7 Business Ideas to Avoid Starting Online in 2020!

Jan 15, 2024 | Online Business Ideas | 39 comments

7 Business Ideas to Avoid Starting Online in 2020!




In today’s digital age, starting an online business seems like a lucrative and convenient option. However, not all online business ideas are guaranteed to succeed. In fact, there are several business ideas that are simply not feasible in 2020. Here are the 7 worst online business ideas to start in 2020:

1. Dropshipping: While dropshipping has been a popular business model in the past, it is increasingly becoming saturated with competition. With low-profit margins and a reliance on third-party suppliers, dropshipping is not a viable option for aspiring entrepreneurs.

2. Print-on-Demand Products: With the rise of print-on-demand services, the market has become oversaturated with similar products. It’s difficult to stand out among the crowd and make a substantial profit in this industry.

3. Multi-Level Marketing (MLM): MLM or pyramid schemes have a negative reputation and are often associated with unethical business practices. It’s best to avoid getting involved in such business models to prevent potential legal and financial troubles.

4. E-Books and Online Courses: While e-books and online courses can be successful, the market is inundated with low-quality content. To succeed in this industry, one needs to have a strong brand and appealing content, which can be challenging for new business owners.

5. Online Surveys and Task Jobs: Many people turn to online surveys and task jobs as a quick way to make money. However, the pay is usually minimal, and the work can be inconsistent, making it a poor choice for a sustainable online business.

6. Social Media Influencer: Becoming a social media influencer may seem attractive, but it often requires a substantial following and consistent engagement to generate income. With the market being oversaturated, it is increasingly difficult to differentiate oneself and stand out.

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7. Online Gambling and Betting: Online gambling and betting are highly regulated industries, and the risk of legal implications is high. Additionally, with the prevalence of gambling addiction, it’s not a morally sound business idea.

In conclusion, while there are countless opportunities to start an online business, it’s important to carefully evaluate the market and the potential for success. The aforementioned business ideas are not recommended for aspiring entrepreneurs due to their saturation, low-profit potential, or ethical concerns. Instead, it’s best to explore innovative and disruptive ideas in order to create a successful online venture in 2020.


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HOW TO: Work From Home

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39 Comments

  1. @lawranceratnayake5497

    Never with bit coin , all retail brokers have market makers these days, which they trade against your trade, surly will loose the trade, also they will not send you trade to exchange , but hold inside and trade against you.

    Reply
  2. @jake619

    Frankilin is right that it's not a good idea to start Amazon FBA. I do it, and during non-pandemic times, it's great. But for a while they were not letting me ship in my non-essentials. They have have now lifted that ban, and I can send in alot of items, but customers can no longer expect 2 day shipping, which means payments to us sellers gets severely delayed.

    Reply
  3. @jamesrusso8301

    Thank you Franklin! This video is why EVERYONE should watch your videos as you are one of a very FEW to tell the truth! God Bless! You are awesome…!

    Reply
  4. @romariollakaj970

    He spoke 12 of bullshit just to promote his product at the end

    Reply
  5. @kidsuniversita6286

    Hi franklin.. is the cuttly shorten ling is valid for ever or should I check from time to time?

    Reply
  6. @sofiastoidou

    Thank you for the advice!! In my opinion, Online shop development will thrive!! Not everybody has an e-shop yet!!

    Reply
  7. @crazyprotractorbeard5310

    Hi Franklin, with so many people out of work these days, do you find that more prospects than usual are responsive to the make money online niche?

    Reply
  8. @crazyprotractorbeard5310

    Hi Franklin, given that many companies are reducing or eliminating their advertising spend in these times, do you find that the big platforms such as Facebook, YouTube, have recently lowered their advertising costs at all as a result?

    Reply
  9. @crazyprotractorbeard5310

    Thanks for this candid feedback, Franklin. Can you discuss which types of products and services are selling well within the affiliate marketing arena in the current economic climate?

    Reply
  10. @onwulirikingsley.c.8574

    Hi my name is Kingsley Onwuliri and I really enjoyed this video, can't wait for your next content

    Reply
  11. @natehoustman

    If Amazon is shutting down all but their essentials, what service should ecommerce go through for shipping?

    Reply
  12. @dcareviewallproductscurta.4071

    Thank you for another great video. What you said makes perfect sense. Thank you again for being on top of things.

