The Most Lucrative Online Businesses

The world is shifting from service-oriented industries to knowledge-based societies. The internet is the primary catalyst for this dramatic shift in the way we conduct global business. Similarly, the most lucrative companies in today’s world are online enterprises as opposed to physical establishments. Join this revolution. You can do that by starting an internet company after you evaluate the most lucrative online businesses.

Setting up a Website: Purchasing a Domain Name & Web Hosting

If you’re going to be running an online business then you need a website, which means a domain name and a hosting plan. Typically you can purchase both of those through one company, we recommend GoDaddy based on their prices and service. We even found a godaddy coupon, there are really good deals for new customers. Even if you already have hosting, you might want to consider switching over for the savings. You don’t need anything fancy like WordPress managed hosting, just a basic Linux web hosting plan for one website is fine. Unless of course you plan on having multiple websites, then there are other plans that are a little more expensive but still cheaper than having multiple hosting accounts with the convenience of all your websites being in one account.

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Social Media Management

Social Media Management refers to the act of monitoring online conversations and participating in them on behalf of a particular company. Other duties include scheduling posts, responding to queries by customers, and managing online communities connected with the business. Social media managers have to excel in specific skills such as interpersonal communication, time management, and product knowledge. Technological wit is also critical for such a position.

Social media experts receive vast amounts of money from established companies because these platforms are critical to their reputation and value. For example, the shares of United Airlines fell by $770 million after a video post of an unfortunate incident on their plane went viral on social media. To stop this losing streak, United Airlines had to engage with the public on social media.

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Web Developer

Web developers create websites and web applications for businesses, organizations, governments, and individuals. Currently, the top fifteen countries in GDP have 180 million companies with 30 million of them being in the US alone. This figure accounts for active and registered firms only. Consequently, millions of additional businesses exist in these nations if you include startups and unregistered entities.

Moreover, non-governmental organizations and governmental agencies require websites and web applications. Personal sites for prominent individuals are also prevalent in contemporary society. The conclusion is that web developers will always have work because the numerical growth of these entities is inevitable. However, the need for websites will remain constant for current and emerging organizations.

SEO Marketing

Having a website is not enough if you want to reach a broad audience. You need SEO management for that to happen. Remember, 91% of the online users who search on Google do not go beyond the first page. In fact, many of them check the first three results alone while ignoring the rest. Boosting your search engine ranking is critical if you want to drive traffic to your website.

Remember, the more traffic you receive, then the more leads you will get. Consequently, businesses focus their money, resources, and effort on Search Engine Optimization (SEO). You will receive loads of money for creating relevant online content for the business, generating links to the website, and keyword research among others.

Blogging

Research indicated that there were 316 million blogs in 2013. In 2015, the US alone had 28.3 million users who updated their blogs on a monthly basis. Unfortunately, only a few of these bloggers understand the value of operating blogs. For example, many of them do not know how to make money through Google AdSense and affiliate marketing among other avenues of revenue for bloggers.

Did you know that income from Google AdSense amounted to $3.4 billion in the first quarter of 2014? Did you also know that US retailers spend as much as $4.7 billion on affiliate-marketing programs annually? Open a blog today so that you can start earning from Google AdSense or affiliate marketing.