I have been working online for a decade now. And I can really tell you some of the best work from home ideas for business that can make you money online.
Today millions of people are working online from the comfort of their homes and earning money on a consistent basis.
You will be surprised to know that there is really no dearth of legit work-from-home ideas on the internet. You just need right guidance to get started.
Therefore in this article I personally jotted down a list of 10 such business ideas that are genuine and can help you in earning a decent income on a regular basis.
Here are they …
1. Freelancing Work
For me freelance work is the most awesome way to earn money online from home. You can work from the comfort of your home and be your own boss!
Although there are different types of freelance work like freelance writing, designing, code developing, digital marketing, administrative support etc but for me freelance writing was the natural choice.
As a freelance writer you can be an article writer, content writer, ghost writer, copy writer, book writer, technical writer, editor etc.
Freelancing is now a new norm especially after the pandemic. Freelance platforms like Fiverr, Upwork, Toptal, Freelancer etc are some of the most trusted sites where freelancers can find some of the best freelancing jobs.
2.Blogging and Vlogging
Let us talk about blogging and Vlogging!
Don’t get scared because you don’t have to bother about the technical aspects of blogging like hosting, designing, coding etc. Just purchase a right domain name with a reliable hosting service and integrate your blog with a CMS like WordPress.
What you have to focus on is writing good content for a topic that is closed to your heart. Start with your hobby! What is it? Like travelling, teaching, cooking, sports, music, pets, gardening etc. Create content around it and share with people online.
You also have to compete with other bloggers and stay ahead of them by writing great content which is also SEO friendly. SEO will allow your blog to rank high on Google search result.
Later you can generate a steady source of income by monetizing your blog with various contextual ad platforms like Google Adsense, media.net, PropellerAds etc.
Similarly like blogging, vlogging is also about creating video content which is funny and informative for your audience.
Obviously you will require a high quality camera and video recording skills. But recording and editing are secondary factors.
What is more important is content and it must be unique, engaging and consistent.
YouTube is one of the best platforms where you will be uploading your videos and later monetizing the channel with Google Adsense.
Your videos must receive more views and an engaging audience. This will help your CPC rates to go higher.
Whether it is blogging or vlogging both are legit ways to earn money online.
3. Dropshipping with Amazon
If you go by the ministry of Commerce then by 2025 ecommerce market in India will worth around $200 billion. If you play your cards right then you too can get a share of this pie.
One of the best things about dropshipping business idea is that neither you have to buy products nor you need to construct a big warehouse to store them.
You get orders online and ask your suppliers (like Amazon) to deliver products to your customers. You are basically a middleman between a supplier and customers who makes profit.
You can start selling merchandise online with a very low investment.
As a business owner you have to take following simple steps to start dropshipping business.
Find a supplier like Amazon, Flipkart, eBay etc and join their affiliate program. Build an ecommerce website (or a blog) and list products you would like to sell from the suppliers.
- Promote your website on different social media platforms like Facebook, Instagram, YouTube, Twitter to get new customers.
- Once you start getting orders, place the order with your suppliers and they will directly deliver products to customer’s address.
You earn commission depending upon the category you are selling in. Usually with Amazon it is between 8% – 30%.
Just focus on creating a powerful landing page for your website and promoting it on social media. Once you have established an online presence you will be able to make huge profits each day.
4. Digital Marketing Consultancy
In last 10 years, the industry has seen a sudden rise in digital marketing related services.
Two great things about DM consultancy business are, you can offer services to clients online from your home and also make good profits.
Following are some of the most popular digital marketing services
- SEO, SEM (Search Engine Marketing)
- Content and Video Marketing
- Email Marketing
- E Commerce Marketing
- Web Analytics
- Mobile Advertising etc
Currently SEO is the most popular service and selling like a hot cake. SEO experts who know their work can easily start a digital marketing consultancy service.
5. Domain Flipping
Domain Flipping could be an extremely lucrative online business idea if you do it the right way.
You first purchase domains with different names and later sell them for a huge profit to the highest bidder.
Companies and businesses are willing to pay huge money for some of the premier names. For example voice.com was sold for $30 million, sex.com for $15 million and hotels.com for $11 million a few years back.
A shorter domain name (one word long) is better than a longer domain name. You have to think and choose futuristic names which could see a great demand in coming years.
Usually a domain name cost $10 to $25. You could buy a dozen of them with different names. You don’t need a great amount of money to get started.
Once you have bought different domain names you got to list them on websites like Flippa. Flippa is a domain selling website which is a middleman between buyers and sellers. On Flippa bidders are going to bid your domain names and you will sell a domain to the highest bidder.
However Flippa takes a percentage of the sale from you.
Another option is you can sell domain privately to a highest bidder. However to do this you must be an experienced domain flipper. This way you can sell directly to the bidder without involving any other third party.
So choosing a right domain name and listing it is domain flipping business.
6. Tutoring Offline and Online
Because of COVID many schools were closed and children were forced to take tuition classes online.
This situation has helped in the growth of online tutoring business all over the world. You can tutor students online via apps like Zoom and Google meet.
You can teach a subject of your expertise and conduct sessions online. English and Math are two most popular subjects in great demand.
An online class or a session is usually 30 to 40 minutes long.
As a beginner you can join tutoring platforms like Byju’s, Chegg, Tutor.com etc and start teaching. After few years who can work independently.
7. Data Entry and Transcription Jobs
We have been listening about data entry jobs since the advent of Internet.
Some of the most common data entry works are
- Copy and Paste Work
- Formatting documents on MS Word and MS Excel
- Converting digital/Image files into a Word Document
But finding a genuine Data Entry job online could be a daunting task.
Job seekers must do a complete background check of a particular data entry company before joining it. Always visit their Contact Us page and take note of their phone number, then talk to the concerned person. You can also visit their office and talk to the person there.
Right now Amazon mTurk is one of the most trusted and popular data entry work provider.
Transcription is more than just a data entry job.
Job of a transcriber is to listen audio/video files and write it down word by word on a word document.
To become a good transcriber you need great typing speed with high accuracy. Listening skill is also very important.
A medical transcriptionist must be familiar with all the medical jargons commonly used in this profession.
An average transcriptionist can earn $15 – $20 an hour. But medical transcriptionist can earn up to $50,000 – $60,000 annually.
However to become a high paying medical transcriptionist you need some kind of formal training.
There is no dearth of freelance transcription jobs on the internet.
8. Stock Trading
Intraday or day trading is very different from long term investing. Intraday trading is for shorter term. You get results within few hours or minutes of a trade.
You buy and sell stocks very same day. You don’t hold them for a longer time period as you do with investing.
There is huge money to be made if you can learn trading. Before you start you have to do a lot of research, analysis and practice.
Analyzing charts and doing technical analysis is the key for the success. I would suggest you to take formal training from trading experts before taking a plunge.
After completing training you can start mock trading also known as paper trading. After you have developed a trading psychology and gained confidence you can enter the market.
Intra Day trading can work both ways. It can make you rich in just few minutes but also siphon your entire wealth. So trading is basically a double edged sword.
However it is still fastest way to make money online from home.
If you find trading too hot to handle then you can invest in mutual funds. Large cap made up of blue chip companies are safest place to invest if you want to get high returns.
9. Selling Photos and Creative Things Online
Selling photos online is one of the greatest ways to make money especially for less educated people. It does not take a lot of money or work experience to get started.
You just need a smartphone like iPhone that has a powerful camera and can take high resolution pictures.
Some of the most popular categories of images that you can sell are models, attire, cities & architecture, nature, animal, travel destinations, food, objects etc.
Some of the third-party sites where you can sell your photos are Shutterstock, Etsy, Fotomoto, Alamy, Adobe stock etc.
As a contributor you can earn up to 50% for each photo you sell. Each website has their own terms and conditions for uploading photos. They also protect copyright of your photo.
You can also sell creative handicrafts like hand paintings, handicrafts and other decorative items on websites like Etsy, Amazon, Craftsville etc.
10. Hosting With Airbnb
India is one of the popular tourist destinations in the world. According to a survey each year India receives over 20 million foreign visitors (pre pandemic). This is could be a great business opportunity.
Have you ever thought of renting your home or apartment to tourists coming in your city for few days and making money from it?
If you live in a metropolitan city like Mumbai, New Delhi where a lot of tourists arrive each year for business and pleasure purposes then you can rent your whole house or just one room to them and earn money.
This could be one of the easiest ways to earn money online right from the comfort of your home.
The best thing about this business is you don’t need large investment to get started. You can list your house on www.airbnb.com and find out how much you can earn in the city you are living.
If you live in New Delhi and rented just one room to a couple then you can earn well over Rs 25,000 per week.
The money you can earn will depend upon the house and the kind of facilities you provide.
Similarly if you have an apartment then you can rent it to a paying guest and earn extra cash.
These were 10 effective and legit works from home ideas to earn money online. I would suggest you to choose anyone of them and get started.
If you are unable to make any progress then you can switch to another business mentioned in the above list.