You have decided to take the plunge and start your journey as an online entrepreneur? Superb, but there’s one thing that is missing, a great business idea!
With so many business ideas in 2020, it can be difficult to figure out which ideas are worth pursuing. Don’t worry, I created this list to help you select an online business that you can launch easily.
This list gives you information about tools to get you started and
tips about how you develop as an online entrepreneur and start making money.
Niche social networks allow users of specific interest to come together and hang out. Such kinds of social networks are more critical despite the fact that common networks are impersonal and play with user data.
People are looking for safer and more intimate networks where connections are authentic and real. This is what Niche Social Networks are good at or at least aim to be.
Alright, let’s see a few glowing examples of niche networks that are doing well:
Now you may be wondering, “These sites look like they will take a lot of time and effort and money to build”. You are partially right. In their current successful avatars, you may feel they are too complex to build and maintain. Though, all these networks began their lives as a modest website with a basic aim of being special and passionate. You just need a theme and the right set of features to get started with a Niche Social Network business.
Coming to the features of a social network — there are a few essential things that any social network chat needs.
An active social network needs real-time communication and that is where CometChat Go comes to your rescue. CometChat Go will help your social network’s users to chat instantly with their friends and peers and share media files among other things.
You will find lots of advice online on how to grow your users. A general rule of thumb is if your theme is very specific and talks to a certain segment of users, it is easier to target them on existing social platforms. Appeal to influencers of that community.
If you are building a niche network on gardening, find voices that are the most followed and engage with them. Initially, I would steer clear from charging any premium or pay-walling content. So you are left with ads to monetize in this scenario.
Another route to choose is to have a premium tier and use that to monetize your user base. You can make certain features premium only, like video calling or file sharing and encourage users to pay for using them.
You have expertise in a subject and you are the boss of that chosen field. People come to you for advice on that specific topic.
Maybe you are a financial wizard, helping people with their investments and advising them on how to invest and grow their wealth. Or you are a tarot card expert and your friends pick your brains to find out what is in store for them in the future.
The point is that you have knowledge that can help others and you are thinking of moving beyond consulting friends and family.
You won’t be alone in thinking of starting up your online consulting/advisory business. Many experts are beginning to see the benefit of making their hours.
Some examples of coaching/advising websites:
You will need a few basic features on your personal coaching website. You will want to manage your meetings and sessions. And you will definitely need a way to provide your consultations, this can be done by either a group text chat, video conference or 1–1 video call. It depends on the business model that you decide.
Some experts provide better value in a personal 1–1 kind of engagement whereas others will be more effective in a group setting where collaboration is essential. You may also want to be able to charge credits for calls and chat sessions. We have listed a few essential features.
So keeping these features in mind, there are a couple of ways to build an effective personal coaching website. You can set up a basic WordPress or Joomla website and add the necessary features using plugins and extensions. Or you can use a special service like teachable to develop courses, pre-registered lessons and to teach in real-time.
There are multiple options to manage meetings and scheduling of sessions. You can use SaaS tools like calendly or popular WordPress plugins like Ultimate appointments if you are using WordPress. If you are using any other CMS or platform they have their own plugins/extensions for achieving this. You will have to research a little bit in this case as there are many options.
Growing a coaching and course-based website or business is tricky and satisfying at the same time. Each successful session you undertake and every student that completes your course successfully will give you instant validation.
To build your first set of users, you will need to use common tactics such as free content on your website, free ebooks, and even free one-on-one sessions. Some basic tactics include reaching out to influencers and known figures that talk about your topic and collaborating with them.
Dating is tricky, right? You know this well and you have the best approach to help lonely souls out there. But you are thinking, there are soooo many websites that claim to help people find their matches, how will you differentiate?By going hyper-niche, that’s how. People are getting more and more finicky about choosing a partner.
Need more data? Alright, let’s look at some quirky and successful dating sites.
So, you will definitely need a theme around which to build your niche dating site. Once you are ready with the niche theme, you can start building. There are specific website building tools like WPDating and DatingScript. These tools will provide a basic feature set that is required on a dating website.
Basic features needed in a dating website:
This is a highly competitive space and acquiring users is not very easy. But there is some good news, users are impatient and will try out a new platform that they fancy. So, your aim should be to get noticed by trendy blogs and be featured in lists.
It won’t hurt to get some paid eyeballs if you have a budget set for promotions. Once you have a user-base built, you can start monetizing your website. There are ways to add features that users will pay for.
You can restrict free users to basic profile viewing and allow them to chat/call only when they become premium members or purchase credits.
But if you are passionate about this space and your website and narrative appeal to the right user group, you may well be onto something rewarding.
The original social networks, Forums are here to stay. These platforms are holding their own against modern microblogging networks.
Forums allow for more focused conversations around a specific topic. And because they offer a more focused conversation fashion, long and detailed discussions often happen on forums. Which in turn creates trust among users and drives an almost cult-like following.
Here are some of the most popular forums on the internet.
Show when someone is typing
Offer read receipts (show when someone has read or received message)
Share files and high-resolution photos
You will find that regular members form friendships and want a more engaging conversation. In such cases, the inbuilt inbox and messaging methods of forum software may be limiting. You can use an add-on or plugin to enable one-one and group text chats that happen in real-time. CometChat Go is one such product that offers integrations with all the major forum providers.
Owning a forum and growing it is a long term play. You will grow consistently only if you and your forum are found to be useful by the community. So, selecting a topic that will pique your users’ interest and yours is the most important thing. You will also need to be an active participant, at least in the initial days of growth.
