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What's The Best Online Business For Me To Start? (In 2023)

What's The Best Online Business For Me To Start? (In 2023)

February 25, 2024
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Author: Big Y

The best online businesses to start in 2023

In this video, I'm going to be covering the best online businesses to start in 2023. I've been in the online business world for five years now, and I've made over 10 million dollars online. I've also helped thousands of people start their own online businesses.

So, I'm going to share with you my top 3 picks for the best online businesses to start in 2023. I'm also going to give you some tips on how to choose the right online business for you.

**1. Amazon FBA or Shopify**

Amazon FBA and Shopify are two of the most popular online business models today. With Amazon FBA, you sell products on Amazon.com and ship them directly to Amazon's warehouses. With Shopify, you sell products on your own website and ship them yourself.

Both Amazon FBA and Shopify are great options for beginners because they're relatively easy to start and they don't require a lot of capital. However, there are some key differences between the two platforms that you should be aware of before you make a decision.

**Amazon FBA**

**Pros:**

* **Easy to start:** With Amazon FBA, you can start selling products on Amazon with just a few clicks.

* **Low capital requirements:** You can start an Amazon FBA business with as little as $2,000.

* **Large customer base:** Amazon has a huge customer base of over 100 million active shoppers.

* **Reliable fulfillment:** Amazon takes care of all of the fulfillment, so you don't have to worry about shipping or customer service.

**Cons:**

* **Competition:** There is a lot of competition on Amazon, so it can be difficult to stand out from the crowd.

* **Low profit margins:** Amazon takes a cut of each sale, so your profit margins can be lower than with other online business models.

* **FBA fees:** Amazon charges fees for storage, fulfillment, and other services. These fees can add up quickly.

**Shopify**

**Pros:**

* **Complete control:** With Shopify, you have complete control over your website, your products, and your marketing.

* **Flexibility:** You can sell any type of product on Shopify, and you can set your own prices.

* **Customizable:** You can customize your Shopify store to match your brand and your business goals.

* **Low fees:** Shopify's fees are lower than Amazon's fees.

**Cons:**

* **More difficult to start:** Shopify is more difficult to start than Amazon FBA. You need to set up your own website, and you need to handle all of the fulfillment yourself.

* **Higher capital requirements:** You need to have more capital to start a Shopify business than you do to start an Amazon FBA business.

* **Less customer support:** Shopify offers less customer support than Amazon.

**Which is the better option for you?**

The best option for you will depend on your individual circumstances. If you're looking for a simple, low-cost way to start an online business, then Amazon FBA is a great option. However, if you want more control over your business and you're willing to put in more work, then Shopify is a better option.

**2. YouTube channel**

Starting a YouTube channel is another great way to make money online in 2023. With a YouTube channel, you can share your knowledge, your passion, or your expertise with the world. You can then monetize your channel through advertising, affiliate marketing, or by selling your own products or services.

Starting a YouTube channel is relatively easy and doesn't require a lot of capital. However, it does take time and effort to build a successful YouTube channel. You need to create high-quality content that people want to watch, and you need to promote your channel so that people can find it.

**Pros:**

* **Low cost to start:** You can start a YouTube channel for free.

* **Flexibility:** You can create videos on any topic you want.

* **Global reach:** Your videos can be seen by people all over the world.

* **Monetization opportunities:** There are many ways to monetize your YouTube channel, including advertising, affiliate marketing, and selling your own products or services.

**Cons:**

* **Time consuming:** It takes time and effort to build a successful YouTube channel.

* **Competition:** There is a lot of competition on YouTube.

* **Lack of control:** You don't have complete control over your YouTube channel. YouTube can change their policies at any time, and they can de

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