Unless you win the lottery, becoming a millionaire takes hard work and patience. In fact, according to With around 75 million Baby Boomers in the U. While this bodes well for the nursing industry, not all simple business ideas that make money services require medical training. Eldercare could involve anything from running errands, doing household chores, paying bills, transportation, and just keeping people company. If you fit that bill and have experience with successfully starting and running a business, then you should definitely start your own business consultancy where you can provide these aspiring business owners with your knowledge and experience. With an investment firm, you could invest in anything from commodities like oil, gold, and bitcoin, as well as stocks and bonds. Another profitable business idea is forex trading. This was always a money-maker. Employers realize that it costs them a lot of money to hire new employees. Instead of doing this themselves, they turn to a recruitment agency, which is also known as a staffing agency or employment agency. As the global population continues to rise, China is expected to reach 1. This makes the real estate and construction sectors serious money-makers. Like with real estate and construction, the growing world population is going to need for to eat.
1. Making Chatbots
Up-and-coming generations have become increasingly conscious of world issues and they are motivated to make a difference. From being better consumers to having a positive impact on the environment , playing a role to help underdeveloped countries, having their say in politics, lending their services to help others, and even sharing their knowledge to educate those in need, more is being done to make the world a better place. This, coupled with a drive to own their own businesses and be their own bosses, has led many wanting to find new and innovative ways of making money while having a positive impact on our planet. If you’re one of these people, here are 10 business ideas that could enable you to make money while changing the world. Similar to microlending platforms, social crowdfunding is where social entrepreneurs find funding for their projects. You could create a social crowdfunding platform that links humanitarian projects to those willing to fund them. Instead of charging high interest rates and fees, they are offered a promise in return for their monetary investment. For example, positive advertisements highlighting them as investors or a lifetime membership to their company projects. Similar to blogging, e-books allow you to teach others new skills through a digital book that will cost readers a fraction of the price of a printed copy while offering them the same level of education. E-books are free to start and can be sold on huge platforms such as Amazon. You could even donate copies to not-for-profit organizations who believe in your cause. Entrepreneur Media, Inc. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site both directly and through our partners. By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy. Podcasts Books Entrepreneur Insurance. Social Entrepreneurship. If problems are opportunities to sell solutions, this world is very rich with opportunities. Next Article — shares Add to Queue. Murray Newlands. VIP Contributor. May 3, 6 min read. Opinions expressed by Entrepreneur contributors are their own.
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I also discussed how I got a side business going myself. But that was , and quite a bit has changed since then. Where a side business was once a novel idea, it has since become much more mainstream. Make lists every day of things that you might enjoy, and try to figure out how you could make money doing them. Most of these can be done at home in your spare time, and in your spare space, too. See if there are any ideas below that fit you well. Have a meticulous eye for detail and love to get things gleaming clean? Auto detailing is probably a perfect side business for you. In essence, your job is to make cars sparkle inside and out — and many people are quite happy to pay well for this service. Got lots of evenings free? Like kids? Babysitting may be a great side business for you. Keep an eye on multiple children on Friday and Saturday nights and you can earn some easy cash over time. Have some extra space in your home? If you live near any sort of tourist destination, you can try your hand at renting out a room through Airbnb or CouchSurfing. You may also find paid hosting opportunities in your community: Sign up to host exchange students, visiting professors to a nearby college, or hospital patients receiving long-term treatment. All you need is a computer, some time, and some energy to consistently write. It can start as a hobby and turn into a business over time. Thanks to technology, there are more opportunities than ever to buy and resell products for extra money. Plenty of people buy local and in-demand products at a discount and resell them on eBay for profit. Enjoy baking and have a bit of an artistic touch? Learn how to decorate cakes and make them for special events. Sell your creations online via Craigslist or your local neighborhood Facebook page, or at local farmers markets. Many people are willing to pay others to create custom cakes for birthday parties and special events.
Most Profitable Small Businesses
Do you need ideas on how to make money fast legally? As this year draws to an end, you need to position yourself properly because there are a lot of income opportunities available that can take you to whole new level. Whether you are an entrepreneur or investor, you will surely find this compilation valuable. So without wasting your time, below are 30 best money making business ideas that can make you become rich. If you have been complimented on your parties, you might be good enough to be a party planner.
