We all dream of owning our own business, even starting as a small venture, but we are also aware of the massive upfront time requirement and constant effort. Most of the time, starting any business requires labor to handle daily tasks, which can cost a lot. That is why you must search for the best Automated business ideas for a passive income that requires no labor.
Besides, in 2024, technology has given us ample opportunities to start our own venture with automation. By automating businesses, we don’t have to spend time on ordinary daily tasks and can concentrate more on growth and strategy.
Let’s discover the 12 best Automated Business ideas you must explore this year.
12 Best Automated Business Ideas In 2024
Here is a list of 12 automated business ideas in 2024:
- Become An Affiliate marketer
- Dropshipping Business With No Major Overhead
- Create A Platform For Building AI Chatbots
- Create And Sell Online courses
- Publish Ebooks
- Build An SEO Software
- App development With In App-Purchases & Ads
- Develop Accounting Software
- Launch An Online Store
- Podcasting
- Become A Travel Blogger
- Provide Ad Consulting
1. Become An Affiliate Marketer
If you have a talent for spotting great products, you should partner with companies you love and earn commissions by promoting them through your website, social media, or even blog.
Promoting products and earning a commission for each sale through your referral links can create a steady stream of passive income.
You can leverage tools like automated email marketing campaigns, social media schedulers, and analytics platforms to handle most of the legwork, allowing you to focus on strategy and growth.
2. Dropshipping Business With No Major Overhead
If you don’t want to take any major risks or have little investment, Dropshipping is a low-risk business model that authorizes you to sell products online without ever holding inventory.
You simply have to partner with a dropshipping supplier, focus on building a strong brand and marketing strategy, and let your supplier handle the fulfillment.
Besides, with Automated business tools, you can manage your order processing, inventory updates, and customer communications. Moreover, with platforms like Shopify and Oberlo, you can set up a dropshipping store and automate most backend processes, ensuring a smooth operation and more time for marketing and growth.
3. Create A Platform For Building AI Chatbots
We absolutely can’t deny the power of AI chatbots. Since ChatGPT chatbot gained significant attention, businesses have started to leverage similar technologies in their companies for customer service, marketing, and other purposes.
Thus, you can provide a platform for businesses and individuals like Voice Flow, where they can build and implement their own personalized AI chatbots to handle basic inquiries and free up human agents for more complex tasks.
Once the platform is developed, users can design and deploy chatbots with minimal intervention from you, generating continuous revenue.
4. Create and Sell Online Courses
If you possess a unique skillset or in-depth knowledge, you can package it into an engaging online course and sell it on platforms like Teachebale, Udemy, and Thinkific. Once your course is created, these platforms have automation tools that can handle enrollment, payments, and even deliver course content.
Moreover, when the content is live, automated marketing and email campaigns can help you acquire a wider audience and increase sales without constant manual effort.
5. Publish e-books And Become A Digital Author
Publishing e-books is a great way to share your expertise and earn passive income, making it one of the most convenient Automated business ideas. Along with automated businesses tools, you can effortlessly format, publish, and promote your e-books.
You can utilize self-publishing platforms like Amazon Kindle Direct Publishing (KDP), Smashwords, Kobo Writing Life, and many others to handle sales and distribute your e-books while marketing automation tools can boost your visibility and drive sales.
6. Build A Powerful Software To Simplify SEO
One of the essential factors for a website to rank high and eventually make a business successful is SEO, but it can be a complex beast. You can build SEO software businesses can leverage to optimize their websites and content for better ranking, attracting organic traffic and leads on autopilot. Once developed, automated updates and reporting features with the help of automated machine learning can provide ongoing value to your customers with minimal manual intervention.
If you are looking to improve your website’s SEO, you can look for various digital IT solutions and services, such as Soft Tech Cube, which offers exceptional SEO services. Moreover, they can provide cybersecurity automation so you don’t face any malicious attacks.
7. Develop Apps with Built-in Revenue Streams
Mobile apps are a staple in today’s digital automated business landscape. So, why not develop apps with in-app purchases and ad integrations that can generate significant revenue? You just have to do thorough research on what kind of app you want to build and make it friendly so that it can reach a bigger market.
