Top Business Ideas for Budding Entrepreneurs that Pay Big
The current economic pressure is pushing people to look for extra stream of income. Real entrepreneurs want to grind and do something they’re passionate about.
Assuming you have that entrepreneurial spirit, finding the right idea that can make you money in StartMyLLC is not easy. Statistics indicate that 50% of start-ups fail within the first 36 months. However, this shouldn’t scare you at all. You’ll make it big if you have the right idea and apply yourself.
Capital was a hindrance to start a business some years back. Fortunately, you can now start a great business and make money without spending a fortune.
Below, there is a list of business ideas for budding entrepreneurs that pay big. Some of the ideas require no capital but just a stable internet connection while others require some skilled training and licensing.
1. Accounting Services
Are you good with numbers and would love working from the comfort of home? Whether you’re a certified public accountant or not, you can offer accounting services as long as you’re great with numbers. You can easily access free payments and invoicing tools online. Some key services you can offer include:
- Creating financial reports
- Creating balance sheets
- Providing income statements
2. Become a Social media Consultant
One great idea you can implement with little investment is a social media management company. Social media has experienced astronomical growth since its inception. This has created channels where companies, no matter the size, want to participate and enhance their online presence.
You’ve to know how each platform works and how to leverage that. Do some research on companies that don’t have a page set-up or have irregular posting. Research their competitors and come up with a proposal on what they’re missing and exactly how you’ll provide solutions to them.
Check out those courses offered by Twitter and Google and learn as much as possible. Social media consultancy business has unlimited potential, and you can have a client base across the globe.
Look for social media management tools online to make things easier.
3. Tax Consultant Services
If there’s something that disturbs most businesses is a tax issue. No company want to be on the wrong side of the law.
Every company, whether big or small, will pay good money to have their taxes prepared. It allows them to focus on their core business. This kind of business would require you to have some experience and training. You can start as a freelancer consultant and then launch a tax preparation franchise where you can offer courses and also get booked for seminars and training.
4. Currency Trading
Currency trading is now easy to start, thanks to technology and availability of trading tools. Today, there are quite a number of good online courses and tutorial videos that offer step by step guides to becoming a successful trader. All you need to get started is:
- Internet connection
- Some starting capital
- Analytical skills
Have a global-view and learn more about trading.
5. Create and Sell Digital Courses
In one way or another, every human is good at something, whether in particular sport, skills or subject. Certainly, if you’re an expert in something, you’ll find people eager to learn from you and are willing to pay for you to teach them.
You’ve to think through when creating a course. Create something unique that offers real value. Remember that when the value is taken care of, price is not a factor.
E-Learning is the future. The industry has experienced exponential growth and is poised to hit $325 Billion by 2025. It’s time to take a slice of the pie.
Selling a digital course is a great source of passive income. You only need to create it once, and then it sells to perpetuity.
So, how do you get started? You can select a course creation platform online. Think of tools like Thinkific or Teachable.
6. Vlogging
Are you passionate about a specific subject or an expert in a particular field? If you are good at something, why not share it through a vlog.
What do you need to start this? You need a computer with a stable internet connection and a good camera. Find companies that can pay you to review their products or buy advertisements space.
Wrapping Up
It may seem daunting to start your entrepreneurship journey, but by doing so, you’ll have the satisfaction of doing something you’re passionate about and get paid.
Technology and the internet have made things easier for budding entrepreneurs to learn more skills and make more money.
