Most of the world is resorting to the internet for their means of daily living. Most jobs and businesses have migrated to it as well. We can say with certainty the internet is no small business and has grown vastly since the days of AOL. If you know how to properly invest you can almost virtually become a millionaire overnight.
We have decided to shed light on some of the most profitable businesses on the internet. Although you can make a healthy profit with online businesses, do not expect an influx of cash flow immediately. It will take some patience before seeing a return on most of what we have listed.
1. Online Gaming
The online gaming industry is a booming business with more than 1.2 billion people playing video games and 700 million of those people play them online. Hosting your own online gaming servers can make you a nice profit, but the logistics of hosting a server can be complicated. With companies like OVH Cloud, you can acquire dedicated servers for all different types of online games.
Popular video games such as Garry’s Mod, Team Fortress, Counter-Strike, and Minecraft all rely on OVH to host these dedicated servers and they provide DDoS protection. GMod hosting has been around for 16 years and is still a growing business. CS has been around for 20 years and is still growing with new add-ons to the game. These game servers are no small business.
2. Third-Party Logistics
Third-party logistics or 3PL is when a company outsources its elements of distribution, warehousing, and fulfillment services. This business is huge among eCommerce sellers because they need a place to store and a way to ship and fulfill all of their orders.. 3pl fulfillment services such as NewEgg is a booming business. In order to assist eCommerce sellers, they will rent space at their 3pl warehouse and help distribute their orders. These eCommerce businesses rely on these 3pls to send out their orders in a reputable timely fashion.
These fulfillment companies assist small businesses to help thrive. Outsourcing to a third party fulfillment company can help save a ton of money for small businesses. 3pl companies such as FedEx fulfillment and Amazon are among other order fulfillment services.
3. Digital Products
Selling digital products such as eBooks, music, and informational products has become a very profitable business on the internet. Depending on the product you’re selling, it can make you a huge profit, but it depends on how you decide to promote it.
Always remember two things: 1.presentation is everything when it comes to selling items on the internet, and 2. make sure you do your research. You will want to research your buyers and who your competitors are. Once you have done the research and you know there is a market for your item, then it’s time to get to work on marketing your items.
Freelancing has become a gigantic market on the internet since there are so many different markets for freelance. Depending on your niche, you can make great money being a freelance writer. You can write medical advice, law, reviews, finance, technology, health, and so much more.
With fierce competition within the freelancing community, you need to stand out with something unique. Rather than following the crowd, strive for perfection and you’ll be more likely to turn a healthy profit in the freelancing field. An important aspect of writing is finding topics that haven’t been covered by competing websites. So, if one website already covered the newest study on the effects of virtual reality gaming on mental health, reach out to another publication with a different angle rather than rewriting someone else’s article in your own words. A different angle will make you stand out.
5. YouTube Channel
YouTube is one of the most trafficked websites in the world of the internet. If you can find a niche that you can take full control of when making a YouTube video, you can become a sensation. There are different niches, such as tech and gadget reviews, so bear in mind that your niche is of your choosing. Video game streamers have made a mass following and these people are paid very handsomely for their views.
Make sure you do research before beginning a channel. You’ll want to be certain that you can beat out the competition before beginning. Treat your channel as if it were a blog, by updating your channel regularly with new content. Include keywords within all of your videos, tags, and subtitles because this is the way YouTube uses SEO or search engine optimization. You’ll also want to submit for AdSense, this is how you get ads added to your videos which will increase your revenue stream.