10 business ideas to help you become a millionaire

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

You can make millions on the most unexpected things. For example, on socks, sneakers or dirt.

4 crazy ideas that have already made someone a millionaire

Nobody bothers you to try to repeat at least some of them.

1. Establish a pet store of stones

Almost half a century ago, an American guy named Dahl, after listening to colleagues and acquaintances complaining about their pets, came up with an ideal "pet" - a stone. And he opened a store selling them.

Pet Rocks were smooth boulders from the Mexican beach of Rosarito and were sold in cardboard boxes with straw and breathing holes.

Stupidity? In general, yes, and even Dahl did not deny it, treating the project as a joke Gary Dahl dies at 78; creator of Pet Rock, 1970s pop culture icon. Together with the stones, he supplied instructions for keeping and raising - a multi-page booklet in which users were told how to care for a "pet", how to raise it correctly, soothe it if the Pet Rock is alarmed, and even train it. The pet understood simple commands like "stand still" right away, while others, for example, "roll on the table," required some help from the owner.

The ridiculous idea turned out to be incredibly successful. In six months, Dahl sold a million and a half Pet Rock for four dollars each and came out with a net profit of over a million.

2. Make playing cards a sport

Former military trainer Phil Black enjoyed playing cards in his spare time. After completing his military career, he decided to combine his two hobbies and created fitness cards.

A deck called FitDeck consists of 50 boxes, each of which depicts a sports exercise and instructions on how to do it correctly. Playing fitness is simple: participants take turns drawing cards and doing the appropriate exercise.

The idea is elementary and, at first glance, absolutely unpromising. But no. FitDeck became a lucrative startup that raised Phil Black several million dollars in its first 12 months of sales.

3. Sell your own dirt. Packaged, in cans

It is known that emigrants yearn for their abandoned homeland. The founders of the startup Irish Durt ("Irish Dirt") managed to monetize this anguish. They set up a sale of Irish land, packed in neat cans.

A pot with soil weighing less than 400 grams sold for almost $ 25. And there were many buyers for the "piece of homeland". In a couple of years, the startup has sold more than 200 tons of land worth over a million dollars. True, today on the site of the Original Irish Durt of the project it appears that the jars are sold out.

By the way, take a closer look at this topic. Considering that up to 400 thousand people leave the same Russian Federation annually Migration in Russia, the results of the first half of 2019, some of which will certainly be nostalgic for their homeland, the idea may turn out to be very profitable.

4. Organize a socks subscription

Everyone needs new socks on a regular basis, but there is often no time to go to the store or to the market for such a trifle. The founders of the American startup Sock Club simply covered the need: they started selling people a subscription to this piece of clothing. A person pays a certain amount, and then monthly for a year receives by mail 1-2 pairs of new socks of exactly the density and appearance that are needed.

There is an additional option: you can order a product with an individual design.

It sounds simple, but in fact, the venture has turned out to be very profitable. Its owners assure How I Started A $ 1MM / Month Business Selling Custom Socks that the business generates a million dollars a month in revenue.

6 ideas that can make you a millionaire

These ideas are more conservative than those listed above. But this is a plus: their success may be more predictable and stable.

1. Sew costumes of heroes of famous films or games

For example, based on "Westworld", some season of "Game of Thrones", "The Witcher" or World of Warcraft.

There are more and more people who, in reality, would like to look like their favorite virtual characters. Also, clothing today is not standardized as it used to be. The institute of uniform is a thing of the past, and if you show up on the street or at work in a Westworld dress, it won't surprise anyone.

You can start with a small workshop for making carnival costumes. And to “sew off” those heroes who have become popular only recently - that is, they have not yet gone into mass sale. For example, it is not difficult to buy a Cinderella children's costume. But with the outfit of Lady Bug, there may be a hitch, although the demand is quite high.

At the stage of a small workshop, you will not earn much, but you will get your hands on it. However, luck can smile right away - subject to a competent marketing policy. After all, costumes do not have to be sold only in your hometown. They can be displayed on global platforms such as eBay, Amazon, or offered on specialized forums where fans of a particular movie or characters live. This increases the chances of a sale.

When you build up a portfolio, you can move on to the next stage - sending offers to large companies involved in decorations, quests, and themed parties.

