Online based businesses are thriving - which online businesses are the most successful?

Thanks to technology, it is possible to own successful online businesses nowadays. In fact, doing business online has quickly become increasingly popular. It allows a lot of freedom for entrepreneurs to work from anywhere, anytime. It provides flexibility and leaves room for creativity. As we use phones, tablets, and computers every day, it is easy for online businesses to get clients, too. There is never a shortage of potential leads or customers.

Actually, working online has become so popular it has even opened up some room for businesses that would have no way of thriving offline. In this article, we will look at some of the most profitable areas of online businesses and how it is that they keep their cash flow up.

Social media influencers

The popularity of social media has only been increasing year after year. We have more social media platforms than ever, and becoming an influencer on social media has become a dream job for many. Social media allows the freedom of creativity and the room for people to be themselves and show what they have.

For instance, a social media influence Huda Kattan has over 29 million followers that she earned from making impressive makeup tutorials. The more followers a social media influencer has, the more they can earn. In short, their job is to create interesting and engaging content that people want to follow and watch. Many companies then pay the influencers to create a piece of content with their products in them, for instance.

Very successful influencers can earn tens of thousands of dollars per photo or video. In fact, there are multiple influencers that earn their full-time income from creating content on social media.

Online gaming

Online games are not a new thing. However, recently, it has become possible to earn income from gaming. For instance, some esports gamers who stream their games can earn thousands or tens of thousands per month just by playing their favorite video games, such as League of Legends. Even streaming online casino games have become popular and many streamers have their own successful channels on Twitch or Youtube, for instance.

As long as we are speaking about online gaming, we should also mention professional poker players, who can earn a steady income playing in online tournaments. Though this may not be the most popular way of earning income online, it is an interesting alternative for talenter poker players.

Blogging and vlogging

The popularity of blogging got started already years ago, but never has it been so easy to make money from blogging as it is today. Bloggers write about their lives, lifestyle, fitness, or other interesting niche and draw a steady crowd that reads the blog religiously. Making money from blogging, however, is not as straightforward as you would think. Most bloggers make their money from affiliate marketing or by marketing their own services or products.

For instance, Annette Stepanian from Your Legal BFF blogs about law and offers her services to readers. For instance, contracts and other legal help.

Vlogging is more popular than ever. Youtube and other streaming channels are full of interesting videos of different niches and as viewers grow, vloggers can earn a steady income. One of the most interesting ones is Jenna Marbles, a comedian who lives in Los Angeles and creates funny videos every Wednesday.

Online stores

Selling your own products online can also be a steady and profitable business. Today, platforms such as Etsy and Shopify make it very easy to open your own online store and start selling in a matter of minutes. As long as you have a product and you can take photos of them, you can put them up for sale on one of these channels without even creating a separate website.

Of course, if you are a more avid entrepreneur, you can create a store of your own. Selling clothes, books, electronics, or supplements is popular among online sellers these days. Though most people earn only partial income from online sales, it is possible to earn a full-time income if you put some work into it.

One of the most successful online stores in existence is Amazon. It operates internationally and you can order pretty much anything on there. But, even Amazon did not start out huge: it started out by selling books.

Online services

Some businesses can offer their services purely online. For instance, marketing, PR, design, and other services can be done online and many businesses will not need a physical location. As long as you have a working business plan and a good idea, you can get started with a very small investment. This gives possibilities for many to get started with their dream job from home.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes