8 Profitable Online Business Ideas In Egypt in [current_date format= 'Y'] » Egypt Scholars (2024)

There are legitimate ways to making money online. Millions of people are cashing out good money each day from around the world. With your access to good internet connection and your laptop/smart phone, you can make millions of Egyptian pounds daily from freelance digital nomads to online marketing, and even from owning your own blog (website).

The good thing about the internet is that it’s a sales channel, marketing network, and community hub all in one—plus so much more. There are many creative ways to make money online.

Is it really possible to make a living online? The answer is yes.

Starting a new business online requires much less risk than investing your money into a setting-up a physical shop or store. With the nature of online businesses, it is very easy to reach thousands and millions of potential customers without breaking the bank on the cost of advertisem*nts.

With a little knowledge ofdigital marketing and social media, almost anyone can launch a business online and get it up and running in only days. In this post, we have put together a list of the most lucrative online business ideas anyone can start in Egypt with a very little capital investment.

Lucrative Online Business Ideas in Egypt in 2023

1. Become a professional blogger

One surest way of becoming a millionaire online is for you to own your own blog. Launching your own blog doesn’t require a great deal of technical or computer skills. Your super writing skills can translate into money for you. If you’re passionate about writing and creating contents on the internet that is capable of grabbing the attention of your audience, then you are only a few steps away from earning money doing what you love. For example, a blog about procrastination, cars, toys, delicacies, etc.

Having a blog that has an extensive number of followers will allow you togain profit by attracting advertisersthat are willing to pay you some money just to place adverts on certain pages of your blog.

2. Make money selling products online

E-commerce and Dropshipping are two popular ways to make money selling high demand products online. Shopifyand WordPress are two platforms that afford you the opportunity to set-up an online e-commerce store in minutes.

In Dropshipping,you create an online store to sell other people’s products, not your own. You get a commission for each sale. If you are considering this, you can start by researching some of the fastest selling online products within your location. It is also important to give more priority to products that are unique and less competitive.

3. Start your own YouTube channel

A lot of people have made good money from YouTube. For example, Ryan made well over $22 million in 2018 from his YouTube channel by just reviewing toys on his YouTube channel. Impressively, Ryan was just 7 years old then. Another high earner from YouTube is Jeffree Star. He makes above $ 100 million from YouTube from his cosmetics brand

Wondering how you make money on YouTube? You make money on YouTubeeach time Google (YouTube’s parent company) shows ads contents before or after your video have finished playing on your channel.

Like blogging, your YouTube channel should focus on a single niche so you can build a strong and reliable audience base.

Interestingly, you don’t even need to go out and buy an expensive new camera – as long as you have a smartphone with a quality camera lens, you can start filming your first video right now! And the result? Good money.

4. Create and sell online Tutorials

If you are an expert in any topic, you can package that knowledge into a high-value Tutorials and books and sell them online to people that are seeking the knowledge that you’ve acquired.

With online tutorials, you continuously make money for years even after publishing it. Once the upfront time and effort is put in, with just a bit of regular upkeep and marketing you’ll be able to continue to sell and make money from them.

5. Start trading Forex and stocks

Most people seecurrency trading (also known as FOREX)and investment as a very risky business to start. Even though this statement is true if you start out small and invest your time into researching you will gain knowledge and experience that might just bring in the rewards you’re after.

Unlike Forex, Stock exchanges provide a transparent, regulated, and convenient marketplace for buyers to conduct business with sellers. The stock market is immensely popular, but it is exceeded in size by the Forex market, which is the largest financial market in the world.

Nowadays, the internet has made things easier. You can start trading forex or stocks by sitting in front of your computer in the comfort of your bedroom with a glass of cold juice or wine.

6. Work remotely for companies abroad

Remote working is a situation in which an employee works mainly from home for corporate organizations and startups. More and more companies are embracing the remote work lifestyle by employing staffs that are not required to resume in the office daily from 9 to 5.

Manyremote work positionsare IT and customer service related so they require specialized skill sets that may be rare to find. Example of popular remote jobs includesData Analyst, Software Developer, UI/UX Designer, Customer Support and much more.

Working remotely is considered as a lucrative online business idea because it affords you the time to do other things like taking care of the family (for Moms), hanging out with friends and family or going on holidays.

7. Become an influencer on Instagram

Instagram is a highly visual social media channel, and therefore is in many ways the perfect medium for brands to tell their story using influencers. Influencers are Instagram users who have established credibility and audience who can persuade others by virtue of their trustworthiness and authenticity.

Becoming an influencer on Instagram is not an easy task except for well-known celebrities who have already built a huge following outside social media. Not all Instagram influencers are celebrities though, some of them have worked so hard by creating short video clips that capture the attention on an audience. Once you have the attention, you can then monetize it.

But before you even realize that, you’ll already be a brand and sponsors will be emailing you every day.

Influencers make money in different ways like sponsored posts and advertisem*nt from top brands, affiliate marketing and selling their own products.

8. Join affiliate marketing programs

Affiliate marketing is one of the various ways to make money online by promoting products or websites to earn a certain percentage as a commission from sales made. It is important to note that affiliate marketing is different from get-rich-quick-schemes.

As an affiliate marketer, the products and services that you promote are provided by others and not necessarily you. The only duty you are required to perform is to provide a marketing or sales outlet such as a blog, email list or social media.

Conclusion

Making money online can actually make you a living. The first and most important step towards this dream is choosing an online business idea that matches your skills and can realistically be launched.

In creating an online business, you have to concentrate more on your strengths and expand your network. .

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