The internet is the best place to go in 2016 if you are thinking of how to start generating full time income. This is because the Internet provides lots of opportunities to make money genuinely.
There is no question about it; it is a fact that most companies now take their adverting budgets online, just as billions of people across the world use the Internet daily, with most of them now comfortable buying and making payments online.
The massive activities of people on the Internet have equally created a huge opportunity for others to make fulltime income on the Internet, with some making millions of dollars in income each month.
As a Nigerian this is even the best time to start generating income on the Internet as the dollar keep rising in value against the Naira. With the current exchange rate of N250 to 1$ as we write this, making just $500 a month gives you an income of N125,000. Now, if you improve on what you did to earn $500, you can also increase your earning, in fact, you can earn multiples of $500 a month.Here are 18 tested and proven Internet business ideas you can work on in the New Year and build a good stream of income that will change of finances before the coming year ends. (Please ensure to pick just one idea that you are comfortable with to work on. Doing more than one business can pull you to thin on different fronts, which usually don’t result to success, but frustration at the end of the day.)
Now, here we go:
1. Digital publishing and advertising
This online business model can also be called content marketing. It involves creating website with rich content to attract a great number of traffic or audience. With your website, you can offer advertising packages to clients who want to advertise their business on your network.
You can also offer adsense advertising where you will make money when your site’s users click on the adsense on your site. This can easily add up to hundreds or thousands of dollars as income each month.
It’s like publishing newspapers and magazines. The only difference is that you’re publishing it online and targeting the Internet users both desktop and mobile.
You can choose a subject with wide interest base, and there are lots of them. If you need help on the subject to focus your site on, you can visit the book section on Amazon.com or dummies.com and see the different book titles there. For people to publish books on those titles means the subjects have large number of people interested in them. You can choose any that fancy your interest.
You can start this business with little cost. What you need is to register a domain name and buy a hosting package. Both the domain name and hosting are renewable yearly.
2. Video production and animation
Videos and animations are great marketing forms. Businesses want to have a great video to promote their products and brands on YouTube, Facebook and other channels. Videos also have a high potential to become viral. Thus, if you have skills and talents in video production and animation, then help companies to create the best film for their business.
You can start by identifying the kind of work you want to do. Ask yourself what kind of service you want to offer. If you are in the business of making short films, make sure you understand the full pipeline of animation production, from development through to pre-production, production and post.
Building your team: You may well not have all the skills needed to make short films. As an animator, you may want to team up with a designer (unless you are good at this yourself) and, if you are making 3D films, you will need expertise in modeling, rigging, texturing and lighting. By now you will be beginning to realize that to make short 3D films requires general expertise - this is where 3D generalists come into their own.
3. Graphic and infographic design
Display marketing is hot right now. This is evidenced by the popularity of social networking sites that focus on images like Pinterest, Instagram and Facebook. Infographics are also popular contents that marketers love to use to promote businesses. So if you’re a graphic artist, then this business opportunity is for you.
If you are not yet a graphic artist and are interested in this business, you can take some time out to learn Photoshop, which is the most popular tool you need to master to do all forms of graphic designing work.
You can find lots of graphic designing work at job sites on the Internet and they keep coming because individuals and companies keep needing things like logos, banners, infographics, ecovers, and other web graphics. This is a business you can make lots of money from in the thousands of dollar range monthly if you are good at the job.
4. Photography and image consulting
Are you a photographer? Do you love photography? Then use your talent and skills to thrive in the online world. Beautiful images are needed in the online marketing industry, especially in display and image marketing. Almost everybody wants to have their best profile pictures and cover photos on social media websites, like Facebook and Instagram.
5. eCommerce store
We can sell almost everything on the Internet. So if you are already doing business offline, then why not try to bring it on the online world. You can list your products on eCommerce websites like eBay and Amazon.com. Moreover, you can also create your own online store or eCommerce website.
6. Data privacy and security services
Concerns on privacy and data security will continue to increase in 2016. Any confidential or private data can easily leak and spread online through social media sites like Facebook and Twitter.
Thus, companies and individuals will look for data privacy and security experts who will help them protect their privacy and security online.
7. Online webinars
Information and education are still one of the best products that can easily sell to people, especially in this era where transfer of information are already very efficient through the Internet. If you’re knowledgeable and an expert on a particular field then teaching people through webinars could also be a good business idea.
8. Online business coaching
Many people are already venturing into the online business world. If you already have proven a formula to online business success, then teach and guide people how to make their online business a success.
9. Online expert consulting
Share your expertise online and make money from it. Whatever your expertise is, certainly, there are people who will need it. Online consulting is now easier because of our modern Information Technology. Most expert consultations are just happening online through Skype or even at Google+ hangout.
You can also create tutorial videos on a topic in your field and sell it at educational sites like udemy.
10. Email marketing
Effective email marketing can be done with content marketing and relationship marketing. If you have a database of emails which are subscribed to your newsletter, blogs and other useful content, you can use it to promote products from reputable companies. Just make sure that your subscribers won’t be spammed and the products you promote to them are useful and relevant to them.
The success of email marketing depends on your ability to build a large list and then gradually develop a relationship with subscribers by regularly sending them valuable content (not sales materials). Overtime, they will build trust in you and see you as an expert. When you have achieved that it will become easier for them to make up their minds to buy anything that you promote to them and you can make lots of money from a single product sales.
For example, if you have a list of 10,000 subscribers and you run a sales campaign and have 1,000 buying, and you are making 1$ on each sale, that will give you $1,000. Or let say you are targeting Nigerians and you are making N1,000 on each sale, that will be a million Naira.
