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25 successful online business ideas for 2024

SkillsCategory
24 min read
Stacey Hartman

In today's fast-paced digital world, the allure of starting an online business has never been greater. The ability to work from anywhere, cater to a global audience and enjoy the flexibility of being your own boss are just a few of the many reasons aspiring entrepreneurs are exploring online ventures. However, with so many possibilities at your fingertips, choosing the right online business idea can feel like a daunting task.

Don’t fret, we’re here to help.

In this guide, we've compiled a list of 25 diverse online business ideas that cater to a variety of interests and skill sets. Whether you're a seasoned professional looking to transition into the online space, or a budding entrepreneur looking for the perfect opportunity, these ideas will inspire you to take the leap and start building your ideal online business right away.

Related: Discover how to start a small business.

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25 online business ideas that you can start today

Here are the 25 online business ideas that we’re going to cover:

  1. Provide content editing.
  2. Launch dropshipping business.
  3. Develop an ecommerce store.
  4. Produce podcasts.
  5. Offer translation services.
  6. Construct niche websites.
  7. Revamp and update websites.
  8. Sell handmade products.
  9. Design a training program.
  10. Create a YouTube channel.
  11. Provide ghostwriting services.
  12. Do voiceover work.
  13. Stream videogames.
  14. Sell 3D-printed items.
  15. Offer social media management.
  16. Become a freelancer.
  17. Curate subscription box service.
  18. Buy and sell domain names.
  19. Provide accounting services.
  20. Offer travel planning services.
  21. Do resume writing.
  22. Become a life coach.
  23. Teach online classes.
  24. Provide technical support.
  25. Operate online community management.

Ready? Let’s go.

Editor's Note: Check out our guide on how to make an LLC.

Disclaimer: This content should not be construed as legal or financial advice. Always consult an attorney or financial advisor regarding your specific legal or financial situation. 

1. Provide content editing

With the rise of AI-generated content, the need for careful and thorough content editors continues to grow. 

What it involves

Content editors spruce up content, fact-check, and give content suggestions, as well as correct grammar and punctuation. They also explain writing ideas in simple terms for non-writers.

Skills needed

Writing, copy editing, and proofreading experience. Strong attention to detail.

Equipment required

A computer and reliable internet connection.

Possible earnings

A content editor earns an average of $26 per hour, with ranges of $21-38 per hour depending on location.

2. Launch dropshipping business

Dropshipping is a great way to get started in ecommerce without having to manage your own inventory. 

What it involves

Dropshippers operate an online store, selling products without holding inventory or handling the shipping process. They partner with suppliers who fulfill orders on their behalf, allowing the dropshipper to focus on marketing and customer service.

Skills needed

Ability to identify a profitable market segment. Create a strong marketing plan. Source reliable suppliers. Provide solid customer service.

Equipment required

A computer, reliable internet connection and dropshipping website.

Possible earnings

Depending on niche/market, dropshippers can make $1000-$3000 monthly.

Note: If you need a seamless way to accept payment online, GoDaddy Payments is a great tool.

3. Develop an ecommerce store

Person taping custom packing tape to a small box

If you’d rather sell your own products instead of dropshipping, opening your own ecommerce store would be the next logical step.

What it involves

Ecommerce store operators need to effectively manage their online platforms, manage product inventory, and ensure a seamless customer experience. Additionally, they must implement strategic marketing and customer service efforts to drive sales, build customer loyalty and maintain a strong online presence.

Skills needed

Skilled in digital marketing, including SEO, email campaigns, and social media to promote their store. Web design and development skills. Ability to conduct product research and inventory management to identify profitable items and maintain accurate stock levels.

Equipment required

A computer, reliable internet and an online store builder.

Possible earnings

Earnings for ecommerce stores vary widely, but a 10% net profit is considered to be an average profit for ecommerce stores.

4. Produce podcasts

Podcasts continue to grow in popularity and, with a relatively low barrier to entry, the possibilities are numerous. 

