If you are tired of working too hard and still not earning enough, I have a solution for you. Just two years ago, I left my job and started working from home. Today I make millions and that too from the comfort of my home.
If you are struggling with money and use social media, you might have come across these ads all the time.
From Instagram to Twitter, and even Snapchat, nearly all social media apps have become an elaborate scheme of earning and spending money.
Although there is no doubt most of these posts are real and offer financial advice that actually works, not every piece of advice is actionable. In fact, most of these ads and posts will lead you straight to the link in the bio, some landing page on a website, a sales pitch, or a template that will ask you to pay.
If you are also tired of wasting money and not making anything, this write-up will help you navigate through the challenging journey of digital business. Here are some digital businesses that might look easy but are quite challenging.
Content Creation
Content creation is a lucrative business and people have become billionaires through this business.
From famous YouTubers to social media influencers, people are landing brand deals left and right, which is helping them earn a lot of money. The best thing about this business is that there is no age limit, entry barrier, or gender restrictions, you just need a decent camera and reliable internet near you.
While content creation seems like easy money, the competition is fierce. During COVID, most people already worked on their content creation career, so beginners now find it very challenging to make their mark.
If you are also thinking of starting your content creation journey, keep in mind that there are more technical details than you probably thing. You need to have a grip over every detail including marketing and branding if you really want to be successful.
Drop Shipping
One of the best and oldest digital businesses, drop shipping has helped people become successful in their careers. However, it is common knowledge that the golden days of drop shipping are over. High tariffs, expensive products, and a limited understanding of the product means you will be stuck with the same few products.
Experts believe that 90% of the drop shipping businesses fail because people do not have control over products, become stuck in the wrong niche, choose of sales channel, and have lengthy shipping timings.
Overall, this business might seem a good pick, but you need to have an in-depth understanding of shipping, products, and other details within the logistics.
Blogging
Blogging was considered a golden business within the digital marketing business. However, thanks to the complexities of SEO, consistent updates done by Google, AI dominance, and other form of content have changed this business completely.
Today, even the most established and loved blogging brands are struggling with their traffic. In fact, with every passing day, it is becoming even more challenging for bloggers to find a suitable niche and build their authority.
Selling Digital Art
Digital art has become one of the best and most famous passive income stream ideas of recent times. You just need to have a basic understanding of any simple design tool to design your art and sell it online.
From calendar templates to pop quizzes, board games, and fun information for kids, the options are endless. You can make all these things advertise them online and sell them on digital platforms like Etsy and Pinterest.
This idea seems very lucrative and for most people, this has worked as well. However, the market is saturated. You can be good at making the same stickers, templates, calendars, journals, and pictures. However, that is simply not enough.
For selling digital art, you do not just have to be an artist but also a marketer. So, unless you don’t rank them better, advertise them, and work on the keywords, they will end up buried under the pile of other digital work.
Trading
Trading is one of the most sought-after skills. The profit margin in this field is huge and most people think it will be their ticket to success. While for some experts, this might be true, trading is exceptionally hard.
Moreover, a high-risk and high-return business requires a detailed understanding of finances, so unless you are not sure, it is just gambling. Trading is an active profession, so if you are seeking a passive income stream, this might not be an ideal pick.
Most self-proclaimed trading experts on Instagram and other social media sites just want to sell their courses to people who are desperate to earn some money.
Keep in mind that trading requires a lot of research about the market, its trends, and other details. Moreover, the trading market is quite volatile, which means you have to be vigilant at all times and there is no room for mistakes.
Simply put, digital media has become one of the most concentrated markets right now. Today, the entry barrier is high and even the best strategies take time to work. So, if you are thinking of starting a digital marketing business, it is important to weigh your options.
Also Read-15 Ladybug Spiritual Meaning