Once your forum has found its voice and place, you can start inviting experts to participate. They will bring their subject expertise and authority to the conversations and your forum will gain credibility.
Using other forms of outreach like email and social media will also help you keep users coming back. You can run a weekly newsletter to let users know what’s happening in the forum.
Monetizing the forum can be done in a couple of ways. You can use ads (native or via ad providers) to generate revenue. This method will start giving noticeable returns only when you have hit a high volume of traffic.
Another way to monetize is to have certain sections only available to paid members. Or you can have sponsored posts if that works for your category. As long as people are returning to the board you will find that you are able to monetize it.
The two main areas of focus this year are wellness and fitness. From improving mental health and refining your overall well-being, to working on a rejuvenating self-care routine. Today’s wellness industry is bursting with different ways to make your mind and body a lot better.
You need a website for promoting your company or building a personal brand in a fitness and wellness market. There is nothing new under the moon and the creation of a website for the wellness and fitness sector is like any other.
Let’s discuss the essential chat features your platform should have:
Fitness and well-being remain one of the premium markets with a high global market for advertisers. For affiliate marketers, this niche remains one of the top. From a monetization point of view, these niches are easy to monetize as they are associated with product recommendations and visitors who are more likely to purchase them.
Won’t it be a great help to prospective brides and grooms if they could research all of this in one place? Does this smell like an opportunity to collect various wedding-related services under one roof? Building a wedding services marketplace website will help many prospective couples.
Like several couples beginning their quest for wedding goods and services on the internet, it seems to be appropriate to create a website for all wedding services in one place.
Chat Features you will need in a Wedding Services Marketplace:
The fact that customers need preferences, decorations, supplies and so on for their event will lead to a purchase. You will send them to trusted suppliers with goods they will always purchase. With little to no additional effort, you will receive a commission. You can also sell advertising space, this will not only increase the revenue you would produce, but also the search engine rankings will be boosted by these additional Web pages related to your site.
Renting business is a fast buck concept, where both vendors and market owners will make a profit. A vendor can rent highly demanding types of equipment and even those that they no longer want to use. On the opposite, marketplace admin will hold commission fees for service provision.
Chat Features you will need to in a Rental Marketplace:
The listing of an item or service may or may not be free. You can charge the owner of the product a commission fee, which the platform shall deduct from the total rental charges, upon successful completion of the transaction. Besides the commission, there are other sources of generating revenue like a featured listing, on page advertisement and membership/subscription fee.
The idea of renting a marketplace is very unique and has enormous potential for growth. Since such markets can be active in different geographical regions without becoming direct competitors, they are suitable for entrepreneurs who can come up with advanced features.
Combining our often-materialistic, hierarchical culture with the power of the Internet to put together buyers, sellers, and traders, online bartering has spawned a multitude of new sites and communities. People are now starting to search for new ways of obtaining the goods and services that they want and need in an affordable manner.
The general goal should be addressing the main audience and their pain points. Here are a few chat features that will help you craft a platform that your customers will love.
You can introduce a freemium model, where access to premium features will only be charged. Such features may include improving listings, defined area searches, and subscribing to updates for a specific product or service. You can also introduce a currency to facilitate category-wide bartering. The currency would be in the form of coins and can be bought by users if they have no other goods or services to barter.
Every project and product at the first launch stage today requires a strong marketing campaign to become recognizable in the marketplace and to attract potential users. You need to place your product globally and initially aim at growing the audience and increasing the platform’s potential user base.
Working remotely is not only a perk in this situation but a necessity. Running your own remote job platform can be a perfect business idea.
Fortunately, anybody can create a job marketplace. All you need is the right platform and the right tools. For example, you can find plugins that are simple and easy to set up.
As the name suggests, a remote job marketplace is a place for people to post and respond to job offers. You may even have used one in the past to find employment. What you may not know is that running your own remote job website may be worthwhile.
You can earn revenue by charging business owners and/or job seekers for posting and answering listings, or keep both free and publish ads. You shouldn’t have a hard time attracting members if you set up a marketplace and curate its listings to ensure that it’s something seekers will be interested in.
On the basis of a simple business model, an online tutoring network provides students with their academic inquiries and immediate answers. Help requests are made by tutors who are experts in the field specified. Students can choose the tutors best suited to their inquiry.
While smaller questions are answered free of charge, others come with a fee from which the platform retains a share. This is the way to make most of your website’s money.
Although the majority of users on the website are university students, the number of secondary school students are increasing due to COVID-19 lockdown who are not able to attend school.
The business model has many big names:
Below are our key chat features, which will certainly shift your website perspective.
Are you planning to start a similar website? If you want something like it, look for CometChat Go.
As a business, your main aim should be to increase the number of tutor sign-ups. Another core intent should be many of those who subscribe to teach for a longer time. Your aim should be to increase the functionality of the platform with the introduction of additional features to track the progress of students and to help them achieve learning goals.
You can monetize your business by asking tutors to pay a subscription fee for featuring in the marketplace search results. Apart from that, you can charge a transaction fee which is generally a percentage of each transaction. You can also include a paid listing feature that tutors can use if they like to appear at the top of search results.
Think well about your marketing plan and business philosophy and turn it into your website. Look at competitors and frontrunners, to explore the simple and advanced features their sites provide. Develop bearing in mind the core customer’s pain points. Make sure your web design is quick and simple to use on the smartphone and put security at the top.
Did I miss anything? Tell me in the comments section below.