What it involves

Podcasters create and distribute episodic digital audio content, often focusing on specific topics or themes, engaging listeners through storytelling, interviews or discussions. They also manage the technical aspects of recording, editing and promoting their podcasts, building an audience and fostering a sense of community among their listeners.

Skills needed

Strong communication and storytelling skills. The ability to engage and connect with their audience through compelling content. Must have technical proficiency in audio recording, editing, and publishing software. Marketing skills to promote their podcast.

Equipment required

Quality microphone, headphones, recording software, camera (if doing video), computer, strong internet connection.

Possible earnings

Depending on audience and monetization, podcasters can earn anywhere from $300-5000 per episode.

5. Offer translation services

Language translation is a specialized field, but is one that can be easily performed online. 

What it involves

A language translator converts written text from one language to another, ensuring that the meaning, style and tone of the original content are accurately preserved.

Skills needed

Possess a deep understanding of the source and target languages, as well as cultural nuances. Strong grasp of grammar and syntax. The ability to accurately convey meaning and tone.

Equipment required

A computer and reliable internet connection.

Possible earnings

A language translator can expect an average of $33 per hour, with ranges of $21 to $48 per hour.

Note: You can still take payments even if you don't have a website for your translation services. Check out how to create a payment link with GoDaddy.

6. Construct niche websites

Multiple computers on a light-toned wood desk

Niche websites are websites intended to cater to a small segment of a large market by focusing on a specific interest.

What it involves

A niche website developer designs and builds websites that target a specific audience with a shared interest in a particular subject. They create user-friendly and engaging content, ensuring the site's layout and features effectively address the unique needs and preferences of the niche market.

Skills needed

Strong web development skills. Keen understanding of user experience and interface design. Deep knowledge of the targeted niche market. Ability to create engaging, audience-specific content that resonates with users.

Equipment required

A computer and reliable internet connection.

Possible earnings

Web developers earn a median salary of $77,030 in the United States, with freelance web developers typically earning twice that.

7. Revamp and update websites

The internet has been around for a long while and older web technologies are rapidly becoming outdated. Offering web redesign services is a valuable online business idea.

What it involves

This job is similar to the previous listing, but someone providing website update services will need to assess the current site's layout, user interface and overall design to identify areas that require improvement or modernization. They will then create and implement a refreshed design that adheres to the latest web design trends and meets the specific goals and objectives of the website owner or business.

Skills needed

Strong web development skills. Keen understanding of modern user experience and interface design. Ability to combine modern web design standards with the needs of the website owner. Detailed knowledge of how to bring old content up to current standards.

Equipment required

A computer and reliable internet connection.

Possible earnings

Earnings will vary widely based on skill level and the amount of work needed, but website update work is typically billed hourly at a rate of $18-25 per hour.

Note: Need a logo for an updated website? GoDaddy’s free logo maker has you covered.

8. Sell handmade products

If arts and crafts are your strong suit, then selling your crafts online can be a good way to bring in some extra money.

What it involves

A crafter creates handmade items, such as jewelry, clothing, home decor, or artwork, by utilizing their artistic skills and various materials. They earn a living by selling these unique products through various channels, such as online shops and craft fairs.

Skills needed

Strong digital marketing skills, including photography, search engine optimization (SEO) and social media management. Quality customer service. Skills either with web design or familiarity with marketplace platforms like Etsy, Amazon or Instagram Shopping.

Equipment required

A computer, reliable internet connection, POS system (if also selling via craft fairs) and crafting materials specific to their specialty.

Possible earnings

Earnings will vary widely by the type of craft being sold. Etsy sellers, for example, earn a median of $537 per month, but individual experiences will differ.

Related: Beginner’s guide to Amazon.

9. Design a training program

Online skills training courses remain a strong demand and, if you have extensive knowledge on a topic, you can turn that knowledge into an online business.

What it involves

Virtual trainers design and deliver educational content through digital platforms, typically in a video or audio format. Typically done via a static online course that users pay to access, but can also be live.

Skills needed

Strong communication skills to effectively train viewers on complex topics in an understandable way. Proficiency in using various online training tools and technologies. Excellent time management and organizational skills to plan lessons and create relevant training courses.

