With the ever increasing rate of unemployment, it is best to look for a way to get passive income.
The government and private sector suffers from an economy negatively affected by the Corona Virus pandemic. Getting a red collar job is almost impossible and the little existing jobs are very well competed for.
Fortunately, the internet has come to the rescue. With just a Desktop, Laptop or even an internet compliant phone, one can earn a living online. The world is now a global village and it takes just a click to send a text, picture, video or sound from Zimbabwe to Germany. In today's world, distance is no more a barrier to business.
There are many legal ventures to engage in online to earn a decent living. In this article, we shall be discussing just a few amongst the many businesses that exists online.
If you need to make some money online, either as a part time or full time hustle, stick around and read this article to the end. You won't regret it. Now we go on with our discuss.
There are many limitless business opportunities that abound online, but as earlier stated, we shall briefly discuss just a few. They are;
- Affiliate and Google AdSense
- Website/Domain Flipping
- Fulfilment By Amazon (FBA)
Now we briefly explain them one after. Stick around.
(1) Affiliate And Google AdSense
Having a niche website us easily one of the simplest ways to passively make money online for years. It is different from a blogging site in the sense that in a niche website, you target a particular niche. This makes it easier to get organic traffic with a lesser competition. Here you help people who seek answers to specific questions.
How to Start A Niche Website
1- Pick a particular topic
2- list topics to answer a particular question
3- Obtain a WordPress set up and hosting
4- Look for a product to promote on your website to get a commissione
(2) Website/Domain Flipping
Here you buy a domain name at an affordable price and sell same at a higher price for profit. To buy a domain name, you need to do a research to find out what domain sells faster and has a greater demand. This enables you to get the maximum profit for your domain name.
Example of prices in Domain Flipping
You can check out some Domain market places to look for a unique sellable domain name to buy. Below are some popular market places to sell your Website and domain;
* GoDaddy Auctions
* Brand Bucket
* Empire Flippers
(3) Fulfilment By Amazon (FBA)
This allows you to begin an online store on Amazon without contending with the difficulties of packaging and shipping.
The seller creates an Amazon seller account, puts up the products to Amazon and sends the items to the Amazon Warehouse.
When a buyer buys a product, it is Amazon that packages and ships the product to the buyer.
To start with, these are the few business opportunities we discuss. In our next post, we shall discuss more opportunities.
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