In this video you are going to learn what could be the best online business in 2019.
Watch this tutorial video and discover:
– The top 3 best online businesses for beginners.
– The best online business ideas that can make you a lot of money in 2019.
– How to use your knowledge and experience to start one of the best online businesses in 2019.
I'm going to share with you the best online business in 2019 and specifically my top three picks. I'm not talking about get rich quick schemes or something that is here today, gone tomorrow or some kind of gimmick to make money online.
I'm talking about building online businesses, I'm talking about something that you can set up once and then generate automated income, passive income for you, week in, week out, month in, month out and so on and so forth.
Books and eBooks
Best Online Business In 2019, on position number three is promoting books and eBooks, selling books and eBooks online.
Books have been around for thousands of years. Are they going anywhere? No. There's still going to be around. They're being complemented by digital books. They're being complemented by audio-books.
Maybe you prefer to read some books on paper. Maybe you prefer to read some books on a digital format, like on a Kindle or maybe you prefer to listen to books. I personally like all of three options. It depends on the context. It depends on the book.
You can promote other people's books and eBooks as an affiliate in exchange for getting a commission every time someone buys.
Promote other people's books and eBooks as an affiliate and get a commission every time someone buys.
If you want to promote physical books, perhaps the easiest and fastest way to get started with your business in 2019 is being an affiliate for Amazon. They are the world's largest retailer of books online.
If on the other hand you prefer to promote digital books, the easiest and fastest way to get started in my opinion is with a platform called clickbank.com.
What if you want to write your own book? What if you have your own book? You can sell that as well. As a matter of fact, that's how I got started. I researched a specific topic then I collected and summarize all the information in an easy to understand format and I saved the word file as a PDF file and I sold that PDF file as an eBook, I think it was selling for $7 a copy. As a matter of fact, that book is still selling nowadays.
If you want to write your own book, whether it's your paperback or whether it's your digital book, that is a great way to start a business in 2019.
You may be wondering, "Hey, Tiz, it sounds great, but how much money can you make selling books?" It depends, you can sell the books for very cheap, in which case, unless you sell very large quantities of it, chances are you're not going to make a lot of money from the book.
In that situation, the big, big money is in model called the back-end, and that's why selling books and eBooks is such a profitable business.
The up-sells. People are going to read the book and a portion of those people who read the book, will want more products from you. They will want more education, more content, they will want one on one or kind of closer contact with you or maybe masterminds or consulting, whatever that is. So that is where you can make some very, very big bucks.
It's not necessarily going to be the sale of the book, but what comes after that, or on the other hand, at the other extreme, you can sell the book for quite a lot of money, right?
Some books go for 30, 40, 50 bucks online, even a couple of hundred dollars.
You may be thinking, "Hey, Tiz, who's going to pay a couple of hundred bucks for a book?" People do that all day long. For example, the more niche, the more specialized you go, the more you can charge for a book. Think about technical aspects or scientific aspects or medical aspects, people are going to pay a lot of money for that. Very, very profitable.
I'm going to share a few tips that I have used to write quite a few books by now. I think all in all about half a dozen books. You can actually get other people to do most of the work.
So just to summarize, this is position number three on The Best Online Business to start in 2019.
Online education is exploding. It is a multi-billion dollars market a year and that's easily going to go into trillions.
Online education is exploding. We're talking about a multi-billion dollars market a year and that's easily going to go into trillions of dollars every year. It's exploding.
In that respect, if you want to take a part of that pie, selling courses is a very profitable exercise. Why do I say this? Because naturally you can sell a course for actually more than what you can sell a book.
You can record yourself on camera or you can just do what is called a screen cast. So, you record your computer screen, your slides and you're just talking over them.
If you're not comfortable on camera or if you don't want to show your face, you don't have to. You just record yourself talking. If you don't want to even do that, you can actually produce the content for the course and then hire someone else to do the actual recording of the actual course content.
How do you do that? You can either go to some very big marketplaces like Udemy which a huge marketplace for courses and there you can publish your course for free. They give you all the technology, all you have to do is to upload your videos, your content, and then they will sell the course for you, they will take the payments for you, they will wire you the money. I think it's once a month depending on how much you sell.
They do all the technology, the video hosting. They do the marketing, they promote the course for you. They do all of that for you.
That's a very profitable way of starting a business in 2019 and also one of the great things about that, it's passive income, it is automated income. Why? Because once you create the course, you upload it, you forget about it. You just get those commission checks coming in regularly without having to do anything. Pretty cool. That's one way.
