AFFILIATE MARKETING
24 Business Ideas That Could Be Worth Millions
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.

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

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

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

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

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

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

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

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

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

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

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’

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

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

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

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

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

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

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

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

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

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

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

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

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.
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AFFILIATE MARKETING
The AI Video Industry Disruptor

In a world where generative artificial intelligence (AI) is the talk of the town, you can’t afford to overlook the revolutionary role it’s playing in our lives. From large language models (LLMs) being used to draft blog posts and diffusion models for image generation to AI coding assistants for code generation, the productivity potential that generative AI unlocks is staggering. If you are looking to know how to invest in Synthesia, this is the right place for you!
This piece will shine a spotlight on Synthesia, its stocks, investment options, and how to make the most out of this tool.
How to invest in Synthesia stocks: Navigating the basics
Introducing Synthesia – Image via Synthesia
Investing in the stocks of cutting-edge technology companies like Synthesia can be an attractive proposition for many investors. However, the process and availability of investing in such companies, especially those that are not publicly listed, can be complex.
Here’s a guide to help you navigate the potential avenues for investing in Synthesia.
Step 1: Understanding the company’s status
Synthesia is a private company, which means its shares are not available on public stock exchanges. Investing in private companies is typically more challenging than investing in public companies due to limited availability and higher investment minimums.
Synthesia has raised significant capital through Series A, B, and C funding rounds from notable investors. These rounds have contributed to its high valuation and growth but are generally not open to individual retail investors.
If you’re curious about the cost of using Synthesia, make sure to check out our in-depth guide on “Is Synthesia Free to Use?” for valuable insights.
Step 2: Explore avenues for investment
Before investing, take a look at the wide range of investment avenues available to you:
- Venture capital funds: One indirect way to invest in Synthesia is through venture capital funds that hold Synthesia in their portfolio. Investors can look for venture capital firms that have backed Synthesia, like Kleiner Perkins, Accel, or GV, and explore investment opportunities in those funds.
- Secondary market platforms: Platforms like Forge Global or EquityZen provide a marketplace for buying and selling shares of private companies. However, these transactions often require significant minimum investments and are typically available to accredited investors.
- Direct private investment: For high-net-worth individuals or institutional investors, direct private investments in Synthesia might be a possibility. This would generally involve directly contacting the company or participating in future funding rounds, subject to the company’s approval and investment terms.
- Initial public offering (IPO) watch: Keep an eye on Synthesia’s public announcements for any potential IPO. An IPO would allow public investors to buy stock in Synthesia through stock exchanges. However, as of now, there is no public information about an impending IPO.
Step 3: Assess eligibility and requirements
Determine if you meet the criteria for an accredited investor, as many such investment opportunities are limited to accredited investors due to regulatory requirements.
Understand the minimum investment requirements, which can be significantly higher for private companies compared to public stocks.
Step 4: Consult financial experts
Before proceeding, consult with financial advisors, especially those experienced in private equity or venture capital investments. They can provide personalized advice based on your financial situation and investment goals.
Step 5: Monitor your investment
Keep track of Synthesia’s business progress, market trends, and any public announcements, especially regarding future funding rounds or a potential IPO.
Additionally, if you’re interested in exploring AI-driven creativity, our guide on Deep Dream Generator provides five valuable tips for creating stunning images.
Considerations before investing
- Risk assessment: Investing in Synthesia carries a different risk profile compared to investing in other companies. Understanding these risks is crucial, including the lack of liquidity and the long-term nature of such investments.
- Due diligence: Conduct thorough due diligence on Synthesia’s business model, market potential, financial health, and growth prospects. This information may be limited compared to publicly traded companies.
- Investment horizon: These investments often come with a longer investment horizon. Assess whether you are comfortable with tying up your capital for an extended period, as it may take years to realize returns from these investments.
- Diversification: Evaluate how an investment in Synthesia fits into your overall investment portfolio. Diversification is a key risk management strategy, and it’s important to consider how this private equity investment aligns with your other assets.
- Exit strategies: Understand the potential exit strategies for your investment. Private equity investments typically involve strategies like mergers and acquisitions (M&A), IPOs, or secondary sales. Familiarize yourself with these options and their associated timelines.
For a more comprehensive evaluation of Synthesia’s capabilities, we recommend reading our detailed Synthesia AI review.

