Are you looking for the next big business idea to help you earn in 6 figures? If yes, then you’ll love our ultimate list of 19 profitable 6 figure business ideas for wanna-be business owners.
6 Figure Business Ideas- An Overview
6 figure business ideas are businesses that allow you to earn nothing less than a hundred thousand (like $100,000, or $200,000).
In this context, 6 figures can start from 100,000 to 700,000 or 900,000.
This is a huge figure.
Hence the reason a lot of existing business owners work tirelessly to bring their business to a point where it consistently generates 6 figures.
As an aspiring business owner, you also want to start a business and belong to the 6-figure earners’ category.
However, you have no idea what business to start.
Right here, in this article, we explore several carefully selected 6-figure business ideas just for you.
But before we discuss what these business ideas are, let’s take a look at something very crucial.
Why 6 Figure Business Ideas
The benefits of being a 6 figure business owner are much more the same as the benefits of being a business owner.
So, starting and growing a 6 figure business will bring the following benefits.
- Lifestyle freedom and flexibility
- Financial freedom/independence
- Fame, status, and prestige
- Financial success
- Increased personal, life, and business skills
- Boost more confidence, etc.
Overall, being a business owner, in this case, a 6 figure business owner, will undoubtedly bring so much success and room for growth/expansion in your business and life generally.
However, this achieving 6 figures in business doesn’t happen by luck or magic.
It requires you to work 10x more than the average business owner.
It will also require a lot of strategic planning and tactful implementation.
Above all, it will require consistency, commitment, and diligence.
So if you want to enjoy these benefits, you need to be willing to put in the work.
With that said, let’s look into the future of 6-figure business ideas.
Future Relevance Of 6 Figure Business Ideas
The appropriate question to ask here should be – will 6 figure business ideas still be relevant in the coming years.
Or, as most people like to put it- do 6 figure business ideas belong to businesses in the evergreen niche.
Well, this will all depend on the business niche.
Evergreen businesses are businesses that are not affected by trends or seasons.
They’ll continue to remain relevant as long as humans remain on earth, e.g., tech, health, finance, food, etc.
So, to answer the question, will 6 figure business ideas remain relevant in the future?
We can say it all depends on the business niche.
Likewise, as long as your business remains relevant, you can consistently reach 6 figures and even more.
Now down to business- 6 figure business ideas examples.
6 Figure Business Ideas- 19 Profitable Business Ideas
1. Building And Monetizing A TikTok Account- 6 figure business idea
Tiktok is one of the best online platforms with over 500 million monthly active users-backlinko.com.
Likewise, it has the highest post engagement than other social media platforms like Instagram and Youtube.
So imagine building a Tiktok account, growing your followers, and getting paid for engaging over 500 million users monthly.
Even more, there are plenty of automated tools to help you grow on the platform.
For you to achieve more followers, you have to;
- Post content that will draw more followers.
- Be consistent on what you post.
- Bring in new ideas whenever you come online.
- Respond to your followers in the comment section.
- Post only high-quality and valuable content.
After you have gathered enough following of about 1000, you can begin to charge for shouts out, product promotion, and dragging traffic to blog posts.
2. Instagramming as a 6 Figure Business Idea
Instagram is also another 6 figure business idea to start with.
This does not require any fee to start the business.
It is also similar to TikTok.
Instagram is one of the best platforms with over 500 million monthly active followers like TikTok.
Instagram holds a record 70% post engagement rate higher than Facebook.
It is the second to TikTok.
So, you can definitely benefit from this large pool of audience and make up to 6 figures from your activities on the platform.
Starting this business requires posting quality content consistently to gain more followers.
Overall, when you have acquired enough following, you can begin to charge for shouts out, promotion of products, and brand influencing.
3. Affiliate Marketing
Affiliate Marketing is another business idea lucrative 6 figure business idea.
Even more, it is becoming more popular in these recent times.
So, you can tap into this opportunity and build a successful 6 figure business.
Affiliate marketing is a business model that requires you to sell other people’s products and get specific commissions on each successful sale.
Depending on your chosen niche, you can sell different useful products and earn an affiliate commission.
Affiliate commissions tend to vary from business to business.
Specifically, it could range from 1% to 80% affiliate commission per product, and there’s no limit to the number of products you can promote.
So you earn more money as you promote more products.
As an affiliate marketer, you could create a landing page, write newsletters, run ad campaigns, etc., to promote an offer.
Alternatively, you can even create your products and run the affiliate marketing business model to earn 6 figures over time.
