Part 5/8:
Option 4: Selling Online Services
If you’re looking for a modern alternative, selling online services could be the best decision. Offering services such as social media management, copywriting, or video editing delivers high profit margins while providing access to a global clientele. Unlike physical products, the nature of services allows for quicker gains without the need for product restocking, making it an efficient way to kickstart your income.
Crafting Your Online Service Offering
Moving forward with option four, you need to determine the right online service. To identify the ideal niche, pose three questions:
What skills do you excel at?
What subjects interest you?
What common problems do businesses face?