Finding online business ideas is not as difficult as you might think. The best place to spot the right opportunities is Webmaster Forums and Online Marketplaces. Here are some places you can consider to look for ideas.
DigitalPoint is THE forum for webmasters. Inside, you can find Buy, Sell, Trade section, in which you can look for Sites forum, containing listing of website for sale (including thread of members looking to buy sites in particular criteria.)
From each of the thread, you can see how many views and replies made on that particular thread. When you look for online business ideas, look for threads that are active – with plenty of views and replies. Take note, “active” could mean that the site for sale is hot or is controversial – either in a positive (e.g. site with great profitability and/or potential) or negative way (e.g. scam site listing.)
Analyze the listing to spot lucrative online business ideas – which niche is hot? What kind of site has better potential? What members say about the sites? Believe it or not, you can learn a great deal from members’ posts.
Flippa is buy and sell site marketplace. Similar to DigitalPoint, you can find listing of sites for sale, only with better details and credibility (Flippa requires payment for listing, verifications and proofs to get your site listing valid.)
Also similar to DigitalPoint above, you can track which listing is busy, with some bids and members’ comments on the listing – those are some measurement that can indicate the potential of the sites listed.
You can particularly see a site’s financial report – the asking price, revenue/profit details, revenue stat, traffic stats and more info from the site seller. From this you can learn that a certain web asset can be more valuable than the others.
For instance, blogs are generally worth many more times than their profits – can be anywhere between 12 to 50 times monthly profits. Ebook sites are generally sold for somewhere between 1 to 5 times monthly profits. Some sites are potential-based, which asking prices are based on the potential of the sites, rather than the revenue. All in all, the key is to watch on the listings and analyze whether what you see can be a lucrative online business idea for you.
Ebay, the leading auction site, is no longer that hot anymore, but it is still a great source for online business ideas.
You can research for trends and supply-and-demand of the respective categories – Just visit a category, say, Electronics and see how many listings inside – this can be a good indicator of how ‘trendy’ the category is. Then you can learn whether the auctions in the category are active or not. You can see which products are performing well in the auctions and you can start to ‘distill’ some online business ideas for you, especially if you are looking to start an ecommerce site.
ClickBank is the leading digital product marketplace, allowing you to promote your own products or other people’s products in a secure and trusted environment.
You can browse the categories and see what products are hot – usually those that have high ‘gravity’ (popularity.) A Spoiler: E-business/E-marketing is one of the most popular categories, with plenty of highly popular digital products.
You could set up a site promoting those affiliate programs or create a digital product in the popular niche, or simply getting some ideas.
Any other sites to recommend? Please do so by commenting on this article.
Discovering online business ideas