Capital expenditure requirements are dramatically reduced in cases of online businesses, so you can easily think of being your own boss online.
The concept of online businessThe web has expanded exponentially and most for most people, the communication channels have probably shifted to social networking sites. You can easily start working from home by bidding online for contracts and then taking charge of delivering the finished product to the client. You can even hire employees online and manage all aspects of resource care including salary disbursement online.
Hotmail’s Sabeer Bhatia is a shining example of someone who started out small and made it huge with a great online business idea. Hotmail was conceptualized (in 1995) as a free, web based mail service that is easily accessible on a global scale. The business was born with only Rs.4 lakh as seed capital and finally Microsoft purchased the 3 year old business for a staggering 400 million dollars.
High potential online business ideasCreate an apartment hunting / retail portal like http://www.commonfloor.com/. There are a lot of people out in the market looking out for good real estate services like apartment searching, management of assets, good accounting techniques and vendor relationship management. A real estate portal can help provide all of these services in a single portal. You can also design your portal in a way which will help particular community groups to interact with each other and exchange information and tips.
An information search site such as www.sulekha.com is a very good low investment idea. You can focus on particular sectors like education, technology or food (www.burrp.com). Just integrate all information needs and think of a way to fulfill those needs via your website.
Campus recruitments are a sector in which the demand almost always exceeds supplies. There were many players in the market who tried their hand (or luck) at making sporadic attempts to encash on the ever increasing demand for campus placements. However, only a few like www.cocubes.comwere able to make it big. With a little planning and a lot of networking you are sure to succeed in this venture.
If you are a woman, then you can benefit from finding work on portals such as www.gharkamai.com. You might even consider setting up such as portal in your region where you can procure orders from clients and then pass on those to freelancers, earning a healthy margin in the process.
If you are a creative person and would like to earn money using your creativity, the web can be your best friend. Apparels and interiors are sectors where great ideas can translate into good money (if supported by networking and research).