Three Online Businesses to Make One Million Dollars


1. Write and Sell Books

If you love writing, and often write for fun; then you are more likely to execute this business. The content you generated or are generating can be monetized. Remember that high quality content and marketing skill is enough to raise one million dollars.

In order to get rich using this way, you must first be willing to write books. One single book may not be enough. And since, you never know which of your books will make you a millionaire; you should keep writing. By writing several books, one million dollars can be raised even if no single book is doing so.

You must, of course, know how to prepare and publish books. Fortunately, today there are platforms that let you self-publish your books. So you don’t need to struggle to find a publisher.

Further, a best-written book is not necessarily best-selling book. I think marketing is the key to the success. If you can run this business systematically, with a plan; then your dream no longer would remain a dream.

2. Create Games

One of my two favourite business activities in this list is creating and selling games. If you are an app developer, you can focus on games in particular. However, even a non-game app may generate millions of dollars; I think games are one of the app-categories with most demand. And here again marketing is the key. Your game on the store will not be sold automatically.

The growth in the number of mobile app users is creating opportunities for mobile app developers. This is one business that does not require you invest huge amount of capital. As long as you have the necessary skill, you can run it alone. So it would not be a problem, if you are not a team.

Finally here I want to mention that a normal person may have insufficient budget for this business. But there are ways you can make millions even without such large budget. There is a number of models for mobile game business, and the model determines the budget. One can choose the model based on the budget also. Thus choosing an appropriate business model, and reinvesting the profit; you must be able to achieve your goal.

3. Trade Crypto

This is my second favourite method. All of us know how profitable crypto trading could be if done right way. If you want to make one million dollars by trading crypto, you must spend a significant amount of your time in study and research.

The crypto trader should have a sound knowledge of crypto-exchange in particular and financial market in general. Being a successful trader also requires a sufficient mastery of technical analysis. Remember that trading crypto is simple; you just need to press buy and sell buttons, but it is not easy as you must press them at the right time.

The trader may also consider learning computer programming, because otherwise you rely on third-part software to test your strategy and for algorithmic trading. With programming skill, you would have the freedom of imagining anything and implementing it regardless of the complexity.

By the way, these are the businesses that not only you will be generating millions but also get smarter and learn new skills.

Leave a Comment