Top 5 Online Business Opportunities to Pursue in Dubai (2020)
With the rise of the digital economy, the world has no shortage of online business ideas and more people than ever are looking for a side hustle to make extra income or a full-time job that they can do from the comfort of their home.
If the idea of being your own boss interests you, then you should take inspiration from the below list of the top five innovative online business ideas you can pursue in Dubai:
Virtual and Augmented Reality Business
Virtual reality (VR) and augmented reality (AR) are taking businesses to greater heights. These technology trends layer digital elements (like visual content, graphics etc.) onto real-world spaces, offering the user a realistic sensory experience through technological products. The potential uses of VR and AR for business or pleasure are practically limitless, and can be applied towards various business industries, including social media marketing, entertainment, real estate, gaming, health & fitness, art, fashion & lifestyle, education & training, and manufacturing & supply chain.
Hardware and software makers are constantly bringing new VR and AR products into the marketplace, and the industry is growing rapidly; the global market is expected to expand by 34.5% from 2019 to 2025. For instance, marketers are taking advantage of the various business possibilities and capabilities of virtual and augmented reality development, especially in its potential for improving business processes and delivering information in the digital landscape. Many companies are incorporating VR and AR into their marketing strategy to provide more engagement to the users and to generate more loyalty and commitment towards their brands and products.
If you are tech savvy and interested in developing consumer applications using the technology, then VR & AR could be the business opportunity for you.
Every business wants two things – to get attention and attract new customers.
You need to attract customers to outdo the competition, and to let the world know what you have to offer. These days there is one fool-proof technique to get the attention you are looking for, and that is through Search Engine Optimization (SEO). Since the first page of Google accounts for approximately 90% of the search share, appearing organically at the top of Google's Search Engine Results Pages (SERPs) is something that every business aims to achieve in order to get ahead of their competition.
Although many companies around the world rely on search engines to generate business, most do not realize how to climb up in rankings on any search engine.
The real secret is SEO. The goal of SEO is to create online content easily ‘searchable’ by users. SEO checks all the right boxes to get your website as close to the top as possible.
If your website stands at the top of Google’s search results, then you will get more attention; your website will be deemed more credible in terms of your offerings – and all this means potential business.
So how can you turn SEO into an online business? More and more online companies are sprouting up on the internet every single day, and all those companies need someone or some way to get attention. But very few of them know how to navigate the complicated world of search engines. So why not fill that void and easily capitalize on this industry as an SEO consultant?
A webinar is a live, interactive web-based seminar, which involves both training and discussion of a particular topic, product or service in the form of a presentation (your slide deck can include, videos, audio files, and documents). Many B2B marketers use it as a venue for interaction where they can deliver information which attendees can benefit from and gain valuable insights from their interactions, while establishing themselves as an industry expert by helping others solve a problem.
Webinars also allow you to generate more leads, offer great sales opportunity and provide an additional stream of income.
So, how do you start a webinar business? The best way you can launch a webinar business is to find a product you can promote, and then build an excellent webinar. The only tools you really need to get started: a computer or laptop, a webcam, and a professional microphone.
You can use a webinar software available online for free to run live and automated webinars, incorporate a webinar email series to reach more people, and create a valuable presentation that can help you build trust and authority with your audience. Some of the best online platforms to host webinars are: WebinarJam, Zoom, GoToWebinar, Crowdcast, Zoho Meeting, and Join.me, to name a few.
If you create high demand needs-based content that addresses the specific needs of your audience and build an integrated system (of carefully run ad campaigns and good digital media presence) through which you can communicate the value of that content, then you can easily monetize your webinars.
Affiliate Marketing Business
You can find this kind of business model anywhere online, but few people understand what affiliate marketing means. Brands that want to sell products online create new affiliate programmes and allow affiliates (content creators, publishers and bloggers) to promote their products and earn a piece of the profit. To put it simply, affiliate marketing is when an affiliate promotes a product or service, which ultimately brings in new customers, and this in turn stirs up new business opportunities. So naturally the content creator gets a commission, every time someone buys one of those products.
In order to get started, you need to get in contact with local companies or brands to strike up a partnership. There is a considerable number of companies and brands that want to sell products online. These companies create new affiliate programs to find people that want to develop a business with the help of their products and services. You can also register with affiliate networks, such as ArabClicks, MEAClick or DCMnetwork, to start making money from promoting the brands on their website.
The next step is to build your own website using a good website platform. Then you need to decide on the marketing programmes and products you want to promote. Once you have found your niche, you need to create relevant content that is worth sharing. You can create content in the form of reviews, product comparisons, articles, and guides, and then promote your affiliate products and make money.
Dropshipping is one of the most popular online business opportunities to make money. The dropshipping business model gives anyone the chance to sell a variety of products without having a brick-and-mortar store or a warehouse. Basically, you become the retailer and create an online store to sell other people’s product for a commission, without having to manage the inventory or shipping. Customers order products through your online store, and you relay the order details to your supplier. They in turn process, package, and ship the product directly to the customer. This way, you practically become the link between the supplier and the end customer.
In other words, you advertise products for sale on your online store, but when it comes to shipping them, you draw a direct route from the supplier to the customer. When it comes to building your eCommerce store, you can use WordPress, WooCommerce, BigCommerce, Magento, and many others, or use Shopify to start with. Doba, AliExpress, Wholesale2B are some of the popular dropshipping suppliers you can work with.
The biggest advantage of running a dropshipping business is that the barriers to entry in the market are low, it requires minimum financial investment, and you encounter little to no hassle. Also, in the due course of your dropshipping business, you can even start selling your own products to diversify your business and increase profits.
Remember, entrepreneurship goes hand-in-hand with being patient. It takes time to finally see your online business grow and earn money through it.
To turn any of the above listed online business ideas into reality and start making money off of it, you need to partner with the best business setup service providers in Dubai.
Register your online business with Virtuzone and move the needle successfully at every step of your entrepreneurial journey.
For more information about company formation in the UAE mainland or free zones, please fill out the form below.