AFFILIATE MARKETING
11 Easy Online Business Ideas to Make Money From Home in 2024
There are a number of ways to cash in from affiliate marketing, from posting on social media to writing blog posts. One of the best things about affiliate marketing is that it doesn’t require any start-up costs, making it one of the most affordable ways to generate passive income.
2. Make an online course
- Pros: Easy to set up
- Cons: Need to market it yourself
- Earning potential: $100 to $1,000 a month (as a beginner)
If you’ve got specific knowledge or a skill you think would benefit others, why not make and sell an online course? This is especially true if you’re clued up on new and emerging technologies, as spiking demand for online AI training courses shows.
Selling a course is a cost-effective and scalable way to make a steady income while sharing content you’re passionate about. It’s super easy to get started as well with web builder software like Squarespace and Hostinger.
However, there are some drawbacks to monetizing your knowledge. Just like with affiliate marketing, it is easier to make money with an established audience, so if you don’t have a large follower base, or aren’t prepared to market your course, this may not be the best business idea for you.
3. Dropshipping
- Pros: Requires no start-up inventory
- Cons: Its competetive
- Earning potential: $1,000 to $3,000 in the first year
You’ve probably seen enough YouTube ads by now to know what drop shipping is. But if not, dropshipping is a low-risk business model that lets you sell products to customers without incurring wholesale running costs. Unlike with brick-and-mortar and traditional ecommerce, you don’t have to purchase a product unless you’ve already made a sale, reducing financial risks associated with surplus stock.
Dropshipping is a great option for entrepreneurial spirits with little funds available to invest in inventory. However, the world of dropshipping is extremely competitive, and profit margins are a lot lower than with traditional retail.
4. Write a blog
- Pros: Allows for creative freedom
- Cons: Can take time to build an audience
- Earning potential: $70 to $100 a month (as a beginner)
If you’re a budding wordsmith, or are simply passionate about a certain subject, writing and monetizing a blog could be a good way to earn money on the side. After you’ve carved out your niche and put pen to paper, you’ll need to build a loyal online audience. Once you’ve amassed a decent amount of followers, you’re able to monetize your blog across various channels, including through sponsored posts, product sales, or third-party ads.
The great thing about blogging is you have the freedom to write about anything you care about. It’s also a natural way to foster and connect with an online community of like-minded people.
5. Sell goods online
- Pros: Can set own profit margins
- Cons: Requires start-up inventory
- Earning potential: Up to $10,000 per month
If you’re crafty, or have got an eye for second-hand goods, selling items online can be a decent money-maker. Selling products of your choice allows you to set your own profit margins, and market them to your liking. Lots of ecommerce platforms like Etsy, eBay, and Depop let you retail goods for free too, but they do charge a fraction of each sale.
Selling goods online does require start-up investments though, specifically when it comes to purchasing materials and stock. This makes retailing goods unsuitable to individuals looking to get started for free. Alternatively, you could set up your own site using one of the best ecommerce website builders, which gives you full control of your startup’s finances.
6. Start a print-on-demand business
- Pros: Minimal start-up costs
- Cons: Low margins
- Earning potential: Around $1,500 per month (as a beginner)
Print-on-demand (PoD) is an order fulfillment method where business owners print designs on products like clothing, accessories, and decor using third-party suppliers. Like dropshipping, you don’t need to purchase the stock until the order is received, eliminating the need for costly inventory management. It’s important to research market trends before launching a PoD business, however, as some niches – like sustainable fashion and athleisure – are more lucrative than others.
Because the design and printing process are handled by third-party suppliers, all you need to do is market your service and manage orders. Like most business ventures on this list, a high-performing site will be necessary to carry out these steps.
7. Sell an online service
- Pros: Can utilize existing talents
- Cons: Hard to build a client base
- Earning potential: Anywhere from $15 to $100 an hour (as a beginner)
You don’t need to sell something tangible to run a successful business. Selling a service like consulting, life coaching or personal training is a great way to profit from existing skills and experience.
