People that succeed in online business do two things very well:
First, they find and solve a problem.
Second, they put all their energy into marketing their solution.
But you may be wondering:
“How do I find problems that are solve worthy?”
I’m going to make it easy for you.
All you need to do is follow my proven modular verification method step by step in this guide.
Tip: Don’t forget to download the modular verification blueprint at the end of my post – however make sure to read the whole post or you will miss most of the benefits this method provides.
Find Online Business Ideas That Work
Before we dive right into the topic there is a point I genuinely want you to know and understand.
If you understand this one point right from the beginning you will save yourself thousands of dollars and countless hours of wasted time.
I know what I’m talking about because I completely messed up when I launched my first business.
Do you know what Twitter, Paypal, Groupon, Nokia, Flickr and Instagram all have in common?
You may think “What is he talking, they are all big companies?”
Let me explain.
The companies you use and see on big screens every day all made one crucial mistake.
They built something and couldn’t get their target audience to buy their products.
Imagine burning millions of dollars. Big piles of cash. Gone and nothing left.
However on the bright side they corrected their failure by pivoting, which means either developing your products in new directions or switch their whole strategy.
This is the only reason why they are so big today.
They got back on track by developing a problem solving solution for a ‘big enough’ reachable market!
Ok, a bit off topic but I bet you are also eager to know what they have been doing before they got big.
So here is a brief summary:
- Twitter was Odea which was a network dedicated to podcasts.
- Paypal was focused on payments for PDAs (you remember these things, right?).
- Groupon was a kickstarter for social goods.
- Nokia began as a Finnish paper mill in 1865 and created a wide range of goods until 1992, when they started to focus on cellphones. (They should pivot again today in my opinion)
- Flickr was an online role playing game with an integrated photo sharing option.
- Instagram was an extension to the game Mafia Wars (and included a photo element too).
“Ok ok I got it but that didn’t happen to say Nintendo, right?”
Well.. Nintendo made playing cards, vacuum cleaners, instant rice, was a taxi company and a love hotel until they gained popularity in 1966 with electronic games.
Avoid this one mistake and save thousands of dollars.
There is one mistake that is done over and over again by startups and aspiring entrepreneurs.
They are highly motivated (which is great and needed),
jump into cold water (you have to take risks, right?)
and build their first innovative product.
Why nothing? Where are all the customers? I’ll explain…
You know, even though I studied innovation management I’m very restrained of building big innovations. Because the truth is: most big innovations fail.
This is why:
For an innovation to succeed it needs to address and solve a problem within a big enough market to make it worthwhile.
We all have great ideas that may benefit people with similar problems. But are there enough people with similar problems to really grow a business out of it?
And even more why hasn’t anyone else built this solution yet?
The underlying truth may be: because there is simply no market.
So how do you know that there is a market?
Search for problems in areas that have competition. Don’t try to invent something from ground up. Build on something that already works and solves a problem. Even though you are not the only one in your market. You can still find a niche by doing it better or in another way.
What’s the bottom line?
You don’t need to have a great idea that nobody else had. You don’t need to be the first to be successful. You just need to be better than your competition. Have something customers choose over your competitions’ solutions (or additionally to them).
And even more: you can verify your solution before you build it and save thousands, millions or billions (depends on your budget) of dollars.
In the following chapter I’ll explain how you verify effectively and what’s so special about the modular verification method.
How you build a guaranteed successful online business – The modular verification method for entrepreneurs, startups and businesses
Now you know why most startups fail… but how do you avoid failure for your own venture?
The Step by step process outlined looks like this:
Step 1: Find a problem or search a problem in markets you know
In this chapter I’ll show you how you find proven problems within existing markets.
If you follow this step carefully you are already ahead of 50% of your competition.
First you need to identify a common problem.
If you don’t have any idea at all start by leaning back in your chair now and think of your passions and hobbies.
I’ll do the same and for the heck of this guide we will just stick with what I come up with even though your idea may be worth a million dollars.
Of course you will be able to go through this process with your own idea too (and should do it!).
Do you like to play chess?
I play chess once in a while and for whatever reason my first thought a moment ago was “chess”.
Are there any problems chess beginners or experts face?
I’m a decent chess player but I bet I have a lot of room to improve.
Then again I lack the time to play a lot of chess and better my game (because I’m busy running my businesses) <—- That’s a Problem
Also I don’t want to start each chess game from 0 and to be honest the first couple of moves are not that exciting <— Problem extended
Don’t worry if you didn’t come up with an business idea on your own until now. I’ll highlight a couple of idea finding processes later in this post and also list 15 proven online business ideas and opportunities with low investment that may hint you in a profitable direction. These business ideas are perfect for beginners, as they are already tested multiple times. Additionally all of them are home based business ideas.
But let’s go on with chess for now.
Thinking further this is a possible solution I just came up with:
Develop a chess challenge simulator that I can use on my smartphone while travelling. The chess challenge simulator provides different scenarios where I need to figure out the best moves.
Solution to problem: I can do it while travelling – I don’t need to reserve extra time.
Solution to extended problem: It only provides me challenging moves – I save time by skipping the start.
Ok, the inexperienced entrepreneur might think now “great let’s build it”. But not you, not me.
We know we have to take a few more steps to turn this into your best successful online business idea.
Is there a market for it? Is someone craving for our solution too?
Two steps that are so vital for entrepreneurs like you and me but often forgotten:
- Research your competition. Are there similar chess apps out there? Is this covered on another platform like a website? If you find similar apps that’s great! Then it’s very likely that there is a market!
- Research your market. Of course the chess market is big. There are lots of players. But you need to find the players with little time (like me) and describe them as on point as possible.
Create a buyers persona like “Arian, 40 years old, manager, travels a lot, plays tennis, decent chess players”. Now you also write down his biggest challenges “hasn’t got much time, is spammed with business inquiries, overwhelmed with decisions” and so on and so forth.
Now there is one big question that remains:
“Are there enough Arians out there?”
We will find out in the next step.
There is still one more small point left to address in this step.
Can you reach the market?
It’s not enough that a market exists.
Believe me I have been there.
I created a product (nearly a shot in the dark because I was inexperienced) and luckily there was even a market for it. I know that because I had 3 competitors that made it big during that time.
The problem for me was that I didn’t have any funding and utterly lacked the resources to actually reach my market and get my idea out there. I’m talking about my two sided business software marketplace Softarket (which I pivoted meanwhile into a “channel development service” and got a partner on board).
My successful competitors for the original idea are GetApp (Revenue ~10m+, had 1$ in funding 2011), g2crowd and Capterra (~14$m+).
Therefore we learned that you also want to make sure (=verify!) that you can reach your market.
Now on to step 2 to find out how you can verify desire in your solution – before you invest money and build it.
Step 2: Verify your solution before you even build it
This process is a vital one yet often overlooked.
If you go through it you are already ahead of 70% of startups.
In this chapter I’m going to show you how you can test if there are enough ‘Arians’ for your solution and if you can reach them.
Modularity – switch out pieces of your solution and test them to get the best solution possible.
Imagine you are still young and playing with Lego.
You know that your friends all like cool Lego castles.
You build your biggest castle and use all your Lego pieces, however after you finished your monumental structure you are not quite happy with it.
Now you could destroy your whole castle and start all over again.
But clever as you are you just start to switch out piece after piece until you are finally happy and ready to show your outstanding result to your best friends.
Clever entrepreneurs like us can implement this strategy to our businesses as well. Even more we implement this ‘piece for piece’ strategy BEFORE we even build our castle. We sketch the castle with different pieces and test the results by showing them to strangers. Are they cool? Which one do they like best?
I’m going to show you exactly how you can do that in real business life.
Verify your solution – easily sketch it out and start your tests.
