Best Online Business Idea to Start in 2022 for Beginners | Work From Home | Small Business 101 Ep. 2
Is your 9-to-5 gig no longer bringing you joy? Are you looking for an intelligent way to leverage your expertise, start an online business, work from home and be your boss? If so, look no further.
In this episode of The Online Business Clinic, you’ll discover the best online business idea to start, even if you don’t have much or any experience running a small business. And the best part? No start-up capital is required.
Hey there, Business Strategist Molly Ann Luna here. And you’re tuning into The Online Business Clinic, the place to be to create a lifestyle and financial freedom - aka building True Wealth.
My goal for you with this show is to help you build multiple passive income streams, leveraging your expertise online. This is something I’ve successfully done for myself and has helped my fellow Legacy Leaders launch their very own online small businesses.
New episodes are released every week, and right now, you’re tuning in to part 2 of a multi-part small business 101 training series designed to help you start your own business, one that allows you to work from home.
What Type of Online Business Can I Start?
When it comes to starting a successful online business, many ways to go to include, but are not limited to:
Social media marketing
Domain Name Selling
All great options. Like all levels of work, some require more direct trading of your time for money; others can be more easily converted into passive income streams.
You know that saying, “give a man a fish, he’ll eat for a day, teach a man to fish he’ll eat for a lifetime.”
What’s the best online business to start?
For me, the best online business idea to start right now does the latter; it teaches others how to fish.
Not only that, but the industry is growing at a rapid rate and will soon be a 325 Billion dollar industry. Therefore, I think the best online business idea you can start, especially as a beginner, requires no prior small business experience and zeroes start-up capital. That is to create an online education business.
Wait, pump the breaks. Not just start an online education business, but to start it in such a way that GETS YOUU PAID to successfully convert your expertise (knowledge, skills, and abilities) into multiple passive streams of income via an online course business and self-published books.
Now you might be thinking to yourself, “...well what if I don’t have an expertise per se?”
And to that, I say you do; it’s just that it might come so quickly to you that you haven’t taken notice of it.
To be an expert at something means that you have
E. Education (formal or informal)
P. Problem Solver
E. Enthusiastic About The Topic To Execute A Plan
R. Relevant To Others
T. Take Action
Who might be well suited to launch an online course business?
Domain Name Seller
Data Entry Clerk
Voice Over Artist
Anyone who’s figured out how to do anything AND is willing to teach others.
I own and operate an online education academy called The Legacy Leader’s Academy.
A few experts I’ve recently helped get paid to launch their successful work-from-home small business. Specifically, an online education business includes finance officers, real estate agents, handypersons, brokers, therapists, nurses, personal trainers, and government contractors, to name a few.
Now what I love most about owning and operating an online education business is that it takes an idea, a laptop, and a wifi connection to get started.
What do I need in order to start a successful online business?
You don’t have to be techy. No website, fancy logo, or stack of business cards is required—no need to be a professional speaker, prolific writer, or super savvy businessman.
There’s an opportunity here for you to choose to build your business based on a skill or set of skills you currently have while also permitting yourself to skill up as you go.
All you need to start your own online education business is experience solving a problem in your own life and a willingness to help others solve that same problem in their lives.
Now when it comes to the nitty-gritty details about how to get paid to start your online course business, I can walk you through that step by step inside of immersive group coaching program The Income Amplifier.
But to give you a bird’s eye view, here are is the basic 4-part framework of what turning your idea into income looks like this.
Decide who you’ll serve and what problem you’ll help them solve
Using The P.I.P. Method, put together an offer.
Pre-sell your idea and be willing to teach the first few rounds live
Then convert your teachings into a digital course and self-published book that you can plug into an automation sequence and sell again and again 24/7 365
Now be honest, tell me in the comments below. Does this sound like the best online business for you to start? If so, what problem will you help people solve?
Now, if this all sounds too good to be true, it isn’t. I’ve done, and I’ve helped others do it.
All you need to get started is a rock-solid plan.
Which we’ll discuss further in this episode.