The best way to grow your business in 2020 - Part 2

In the previous post "The best way to grow your business in 2020 - Part 1." I tried to outline the basic questions when starting a physical business. 

In this post, I am going to start from the online businesses and give you some knowledge in the planning and points to take into consideration.



Online Businesses

Online business is the most populated, most broad and most profitable in terms of present and future businesses. Online businesses currently have too many branches and varieties you can try your hand at.

As the world progresses into a more civilized era, ways of making money have also become more advanced. It has gone beyond the normal buying and selling into a variety of businesses. Individuals and companies have also tried their best in making everything digital as they saw the profit in going digital rather than staying physical.

Advantages of Online Businesses Over Physical Businesses include:
  • Distance is not a barrier 
  • Improved reach of business
  • Improved means of reaching potential customers (Advertisement)
These are just but a few of the benefits of online businesses. In comparism with physical businesses, online business provide more benefits and sets you on the right path into the future.


Online businesses consists of  many different business. The popular ones which include:
  • eCommerce
  • Freelancing
  • Cryptocurrency 
  • Affiliate Marketing
  • CPA Marketing

eCommerce

eCommerce mainly has to do with the buying and selling of goods online. It has many subtypes like: Dropshipping, Dropservicing and others. Many people that does this kind of business usually make use of an eCommerce platform like Shopify, Woocommerce and the like.

Freelancing

Freelancing mainly has to do with the buying and selling of services online. it can be typing, transcribing, editing and much more. Services are usually sold online with the help of platforms such as Fiverr, Upwork and others.

Cryptocurrency

Cryptocurrency mainly has to do with the buying and selling of currencies. It is usually buying currencies at low prices and selling at higher prices. Cryptocurrencies will most likely take over in times to come. Cryptocurrencies has the potential to overcome the limitations of our local currencies and dominate other currencies.

Affiliate Marketing

Affiliate Marketing is simply helping others to sell a product for a commission. It can be a 30% or 50% commission. Many individuals as well as companies use affiliates to further increase their sales and presence.

CPA Marketing

Cost-Per-Action Marketing is similar to affiliate marketing in the sense that you help to promote other individuals product but in CPA marketing, you earn once a certain action has been completed. It is usually actions like: Email/Zip Submit, Mobile downloads and more. 

This is just a brief introduction to the most popular means of making money online currently.

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