3 Best Side Businesses to Start for Highly Introverted People

If you are an introverted person, finding the best side businesses to start can be mind-numbing. It can be more frustrating if you wish to ditch your full-time job and do what you love for money.

If you've decided to take the entrepreneurship path, however, you must be ready to face a few challenges along the way to taste success ultimately. To help you eliminate the guesswork, we've done the research and compiled a list of three best side businesses for introverted people in 2020.

However, these recommendations may only be fit for you if you're a go-getter—someone willing to invest time and effort in their projects. Let's dig in.

1. Start a High-End Blog

Blogging is a great opportunity for any introvert to remain in the comfort of a calm environment, but still working on topics you like most.

One of the most popular questions among newbie bloggers is, "how much can I earn blogging?"

The trick and answer lies in finding a profitable niche. After discovering the niche, specialize in it, offer value to your audience, and the money will start streaming in. Note that blogging isn't a get rich quick scheme though.

You can expect to make between $500 and $2,000 each month or more in the first year. After the first year, when you've garnered good traffic and built a healthy subscribers list, you can expect to make from $5,000+ in revenues each month.

To get started with blogging, you'll need a good domain name and hosting. Many web hosting companies such as Namecheap, BlueHost, GoDaddy, and Hostinger offer affordable hosting plans for bloggers.

However, you'll have to spare some time and do a bit of background research to find the perfect hosting plan that fits your needs and budget. Once you've acquired your ideal domain name and hosting, you can use the available content management system to get started quickly.

You can use WordPress, which powers over 37 percent of websites on the internet in 2020 or consider alternatives like Squarespace, Wix, and Constant Contact, among others.

How do Blogs Make Money?

To make money with blogging, you must first understand your audience's pain points and figure out solutions to these needs to make the most revenue from your blog. Suppose you choose to start an informative blog. In that case, you can earn income through affiliate commissions by recommending products, renting ad spaces, or make individual sections of the website only available to premium members.

Using ad networks like AdThrive, Monumetric or MediaVine is a more straightforward option for earning some revenue from your internet traffic. Most bloggers like it because it helps you target the ads relevant to the content you create or share on your website. Your target would be to get the most monthly traffic because it will influence your blog revenue.

For instance, if you get 100,000 new visits each month, you can expect to make between $1,000 and $25,000 each month from this traffic. Traffic is the lifeblood of your blog, and you should focus on maintaining or increasing it each month. To keep healthy blog traffic, publish fresh content regularly, optimize your website for mobile devices, and, most importantly, optimize it for the search engines.

2. Design a Highly Innovative Software Product

If you have a highly innovative idea, it is time you bring it to life by creating a software product around it that users will love to use and find valuable. A big advantage of innovating on software product is that you can surround yourself with a small group of like-minded introverts, who would enjoy building something extra-ordinary.

If you have some coding skills, you're good to go. Alternatively, if you have no idea how coding works, you may consider signing up for free coding courses that are plentiful on the internet or signing up for a premium one if you want dedicated support and guidance. If you have very fixed schedules, you may also consider hiring individual software developers or a software development company to help you bring your idea to life.

There are numerous ways you can earn money from your software, and much of that would come from sales of the software product. You may also consider monetizing the software to increase your profits. Here is a roundup of some creative ways you can monetize your software.

Subscriptions

Subscription or recurring billing is a widely used monetization strategy in many pieces of software. Examples of some of the most popular businesses that use this model include Microsoft, Mailchimp, Hubspot and ConvertKit.

With this approach, customers will be required to pay a recurring fee, which you can bill on a weekly, monthly or annual basis, depending on your preferences. If you want to bring in pricing variations, you may also consider bundling your subscription model with complementary products or services.

Selling Software License

Selling licenses is another popular methods of monetizing pieces of software. It is as simple as creating license keys which the customers can only access after purchasing the software.

The primary downside with selling the software license is that your customers will only make one-time purchases. However

3. Launch Your Online Store

Another option for side business (or even full-time) for any introvert is an online store.

A significant percentage of the Gen-Z prefers shopping online because of the convenience that comes with it. From being able to shop from the comfort of your couch to getting access to extra product information and even choosing when to get the product delivered to you, the flexibility is unmatched.

The eCommerce market is booming, and this bloom isn't expected to slow down quite soon. According to Statista, sales from the eCommerce market are expected to go past $740 billion by 2023 in the US alone.

In 2020, it is easier than before to start your online store. First, you can get started with established online store web builders, so you don't spend fortunes in website building and design.

Some of the most popular options you may consider are Shopify, Wix, and Zyro, just to mention but a few. Now, to get started with these online store web builders too, you'll need the right domain name and web hosting.

You can then use the templates that these eCommerce web builders come with or opt for custom web design. If you're working with a tight budget, though, the templates would be a cheaper alternative.

Once the store is ready, start campaigns to drive traffic to the site. Here are some simple tricks to increase traffic to your online store and boost sales.

Optimize your website for the Search Engines

A more significant percentage of online shoppers start shopping by doing an online search. To get noticed by these customers, you'll need to make your website easy to index by the search engines. It's as easy as using the right keywords in your product titles and description. You may also add your business to Google My Business (GMB), so it is visible to shoppers near you.

Get started with Instagram shopping

Did you know that over 130 million Instagram users click on shopping posts each month? Take advantage of this to drive some quality traffic from Instagram to your online store. You can achieve this quickly by connecting your product catalog to Instagram and then tag the products listed on the store in your Insta posts.

Blog

Customers may not know that you offer specific products, but they'll see that you sell that product from your blog posts. Besides, around 60 percent of consumers feel unique connections to brands after reading engaging content on their websites.

If you choose to, for example, sell electronics online, offer insights on how users can benefit from these products.

You may also review these items, so it is easy for your customers to compare and make informed purchasing decisions.

Wrapping Up

Any successful entrepreneur will acknowledge that getting started with a side business isn't easy. It is even more complicated if you're a highly introverted person, and you can't figure out how you will be funding the project. Don't give up, though, because there are plenty of options you can always consider.

Here are two simple ways you can fund your side business:

• Start small and grow gradually. There is no strict rule that to succeed, you must have substantial capital. If you wish to get started with an online store, for example, you can get started with cheaper eCommerce website plans and scale as your audience grows.
• Partner with investors. If you feel that your idea, for example, developing software, will solve a significant problem, but it is costly, consider pitching the idea to angel investors to help you fund your dream.

Finally, success only comes to those who seek it, and it doesn't matter whether you're introverted or not. Be always prepared to put in some effort and keep pushing hard each day until you achieve your goals.