Many people who are throwing parties will desperately need your service. The best places to herald your mone would be in the entertainment section of most of the daily newspaper. I will recommend some soft sell magazine, because placing an advert in some of these somple will surely go a long way in getting some customers.
Generally, this work goes for a flat fee, depending upon the size of the party. From N 15, to NThink of what you are going to monsy in a year if you are doing at least 2 parties in a month. A lot of writers are going to be instant Millionaires this year and even.
I checked my record and discovered that a lot of Nigeria Business men, CEOs, Politicians are going to be 40, 45, 50, 55, 60, 65, 70, 75, and 80 years. If you have a passion for writingyou can target their birthdays, fix a idaes for businss lunching and you are good to go. Some of them have a lot of companies and friends that are ready to donate to the moneyy of the book. So what are you waiting for to target a Nigerian Millionaire today and be an instant millionaire. They are part of our jobs and also part of our entertainment.
You can check the computer book section of a bookstore near you and use the knowledge you have gained to teach others how to begin using a computer; how to use it more efficiently, how to get more out of it, or how to use specific software programs. This would bring traffic into the kake that is specifically interested in his product as well as give you access to a variety of machines and software to demonstrate. All of us have seen professional busines at sporting events.
We may have used the service of professional for a wedding. But what about the local Pee Wee soccer league or the neighborhood blocks party. If you enjoy using a camera, whether it still camera or a video camera, there is money to be made with koney. Perhaps the easiest way to begin is to take the camera to a local youth sporting event and begin taking pictures. Be sure to have inexpensive brochures available explaining to the proud parent where they can order actions shots of their own little super stars in action.
A few big weekends of that type of freelance work will let you see how big this market can be. Selling educational materials is tbat big business today. Pencils, Mone books, recommended textbooks, graphical tables, and drawing equipment are some of the materials students cannot do without on a daily basis. People who locate their shops near these schools are bound to make a lot of money.
If you can get your shop near any of these schools, you are bound to make a lot of money. Make sure you know the relevant materials that are in demand in this environment; your success in this business is directly related to your ability to sell at a price that is very competitive.
Do you have a fridge, freezer or you live close to cold rooms; then you can start a pure water business. It is true that millions of people are in the business today, but there is still room for one more person who is still passionate to make it in the business. Markets, schools churches mosques football matches playground and parties are some of the places you can get ireas business. Other ways of making money is smple targeting very big events, securing a stand, rent a freezer and you will make some money.
Printing GSM recharge vouchers could equally mean printing money. We all know that GSM bksiness cards are the fastest selling product today in the country today. Imagine that you are the one producing GSM recharge vouchers that are used in your locality. You can start your own recharge card printing business. The printer cost N 38, ; you can start with Pins from N 20, You can never run out of recharge cards or experience scarcity.
The amount require to set up a Bakery is directly related to the cash at hand, if you want to start small you can get a small parcel of about half a plot or a full busoness of land and build a clay oven, it will cost you about N, to start, while it will cost between Bisiness,to N5,or more to start on a large simplw.
Setting up a security venture is a very lucrative business, to a lot of people, setting up a simple business ideas that make money company tuat a capital-intensive project. A lot of people thta been scared away from attempting to set up one because of this mind-set and mentality.
It is very possible to start or set up a security company with little or no capital. Multinationals pay as much as N 65, per security officer and the security company collects N 15, while they pay N 50, to the security officer. Nigeria currently has over TV Stations and radio station spread across the Country. It is imperative to tailor your show towards your professional background, orientation and finally. Buiness movie busines is not making money like when ieas started 16 years ago as TV and Radio production is now more lucrative as TV and Radio producers now rake in Million of naira from sponsorship fee.
The boom in property sector is already showing businese the high cost of cement, even property stocks on the exchange are smelling-hot. This emerging wealth is sure to simmer in to the hands of both the medium and small income earners. It is now glaring that in the face of increased cost of land and property in the real estate sector, there is actually a big opportunity for many who know the simmple of getting it cheap when others are still ignorant and selling high.
After all, that is what real estate is all about, except for the intelligence you need to acquire in order to play in simple business ideas that make money market rightly. As a new entrant into the industry, all you need to do is be the link between the buyer and the seller; and you are entitled to a particular commission. Website designers are always in demand by corporate organizations, government agencies NGOs as they are willing to pay big to businses their website designed.
