List of Good Business Ideas
In order to start your own business you
need to be able to provide a product or service to other people. This
list of good business ideas are things that basically anyone can do
at minimal cost.
Build a Website - Earn Passive Income
Building a website is cheap compared to
many other business startup options. While other startups may cost
you thousands of dollars or more, a website can be built at a low
cost of $30 per month for web hosting. You might see lower prices
advertised for web hosting, but it is important to remember that
these sites are businesses too. They have promotions to get you to
buy their product, only for you to end up paying the same as
everywhere else after the promotional period ends.
If you want to
build an income-generating website, you will end up paying roughly
$20 to $30 per month in order to build a site that doesn't have web hosting
restrictions, such as: limits to storage space, limits to number of
pages/sites, limits to number of emails, and sometimes limits to
bandwidth, as well as paying extra for back-up options (in the case of system failure).
Some of this language might seem foreign to you if you
aren't computer savvy, but even those foreign to computers can build
a successful online business given the right hosting company.
If you're interested in starting your
own business that generates income (earning money even while you
sleep), then check out SiteSell's Site Build It, which includes a
step-by-step guide at no extra cost for turning a website into a
The idea behind building a website is: content =
visitors = money. If you can get people to visit your website,
whether it be for a video or for an article you have written, you can
potentially earn money from those visitors. It is sort of like owning
a store: you first need to get people into your store in order to
turn them into a customer. You can then make money from those visitors by using affiliate links like Google Ads, or by selling your own product.
The Hard Truth: Keep in mind that no one is going to
hand you success. If you want to be successful, you have to go get it
yourself. People can show you the way, but no one can do the work for
Individuals who start a successful business have to put in a lot of
work, initially with little reward, but it pays off in the end.
Persistence is the key to success.
Write a Book
Writing a book is another option for
creating a product to start your business. You can also combine
book-writing with website-building in order to create a platform for
marketing your books (selling them as hardcopies or ebooks). Your website them becomes free content written to attract visitors, while your books are paid content.
it is easy to get your book published without a traditional
publisher. You can publish ebooks through companies like Amazon.com,
and Amazon even owns a company called CreateSpace.com that publishes
hardcopies of books on-demand (called print-on-demand: they only
print a copy when someone buys it).
Start a Business by Learning a Skill
Not much of writer? You can also start
a business by first learning a skill that will turn you into a
service-provider. You can then provide a service either online or
There are plenty of technical schools that can teach you how
to be an electrician, plumber, or how to install certain types of
equipment like furnaces or water-heaters in homes. This may not seem
like your typical glorified startup, but being a business owner means
you get to keep all the profits instead of earning a small cut from
your employer as an hourly wage.
Day Trade Stocks
Trading stocks is a unique business option, because you are not providing a product or service to anyone. Instead, you are making money from equity (buying low and selling high) of company shares.
The majority of billionaires are
investors, owning large portions of successful corporations. Warren
Buffett is a perfect example of a billionaire investor. His primary
strategy for investing has been to pick companies that have been
experiencing rapid growth and then invest in those companies
However, you typically need to start off with a lot of
money to become a billionaire investor.
stocks is all about making small gains in equity that add up. There
are different types of stock trading, but day trading is an
increasingly popular form due to its more reliable short-term gains
for experienced traders.
Certainly, reaching the goal of becoming a billionaire may be unattainable for most day traders, but
becoming a millionaire by day trading is possible. But
keep in mind that day trading typically has a long learning curve for
everyone. Don't start trading with your life's savings until you know
what you are doing and are repeatedly successful at trading with a
Instead, use this strategy to learn day trading.
Business Entrepreneur: Build Your Own Online Business
Types of Business Organizations