Million-dollar business ideas were easy to dream, but hard to implement and earn earlier. Gone are the days, when you needed a huge amount of money to start a business. Lack of technology and resources made things difficult to run a business. Over the years, things have changed and entrepreneurs are having enough options to do business without investing huge money. Technology is helping a lot in this process. Good internet connection, heavy server availability, social media and other benefits are pushing entrepreneurs to earn more with less investment.
Steve Jobs once said, “Life can be much broader once you discover one simple fact, and that is: Everything around you that you call life was made up by people that were no smarter than you. And you can change it, you can influence it, you can build your own things that other people can use.”
Every other person has a great idea; all you need is the resource and confidence to implement the same. If you have the ability to cultivate the creativity, then implement the same with full force. When you perceive an idea, there should be three things:
- It should be something that you like to do
- It should be something you are good at
- It should be something that is in demand
If you are planning to build a 10 million dollar business ideas, then here are few businesses you care pinch upon:
10 million-dollar business ideas
- E-Commerce Store
If you do not have enough money to open a brick-and-mortar store, then an e-commerce store is the best to go with. E-commerce does not require millions to invest or time commitment. Moreover, you are not limited to one business hours. You can sell products to customer 24/7.
Online stores do not demand high start-up costs, also there is no restriction to a limited area. You can deliver your product anywhere in the state. However, there are certain things you need like- good vendors, user-friendly website, mobile app and good delivery system. Once your e-commerce site is successful, you will earn good money in over the years.
2. Digital Marketing Agency
If you are good in marketing, have good connections with influencers, understand search engine and social media marketing platforms technical aspects, then opening a digital marketing agency is the best idea. For this business too, you do not need an office in the initial. You can deal with a client virtually, connect with your team and conduct business accordingly.
Dropshipping is a business model where the online store owner does not own the inventory. When a customer places an order, the store purchases from the third party who will ship it directly to the customer. In other words, you will be the intermediary between the customer and the supplier. If you have a good reach to customers and products are appealing, then you can earn good bucks.
One of the best ways to earn good money is by blogging. There are companies, which look for bloggers to connect with them and write about their products. These products or service can be about hospitality, fashion, technology or any other. You need to be really good in your English language and a little bit of knowledge about SEO and create quality content. Over the years, blogging has become the most preferred option for those who love to write and earn quick bucks.
5. Web Development
Every other, small and large company wants to have a website that can help in marking and connect with the target audience. If you are good in programming language and technical aspects, then web development is the best you can go with. You can either start your own web development service or connect with reputed web Development Company in Chennai to work as a freelance web developer. There is good money involved in web development service.
6. Drone Videographer
From weddings to commercial shoot and movies, drones are now becoming a necessary tool. If you are good at flying a drone, you can charge a good amount, meet different people and visit interesting places. You do not have to own a high-end drone, but mid-sized ones. You can even rent the drone for professional use. The drone services market size is expected to grow from USD 4.4 billion in 2018 to USD 63.6 billion by 2025, at a CAGR of 55.9% during the forecast period.
7. Creating an Online Course
If you are in the technical aspect of any subject, digital marketing or any other field, you can create a course and sell online. One of the best platforms where people can access online course is the Coursera having 15 million users. During the pandemic period, more and more online course website was in high-demand to offer courses. You can too create one course and sell it to the education website.
8. Mobile App Developer
According to one study, by the end of 2021, there will be close to 5 billion smartphones globally and the demand for the same is increasing. More and more people are keen on buying the smartphone, which will also increase the use of apps. Therefore, the demand for app developer will be high. If you are good in codes and designing, then be a freelance web developer. Mobile app developing companies hire freelance web developers to build apps on a commission basis. There is good money involved if you are tie-up with a company.
9. YouTube Channel
If you are creative and want to display your creativity and earn money, then open your own YouTube channel. In the age of social media, it is easy to share videos and earn views. The more views your video gets, the more you earn. Check out what people are posting, and what new and creative videos you are upload to earn money.
10. Affiliate Marketing
As an affiliate marketer, you will be promoting products and service of others on your site and earn a commission. Amazon is the most popular platform for affiliate marketing. You need to mix content and promotion to help the product reach out to the target audience. Your main task here is to generate traffic to your site and make the product sell.