The digital realm promises budding entrepreneurs a wealth of opportunities to capitalise on consumer demand. For many, building a business online is also a lot cheaper than starting a brick and mortar business. It also ensures that you are able to reach a broader audience, bulking up the chances of maximising conversions and boosting your bottom line.

Sound interesting? Here are a few ideas for building a business online to inspire you.

Blog writing

Do you have a natural talent when it comes to the written word? Perhaps you have been blogging as a hobby for a while now? Why not consider turning your pastime into a profitable business? You could set up monthly retainer packages or market an attractive rate per blog, using social media to spread the word.

Social media

Speaking of social media, Generation Z is known to be pretty clued up regarding how to make the most of it. Therefore, you might want to consider signing up to take a course on social media marketing (many of these online courses are surprisingly affordable) and offering social media services to brands and businesses far and wide.

Once you have the skills you should look at some of the freelancer platforms such as Upwork and Fiverr. There are so many freelance opportunities for designers, copywriters, translators and even website development.

Virtual assistant

You could start a business as a virtual assistant with relative ease. When your schedule books up, you could rope in a few other hard-working, ambitious friends or relatives to help tackle the overflow. Before you know it, you will have a thriving establishment on your hands!

The great news is that most virtual assistant tasks are simple, such as email management, following up with clients, cold calling, and booking appointments. The need for training or experience is minimal!

Online course content creators

With online education progressing almost by the month, there is an opportunity for you to share your knowledge or skill set in the form of an online course. As long as your courses are of a high quality you will be able to make money from them. Alternatively, watch out for platforms looking for online course content creators.

There is no doubt that the digital world is a wonderful asset to young entrepreneurs of today. Along with starting an online business, you can also leverage it to learn more about managing that business effectively via the new SA Teen Entrepreneur online academy. Start the new year off on the right note check out our video here, then sign up today.