Considerations before investing in Synthesia
Investing in Synthesia’s services: An alternate approach
An alternative approach to investing in Synthesia is by availing its services. Take a look at the various ways through which you can make the most out of this AI tool:
1. Creating commercial videos for brands
One lucrative revenue stream with Synthesia is leveraging its video creation capabilities to produce commercial or explainer videos for brands. Businesses often require visually engaging content to promote their products or services.
As a Synthesia user, you can offer your video production services on freelancing platforms, catering to companies in need of high-quality videos for marketing campaigns or internal use. By delivering professional and compelling videos, you can establish a steady client base and earn income from your creative video production services.
2. Affiliate marketing with AI videos
Another innovative approach to generating revenue with Synthesia is by creating AI-generated videos optimized for affiliate marketing. Instead of relying solely on ad revenue from platforms like YouTube, you can leverage the power of Synthesia to craft engaging and informative videos. Within these videos, strategically embed affiliate links in the video descriptions.
By promoting products or services through these links, such as those available on e-commerce platforms like Amazon, you have the potential to earn commissions for every sale generated through your affiliate marketing efforts. This revenue stream diversifies your income sources and capitalizes on the popularity of video content in affiliate marketing.
Unlock the mesmerizing world of AI-generated artistry and unleash your creativity with a brushstroke of innovation by exploring our curated list of cutting-edge AI art tools.
3. Comparison and review videos
Synthesia can also be employed to produce valuable comparison and review videos, further expanding your potential revenue streams. For instance, you can create videos that compare two or more products or services within a specific niche, such as “MailChimp vs. SendinBlue” in the email marketing sector.
In these videos, you can provide insightful analysis and recommendations. To monetize this content, include affiliate links for all the products or services discussed in the video description. This approach allows you to earn commissions regardless of the viewer’s choice, as they might click on any of the provided affiliate links based on their preferences.
By delivering informative and unbiased comparisons, you can attract a dedicated audience interested in making informed purchasing decisions.
4. Targeted content creation
An effective strategy for generating revenue with Synthesia involves conducting thorough research to understand the specific queries and comparisons that people are actively searching for online.
Armed with this valuable insight, you can create Synthesia videos that directly address these queries or comparative analyses. Within these videos, strategically embed relevant affiliate links that align with the content’s focus.
Looking for alternatives to Synthesia? Explore our article on five AI video editors for quick and professional video editing solutions.

Navigating the right ways to invest in the services of Synthesia
Conclusion
Investing in Synthesia presents a unique opportunity to participate in the growth of the AI video industry. However, like any investment, it comes with its own set of risks. By conducting thorough due diligence and seeking professional advice, investors can make an informed decision.
AFFILIATE MARKETING
5+ High-Earning High-Ticket Affiliate Marketing Programs
Plus, How I earn full-time income on part-time hoursContinue reading on ILLUMINATION »
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AFFILIATE MARKETING
Best deals this week: Get up to 40% off brands like Xbox, Hydro Flask, KitchenAid

Friday, December 1, 2023 5:33PM

An image of Xbox, KitchenAid mixer, Hydro Flask and Airtag.
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As a participant in multiple affiliate marketing programs, Localish will earn a commission for certain purchases. See full disclaimer below*
Christmas is coming, and with that comes some great weekly sales for your holiday and Christmas gift shopping. Below, we’ve rounded up the five best deals you can shop for right now. Like all sales, the discounted rates mentioned below may go up at any time, so make sure to fill your carts up soon before they expire. Each deal is also vetted by our team of deal experts, so you know the products you’re buying are either top-rated, staff favorites or from a brand we trust.
Best deals of the week

Anker Soundcore 2 Portable Bluetooth Speaker
Highly affordable yet mightily powerful, the Anker Soundcore 2 will solve all of your speaker needs without breaking the bank.

KitchenAid Ultra Power Hand Mixer
One of the bestselling products during Amazon’s Black Friday week, the KitchenAid Ultra Power Hand Mixer is currently still on sale for all your baking and whisking needs.

This amazing value deal for the 4-pack AirTag is perfect for the family to keep track of all their belongings.

The Hydro Flask stainless steel is on sale for all your water needs throughout the holidays.

Xbox Series X – Diablo IV Bundle
The Xbox Series X Diablo IV Bundle is one of the bestselling Walmart items this past week, so get your bundle at its lowest price just in time for the holiday season.
By clicking on the featured links, visitors will leave Localish.com and be directed to third-party e-commerce sites that operate under different terms and privacy policies. Although we are sharing our personal opinions of these products with you, Localish is not endorsing these products. It has not performed product safety testing on any of these products, did not manufacture them, and is not selling, or distributing them and is not making any representations about the safety or caliber of these products. Prices and availability are subject to change from the date of publication.
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