The most lucrative small businesses to start are internet based and scalable. The current trend in spending is leaning towards online spending and store based businesses are suffering as a result.
“Current e-commerce statistics state that 40 percent of worldwide internet users have bought products or goods online via desktop, mobile, tablet or other online devices. This amounts to more than 1 billion online buyers and is projected to continuously grow.” (Source: https://www.statista.com/markets/413/e-commerce/)
And at the same time e-comerce businesses are slowly putting old model “bricks and mortar” businesses out of business.
“Figures from the Office for National Statistic showed online sales surging nearly 9% in March compared with a year ago, and online stores now accounting for 13.2% of all retail sales.” (Source: https://www.theguardian.com/business/2016/apr/23/uk-high-street-spending-shoppers-slowdown)
This trend towards ecommerce is also working for online entrepreneurs who are seising the opportunity. An online business can be operated from anywhere from a laptop and scaled up with a global reach. Business models like affiliate marketing and drop shipping allow anyone to startup with low cost and maximum reach. You don’t need products of your own, a business premesis or even have to talk to any customers.
Most Lucrative Small Businesses
The most lucrative small businesses to start online are those which can be leveraged and scaled. They also have a global reach. With small local businesses there is a limited number of potential customers. With an internet business your reach is global. Choosing the right products means you can capitalise on a global audience. Digital products can be downloaded or accessed remotely from anywhere. This makes their sale much more viable to the global ecconomy. Drop shipping companies also offer to deliver globally too. All you need to do is send targeted traffic to a ready made sales funnel or website.
Most Lucrative Small Businesses To Start – Digital Products
By promoting and selling other peoples products online, and in particular products which can be accessed remotely, you can scale up massively to a global audience. This means selling digital products online is not only very lucrative but can also mean you can build a lifestyle business around this model.
Most Lucrative Small Businesses To Start – Business Models
The most lucrative affiliate models offers:
- High ticket products – Selling larger ticket items means larger commissions for each sale
- Membership products – Selling memberships means monthly commissions
- Up-Selling – Means more commissions for potentially each customer
- Built in sales team – Means you don’t have to do any personal selling.
Most Lucrative Small Businesses To Start – Learn More
Fortunately much of the work has already been done for you. You can benefit from cutting edge software and a community with training, tools, software and support online. Anyone can learn how to build an internet based business from scratch with no previous knowledge. Learn more and access video series here.