With the beginning of a new year, there is never a better time to start a new business than now. The deeper the economy goes into a recession, the more opportunity there is available for potential business owners who have found a way to solve their potential customers’ problems. Although there are many ways to start a business, these online business ideas for 2016 offers fun ways to make money online while making money too.
Small Biz Trends reported 50 different fun home based businesses for those who are considering starting a business this year. Although some of these businesses can be conducted offline, for those who want to build a brick and mortar business, many of these opportunities can be run online, allowing the small business owner to automate many of the business and marketing tasks. Some of the opportunities are seasonal, so for those who simply want to earn some extra cash, consider a seasonal business.
For those who want to start a business offline, some of the ideas to consider include party planner, home day care provider, vintage clothing reseller, party clown and dance instructor. Online business ideas include Facebook fan page designer, web designer, copywriter, YouTube personality, and ebook author. Some of these businesses can be done both online and in the real world. These include social media consultant, musician, seller of collectibles, photographer, and fundraiser.
— Mike Brown (@10MinuteIncome) January 10, 2016
As previously reported in The Inquisitr, borderless ecommerce now allows businesses to market and sell their products anywhere in the world. This allows home-based business owners to increase their revenue while still working for the comfort of home. Currently, online businesses drive about $1.59 trillion in sales, and this revenue is only expected to grow. Affiliate marketing also allows companies to increase their sales, and it’s also a viable business model for those who don’t want to create their own products to sell.
The Conversation said that there were nine emerging online business ideas for the digital economy that potential business owners may want to consider. One of the most important is the gig economy. Gigs sites allow gig creators to offer digital products and services at a low cost and for quick cash. Freelancing sites allow service providers to offer online services at a higher price and limit the need to have to search to find work. Service providers also build a portfolio allowing them to show the type of work they can do and receive ratings for their work. The most untapped market right now is Asia.
One unusual trend is starting a community without a product or service. As the community grows, the product or service that is needed will emerge. Digital communities will give businesses an unfair advantage over businesses that don’t offer an opportunity to connect. Sites like Facebook make it easy to create these communities, and it doesn’t cost anything unless group owners want to advertise.
— Mas Pre (@mas10ph) December 8, 2015
Cybersecurity is another trend that will make a huge impact in 2016. Not only will more businesses find the need to increase their security in order to prevent losing sensitive customer and business data, but it’s also one of the many online business ideas potential business owners may want to consider, particularly if they have a background in IT security. The demand for cybersecurity firms will only continue to grow as the increase in technology requires businesses to adapt to the changes in technology.
There are many more online business ideas that will show up in 2016 as the internet continues to grow. The number of devices expected to be connected to the internet that includes mobile phones, tablets and computers will grow to about 50 billion. This will create plenty of opportunities for those who want to leave the traditional work world for new opportunities.
[Photo by Pixabay]