Anyone who is looking for the next billion dollar startup idea. Here's an interesting story about Howard Panes for you.
Panes have over six hundred thousand dollars in debt, credit lines trapped out, the bank seizes the properties & other assets and sells them off. Further, creditors were hounding him for payments and divorce, making the situation worse for him.
Today Howard Panes is CEO and Founder of LOGIC e-cigarettes, Stealth Fitness, Think Billions Experience, and co-founder of Mighty Yum. Howard panes net worth is 17.5 million US dollars.
That’s the power of a unique billion dollar business idea combined with sheer dedication.
So, the question arises, How to find the next billion dollar startup idea?
While most internet articles suggest that solving a daily problem with a unique solution is the most effective way to generate ideas. But, that’s just one side of the coin.
To build a billion dollar startup, you need to understand which sectors are booming currently or in the future. Following this approach will assist you in finding the next billion dollar business idea.
We have a list of billion dollar business ideas that have the potential to generate great revenue for your tech startup
According to Research and Markets, the global non-fungible market is projected to reach $211.72 billion with a CAGR of 34.2% by 2030, that is why we have included this as one of the top billion dollar tech startup ideas.
Investing in NFT marketplace development, where NFT creators and enthusiasts buy, sell, or trade NFTs worth millions, can generate billions of dollars. Popular NFT marketplaces like OpenSea collected a fee of 1.8 billion US dollars in 2022.
The NFT marketplace segment is projected to grow exponentially in the years to come. Thus, creating an NFT marketplace is a billion dollar startup idea that will stay in demand in the future.
Undoubtedly, the popularity of non-fungible tokens (NFTs) is at an all-time high. If you have a billion-dollar idea that has not yet been invented but somehow promotes the sale of NFTs, minting or even remotely related to NFTs has the potential to earn millions, if not billions.
NFT minting platform will allow content creators to transform their digital assets into non-fungible tokens. As a platform owner, you can charge a fixed fee, known as minting or gas.
Allowing content creators to list their NFTs and assisting them in getting the right price opens up more revenue generation opportunities. Connect with an NFT Token development company and convert your idea into a money-making machine today!
Investing in game development is one of the most lucrative billion dollar business opportunities that has the potential to generate trillion dollars in revenue.
In 2023, the revenue from the video game market is projected to reach US $384.90bn. The gaming sector for the next five years is expected to grow at a CAGR of 7.89 percent and is projected to grow US $521.60 billion between 2023-2027.
Fortnite game revenue statistics:
|Revenue Generated in Dollars
If you have a unique gaming idea, then we at RisingMax Inc. can help you transform into a billion dollar revenue generating machine. We have the right expertise and proven experience in developing engaging games for our clients using Unity 3D and unreal gaming engines.
Although it seems basic - starting an on-demand food delivery business has the potential to generate billions of dollars in revenue.
Here are some interesting stats showcasing the true potential of online food delivery business:
You can still generate huge profits with the right business plan, marketing, and an outstanding food delivery app like doordash. Moreover, the whitelabel food delivery solutions available can help you launch your food delivery business within three to four weeks.
The demand for the electric vehicle market is growing exponentially worldwide. And with the growing number of vehicles, the demand for easily accessible and energy-efficient EV charging is growing too.
The global electric vehicle market 2023 was valued at USD 388.1 billion and is projected to reach USD 951.9 billion by 2030.
The EV sector has huge potential, and investing in EV charging station apps offers an opportunity to follow the same suit. Connect EV charging stations worldwide with a single application and empower them to manage business operations effectively.
With an attractive business model and catering to large customers worldwide, you can generate billions of dollars in revenue from EV charging apps.
So, why wait? Get in touch with our experts today!
We all know the popularity of ecommerce platforms and how they make our lives easier by offering everything with just a single click.
However, the web3 ecommerce platform will dominate the future of online shopping. They are more attractive to businesses and consumers, and can generate billions of dollars through transaction fees, advertising, subscriptions, and tokens.
While blockchain will make online shopping highly secure for users, AR/VR will assist customers in trying on products before buying virtually. Thus, reducing the return rates.
While most ecommerce businesses are in the planning stages to move into web3, partnering with a web3 ecommerce development company and joining the web3 bandwagon gives you an early adopter advantage.
Over-the-top (OTT) apps are becoming increasingly popular as people look for convenient and affordable ways to watch movies, TV shows, and other content.
The global OTT market is projected to reach $223.9 billion by 2027, and there is a growing demand for high-quality, content-rich OTT apps.
If you can invest in an OTT app that meets the needs of users, you have the potential to create a billion-dollar business.
Interested to know how much OTT app development costs. Click here
Your app should offer a wide variety of content, from movies and TV shows to live sports and news. You should also offer features that make it easy for users to find the content they want and watch it on any device.
Online learning applications are becoming increasingly popular as people seek convenient and affordable ways to learn new skills.
