The Internet literally changed the modern business landscape. Today, it is easy to start a business and market it online. You do not have to spend a lot of money on traditional advertising, and you do not even need to have a huge startup capital to start a business. iAdvance Now shares 5 new business ideas that will bring you fortune.
Real Estate Rental Business
Yes, the real estate business may be old, but how you make a fortune out of it keeps changing. With websites like Airbnb, you can look at real estate business in a new light. Today, a lot of property owners are utilizing the services of Airbnb to make a fortune and you can too.
If you rent out an apartment for long-term lease, you collect a steady stream of income regularly. However, long-term lease income is relatively low compared to renting it for short-term use to transients using Airbnb. In fact, some property owners can get the amount of a month’s rent in just 2-5 days short-term stays with Airbnb.
White Label Marketing
White label marketing is a process of rebranding unbranded products and selling them online of through brick and mortar stores. You do not have to come up with a new product idea. Simply do your research and determine what products most people are buying online.
To make a fortune out of this, determine a highly sellable product, find a private label manufacturer and have them rebrand the product. You can sell these rebranded products through Amazon, eBay, or your own website for profit.
Online Training Courses
If you have an expertise, e.g. guitar playing, speaking a foreign language, marketing, etc., you can earn money by creating a training course and selling it online. A training course allows you to record training sessions once and sell them multiple times through the Internet. In fact, even teenagers have become rich simply by selling gaming tutorials online.
Food Trucks
The mobile food business is lucrative. People love to eat on a daily basis and there is a ton of food ideas that have not yet been converted into business. This may be one of the most capital intensive business ideas in this article, but it really makes a lot of revenue as long as you choose the right food, the right time, and the right locations to serve the food to.
Online Retail
Gone are the days when people have to go to malls to buy products. Today, consumers can easily find products they need online. If you want to go into retail business, but do not have enough capital to start your own shop, consider going online. Find a supplier for a profitable product, buy inventory, and sell them through your own website.
Bottom Line
The five business ideas above can definitely make you a fortune. If you want to consider borrowing money to grow your business, iAdvance Now offers business financing. Visit iAdvance Now website to learn more.