4. Dropshipping- 6 Figure Business Idea
This is another good 6 figure business idea.
Dropshipping is an eCommerce business idea in which you act as the middleman between the seller and the supplier.
You do not need to stock up on products and wait for orders.
All you need to do is post your supplier’s product online at your own price.
Afterward, wait for orders to roll in and ship to customers while you keep your profit.
This is profitable because you can set your price for the goods even while getting them at a much lower price from the supplier.
To get started;
- Pick a niche.
- Research and find winning products in that niche (products that people need)
- Find legitimate suppliers in that niche.
- Decide on the marketing platform you’ll use; it could be Social media, emails, websites (e.g., Shopify), etc.
- Create an effective marketing strategy.
- Then start marketing your products.
5. Fitness Instructor
You have no idea what people are willing to do to get fit.
If you conduct thorough research, you will discover that people are always looking for effective ways to deal with excess fat.
So, you can get certified as a fitness coach, become an online fitness instructor, and build a successful 6 figure fitness business.
To get started, you’ll need to;
- Have a website or platform to host your fitness coaching sessions.
- Have a strong internet connection.
- Get the necessary certifications and equipment.
- Choose a target audience.
6. Music Production/ DJ
Music production is also a cool business idea that can bring in 6 figures in the long run.
Not everyone has the skills to produce music, especially a piece of good music.
When you have the skills to control the keys of the rhythm of sounds of a song, you have no problem producing good music.
However, this will require a substantial initial investment to procure the music production equipment.
Notwithstanding, with your passion for music, excellent creative skills, and your commitment, this initial investment could fetch you cool six figures in the long run.
7. Producing an Idea Program
Most people love to listen to their favorite podcasts or radio programs while commuting to work.
Even those driving their private cars like to listen to radio programs.
So, if you have an interesting idea that will soothe a category of listeners, you could build a successful 6 figure career from this.
When you’ve successfully built a loyal fanbase or listeners, businesses could pay you a huge sum to run ads on your program.
You can also feature your programs online by creating a website and sharing the recordings from your programs on the website.
Overall, you’ll need to find an interesting niche/topic, target audience, a platform to host your program, and commitment.
Then, with a large audience base, you can make 6 figures from ads placements over time.
8. Freelance Designing- a 6 Figure Business Idea
Digital designing is one of the high-income skills that could help you achieve a 6 figure career or business.
Are you creative?
Do you have graphics or web design skills?
If not, do you have the passion and are willing to learn?
If you answered yes to the above questions, then this is another profitable 6 figure business idea that you could explore.
You could create designs for businesses/brands and charge as much as $200-$800 per project, even as a beginner.
Whereas as a web designer, you could charge as much as $25-$60 per hour to design a website.
Furthermore, these rates could go higher with years of experience and expertise.
Overall, you could either do this as an independent freelancer or set up a design agency to go on a large scale.
Blogging is also a profitable venture that could fetch you a 6 figures income in the long run.
A blog allows you to share content around your interests with a targeted audience having similar interests as yours.
It could be a personal or business blog.
Also, it could be travel, food, education, finance, health, etc. blog, depending on your interests.
All you need to do;
- Find a suitable niche
- Identify your target audience
- Decide what type of content you want to share on the blog (texts, images, or both)
- Find a good website hosting platform
- Create a website
- Research topics in your chosen niche and create content.
There are several ways to monetize a blog.
- Earn money through ads on your blog (if you have a large audience base)
- Create and sell an e-book to your target audience
- Do affiliate marketing (recommend products to your audience and earn commissions from qualified sales)
- Create a membership program for your audience and offer members-only content, etc.
Above all, consistency is also a key point to successful blogging business.
You need to dish out quality content to your audience consistently.
Only then can you grow your audience and start making cool money from your blog.
This is also another business idea that can earn you 6 figures.
It is more like blogging, but here, you share video content, and the platform is mostly Youtube.
Here you’ll be sharing live videos around topics in your niche to your target audience.
For a successful vlog; you need to;
- A niche/defined target audience.
- Have a quality camera with a flip screen to capture every movement in your video.
- You will also need to purchase a ring light as you can’t depend on natural light when there is insufficient lighting.
- A microphone for quality sound.
- A convenient location for shooting your videos.
- Creating a Youtube channel and/or website to share your videos.
11. Online Tutoring
Being an online tutor is a good business idea that can fetch you a 6 figure income.
Not everyone wishes to go to the library to go through the stress of searching for books to acquire knowledge in a specific field.
