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Businesses That Can Make You A Millionaire

Name: Businesses That Can Make You A Millionaire
Uploaded: 2022-02-13T20:21:40+00:00
Duration: 29 s
Channel: Shanli Liu, CPA, CTP
Description: In this brief monologue, the speaker highlights two low‑glamour but high‑margin business ideas that can generate millionaire‑level wealth. The first is a…

13 Feb 2022 · 0 min

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In this brief monologue, the speaker highlights two low‑glamour but high‑margin business ideas that can generate millionaire‑level wealth. The first is a residential home‑automation installation service, where companies charge $50,000‑$150,000 per upscale home to integrate lighting, blinds, TVs, temperature control, and related smart‑home systems, yielding strong profit margins. The second is an ATV rental operation: a single ATV costs only a few thousand dollars yet can be rented for $300‑$500 per day, producing substantial daily revenue and excellent margins when the fleet is scaled.

Boring businesses that will make you a millionaire if you start them. First one is home automation. Automating lights, automating blinds, automating TVs, temperature, all that stuff. Companies charge $50,000 to $100,000, $150,000, especially in nice neighborhoods, nice parts of town, just to deck out your home with all that. Really nice margin. Second business is ATV rental. So you would never guess this, but I have a friend who bought multiple ATV rental businesses and they have fantastic margins. I mean, if you think about it, you buy the ATV, you rent it out for anywhere from $300 to $500 a day for one ATV. You do that every day, that's a lot of money for one ATV. That thing itself only costs a couple grand.