Smejapan.com CEO, Joel Devidal, Outlines 5 Lucrative Business Ideas for Budding Entrepreneurs

Running your own business can be extremely rewarding and enables you to have more control over your work life. Internet-based companies cost very little to set up, which means that almost anyone with access to the web can start their own business. If you are thinking of setting up your own business but don’t know where to start, try one of these lucrative business ideas from SMEJapan.com CEO, Joel Devidal.
Apps
There are millions of apps (applications) available for smartphones, tablets and other electronic devices, many of which have proved to be extremely lucrative for the developer. Games, productivity tools, and novelty gadgets are among the most popular apps, but there are applications available for almost every interest imaginable. If you want to learn how to build your own app, there are several free online courses available. Once you have a marketable app, you can monetize your product with built-in advertisements or earn money by charging a one-off or monthly fee.
Videos
Video sharing sites like YouTube provide a free platform for most types of video. Tutorials and instructional videos are always popular, with topics ranging from cleaning the bathtub to building a house. If you have specialized knowledge or particular skills that could be useful to other people, video tutorials are relatively easy to make and free to upload. Once your video is online, you can earn money from advertising revenue.
Freelancing
There is a wide range of opportunities for freelancers, particularly those with experience or training in specific areas, such as writing, editing, website development, graphic design, social media marketing and data management. Freelance virtual assistants are also popular, as many businesses prefer to outsource their customer service, filing chores, and other business tasks. Freelancing services are in high demand, but the competition is steep, so finding regular clients to work with is the goal for many freelancers. Building a strong client base can take time and effort, but social networking sites are a great place to start.
Mentoring
If you have specific skills or expert knowledge that could be useful to other people, you could earn money by mentoring or teaching. Whether your skills lie in academic subjects or manual and practical tasks, you can use a variety of platforms to teach your skills to paying customers. Skype and other video conferencing applications allow you to provide one-to-one tuition or even group tuition for multiple students. You could also offer telephone, text message or email lessons as part of a paid package.
E-Commerce
E-commerce websites can prove extremely lucrative, especially if you choose a popular niche and have a solid marketing strategy. Firstly, you need to decide what you want to sell and how you can stand out from the crowd. If you choose a broad product range, such as clothing, there will be a considerable amount of competition from well-established retailers, so it’s often best to start with a specific niche. You can sell your products on platforms like Amazon and eBay, or you can set up your own e-commerce website.
About Joel Devidal:
Joel Devidal is a veteran in the business world; as a founder and CEO, he has a knack for finding investors, launching companies, and keeping steady growth post-launch. Beyond business, Joel is an active part of his community supporting local organizations and helping young entrepreneurs get their start.
Joel Devidal around the web:
https://medium.com/@joeldevidal/joel-devidal-dd2cd3306a0e
