Top 30 Million dollar business ideas
Ever dream of starting your own business to escape the 9-5 routine? Many people do, and they’re constantly brainstorming for good business ideas. Here we provide inspiration with a list of the best 30 million dollar businesses:
Small Million dollar business ideas
1. Drop shipping:
This type of business is perfect for beginners because you don’t have to buy any inventory until a sale has been made. The drop shipping business model is popular with bloggers, freelancers, and small businesses looking to expand their product catalogs without worrying about storage. Shopify is an online store that allows users to design their e-commerce platform. Moreover, they offer credit card processing facilities for companies that want to maintain a payment gateway.
2. Running a blog:
Blogging is a great way to earn money because it does not require any investment and can be run from the comfort of your home. However, it takes time and effort to build your blog’s audience, so be patient. You can start by sharing your thoughts on a particular niche or industry. More than one billion people are blogging online, so the potential for exposure is immense.
3. Affiliate Marketing:
If you enjoy writing and have some blogger experience, consider starting an affiliate marketing business. Basically, you become a promoter of other products on your blog. If people buy these items through your affiliate links, you will receive a commission from the seller.
4. Computer Game Development:
It may seem like an odd business opportunity, but the reality is that gaming has become a main form of entertainment in many cultures. For example, there are about 1.2 billion gamers in China alone, who spent over $13 billion on games last year. The gaming industry is growing fast, and this is a great business to be a part of it.
Best million dollar business ideas to start with no money
5. Online education:
This type of business has been around for decades, but it uses the latest technology to transform education. Udemy is an online course business that has more than 12,000 courses taught by expert instructors. Udemy charges users between $20 and $200 per course, depending on its length and level of expertise required.
6. Online SEO services
The task of SEO is to improve your website’s search engine ranking by making it more visible on search engine result pages (SERPs). In other words, this type of business helps companies get free traffic from Google and other major search engines. The demand for SEO services has been growing because internet penetration rates continue to increase around the world.
7. Online dating website, fees are charged to users who want to contact each other:
This site is very similar to Tinder and Match.com, where you can start your own dating business without investing any capital as a starting fee. However, you need to know that this form of business can be very competitive because many people offer the same services. Start by building your brand and advertising it to potential customers.
8. Selling homemade crafts:
Craft businesses are very popular with the rise of Pinterest and Etsy. This business requires no startup costs because it can be run out of your house, garage, or spare bedroom. It is important to note that competition for this type of business is growing rapidly, so you need to build your brand.
9. Wedding planning:
Many people dread the procedure associated with planning a wedding, but this can become an opportunity for you as a business owner. Start by making a list of services you can offer and then advertise your business to potential clients. Wedding planning is a multi-billion dollar industry, so there is plenty of demand for services such as catering, decoration, and bridal party arrangements.
10. E-Cigarette store franchise:
This is a new industry where sales of electronic cigarettes have been increasing due to the possible health benefits. E-cigarettes and related supplies can be purchased wholesale and then resold to consumers at marked-up prices. The potential for growth in this market is huge, especially when considering that traditional tobacco products are only available in about 68 countries worldwide.
11. IT consulting:
The demand for computer software and hardware is always increasing, making this type of business opportunity ideal for specialists in the field. According to Forbes, the global IT services market was valued at $1.7 trillion last year, and it’s expected to reach $2.8 trillion by 2018. Moreover, the consulting market is growing rapidly because many businesses seek technical know-how to get ahead of the competition.
12. Voice over IP service:
This industry allows users to make phone calls via an internet connection instead of their traditional mobile or landline telephone connections. This can be done in two ways, either through a computer or by using special handsets compatible with this service. This type of business is popular among call centers, freelancers, and even individuals who reduce their communication costs.
13. T-shirt printing:
If you want to start a small business that doesn’t require a large capital investment, consider starting a t-shirt printing company. You have to order bulk t-shirts and then bring your designs to a local printer to print them on the garments. The best part of this business is that you can sell custom t-shirts for events, school groups, clubs, and teams at the lowest rates possible.
14. Instagram Influencer:
This type of business is open to those who have a large number of followers on Instagram. If you can bring in 5,000 or more followers, you can join companies as an affiliate marketer that will pay you commissions when your audience buys their products and services.