This is the easiest way to test your solution for demand.
Step 2.1: Open a word file or pick up a pencil
You don’t need to do anything fancy now, just pick up something to write.
Step 2.2: Outline your idea in a couple of sentences
Don’t overdo it. Make it as short as possible while still making sure that you cover the important facts of your solution, so your target audience understands what you want to offer.
Step 2.3: Think of a nice descriptive graphic that supports your solution
People are drawn to graphics and visualizations because they ease the process of understanding concepts. Open Google, Pixabay, or another source of free images (click the link if you need more) and search for an image that delivers a “feeling” for your idea – or in other words: describe your solution with an image (whether it’s a photo or a drawing).
If you think of my chess solution the image may look like this:
Step 2.4: Build a simple Landing page
If you don’t know how you can build your own websites and thus landing pages you can use my beginner’s web design guide or simply hire a freelancer (I’ll show you how later in this post). It doesn’t have to look perfectly designed (of course it’s better if it does) but you need to make sure you get your point across.
Important note: Having a website that looks awesome (like the example I’m going to mention a bit later) will generate more leads and sign ups.
One important thing to understand is that every website conveys value. And I really mean EVERY website.
Just think of last time you were on holiday somewhere around the world and wanted to take your flame out for dinner. You didn’t know any good restaurant in that area, so what did you do?
You fired up Google and opened the first restaurant websites that popped up. And before you even recognized it you already EVALUATED all the restaurants based on their website. You had no clue if their cooks were even capable of cooking. But you already picked your favorite restaurant to take your flame out. After that you went through a couple of restaurant reviews about your #1 pick and because there was nothing shocking in it, you took your finest pair shoes and enjoyed a fabulous night.
What you didn’t think of: During the time you chose your go-to restaurant there was a though battle going on for your top evaluation spot. Only one restaurant got out on top and made the sale. Every other restaurant in this area lost – simply because of their website. This is how important AWESOME websites are nowadays.
I even talked to a CSO from a medium sized Austrian company (about 250 employees) and he told me that their website was their single most important salesman. He knew what he was talking about because he had it all researched and backed up with data.
Back to topic.
The landing page consists of three things: Your description (text), your descriptive image (image) and an opt-in where people can leave their email address if they are interested. I recommend to attach a small bribe to your opt in. This can be a special coupon for your launch (“early adopter bonus – get 20% off of our product”) or exclusive insights into your product development. This bribe ensures that interested visitors leave their email address.
Before you can start building your landing page you need a domain (your “www.xyz.com” address) and a web space where you can store the files of your landing page. (If you want to learn more about this setup process read my detailed beginner’s guide).
The detailed process for your own domain:
Choose a web host like inmotion hosting (they are awesome! My blog is also hosted by them and you get a discount if you use this affiliate link from me where I earn a couple of cents to maintain the blog)
Choose the “business hosting” package
Now simply confirm your selection.
Enter your preferred domain in the search bar: “mychesschallenges.com”
Enter your personal details and submit your order. It normally only takes a couple of minutes until your account is set up.
Now you also want an email marketing provider that stores the email addresses for you, sends out your newsletters and provides you with all kinds of analytics. There are a couple email providers out there. I personally went with ActiveCampaign (after trying GetResponse) and I love them for their intuitive user interface (the best one out there) and their feature richness while still being reasonable priced.
You have two options to create your landing page:
Option 2: Have someone build it for you. If you want to get this done quickly hop over to a freelancing site like freelancer.com or upwork.com, create a new account and open a new project for freelancers to bid on.
The text for your project may look like this:
Hi, I need a sleek landing page designed in WordPress.
It needs a simple email opt-in box which is connected to my Email Marketing Service “ActiveCampaign”, a short project description text and an image (either a background image or near the text).
Please send me reference landing pages you created.
Also put the code: B349 at the top of your reply, so I know that you read my project description.
