Starting an online business requires a lot less risk than investing in an office or store front. You can reach a wide national – sometimes international – customer-base and work from anywhere. With only a basic knowledge of website maintenance and a knack for communication, you can have an online business up and running in days. If you're ready to take the plunge into becoming an online entrepreneur, we've got 12 ideas to help you get off the ground.
1. Specialized retailer - An online store lets you reach customers all over that world and that means you can afford to specialize. Whether it's dollhouse furniture or organic dog food, there's an audience for everything. Using an web hosting service with an integrated shopping cart or e-commerce sofware, you can have your business up and running in days. Many vendors will even drop ship products to customers on your behalf which means you don't need to own a lot of inventory.
2. Social media consultant - Larger firms can hire an agency or full-time staff member to run their Facebook and Twitter accounts, but small businesses often have to take care of their own social media marketing. With so many other responsibilities, business owners may be too busy or overwhelmed to spend time coming up with a great social media strategy. As a consultant, you can help them determine the best tactics, posting schedules and content for their target audience. As their follower count grows, so will your business.
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