Transcription
A BDI, or Billion Dollar Idea, is like a beautiful day. Everyone owns it, but only some people take advantage of it. In this video, we're going to send 15 rays of sunshine your way. What you choose to do with them will determine what you reap. If you love daily inspiration and big ideas, then subscribe to Alux. We're building a community of future billionaires, so be part of the journey.
Number one: Bees. Bees are big business. From crop pollinators to honey makers, bees are making it rain for anyone willing to see what's buzzing in this industry. In 2019, Forbes proposed an interesting idea of valuing industrious insect populations like bees as if they were public companies. The valuations were based on the data of agricultural economics that rely on bees as pollinators. Forbes estimates the market cap of the global honeybee market is at $20 billion. What we most love about bees is that while being big earners, they also add 100 times more value to the community than to the beekeeper, according to the USDA.
Number two: Sustainable Housing. The need for sustainable living solutions is only becoming more important as the global population continues to grow. The business research company reports that the global single-family housing green buildings market is expected to grow to $113.54 billion in 2021, at a compound annual growth rate of 7.2 percent. If you're able to corner the market on any aspect of sustainable small housing, the industry is in for a growing profit with a shrinking household footprint.
Number three: Clean Air. The next billion-dollar idea might just come out of thin air. The pandemic shone a light on how unreliable the current air purifying solutions are and what a huge market there is for clean air. Air pollution costs the European Union $24 billion annually. That's not including the cost of the healthcare system, crop loss, and building damage caused by air pollution, which is deep in the billions. There are roughly 400,000 premature deaths every year in Europe linked to air pollution. From green walls to bacteria-filtering air conditioners, there's a world full of opportunity just a breath away. But how do you test a big idea on a real-life market? Well, stick around, and we'll tell you how.
Number four: Mobile E-learning. As every Aluxer knows, the internet is a treasure trove of learning. If you want to be in the business of e-learning, your billion-dollar idea needs to provide for learning via mobile phones. Statista.com reports that in the first quarter of 2021, 54.8 percent of global web traffic was accessed on mobile phones. Emerging markets have mostly skipped the desktop internet phase, going directly onto smartphone tablet devices. However, it's not just markets like Nigeria, Ghana, and Kenya that have such high mobile web traffic. The U.S. online traffic is accessed 48 percent on mobile phones. And if learning online sounds like a good fit for you, then be sure to watch our video, "15 of the Most Valuable Learning Websites That Are Free."
Number five: Turning Trash into Treasure. One man's trash is another man's treasure never rang so true as in this business industry. The world is fast running out of space to stash its trash. At the same time, precious metals are harder and more expensive to access than ever. Partner the need for waste management with a much-needed tech product, and you'll be raking in the billions. And if you need some inspiration, look up the urban mining movement, where precious metals are retrieved from tech waste.
Number six: Virtual Professionals. It's not certain it'll ever be business as usual after the pandemic, and the whole world has adopted a virtual work mindset. This means there are plenty of new avenues for business to provide on-demand services remotely. Forget about on-demand ride-share. How about on-demand legal services or wedding officiators? If you can get to market soon, you could have billions on demand before you know it.
Number seven: Closing Loops in Food Manufacturing. Back into waste, because as a human race, we just can't stop producing it. The growing need for repurposing organic waste is another wasteland of opportunity. This is made even more lucrative by the growing need for soil regeneration from years of unsustainable farming practices. If you can turn a by-product like orange peels from a juicing company into compost, then that black gold could be your ticket to billionaire status. Plus, you're closing the loops in a circular economy and bringing the world to a more sustainable level.
Number eight: Green Travel. If you want to be the next billionaire in the tourism industry, you need to look into green travel. The tourism industry is one of the big contributors of global emissions. Flights alone are considered to contribute 8 percent of global emissions, according to the David Suzuki Foundation. Airline flying increases 5 percent year-on-year, but the improvements on fuel efficiency of aircraft hover around 1 to 2 percent, meaning the demand for flights and the global emissions are both increasing. Carbon offsetting is only one side of the equation for greening the tourism industry, albeit an untapped and profitable one. If you can contribute to energy efficiency in this sector, then the sky's the limit for your earning potential.
Number nine: Sell an NFT. NFTs might confuse people, but what was considered a bubble continues to impress and rake in the money for investors and creators alike. You don't have to be as prolific as people's collage of 5,000 unique days of artwork to bring in the big bucks in the non-fungible tokens market. You could have the next "Charlie Bit My Finger" gold already in your family videos. According to Rolling Stone, that particular NFT recently sold for $760,999 at auction. Another happy home snap, "Disaster Girl," brought home $500,000 in April 2021.
Number ten: Corporate Health and Wellness. Corporate wellness is a huge industry. Pandemic health and wellness in the workplace is not only reserved for tech startups offering lunch hour Cairo appointments. Big companies are under pressure to provide an increasing number of health and wellness checks and services for their staff. This global industry could provide a healthy business prospect to anyone willing to check it out.
Number eleven: Plant-Based Industry. Steaks grown in labs, mushrooms for bacon, and milk made from yeast might already be in the testing phase, but businesses willing to roll these out to market will have their plates full, full of money. In case that doesn't have you craving a bite out of the pie, maybe you'd be interested to know that the plant-based food market is expected to grow at a compound annual growth rate of 11.9 percent from 2020 to 2027. That means that by 2027, the plant-based pie will be worth $74.2 billion.
Number twelve: Women Safe Ride-Share. Women are 51 percent of the world market. Ride-share apps have changed public transportation, but they've posed a danger for women drivers and riders. If you're able to provide ride-share alternatives that can combat this problem, increase safety and security of women, then you'll be in the driver's seat to serve this majority market.
Number thirteen: Water. Like waste, water is a global priority. Population growth and freshwater shortages will increase the demand for water and wastewater treatment services globally. According to Statista.com, in 2016, the global water and wastewater market was worth a combined $265 billion. By 2018, that figure nearly doubled to a market value of $465 billion. Anyone able to create, purify, manage, and transport water will see profits flowing in.
Number fourteen: On-Demand Home Services. Even though the gig economy has its downsides, on-demand services are here to stay. The pandemic has changed buyer patterns to more home-bound customers, so anyone offering services that come to your home will continue to be in demand. If you create the next Uber for healthcare services or beauty therapy, there could be instant billionaire status in your future.
Number fifteen: Create the Next Bestseller. Stephanie Meyer earned herself a net worth of $120 million from her first book series, The Twilight Saga, and the franchise netted over $3.3 billion. J.K. Rowling created a billion-dollar career from stories about a schoolboy wizard, all proving you don't need to be a hard-wired Wolf of Wall Street type to bring in billions. Anything from James Frey and the Fart Squad to Captain Underpants and Wimpy Kid are still topping the charts on any bestsellers around the world, showing that the global taste for literature has changed from Dickens to Dork Diaries. So, right on.
What industry do you think we'll see the next big billion-dollar idea emerge from? Share your thoughts in the comments below, and remember, we'll be right there with you. Okay, we're almost at the end, but before we go, you know there's a bonus coming your way. How do you test a winning idea when inspiration comes knocking? There are plenty of sites full of potential spotting crowds to source funds and feedback from. Kickstarter and Fundraiser are just two of a growing number of public backer sites. It gives you the space and platform to test your idea and ask backers to put their own money down on your idea. If your idea is good enough, then you'll be backed all the way to a billion. Thanks for spending some time with us today, Aluxers. We'll see you again tomorrow.
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