The thing with Udemy is that they actually take quite a big cut of the money. They do most of the work and they take a big cut of the money. Similar situation to if you have your own book, right? Necessarily the book on the front end, it's not going to make a lot of money. Unless you sell it for a lot of money.
In specific cases, and we discussed this earlier, it's actually not going to make a lot of money, but what's going to make a lot of money is those people who go through the course, who want more advanced consulting from you, who want one on one mentoring.
Maybe they want a mastermind and a more intimate type set up, that's where you can make a lot of money. Or in the other extreme you can create your own course or have someone create your course and then you can host it, market it yourself, in which case you'll keep 100% of the money.
That's what we do here at 8020Research. We've been in this market, been doing this for quite some time, so it's just natural for us to do these things, that's how I got started.I got started by marketing my own courses, and kind of really keeping everything in house.
Would I do it again? Well, back in the days I didn't have the choice. Udemy back in the days wasn't around. Now there's Udemy, you may be able to start with Udemy or similar platforms, there's a couple of other ones. All viable options, it really depends, "Do you want to do most of the work and keep most of the money? Or do you want to do less work but also get less money?".
You can do both as you grow. It's just where would you rather get started? One thing though is remembering the key point is to start producing the course.
You may be thinking, "Hey, Tiz, but what if I'm not an expert,", or "What if I just don't have time? I don't want to produce a course." Then I've got good news for you. There is this one thing called private label rights.
This is how I actually launched my very, very first course. I remember I bought the rights to a course online, to sell a course online for $11.50. And that product then went on to make me over $150,000. The short version of it is that you're buying the rights to sell and modify that course as you please anywhere in the world for hardly anything.
Someone else has done all the hard work of creating the course content. You just come in, you just buy the rights and then you can change it, repackage it, and sell it as you wish. You don't even have to create a course unless you want to.
Best Online Business In 2019, position number one,
You want to know the fastest way to make money online, the fastest way to make thousands of dollars online. Well, this is it. Position number one - you learn things. Obviously, you're watching this and maybe you've tried building a business online before, maybe it didn't quite work out in the way you anticipated it to.During that process you gained some skills, you gained some experience, you learnt some things.
Why not monetize that? Why not use that? Why not leverage that? Essentially, you're going to other people and say, "Hey, would you like me to manage your Facebook page? Would you like me to manage your LinkedIn profile? Would you like me to do some type of digital marketing service for you." - That is the fastest way to make money online in my opinion, because people are going to pay a lot of money for your services.
They just don't have the time. They don't have the knowledge. They don't want the hassle of doing things themselves. So, they pay a lot of money for you to do it for them. Why not go to them and do it for them? You can easily charge thousands if not tens of thousands of dollars.
People are not going to ask too many questions. You just take the whole issue out of their hands. You can learn about how to write a LinkedIn profile for maximum conversion.
You can go to someone and say, "Hey, pay me 50 bucks, pay me a couple of hundred bucks for optimizing your LinkedIn profile." People will do that all day long, busy people who don't know how to do it, they don't have the time to learn.
Or you can do the same thing with Facebook or you can do SEO or you can publish videos on YouTube for them. You can write blog posts for them and so on and so forth. The list goes on and on and on. Now, one thing here is that you are all essentially selling time for money. Which is not ideal.
There are ways of scaling that aspect in the sense that you are outsourcing and leveraging other people to do the work for you. There are ways of doing that. Initially though, the reality is that you're going to be selling time for money.
The good news is that you're going to be selling time for a lot of money. If you need to make money fast, this is perhaps one of the easiest ways to make money fast.
And as you build that cash flow, you can then reinvest that cash flow into businesses that generate more automated income, more passive income, so that you can go and live the life you dream about, that you desire, you deserve.
Do what really ex, kind of lights you up. That being said, the three strategies that I shared with you here are just a very high-level overview.
Reinvest cash flow into other businesses that generate more automated income = more passive income.
It's all about the mindset on how you do things.
I have students who pay me more than 50 grand a year in some cases to coach them on the realities, the kind of the strategies which are important, what really gives them the biggest breakthroughs?
Your mindset is 80% of your success.
What distinguishes those who go and become very successful?
Your mindset is 80% of your success.
Point being is, it's all about the mindset. The mindset is what will allow you to turn these three business ideas in 2019 into highly profitable, highly successful business ideas.