The global online learning market is projected to reach $325 billion by 2025, and there is a growing demand for high-quality, engaging online courses.
If you can develop an online learning application that meets the needs of learners, you have the potential to create a billion-dollar business.
Your app should offer various courses, from basic to advanced, and be easy to use and navigate. You should also offer features that make it easy for learners to track their progress and stay motivated.
Further, you can collaborate with schools, colleges, and other educational institutions to widen your elearning app reach.
The cryptocurrency market is growing rapidly, with a projected value of $2.2 trillion by 2025. This growth is driven by businesses and individuals' increasing adoption of cryptocurrencies.
Cryptocurrency exchanges allow users to buy, sell, and trade cryptocurrencies. They are essential to the cryptocurrency ecosystem and key to market growth.
We can help you build a cryptocurrency exchange software that is secure, user-friendly, offers a wide variety of features, and has the potential to create a billion dollar business.
The global metaverse market was valued at $65.5 billion in 2022 and is projected to reach $936.57 billion by 2030, growing at a CAGR of 43.7% from 2022 to 2030.
The metaverse is a virtual world that is being built on the convergence of virtual reality, augmented reality, and the internet. It is still in its early stages of development, but it has the potential to be a trillion-dollar market.
There are many opportunities to develop businesses in the metaverse, such as:
If you can develop a successful business in the metaverse, you have the potential to make billions of dollars.
The on-demand taxi market is growing rapidly, with a projected value of $285 billion by 2025. This is due to the convenience and affordability of on-demand taxi apps, which allow users to book a ride with just a few taps on their smartphone.
The success of on-demand taxi apps like Uber and Lyft has shown a huge demand for this type of service.
If you can develop a well-functioning on-demand taxi app that meets the needs of users, you have the potential to create a billion dollar tech startup business.
Further, your app should have a large and active user base, a reliable and efficient booking system, competitive pricing, a strong marketing campaign, and a commitment to customer service to ensure your success.
We can help you Launch your on-demand taxi application within three to four weeks!
Any online information answering “What are some billion dollar business ideas?” is incomplete without mentioning “NEO Bank.”
NEO banks are the future of the banking and financial sector. They offer transparency, affordability, and convenience for tech-savvy customers to avail of banking services.
Further, these next-gen banking solutions come with advanced money management and financial tools that assist customers in meeting their financial goals. According to reports, the global NEO banking market stood at $66.82 billion in 2022 and is expected to grow at a CAGR of 54.8% during 2023-2030.
With a whitelabel neo banking solution, you can launch a NEO bank within six to eight months. You can launch a fully licensed NEO bank or partner with a parent bank to offer financial services.
How much does it cost to develop a NEO bank? Read out our detailed NEO bank development cost blog.
Multi-service provider marketplace connects consumers with a wide range of service providers, such as plumbers, electricians, and carpenters. This makes it easy for consumers to find and book the services they need and provides a convenient platform for service providers to connect with new customers.
The market for multi-service provider marketplaces is growing rapidly and is expected to reach $100 billion by 2025. This growth is being driven by the increasing demand for convenience and the growing popularity of online platforms.
If you invest in a multi-service provider marketplace app development, you can make a billion dollars.
Healthcare facilities and hospitals are taking advantage of the ongoing tech revolution. They are implementing healthcare apps, softwares, and remote consultation solutions to widen healthcare services needs.
Although these tech solutions streamline workflow and offer remote consultation, generating billion-dollar revenue is a far-stretched reality.
Setting up a hospital or healthcare facility in the metaverse can be the next billion dollar idea you are looking for.
From real-time sharing of health records to scheduling consultations with doctors or physicians, there are various benefits associated with metaverse healthcare. Moving into the metaverse opens up new growth opportunities for healthcare businesses worldwide.
Businesses worldwide are shifting their focus to online marketing to connect with their target audiences.
Launching a digital agency startup that can serve businesses' digital market needs can be a profitable business investment.
Digital marketing services like SEO, SEM, and Paid social media marketing are in high demand. Start a digital marketing agency that strengthens businesses' digital footprint and increases online revenue.
In 2023, big bands like Nike have spent approximately 4.06 billion US dollars in advertising and promotions. Partnering with the big names in the businesses can make your digital agency startup a money machine.
According to Mckinsey, over 50 percent of online insurance in Europe is sold via insurance app aggregators.
These insurance apps allow customers to compare healthcare, automotive, business, home, and other insurance plans offered by different insurance providers. Leveraging this information, customers can decide which policy best meets their needs well.
Connect with an insurance app development company and launch your insurance aggregator application.
During the global COVID-19 outbreak, content creators in the adult entertainment industry sought a medium to connect with the audience online and earn money.
This added to the popularity of content subscription platforms like OnlyFans. Within just a short period from 2019 to 2021, the platform generated 932 million US dollars.
In 2023, the subscription content-sharing platform had over 210 million registered users and 2.1 million content creators. Making it one of the fastest-growing content subscription platforms today.
