5 Most Promising Business Ideas Kept A Secret By Billionaires
Do you daydream of becoming a billionaire like Jeff Bezos or Elon Musk just like I do? That’s good, cause you need to dream first to make them come true. I have started my journey as an entrepreneur, and I am here to help you to take your first step, cause that is, in most cases, the hardest to take.
The first step (if you haven’t already guessed from the blog’s title) to start a billion-dollar business is to come up with the best business idea that is worth billions. So, today I’ll be talking about the 5 most lucrative business ideas that billionaires don’t want us to know about.
Let me put it into perspective how promising these ideas are. Let’s consider that some anonymous billionaire in America (let’s name him Bill Jobs) lost all his fortune and is in debt of a million dollars. Then our hero, Bill Jobs, will put all his trust and efforts on these five business ideas that he would get working on to pay back that debt money and gain back his billionaire title.
So let’s start with our list of billion-dollar valuation business ideas.
There is a reason why Jeff Bezos took the title from legends like Bill Gates and Warren Buffet and became the richest person in the world. It’s because he sold something that almost everyone in the world would buy.
He is the founder and owner of the world’s biggest marketplace which sells everything from A to Z. The money in commissions is enough to put him on the map. But you can’t just get up one day and go competing directly against Amazon.
You need to follow the same approach that Amazon did; they launched as a bookselling company and grew from there. So, you need to find a niche of your own in eCommerce and stick to that and gain enough capital and brand value before expanding to other product verticals.
If starting an eCommerce platform seems like too big a step, you can also create a digital shop over social media platforms like Facebook and Instagram. These social apps have started providing features where you can put your products online, just like you would in an eCommerce platform.
You may not earn as much you could with a dedicated retail app, but it could be the small step you take before the giant leap. With Facebook and Instagram Ads campaigns, you can boost your reach across your target audience on these social media apps.
Micro Social Agency
Carrying ahead from the previous topic, if you are good at social media marketing or have people experienced in such work, you can start a social media management micro agency. The micro agency is essentially a minimal, single platform agency that does social accounts management services for bigger firms that serve a broad umbrella of marketing services to their clients.
These big marketing agencies are good at overall management and acquiring clients, but when it comes to pure social media boosting, they lack the intricate skillset. They don’t know how to do everything well because social media keeps changing very often, so does the client’s demands.
That’s where you as an individual or a small team of highly expert social media professionals can offer your micro agency services for a single social media platform like Facebook, Pinterest, Twitter, Instagram, YouTube, or LinkedIn.
There have been countless instances when a full-stack social media agency decided to focus on a single platform like YouTube or Facebook and were able to grow exponentially. This happened just because they were able to provide a super focused and high yielding result to their clients via a single platform.
This focused approach is what triggered several micro agencies to get on this single platform bandwagon and become highly profitable for their clients and themselves.
Mobile & Web Applications
When out of 7.8 billion people in the world, 5.2 billion people use smartphones, it is probably the best place to do business. There are virtually infinite web app ideas that one can pursue and build a successful business in 2020.
These mobile and web applications are the real cash cow in present times. They have possibly the most number of revenue streams from a single platform.
There are numerous ways to earn from an app, and if your app gets a sudden boost from a trending meme or pop culture, you can also make up to billions in revenue.
The present generation doesn’t want to live under the pressures of mortgage loans and EMIs. They are the rent and chill kind of people, and this approach has given rise to a multi-trillion dollar lifestyle industry, the rental lifestyle.
People don’t buy cars anymore, they simply rent a car and change the model when they get bored with one. So instead of buying a Ford Focus, you can just rent a more high-end car like a Camero SS and ride in style.
This same approach gave birth to companies like Airbnb and Uber, where the user rents out a property or hail a taxi whenever they need one and then get on to the next one without any financial commitments.
Do all of these ideas seem a little too big on investment for you? Then this last business idea is perfect for you if you wish to make a large profit for a very small investment.
Meal Prep Business
The greatest currency at present is not money, gold, or even data; it is time. People have less and less time nowadays making daily chores a very irritating matter for many.
There are millions of people in the world that don’t have time to cook their own food and hate eating out daily. You can be their cook and make an outstanding amount of profit from this business idea.
People are willing to pay a couple of hundred dollars per month for the meal prep service where they’ll be served healthy, delicious food for lunch and dinner every week. You can start this business on your own or with family and friends to serve more people. Once you get enough customers, you could hire people to scale the business and make it even more profitable.
Time To Get The Gears Running
So these are the 5 most promising business ideas that you can start right now and begin your climb towards a successful enterprise. If you want to be rich, you need to find what people want and deliver it to them in such a way that is profitable to you.