Millionaires don’t grow on trees. However, with all the lucrative online businesses coming out of the woodwork, people are making more money than ever from these unique opportunities.
Thanks to the internet, it has opened the market to a host of demands and needs from all over the world. As a result, it gave more chances for people to provide solutions to those people.
In fact, the online world has produced jobs and professions that you wouldn’t think would exist a decade ago. However, these jobs have laid the foundation for people looking for a shot to make money from the most profitable internet businesses.
In this post, find out the lucrative online businesses that have ushered a generation of millionaires. These top online businesses have a low barrier to entry, which means anybody is open to doing them!
Three proven lucrative online businesses that you could try
1. Drop shipping
If you have always wanted to own an online shop but don’t know where to get the products from, then drop shipping is for you. Arguably one of the most profitable businesses online, drop shipping allows you to act as a middleman between the buyer and the supplier. You need to set up an e-commerce website and promote it properly to reach your target audience. If done correctly, you will generate lots of sales from people about the products.
The key to generating lots of profit from drop shipping is to find a highly targeted niche and a supplier selling his products on the cheap. There are lots of other strategies to consider in drop shipping so make sure that you do your research before committing to this business.
Lots of people are making lots of money from drop shipping. In particular, Trevor Chapman flipped his $200 into $1 million in 92 days by selling kevlar pants.
2. Online Poker
For some, poker is for fun. Others, however, take poker to a whole new level. The excitement that comes from striking the balance between logic and luck is what encouraged people to turn this game into an online profession.
While you don’t get to read people the old-fashioned way on a poker table, online poker tournaments nonetheless offers the same excitement that you enjoyed from the game. You can play on your desktop or mobile app for players on the go. The great thing about online poker is that you get to compete with players from all over the world. The more player, the bigger the pot, the great the excitement!
As mentioned, there is a low barrier to entry for these top online businesses. In fact, a uni dropout by the name of Charlie Carrel dropped out of college despite having scored good grades to pursue his passion for poker. After depositing £10 in 2014, Carrel was able to rake in £1.5 million in total earnings two years after.
3. App developer
Mobile apps are in vogue nowadays. They help improve your lives by making you more productive than ever before. Gaming apps, on the other hand, offer the same kind of thrill and value usually reserved for console gaming. If you have the skills to produce an app that people can’t get enough of, then you will earn millions whether you like it or not.
Take a cue from Dong Nguyen, the creator of Flappy Bird. Released in 2013, the game took the world by storm. Despite its simple gameplay, its addictive nature made it ones of the most downloaded apps during the time. It reached a point that Nguyen was earning $50k a day from in-game advertising during the height of its popularity.
While Nguyen discontinued the game, the example shows the profitability of app development. Making an app that will reach the same level that Flappy Birds might be next to impossible, but with right knowledge and tools for creating an app, you have a puncher’s chance to create something that’s as successful.
Do these lucrative online businesses interest you?
The potential earning you could net if you pull off any of these lucrative online businesses successful is huge. For that reason only, it would be foolish for you to find another business that will help you generate as much profit.
Granted, the most profitable online businesses mentioned above proves to be different compared to the usual jobs that you’re used to. However, if you don’t adapt to the changes, you will get left behind. Therefore, trying your hand at any of the business opportunities above should help you bring closer to earning a million dollars.