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6 Easy and Profitable Online Business Ideas to Start in 2024

It’s a great year for starting an online business. Launching your own online business allows entrepreneurial individuals such as yourself to work anywhere in the world, provided you have a laptop and internet connection.

Here are six business ideas that you may consider while you’re on the road. Here’s to making your dream of being self-employed a reality.

1. Start an eCommerce store

eCommerce websites have seen a huge jump in popularity in the wake of the COVID-19 pandemic. Australians who are unable or unwilling to travel now shop online more than ever.

A website that is attractive and user-friendly is crucial for making your new eCommerce store a success. Today anyone can quickly launch an online store using templated and cost-effective website designs.

2. Become a virtual assistant

If you are highly organised, good at multitasking, and can pay attention to details, one of the more popular small business ideas is becoming an online virtual assistant (VA). VAs are usually responsible for administrative tasks such as data entry, customer service, and research. Some specialise in areas such as graphic design or social media management.

3. Start a bookkeeping business

You will be responsible for maintaining the financial records of clients, including creating invoices, cash flow monitoring, and financial statements. Cloud-based accounting software makes it possible for businesses to share financial information with bookkeepers from anywhere in the world.

4. Develop an online course

Consider creating an online course if you are an expert in your field. Online learning is becoming increasingly popular, and people are open to learning via different models.

Some require students to pay for a one-time download and then work at their own pace, while others allow students to learn by watching video tutorials to track their progress. You can also opt to have a scheduled online syllabus that is followed up with regular video calls.

5. Online consulting services

Online consulting is a great way to share your knowledge, skills, and experience. You can choose to specialise in one area, such as marketing or financial consulting. Or you could opt for a more specific niche, such as social media marketing or search engine optimisation (SEO).

6. Become a copywriter

A lucrative online career as a copywriter is possible if you have the required writing skills and impeccable grammar. Copywriters write content for everything, from websites and brochures to blogs, product packaging, and even products themselves. You may choose to specialise by industry, such as health or financial services. Or you might focus on one channel, such as websites, blogs, or print advertisements.

How BizCover helps online start-ups your online business with business insurance

Whichever business idea you have in mind, remember that business insurance may be a good idea too. With BizCover, you can compare competitive insurance quotes online, get covered in only 10 minutes, and get back to work. If you’d like to speak with us, you can reach our friendly team on 1300 920 867.

This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.
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