mentioned from the pros that

you are actually making money by

recommending someone’s else product

you are only getting some sort of

commission from that so let’s say

it really depends what kind of products

you are recommending the commissions can

be from

as low as two percent all the way to

perhaps eighty percent sometimes even a

hundred percent but

i would say somewhere from two to fifty

percent usually is going to be the

commission so if you compare this to

selling your own products

then obviously this doesn’t look as

great because you would be making

at least twice or perhaps even 10 times

more and lastly compared to all of the

online businesses that i talked

before for this one you might need to

actually have some knowledge if you’re

writing about a specific topic specific

niche

then you probably need to actually have

knowledge about it again you might just

actually hire someone that’s going to

produce content for you or perhaps you

are just running

ads and you don’t really need to know

that much per se

again when it comes to cost this is kind

of almost the same as the other online

businesses

i already talked about it’s really cheap

to start out

you will only need domain you will need

a website again a theme

professional team that is optional

probably you will need

email automations again you can use

landing pages

and eventually how you drive traffic to

your

specific website or page the next online

business that

is becoming really popular in the last

few years

is online courses so i think this is

pretty self-explanatory it’s literally

creating courses

online and selling them really all that

you need to do

is you create a course whether it’s a

video course

it’s audio or text course you have

different platforms on which you can

host those courses

and then you just need to sell those

courses to your customers so what are

some of the pros first of all

it’s a unique product so i think this is

probably the most unique product from

everything that i already mentioned so

that obviously helps a lot with

competition

and it just helps you in general because

you create this product

it also helps you to sell this product

to people

if you have a really good idea a really

good

cars that might sell really well then

that can really

have a lot of potential it can really

make you

a lot a lot of money and again as all of

the other stuff and this

maybe even a little bit more it’s really

really easy to

start you really just need to record

or you really just need to write out a

course and that

is pretty much it so i don’t think it

could be

any easier to start a business and it

has

really high profit margins because this

is just a digital product so it doesn’t

cost you anything to actually produce it

it only costs you your time

to produce it so the margins are pretty

much 100

so when it comes to cons first of all

you need to have

expertise to actually be doing this so

if you don’t have a lot of expertise in

a particular field

you simply cannot do this you really

need to provide

a lot of value with your cars so this is

one of the main cons that simply

not everyone can really do this another

big thing that

i personally don’t really like is that

you have to do

this yourself so you can’t really

outsource this you actually have to do

this yourself because

you are the one who’s providing the

expertise

and also i didn’t put this in but this

is a huge time

input because it does require a lot of

time to build

out a course and you’re not making any

money in the meantime

and you don’t really know whether you’re

going to make money as well

obviously there are ways how you can

test out you can pre-sell and all of

that

but it requires quite a lot of time

in the preparations before you actually

launch a course

and start selling it so when it comes to

the cost of launching an online course

this is slightly different because you

need a platform where you can host your

course

so there are some platforms that

actually are free what they do

is they just take a percentage from your

sales

so if you have the free plan they just

take 10

from your sales and then the next plan

costs 39

and then they take five percent from

your sales and then you can upgrade to

the next plan and so on another cost

and this depends in what format you want

your cars to be but

if you are doing a video format or an

audio format

then you might need a certain equipment

such as microphone or a video camera so

these are some of the calls that you

need to consider as well

and they can add up to a little bit more

than the other online businesses

after that all of the other stuff is

really optional it all depends

how exactly you want to drive customers

to your course because at the end you

still need to be

selling course to people so sometimes

you might want to

also get a website you might want to do

email marketing and all of that so it

really depends what your costs are

based on how you are going to approach

this

all right so in the next online business

coaching or consulting this is kind of

similar to online courses as

you are getting paid for sharing your

expertise

and getting paid for basically helping

other people so you can go a couple

different ways about this you can either

try to get

some customers who are interested in

your expertise and they want some

consulting

or there are some platforms where you

can go on and you can sign up as

someone who has certain expertise and

then people might find you through

those platforms so then usually you will

have some sort of apps that

allow you to easily connect with

potential customers

so everything is automated in terms of

times in terms of payments in terms of

connecting you

and all of that so you just do your set

consultations

and then you get paid for whatever time

that you spend so the biggest pro of

coaching or consulting really is

that you don’t really need to put in any

work up front it’s

really just getting customers and you

just start right away to provide them

value and that’s it you don’t really

need to as

online course you don’t need to build a

lot of content

or you as drop shipping you don’t need

to be finding products

here you can just jump in and get paid

right away the entry point here

is also very very simple because really

all you need is it’s just you it’s just

your expertise and that’s it so you

don’t need

to use any apps you find products you

don’t need to create designs

anything really is just you and that’s

and you only get paid for the exact

work that you are doing so i think for

all the people that

don’t feel that brave to start an online

business

this seems like a little bit safer

option when it comes to cons

though what i just said about getting

paid exactly for the time that you work

for me personally that is a big con

because that

limits you and you can’t really scale

that so you really can only

get you can get more per hour so

obviously as

you get more reviews as you get more

references

and all of that your demand increases

you can charge more and more per hour

however there’s still at the end of the

day there’s only a limited amount of

hours

that you really have and again pretty

obvious but i just have to mention that

you do need to have some really good

expertise because

people are going to ask you questions

and you

have to make sure that you can actually

provide

value so this is definitely not for

everyone who are just

starting out when it comes to costs

again this is

actually very very low cost because what

you need

you need a coaching platform at least

that’s how i like to do it where you can

have all of your bookings automated and

tracked all of the time and all of those

kind of things so the coaching platforms

really start from zero dollars a month

and if you want certain features

then you pay a little bit more but it

only really costs maybe ten dollars a

month and again obviously it depends how

you want to acquire your customers you

might

want to get a website email automation

and all that kind of stuff so this all

really

depends on you okay so the last online

business i am going to talk about

is blogging and i know that might kind

of sound like a really old thing

blogging used to be a

back in the day now there are a lot more

online businesses that you can start

however blogging

is still one of my favorite ones

obviously as you probably already know

blogging is just writing blog posts on

a certain topic and blogging does

overlap with a lot of things that i

already talked about

however if you’re doing something like

drop servicing or

drop shipping affiliate marketing you

are more focused

on those products building out those

products and then you have

different ways how you’re driving

traffic driving customers to those

products so

blogging might be one of those things

but you might also use

influencers you might also run ads

whatever that

is whereas with blogging it’s more

you’re more concentrating on building

content and driving all the traffic to

your blog

and then you find different ways how you

want to monetize your blog and there are

a lot of different ways how you can do

that so what i mentioned before you can

use affiliate marketing which is one of

the main things that people use

but you can also run ads so you can get

paid based on

how many visitors come to your website

and how many ads they see and click on

those ads

you can also get sponsorships which can

be quite a lot of money if you’re

driving decent amounts of traffic

and again you can build digital products

and all of that so basically everything

that i mentioned

you can use those methods to then

monetize

your blog so one of the main things why

i like blogging is because

it is a long term game so it does

require some time to create content you

put in that work

but once that is done you can reap on

the results for

years to come also as i already

mentioned there are a lot of different

ways

how you can monetize this so again you

just focus how to drive people and then

you can choose which way you prefer or a

few different ways

how you actually want to make money with

your blog and when it comes to creating

written content or creating different

designs whatever it is

a lot of stuff that comes to blogging

can actually be

outsourced and lastly because you are

putting your opinions your content

out there and people are engaging with

it so they create sort of a little bit

of a connection with you so it is a

little bit easier to build out

a really strong brand that can last for

years

when it comes to cons as i already

mentioned content can take

a really long time if you’re going for

seo you want to rank on google

it can take at least few months before

you actually start seeing any

results however there are a few ways how

you can go about you can

find something that is just coming up

now and there isn’t

any competition or you can do something

that i like to do also you can use

pinterest and you can pretty much see

results from day one

another big downside is that it is

compared to other online businesses this

a little bit more labor intensive

monetization also as i mentioned takes

some time but that’s more to do

if you can’t drive people to come to

your blog right away but

if you do manage to start driving

traffic right away then you can start

monetizing faster as well when it comes

to costs

it’s pretty plain and simple and the

costs are again

very low for a business to start you

just need a domain

you need a website perhaps you need a

professional theme

email automation at some point and

that is pretty much it and if you’re

really just creating content that

that is going to be the only cost you

have for your customer acquisition so if

you found this video useful make sure to

smash that thumbs up button

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so you see the next time i publish

content like this

also check out my website there’s a lot

of useful content there a lot of

freebies and whatnot

stay awesome and i’ll see you soon

How To Start Selling Digital Products

What Are The Best Online Business To Start For Beginners (Ideas)

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