Moreover, the app market offers automation tools for updates, user analytics, and ad management, ensuring a smooth operation and consistent income.
8. Automate the Accounting Hassle
Managing accounts-related issues can cause businesses a lot of frustration. Thus, accounting software will be a lifesaver for businesses of all sizes. You can build a cloud-based accounting software that automates tasks like expense tracking, invoicing, and financial reporting, which can attract many companies as it will save valuable time for business owners and their teams.
9. Launch an Online Store with Streamlined Operations
Ecommerce has exploded in popularity, and with the right tools, launching your automated online business can be surprisingly automated. From inventory management to customer service, platforms like Shopify and WooCommerce offer automation options. These tools can handle orders, track inventory, and even automate marketing efforts, allowing you to focus on scaling your business. So, what are you waiting for? Decide a niche and line up sources to source those products and start your online business venture.
Learn more: Significance Of Business Process Automation services And Its Impacts
10. Captivate Listeners with Podcasts
Podcasting can be a good way to earn money but it requires hard work and dedication. Some of the most successful podcasters make millions of dollars a year.
The most profitable podcasts use multiple monetization methods, including Selling merchandise. When listeners buy branded products, it shows their support for the podcast. However, waiting until you have enough dedicated fans before selling merchandise is best.
Another way is by playing sponsored advertisements on your episodes. If you have a small audience, you can reach out to businesses in your industry and offer them ad spots in your show.
Tools like automated transcription services, scheduling software, and monetization platforms can streamline your workflow, enabling you to focus on creating engaging content.
11. Become a Travel Blogger with a Global Reach
Travel blogging combines your passion for exploration with the potential to build a profitable business. You can convey your travel ventures and recommendations through an engaging blog, attract readers with captivating content and leverage automation for social media promotion and affiliate marketing.
Travel blogging can have unlimited earning potential, with some bloggers making six—and seven-figure monthly incomes. However, it usually takes around 24 months of work and four to five years to make a full-time income. The initial years involve much hard work and content creation to gain traction.
12. Offer Expert Ad Consulting
The world of online promotion and advertisements can be overwhelming. You can be a person who provides services to businesses and individuals struggling to employ and manage ads by offering automated ad consulting services, where you use software to analyze, manage, and optimize ad campaigns, which can be highly profitable.
Ad experts can earn money through various roles, including managing paid advertising campaigns, freelancing, or running their own PPC agency.
According to various reports, in the US, Google Ads specialists can earn an average of $60,000 annually, while freelancers may earn $15–$40 per hour.
AI Tools Needed To Automate Business Processes
If you want to get started with your passive income, you must know about the following 10 AI workflow automation tools to make your automated business ideas successful.
- Automation Solutions
- Predictive Analytics Platforms
- Customer Relationship Management (CRM) Systems
- Natural Language Processing (NLP) Tools
- Marketing Automation Platforms
- Supply Chain Optimization Software
- Business Intelligence (BI) Dashboards
- Data Security Solutions
- Image Recognition Software
- Virtual Assistants and Chatbots
Want to learn more about them? Check out 10 Business AI Tools by ABC-Media.Net to Automate Business Processes.
Last But Not Least
Automated business ideas are the future, offering unparalleled opportunities for growth and passive income. By leveraging technology, you can simplify operations, lessen manual work, and focus on strategic expansion. Whether you’re interested in IT solutions and services, e-commerce, automators AI, software development, or content creation, there’s an automated business ideas for you in 2024.
You must explore these opportunities today and take the first step towards a more efficient and profitable business!
Frequently Asked Questions (FAQs)
How to set up automated business ideas?
You can set up automated business ideas in many ways; some of the major and profitable automated business ideas are:
- Become An Affiliate marketer
- Dropshipping Business With No Major Overhead
- Create A Platform For Building AI Chatbots
- Create And Sell Online courses
- Publish Ebooks
- Build An SEO Software
- App development With In App-Purchases & Ads
- Develop Accounting Software
- Launch An Online Store
- Podcasting
- Become A Travel Blogger
- Provide Ad Consulting
What can be automated in business?
Many business tasks can be automated; some of the automated business examples are:
- Email marketing
- Sales
- Customer Relationship Management
- Marketing
- Social media
- Invoice processing