What is the best business to start today with $200,000 capital that can make me a millionaire in 2 to 4 years?

What is the best business to start today with $200,000 capital that can make me a millionaire in 2 to 4 years?

If you own $200,000 and are ready to invest it into a project, you have a few options. While keeping in mind your expected payoff time (2–4 years), these are the most lucrative businesses that you can take up:

engaging in e-commerce;publishing books;creating a digital product;launching an online gambling website;starting software development;reselling domain names.

Keep in mind, these are the trendiest and statistically most profitable business ideas with this budget. If you have any type of hobby or an interesting task that you are engaged in daily, you can turn it into a lucrative project with just a bit of creativity. For now, let me focus on the mentioned businesses.

Engaging in e-commerce

Setting up an online store is one of the classic ways to earn on the Internet. Nowadays, thanks to the availability of many ready-made solutions, anyone can start working in the field of e-commerce.

In order to open your online store, you need a demanded product for sale. Therefore, you need to find a reliable supplier for cooperation. It can seem like a hard job, but it is worth it. Besides the product, you can sell services. With $200,000 of initial capital, you can make a significant supply and satisfy your consumers.

You will also need to work on promoting your brand. Luckily, digital marketing has plenty of opportunities for advertising online stores (SEO, affiliate marketing, etc.).

Publishing books

Internet possibilities are endless. If you have enough written material, you can share your creation with others. Self-publishing is a growing industry. There are different ways of how authors can present their books to readers. The most famous of which is Amazon. The $200,000 initial budget will help you organize a successful advertising campaign and set up presentations for your texts. If you target the right audience, the profit will not be long in coming.

The problem is that writing a book is not for everyone. You need not only an idea; you also need to write, edit and format it, and create an engaging cover. However, once you have inspiration for it, hire editors and designers, a book-writing process becomes a source of profit for years ahead.

Creating a digital product

If you are an expert in your industry (languages, dancing, musical instrument, etc.), you can try creating an online tutoring website. In this case, you can sell your skills in audio or video format. With a $200,000 budget, you will be able to hire additional tutors and expand your website into a huge teaching platform. It will help strengthen your business or provide something new to your audience.

Advertising your tutoring website is also an important part of the business. Social networks work the best here. Modern promotional tools on Facebook are powerful and easily comprehendible.

Launching an online gambling website

The increased demand for gambling entertainment encourages entrepreneurs to create new online casinos. It is a profitable business due to its accessibility and popularity. Different business types (franchise, White label, script, turnkey casino) allow managing your budget more efficiently.

The estimated profit comes in 3-6 months and doubles the starting capital in a year. Since different tutorials and guide companies are easy to reach on the Internet, the creation of this business is only a matter of time.

Starting software development

With the advent of mobile devices, apps have become a huge market. The industry is projected to continue growing. You do not even have to be a developer. You can simply submit an idea and pay someone else to implement it. The main thing is to find the idea that will bring you success.

The $200,000 budget is solid enough to hire a big team of developers and found an entire studio. The advertising will provide your website with recognition, so orders will be plentiful.

Reselling domains

You can buy domains for further profit. If you manage to work fast, it can generate a lot of income. With new domain zones appearing frequently (I mean domain endings like .com), you can try registering popular names in these zones to sell them later.

Starting such a long-term business requires an initial investment since some domain zones are not cheap. $200,000 is a perfect capital, to begin with. If you manage to register a successful, short, and popular domain, you can easily sell it at dedicated auctions.

If you are looking for a long-term way to become a millionaire, I can offer you my example. The online gambling business became a real revelation for me. When I started working with Rosloto, I understood how easy and efficient it is to have a gaming website. Their convenient turnkey business solution saved me a lot of time. Hopefully, you will also find your lucrative business idea with a $200,000 budget.