7 Recession-Proof Online Businesses you can Start Now
By: Sam Maiyaki
Tags: Online, Videos, Internet, Marketing, Business

The advent of the internet has presented a plethora of opportunities for everyone with an internet-enabled device and of course, an internet connection. In this article, I will be highlighting 7 of these opportunities to you. However, before we get started let us look at the basics. Fundamentally, making money online has to do with converting your latent non-monetary wealth into cash. When starting, it is ideal to create products and services around your passion.

Furthermore, by harnessing factors such as Leverage, Investing, Reach, Sales, Scaling, etc. you can build a substantial income online around that passion in no time.

With that said, let us jump into our recession-resistant online businesses that will keep you afloat this Post-Covid 19 era.

Offer Services

This involves selling a digital skill you already possess. Skills such as Copy Writing, Graphic Design, programming, Search Engine Marketing, social media Optimization, etc. There are millions of businesses/individuals in need of these around the globe. You do not need any initial capital to start. Freelancing your services is one way to start with absolutely nothing. You can host the services you offer on websites such as Fiverr, Upwork, PeoplePerHour, etc. for starts.

I have a free graphic design course that will be of tremendous help to you. You can get started immediately here.

2. Affiliate Marketing

Affiliate Marketing involves getting a commission by promoting other peoples’ products and services. You discover an item you like, promote it to other people, and receive a cut from every successful purchase. Simple! There are so many platforms out there with thousands of products/services you can promote and get a commission e.g. Amazon Affiliates, ClickBank, ClickFunnels, Offervault, JVZoo, etc.

3. Sell Information Products

This is similar to Affiliate Marketing except that the digital products are 100% yours. You create them yourself and sell them using diverse channels such as your website, affiliate platforms, social media, etc. Information products such as eBooks, workbooks, Business Plans, Video Tutorials, Courses, etc. are best sellers in this category.

4. E-commerce

This involves exchanges made possible by utilizing the internet. Each time people and companies are purchasing or selling items online they’re participating in e-commerce. The term e-commerce likewise envelops different activities including web barters, Internet banking, payment gateways, and online ticketing. Experts predict that retail e-commerce sales will reach $4.13 trillion in 2020. And by 2040, it is expected that 95% of all purchases will be via e-commerce.

So you see, e-commerce is huge! And will keep getting bigger and bigger in the coming years.

5. Forex Trading

Forex trading, also known as foreign exchange or FX trading, is the conversion of one currency into another. FX is one of the most actively traded markets in the world, with individuals, companies, and banks carrying out around $6.6 trillion worth of forex transactions every single day according to Ig.com.

To become a successful trader takes training and practice. However, with determination and discipline, you can achieve this. To get started in Forex Trading or to get a better understanding, you can join the Traffic FX Facebook group. This is a platform where you learn Forex first hand from seasoned mentors with a track record of success over years of mastery.

6. Print on Demand POD

According to Shopify,

“Print on demand is a process where you work with a supplier to customize white-label products (like baseball hats or tote bags) with your designs to sell them on a per-order basis under your brand.”

There are numerous platforms out there for you to get started. Websites such as Teespring, Etsy, Printful, Printify, Spreadshirt, etc. allow you to customize an infinite library of merchandise with your custom designs without paying any upfront fee and sell them at a price. Once a sale is made, you get a portion of it.

7. Become a Video Content Creator

Video content makes people; see, hear, and understand brands easier. It is estimated that the average person will spend 100 minutes every day watching online videos in 2021. Video Content such as; Animated explainer videos, 2D and 3D animated commercials, a mix of animation and live-motion, Whiteboard marketing videos, etc. will take center stage in 2021.

Platforms such as YouTube, Facebook, Instagram, and TikTok have tremendously improved user engagement and retention by investing heavily in making videos available more than ever before. This points to one thing, the need for more video content creators.

Conclusion

Online income flows towards service and value not necessarily work and time. The more value you offer the more you earn. Thinking it will flow to you because you are less fortunate, most deserving is just a myth. It moves towards those who value it least to those who value it more.