Again, email marketing is highly effective if you see it as long term venture where you need to build a strong relationship and trust with your subscribers and also build a huge list. You can start with a free email system like listwire before moving to paid one when you start making money (that’s if you want to). There are many email marketing training courses out there, both free and paid that you can study to master the business.
11. Affiliate marketing
Affiliate marketing is a huge industry, and it will still be big in 2015 and beyond. According to Forrester Research, affiliate marketing spend in the US will grow to $4.1 billion in 2015. Thus, affiliate marketing will still be a profitable business idea next year. There are affiliate networks like Amazon.com, Commission Junction, linkshare, impact radius, and Clickbank.com, where you can sign up to begin promoting affiliate products in your website, blog and other network, and earn commission income for every lead you will generate.
The truth is that people are buying all manner of items on the Internet and manufacturers know that they will be able to make more sales if they can recruit many website owners to promote their products on their websites.
If you can build a website that attracts lots of visitors, you can make money by promoting products that your visitors will like and make commission from the sales you make. You can promote several products on your website, but you have to do it in such a way that it will not offend Google, which provides the largest free traffic to your website.
Affiliate marketing can also earn you thousands of dollars monthly if you have huge traffic. Again, you can learn affiliate marketing from lots of courses on it out there.
12. Referral and network marketing
If word-of-mouth marketing is traditionally effective, then it would be more effective and efficient if done online. Network marketing and MLM (multi-level marketing) are also among the hottest trends today. So if you want to start an online business, network marketing can be a prolific business as long as you will choose the right product and you will market it using quality word-of-mouth marketing and relationship marketing.
13. Blogging
Blogging can also be a lucrative business. There are many bloggers today that are earning lots of money from their blogs through direct advertising, PPC advertising, affiliate marketing, membership fees and sponsorship. The more popular blogs, which are visited by millions of people monthly, have already made their owners rich. The secret to blogging success lies in the quality, quantity and authority of their blog posts. Blogging also needs online marketing strategies, such as SEO, social media marketing and content marketing to be more successful.
If you are to make money from blogging, you must see it as a long term project and not a short one, and you must be able to generate quality and interesting content frequently for your users. Before starting, you have to decide what area you want to concentrate on, is it fashion, women stuff, motivation, health, business, travelling, writing, home improvement, food, cooking, farming, etc. There are lots of profitable niches you might want to focus. However, make sure you will be able to find topics or content for the niche you have chosen to keep the blog fresh.
If you continue to build your blog with useful content frequently over time it will grow and have huge traffic coming, and you will be able to start make fulltime income from it.
14. Conversion rate optimization
Another important online marketing service that is offered today is improving the conversion rate of a business’ marketing campaign. Conversion rate optimization involves market research, analytics, target marketing, content marketing and other strategies and techniques to ensure that businesses will have more conversion or leads from their web traffic or Internet exposure. Conversion rate optimization is one of the most important trends in 2016.
15. Mobile apps development
Billions of people are now using smartphones. Furthermore, there are also tablets and the upcoming Google glass that will make the Internet world more mobile. This makes the online marketing industry more mobile than ever. That is why mobile apps will continue booming in 2016 and beyond. There is an increasing demand for mobile apps. Thus, mobile application development is one of the hottest business opportunities in 2014.
This is a business that requires being an expert. You can find courses online to train you on how to develop mobile apps, and after you have mastered it, you can set up a business on it or you can work as a freelancer. There are many jobs out there for mobile apps developers that you can do and make money from. In fact, working as a freelancer can bring a fulltime income as well.
To make good money as a mobile apps developer, you must target the global market, especially the U.S. market. Find out what they are interested in and align yourself to creating such.
Mobile apps creation can take some time to master, but when you do, you can be sure of making it big with your knowledge.
16. Online reputation management
Companies and personalities need to protect their reputation online to preserve their business brand or personal brand. Since the Internet users are rapidly increasing in numbers, online brand mentions (whether negative or negative) are also increasing. Businesses need to hire ORM specialists to protect their brand from negative mentions and to promote their brand’s positive image online.
17. Search engine optimization (SEO) services
SEO will continue booming as long as search engines are thriving. In fact, because it is now more difficult to rank a website on the search engines, quality SEO firms are now becoming more in demand. Brands and companies need SEO to make sure that their websites will be loved by Google and by other search engines, and will drive more relevant and targeted traffic from these search engines.
Learning search engine optimization is a profitable area on the Internet because websites traffic depends on it. A website that is optimized for search engines will get more organic traffic from Google and other search engines than a website that is not.
Therefore, apart from helping website owners to have their websites doing well on search engines, you can also use the knowledge in building traffic to your own website and generating additional income from it. This is why having SEO knowledge such valuable, and it can fetch you good income in 2016. There are good courses out there that can help you to become an SEO expert.
18. Social media marketing services
Social media is the new marketing horizon for most businesses. Social media marketing is also important in search marketing and mobile marketing. So if you’re an expert in promoting a business or brand on Facebook, Twitter, Google+, LinkedIn, Pinterest, YouTube and other social networking sites, then this business opportunity is for you.
You can get jobs as a social media manager from many job sites out there and you can make fulltime income with it.
You can also contact Nigerian companies and propose your service to them. Once you have established yourself as a social media manager or consultant and are good at the job, it will not be difficult to hit a big contract soon.
Conclusion:
We have shown you several business areas that have been tested and proven to yield good income on the Internet. We believe if you take one of them, learn all you need to know about how it works, and build it, you will start generating good and consistent income in 2016.
Please note that what we have given are tips about the businesses and not a complete manual on how they work. That means you will still have to study any one you desire to focus on. Again, it is better to focus on just one idea and not all 18, so that you will not get confused due to information overload.
You might not immediately start making money from these businesses, but if you keep working and building them, soon the money will start coming and you can scale it.
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