Digital entrepreneurship, commonly termed online business, has opened up opportunities for individuals to connect with customers around the world, without the need for physical contact. This article focuses on the top ten (10) passive income businesses that can be started in 2023 using only digital skills and resources.


1. E-commerce

E-commerce is a rapidly growing industry, and e-commerce retailers can benefit from several strategies such as setting up an online store, using e-commerce platforms, or selling through affiliate programs. To launch a successful e-commerce business, it's important to research your market and identify a niche market to sell to, find products yourself or work with a wholesale supplier, and become an affiliate marketer to promote products or services.


2. Online course developer/creator

Online education and course development are also popular passive income businesses. To develop a successful course or training program, you need to identify your target audience, generate leads through offering a free trial or discount, and create a sales funnel to scale your business.


3. Social media manager

Social media management is a crucial aspect of any successful online strategy. A social media manager should create a plan for how the client should use social media, keep the posts interesting and engaging, use social media to build relationships, and drive traffic to the client's website. Social media management is a growing field, and you can work as a contractor or a freelance social media manager to make money.


4. Dropshipping

Dropshipping is a business model where you sell products online without having to carry the products in-house. Four methods for dropshipping include using a dropshipping platform, using a dropshipping supplier, using a dropshipping app, or selling products from your inventory. Dropshipping is a great option if you have a limited inventory and want to avoid the hassles and costs of running a physical business.


5. Mobile app developer

Mobile app development requires creativity and technical know-how to create user-friendly and functional apps. Knowing your niche and understanding features, functionalities, and capabilities are important to succeed in this field. Monetization options include selling ads, in-app products, subscriptions, updates or modifications, premium features, data, and design or development services. Platforms like BuildFire, Appy Pie, and GoodBarber allow you to build apps without coding skills. Freelancing on Upwork and Fiverr requires independence, multitasking, timing, and quick and efficient execution.


6. Virtual assistant

Virtual assistantship is another way to help people with administrative or light marketing tasks. Efficiently handling multiple tasks and communicating with clients are important skills. Finding a good VA company with a good reputation and volunteering to build your profile are important initial steps. A positive attitude and patience can lead to making a lot of money as a virtual assistant.


7. Online tutor

Online tutoring is a service provided by professionals who are experts in their subject areas and are willing to share their knowledge and expertise with others who want to learn. With the growth of online learning and remote work, online tutoring has become increasingly popular. As an online tutor, you can offer your services to students of all ages, from primary school to university level. You can choose to specialize in a particular subject or offer tutoring services in multiple subjects. Many online tutors offer their services through video conferencing platforms, such as Zoom or Skype, and use digital tools and resources to enhance the learning experience. If you are good at something, teach it and take some dollars for that!


8. Crowdfunding organization

Crowdfunding allows people to raise funds from a large number of people through the internet and other digital channels. To build a successful crowdfunding platform, research the best platforms, create a strong campaign strategy, build a strong campaign page, promote the campaign, and monitor the campaign regularly.


9. Digital marketer

Digital marketing is an essential part of a company’s marketing strategy that helps to increase website traffic, leads, and sales. There are various types of digital marketing, including affiliate marketing, paid search, and social media marketing. Affiliate marketing involves partnering with a digital marketing agency or individual to promote their products and earning a commission when a customer clicks on the affiliate’s link and makes a purchase. Paid search involves paying online advertising companies to place ads on SERPs and earning a commission when potential customers click on the ad. Social media marketing involves using social media platforms to reach and engage customers by posting about products or services and including a link to the website or landing page.


10. Online business analyst/consultant

Online business consulting provides professional advice and assistance to businesses to improve their operations. Consultants with years of experience can guide strategy, marketing, finance, and optimize operational systems. Business accelerators help businesses grow faster and overcome challenges through website design, marketing, and web development. They can earn money by charging a membership fee, providing mentorship or marketing assistance, offering consulting services, or selling products and services.


Lastly, the online business ideas discussed in this article are great opportunities to start or grow an online business, from e-commerce to mobile app development. With digital technology, making money doing what you love is a life-changing experience that only requires an internet connection, a mobile device, and investing time and skills.


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Membership and subscription online business models are also highly profitable today. They are similar in approach but different in application. You can learn more about how they differ - https://onlydifferences.com/difference-between-membership-and-subscription/