If you want to become an entrepreneur, the next immediate question has to be, “What’s the best business idea for me to make money?” I have the answer.
For those looking for a quick solution so they can skip any hard work, sorry in advance. This insight is not going to be what you want to hear.
But you’re going to save a ton of time doing it my way instead of the wrong path you might be tempted to go down.
Endurance and patience is always involved, but only fruitful if you’re headed in the right direction.
Let me explain.
Where Beginner Entrepreneurs Go Wrong
Beginner entrepreneurs often go wrong by trying to hit a home run on their first at bat when they have zero entrepreneurial skills, zero connections, zero capital, etc.
That app idea you have? It’s most likely garbage.
The software company you know is going to make you billions? Probably won’t make you a penny.
The new social network that’s better than anything out there? You’re crazy if you think you’re going to beat billion dollar companies in the market today.
And that’s why these beginner entrepreneurs set themselves up to fail.
Biting off more than you can chew is a recipe for disaster (or throwing up your food, gross).
I’m all for having big dreams. I mean the name of this site is Take Your Success, encouraging you to go out in this world and make your dream a reality.
But I’ve found that beginner entrepreneurs who aim too big, too high, too early, come up short and are forever discouraged.
They put their bucket down an empty well and are surprised they come out with no water although they’ve put a year or two into their business plan.
Think about this.
Jeff Bezos didn’t start his entrepreneurial career by aiming to build the biggest online shopping store in the world. If he did, odds are he would have failed.
He started with books and used what he learned to dominate that industry to expand Amazon.com to what it is today.
Mark Zuckerberg didn’t open Facebook and market it to everyone from the start. That would have slowed the growth tremendously.
His social network only accepted Harvard students, then it slowly expanded to other college students, and then they opened up to every age and went global.
Elon Musk didn’t graduate college and aim to build a rocket company. If he did, my money is it would have flopped in his face.
Instead he built a digital maps program and used what he learned there to build up to PayPal, Tesla, and now SpaceX.
Whether you have similar ambitions as those entrepreneurial giants or just want to quit your job and do what you love, the best business idea to do that is below.
Best Business Idea To Get Started
Maybe this isn’t as profound as you hoped, but I firmly believe people new to the entrepreneurial space will be far more successful and encouraged if they simply copy other successful entrepreneurs who are making a full-time income from their work.
Not billionaires, just millionaires or the average Joe who is making around $100,000 or more a year, for example, in an entrepreneurial pursuit.
Look at individual entrepreneurs who are making things happen on the Internet. Start following their steps to success.
Read their blog. Watch their videos. Sign up for their email list. Listen to their podcast. Understand how they serve an audience through a service or product, and how they monetize it.
You’ll struggle if you try to mimic the CEO of ESPN or Nike.
Because they’re on an entirely different planet with almost unlimited resources compared to your very limited capabilities. And you don’t have decades of experience to rely on like they do.
You can find success vlogging, consulting on social media marketing for businesses, podcasting, blogging, doing affiliate marketing, running an ecommerce shop, doing email marketing, other ideas like that.
I want this article to be timeless so I’m hesitant to recommend specific ideas.
The point is to do some research, consume content, and be self-aware to know your personality and skillset to determine how you’re going to serve the market and get paid for it.
Your primary goal at this stage is to start making money to supplement your income so you can eventually become a full-time entrepreneur. This is key since you can only create so much magic if 40 hours a week you’re tied to a 9 to 5 job.
Although you don’t have to be all in for the money to be an entrepreneur, your work does need to generate income or it’s just a little, cute hobby you do every week.
You don’t want cute. You want the real deal and that means getting paid for your contributions.
And one last reminder—because many young entrepreneurs go wrong here—it’s going to be impossible to try to mimic 13 different entrepreneurs who all are pushing you in different directions.
You’ll end up dazed and confused with no direction.
Find one or two people who you vibe with to start your digital business, and then work hard to take the steps they did to succeed.
Once you have a solid income from your small entrepreneurial pursuit, then you can build off of that foundation to grow your empire.
Build Going Forward
Now once you’ve learned some foundational tips of entrepreneurship, then it’s time to start building from there.
Because by this point you’ll have built a steady stream of monthly income and earned yourself some breathing room to explore grander (and more profitable) projects. Plus, you’ll gain valuable experience to bring with you in this next venture that will increase your odds of success.
Though improving your craft as an entrepreneur at every stage is fun in my opinion, this is where the real enjoyment starts to happen.
For me, this meant going from blogger to cofounding a digital marketing company. The stakes immediately became 100 times more real.
But in the midst of difficulty lies opportunity. And so far, this video proves I’ve taken this opportunity to serve local businesses and I’m making the most of it.
If you want it bad enough, you can become a professional entrepreneur who is in it for the long haul.
How bad do you want this?