Even with a lot of venture capital money flowing into the small business sector, it can still be challenging to find opportunities for investment that are both scalable and affordable initial investment. That is why most people don’t invest in large-scale businesses. However, for those who like a challenge and have some cash to spare, there are many business ideas out there that are both large-scale and affordable to get started with. Here are 5 simple but large-scale business ideas that will make you rich.
- The easiest way to become a millionaire – Airbnb
Airbnb is the easiest way to become a millionaire. We’re serious. In fact, they did a study a while back that showed that 80% of their hosts earn more than $100 in a month. That’s an extra $800 in your pocket. The average Airbnb host earns around $9,300 a year – or $833 a month. With Airbnb fees and taxes, that comes out to around $735 a month. That’s just over $100,000 a year with almost no effort at all. Plus, you get to stay in cool places for free. What’s not to love about that?
- Online education platforms
Education is another one of those industries that are always looking for new ways to expand. You have a lot of people who have to take online courses because they’re out of state other out of the country, as well as many more who are looking to expand their skill set as a second career. You can start an online course platform that partners with colleges and universities to give them an easy way to set up their own programs. You can also expand into offering to create custom coursework that companies can then use to train their employees. The best part about the online course industry is that the barriers to entry are very low. All you need to get started is a website where you can sell your course and a payment system. You don’t need to hire any employees, and you can set it up as a side project and make a lot of money. If you want to grow earlier than usual then robust advice is to learn how to make a Wikipedia page for an organization.
- Amazon FBA business
Amazon FBA stands for “fulfillment by Amazon.” It might sound boring, but it’s one of the best investments you could ever make. The way it works is you buy products, ship them to Amazon’s warehouses, and then they send them out to customers when they order them. The average product sells for around $100, and you can find wholesale suppliers online who can give you a great price. You then sell the products online through Amazon and other places like eBay. The best part is that you don’t have to hold any inventory and you don’t have to worry about shipping costs. Amazon takes care of that all for you! This is a great business because you don’t have to worry about anything going wrong. There’s almost no risk, and there’s almost no effort on your part. It’s the perfect way to get started with investing.
- Food Delivery Service
Getting people to leave their houses to go get food gets tricky in the winter. The summer and spring are the best times to start a food delivery service – but any time is good. You can partner with restaurants or food trucks in your town and give people an easy way to order food delivered. The most interesting thing is that you don’t even have to own a car. All you have to do is sign up to be a driver with Foodora, Uber Eats, or another service like that. You can start off with just a few deliveries a day and work your way up to more. You don’t need a large investment to get started. You can start with your own phone and a car if you want. You can also look into buying a food truck if you want to get even more customers.
- e-Commerce Platform
While an online course platform is a one-off sale, an e-commerce platform is ongoing. There are a ton of people selling things on platforms like Shopify and eBay, but there aren’t nearly as many people starting their own platforms. You can start your own e-commerce platform from scratch or you can buy an existing one. If you start from scratch, it will take years to get profitable. If you buy an existing platform, you can get started almost immediately since there’s no need to create a new product line or a new store. There are tons of e-commerce opportunities out there. You can start with something like a tee shirt store or a niche like crypto if you want something simple. If you want to go big, you can look into creating a storefront for Amazon products. You can do this through something like the Amazon FBA business we talked about earlier.