15. Start YouTube Channel as a Vlogger:
Vlogging is short for video blogging. Essentially, you can become a YouTube sensation by starting your channel and sharing videos with your friends and family online. However, it’s important to note that you can’t just capture any random content and upload it on the video hosting site. You have to create interesting and engaging videos that will help you build a solid fan base.
16. Start Podcast:
If you have a unique perspective about certain topics, then consider starting your podcast. However, it’s important to note that the more popular the person who hosts the show, the higher the amount of money earned from advertising. In addition, some podcasts are even broadcast on terrestrial radio stations.
17. Freelance Writer:
If you have a degree in literature or writing, then consider becoming a freelance writer. You can find many websites that will allow you to share your work and get paid for it. However, you should expect that this type of business could lead to inconsistent paychecks each month.
18. Sales Floor Associate:
If you want to get into retail but don’t want to manage an entire store, then consider becoming a sales floor associate at a major clothing retailer such as H&M. You will still get to engage with customers and sell merchandise. Still, your payment won’t depend on the success of the entire business.
19. Graphic design:
This is another opportunity that allows you to start your business without spending money. However, you will need some basic computer skills along with creativity and an understanding of design principles. If you want to break into this type of business, it’s good to get your website and share your work online.
20. Auctions on eBay:
The auction site is the 8th most visited website in the US, with over 100 million active users. Many small businesses use this platform to generate revenue by reselling second-hand goods, like cell phones and computers. It’s an effective way to make money because companies can start for free and incur no product costs. eBay takes a 10% commission from the sale of every item.
One of the best multi-million dollar business ideas
21. Real Estate Appraiser:
If you have a degree in business, finance, or real estate, you can become a licensed real estate appraiser. You will be responsible for examining home values in different regions throughout the country and determining their worth.
22. Investment Broker:
If you want to get into finance but don’t have enough capital, consider becoming an investment broker at a reputable investment firm. This business requires a bachelor’s degree in finance, economics, accounting, or other related subjects. However, if you have a law degree, it will be easier for you to get a position as an attorney at a major corporation because you can bring in clients and handle their legal affairs.
23. Food Truck Business:
Food truck businesses are on the rise because they offer affordable startup costs and low overhead. Once you have all of your equipment, food, and licenses necessary for this type of business, you can sell meals anywhere. This is a great way to make extra cash by catering events or setting up shop at an outdoor location during lunchtime.
24. Automotive Repair:
If you have a passion for cars and know a lot about them, consider becoming an automotive technician. You will get to work with customers from home or from the garage that you set up. In addition, this type of business requires little capital because there won’t be any storefront expenses. Therefore, people with limited financial resources can start this type of business right away.
25. Personal Care Assistant:
This is another opportunity for those looking to get into health care but doesn’t have the necessary capital. You will have the job of helping older people or sick people with their daily activities to continue living independently. In addition, you will be able to set your hours and have a flexible schedule. Also, because this type of business is in high demand, the job outlook is projected to grow faster than average at 14% through 2024.
26. Custom Clothing Store:
This is one of the best million dollar business ideas. If you love fashion and developing unique styles, then consider starting your own custom clothing business. All you need to begin this type of business is a computer with design software and some basic sewing skills. Once you have all of your materials, you can sell custom-made clothes online or at your storefront.
This might be one of the most profitable multi-million dollar businesses because it requires little startup costs and no licensing. In addition, you can begin this business from your home with a few ingredients and a soap-making machine. This is a great way to earn some extra cash by selling your soaps to friends, family members, coworkers, or at a local flea market.
28. Pet store:
Pet stores are on the rise because people have realized how important it is to access pet services. You will be able to set your hours and meet many interesting people when you start this type of business. In addition, if you already have pets at home, consider starting a pet store that sells accessories for them. You can set up a small storefront or sell items online.
29. Restaurant Business:
Another lucrative business opportunity is opening your restaurant. This type of business requires little financial resources because you can choose to either serve food out of a storefront or set up a shop at an outdoor location. If you want to be successful in this business, you must offer high-quality meals at affordable prices.
30. Toys shop:
Toy businesses are on the rise because toys have become a big part of our culture. In addition, this type of business requires little capital because you can start it with a small storefront. With the right entrepreneurial mindset, you will be able to turn this business into an empire in no time at all. All you need is to source the best toys and offer high-quality customer service.
If you want to become an entrepreneur but don’t have much money, consider these 30 million dollar business ideas. If you have what it takes to be successful, anyone can turn a small amount of capital into a multi-million dollar empire.