Equipment required

A computer and a reliable internet connection, as well as access to a digital learning platform, such as Udemy or Skillshare.

Possible earnings

What you can earn will vary based on how you choose to distribute your online classes, but online trainers can earn an average of $51,544 per year.

10. Create a YouTube channel

Person hiding their face behind a clapperboard

YouTube is a popular video-sharing platform that allows users to upload, view, rate, share and comment on a wide variety of user-generated content, ranging from entertainment and educational videos to music and live streams.

What it involves

A YouTube creator produces, edits and uploads video content on the YouTube platform, often focusing on specific topics, interests or niches. YouTubers aim to grow their subscriber base, increase views and potentially earn revenue through ads, sponsorships or merchandising. You can learn more about creating video content through our 16 tips guide.

Skills needed

Strong storytelling and communication skills to create engaging, relatable content that resonates with their target audience. Solid video editing and production skills. Keen understanding of social media and digital marketing strategies to promote their channel and grow their viewership.

Equipment required

Quality video camera, studio lighting, microphone, editing software, a computer and a strong internet connection.

Possible earnings

The average YouTube pay in 2022 was about $1,154 per week or $4,616 monthly. Creators earn about 55% of the revenue on their channels. For every $100 an advertiser pays, Google pays $55 to the creator.

11. Provide ghostwriting services

Self-publishing is exploding in popularity and, along with it, the demand for skilled ghostwriters has grown as well.

What it involves

Ghostwriters create written content (articles, books, speeches, etc.) on behalf of another person, often without receiving public credit for their work. They collaborate closely with clients to ensure the final product reflects the desired tone and message.

Skills needed

Impeccable writing skills, strong grammar, punctuation, and storytelling abilities. Ability to adapt to different writing styles and tones to accurately convey the client's voice. Excellent research skills.

Equipment required

A computer and a reliable internet connection.

Possible earnings

Ghostwriters sometimes charge by the word or by service, but typically can expect between $35-$140 per hour.

12. Do voiceover work

For those with strong acting backgrounds, voiceover work and voice acting continues to be a solid work option. 

What it involves

Voiceover artists provide the spoken narration or character voices for various media projects, such as commercials, films, video games, and animations. They use their vocal talents and acting skills to convey emotions and personality to a script.

Skills needed

Exceptional vocal control and versatility to alter pitch, tone and accent. Strong acting skills. Good enunciation. Ability to interpret scripts and take direction.

Equipment required

Quality microphone, headphones, recording software, camera (if doing video), computer, strong internet connection.

Possible earnings

Earnings will vary based on the format and skill, most voice actors can expect to earn within the range of $13,500-87,499 per year.

13. Stream video games

Pile of audio equipment in a room lit by blue LED lights

Streaming video games started as a niche form of entertainment but continues to grow in popularity, especially around esports competitions and noteworthy personalities. 

What it involves

Video game streamers broadcast themselves playing video games live on platforms like Twitch or YouTube Gaming, providing entertainment and commentary to their viewers. They engage with their audience through chat interactions and often monetize their content through donations, subscriptions, sponsorships and advertising revenue.

Skills needed

Strong communication and entertainment skills, enabling them to captivate and engage their audience through commentary, humor, and personality. Solid understanding of the streaming platforms. Technical expertise for troubleshooting issues. Social media savvy to promote their channel and build a loyal community.

Equipment required

Quality microphone, headphones, streaming software, camera, a computer able to handle simultaneous gaming and streaming, and a strong internet connection.

Possible earnings

Video game streaming has a wide variance in earnings, with smaller streamers earning $50 and $1500 per month and medium to large channels earning $3000-6000 per month.

14. Sell 3D-printed items

3D printers are becoming increasingly accessible to the public, allowing owners to create custom 3-dimensional products. 

What it involves

A 3D printer crafter designs and creates unique objects, such as figurines, sculptures, or functional items, using 3D modeling software and a 3D printer. They may sell their creations online or at craft fairs, or provide custom 3D printing services to clients seeking personalized designs and products.

