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Profitable online business models for 2023

To make money from the internet, many different online business models might inspire you to launch a startup.

In this short article, we’ll share with you 10 top online business models for 2023 that are profitable and sustainable.

Best Online Business Models

Here are some most profitable online business models for 2023. You can learn what can bring back huge profits to your time and money investment.

1. Start Affiliate marketing 

Affiliate marketing is one of the best digital marketing strategies that can bring tons of money for marketers and business owners. Affiliate marketing is a great side hustle for beginners if done right.

Is affiliate marketing easy?

Not at all. Affiliate marketing is one of the hardest online business models to make money online, especially if you’re a total beginner.

You must be a social media influencer, professional blogger, or marketer to earn affiliate commissions fast in comparison to newbies.

Even those who are somehow professional in their fields, find hard to earn a decent amount of affiliate income. The truth is that affiliate marketing is hard but not impossible to earn tons of money. 

It all depends on you! Why do you do it? How do you do it? And what you’re doing? 

All these factors have a strong determining effect in the outcome.

The best piece of advice is to keep learning –especially from experts and successful affiliate marketers– and keep working by creating content, building your brand and running massive free or paid marketing campaigns.

2. Start a YouTube Channel 

YouTube is known to be the second search engine after Google. YouTube is one of the best video marketing platforms for content creators, gaming steamers, and online course sellers.

YouTube in the present time is predicted to be the best platform for selling digital products.

There are different ways to make money online on YouTube. Some popular methods are: 

• Promote affiliate offers 
• Shout out to sponsors 
• Earn from showing ads
• Sell your digital products 
• Create a subscription membership 
• Sell your expertise courses 
• Offer consulting services 

3. Be a Freelancer 

If you have some skills or none either, freelancing can be a great side hustle for earning extra income.

Content writers, digital marketers and web designers are just some examples of sellers’ categories who can make a good profit from selling services they like to work on. In fact, freelancing can be about anything you can imagine.

Join some prominent freelance platforms like Upwork, Fiverr, Hiresine and more. Then you’ll be surprised by how many freelancing gigs there are.

Even sub-gigs can generate great income if you’re a student. Freelancing can be done as a part-time or full-time job. It’s your time and decision to choose what suits you.

4. Travel Agent 

Travel agents or consultants might work independently or for a travel company.

In any case, travel agents are paid for reserving specific travel components for an individual or group, such as airline, rental car, and/or hotel reservations. Up to the time of the last payment, you are not compensated.

Travel agents that work for large travel agencies are paid a salary.

Depending on how much business the travel agent books, travel agencies may also give their staff members an extra commission or remuneration.

Read more about how to make money as a travel agent.

5. Rent your house 

Rental housing is a property populated by someone other than the owner, for which the tenant pays the owner a mutually agreed-upon rent regularly.

So if you could afford to buy a home or an apartment for just the sake of renting, it would be a great investment that will bring in recurring passive income for years. See more about how to make money renting houses.

6. Delivery Service 

If you’re searching for a method to earn some extra money and you spend plenty of time in your car or are familiar with your neighborhood, you might benefit from this demand by taking on deliveries as a side job.

7. Sell online courses 

Create an online course to share your skills and knowledge with those around you. If done correctly, it can also be used to make money by selling your courses online

8. Domain flipping 

Domain flipping is the process of purchasing a domain name for as little money as possible from one of domain names registrars. You can literally let it get older without doing anything.

Or, start adding SEO value to your domain name via creating a relevant logo design, website, adding articles and links, you’ll have the chance sell it to a buyer for much more than you paid for it in the first place.

See more about how to make money flipping domains.

9. Become a coach 

A skilled individual, or coach, assists a client or group of people in achieving a particular personal or professional objective through coaching, a self-development technique.

For their clients to accomplish the changes they desire, coaches assist them in identifying personal obstacles and gaining awareness of their surroundings.

Coaching strives to provide people direction and make them the greatest at a specific activity. By holding their customers accountable for their activities, fostering improved goal-setting, and offering support, coaches assist their clients in achieving their goals.

So if you’ve good skills to pass on to new generations, consider coaching as a great money source idea to make a living by helping people upgrade their self-development skills.

10. Start a blog

A blog is an online space that allows you to share personal or professional knowledge on the internet.

Launching a blogging business is one of the most successful online business models in 2023. 

It is so interesting to know that starting this online business model has over 18 blog monetization strategies.

Do you see how much it’s profitable to start a blog in 2023?

The hard fact is blogging in our current time is not like the old days. Modern blogging is like launching a startup.

It takes high-quality knowledge, market research, a minimum of 1000$ capital if you don’t know how to write SEO-friendly content and an entrepreneurial mindset.

We’re not telling you should start when you’re an expert. But at least, do your homework. Otherwise, money loss and business failure will become your nightmare.

The best investment, we strongly recommend to avoid wasting ton of time and money is work with a mentor.

What is a mentor?

A mentor, in simple words, is an expert entrepreneur and experienced person who has went through many failures and ventures in one field or at many.

A mentor is the best guide for beginners to guide you through your life and business journey so that you can save time and money in order to achieve satisfying results.

Starting a blog in 2022 is an easy task. But to build a successful blogging business is the hardest job. It takes time, skills, money, consistency and dedication to achieve success.

Many people claim that you cannot start a blog for free— which you can for sure. Check out our article about 8 free blogging platforms you can start with in 2023.

They advise purchasing a domain name, a web hosting plan (Bluehost is a popular choice recommended by influencers), and an expensive WordPress theme.

But I believe that is absurd.

On Medium, you can get started for nothing in under five minutes. They have more than 60 million readers each month, so if you’re featured there, you’ll gain a lot of exposure.

Watch Nate O’Brian talking about the best 8 profitable business ideas in the 2022 market-economic recession:

What Matters

We are in the last quarter of 2022. If you’re interested in starting an online business, now you have got a good idea about the best online business models for 2023 we shared with you.

Remember that’s never too late to launch an online business. Just make sure to follow the next steps before starting your business: