Connect with us

AFFILIATE MARKETING

24 Business Ideas That Could Be Worth Millions

Published

on

Opinions expressed by Entrepreneur contributors are their own.

The advance of the internet has democratized admission to the world of entrepreneurship. From virtually anywhere in the world (provided internet access), makers can launch real, viable businesses capable of generating millions of dollars a year.

While technology has lowered the barrier to entry to starting a business, there’s still an infinite supply of problems just waiting to be solved. With tons of ideas out there, the primary ingredient for building a startup — besides time and a bit of luck — is execution. You just have to get started. To get you started, here are 24 viable business ideas.

24 Business Ideas That Could Be Worth Millionseclipse_images | Getty Images

Gmail Extension Creator

Modern businesses rely on email to get their work done. There are dozens of opportunities to build Gmail extensions that automate parts of a professional’s workflow to save time and money.

Related: 20 Gmail Hacks Only Savvy Users Know

1640839405 288 24 Business Ideas That Could Be Worth MillionsPrasit photo | Getty Images

Drone Videographer

Improvement in aviation technology has made it easier than ever to get a drone up and flying over a beautiful landscape or building. The commercial and residential real estate industries are practically begging for more drone videographers to serve their agents and home developers.

Related: Revolutionizing the Film Industry With Remote-Controlled Drones

Advertisement
1640839405 484 24 Business Ideas That Could Be Worth MillionsSofie Delauw | Getty Images

Drop Shipping Business Owner

You can start an e-commerce business without holding any inventory. This practice, known as drop shipping, offers a lot of opportunity if you can dominate the right niche.

Related: 6 Steps to Building a Successful Online Drop Shipping Business

1640839405 4 24 Business Ideas That Could Be Worth MillionsAnchiy | Getty Images

Online Course Creator

If you know an industry or task really well, you can easily create and sell an online course that teaches people a new skill. You’ll just have to invest the resources upfront that are necessary to develop the class. 

Related: 8 Steps to Creating a Profitable Digital Course

1640839405 277 24 Business Ideas That Could Be Worth MillionsSonerCdem | Getty Images

Social Media Manager

You can run social media accounts for a number of different companies if you market yourself well. Advertise your ability to drive sales and increase ROI by leveraging the reach of multiple social channels.

Related:  Tips for Running Your Best Social Media Campaign Ever

1640839405 518 24 Business Ideas That Could Be Worth MillionsGCShutter | Getty Images

Online Influencer

It’s a common dream nowadays to become an internet celebrity, and there’s a reason: Building a wide audience on the internet can give you immense influence that can be monetized at scale. 

Related: What I’ve Learned From Spending $10 Million on Influencer Marketing

1640839405 515 24 Business Ideas That Could Be Worth MillionsHero Images | Getty Images

Affiliate Marketing Partner

Affiliate marketing is a partnership that bloggers, content creators or marketers can have with an online retailer. The retailer pays a commission for every referral sale the partner sends their way. 

Related: Top 10 Affiliate Marketing Tracking Software Platforms

1640839405 405 24 Business Ideas That Could Be Worth MillionsHero Images | Getty Images

Event Planner and Promoter

Restaurants, clubs and other physical venues often struggle to get customers in the door. Using your ability as a marketer, you can be compensated for directing traffic to these locations.

Related: The Price Is Right: Turning a Profit in the Event Planning Business

Advertisement
1640839405 614 24 Business Ideas That Could Be Worth MillionsGhislain & Marie David de Lossy | Getty Images

Real Estate Investor

In any market, there are opportunities for buying and selling real estate to make a profit. With a bit of capital, you can begin taking more risks on your assets and making long term investments in residential and commercial real estate. Just be sure to do your research before you get started. 

Related: 8 Ways Real Estate Is Your Smartest Investment

1640839405 34 24 Business Ideas That Could Be Worth MillionsChevanon Wonganuchitmetha | EyeEm | Getty Images

Ghostwriter

You can turn your ability to write well and quickly into a serious business if you find the right clients. Try freelancer platforms like Upwork and Freelancer.com. As long as you provide consistent and quality content, over time, your business is bound to grow.

Related: The Entrepreneur’s Complete Guide to Ghostwriting

1640839405 535 24 Business Ideas That Could Be Worth MillionsYakobchukOlena | Getty Images

Content Translator

Being fluent in another language can be extremely valuable to people who need their websites translated. Put up a simple website, and you can start charging for “translation as a service” for websites, documents and presentations.

Related: Going Global? 3 Strategies to Ensure Nothing’s ‘Lost in Translation’

1640839405 797 24 Business Ideas That Could Be Worth MillionsZapp2Photo | Getty Images

FAQs Chatbot Builder

Companies waste dozens and dozens of hours a week answering support questions from their customers. Help them automate this process by using a simple chatbot.

Related: Top 10 Best Chatbot Platform Tools to Build Chatbots for Your Business

1640839405 221 24 Business Ideas That Could Be Worth MillionsDaviles | Getty Images

Website Flipper

Using Flippa or any other online business marketplace, you can buy and sell projects, domains and websites. With the right eye, you can find great deals on promising ideas and turn them for a profit with just a small investment in the right areas. 

Related: 7 Lucrative Online Jobs That Can Skyrocket Your Income

1640839405 512 24 Business Ideas That Could Be Worth MillionsMint Images | Getty Images

Newsletter Writer

Building a newsletter with an active following is an extremely lucrative business opportunity because advertisers will pay serious dollars to get their names in front of the right audience. Start with a small niche that you can really provide value to, and you’ll likely see your subscriber list grow over time.

Related: 4 Steps to Building A Profitable Digital Newsletter

Advertisement
1640839405 444 24 Business Ideas That Could Be Worth MillionsAnchiy | Getty Images

Freelance Designer

Learn how to use Photoshop or sketch, and you can start charging clients for your design work. As a freelancer, you’ll be able to make your own hours and dictate your own progression as your business grows. 

Related: The Non-Designer’s Guide to Hiring a Great Freelance Web Designer

1640839405 910 24 Business Ideas That Could Be Worth Millionsalvarez | Getty Images

Personal Trainer

If you enjoy fitness and maintaining a healthy lifestyle, then personal training could be a prime business for you. There’s always a market for it through people who are looking to get in shape — and looking for someone to push them in the right direction. 

Related: How To Add Wellness Coaching to Your Personal Training Business

1640839405 559 24 Business Ideas That Could Be Worth Millionseclipse_images | Getty Images

Craigslist Flipper

Craigslist can be a goldmine finding deals that you can flip for a profit. There are plenty of resources available online that can help you identify the good deals from the rest of the pack. 

Related: How to Make a Fortune With $100

1640839405 626 24 Business Ideas That Could Be Worth MillionsBetsie Van Der Meer | Getty Images

Farmers’ Market Seller

If you know any farmers in your area, you can reach out to them and offer to sell their products at farmers’ markets. Rather than paying upfront, you can mitigate your risk by partnering with the farmers in exchange for commission.

Related: College Entrepreneurs Find a Green Niche in an Online Farmers Market

1640839405 977 24 Business Ideas That Could Be Worth Millionsvgajic | Getty Images

Paid Advertising Consultant

Most businesses rely on some sort of paid advertising to drive leads for their business. Become an expert at Google AdWords or Facebook ads, and you can start charging clients for managing their spend.

Related: Need Clients? The 5 Best Ways to Market Your Consulting Business

1640839405 291 24 Business Ideas That Could Be Worth Millionsasiseeit | Getty Images

Tutor

Whether it is for the ACT, SAT or just general schoolwork, many students could use support to do their best in different subjects. Become a resource that helps students succeed in the classroom, and many parents will likely be willing to pay you for the help. 

Related: To Rapidly Enhance Your Business, Stop Selling and Start Teaching

Advertisement
1640839405 793 24 Business Ideas That Could Be Worth Millionscourtneyk | Getty Images

Outsourced Assistant

Well-paid CEOs do not have the time or energy to worry about many of the administrative tasks that can come with the job. If you can give wealthy people their time back by acting as an outsourcd assistant, many will be more than happy to compensate you appropriately. 

Related: What Successful Entrepreneurs Outsource to a Virtual Assistant

1640839405 649 24 Business Ideas That Could Be Worth MillionsHero Images | Getty Images

Reviewer

Believe it or not, you can turn a profit off of beinga “professional reviewer,” or someone who reviews products by publishing thoughts about them online. It will take some time to gain some domain authority, but after a while, you could become a thougth leader in your space.

Related: A Top TripAdvisor Reviewer Talks About How Reviews Work, for Good and Bad

1640839405 3 24 Business Ideas That Could Be Worth MillionsThomas Barwick | Getty Images

Life Coach

Becoming a life coach is as simple as determining which of your past experiences you can use to provide value to others. Whether it is providing actionable strategies or general advice, you can likely find a niche as a life coach or mentor.

Related: The 10 Best Cities For Starting a Life-Coaching Practice

1640839405 766 24 Business Ideas That Could Be Worth Millionsscyther5 | Getty Images

Website Designer

There are plenty of companies and professionals out there who want a website to represent them online but don’t have the skills to create it. Many are more than willing to pay for a quality website that will better display their brand image.


