Best online business ideas to start now

Traditional businesses have a cause of concern in the shape of the online business model. The rapid growth of online businesses has either edged traditional businesses out of the competition or forced them to adopt strategic changes in operations. And to think of it, online business is a far more convenient option for any aspiring entrepreneur.

Almost every traditional business demands heavy investment and infrastructure. Imagine opening a financial consultancy firm in the busy business area in your town or city. Capital outlay is unavoidable, from office rent and furniture and fixtures to overheads. Online businesses like the IDFC FIRST Bank MyFIRST Partner Program, on the other hand, can offer a similar alternative career option to earn money online without any investment and help you earn Rs 50,000 and more every month from the comfort of your home.

But when you fiddle with online business ideas, you must consider a few things at the outset.

Suitable type of business 

Not every type of business may suit your preference and expertise. Someone interested in manufacturing would prefer to go for a traditional factory or plant set-up. If trading suits your skills, you can consider the online feasibility for the same. If you have your heart set on startup business ideas, an online business can be a realistic option. 

Investment requirement 

As mentioned above, your business choice will dictate the investment required therein. A factory, for instance, will require heavy investment. But if you have online business start ups on your mind, investment can be comparatively minimal. For example, to be an IDFC FIRST Bank MyFIRST Partner, you need no investment at all.

Earning potential

When you want to earn money online, you must also consider the future earning potential and revenue expectations. Digital startup ideas can have astronomical growth if they click in the market. IDFC FIRST Bank MyFIRST Partner Program offers a reliable second income source with unlimited growth potential and uncapped earnings, making it one of the most convenient and viable digital business ideas.

Online business ideas

Budding entrepreneurs planning to go ahead with digital business startup ideas can consider one of the many possible options.

Financial consultant 

You can provide financial consulting services like book-keeping, accounting, tax planning, business analysis etc., online. If you have the academic qualification and professional expertise in one or some of these skills, you can start financial consulting and earn money online. 

IDFC FIRST Bank's MyFIRST Partner Program 

Start with zero investments and enjoy uncapped earnings with the MyFIRST Partner Program. An innovative way of earning money, you can be a successful referral partner with this program. All you need to do is start referring personal loans to people in your network looking for financial assistance and earn 1.5% on every disbursal. The whole process is carried out online, and you also get to participate in IDFC FIRST Bank recognition programs.

Along with this, you also get support from a dedicated Relationship Manager and central helpline.

Ecommerce/ online store 

You can also use your unique digital ideas to open an online store. You can also earn Ecommerce revenue by posting products on third-party marketplaces like Amazon, Flipkart, and social media pages. You can use in-built analytics to monitor your business's performance and inventory position.

Affiliate marketing 

As an affiliate marketer, you can generate leads and traffics for other companies. You get compensated for your efforts by such companies for your contribution. 

Digital marketing campaign manager 

If you have the skills required for digital media planning and strategies, you can work as a digital marketing campaign manager. You can provide services like content creation, keyword research, evaluating analytics, managing the campaign, and more by identifying and discussing strategies and tactics and finalising the campaign methodology.

Blogging 

Bloggers can earn online either through their blog page or by writing for agencies and businesses. You can earn money online through your blog when you generate web traffic towards your blog. Blogging revenue can also be generated through ad networks like Google AdSense, Apple Advertising, Facebook Audience Network Ads etc. 

Language translation 

If you are adept in a popular foreign language, you have an earning scope. Due to the presence of multinational companies, language translators remain a necessity. A German company selling in Brazil will need to translate their product manual from German to Portuguese. You can look for such translation jobs or projects online. 

For most of these online income ideas, you can look for opportunities on online freelance and job platforms. Earning as an IDFC FIRST Bank MyFIRST Partner is one of the most convenient ways of earning online. If you have a good peer and personal network or even want to develop a professional network, download the MyFIRST Partner Refer and Earn App today and open up a window of unlimited earning opportunities and join the 2 lakh+ active users already benefitting from it!

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.