The #1 Best Online Business to Start as a Beginner (2023)

Last updated: Jun 24, 2023

The video discusses various online business models and ultimately recommends starting a software as a service (SaaS) business as the best option for beginners, citing its potential for passive income and low startup costs.

This video by Adam Enfroy was published on Oct 5, 2022.
Video length: 15:34.

The video discusses various online business models that are popular for beginners, including Amazon FBA, dropshipping, and software as a service (SaaS).

The speaker explains the pros and cons of each model and then focuses on SaaS, which he claims is the number one business that makes him over $400,000 a month in mostly passive income. He encourages viewers to watch his free masterclass to learn more about how he achieves this success through affiliate marketing.

Overall, the video aims to provide guidance for those interested in starting an online business.

  • The internet has changed the way people work, live, and do business.
  • Not all online business models are created equal.
  • SaaS is the best option for beginners because of its potential for passive income and low startup costs.
  • Amazon FBA requires creating a product from scratch, which takes thousands of dollars in man hours.
  • Drop Shipping can get very expensive depending on how popular and competitive the products are.
  • Starting a SaaS business requires a lot of knowledge and resources.
  • Starting a personal brand blog is the best option for beginners to make money through affiliate marketing.
  • Choosing the right keywords and link building are important for getting traffic to your blog.
  • Blogging is a content-driven business that makes passive income without needing a product to sell.

The #1 Best Online Business to Start as a Beginner (2023) - YouTube

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Introduction

  • The internet has drastically changed the way people work, live, and do business.
  • There are many opportunities to start an online business, but they're not all created equal.
  • The video covers different business models that are popular for beginners.
  • The video recommends starting a software as a service (SaaS) business as the best option for beginners.
  • SaaS has potential for passive income and low startup costs.
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Amazon FBA

  • Amazon FBA is a business model where you create a product and sell it through Amazon.
  • Amazon handles all the logistics and shipping for you.
  • There are fees associated with your product depending on its size and weight.
  • You also have to pay monthly and long-term storage fees if you don't sell enough of your product.
  • Creating a product from scratch takes thousands of dollars in man hours, especially if it's in a competitive niche.
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Drop Shipping

  • Drop Shipping is a business model where you list a product for sale online and once someone makes a purchase, the order is fulfilled by the supplier or manufacturer that holds the inventory for you.
  • You don't have to handle any of the invoicing, shipping, handling, or inventory.
  • You need to market and sell your products, which can get very expensive depending on how popular and competitive the products are.
  • Some of the most common issues people face are delayed shipping time, supply chain shortages, and too much competition in the marketplace.
  • Thin margins after you consider the cost of product shipping and marketing overall demand.
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The #1 Best Online Business to Start as a Beginner (2023) - YouTube

Software as a Service (SaaS)

  • SaaS is any software that you pay a monthly fee for.
  • Creating software that people need and will use is the key to success.
  • Examples of SaaS companies include email marketing services, video hosting, design tools like Canva, and even Zoom.
  • SaaS has potential for passive income and low startup costs.
  • Affiliate marketing through a blog is a great way to earn money with SaaS.
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Conclusion

  • Starting an online business is a great way to make money.
  • Not all online business models are created equal.
  • SaaS is the best option for beginners because of its potential for passive income and low startup costs.
  • Affiliate marketing through a blog is a great way to earn money with SaaS.
  • Creating software that people need and will use is the key to success in SaaS.
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Software as a Service (SaaS) Business Model

  • Create software that solves a problem in a specific industry.
  • Sell the software at a competitive monthly price to drive up monthly recurring revenue (MRR).
  • Requires a lot of knowledge about the industry and access to people in the industry.
  • Hiring programmers and designers to create the software can cost hundreds of thousands of dollars.
  • Need to find customers and fix bugs as they arise.
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Done for You Agency Model

  • Provide a service in high demand to businesses, such as social media marketing or lead generation.
  • Charge a fee for the service, such as $2,000-$5,000 per month.
  • Requires experience and skills in the specific service being offered.
  • Can be difficult to gain the trust of clients and produce a profit for them quickly.
  • Not recommended for beginners.
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Starting a Personal Brand Blog

  • Start a blog as a personal brand to make money through affiliate marketing.
  • Use data-driven approach to make money by being a middleman between a search phrase and a purchase.
  • Make money through affiliate marketing first before creating a product or email list.
  • Structure blog content in a way that is clean and easy for readers to navigate.
  • Use ads on pages with broad searches and high traffic to monetize that traffic.
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Conclusion

  • Starting a SaaS business requires a lot of knowledge and resources.
  • The done for you agency model requires experience and skills in a specific service.
  • Starting a personal brand blog is the best option for beginners to make money through affiliate marketing.
  • Structure blog content in a way that is clean and easy for readers to navigate.
  • Use ads on pages with broad searches and high traffic to monetize that traffic.
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Starting a Blogging Business

  • Blogging can make passive income through banner ads and affiliate marketing.
  • Assembling content in a specific way can get search traffic and capture the intent of the person searching.
  • Targeting monetizable keywords and ranking high in Google search engine rankings can bring in money month after month.
  • Starting a blog requires creating an actual website and setting it up to make SEO-friendly content.
  • Hosting, a content management system (CMS), a domain, and WordPress plugins are needed to get started.
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Choosing Money-Making Keywords

  • Google uses AI to determine what content is worth ranking, so it's important to choose the right keywords.
  • There are opportunities in emerging keywords in your niche that you're targeting.
  • Using the word "best" in the matching terms tool within Ahrefs can help find the best keywords to rank for.
  • Good keywords with purchase intent are for terms for things like best laptops, best fishing rods, best running shoes, and best phone cases.
  • Creating transactional and informational articles can help people make a purchase decision and educate them about broader topics.
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Getting Traffic

  • Getting traffic is all about well-written and well-researched content optimized for Google to rank and link building.
  • Link building includes guest blogging, link partnerships, and getting mentioned in high-profile blogs and news sites to build authority and backlinks to your site.
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Why Blogging is the Best Online Business to Start

  • Blogging is a content-driven business that makes passive income without needing a product to sell.
  • Blogging allows for infinite pivoting of content based on personal brand and identity.
  • Blogging allows for opening up multiple revenue streams, including affiliate marketing, ads, selling courses, sponsorships, and more.
  • Following a specific blueprint can help gain traction as fast as possible.
  • Clicking the link in the description below can lead to a free Master Class on how to start an online business and be successful.

Watch the video on YouTube:
The #1 Best Online Business to Start as a Beginner (2023) - YouTube

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