Most rising entrepreneurs are so obsessed with finding the in-demand markets, that they often forget about whether they actually have the knowledge, experience or even interest in those markets that they are looking to enter. On the other hand, billionaire geniuses like Bill Gates and Ralph Lauren turned their respective passions into business empires that span across the globe, employing thousands today. While there is little guarantee about the fact that any of the following ideas will turn you into a billionaire, there is no guarantee that it won’t either!
The Wine Business
If you don’t just enjoy a glass of red wine but can actually tell a Chianti from a Pinot Noir, you are likely a wine connoisseur. There is good profit to be made in the wine business because, unlike almost every other product in the food and beverages business, the older a wine is, the better and more expensive it gets.
However, storage of your wine, or any other liquor for that matter, is the single most important consideration, as well as problem in the business, because without perfect storage facilities maintained and backed up by weather control facilities at all times, the wine will inevitably go bad, instead of maturing.
Octavian offer premium wine storage services to over ten-thousand private collectors and businesses from 39 nations across the world, so the good news is that if you manage to pick your wine well, they will make sure that the collection matures into an asset a few years down the line. They will actually help you sell your precious range as well, once they mature sufficiently, so it’s a good market to consider for someone who loves his/her wine.
The Salon and Spa Business
It would be difficult to find women who don’t enjoy a good day at the spa and the salon, but do you have the passion for it? It is one thing to spend entire hours on a massage bed, and entirely another to have the necessary passion that drives you towards knowing more about the various kinds of messages that are there.
Everybody likes relaxation and pampering, but are you passionate enough about it to actually understand how it all works? Do you know a few massages already, or are you famous on Instagram for your own nail art posts? If any of that is true and you enjoy learning about the spa and salon services as much as you enjoy getting those services yourself, you may just have a calling in the business.
Interior Decoration Consultancy
Interior decoration is a business that goes beyond just the residential market and branches out heavily into the industrial scene as well. Keep in mind though, how much of what you can cover with your knowledge, experience and skillset is what matters in determining your niche in interior décor. When you are the one everyone comes to before remodelling their own homes, just join an online course on interior decoration and give credibility to your passion, so that you can turn that combination of knowledge and passion into a successful business soon after.
Even if we didn’t cover your passion, there’s nothing to stop you from figuring it out yourself. Just think about what is a big part of your lifestyle that can also be turned into a profitable business. It might take some time, but the obviousness of the answer may just surprise you.