Skills needed

Proficiency in 3D modeling software to design and prepare digital files for printing. Thorough understanding of 3D printer operation, maintenance, and materials. Strong entrepreneurial skills, including marketing and customer service.

Equipment required

Quality 3D printer, 3D modeling software, print materials, POS system (if selling at trade shows) and a computer.

Possible earnings

Similar to handcrafted goods, the earnings will vary widely for 3D printer designers and crafters. Given the time required to both design and print the items, most crafters will charge hourly, from $10-50 per hour.

15. Offer social media management

Social media is a must for businesses these days, but managing a business across multiple platforms is extremely time-consuming. And so, the demand for social media management continues to grow. 

What it involves

A social media manager is responsible for creating, curating and managing content across various social media platforms to enhance a brand's online presence and engage with its audience. They also analyze performance metrics and develop strategies based on those metrics to increase engagement for the brand.

Skills needed

Strong communication and writing skills to create compelling content that resonates with the target audience. Deep understanding of each social media platform's algorithms and best practices. Highly organized, creative and analytical, with the ability to multitask and adapt to the ever-changing digital landscape.

Equipment required

A computer and a reliable internet connection.

Possible earnings

The average salary for a social media manager is $70,287.

Note: Interested in creating videos for social media? GoDaddy’s online video editor can help you out.

16. Become a freelancer

If you’re more of a generalist, jack-of-all-trades type of person, then general freelancing can be a diverse and interesting option. 

What it involves

A general freelancer offers their expertise and skills in various fields such as writing, graphic design, web development, or marketing on a project-based or contractual basis, allowing them to work with multiple clients simultaneously.

Skills needed

Excellent time management and organizational skills to handle multiple projects and meet deadlines. Exceptional communication abilities to build rapport with clients and understand their requirements. Self-motivated, adaptable and continuously focused on developing their expertise in their specific field to stay competitive and relevant in the ever-evolving market.

Equipment required

A computer and a reliable internet connection.

Possible earnings

Due to the variance in work needed, the earnings will vary, but freelancers generally make an average of $30-40 per hour.

17. Curate subscription box service

Subscription box services have flourished in recent years and are increasingly expanding their reach into more niche markets. 

What it involves

Creating a subscription box service involves carefully curating and sourcing unique, high-quality products tailored to a specific niche, and designing an appealing and functional packaging that reflects your brand identity. Additionally, you would need to develop a robust marketing strategy, manage inventory and logistics, establish pricing and billing structures, and provide excellent customer service to maintain subscriber satisfaction and retention.

Skills needed

Project management and organizational skills to oversee product quality and sourcing. Creative and strategic thinking abilities to curate appealing boxes. Excellent customer service and relationship-building skills to foster loyalty and ensure subscriber satisfaction.

Equipment required

A computer and a reliable internet connection.

Possible earnings

Subscription boxes tend to generate a gross profit of between 40% and 60% due to the low cost of goods and recurring renewals.

Note: Your subscription box service will need a website. Create a website using GoDaddy’s Website Builder.

18. Buy and sell domain names

If you’re unfamiliar with this particular field, domain investing, also known as domain flipping or domain trading, is the practice of buying domain names to hold onto them or improve their value and later selling them at a profit. 

What it involves

A domain investor strategically identifies and registers potentially valuable domain names, anticipating future demand for these web addresses based on trends, keywords or industry relevance. They then hold onto or improve the domains and eventually sell them at a higher price to interested parties, generating profit from the increased value of the domain names.

Skills needed

Superb analytical skills to identify valuable and potentially profitable domain names. Excellent negotiation and marketing abilities to sell or lease those domains at the best possible price. Deep understanding of market trends and consumer behavior within the digital landscape to make informed decisions and maximize their investment returns.

Equipment required

A computer and a reliable internet connection.

Possible earnings

New domain investors typically start small, earning around $100-$2000 per month.

19. Provide accounting services

Two people reviewing a notebook and laptop on a long table

Are you an accountant by trade and want to be your own boss? Freelance accounting would be a great fit. 

