11. Starting a blog
Industry: Internet publishing;
Ranking on Business News Daily’s list: #19;
We are continuing our list of lucrative low cost startup businesses in 2016 with blogging that is not as lucrative as it used to be, but this niche still offers solid returns, and it doesn’t require large investments. Most successful blogs are started by experts, who are targeting a very specific audience. There are many ways how you can build a lucrative business out of the successful blog. You can use the native advertising concept and promote various products and services. There are also many affiliate networks you can hook onto, the most popular of being the Amazon Associates, which allows you to sell Amazon products on your blog and earn a commission for each sold item. You can also offer consulting services to your followers or start your own eCommerce platform.
Ditty_about_summer/Shutterstock.com