So, if you’re vast in a specific field, you could become an online tutor teaching people about the things you know in a very simplified manner.
All you need to do is pick a focus area.
Get the required certifications where necessary, find a platform to share your expert knowledge in your chosen field.
More so, create a website that will make it easier for your students to have easy access to your free and paid teachings.
12. Freelance Writing- 6 figure business idea
Freelance writing is also a profitable 6 figure business idea you can engage in.
Fortunately, you don’t need to have advanced English skills to get started.
Likewise, you don’t need an advanced degree to begin this business.
A strong passion for writing, basic writing skills, good command of English, basic research skills, and the willingness to improve are enough to get you started.
You’ll need to pick a niche that you’ll focus on as it’s much easier to achieve expertise working with one niche for a long time than on different niches.
Above all, consistently work on improving your writing skills.
Only then will you be able to charge higher.
You should also consider marking your skills on platforms like Facebook, LinkedIn, or Instagram, so you can get more clients and make more money.
13. Email Marketing
There are two ways to earn from this business.
First, you could develop email marketing skills and sell your services to business owners who need to run an effecting email marketing campaign.
In this capacity, you’ll be responsible for marketing the business to a list of email subscribers to engage the audience and eventually sell to them.
On the other hand, you could build a list of email subscribers for your business.
When you have many subscribers, you can promote your products to them via newsletters.
Overall, with your email list, you’ll always have a large pool of audience to sell your business to.
However, you’ll need good email marketing skills and an effective marketing strategy to succeed.
14. Event Planner
Event planning is also a good 6 figure business idea that will always be in vogue.
Weddings, birthdays, conference meetings, award events, commissioning of projects, etc., will always be part of our lives as humans.
So, if you can effectively plan and manage events, you can build a successful event management business.
However, note that event management can be quite capital intensive.
Nonetheless, it’s still a lucrative business idea to help you reach a 6 figure income.
To get started, you need to decide on the kind of events you want to focus on; corporate or social events.
Also, some might require you to have special certification, e.g., project management.
Then, you’ll need a good marketing strategy to promote your skills and attract the right clients.
15. Photographer- 6 figure business idea
Photography is a good 6 figure-worthy business idea.
Do you have the skills to take pictures from a unique angle that will deliver stunning results?
Then this is one business that you can explore.
Even if you lack the skills, you can always learn.
However, you’ll need to procure the necessary equipment like a camera, lenses, printers, etc.
These are quite expensive.
Nonetheless, it’s worth every investment, given how profitable the business is.
You could grow your business from referrals and promote your work on your social media pages.
16. Life Coach
Life coaching is also another way to earn a 6 figure income.
There are areas in which people need assistance to keep going, such as;
- Relationship life
- Sex life
- Child birthing
- Parenting life
- Career life
However, you can decide to coach in the aspect of life you’re good at.
Doing this type of business, you will need to have certain things in place like;
- A specific niche.
- A website
- You also need to create a social media account for more audience and subscribers.
- A computer system or laptop with a webcam
- A strong internet connection for video calls.
- The required certification.
17. Personal Stylist
Some well-known personalities and dignitaries love to have their unique and personal style.
So, you could become the personal stylist to some highly placed individuals in society if you have extensive knowledge of fashion and can be creative with attires.
Overall, working with high-caliber clients could help you earn six figures.
18. Pet Trainer- 6 figure business idea
You could also earn six figures as a professional/certified pet trainer.
Not everyone is good at communicating with their pets.
Some even find it difficult to understand their pets.
So, if you can understand pets, you could help your clients train their pets.
This is another high-income skill that can consistently fetch you 6 figures in the long run.
Copywriting is all about having the unique and tactical ability to write persuasively such that people take the action you want them to after reading your content.
You could sell this skill as a service or use it to make more sales in your business.
Either way, this skill could fetch you a lot of money if you become really good at it.
However, you need to be good at developing an effective marketing strategy and persuading people to take action.
Fortunately, this is something you can learn through, teachings, mentorship, and practice.
Above all, like most businesses here, you’ll need to pick a niche and a target audience.
You’ll also need to hone your copywriting skills to be really successful in it.
Conclusion on 6 Figure Business Ideas
Each and every business idea listed here is profitable in its own right.
So, you can pick any business that interests you and get started.
However, it’s not going to happen with magic.
It takes consistency, hard work, strategic planning, sacrifice, and patience to grow your business to the point where you start earning in 6 figures.
All the best!