Any business can become a six-figure business.
You’ll make a lot of money if you do it right, no matter what business you start.
This may sound like a cliche, but if you can, just take a look at the “balance sheets” of some local companies around you. Now, let’s bet.
An above-average bakery, plumbing, or window cleaning business in your city performs well beyond six figures.
And if we look at the top in any field — whether it’s a restaurant, a bakery, or roof repair — they all earn more than $1 million a year.
Am I right?
If I’m wrong, send me a message, and I’ll buy you a coffee!
Before we move on to other more serious business ideas, I would like to show you some of them GPT sites that you can use to make money online in your spare time.
Free coins: Freecash is a new survey site where you can collect points by taking surveys, watching videos, and the like.
Survey Addict: Survey Junkie is my go-to place to make money online in my spare time. All you have to do is answer surveys to earn cash and gift cards.
Swagbox: Swagbucks is another very popular rewards platform. Earn money by taking surveys, watching videos, and more.
Incoming mail in dollars: InboxDollars is a sister site to Swagbucks and lets you earn by uploading receipts, completing shopping offers, and watching videos. It also has cash surveys, games, and a $5 sign-up bonus for new members.
Branded Surveys: Branded Surveys is an app like Survey Junkie. Share your opinion to earn free gift cards and PayPal money! Share your opinion to earn free gift cards and PayPal money!
Kashi: Cashyy is an Android game rewards app that lets you earn PayPal money and a variety of gift cards for downloading and playing new mobile games. You get paid to download and play mobile games. The more games you download and the longer you play, the more you earn.
Cash Solitaire: Solitaire Cash is an iOS and Samsung game that lets you play Solitaire for money. The app allows you to compete in cash tournaments against other players with similar skill levels. Tournament games cost money to enter and pay anywhere from $1 to $55.
1. Consulting services
If you are knowledgeable in a specific field, such as finance, management, or technology, you can start a consulting business. Businesses are always looking for experts who can help them do better, such as making their operations smoother or solving difficult problems.
As a consultant, you can charge a good amount for your advice, especially if you have a strong background and can show that your advice actually works.
2. Become a YouTuber
Watching big YouTubers like Mr.Beast really shows how powerful YouTube is. It’s a business that can actually earn you over $100,000.
If you start a YouTube channel, you’ll create vlogs or videos about things you love or are good at. Say you like games. You can share your gameplay videos and let people see how good you are at them.
Or, if you’re skilled at something like playing the guitar, you can create videos to teach others how to play.
Typically, YouTubers earn between $0.25 to $4 per 1,000 views of their videos. How much they earn also depends on things like the geographical location of your audience, how engaged they are, etc…
Sure, launching your YouTube channel can be difficult at first. But once you start getting more followers, it can really pay off.
3. Blogging
You’re reading the Six Figure blog, where we realize that blogging today is what print used to be.
As a blogger, your goal is to create interesting things for people to read and get them to visit your site. If you want to start a blog, think about what you want to focus on. Sticking to one topic at the beginning helps you manage the quality of your content, making it easier to attract dedicated readers and create a reliable source of income.
Blogging is a bit like YouTube in how you make money. The more people visit your site, the more views you get. The more views you get, the more your earnings will start to grow. Once you reach a decent number of page views, you will see that your income really starts to rise.
Please note that blogging is not a quick or easy way to make money. It takes a lot of time and effort to make any significant profits.
4. Vending machines
To make around $100,000 a year, you probably need about five machines. But here’s the thing: finding a great place to put them is the hardest part. Maintenance is not as difficult as you might think, but you have to be careful of vandalism.
People usually turn to fast food and familiar brands, so if you stock your devices with these things, you are on the right track.
If you can place your machines in decent locations (not even the best, just good ones), you can see them generate about $300 in profit and net about $240 each. So, if you’ve invested in a $2,000 machine, you’re looking to break even in about 8 to 9 months.