Source link
Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address

AFFILIATE MARKETING

Samsung: 6-Day Workweek For Execs, Company in Emergency Mode

Published

on

Samsung: 6-Day Workweek For Execs, Company in Emergency Mode

Four-day workweeks might have all the buzz, but one major tech company is going in the opposite direction.

Samsung is implementing a six-day workweek for all executives after some of the firm’s core businesses delivered lower-than-expected financial results last year.

A Samsung Group executive told a Korean news outlet that “considering that performance of our major units, including Samsung Electronics Co., fell short of expectations in 2023, we are introducing the six-day work week for executives to inject a sense of crisis and make all-out efforts to overcome this crisis.”

Lower performance combined with other economic uncertainties like high borrowing costs have pushed the South Korean company to enter “emergency mode,” per The Korea Economic Daily.

Related: Apple Is No Longer the Top Phonemaker in the World as AI Pressure and Competition Intensifies

Advertisement

Executives at all Samsung Group divisions will be affected, including those in sales and manufacturing, according to the report.

Samsung had its worst financial year in over a decade in 2023, with the Wall Street Journal reporting that net profit fell 73% in Q4. It also lost its top spot on the global smartphone market to Apple in the same quarter, though it reclaimed it this year.

Though employees below the executive level aren’t yet mandated to clock in on weekends, some might follow the unwritten example of their bosses. After all, The Korea Economic Daily reports that executives across some Samsung divisions have been voluntarily working six days a week since January, before the company decided to implement the six-day workweek policy.

Entrepreneur has reached out to Samsung’s U.S. newsroom to ask if this news includes executives situated globally, including in the U.S., or if it only affects employees in Korea. Samsung did not immediately respond.

Research on the relationship between hours worked and output shows that working more does not necessarily increase productivity.

A Stanford project, for example, found that overwork leads to decreased total output. Average productivity decreases due to stress, sleep deprivation, and other factors “to the extent that the additional hours [worked] provide no benefit (and, in fact, are detrimental),” the study said.

Advertisement

Related: Samsung’s Newest Galaxy Gadget Aims ‘To See How Productive You Can Be’

Longer hours can also mean long-term health effects. The World Health Organization found that working more than 55 hours a week decreases life expectancy and increases the risk of stroke by 35%.

The same 55-hour workweek leads to a 17% higher risk of heart disease, per the same study.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

AFFILIATE MARKETING

John Deere Hiring CTO ‘Chief Tractor Officer,’ TikTok Creator

Published

on

John Deere Hiring CTO 'Chief Tractor Officer,' TikTok Creator

This article originally appeared on Business Insider.

Agriculture equipment company John Deere is on the hunt for a different kind of CTO.

The brand on Tuesday announced a two-week search to find a “Chief Tractor Officer” who would create social media content to reach younger consumers.

One winning applicant will receive up to $192,300 to traverse the country over the next several months showcasing the way John Deere products are used by workers, from Yellowstone National Park to Chicago’s Wrigley Field and beyond.

“No matter what you do — whether it’s your coffee, getting dressed in the morning, driving to work, the building you go into — it’s all been touched by a construction worker, a farmer, or a lawn care maintenance group,” Jen Hartmann, John Deere’s global director of strategic public relations, told AdAge.

Advertisement

To kick off the search, John Deere tapped NFL quarterback Brock Purdy (who will presumably be a bit busy this Fall to take the job himself) to star in a clip in which he attempts to set out on a road trip in an industrial tractor.

Suited up in the obligatory vest, work boots, and John Deere hat, Purdy’s progress is interrupted by teammate Colton McKivitz hopping into the cab while a string of messages floods in from other athletes and influencers expressing interest in the job.

The clip also represents the first time that the 187-year-old company has used celebrities to promote itself, Hartmann told AdAge.

According to the contest rules, entrants have until April 29 at midnight to submit a single 60-second video making their pitch for why they should be the face and voice of the company.

In addition, entrants must live in the 48 contiguous states or DC — sorry Hawaii and Alaska residents. Interestingly, any AI-generated submissions are prohibited, too.

Videos will be judged against four categories — originally, creativity, quality, and brand knowledge — after which five finalists will be chosen and notified after May 17.

Advertisement

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

AFFILIATE MARKETING

How to Capitalize On This Thriving Talent Pool to Drive Your Company’s Growth

Published

on

How to Capitalize On This Thriving Talent Pool to Drive Your Company's Growth

Opinions expressed by Entrepreneur contributors are their own.

As business operations shift, executives and entrepreneurs are increasingly turning to an on-demand workforce that is simultaneously empowered by technology and drawn to purpose-driven projects.