How do you build a $1 billion startup? Starting a content subscription platform with a better revenue model has the potential to become a $1 billion startup within a span of three to five years.
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The growing popularity of cryptocurrencies like Bitcoin and ETH started the discussion about the relevancy of traditional banks in the 21st century.
Lower entry barriers and easy accessibility make them an ideal alternative to traditional banking.
Starting a crypto bank where users can deposit their cryptocurrencies, NFTs, and digital assets and avail of banking services like loans presents a futuristic business opportunity.
Further, less red-tapism ensures that more users join the mainstream finance sector and avail of banking services.
In addition, providing banking as a service or investing in custom Fintech app development can generate billions of dollars in revenue.
Opportunities related to Metaverse banking solutions that are yet to be invented can be worth trillion dollars if your idea is unique and brings more users to mainstream finance.
The internet is full of content creators who generate huge amounts of money from video sharing and social media platforms like Instagram and YouTube.
Content creators like PewDiePie, MrBeast, and Logan Paul are worldwide known influencers with billions of followers on YouTube and Instagram. If creating vlogs and video content is your thing, then creating an Instagram/YouTube channel makes more sense.
Brand collaboration, earning from video views, and advertisements, there are endless opportunities to generate revenue while creating content.
During the pandemic, event management planning struggled and sought an alternative that best suits big brands and organizations.
Virtual event platforms have gained popularity in this chaos and are a better alternative to traditional event management businesses. Big brands and organizations use virtual event platforms to engage with the target audience and market their products and services.
In 2021, the global virtual event market size was valued at USD 114.12 billion and is projected to grow at a CAGR of 21.4% from 2022 to 2030.
Combining all the above-mentioned factors, starting a virtual event management business is a lucrative opportunity. Further, the current stats clearly show that the virtual event business will likely grow.
If you have a billion-dollar idea not yet invented related to a virtual event sector, then we have the expertise to transform it into reality.
According to Statista, the Travel and Tourism sector is expected to generate a revenue of $855 billion in 2023.
If you plan to start a brick-and-mortar business that assists users in managing their travel plans. In that case, limited reach and high competition will become a big hurdle in generating huge profits.
But how about launching virtual travel and tourism startups? A virtual travel and tourism business gives you a competitive edge and widens user reach to generate more revenue.
Further, you can build an AR/VR travel application to offer an unmatched experience to customers. They can have a virtual tour of hotel rooms, tourist places, and items on the itinerary to make a well-informed decision.
Education or learning will not be limited to schools, universities, colleges, or other educational institutes.
In 2022, the eLearning market generated a $399.3 billion US dollars revenue and is projected to grow at a CAGR of 14% from 2023-2032.
Leveraging the true potential of the metaverse, you can take elearning or online learning to a whole new level. Digital skills like web development, blockchain app development, and skill training for medical students can be provided in the Metaverse skill development center.
Can I make a billion-dollar company? Metaverse skill development center is a practical and unique startup idea. It’s not limited to geography and can serve a wider target audience. Students or professionals worldwide can join the Metaverse skill development center, thus widening revenue generation opportunities.
This billion dollar startup idea will surely be in demand in the future.
The rapid digitalization has transformed how users shop online and pay for them. This created a space to introduce new financial tools like Buy Now Pay Later.
In 2023, the buy now pay later apps generated a revenue of $ 9.1 Billion and is expected to reach $ 70.9 Billion by 2033.
Currently, most customers use buy now pay later apps for shopping on ecommerce websites like Amazon. In the future, we can expect a wide utilization of these financial tools, as they allow users to buy products and services without paying upfront.
Developing a buy now pay later app with a better business model than the existing one has the potential to become the next billion-dollar app.
The real estate market is a multi-trillion dollar industry, and there is a growing demand for convenient and affordable ways to invest in real estate. Real estate apps can help users find properties to invest in, manage their investments, and connect with other investors.
If you can develop a real estate app that meets the needs of investors, you have the potential to create a billion-dollar business.
Your app should offer various features like property listings, market data, investment analysis tools, and networking opportunities.
With billion dollar worth of properties being sold and bought on your real estate app, generating consistent gains won’t be an issue for you.
As the global waste management market is expected to cross $2483 billion by 2030, starting a business related to waste management is a lucrative opportunity. Similar to other billion-dollar business ideas on our list, this opportunity brings some unique challenges specific to the waste management industry.
Competitive business, high cost, strict regulations, license requirements, and insurance needs are some of the common business challenges. As an entrepreneur, you need to find a way out to make it a profitable business venture.
You need persistence, tenacity, perseverance, and commitment to convert an idea into a $1 billion startup.
Irrespective of which idea you choose from the above-mentioned 25 ideas, our team will provide you with the necessary guidance & tech support to ensure a smooth journey.
Do you want to discuss a billion dollar idea for business with our experts? Schedule a FREE consultation call and discuss your idea under a non-disclosure agreement.