Today there is an increasing number of online businesses. Some entirely offer digital products and services, while others sell physical products through an online platform. Either way, we can’t deny that the internet has made many online businesses more profitable, and previous business models that were not even possible before, exist now, thanks to the internet. In this article, we provide an overview of four profitable online businesses in 2020.

Online Learning Sites 

Online sites that are offering courses are also extremely popular. Educational institutions are also offering online courses, and people can get a Bachelor’s and Master’s degree online. 

Otherwise, the labor market is very competitive, and people that want to stand out need to keep investing in courses that improve their skills and knowledge. Also, a lot of people are looking to change careers or start their own businesses, so in that regard, there are a lot of courses by well-established entrepreneurs and professionals in this area that help them achieve their career goals.

Membership Websites 

These kind of websites are also popular because customers get exclusive access to content, or products and services only available to members that pay a monthly membership fee. A good example is Audible, where members can get exclusive, unlimited access to their audio library. But also, membership programs are used by coaches and business consultants that offer access to lectures, webinars, books, and other materials that aren’t available to regular members. 

Ecommerce Sites

E-commerce sites are also gaining traction, with a huge number of people buying products online. It’s much more convenient to purchase items online, while again, smartphones have also made it easier for a lot of people to make purchases on online shopping sites. Next, a lot of people find it easier to make comparisons online, while in the real world, they’d have to physically go from one store to another just to compare the price and quality of the products. 

Hence, it’s a lot easier to make an informed decision about your purchases when you’re shopping on eCommerce sites. Also, platforms like Shopify make it easier for small business owners to create an eCommerce site. In fact, it’s predicted that m-commerce will reach a worth of $284 billion by the end of 2020.