The internet has become part of our society in just about every possible way, and it has certainly revolutionized the way we do business. No matter the sector, buying, trading, and selling goes on every day with new companies and products emerging all the time.
The result is an incredibly competitive marketplace which often feels saturated with small, medium, and large organizations vying for visibility.
Surely, then, there is no more room for another online business? Not so. The truth is that there will always be room for more online businesses if there are entrepreneurs coming up with alternative business concepts and innovative services/products.
To inspire you on your journey to starting your own online business, this article explores the alternative ones which have risen to success in recent years.
The internet is a wonderful entity, but it can also be dangerous if we are not careful. There are cybercriminals and hackers working all the time to try and exploit individuals and organizations by accessing sensitive information. This has brought about a need for cybersecurity professionals who are essentially ethical hackers. A business will ask them to try and hack into their system so that they can identify their weaknesses before a hacker with criminal intent finds them.
In a world where we do a lot of our shopping online, we have replaced the experience of physically visiting a store to buy something and walking out with our new purchases. Instead, we experience a different excitement of clicking a few buttons and waiting for the delivery.
With subscription services, people sign up to receive a box of products through the mail on a monthly or quarterly basis. The products might be items they use all the time like vaping juices from ZampleBox — in which case, the service offers convenience and value for money — or luxury items, product samples, or mystery products.
Dropshipping and affiliate marketing
If you do not have the space to store stock but are interested in retail, a dropshipping business could be perfect. In this scenario, you create a website to sell products, but you do not stock the product. When an order is placed with you, you send this information to another company, either a stockist or manufacturer, who is responsible for storing, packing, and distributing the stock.
With affiliate marketing you create websites, posts on social media, and other digital marketing campaigns which promote another brand’s products or service. When you bring in a sale for the brand, you earn commission.
An increasingly popular career path is influencer marketing. People with a substantial social media following are paid to try, wear, review, and recommend products to their audience. Brands will approach influencers whose audience includes their target customers and pay them for their endorsement.
If you are technologically minded, creating apps and games can be a very lucrative business. When your app is designed you can promote it via blogs, social media, and other digital marketing techniques to encourage people to download the app. Some app creators charge for the initial download, others offer the app for free but then make money via in-game purchases and/or selling advertising space to other brands.