What it involves

A freelance accountant provides professional accounting services to clients on an individual or contractual basis, without being tied to a single employer or company. Their responsibilities may include financial reporting, tax preparation, bookkeeping and financial analysis, allowing businesses and individuals to maintain accurate financial records and make informed financial decisions.

Skills needed

Exemplary analytical and organizational skills to accurately maintain and analyze financial records. Understanding of accounting principles, tax regulations and financial management. Excellent communication and interpersonal skills to effectively convey financial information and advice to clients, and adapt to the varying needs of different businesses and industries. CPA license will also likely be required.

Equipment required

A computer and a reliable internet connection.

Possible earnings

Freelance accountants tend to make around $35 per hour.

20. Offer travel planning services

Travel is booming in 2023 and more travel planners are a necessity. If you’re a seasoned traveler, why not offer travel planning services?

What it involves

Travel planners, also known as travel agents or travel consultants, assist clients in planning, organizing, and booking various aspects of their trips, including transportation, accommodations and activities. They leverage their expertise in the travel industry and destination knowledge to create personalized itineraries, provide travel advice and ensure a seamless and enjoyable travel experience for their clients.

Skills needed

Organizational and multitasking skills to manage multiple clients and bookings simultaneously. Strong attention to detail to ensure all trip components are arranged accurately and efficiently. Exceptional interpersonal and communication skills to build rapport with clients, understand their travel preferences and effectively convey relevant information and recommendations.

Equipment required

A computer and a reliable internet connection.

Possible earnings

Freelance travel planners typically make an average of $62,439 per year.

21. Do resume writing

As the economy continues to shift through this year, resume review services are in high demand and are likely to stay that way for a long while.

What it involves

A freelance resume writer specializes in crafting, editing and optimizing resumes for clients to effectively showcase their skills and achievements in a compelling manner. They work closely with clients to understand their career goals, tailor their resumes for specific industries or job opportunities, and provide guidance on best practices for resume writing and formatting to increase the likelihood of securing job interviews.

Skills needed

Strong writing and editing skills to accurately and creatively present a client's professional background. Deep understanding of current recruitment trends and hiring practices to ensure the resume aligns with industry expectations. Excellent communication and interpersonal skills to effectively collaborate with clients, gather relevant information and provide constructive feedback throughout the resume development process.

Equipment required

A computer and a reliable internet connection.

Possible earnings

Most resume writers charge a flat rate per resume, with the average currently being about $200.

22. Become a life coach

If your strength is motivating others, the coaching field is in-demand and likely a perfect match for your skills.

What it involves

A life coach is a professional who helps individuals identify their personal and professional goals, overcome obstacles and develop strategies to improve various aspects of their lives. Through guidance and support, life coaches assist clients in building self-awareness, fostering personal growth and achieving desired outcomes in areas such as relationships, career, health and overall well-being.

Skills needed

Active listening and communication skills to understand their clients' needs, challenges and aspirations, while providing thoughtful feedback and guidance. Excellent interpersonal and empathetic abilities to establish trust and foster a supportive environment.

Equipment required

A computer, a web camera for remote sessions and a reliable internet connection.

Possible earnings

Coaches currently earn a median income of $60,510 per year.

Note: It’s a good idea to keep your personal and professional phone numbers separate to accommodate clients. Get a second phone number to use for your coaching business to separate it from your personal one.

23. Teach online classes

A mug resting next to a laptop with the screen full of Zoom thumbnails

Teachers and skilled tutors are always in demand, so if you have a passion for helping others learn, consider teaching live courses online. 

What it involves

An online teacher delivers educational instruction and support to students through virtual platforms, utilizing digital tools and resources to facilitate learning and engagement. They create lesson plans, assess student progress, provide feedback and adapt their teaching methods to accommodate different learning styles and needs in a remote setting.

Skills needed

Strong communication and presentation skills to effectively convey information and concepts through digital mediums. Ability to utilize technology and online teaching tools to enhance the learning experience. Excellent time management, organization, and adaptability skills to meet the unique challenges and demands of virtual education.

Equipment required

A computer, a web camera for remote sessions and a reliable internet connection.

Possible earnings

Teachers typically make $48,033 per year.