2. Engage in elderly care and services for the same population

According to the WHO Decade of Healthy Aging, by 2030 there will be more elderly people on the planet than children under the age of 10. And by 2050, the number of the population over 60 will exceed the total number of adolescents and youth (10-24 years).

This suggests that services aimed at older people will become more and more in demand. And it's not just about nurses or drug delivery.

Older people are more likely to need companions for friendly walks or trips. They find it difficult to do household chores or deal with bills. It happens that they cannot go on vacation, because there is no one to take care of three cats or their beloved dog. They are not always able to use new technology. Of course, adult children can help with all this, but they sometimes live in other cities, and even on other continents.

In general, a company that can provide the elderly with a companion or personal assistant, suggest ideas for leisure activities, help with cleaning, shopping, paying bills or walking the dog, clearly has a wide field for commercial activity. And it will expand every year, because the aging of the population is a global trend.

3. Start a business related to the organization of space in the house

Modern people from developed countries in everyday life are forced to solve two contradictory problems. First, they want to live in spacious and light, uncluttered premises. The second - at the same time, houses are overflowing with things: clothes and shoes, gadgets, household appliances, papers, sports equipment. Coping with this is extremely difficult. Therefore, experts and manufacturers will be in demand on the market as never before, who will help people to competently organize the space in their apartments.

According to professional estimates, the market value of "organizer products" for the home by 2021 will amount to $ 11.8 billion Home Organization Products - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders dollars per year.

These products include all kinds of modular structures and racks, as well as services for their installation, transforming furniture, boxes and baskets, compact sets of kitchen and bath accessories. In general, everything that will allow you to provide convenient storage of things, taking them out of sight.

4. Resale limited items

A good example of how this can work is Benjamin Keeks, a teenager from the United States. In seventh grade, he looked on eBay and was surprised to find out how much branded sneakers from the limited edition collections of yesteryear cost.

The boy shook out a piggy bank, borrowed money from his parents, bought fresh limited-edition sportswear for $ 400, and fought the temptation to wear a new one himself for several months. Ben passed the test. And then he sold shoes that had already disappeared from the market with a tenfold profit: for $ 4,000. This allowed him to buy new sneakers for resale.

In general, you understand what follows. In 2017, Ben, who was 16 at the time, came close to the first million earned The Sneakerdon: How Benjamin Kapelushnik Makes His Sneaker Business Boomin.

And there is still a lot of room in this niche. The size of the sneaker resale market, according to some Sneaker Resell Market Hits $ 1 Billion, is estimated at about a billion dollars a year. And that's just sports shoes. Limited collections of clothing, hats, bags and other accessories are a goldmine if you approach this industry with your soul.

5. Take a closer look at agribusiness

As of the end of 2019, over 7.7 billion people live in the world World Population Prospects 2019. This figure is expected to reach 8 billion by 2024 and 9 billion by 2042. You can roughly estimate the rate of population growth using resources like Worldometers.

And everyone needs to be fed, while the world is already celebrating today Global hunger continues to grow, says a new UN report on food shortages.

Therefore, investing in growing fruits, vegetables and mushrooms, raising livestock or fish farming is a very promising and potentially profitable idea. Although, of course, you definitely cannot attribute it to easy money.

6. Sell your knowledge

If you are an expert in some business, this can become your idea for a million. Implementation options are different. For example, you might record and sell an online course that teaches people new skills.

If you have the finances for a startup investment, it makes sense to create your own consulting company. To become a person who knows exactly where to go, what and how to do in order to succeed in this or that business. Choose the niche that is truly close to you. Consultations may concern:

• starting your own business;
• legal and psychological support for drivers who have been involved in an accident or controversial situations on the roads;
• internet security and data protection;
• raising children;
• yes even putting things in order in the house.

A striking example: 35-year-old cleanliness expert Marie Kondo, who published the famous book "The Magic of Cleaning" in 2014, was included in the Time The 100 Most Influential People 2015 list of the 100 most influential people on the planet in 2015. And by the beginning of 2019, she had earned over $ 8 million, and this amount continues to grow. Netflix star and tidying expert Marie Kondo is looking to raise $ 40M.

Naturally, this is not a complete list of ideas that, with the right approach, will help you get rich. If you have other options, which for various reasons do not reach your hands, we are waiting for your comments.