This business idea might be appealing to those who already work for a service provider for their 9-5, but are looking to subsidize their income by going freelance in their spare time. However, if you’re experienced enough, are willing to work hard to build a roster of clients, and receive a decent amount of positive testimonials, there’s ample potential to turn this business into a full-time gig.
Don’t have a big marketing budget? Leveraging free-cost marketing channels and networking in your industry are effective ways to spread the word cheaply, according to author and certified speaking coach Kevin Williams.
8. Create and sell NFTs
- Pros: Allows you to profit from pre-existing content
- Cons: Requires technical knowledge
- Earning potential: Anywhere from $200 to $1 million
Another creative way to make money online in 2024 is by making, and selling an original non-fungible token (NFT). While the hype around NFTs has dyed down a little since the technology broke into the mainstream in 2021, they can still be a decent money-maker for those with some spare time and the right technical know-how.
Anyone can make an NFT, but to avoid copyright infringement it’s best to make one from an original asset. However, even if this isn’t possible, you can still generate a decent income from trading NFTs based on trends and popularity.
9. Create a YouTube channel
- Pros: Good way to monetize your passion
- Cons: Time and energy-intensive
- Earning potential: $18 per 1,000 views
If you’ve always wanted to try your hand at vlogging or video editing, monetizing a YouTube channel is a good way to earn massive income and explore your passions at the same time. While it takes work to build a following, once you reach 1,000 subscribers you can launch YouTube ads on your channel, and make up to $0.5 to $2.5 per 1000 views with AdSence.
Creating a successful YouTube channel isn’t light work though. It can take years before a YouTube channel becomes profitable, so to make real profits on this platform you need to be willing to invest a decent amount of time and effort.
10. Make a custom GPT
- Pros: Quick and easy to
- Cons: Requires a paid ChatGPT plan
- Earning potential: Up to $1000 a month
With the GPT store opening earlier this year, ChatGPT Premium and Enterprise users are now able to profit from their own custom GPTs. custom GPTs are customizable versions of ChatGPT that are tailored to a specific niche. From Christmas Card Maker’s to Simionizers, the limit really is your image, but as a general rule of thumb, the most successful GPTs will serve a unique use case and will be trained on richer data than similar competitors.
If you’re subscribed to ChatGPT Plus or Enterprise, creating a custom GPT couldn’t be easier too. All you need to do is name your GPT, add instructions and examples to the builder’s drop-down menu, test it, and you’re ready to go live.
For more detailed instructions, learn how to make a GPT that sells in 10 simple steps here.
11. Create an eBook with ChatGPT
- Pros: No start-up costs
- Cons: Very competitive field
- Earning potential: Up to $2500 a week
You don’t need to be a trained author to write an eBook that sells; all you need is ChatGPT and some well-crafted prompts.
AI chatbots are content-creation machines, so it’s unsurprising so many people have begun using them to earn passively in 2024. The creation process is relatively straightforward too; all you need to do is come up with a niche or original idea – this could range from a mystery crime novel to a non-fiction book about botany – come up with a basic book structure (you can use ChatGPT for this too) and then write the book paragraph by paragraphs by feeding ChatGPT descriptive promotes.
After the book is complete, you can sell it directly through Amazon’s Kindle Direct Publishing (KDP), and earn up to 70% from each book sale.
What Do I Need to Start an Online Business?
The first port-of-call for budding entrepreneurs is creating a developed, yet realistic business plan. A business plan helps crystalize your thoughts into clear, actionable steps. Not only is the document critical when you’re taking your tentative first steps, but it’s also a useful tool for reaching important milestones and showing your concept off to investors and lenders.
Another prerequisite for a successful online business is a website. Whether you’re selling goods online or just looking to boost your reach, building a website will improve your business’s credibility and establish your status as an online competitor. Setting up a site doesn’t need to be an arduous task, either. There are tons of website builders that can help you build a professional site quickly and easily, each with their own specialisms and strengths.