But keep in mind that sales can decline in the winter. People don’t hang around as much when it’s cold, so expect perhaps half your usual income in those months, or even less if it’s a snowy area. I don’t have snow where I am, but it’s still slower.
As for machines in average locations, their gross profits may be around $100 and net profits of $70. It’s all about the location and what you’re selling.
Don’t miss: Start a vending machine business for passive income
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5. Dropshipping
I tried it myself, I spent $1500 and only got $25 back. Like I said before, you will make money if you are good at what you do.
I don’t know how to work with Facebook ads, so my campaigns cost me a fortune, and the returns were almost zero.
Dropshipping is about helping businesses reach new customers on different platforms.
You act as an intermediary. When someone buys a product from your online store, you order it from the supplier and use the customer’s shipping details. This way, the supplier handles the shipping, not you.
With dropshipping, you can run an online store without having to stock products. You can make profit by connecting businesses with new customers, which benefits everyone involved
6. Freelance writing
Freelance writing can be more profitable than you think. For example, Tom Blake of This Online World made $100,000 by writing for others.
The trick is that you don’t charge just for writing. What you’re really getting is all the knowledge and experience you’ve gained over the years about your subject. Here lies the real value.
7. Sell courses online
If you sell an online course for $500, you only need 20 customers each month to make $10,000. Just like with freelance writing, you need deep knowledge or experience that you can sell.
Good marketing skills are important for building a following. You need to become an influencer, someone who can sell effectively to their followers.
8. Affiliate marketing
Affiliate marketing is pretty straightforward: you promote a brand’s products and get people to click on product links. When someone buys something through your link, or sometimes just clicks on it, you get paid.
To get started, you need to contact a company that sells online. If they agree to work with you, they will give you a custom code.
You can use this code when promoting their products, so they know the sales came from you. Then, when someone buys using your code, you make money.
9. Plumbing company
Here is a business story from my city that might work in any other city.
There is a plumbing company here that has over 40 plumbing related domain names. They have already perfected their online marketing strategy, dominating the first page of Google with ads and organic search results.
Given their strong online presence, it’s hard to imagine them making less than seven figures.
10. Selling on Amazon
Some people, like our friend Corey Stout, make millions on Amazon, but most don’t. Assuming your gross margin is 10%, you would need to sell $100,000 worth of items at any given time at an Amazon fulfillment center to reach six figures.
If the shipping time to an Amazon warehouse is 15 days, you’ll need two months’ worth of inventory, which works out to $200,000. These are the details that many experts selling courses on how to succeed on Amazon often ignore.
11. Electrician
Starting a small electrical business can certainly earn you $100,000 or more per year.
As an electrician running your own business, you have the opportunity to serve a wide range of clients, from homeowners in need of repairs to businesses that require complex electrical installations.
12. ATM business
Similar to vending machines, this business can be very profitable with relatively low maintenance, although securing prime locations is more difficult. To run a successful ATM business, you need high-traffic sites.
To obtain these prime locations, you will need either a large sum of money to buy existing places or good connections to acquire new places. The best locations are usually those with a constant flow of people, such as shopping malls, busy street corners, or warehouses with a lot of workers.
The initial investment can be large, but the potential for a steady income exists, especially in areas where access to cash is in high demand.
13. Application development
App development is a field with huge earning potential. You can create mobile applications, either for customers or for your own product.
Success depends on user demand and effective monetization. Whether it’s a game, a productivity tool, or a lifestyle app, if your app meets a specific need or appeals to users’ interests, it can be very profitable.
14. Real estate investment
Real estate investing involves buying, renovating, selling or renting real estate.
It requires knowledge of the market and some initial capital, but can deliver great returns. Success in real estate often comes from understanding local market trends and managing properties efficiently.
15. Information technology and cybersecurity services
Businesses are increasingly reliant on technology, making IT and cybersecurity services essential. This area includes ensuring that companies’ technology infrastructure is secure and efficient.
With cyber threats on the rise, providing robust cybersecurity solutions can pay big dividends. Profits come from ongoing support contracts and emergency services.
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