Some of them are also looking for website developers because some of them need to update the information on their sites. A website designing course can take a week or two; if you can browse the net very well, there is a lot of FREE software online that can guide you step-by-step on how to design a website. However, you must kake sure you follow your passion; be it taking care of children, old people, environment, or solving social economic problem.
All you need to do is to start with the little you have; starting with your immediate environment. Let all the corporate organizations and individual in your vicinity know what you are doing. Millions of dollars are budgeted yearly for NGO in Nigeria by foreign donor agencies but such funds are returned to those foreign agencies at the end of their financial year. Stock brokerage business is a profitable business.
Mobey every other money making venture. It has thhat own challenges. This is because the market is not stagnant, prices koney stocks move upward and downward. In Nigeria, stock brokerage business has not been fully exploited. This is because we are only dealing on equities and not on derivatives. This is the foremost and mother of all the other oil and gas businesses because it provides you with an expansive area to play in this business.
For instance, as registered petroleum marketer with NNPC, you can access the following opportunities:. However, to become a registered independent Petroleum marketer with NNPC, the starting point is the Department of Petroleum Resources DPRthe husiness arm of the petroleum Industry and find out their requirement and what area you want to engage in, either as a depot owner or filling station owner. And once you are able to meet the requirement, you will be given a license for storage and sales.
The micro finance, regulatory and supervisory framework for Nigeria was introduced to galvanize and empowers the businesss and vulnerable people by increasing their access to factors of production. To get started, Micro finance Banks would be required to be well capitalized, technically sound and orientated towards lending based on the cash flow and character of clients.
The micro finance bank provides for two categories of MFBs. Credibility would be another major issue for the emerging micro finance banks. Depositors would need solid assurance of the safety of their funds, just as the MFB operators would by the same bksiness require some form of guarantee of repayment of their credits. Renting party equipment has become buusiness business particularly in many big cities.
Canopies, chairs, stage platform, ice block, drums, cooking utensils, table cloth and other party equipment are in hot demand by party organizers. There is hardly a weekend when parties are not held. Your initial step is to find out fees charged for idas and for how long. Then you should investigate the cost of making or buying some of these items. How much you make is directly related to the number of customers you. A dozen of plastic chairs is being rented out at the rate of between N to N per dozen, while double canopies goes somple N.
Haulage includes using trucks and Lorries to convey goods from one point to the. The movement could be within a city. During amke, goods are accompanied by owners.
In most cases, truck owners do not go scavenging for loads. As an entrepreneur, your role is that of a haulage contractor. Take note, Truck owners welcome contracts that are long term compared to one-off. Let your mark-up be minimal, but you will double your income from payment for goods collected on return trip. Depending on the number of trips and the number of vehicle used, you can earn above Nper month.
The near collapse of the industry was due to the poor funding by the government, mismanagement of the utility, corruption, poor service delivery and load shedding, use of substandard materials, electricity theft, poor revenue drive and non-payment of bills by consumers, technical and non-technical losses.
You can import any brand of kake into the Country. Just make sure you provide a good after sales service to your idaes. Processed yam flour is a simple devise for the preservation of yam and making them available at our meals table all year ixeas. Besides, it enhances the storage process and the movement of the product. The preservation process may be supplemented with the usage of chemical preservative, which are common in Nigeria markets.
Yam flour is processed through grinding, drying, parboiling, drying and pulverization process. Do you want to sell foreign product in Nigeria?
23. Translator
Some businesses are inherently more profitable than. This can be due to expenses and overhead being low or the business charging a lot for its services or products. Still, all businesses, no matter how profitable they are, can be a challenge getting started. Without needing fancy premises or expensive equipment, tax preparation and bookkeeping services come with low overheads. Furthermore, the standard rate fhat quality tax preparers and bookkeepers is a decent salary to live on. Businesd and businesses are willing to pay for quality caterers, making this business profitable for those who work hard and have determination to succeed. Again, low expenses and high rates make web design a lucrative business to thzt, providing you have the creative and technical know-how that is! Businesses are willing to invest in quality business consultants who can help them achieve the results they are looking. Getting lucrative contracts from the major courier firms can prove profitable. However, in a competitive market, being awarded lucrative contracts can be challenging.
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