The last sentence is to check if the freelancer read your project description. Some freelancers just reply with their canned response without reading descriptions.
You will get landing page offers from decent web designers for less than 500$.
If you bought your landing page from a freelancer he will most likely deliver you html, php, css and js files in a folder. Upload this folder with a ftp program like WinSCP to your web server’s root directory. (so your landing page can be reached like mychessgame.com). Ask your Freelancer to help you if you are not sure! In return you provide them with a 5 star rating for outstanding support and you got a Win-Win.
You can also agree with your freelancer that he sets up a WordPress installation for you on your web server and builds a landing page within your WordPress system. Your advantage of having a landing page built in WordPress is that you can edit your landing page in a user friendly environment. This is far easier than editing HTML, CSS and JS files. If you need an introduction to WordPress download my Beginner’s Guide.
To give you an idea of how well designed landing pages look like, here is one of the best landing pages I came across (findmarcopolo.com):
You can also show this example to your freelancer, so he knows exactly what you want.
There are a couple of reasons why I like this page:
- It’s so damn simple – I understood the idea in a matter of seconds.
- It’s so damn short – some landing pages go really long but this one is right on point.
- It’s so damn beautiful – As I said, one of the best landing pages I came across.
Of course you don’t want to copy it 1:1.
You need an email opt-in instead of a button to the Apple app store!
Here is an example how it can be designed (from my own course page).
When your landing page is set up we get to the real evaluation.
Don’t be too afraid of this step. I’m afraid of it too but that’s natural. People will judge your idea and you will get the results as data, whether they are good or bad.
However one important thing to remember: there is no this one idea. You have and will have thousands of ideas, you can adapt ideas and move on to your next ideas. That’s part of the process. Your first idea will rarely be your million dollars idea.
The sweet thing about the modular verification is that you don’t trash your whole idea as soon as you get bad test results (= not enough people opted in with their email).
You will switch some Lego pieces and test your altered idea. And then again. And again. And then you find something that works.
BOOM! You just found a solution for an existing market and they are craving for you! And even better you didn’t even needed to waste your time and money building products and features that nobody wants!
But I’m getting ahead of myself.
Our next steps are to set goals, drive traffic and evaluate our idea.
Step 2.5: Set your verification goals
This is one of the most crucial steps to evaluating your best online business idea.
How do you know if your business idea is viable or not?
Set goals before you start your tests.
The best metric to measure your idea’s success is conversion.
Conversion equals amount of reached objectives versus total amount of samples.
Let’s break this up.
Our idea is mychesschallenge.com and we created a landing page with an email opt in.
Our main metric is conversion: how many visitors sign up to our email list versus how many visitors visit our landing page in total.
Still we need to set a goal to gain advantage of our set metric.
And now it gets tricky.
Setting intelligent goals is vital to your success.
There are many ways to set your own goals.
However one way is particular helpful to me:
Return on scaleable investment. (ROsI)
Return on scaleable investment provides you a clever foundation
How many percent of my visitors need to sign up to cover my visitor acquisition cost plus my individual profit margin. I like the term ROsI because having a scaleable investment in visitor acquisition gives you better outcomes in the long run (versus a one time investment, like a one week partnership with a site that drives you traffic).
You don’t need to set your profit margin sky high. Remember this is just the lower limit that needs to be reached to confirm that your idea is viable. E.g. set it to 10% of your visitor acquisition cost.
The more people sign up the higher your real profit margin will be.
I keep my visitor acquisition cost simple for first calculations:
I only calculate the variable costs – costs that can be directly correlated to one visitor. For example in terms of Facebook ads to drive traffic to my landing page I calculate the ad cost per visitor which is most often something between 2 cents and 30 cents. For calculation purposes I choose the upper end, 30 cents. Fixed costs like server, office and so on don’t show up in my verification goal calculation. If you want to be as accurate as possible include your fixed costs too. (e.g. sum them up and divide them by your total amount of visitors you plan to have in your first “live” month).
