These are the best businesses you can start in 2024 especially if you want to make your first $100,000 with the help of AI and the internet.
There are ordinary people turning their lives around and making millions of dollars. Unfortunately, this golden opportunity will not be here forever.
Those who take advantage of it will become a part of the 1% and live an incredible life, while those who miss this opportunity will likely be a part of the 99%, working a job and living paycheck to paycheck.
If you feel like you’re truly meant for more in life and want to reach financial freedom, then this article is for you. It’s going to give you the exact blueprint you need to start your first successful business.
1. Becoming a Content Creator
Becoming a content creator is one of the simplest ways to make thousands of dollars a month, and literally, anyone can do it from the comfort of their own home.
It involves posting on social media and making a living from it. It’s beginner-friendly, and you can choose a niche you’re interested in.
The key is to start with short-form videos on platforms like TikTok, Instagram, and Pinterest. Being a content creator is ranked first among the five businesses because it’s extremely beginner-friendly, requires no initial investment, and allows you to share your passion with the world.
2. Selling Products on Amazon
Selling products on Amazon, especially digital products using platforms like Amazon KDP, is another viable business. While it’s simple to create and upload books, the competition is high, making it challenging for beginners to scale. This business is ranked fourth due to its simplicity but high competitiveness, making it difficult for beginners to succeed.
3. Branded Shopify Drop Shipping
Shopify drop shipping involves creating a custom website and adding products from a supplier. The supplier handles shipping, and your role is to promote products on social media.
This business is ranked third as it’s a great business for beginners but requires some upfront investment. Long-term success involves focusing on selling one quality product rather than constantly changing products.
4. Pinterest Affiliate Marketing
Affiliate marketing, especially on Pinterest, is a lucrative business that doesn’t require showing your face. By promoting products or services with unique affiliate links, you can earn commissions.
It’s ranked first along with being a content creator due to its beginner-friendly nature, scalability, and the ability to generate consistent income long-term without any initial investment.
5. Buying Rental Properties
Owning rental properties can be a profitable venture, but it’s challenging for beginners without substantial savings. Leverage allows you to invest without using your own money, but it’s recommended for those with at least $30,000 saved up. This business is ranked fifth as it requires significant upfront investment and may not be suitable for beginners.
These are the five best businesses you can start in 2024, each with its own pros and cons. It’s crucial to choose the one that aligns with your skills, interests, and financial situation.