Top 5 Online Small Business Ideas to start in 2022

The world is changing. It has seen a huge transformation in the past two decades than it had in the previous century. The internet and other technological advancements are inspiring younger generations to be more creative and innovative. This, as a result, attracted more people into small businesses, who wanted to try something of their own while making money. Recent statistics say that our world spots more than 6,27,000 new businesses every year.

Small businesses are a great opportunity to learn management, marketing and leadership. It can be started at low or no investment. As they have minimal risks, the entry and exit in small businesses are easy. They also pay you a good return, for the investment of money and time you have made. These are the primary reasons that drive more people into this sector. So, why not we give it a try?

Here are a few small business ideas that have proven worthy to be considered. The ideas given below are curated to be an online business that requires minimal or no capital needs. If you have ever thought about starting a small business, this is the best time to get it in action.

1) Freelance Content Writing and Blogging

This is one of the best small business ideas to start in this online era. If you possess a good vocabulary and further you’re interested in writing, undoubtedly you can start blogging and content writing. There are plenty of opportunities piled up in the online market and you can feast on them. It requires no investment other than your time and in return, you’ll be paid well as your content quality and experience grows.

How does it work?

You can prepare yourself by reading books, articles, or blogs online. Learn the techniques on how to keep your readers engaged throughout the content. Websites like LinkedIn, Fiverr, and Internshala carry numerous opportunities for freelance writing. You can choose the one that suits you the best.

2) Dropshipping

Dropshipping is the next best business idea for beginners. The online shopping trends are increasing rapidly over the past couple of years. Rather than selling products directly, dropshipping can be a good idea because it neither requires you to store nor ship the products to customers. You can start a dropshipping business for no cost too. But if you’re planning for a long-term professional business, then you might need to spend a little for your initial setup.

How does it work?

You as a retailer in the dropshipping business, have to acquire customers and transfer their order details to the wholesaler. The storage, packing and shipping of products will be taken care of by the wholesaler. You can add some percentage of profit to the price quoted. Do your research and choose the products that are high on demand.

3) Website/App Development

Today, there’re apps for everything but still, they can be innovated. Similarly, 7 out of 10 businesses have websites either to promote or establish their business. With the growing business trend, it is evident that there’ll be more demand in the future. If you have coding knowledge, you can start developing apps or websites for your customers. There are various platforms that can aid you in this. A little money may be required for using those platforms.

How does it work?

Create an attractive profile for your business. There are various online sites to display your profile and look for customers. Once you get it, do your best in satisfying their needs. There are various online courses available to keep yourself updated on the market trends. It is a vital part of this business.

4) Affiliate Marketing

Starting a blog or Youtube channel and creating decent traffic could pave the way for another business model named, Affiliate Marketing. This can be done with absolutely zero investment. A report based on 194 blogging profiles states that people have made money through affiliate marketing ranging from Rs. 5 Lakh to Rs. 50 Lakhs per year. Providing quality content pours money into your pockets.

How does it work?

Brands and sellers willing to sell their products create an affiliate program. Bloggers and other affiliates interested in the program can join it and display the brand’s advertisements on their page. In turn, the affiliates will earn a percentage of commission for every click or purchase made by the customers using the link displayed.

5) Online Tutoring

The Covid-19 pandemic has given an uphill lift to the Online Tutoring business. If you have any expertise in academic subjects or business or on any field of activities, you can invest them to train people. You can convert your prowess into a substantial income. Since people have started experiencing knowledge from the comfort of home, the growth of online teaching is only expected to increase in the future. Online tutoring requires no money investment.

How does it work?

There are several online tutoring platforms like Tutor.com, Preply, Skooli, and Thinkific that help you kick start your idea. You can register yourself on these platforms and start your career right away.

Disclaimer: opinions expressed on the blog belong solely to the original authors and can’t be attributed to Lifestylesplash.