In short: Conversion Goal (in %) = (Cost of visitor acquisition + Individual profit margin) / 100
Step 2.6: Drive traffic to your landing page and evaluate your solution
We are getting closer now.
As our next step we need to get our target audience (our test subjects) to our landing page.
How do we do this?
There are infinite ways to get traffic (= visitors) to your website, however you most likely want to get your traffic quickly to get actionable results.
To do this I figured out one way that does this better than all others:
Facebook Ads. Yes you need a couple of dollars to invest now but there is no better way to drive targeted traffic to your website IN A COUPLE OF MINUTES! No month long preparations and executions. You can have highly targeted traffic right now through Facebook ads.
However there are a couple of steps to mind, so you don’t waste your money on Facebook while getting little traffic.
In this step I’ll show you exactly how you can set up your Facebook ads so you get highly targeted real traffic that is primed to evaluate your solution.
Facebook Ads – Get targeted traffic right now for a couple of cents
Pro Tip: Facebook Lead Ads
End of last year Facebook introduced their lead ads.
They are insanely good if you want to achieve one thing:
Why are they so good?
Because it gives you an even faster option to test quick and dirty by skipping the landing page.
Let me explain.
Facebook Lead Ads are similar to normal Facebook ads in look and appearance. However if a user clicks on it they are not forwarded to a website or Facebook page. Instead a form pops up on their page where they submit their details (like email, name and so on) and even answer some questions if provided. You can manually define which details you want submitted and which questions (up to 3) you want to have answered.
The only downside: You can’t present your product the way you can on your own landing page. So all the glamour and glitter is missing.
Thus my recommendation is: Use Lead Ads for quick and dirty verification and re-verify promising module combinations with an extra landing page.
Facebook Lead Ads are set up similar to normal Facebook traffic ads with a few exceptions:
Right at the start you select “Collect leads for your business”
Right before you submit your order you create a “Lead Form”
Set your form fields and optionally add custom questions
Step 3: Move the pieces and find your working list of best business ideas
So we got our mylegochallenges.com results.
Chances are high people are not really interested.
Why do I believe so?
Because it was my first attempt to solve the problem.
This is when modularity comes into play.
Instead of saying something like “the whole chess market is shit I’m moving on” we divide our solution into pieces.
The results are following different parts:
- “vs computer”
And so on and so forth. You can brainstorm even more parts of my solution.
The next trick is to mix these up.
For example people may not be interested in challenges vs computers. But hey, maybe they like challenges versus players?
You can develop challenging situations where 2 players play against each other to win these.
Or you can skip the challenges and create guides instead? Maybe even just create video guides?
You switch all these little parameters and create unique new products.
You may also add parameters or remove them completely. For example maybe your target audience wants an app to play vs computer that attributes scores to each move (to measure your progress).
Also maybe there are no other Arians out there with little time that want to improve their chess game by doing challenges.
After you put together your next idea (your “thesis” you want to test) you can simply copy your landing page and move it in a subfolder like mynextchessgame.com/mynewversion.
Now repeat the steps for setting up your Facebook Ads to evaluate your new idea.
You already noticed, you can’t evaluate effectively completely for free, but by verifying you save infinite more time and money that you would need to invest to build all different solution ideas.
My recommendation is:
If you want to save money, build as much as you can on your own, including your landing pages, websites, prototypes and products. However as soon as you found something worthwhile, focus on the core parts of your business and start to outsource the rest. Your time equals money in the end.
GREAT! You just went through the modular verification method and by applying it will save insane amounts of time and money for your future ventures!
As promised in the beginning here are some additional techniques that help you find problems and create solutions for them.
Finding your best business idea to test, adapt and launch
Alright, we have gone through a lot of chess matters today.
In this section I’ll teach you how you can find your own business ideas – naturally and systematically.
But before I do I have a question for you:
“Have you ever been doing something and suddenly had this great idea which was completely unrelated to the thing you were doing?”
