8 BEST Online Business Ideas to Start NOW (HOW TO START)

Summary

Isabella, a successful online entrepreneur, shares eight lucrative online business models to start in the current year, emphasizing their potential to generate $274 daily. She highlights the ease of starting these businesses with minimal investment and the power of technology to enable global reach. Isabella offers free courses for each model and introduces her new community, Baddies and Business, designed to support and guide individuals in discovering and growing their ideal online venture.

Takeaways

• 💰 To earn your first $100,000 online, aim for an income stream of $274 per day, which is more achievable than you might think with today's technology.
• 🌐 The speaker, Isabella, suggests that most of the online businesses she mentions can be started with little to no initial investment and can be managed from anywhere in the world.
• 📈 Isabella has grown two six-figure earning online businesses in less than a year and is passionate about sharing her journey and inspiring others through her YouTube channel.
• 📚 The video offers a free course for each of the eight online business models discussed, providing a valuable resource for viewers to learn more about starting their own businesses.
• 🔖 Digital products are recommended as a beginner-friendly side hustle with high profit margins and the potential for passive income over time.
• 📷 User Generated Content (UGC) is highlighted as a growing trend where brands seek real people to create content and test products, offering opportunities for income without the need for a large social media following.
• 🎥 YouTube automation is presented as a lucrative opportunity where faceless channels can generate significant income through stock footage and voiceovers.
• 🔑 Affiliate marketing is introduced as a way to earn money online by promoting other people's products without the need to start your own business or hold inventory.
• 🛍️ Dropshipping is a recommended e-commerce model where you act as a middleman, avoiding the need to hold or ship inventory yourself, and focusing on sales and marketing.
• 👕 Print on demand is an ideal business model for those wanting to sell custom products without holding inventory, with a wide range of products like clothing, mugs, and more.
• 🛒 Starting an inventory-based e-commerce store is described as a way to build a community around your business, offering full control over product quality, shipping, and branding.
• 📝 Content creation is emphasized as a powerful online business model, where niche-specific content can be monetized across multiple platforms, even without showing your face.
• 🔄 The importance of mastering content creation and understanding social media algorithms is stressed as a key to success in any online business venture.
• 🔄 Consistency and the ability to pivot when necessary are highlighted as crucial for entrepreneurs, along with the importance of gaining knowledge and education in the chosen field.
• 🤝 The launch of 'Baddies and Business' community is announced as a supportive environment for entrepreneurs to connect, share strategies, and grow their businesses together.

Q & A

What is the daily income goal mentioned in the video to make the first $100,000 online?

The video mentions that to make the first $100,000 online, one needs to have an income stream that makes approximately $274 per day.

What are the key characteristics of the online businesses suggested in the video?

The online businesses suggested in the video can be started with minimal or no initial investment, can be operated from a phone, and can be managed from anywhere in the world.

Who is the speaker in the video, and what is their claim to fame?

The speaker is Isabella, who claims to have grown two six-figure earning online businesses in less than a year and is now a millionaire in her 20s.

What is the role of the YouTube channel mentioned in the video?

The YouTube channel serves as a primary source for free education, offering insights and courses on various online business models.

What are the types of digital products that can be created and sold online according to the video?

The video suggests creating and selling digital products such as ebooks, PDF guides, printables, templates, planners, recipes, courses, tutorials, consulting services, games, and more.

How does the video describe the user-generated content (UGC) business model?

UGC involves creating content for brands without necessarily showing one's face or having a large following. It's a beginner-friendly side hustle where influencers can charge brands for content.

What is YouTube automation mentioned in the video, and how does it work?

YouTube automation refers to running a YouTube channel that generates content without the need for the creator to appear on camera. It often involves using stock footage and voiceovers to create videos on various topics.

What is affiliate marketing, and how can it be used as a side hustle?

Affiliate marketing is a method of earning commissions by promoting and selling other people's products. It allows individuals to gain sales experience without the commitment of running their own business.

How does the video describe the dropshipping business model?

Dropshipping involves acting as a middleman between the buyer and the supplier, handling sales while the supplier ships the product directly to the buyer. It allows for entry into e-commerce without holding inventory or handling shipping.

What is print on demand, and how can it be used to start a business?

Print on demand is a business model where products like shirts, hoodies, mugs, and more are printed as orders come in, eliminating the need for holding inventory. It's suitable for those wanting to start a clothing brand without the commitment of stocking products.

What advice does the video give on content creation and niche selection?

The video advises content creators to niche down and focus on one topic, whether it's cooking, pets, or math equations. This focus helps in building a solid audience and monetizing the content effectively.

What is the final announcement made in the video about a new resource?

The final announcement is about the launch of a community called 'Baddies and Business,' designed to help individuals discover the perfect business model and provide support, guidance, and resources for entrepreneurial success.