Technology is changing quickly, especially with all the new artificial intelligence (AI) tools. As technology evolves, new types of businesses and industries are popping up. For smart investors, these changes mean exciting new ways to build wealth.
In this article, we’ll look at five hot online business models growing fast due to their expanding industries and advanced technologies. The best part? Most of these businesses are beginner-friendly. Even buyers without online business experience can succeed with them.
1. No-Code Software as a Service (SaaS)
The SaaS industry is getting bigger every year. It’s expected to grow to $195 billion in 2024. SaaS companies make software that customers pay to use through subscriptions, like Spotify or Netflix. Some offer their software for free but make money from other products.
In the past, only developers could build software. But now, thanks to no-code tools, anyone can create their own SaaS product just by dragging and dropping. No coding skills needed! It’s like how website builders let non-developers build sites.
One entrepreneur built a no-code SaaS business and sold it for half a million dollars through our marketplace. In just two years it was making $15,000 per month in profit!
2. Email Newsletters
Email marketing is a huge $17.9 billion industry. Email newsletters are especially hot right now. Companies send them regularly to keep their audiences engaged with updates, content, and promotions.
Brands are obsessed with building their own email lists. That way they fully own the customer data instead of renting it from big companies. Having a targeted niche audience makes newsletters very valuable for marketing.
There are lots of ways to monetize a newsletter – sponsorships, product sales, affiliate links, paid subscriptions, and more. So many buyers are interested due to the income potential.
3. YouTube Channels
YouTube is massive – the second biggest search engine after Google. Its ad revenue hit $29.24 billion last year, which all goes to YouTube creators through their channels. But channels also earn through affiliate marketing by recommending products.
YouTube channels are goldmines as audience assets. With a big subscriber base, you can market anything from digital products to brand sponsorships. One buyer grew their channel’s earnings from $2,500 to $25,000 per month following our guidance!
YouTube is booming with new monetization tools and creator programs. It’s the prime social commerce platform. No wonder YouTubers like MrBeast were offered $1 billion for their channels!
4. Social Casinos
Although not beginner-friendly, online gaming platforms have seen a significant boom over the last two decades. This year, there has been a rise in the number of social casinos, especially in the USA. The growing popularity of social casinos can be attributed to their social gaming community.
For example, many social casinos allow players to get their name on a leaderboard. These casinos also offer traditional gaming elements, and players can even share rewards with their friends.
Unlike regular online casinos, social gambling platforms predominantly use virtual currency or tokens. You can generally obtain virtual currency using real money or even sweepstakes. But one of the reasons most USA players prefer sweepstakes casinos is that you don’t need to wager your real money.
5. Shopify Apps
In 2022 Shopify merchants sold $61 billion worth of products. To support that, Shopify has a robust app ecosystem with over 9,000 apps that merchants buy to integrate with their stores.
There’s still tons of untapped market share across categories like returns, subscriptions, reviews, and more. So building a standout Shopify app is a lucrative opportunity.
Shopify keeps expanding, too, recently acquiring technologies like Deliverr for advanced logistics capabilities. As Shopify grows, there will be demand for its apps from merchants who need more tools.
Getting Started
These five online business models have huge potential upside in 2024 and beyond. They all leverage emerging tech and evolving consumer behaviors in their respective industries.
Best of all, you don’t need special skills to get started. With some business savvy and industry knowledge, even first-time entrepreneurs can buy and successfully run:
- A no-code SaaS product
- An existing email newsletter
- An established YouTube channel
- A social casino
- A top-selling Shopify app
At our marketplace Empire Flippers, we rigorously vet and sell all these types of online businesses. Our expert team guides you through the entire buying process too.
So, if you’re ready to ride the wave of booming online business trends, explore our listings and take that first step towards a new income stream or investment asset! The future of online entrepreneurship awaits.
Buy Me A Coffee
The Havok Journal seeks to serve as a voice of the Veteran and First Responder communities through a focus on current affairs and articles of interest to the public in general, and the veteran community in particular. We strive to offer timely, current, and informative content, with the occasional piece focused on entertainment. We are continually expanding and striving to improve the readers’ experience.
© 2025 The Havok Journal
The Havok Journal welcomes re-posting of our original content as long as it is done in compliance with our Terms of Use.