24. Provide technical support

As long as technology continues to grow and develop, there will be a need for technical support. 

What it involves

Freelance technical support professionals provide remote assistance and troubleshooting services for clients experiencing issues with their hardware, software or network systems. They diagnose and resolve technical problems, offer guidance on best practices and may also assist in system maintenance, updates, and configurations to ensure optimal performance and user satisfaction.

Skills needed

Advanced problem-solving and analytical skills to efficiently diagnose and resolve a wide range of technical issues, as well as in-depth knowledge of various hardware, software and network systems. Strong communication and customer service skills to effectively interact with clients, explain complex technical concepts in layman's terms and provide clear guidance and support.

Equipment required

A computer and a reliable internet connection.

Possible earnings

The pay will vary on the specialty and technical skill level, but freelance technical support engineers are paid an average annual salary of $99,686.

25. Operate online community management

If you’re outgoing and enjoy listening to multiple points of view on topics, then a community manager role could be for you. 

What it involves

An online community manager is responsible for overseeing, engaging with, and growing an online community on behalf of a brand, organization or client. Their duties typically include creating and curating content, moderating discussions, responding to community members' questions and concerns, monitoring community sentiment and implementing strategies to foster a positive and active community environment, all while working remotely.

Skills needed

Excellent communication and interpersonal skills to effectively engage with diverse community members, address their concerns and foster a sense of belonging within the community. Organizational skills and a keen understanding of social media platforms, analytics and content creation to strategically manage and grow the online community in alignment with the brand or organization's goals.

Equipment required

A computer and a reliable internet connection.

Possible earnings

Depending on the company size and skills required, the earnings can vary, but the US average salary is $60,172.

Tips for starting an online business

Starting an online business can be both an exhilarating and challenging endeavor. If you’re interested in getting started, here are some quick tips to get you rolling:

  • Choose a business idea based on passion and knowledge
  • Identify a niche with gaps in the marketplace
  • Conduct market research and competitive analysis
  • Familiarize yourself with relevant laws and regulations
  • Obtain a federal employer identification number (FEIN)
  • Decide on a suitable legal structure
  • Insure your business
  • Select appropriate software for your business venture
  • Develop a comprehensive marketing strategy

By following these steps, you will be well on your way to establishing a thriving online business.

Related: Discover how much does it cost to start a business.

Ready to start an online business?

As this list of online business ideas shows, 2024 offers a wealth of opportunities for aspiring entrepreneurs to establish successful online businesses. There's something for everyone, with a wide range of professional interests and skill sets. And once you have an idea in mind, you can learn how to write a business plan and initiate a strategy geared for success.

Here are the steps you can follow on your way to online entrepreneurship:

  1. Research online business ideas.
  2. Choose a nice that works for you.
  3. Check the competition.
  4. Choose a business name.
  5. Create a business plan.
  6. Choose a business structure.
  7. Build your website or store.
  8. Market and grow.

Want more information on getting started? We've also put together a comprehensive guide on this process in our article on how to start an online business.

Interested to find some small business ideas that you can start from home? Our guide has you covered.

FAQ

What is the best online business to start?

The best online business to start depends on your skills and interests. However, digital marketing, ecommerce, online courses, and content creation (blogging, podcasting, YouTube, etc.) are popular and potentially profitable options. Always research and plan before starting.

What is the best online business to start on a low budget?

Starting a blog or affiliate marketing is a great low-budget online business. You can earn money through ad revenue and commissions by promoting other companies' products. The cost is minimal, mostly for website hosting and a domain. However, the best business to start will be very dependent on your goals, skill-set, and time available.

What is the easiest online business you can start?

The easiest online business to start is generally considered to be dropshipping. This involves selling products online that you don't physically stock. Instead, you partner with a supplier who fulfills orders on your behalf. This business model requires minimal upfront investment, can be run from anywhere, and doesn't involve managing physical inventory.

Can I start an online business if I have a full time job?

Yes, you can start an online business while having a full time job. It can be challenging to balance both, but it is possible with good time management and organization skills. Starting your business part-time can also provide a safety net of income during its early stages.

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