Top 10 Online Business Ideas in 2020 – How to Make 10k a Month

Tired of your 8 to 5 job and hoping to make money online even while in your PJs? Can’t blame you for thinking that way.

After all, who wouldn’t want to earn some cash in their sleep?

Before you throw in the towel and start an online business, you have to figure out what works best for you.

Is it something leaning towards your hobbies or interests, so that you can have fun along the way? Or is it something out of your realm of expertise that will require a bit more time and effort?

People from all over the world need help to meet their goals. Maybe they want to get healthier through a plant-based diet, or perhaps they want to learn how to surf or play the guitar.

Or maybe they want to buy parts to build racing drones, manage their time better, gain muscle, or lose weight.

If you’ve got the skill and know-how to assist these folks, and if you can provide viable solutions to their needs and wants, then you have to go for it!

Whether you’re looking for the best online business to start with no money or you have the cash to invest, this post will help you get started either way.

Here are some excellent tips, tricks, and hacks that you can actually use, right now, to make money on your own.

These ideas are all pulled from the 5 steps every online business needs to guarantee success.

Why Start An Online Business?

If you'd prefer to listen to this content from the video above, you can get the list that way. Otherwise, just keep following along!

The beauty of starting your own business is that it feeds your wanderlust and allows you to travel as you stay on top of your cash flow.

It is no wonder that a lot of people are getting into the world of online business and entrepreneurship, and are slowly tearing themselves away from the daily grind of working 40+ hours per week. There are even those who choose to do it full-time and ditch their day jobs altogether!

I mean, if the income is double, triple, or maybe even 10x their previous paycheck, what’s holding them back from diving in entirely, right?

When choosing an internet or lifestyle business to start, you want to make sure it hits these three points:

• Provides the freedom to live anywhere you want
• Allows a flexible work schedule
• Achieves high-income opportunities

It’s almost like semi-retiring early, except you don’t have to wait until you’re old and gray. And, you can keep $$$ coming in, even without leaving the house!

How to Start Your Own Business

When starting your own business, you can get it up and running anywhere and anytime you want without having to shell out tons of money. And trust me, anyone can do it. You don’t need to have a Ph.D. or an inch-thick collection of training certificates to get started.

But as with any business, it takes time to take off, and that’s why you need to know and understand why you want to start a business online FIRST.

You need to nail down your reasoning before you decide which one of these remarkable 10 internet business opportunities are for you.

If you don’t have your "why start" determined yet, do not skip this step.

A business is not easy, and your ‘why’ has to be larger than the bumps you will encounter to persevere. Long-term business success is the goal.

Go through the Ultimate How To Achieve Lifestyle Design Exercise if you do not have your business end goal defined. This small deviation is a very wise thing to spend time on, and should help you to break down the barriers that are keeping you from starting your online business today.

All other perfectionist tendencies are just excuses.

Top 10 Online Businesses To Start in 2020

All of these businesses provide the opportunity to make money fast.

The key to real success, however, is a long-term vision.

What you don’t want to do is stand around waiting forever to get started!

Choose one, get going, and always make integrity a high-level priority. You want to build a positive and lasting relationship with your very first customers, so that you can keep them purchasing again and again.

When you do this right, you will not have to start from zero again; a fundamental element to starting a successful business. Start from zero once, sell excellent products and services, take care of people, and successfully build a lifestyle business.

Now let me share some of these amazing online businesses with you. One of them may just be the ‘magic idea’ that suits you best.

Let’s get it started with number-one…

1. Selling Information Products

Are you an expert in your field, or do you know more than the average person about a specific subject or skill?

If you have adequate skills or knowledge pertaining to a particular topic, then you’re one or two steps ahead in answering your ‘why to start a business' question. You are also potentially set up to make some serious passive income every month, without the need to start any sort of online store with physical products.

You can use your knowledge and skills to build people up while making some cash along the way!

Establish yourself as an authority in your niche, and strive to be the best in it. You should always choose a niche topic that you’ll never grow tired of learning more about. Passion can be an important tool, because it will keep giving you the energy to press onward… even when you hit bumps in the road.

With this particular business opportunity, people create their YouTube channels and websites, conduct webinars, or write eBooks to share their expertise with others who may be willing to subscribe, or even pay, for what they have to offer.

Then, their customers trade their email address for a free thing... and you can start marketing to them right away via email.

Do you have plenty of travel hacking tips? Do you know enough to teach people how to do digital marketing?

Whatever that niche may be, as long as you have the skills and a strong desire to keep learning, then you can sell these solutions in the form of an information product. Informational products are one of the largest online business markets out there.

It also doesn’t take much to get started with this type of business. Launch your blog, shoot those videos, advertise on Facebook, and build an audience. With 3.2 billion people (or 40% of the global population) being internet users, there’s no better time to jump into this business opportunity.

Right now, you can take advantage of these figures when you sell your informational products… because you can basically sell to everyone. Going online is indeed the way to go!

People are Searching for Information Online

• 8 out of 10 people from developed nations go online
• 21 out of 61 people from developing countries use the internet (ICT Facts & Figures)
• About 40% of US companies market their products and services using blogs (eMarketer)
• 34% of Fortune 500 companies have had active blogs since 2008 (Forbes)
• Companies with blogs get 97% more links to their website (HubSpot)

Deliver Information to People on Facebook!

Facebook is another platform that you can utilize to share your information products.

Check out these impressive figures:

• In Q3 of 2017, the net income of Facebook was $4.7 billion
• Facebook is THE #4 most valuable brand ON THE PLANET with $73.5 billion in value
• 1.37 billion active users use Facebook every day

If you have authentic information to share that isn’t just a regurgitated version of something else that’s already out there, then you can absolutely gain people’s respect and confidence.

Build a marketing funnel, send some Facebook traffic to a lead capture page, and sell information products. This is all possible when you email market the right way.

Once you get people hooked on what you’re selling them, you will begin to see an influx of forever clients and returning customers.