E-commerce is one of the easiest ways to make money today. However, with so much competition, making your mark as a new e-entrepreneur is one of the biggest challenges. In addition to the desire to start an online business, you will need a brilliant idea. Deciding on what to sell online is a strategy in itself. A product will influence every other business decision you make, so you have to get it right from the very beginning.
- Niche E-commerce
While selling products online, you need to narrow your focus on a niche. This lets you focus on only one subject both in the products and services you offer and marketing efforts. In an ideal world, your e-commerce venture will match up with your personal interests and area of expertise. However, it may not always be the case since you have to factor in the hottest trends in your target market. Focusing on a niche makes you the go-to expert on the niche and gives you a high ranking on Google.
- Using Your Own YouTube Channel to market
YouTube is a powerful moneymaking tool. Top “YouTubers” make millions each year. You don’t need millions of views to make money on YouTube; you only need to create and share valuable videos on your channel. There are so many niches that you can dive into to make money on YouTube. Some ideas include reviews, how-to’, comedy, unboxing, travel, music and many more.
To make money on YouTube, you will need to set up your YouTube channel. You can then begin uploading videos consistently keeping a schedule so that you can build an audience. Make good quality videos with accurate descriptions. Market your channel on various platforms including email and social media to build up your views. After acquiring a substantial viewership, you can monetize by allowing YouTube to include ads on your videos. You will be paid every time a viewer clicks on an ad.
- Selling Ebooks
The digital revolution has completely transformed the publishing world. Traditional publishing on paper is quickly dying out and being replaced by eBooks. EBooks can be easily purchased online and downloaded to a computer or mobile device. This convenience makes them more preferable to traditional books.
EBooks can be novels, a collection of essays or blog posts, how-to guides, lectures, etc. As a solo entrepreneur, you can sell eBooks easily from your website, online store or social media platform. You don’t have to be a big name publisher with deep pockets.