    Reply
  13. @satamsav697

    Honest question: why do you think affiliate marketing is better than shopify in this current state?

    Reply
  14. @ss442es

    Thank you for the information. The good news is this will all be short lived I am sure. I believe you are correct about affiliate marketing and product pricing strategy to market.

    Reply
  15. @ed7731

    Does anyone think smma will be a good idea to start later on in the year or next year? Been planning my agency for a while was going to launch mid to end of summer

    Reply
  16. @manoelassis7106

    Hi! which email you use and recommend for getresponse?
    As newbie i'm building (trying) my site following Savage training.

    Reply
  17. @anilkumar-ph6cb

    Sir
    Give me link to
    Really captha typing job… If that 100% sure….. Site…..
    Plz
    Reply…

    Reply
  18. @TheMillerc81

    Franklin, I have an existing blog about men's personal development. Would the training apply well to this or is the training more for smaller niches?

    Reply
  19. @russweaver1454

    hi Franklin hope you are well considering the recent events another great vid thanks i am just about to look up your facebook group, the reason being i would like to get a few recommendations and a heads up of reliable writers on i writer for content, Just to give hope to people starting out i would like to share this example, i looked at expired domains in a certain niche i then chose a 2011 domain i looked in way back machine not only was the site archived but there where 12 articles associated with the domain i checked the articles in a plagiarism checker and could not believe they where all %100 authentic around 600 – 700 words each and this is a click bank $30 a sale niche what a result. i just want to let people know keep trying you will reap the rewards of your perseverance and efforts, Thanks Russ – uk

    Reply
  20. @in2097

    Building e-shops and e commerce beginner consultancy is actually huge in my area, coz everyone is desperate to get online while their physical shops are closed.

    Reply
  21. @sylvieeymin9491

    What do you think about the Ariella & Westley Virgin Done for you program? Is it valuable to pay that price at this time? Is your affiliate Course better, thn you give as well lot of value…

    Reply
  22. @innerscopefx4961

    The shipping fees from China are HUGE!

    But my Amazon account has increased in sales due to the isolation ✌️

    Reply
  23. @timmy2bliccs

    Why does your own ad pop up in your video? Lol

    Reply
  24. @1dluep

    I lost a good chunk of money on Amazon FBA , one of the reasons I am following Franklin

    Reply
  25. @moveurbodyfitnesswithshana7302

    Hi Franklin, I'm a little confused. I have watched many many of your videos and some of them suggest you don't need a website for affiliate marketing and some videos say you do. If we have a website, then it seems we need to have a funnel page, landing page to capture emails, etc. But the conversion rates are higher and you can be more successful. That is where I get tripped up and discouraged because both of those important steps you mention require spending money to a subscription. I'd like to know if you can have a website but not go through the trouble of having a funnel and landing page. Id' appreciate your thoughts in a quick reply. Thank you so much and thank you for the content

    Reply
  26. @alanclayton3238

    Very useful Franklin, thanks ! BUT, I was just about to upgrage from 197$ to 297$ for the super version training but you just dicouraged me ! Unless you give me a discount ?

    Reply
  27. @dominikkin2588

    Let me see if I can top that:
    Event organizer
    Massage parlour
    Super Cramped Sauna
    Course on how to hug as many random people per day as you can 😀

    Reply
  28. @markbenoit9070

    Best business now would be SaaS.. Sortware as a service. Get on a platform that has an affiliate program and do a training on it. People who purchase will need to spend $$ on it monthly and you get a cut.. Far better than realestate

    Reply
  29. @io7444

    Hey Franklin, thanks for the video! I am really interested in buying your E-commerce training, I am a beginner from the UK. However, would you advise starting an e-commerce business during this pandemic?

    Reply
  30. @dieselbstlosesuchenachwahr8151

    How can you get results quick? I am not talking about earning $1,000 per day in a matter of month.

    Is it possible to make $500 NET PROFIT in the first month you begin? Do I learn that in your course?

    Best

    Reply
  31. @Huseeb94

    Hey Franklin, I´m trying to get into online business, but not sure if I should go for eCom or Affiliate marketing first?

    Thanks for the help

    Reply
  32. @weightlossfast3254

    But now a days people also don't buy product . Many click bank affiliate are not making money including me. I don't know which product should be choose in lockdown

    Reply

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