hey everyone and welcome to top think today we're gonna learn about the top five online
business ideas of 2020 now let's begin number one search engine optimization every business wants
one thing to get attention you need to attract customers to outdo the competition and to let
the world know what you have to offer and these days there's one foolproof technique to get the
attention you're looking for and that's search engines many companies around the world rely on
search engines to generate business on its own Google sees around sixty three thousand searches
every single second that's over five point six billion searches each and every day no matter
what field or industry you're in that's a lot of people a lot of potential customers so you need
to make sure your company shows up as often as possible but most don't realize how you actually
climb ranks on any search engines it's just not about popularity you could find your website on
page ten even if you have plenty of customers the real secret is search engine optimization or SEO
the goal of SEO is to create online content that's searchable the actual definition of
what searchable means would take a bit too long to explain so I'll just say this SEO checks the
right boxes and presses the right buttons to get you as close to the top as possible
because that's what it's all about right about 40 percent of people click on the first link
they find on Google and another huge percentage never leaves the first page in other words if
your website stands at the top you'll get more attention and attention means potential business
so how can you turn SEO into an online business more and more online companies are sprouting up
every single day and all of those companies need someone or some way to get attention but very few
of them know how to navigate the complicated world of search engines so why not fill that
void set aside a few hours a week to learn SEO there are plenty of classes videos and blogs
that can teach you everything you need to know it might sound difficult right now but if you
put in the time upfront you'll profit immensely down the road because SEO experts are constantly
in demand every business needs online attention so every business is going to need someone like
you number two personal consultation every day millions of people scour the internet looking
for someone to help them someone to manage their business or to give them health and
fitness advice personal consultation is in any category an incredibly lucrative place to start
your business so whether you're coaching giving advice or leading an online course consultation
makes for a very natural and profitable business because you're using knowledge that you already
have nine times out of 10 you're taking something you already know and just applying it to someone
else's life because that's the part that people really need help with they know the facts they've
memorized the tips and tricks but they don't know how to put those theories into practice
so that's where you come in now of course it can be a little challenging to get your consultation
business off the ground no one's going to pay you unless they feel like you can actually help
them but how do you prove how much you're worth the key is this value first execution later in
other words you want to create as much intention and value as you can in the beginning you've got
to show them that you have something to offer without actually solving the problem for them
because if you can prove your worth people will pay you to finish the job now of course that's
not the only way to get people interested in the consultation business testimonials are key you
need proof that you've actually helped people in the past so when you're first starting out
don't worry about trying to rake in a big check just try to help someone analyze their problem
and use your expertise to get them on the right track if you do a good job those people may leave
you a great testimonial which gives your business the reputation you need to succeed number three
affiliate marketing you can find this kind of business anywhere online but very few people
understand what affiliate marketing actually means to put it simply affiliate marketing
is when a content creator promotes a product or service which ultimately brings in new customers
and it stirs up new business so naturally the content creator gets a piece of the pie every
time someone buys one of those products thanks to the creators marketing of course they get a small
Commission it may only get a small percentage but let's say they bring in thousands of new
customers hey those commissions may add up pretty quick and you may find yourself making hundreds
if not thousands of dollars overnight which means you're earning a stable income without lifting a
finger and now that you get the gist let's dive a little deeper affiliate marketing breaks down
into three pieces first you have the merchant the merchant is any person or business who has
something to sell their goals are pretty simple popularity name recognition and customers the
next piece of the puzzle is the affiliates that's probably going to be you affiliates are typically
online promoters some are just a single person others are an entire company it really doesn't
matter as long as the affiliate generates a lot of traffic because traffic means attention and
attention means business now here's the beauty of being an affiliate you aren't limited to a single
merchant you could advertise one product one week then another the next and you'll earn commissions
for both because online content continues to circulate long after its original publication so
if you're smart about it you could find yourself making all kinds of money in no time and last but
not least we have the consumer the third piece of the puzzle which is the most important part of the
process because your Commission's don't exist if no one buys that product that's why presentation
is such an important thing to consider how are you presenting your product why would people take
the time to click on your link or to pay money for something you recommend so what should you
take away from all this if you want to get into affiliate marketing you need to remember two
things one attention is a resource just like money if you're a popular content creator you have it so
put it to good use and number two your audience should be your biggest concern take the time to
think about the people you're appealing to and the way you're marketing a product because your
presentation can make or break your business if you can do that affiliate marketing may be your
path to online success in 2020 number four the membership model if you're looking for
a stable monthly income membership programs are the way to go whether you're teaching consulting
or selling merchandise memberships are great ways to establish a consistent community for
your service or product the idea is pretty simple let's say you're offering fitness consultant when
a customer visits your site they get a small taste of what you have to offer they read a
couple of posts view some testimonials and watch some short videos because you need to prove to
potential customers that your content is worth the money if you did your job that customer is
going to want more they'll run out of free stuff to look at so they'll pay the small fee to get a
look behind the curtain and after paying that fee they get access to all kinds of exclusive services
like personalized routines exclusive merchandise and the opportunity to talk and interact with you
directly and that exclusivity keeps them coming back for more but what if you're not offering a
service how can you apply a membership program to a new line of products well many companies
use a system called box subscriptions in a box subscription companies send monthly collections
of small product samples those samples not only encourage people to continue receiving
boxes they also generate business for the individual products customers get a chance
to try them out so they're more likely to order them again in both examples the membership model
is serving an important purpose it's creating a community it encourages people to invest in you
your product and your company's personality they won't mind paying the monthly membership because
they've learned to trust you as a provider and that makes them feel like they're getting their
number five informational content do you want to turn your hobbies into a career if the answer is
yes an online business may be your best bet start by asking yourself one simple question what am I
good at it could be anything a sport a craft or maybe you just know a lot about a specific subject
whatever it is you can turn your area of expertise into a successful business informational media has
been expanding online for years because there's no limit on what you can talk about in fact some of
the most obscure subjects develop huge followings millions of people watch videos on niche hobbies
like woodworking or ceramics no matter what you're passionate about there will always be people who
share your interests so use that to your advantage create a YouTube channel or advertise yourself
on social media if entertainment isn't your thing you could also produce instructional
videos weigh in on controversial topics or write a weekly blog but here's the best part these are
all things you can do in your spare time and every one of them could help you build a fan
base to gain popularity or educate a worldwide audience so don't wait turn your interests into
a lucrative business and make 2020 the year you find online success hey thank you for
watching Top think and be sure to subscribe because more incredible content is on the way