Business Ideas May 24th, 2016
Today is the first day of a new section on Entrepreneur Millionaire which consists of giving away at least 5 ideas per day. Without further a do, here are a couple of business ideas May 24th, 2016 from Entrepreneur Millionaire. Enjoy!
A Billionaire Summit
Get at least 15 Billionaires to come and speak at a conference that you set up. Invite Billionaires who want to give back by providing their knowledge to your customers. It could be a great opportunity for Billionaires to promote their business and connect with other businesses.
You can do a 3 day live event. Your ideal customer could be a millionaire or multimillionaire looking to increase the wealth and become richer.
The biggest challenges would be connecting with Billionaire and getting them to come speak at your events. Ask yourself: How can I become interesting enough to attract or get the attention of Billionaires?
Depending on how much the Billionaires will want to get paid for the event, you might have to charge upwards of $10,000 per ticket. Here at Entrepreneur Millionaire we like to set big goals, so we would aim to get at least 5,000 people to buy pre-sold tickets at an early bird discount.
Although there are many companies trying to push into the wearable market, the smart glasses market is still young. Google attempted to enter the market with Google Glass, but with privacy concerns on the rise they decided to scrap it.
If you can come up with a beautiful design and can blend the technology infrastructure with it, you may be able to carve out a market share. Privacy will be a major issue, so be on the lookout for changes in government regulation.
App to Find Parties
The Founder and CEO of Entrepreneur Millionaire is currently an upcoming junior in college and is constantly asked by friends, “What is the wave for tonight?” “Wave” meaning where are the college students going tonight, what are the fellow college students doing tonight.
Even though there is Twitter and Facebook, young people are still trying to find something to do on weekends and both social networking services aren’t the best ways of promoting parties. What if they had a social networking app that focused primarily on parties and and clubs.
Based on location, users can send invites to other people and make parties public invite or private invite only. To make money, you can charge for ad slots and limit the number of parties individuals and businesses can list with a free account while charging for a premium account.
They may already have umbrellas that can do this, but what if you can build a large umbrella that folds up to easily place in a backpack or small bag.
Carrying a large umbrella can be tedious. It’s hard to rely on weather apps, since sometimes it doesn’t rain.
Also, if you are at a football game or any type of outdoor event, having a foldable umbrella can make it easier to carry and stash away.
Group Video Messaging
You have apps like GroupMe that focuses mainly on text communication between a group. SnapChat focuses on photo and video communication with one person at a time.
What about an app that focuses mainly on group communication through video. There is an app called Glide that you can send videos to each other, but only one person at a time.
There you have it? Entrepreneur Millionaire business ideas May 24th, 2016.