Wix performed best in our independent web builder research, thanks to its generous free plan, excellent UX, and dynamic toolkit, while Squarespace edges out the competitor when it comes to design. See how our favorites weigh up side by side in our comparison table below.
Can I Start an Online Business with No Money?
Sure, heaps of capital make it easier to launch a business from the ground up. But this doesn’t mean there are no viable ways to start businesses for free.
If you’ve got a solid idea that requires financial backing, applying for small business loans and grants are great ways to sew seeds that could eventually flourish into a successful, lucrative business. Whether you need to cover operational expenses, invest in inventory, or launch a marketing campaign to get your business seen, financing can help launch a business forward while affording business owners peace of mind.
The US Small Business Administration (SBA) website is home to a variety of lending options including 7 (a) loans – its primary form of small business financial assistance, 504 loans, and microloans. The agency also provides a range of targeted small-business grants, targeted at research and learning institutions and community organizations.
You don’t need to access financing to get ahead, though. There are loads of business ideas to pursue that don’t require funding, including course-building, dropshipping, and selling goods through free sites like Etsy and Amazon. You don’t need to fork out on a pricey website builder to establish your online presence either.
Major names like Wix, GoDaddy, and Squarespace offer solid free plans. However, most free plans lack basic features like custom URLs and ecommerce functionality, so if these are must-haves for you, you’d be better off investing in a paid builder instead. Check out our guide to the best easy website builders to learn more about the most beginner-friendly options.
Benefits of Starting an Online Business
If you have the time and work ethic required to carry out the undertaking, starting your own business can pay dividends in a number of ways. Firstly, launching a business online is heads-and-shoulders cheaper than opening and maintaining a brick-and-mortar store. It’s also easier to reach a wider pool of potential consumers online than it would be in person, helping you to tap into new markets and expand your base significantly.
Starting an online business allows you to be your own boss too, affording you greater autonomy and control over how and when you work. This is especially valuable for those who are looking to carve out healthier professional boundaries, particularly when it comes to finding a work-life balance. The last perk is an obvious one: hustling from your home office can be extremely lucrative. At a time when the majority of Americans (78%) claim to have financial concerns, launching your own business could spell the difference between surviving and thriving in 2024.
What Makes a Successful Online Business?
If you’re new to entrepreneurship, there are a number of factors to be aware of before taking the plunge. Here are a few tips on launching a successful online business, taken from the mouths of experts themselves.
First, before you unveil your product or service to the world you need to make sure it actually addresses a need. You can come up with this need by referring to your own experiences, and that of your friends and family, or researching market opportunities online.
Research every spare hour you have. There is no shortcut to
knowledge, you must just stay focused on the end goal and absorb as much as
possible. – Ben Hilton, Managing Director of Switch Jam
You need to make sure you do your homework too. Whether it be researching competitors, market trends within your industry, or the legal aspects of launching a product or service, Google will be your best friend in the preliminary stages of running a business.
“Focus on necessities, skimp on luxuries. Use freelance platforms to find affordable services for your needs. Utilize free-to-use platforms like social networks for initial marketing.” –Virginia Miller, spokesperson for Simple Fulfillment
To avoid costly overheads, do as much of the in-house work as possible. From writing your own content to producing your own logo, only outsource the tasks you absolutely have to. Also, skimp on luxuries. Take advantage of free resources like complimentary web-builders and social media, and invest surplus money back into your venture.
AFFILIATE MARKETING
Cut Costs, Not Features with This Microsoft Bundle Deal
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Software subscription fees can quickly add up, and for small-business owners, entrepreneurs, or freelancers, these costs can eat into profits. Businesses spend approximately 29% of their IT budgets on software, according to a 2023 survey by Gartner.
For business professionals who are looking to streamline workflow without paying steep subscription fees, the Ultimate 2019 Microsoft Bundle might be the perfect solution. For just $71.94 (regularly $927), this comprehensive four-part bundle offers Microsoft Office Professional Plus 2019, Windows 11 Pro, Project 2019, and Visio 2019.
While it’s not the newest version of Microsoft’s software, it can deliver tremendous value for anyone seeking tools to manage their business, boost productivity, and work efficiently. The bundle offers a lifetime license, meaning you’ll get all the functionality you need without the recurring costs associated with subscription services like Microsoft 365.
However, it does come with Windows 11 Pro, which includes the recent AI updates. Windows 11 Pro delivers a modern, intuitive interface with enhanced security features such as biometric login and Smart App Control, making it ideal for professionals who prioritize privacy and usability. It’s also equipped with tools that support multitasking, such as Snap Layouts and Virtual Desktops.
For companies looking to reduce overhead without compromising essential functionality, making a one-time purchase of slightly older software is a smart financial move. This includes Office’s most popular productivity tools, Word, Excel, PowerPoint, and Outlook.
Project 2019 is a must-have for anyone who is managing large or small projects. It helps track tasks, timelines, and resources, making it easier to stay on top of deadlines and ensure your team moves in the right direction. Project 2019 gives you the tools to streamline processes and manage tasks efficiently.
Visio 2019 is ideal for creating professional diagrams, flowcharts, and organizational charts. It’s particularly valuable for visualizing complex data or workflows, which is essential for business owners looking to improve operational efficiency.
If you need a productivity boost without eating into savings, take a closer look at this bundle.
Get the Ultimate 2019 Microsoft Bundle with Office, Project, Visio, and Windows 11 Pro for $71.94 (regularly $927).
StackSocial prices subject to change.
AFFILIATE MARKETING
3 Trends That Will Change the Future of Entrepreneurship
Opinions expressed by Entrepreneur contributors are their own.
The most recent data from the new Global Entrepreneurship Monitor report reveals a powerful trend for the future of entrepreneurship.
Young adults, aged 18-24, had both the highest entrepreneurial activity and entrepreneurial intentions in the United States, according to the Global Entrepreneurship Monitor 2023-2024 United States Report. With similar results in 2022, this is not just a minor shift — it’s a fundamental change that could have lasting impacts on the economy and society.
I serve as the chair of the board for the Global Entrepreneurship Research Association, the entity that oversees GEM, which was founded in 1999 as a joint venture of Babson College and the London Business School. As the GEM U.S. team co-leader and a professor of entrepreneurship at Babson, I see firsthand the impact of the research created by the Global Entrepreneurship Monitor.
Here are three entrepreneurship trends from the new GEM report that are changing the landscape for the future.
Related: 21 Success Tips for Young and Aspiring Entrepreneurs
1. Young entrepreneurs on the rise
For years, entrepreneurship has been dominated by older, more experienced individuals, but this year’s report shows that the youngest adults are now at the forefront. According to GEM, 24% of 18- to 24-year-olds are engaged in some form of entrepreneurial activity, a higher rate than any other age group. What’s driving these young entrepreneurs is equally remarkable: They aren’t just starting businesses to make money; many are deeply committed to making a positive impact on society and the environment.
These young entrepreneurs make sustainability a key priority. They are more likely than entrepreneurs from older generations to build businesses with sustainability as a core focus — whether that means reducing their environmental footprint or focusing on social causes. This shift toward impact-driven entrepreneurship isn’t just anecdotal. GEM data shows a significant number of young entrepreneurs taking real, measurable steps to create businesses that align with their values. With sustainability as their north star, young entrepreneurs appear to be simultaneously pursuing societal impact as well as profits.
