When the entire world is moving behind the digitization concept and adapting everything online, there is no exception for you to be involved in online businesses. 

This article clears you following things

• The importance of doing online business
• Benefits of doing online business as well as the 
• Top 10 best online business ideas with no or low investment in Singapore. 

 

Importance of Online Business.     

Now, imagine that you are running a milk shop and doing your milk business by having a physical location in the particular place where you live. And, you are selling the products either physically or by calling the regular customers by telling them the availability of the products that you have. 

But, the situation is different when it comes to online shopping. Imagine that you bring your product an online presence. You have a website where you can sell your products, post the product availability, and keep it to be viewed by a large set of visitors. And, also can make money online, as it attracts customers across the globe without limiting it to a particular geographical space.

 

Here are the benefits of doing online business.

 

• 24/7 Availability 
• Easier and faster way of money transaction
• Higher chances of marketing the business 
• Maximum reachability
• A wider range of customers 
• Easy way of making a business grow
• Work from home or any comfortable place 
• Doesn’t require manpower
• Flexible in nature

 

Why is Singapore a choice of country for doing Business?

 

Singapore is one of the countries which is famous for making great breakthroughs in the business fields internationally. There are many reasons like more skilled persons, a good environment to do business, and an abundance of opportunities for entrepreneurs make Singapore a big choice for the one who wants to do business. 

 

Singapore stands first in terms of the best place for doing business. There are many advantages to setting up shop in Singapore – tax exemption schemes, low corporate tax rate, government grants, talented workforce etc. Singapore has a highly developed trade-oriented market economy.

 

Here are the best online business ideas in Singapore.

 

1. E-commerce.
2. Web development.
3. Mobile app development
4. Digital Marketing.
5. Content creation.
6. Freelancing services.
7. Graphics Designing.
8. Online Tutoring.
9. Online Consulting.

10. Affiliate Marketing.

 

#1 E-Commerce. 

If you are a manufacturer of any products, opting for pitching your product on e-commerce websites gives you more revenue than conventional selling. Because going online with your business products, hooks a large set of customers from across the globe.

All that is required to do, is tie up with any e-commerce platform which brings your business online and makes it grow further. The best example of an e-commerce development platform is OrderZ which is based in Singapore and offers all kinds of custom development and web portals for many organizations.

 

#2 Web development.

Web development involves creating and maintaining websites for a particular organization. They are the one who is responsible for all the technical aspects such as website performance, capacity, speed, traffic handling, user interfaces etc.

Hence, the one who is an expert at web development can do this as the best online business by creating websites for small-scale businesses in Singapore. And, make money through this online business idea.

 

#3 Mobile app development.

If one is an expert at mobile app development, then he/she can start a mobile app development online business by creating apps for various platforms like Android and iOS or for any firm which demands an app developer.

The technical skill that mobile app developers should possess is a strong understanding of programming languages such as Java, Swift, or Kotlin for app development.

With these skills, you can pitch any firm which gives remote jobs. Else, you can pitch your developed app to any app stores and earn money for the app you developed.

 

#4 Digital Marketing.

A recent report says that nearly 85% of the population is active in internet usage. If you are a person who is an expert in any area of digital marketing, then Singapore is one of the best places to start this online business.

Now, diving deep into digital marketing, it is also called Online Marketing. It involves promoting the brands of a particular company to connect with customers using online media. It can be broken into various other divisions like Search Engine Optimization, Pay-per-Click, Social Media Marketing, etc.

As everyone spends most of their time in the digital world, here is where the future of the entire world lies. Hence, digital marketing plays a very important role in attracting visitors and making them customers by maximum reach. 

 

#5 Content Creation.    

Content creation is the process of identifying a new topic, collecting correct keywords that reach your audience. By doing thorough research about that topic, you can write it in any form you wish to do it. Because content creation has many forms—blog posts, videos, Tweets, infographics, Social Media and advertisements. 

It is one of the best online businesses which needs only mobile phones or Laptops with online facilities. Nowadays, everything is about content because the content that you prepare is the hook for the people. This makes your visitors come and become customers for the company you are writing for. 

And, the content writing doesn’t just stop there. It is also content creators’ responsibility to keep the blog posts or websites for which they are writing, at the top by doing Search Engine Optimization. Altogether, it’s one of the best online businesses through which you will not only earn income but also learn a lot in various domains.

 

#6 Freelancing Services.

Freelancing is a growing field of this decade. Every individual is trying to do it and earn money on a per-job basis. It can also be a part-time online business or a full-time online business, depending on the individual’s expertise in particular work as well as his profile excellency in the freelancing sites.

Here the individual can enroll himself or herself in any online freelancing websites, get customers, do their job where they are good at, and earn money on a per-task basis by generally working part-time or full-time.

A few of the online freelancing websites are Upwork, Fiverr etc. Here, the freelancers can get customers as per their profile. Then, they do their tasks and earn income.

 

#7 Graphics Designing.

Graphic design is a craft where professionals create visual content to communicate ideas to customers. As visual communication explains everything so easily, naturally, and organically to the customers. It is indeed the best online business with a good scope. Because, till the time humans and computers exist, there is always a demand for good graphic designers.

If you are an individual who is good at designing visual things, you can do this even as a freelancing service to any organization/ customer with a reasonable bid.

 

#8 Online Tutoring.

You can start your own online based tutoring business in Singapore. If you are passionate about teaching others and helping others to learn, then it is the best way of setting up an online business with no/ low investment.

There are various types of online tutoring businesses that you can start, and the catch is that you can do it all from the comfortable place you feel so. If you are looking for profitable and rewarding Business Ideas in Singapore, then starting an online tutoring business in Singapore is worth considering! 

There are several online teaching platforms available across the globe. To name a few, there are apps like TutorMe, MyTutor, etc.

 

#9 Online Consulting.

If you feel that you are good at a particular field, then you can get your own online consulting business started in that particular field. This can be a good extra income or can replace your current full-time income if this online business builds a large set of customer availability.

Hence, starting an online based consultancy would be a great idea, if you are seeking a profitable income in general.

 

#10 Affiliate Marketing.

Affiliate marketing is a performance-based marketing strategy in which a business rewards affiliates for each customer brought in. 

This is how it works: a business partner with one or more affiliates, who agree to promote the business’s products for a commission on any successful sales they do. When a customer clicks the affiliate link and makes a purchase, the affiliate earns a commission. This commission can be a percentage of the sale or a fixed amount, as per the company’s norms.

A person who has a wider range of contact networks can do this online business idea and make money easily. There is a large scope for affiliate marketing, as Singapore is the business hub of Asia.

 

Conclusion

 

There are plenty of opportunities this internet era gives the world to do many online businesses, not only in Singapore but across the world. In this article, we have covered only the best 10 online business ideas with low investments in Singapore. 

Now, it’s your choice to pick up any of these online business ideas, nurture them, and earn from them online. We believe that something, you would have taken away from this article. We wish you to apply any of these online business ideas in your life and grow further. 

 

“Profit is not something to add on at the end, it is something to plan for in the beginning”

– Megan Auman