Consider Upwork, whose 2020 Future of Workforce Pulse Report revealed that nearly 80% of hiring managers engaging freelancers feel confident about doing so. These hires provide coveted expertise — on a project-to-project basis — that entrepreneurs need to scale their operations without incurring long-term overhead costs.

This new market paradigm also promotes dynamism, with 79% of businesses agreeing that freelance talent enables greater innovativeness. Perhaps most telling, 84% of hiring managers utilizing it feel more assured about adapting to future disruption, compared to just 69% of those relying solely on full-time staff.

By capitalizing on freelance marketplaces, entrepreneurs can amplify employer branding, augment capabilities and future-proof organizations, even amid turbulence. As nearly 60% of hiring managers plan to increase engagement with freelancers over the next two years, the time is now for executives to realize their inherent potential.

Advertisement

Related: Navigating the Great Reshuffle: Why Your Employer Brand is Key in Recruiting Talent

The job market continues to shift

After a season of massive hiring, we’re back to seeing layoffs and downsizing. Companies are feeling the bloat—from unused office spaces with rising rent to oversized employee structures — and are shifting focus to hiring only the most essential positions. This leaves a critical talent gap needed for complex projects and specialized tasks. Highly skilled and specialized independents can fill this void.

A few key benefits to engaging them:

Access to niche experts: Platforms like Toptal and Guru provide access to elite professionals from leading Fortune 500 companies and innovative startups. Whether the need is for a machine learning specialist, growth strategist or financial modeler, entrepreneurs can now curate on-demand teams that boast specialized skillsets, enabling them to focus investment on projects with the highest strategic value.

Enhanced agility: Leading corporations increasingly “rent” skills by tapping freelance experts for initiatives involving new technologies or while entering unfamiliar markets. With niche contributors available to plug knowledge gaps, owners can explore ideas that once seemed unrealistic due to internal constraints—unlocking inventiveness and first-mover advantage.

• Stronger employment brand: Blending full-time employees with project-based freelancers signals a commitment to modernization and work-life balance. Offering both engaging work and flexibility will help draw exceptional candidates and help you compete with corporate giants for top-tier talent.

Advertisement

Related: Can Retirees Thrive in the Gig Economy? Navigating a Changed Workforce

Tips for capitalizing on gig talent

Having explored the forces reshaping work, executives may wonder how to effectively leverage freelance platforms. After all, how can you know you’re getting your money’s worth if a hire isn’t physically present full-time?

• Define projects clearly: Contract hires thrive when expectations and deadlines are established upfront. So, clearly, detail needs around deliverables, success metrics, required skills and projected time investments. Staying ahead when it comes to communication and expectations will help avoid headaches, including delays.

• Build loyalty with talent: The best independent professionals have options regarding the projects they accept. Study their profiles to discern passions and incentives. Offer interesting work, flexibility and strong communication to motivate interest and improve results.

• Manage collaboration: Provide steady context, feedback and guidance at each project stage, but also foster autonomy, even while directing efforts toward strategic goals. A dynamic balance of these qualities drives optimal outcomes.

• Continue expanding your talent pool: Add proven freelancers to an internal database for repeat engagements, and notify talent about new initiatives for which their expertise would provide an edge. Uncovering additional ways, freelancers can enhance the business deepens the relationship.

Advertisement

Related: Fill Your Talent Gap by Sourcing Candidates From the Veteran Community

Top platforms for connecting with talent

Now comes the hard part: finding contractors who bring fractional expertise sets. There are a growing number of platforms, of course, but I’ve found that the following stand out as leaders:

Fiverr: Ideal for execs seeking design, digital marketing, writing, video and admin support. Known for affordability and ease of posting jobs. It taps a global talent pool, too.

Upwork: A flexible platform that spans more than 150 skills. Used by everyone from small businesses to global enterprises. Strong at IT, development, design, finance and consulting.

Toptal: Focuses exclusively on the top 3% of talent. Best for expert software developers, designers, project managers and finance experts. All contributors are extensively vetted.

Contra: A growing independent platform that vets and connects both job candidates and hiring companies. Best of all, it doesn’t take a commission from projects.

Advertisement

Related: 3 Strategies to Optimize Your Hiring Process and Find the Best Employees

The numbers speak for themselves: businesses engaging freelance professionals report greater confidence and competitiveness, as well as the ability to withstand turbulence, yet legacy beliefs can still cause hesitancy among those keen to hire. Supported by such specialized collaborators, companies can explore new horizons unencumbered by a one-time narrow view of staffing models.

Source link

Keep an eye on what we are doing
Be the first to get latest updates and exclusive content straight to your email inbox.
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Continue Reading

Trending

Follow by Email
RSS