We are often the most creative when we are not “in” a topic but while relaxing our mind.
This is also partly a bad news because you can’t “control” this type of genius idea generation. Instead you have to let it happen. This is natural idea creation.
On the other hand you can also force creativity.
There are a couple of systematic idea generation techniques that produce great results.
In this post I’ll feature my favorite 3.
Brainstorming – Get a storm of ideas with ease
Alright, you know brainstorming right?
However there is one truth:
The majority doesn’t use it.
Here is a step by step guide to brainstorming. And if you are wondering why I like it:
It’s efficient – you can get great unique business ideas within a minimum time investment.
- Pick up pen and paper lean back and make yourself comfortable.
- Think about the problem you want to solve.
- Write your thoughts on your paper – no matter what.
- Collect 10-20 thoughts.
- Read your thoughts and mark the most relevant ones.
- Repeat until you found a couple of possible problems and/or solutions.
The one major difference to natural idea creation is that your produced idea will be purely focused on your topic. Ideas and solutions you create during natural idea creation are often connected to other topics, simply because your mind is not focused on one thing.
Bionics – Use the world’s best problem solving machine
Bionics is not just another systematic creativity method but has one unique awesome twist.
The results are close to natural creativity.
And here is how:
Instead of just focusing on your problem’s topic you think outside the box and connect your problem to the greatest solution machine on earth:
“Ok sounds great Arian but how do you connect chess to nature?”
The answer is simple yet the execution needs some practice:
You look for similar problems nature had and how nature solved it.
Here is a step by step example:
- Let’s remember our problem: Arian wants to improve his chess game however has little time.
- Now we look for similarities: For example little baby birds need to learn how to fly and to be able to survive, they need to learn it fast.
- We analyze how baby birds learn to fly: Their main motivation is food. When they are young their mother drops the food directly in their mouth. However as they grow older the mother drops the food further away, forcing the baby birds out of their nest. Sometimes they will fall to the ground until they eventually learn that they can spread their wings to ease the drop. The reduction of pain is their positive reinforcement. Thus they gradually learn how to fly.
- Now we think of ways to implement this into our chess app: Gamification. Positively reinforce success so we get better faster.
Of course we are not done yet.
We switch back to our modular verification method and test the assumption that gamification is something cool. We integrate a gamification feature on our landing page or even let visitors rate the importance of this feature.
Synectics – Solutions are all around you
Synectic is another awesome creativity tool that enables out of the box thinking.
It is quite similar to Bionics however there is one major difference.
Instead of thinking of nature you think of science and how other people solved similar problems.
Let me describe this.
- Our problem is still the same: Arian wants to improve his chess game and has little time.
- We search for similar problems: Did anyone else want to learn something and had little time?
- Of course: I just remembered an app that taught people to play guitar.
- Now we download one popular “learn to play guitar” app and look for features that we can implement in our app.
And again we are not done yet. We still have to make sure that our target audience (“Arians”) like all these features that guitar students like too. Therefore we include them in our landing page, drive traffic through Facebook ads and compare the results.
Want to read more about creativity techniques?
If you want to get more creativity methods to try and use head over to my blog post about this topic.
Already Proven Online Business Concepts
Here are some suggestions for you to consider when searching for an online business opportunity.
These are some of the best online business concepts on the market today, and depending on your skills and expertise, a lot of them can work for you too, if you adapt them correctly for your topic and use the modular verification method!
Affiliate Marketing – Sell someone’s products
You’ve probably heard of affiliate marketing before, and if you’re like me, you probably had no idea what that actually meant. There are people out there that are making some serious money from being an online affiliate. Basically, an affiliate store is a web store where people purchase items, but through a third party.
Amazon is one of the most popular affiliate sites in the world, but their commissions are much lower than some other alternatives. Do your research and you’ll find that there are some great affiliate options that let you earn a lot more than Amazon does!