However, it’s not all smooth sailing. While young people are leading the way in starting businesses, they are also discontinuing them at higher rates than their older counterparts. The discontinuation rate for 18- to 24-year-olds is 15%, the highest among all age groups. This is not surprising, given the challenges of inexperience and more limited access to capital. Starting a business is tough, and sustaining one is even more challenging. But despite these hurdles, the enthusiasm and energy that young people bring to entrepreneurship are undeniable, and with the right support, this generation has the potential to drive substantial change.
2. Tech gender gap narrows
One of the most promising findings in the GEM report is the narrowing gender gap in the technology sector. Historically, tech startups have been dominated by men, but 2023 saw a record-low difference in the number of men and women starting tech companies. The gap has narrowed to just 1%, with 8% of women compared with 9% of men launching businesses in the Information and Communication Technology (ICT) sector.
This is a significant step forward and reflects broader efforts to support more women technology startups. Still, it’s important to recognize that while progress is being made, continued focus on providing equal opportunities is essential to ensuring this trend continues.
3. Optimistic outlook for Black and Hispanic entrepreneurs
Another highlight from the report is the optimistic outlook among Black and Hispanic entrepreneurs. These groups showed stronger confidence in their entrepreneurial abilities and lower fear of failure compared to their white counterparts. Black respondents, in particular, demonstrated high levels of resilience and self-assurance, which is vital in overcoming barriers faced in starting and sustaining businesses. This optimism is encouraging, but there’s still much work to be done in assuring ecosystems offer equal opportunities for all aspiring entrepreneurs, regardless of their background.
Related: I Wish I Received This Advice as a Young Entrepreneur
A promising future
Reflecting on the key findings of this year’s GEM report, it’s clear that the entrepreneurial landscape is changing in meaningful ways. The rise of young, sustainability-driven entrepreneurs signals a future where business is not only about profit but also about making a difference. These young entrepreneurs are launching businesses at a time when the world is looking for solutions to some of its most pressing challenges — climate change, poverty and economic recovery.
Yet, to fully realize the potential of this next generation, there must be more focus on addressing the challenges they encounter. Young entrepreneurs need access to the right resources — whether it’s funding, education or mentorship — to turn their innovative ideas into sustainable businesses. The narrowing gender gap in tech is encouraging, but we must continue to foster environments that support women and other underrepresented groups in entrepreneurship.
The GEM report paints a picture of an entrepreneurial future driven by purpose, diversity and innovation. But it also reminds us of the work that lies ahead in making entrepreneurship more accessible and sustainable. If we can provide young entrepreneurs with the tools and support they need, we will not only see more businesses being created — we’ll see businesses that are making a lasting, positive impact on the world.
AFFILIATE MARKETING
These Are the Top Side Hustles to Work Less, Make More Money
In the best-case scenario, a side hustle could turn into a multimillion-dollar business that generates a passive income stream — but at the very least, starting a side gig could help pay some bills.
A new survey from personal finance software company Quicken shows that almost half (43%) of Americans with a side hustle, or an extra source of income added to a primary income, make more money and clock in fewer hours overall than those without a side hustle.
The three most popular side hustles pursued by those who work less and make more money were personal assistance (20%), cooking and baking (16%), and caregiving (16%). One in five people with side hustles said they were business owners, too, selling products online or offering services like photography.
The majority of people with side hustles (82%) said starting a side gig helped them financially, and kept them from living paycheck to paycheck. Most with side hustles (57%) had savings equal to at least four months of living expenses.
The survey also found that, for younger side hustlers, a way to an extra income doubles as a path to becoming more employable. 44% of Gen Z (born between 1997 and 2012) choose to start a side hustle in order to obtain skills for long-term careers, much higher than the overall 18% of Americans who started a side hustle with the same motivation.
Quicken conducted the survey online, gathering responses from more than 1,000 Americans.
Additional research on side hustles, released in August by NEXT Insurance, showed that three out of five people bring in less than $1,000 monthly in side income, while 22% make $1,000 to $10,000 a month, and 15% make more than $10,000.
Related: Starting a Side Hustle Should Come With a Warning Label — Here’s What You Need to Know