Business Ideas That Make You A Millionaire 2019/2020
- 1 Business Ideas That Make You A Millionaire 2019/2020
- 1.1 How to begin A Software Business
- 1.2 How Software Business Make Money
- 1.3 Other Amazing Business You Can venture Into Today
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We are now in the era where businesses tend to run itself with the help of some software and bots and sometimes, it got me wondering what the future will look like.
Just few days ago, I was watching a video on YouTube about Google Assistant and from the video, this bot can help buck appointments for their users. Let’s say you want to book an appointment with a doctor and you don’t have the time and strength to actually do that yourself, you can pass this activity to Google Assistant.
GA will make a call to the hospital, speak like a human that the person on the other end won’t know that the conversation was actually with a robot. It was indeed mind-blowing and that made me realize that the new route in making money is no longer going to be selling of woods and cartons.
It’s going to be selling of software. Microsoft is one of the most successful companies in the world. But they don’t sell tomatoes, (Not that there’s something wrong with selling tomatoes anyway..).
In this page, I’m going to be guiding you on how you can make a lot of money from a software business anywhere in the world. This business is highly technical, requires a clear vision, mission and target. If you’re the confused type of entrepreneur, don’t do this please. To save yourself the stress, time and finance.
How to begin A Software Business
1. Disvover A Problem
The world of entrepreneurship is a world of problem solving and if you want your software business to survive, you have got to be ready to develop a software that solves people’s problem. It could be to develop a software that allows me to send food to my mum.
Perhaps a software that changes how I play music, type documents. It could be a software that manages my appointments, diary, contacts etc.
This software must have a need if it must be demanded. You must create something that makes life easier and fun. Do that and your target market won’t mind parting with their money just for it.
2. Simplicity Is Key
Why are some of the most software in the market so successful? The reason is not far-fetched. The interface is usually neat, simple and easy to navigate and understand. I don’t need to go on a 6 months’ software training before I could be able to use your software, right? If you must develop such a high end software that requires special skills that will warrant training, there have to be something for the user.
A motive to pursue such a cause. Take for instance Microsoft word, Photoshop, adobe etc. people can go on a 2 years training knowing deep within that it is worth it. knowing that with such a skill, they can make money. They also know that such a skill also widens their chances of getting a job anywhere in the world If your software doesn’t have such mouth-watering benefits, don’t make it too hard for your market
3. Employ The Best
You might or might not be a software developer, but you need hands that are competent and knows what to do. You need not one hand or two, you need a team. You have got to hire developers, marketers, strategist, graphic designers etc.
These are the key people you need in your company if the business must grow as you envision it. One of the major reasons why most software business fail is simple, the people employed weren’t well managed or simply not the best. If you must steal them from another software company, please do. This is war!
4. Flexibility and Freedom
You don’t need to make the software so strict and binding. Make it so flexible that it can serve diverse people at the same time. Take for instance, WordPress. It is an open source software that also allows common developers to develop plugins that enhances the functionality of the software.
This software can be used to create blogs, websites, ecommerce, portfolios etc. Just mention it. it can do anything that has to do with creating. All you need to do is imagine it and it get done. In this software business, you need to give people the freedom. This is why android is soaring high today. Users can customize their android phone to whatever they want as long as they know how, unlike IOS.
5. Always Update and Grow
In this software business, you need to grow every minute if you must remain relevant in the software industry. Your software needs to be updated always to accommodate your customer’s growing need. You need to constantly listen to their feedback, to know the features they want and some bugs that needs fixing. As you update and grow with them, the business grows.
But the moment you feel you have arrived, you get kicked out. No matter how great a software is, it usually gets boring as time goes. With occasional updates that comes with new appearance, features and feel, you find yourself amassing even greater consumers.
6. Test Run Before Release
Nothing pains users more than when they see an update of their favorite app or software, they click update only to discover that the new update is bug filled. I have been in that shoe many times and trust me, it isn’t a pleasant experience. In this software business, always test your software or updates weeks before release. That way, you minimize problems.
How Software Business Make Money
There are a lot of ways to make money from a software business and in this segment, I will make most of them known.
1. Selling of Software
Most software doesn’t come with a free label. They need to be bought with real money once the user finds that the software will be helpful. Most software can cost $10 – 10,000. Depending on a whole lot of factors.
Software businesses earn money from the software, especially free software by displaying ads like Admod, even from corporate individuals or companies that can afford it. That way, they are not at lost. The more people download, the richer they get in the business.
Most software comes with the option of buying additional features with real money. This kind of software aren’t usually open source. They are fully managed by the software company.
Starting a software business is very lucrative provided you have a unique idea that you believe will make a lot of difference in the way we do things. If you have a concept, a software in mind which you believe will be the bomb, start a software business and see to it that this business become a reality.
That’s the much we can take on the topic “Business Ideas That Make You A Millionaire 2019/2020”.
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