Train, Mentor, Coach – Transfer wisdom for money
Have you built up a lot of skills in your previous, corporate life, and now you’d like to impart them to the next generation of office-dwellers? Wouldn’t it be somewhat satisfying to do this from the comfort of your own home, or while sipping a cold beverage on your deck? Well, maybe you should consider being a trainer, a mentor, or a coach.
What you should do is take the skills you’ve acquired, put together a program, and market it online. If you’re bilingual, maybe you should teach a language to someone. If you’ve got years of experience working in marketing in the corporate world, why not offer marketing training to people who are breaking into the industry? If you’re a great writer, you could offer online writing courses. Or maybe you’re just unbelievable at life. If that’s the case, consider being a life coach.
The possibilities here really are endless.
Freelance Writing – Earn with each letter you write
Have you always been a good writer, but you’ve been doing something else professionally? Were you the person in college that all your friends turned to when they needed their papers proofread and edited? Have you always written personal blogs and websites on the side while you trudged away at your office job? Well, maybe you should consider a career as a freelance writer. There is lots of demand out there right now for good quality content. You’d be surprised how many people, even great communicators, can’t write, and these people need to be able to get their ideas across using the written word. You could possibly fill that niche for them.
A freelance writing career can take a number of different directions. Maybe your preference is to work more on the journalism side. That’s great, there are lots of publications, online and print, that need high-quality writing and amazing story ideas. If you’re a marketing expert, maybe copywriting is a better solution for you. Help people to sell their products and services with your creativity in language. Maybe you’d prefer to just write websites, about us pages, and help people get their messages across more clearly. All of these things can be done from anywhere, anytime, online.
You can also consider becoming a blogger if you want to take on a freelance writing career. Starting a blog doesn’t take a whole lot of work (writing for it and maintaining it does), and if you do it right, you can turn it into a source of revenue. There are a few ways that you can make money from your blog, including AdSense, selling banner advertisements, or adding some affiliate marketing links (see above!). The key thing that you need from your blog in order to make money, however, is a strong readership base. Make sure you’ve got great content that people want to read, get people coming to your blog on a regular basis, and you just might be able to get enough traffic to make a full-time income from it!
Design And Market Websites – Make the web a better place
Everyone and their uncle needs a website today. If you don’t have a website, you’re behind the times. If you’re running a business and you don’t have a website, you’re stuck in the stone age (circa 1998). However, a lot of business owners have no clue – not only how to build a website, but how to make effective use out of it and make it a productive source of traffic and revenue for their business.
If you’ve got some web experience, or you’re willing to learn, this can be a great option for you. You don’t even need to be an expert. If you’ve got some basic knowledge, and you’re technologically inclined, it’s not that hard to learn how to build websites, and it’s also possible to outsource some of the more highly-technical work to people who can help you out.
Once you’ve built a website for a business, then you get to work on marketing it and making sure that the website serves its purpose, driving buyers to the business. Regardless of the product or service that the business is selling, a great website combined with great marketing is a huge asset in the world today. There aren’t enough people that can do a really good job of this, so maybe this is a niche that you can consider.
Financial Service Consulting – Teach others to get rich
Do you currently work in financial services? Do you hate wearing a tie every day and dealing with other peoples’ money? Would you rather have the potential to do what you’re doing from wherever you want to be, and have huge upside in your job to be able to make some real money for yourself? Maybe you can consider starting a financial services consulting firm.
Financial services are something that everyone needs. No matter the business side, there is always a demand for skilled people in the financial world to be able to help them with all kinds of projects. A lot of smaller businesses need people only on a contract basis to help with the books, as they aren’t in a position to be able to hire full-time staff. Even larger businesses have lots of opportunities over the course of the year for contract work as well.
As long as money runs the world, there are going to be opportunities for people who are experts in helping people deal with their financial matters. If this sounds like you, maybe it’s time to break away from the corporate chains and start your own financial business.
