Normally, market research always comes first. Does your hungry crowd or thirsty tribe already know what it wants? Have you asked, queried, interrogated your target group and defined an individual avatar to write to and to message by video? Million dollar business ideas exist in abundance. They await your unique question: “what can I do to deliver the greatest amount of VALUE to the greatest number of lives?”
So let’s get started defining and explaining our 7 best million dollar business ideas for 2021 to 2030:
1. Subscription Model or Membership Site
The famous billionaire Bill Gates, who founded Microsoft, used the subscription model for customers running Windows OS software, and wanting to purchase the Microsoft Office suite. This typically means that you pay an annual charge for Office. It is also called ‘recurring billing’ and ‘continuity.’ Charges might also be on a monthly basis for a hobby site or a special interest Website.
You could operate a ‘membership site.’ People who are keenly interested in a subject are quite willing to pay, say $17, $29.95 or $37 monthly to belong and get access to a vault of valuable information. New posts can be ‘drip fed’ into the system and offers made to members for products and/or services that are highly relevant and useful. Examples of membership sites might be weight loss, type 2 diabetes group, weight-lifting, fitness, dog lovers, marketing tips, dating and relationships, drone pilots, sports interests, etc., etc.
Trust building comes first. You might supply a lot of gifts, e-Books, software, training videos and useful tips on the subject via a mailing list and regular newsletter. Later on in the process you could intersperse a few affiliate offers from a source such as the Clickbank marketplace.
The membership site would need to be promoted. You could use a combination of paid advertising and social media pages and groups. Be highly responsive to all questions you will be asked on Facebook, Twitter, Instagram, YouTube and Linked-In. Note: a YouTube channel can be highly effective for spreading the word about your hot membership site. Grow your YouTube channel by all means possible, to make it go viral. 🙂 🙂 Daily video posts are the best way to do this, to stay ‘top of mind.’ These ways of connecting with your tribe of followers are red-hot million dollar business ideas in the digital Age …
2. Online Education & Training
You’ll be surprised how much dissatisfaction there is now with student loans and debt. The ivy league universities might just be pricing themselves out of business. Are they ripe for disruption? The COVID-19 pandemic scare is another reason why people have decided to stay home and do their learning on The Internet. This very Website is my response to the pressing need globally for more online courses. This is a truly vast and insatiable market. You could run online courses in a subject that you are qualified in, and highly passionate about!
Don’t claim to be a college or a university. Be careful with the word ‘accredited’ or ‘accreditation.’ DO be supremely practical. Share what works now online in 2021. Project that forward to about 2025 or 2030. Study trends and read ravenously about changes and developments in online technology and digital marketing. 🙂 🙂
3. Consultancy Firm B2B
Business to business supplies and services is a lucrative and reliable area to work in. Budgets can be very large and orders consistent. For example, professional offices, medical centers, and corporations require advisory and consulting services. Advertising, marketing and copywriting skill sets are often not retained within the sphere of the medium to large business enterprise, but they are sorely needed. Financial services, IT consulting and implementation, health and safety are all areas that you could study and get qualified in. The demand is always there, and you can charge whatever you want (or what the market will bear). These facts underlie some outstandingly successful million dollar business ideas. Believe in yourself and implement these ideas.
4. Independent Affiliate Marketer
You might be surprised that I have included the independent Web marketer? Internet based affiliate marketing has created thousands of millionaires. I recommend one high quality system that pays you for the lifetime of the customer: Entre Institute …
Another entry point to this million dollar business idea implementation is via Jeff Lerner’s gift e-Book: The Millionaire Shortcut. Please find the book below and click to download your free copy immediately. Remember, you’ve read this far. You’re serious about your online business and eager to make a start earning money on The Internet.
The Millionaire Shortcut e-Book explains why the number of people becoming millionaires each year is increasing rapidly. The reason I’m giving you this advanced information? I want you and your family to quickly benefit from the tsunami that is the Digital Revolution in how business will be conducted online in the future. This book is your best shot at understanding it.
5. Health & Wellness incl Fitness
Any variety or combination of dietary supplements, balanced amino acids, yoga, meditation and physical fitness, seems to be in huge demand in the 2020s. People throughout the World have become acutely aware of the need to get fit and healthy. And to maintain their wellness.
This is no exaggeration. Gyms and fitness centers are booming in the United States. Products for supplying micronutrients, better immunity and higher energy are simply flying off the shelves!
Perhaps the global pandemic has focused attention even more on these areas of health and fitness. Spa, beauty, massage, yoga and meditation, not to forget acupuncture and hypnotherapy, are all popular services that you could operate a center for. You would become inundated with phone calls, inquiries, requests and questions about specific services rather rapidly. This is a long wave trend that is happening right now in the USA and right around the World.
6. Instant Foods & Food Delivery Services
Note the recent foray of Uber into Uber Eats. People are essentially lazy about cooking and preparing their own meals. They want time freedom. They’re willing to open the wallet and swish and wave the plastic card generously, in order to stop the starving feeling, and quench the thirst.
A local, mobile food truck, caravan or trailer is a very viable business idea. Over-deliver with taste, using good recipes and quality ingredients and you’ve got customers for life. Remember that. Give a little more. Go the extra mile. Don’t start off mean and measly. They’ll run after the first taste!
The coronavirus has impacted restaurants perhaps worst of all, along with international air travel. Yes, there’s a massive demand out there for good quality, fast foods! Believe me. Study the local laws and practices first. 🙂 🙂
7. Poultry or Fish Farming
This is quite a surprise suggestion for a million dollar business idea? Well, some are predicting massive food shortages globally in 2021. That’s precisely why I have included it. Protein will always be in demand, as the body needs its amino acids as building blocks.
You could go into partnership with a land owner. An existing farmer might be interested in creating an additional stream of income. Prepare your legal agreement well in that case, to protect your financial equity.
I trust you’ve enjoyed reading about my 7 top million dollar business ideas for 2021 and beyond. Also see my exponential copywriting for business course. Why? Because you’ll need that skill set. It makes ‘the difference.’
Geoff Dodd, Editor, Business School Online Courses, NZ
