Online Store (e.g. via Shopify / Amazon)

Product-Based (Physical)

Barrier to Entry

3/10

Short-term Potential

1/10

Long-term Potential

4/10

Risk

3/10

Big Audience or Ad Money Required

No

Income Potential

$$$

Salary Research

$0 - Unlimited

Pros

  • • Big financial opportunity if done correctly
  • • Freedom to do literally whatever
  • • Very scalable
  • • Results can be detached completely from your time, unlike freelancing
  • • A lot of autonomy

Cons

  • • Pretty high risk depending on type of business and your experience level
  • • Very hard work in the beginning
  • • Requires initial startup investment (building the website, graphics, writing copy, researching products)
  • • May take a while to be profitable
  • • Will take time to build up traffic
  • • Not very beginner-friendly in terms of knowledge required
Back to Search