Social Media Management – Create likes and shares
Businesses clearly understand the importance of social media in today’s world. It’s almost hard to imagine the business world today without social media. Facebook, Twitter, Instagram, Pinterest, and so on are all important parts of the success of any modern business. However, not only do many businesses not have the expertise to make the most of their social media platforms, they often simply don’t have the time, either.
A lack of time and expertise for social media isn’t exclusive just to small businesses. Even medium and larger-sized businesses struggle to keep up, let alone get ahead of the game. So they often contract people to run their social media for them. If you’ve got some writing ability, some creativity, and some marketing background, you can learn social media. If you’ve worked with social media at a previous job, even better. Why not market your social media skills to businesses that need help with their projects and run their online marketing programs from wherever you happen to be?
Killer-Apps – Build smart stuff for smart phones
If you’re an IT person with some expertise in coding, and a flair for creativity, you could consider starting a business and put your technical knowledge to more use. Or, maybe you’ve got some friends or colleagues who have great ideas and marketing abilities, but you’ve got the coding talent to put it all together. Join forces and create the next app that will take the mobile world by storm! Be aware however, that each app marketplace has its own ecosystem and rules. Study them carefully before moving in!
Project Management – Let others do the work for you
Think about your current or previous job. Are you always managing teams of people toward a common goal? Do you have to have a little bit of knowledge in all kinds of areas in order to make a project come together and achieve success? Are you able to get the best out of people, work on tight deadlines, and work well with clients and customers? Turns out, you might already be a project management expert, and maybe you can consider starting a project management company.
The advantage that a great project manager has is that they often don’t have to do a lot of the hands-on work themselves. Large percentages of a project can be outsourced to all kinds of professionals, and the project manager needs to just ensure everyone is on task, that the customer’s needs are met and that everything gets done properly and within budget.
Project management can also be done from anywhere. Your home office, your coffee shop office, your patio office… whatever works for you, as long as you can work there, you can manage projects. Businesses are always looking for people just like you, so consider doing it on a full-time basis.
E-Commerce Stores – No brick but data benefits
Let’s not forget that in today’s world, you don’t need a traditional bricks and mortar store in order to be able to sell your products. Online shopping continues to gain in popularity, and there’s really no end in sight to the trend of people doing a lot of their shopping on their computers, their tablets, and their phones. Whatever you’re trying to sell, chances are there’s someone out there who wants to buy it. The online marketplace is a lot bigger than any physical store can reach, and the potential for profit is significant.
So, that said, if you’ve got a product that you want to sell, why not start an e-commerce store? There are a number of great platforms that you can use to sell your stuff. Of course, eBay is one of the oldest and most well-used platforms out there, but there are tons of other options. Amazon, Etsy, and Shopify are three that come to mind right now, for example.
Overview – All 9 online business concepts in one place
More creative website ideas you can steal right now
But what if…
You still don’t have a clue what business idea you want to verify and launch first?
Don’t worry, I got one more ace in my sleeves.
My blog post about 15 creative website ideas you can copy and steal right now! I won’t call the cops, pinky promise!
Ready to start? My free Modular Verification Method Blueprint will come in handy
Build and market your solution
You found a product with a market and you can reach your target audience.
Now it’s time to build your first prototype.
When it’s done you write an email to your landing page email list that your product is ready to be tested.
Remember: they are already interested in your offer, so you HAVE TO write to them – it would be mean not to!
This will lead to a great amount of sign ups and feedback that you further use to improve your product.
Congratulations you just founded your first successful online business.
Now it’s time to market your solution, improve further and scale it to heaven.
But that’s another story.
Here’s your next step:
Write fearlessly in the comments if you ever build something that no one wanted. I have gone through it, I have been there. Let’s share these moments so we can learn!
Also write me in the comments if you have taken a similar approach to the modular verification method and if it worked. What you liked best about it and what you would improve.
Leave a comment and let us know.
P.s.: Don’t forget to share the post, if you like it! I appreciate it!