3 Business Ideas to Make Money 🚀
Hello Tribe!
Welcome to another exciting edition of Moneymint! We're more than just a newsletter—we're a community of go-getters, dreamers, and doers.
Exploring new business opportunities? Here are three innovative business ideas that can help you build, grow, and earn. Let’s break them down with facts, strategies, and insights.
Idea #1: Corporate Esports League
The esports industry is projected to reach $1.87B in revenue by 2025. Here's an untapped opportunity: Corporate Esports Leagues.
Imagine Google vs. Facebook battling it out in Fortnite, streamed live for millions to watch—and companies earning real money! Esports isn’t just a trend anymore; it’s a billion-dollar industry with immense potential for innovation.
You can build corporate esports teams and play with each other, FOR REAL MONEY!
Success Story:
TEAMS.gg raised £500,000 in funding and grew to 150,000 users by focusing on corporate team building. They expanded into six major esports titles and created a successful matchmaking platform for corporate teams.
How It Works
What’s the game plan? Corporates field gaming teams for tournaments.
Who wins? The winning team takes home the prize, often donated to charity.
Why it works: Gaming brings community engagement and boosts team morale.
What does the platform do?
Each team has a captain -> who recruits 20 people team -> collects the prize.
Organizes the players -> ensures money is given to charity (or to the players)
Share social media clips of pre-game, in-game, and after game.
Revenue Streams
Content Creation: Create and share esports content on YouTube or Instagram to attract followers.
Sponsorships: Partner with brands to sponsor teams and events.
Merchandising: Sell gaming merchandise like t-shirts or caps.
Prize Money: Participate and win competitions.
Streaming Revenue: Broadcast matches online on your channel to earn through ads.
Influencer Marketing: Use influencer reach to drive audience interest.
The Market Potential in India
India’s gaming industry is set to grow to ₹15,300 crore by 2025 (source: KPMG).
Corporate Esports can tap into workplace wellness budgets and promote charity while making gaming competitive.
Source of the IDEA: https://x.com/balajis/status/1193324170895069186
Idea #2: Build to Sell
Want to create a product people love? Start with a solid audience and scale it up. The idea is simple—build a brand that sells itself.
How to Get Started
1. Prioritize the platforms you are most familiar with to gather followers. Use Instagram, YouTube, or LinkedIn to grow a community.
2. Regularly interact with your audience to earn their loyalty; be patient, as it takes time to build trust.
3. Create something that no one asks for but everyone wants. It can be tech-related or any product, like sound-free basketballs sold by the basketball creators at In The Lab.
4. Build a brand that can make a significant impact by bringing ideas you want to see in the market. Develop a strategy and then work on it.
5. Motivate your existing customers to bring in new ones by offering incentives. Keep the incentives reasonable and within your budget. For example, the basketball creators gave $10 to college ambassadors for each ball they sold.
6. Share your product and progress on social media platforms you know well, aiming to make it go viral. You can use TikTok, Twitter, or any other platform that works for you.
Success Metric: In-The-Lab basketball generated 7-figure revenue through this exact model.
India’s D2C Growth
The direct-to-consumer market in India crossed $100B in 2023.
The D2C market in India is expected to reach ₹2 lakh crore by 2025 (source: Avendus Capital).
Platforms like Meesho and Shopify make it easier than ever to set up shop.
Source - https://x.com/gregisenberg/status/1746952966865568051
Idea #3: Ask, Build, and Earn (With AI)
AI tools are revolutionizing businesses. With the right approach, you can build a product, gather feedback, and scale it quickly.
AI tools will add $15.7T to the global economy by 2030. Here's your playbook:
Step #1: Build a Community and Ask Them
Once you have enough followers or subscribers (minimum 1,000 engaged followers), ask them about the tool or product you want to offer.
You can use Google Forms or email surveys for this.
For example, Ruben Hassi reached over 78 million people in a year and asked his community:
Question: Would you like to create LinkedIn posts using AI?
Response: He received over 800 answers, and more than 500 people were ready to test his product.
Step #2: Choose a Name for Your Company
Use tools like ChatGPT to help you brainstorm a name for your company.
Ruben used the Tree of Thought technique, which simulates a conversation between experts. He eventually chose the name EasyGen for his company.
Pro Tip: Keep the process public and invite suggestions from your community. This will help you build trust and engage future customers.
Step #3: Create a Logo with AI
AI can make designing a logo easier and faster.
For instance, Ruben used Midjourney AI and ChatGPT to design EasyGen’s logo. He finalized a pink and grey theme inspired by Gumroad.
He narrowed it down to four logo designs and let his community vote for their favorite.
Pro Tip: Keep the process public to increase engagement and build stronger connections with your audience.
Step #4: Use AI to Check Pricing
AI can suggest pricing strategies or payment plans for your product. Choose the one that fits your business and target audience.
Ruben considered three pricing plans suggested by AI and decided on a $2/day LinkedIn ghostwriter service.
Here’s how AI can help:
Organize and clean data.
Suggest multiple pricing strategies.
Act as a virtual data analyst.
Step #5: Create a WhatsApp Group for Beta Testers
Creating WhatsApp groups is a smart way to stay connected with your users.
Ruben created three WhatsApp groups with 995 members where people tested the beta version for free and shared feedback.
Bonus: He still has direct access to all the members, which is great for future updates or announcements.
Why WhatsApp? It has a 98% open rate, meaning most of your messages will be seen by your users—even if it’s just a quick update or a new post.
Real Example: EasyGen's LinkedIn tool acquired 500+ beta users in 72 hours using this framework.
AI in India
Over 68% of startups in India are leveraging AI for business growth (source: NASSCOM).
Tools like ChatGPT, Canva, and Midjourney make branding and product design affordable for small businesses.
Source - https://x.com/RubenHssd/status/1857447582798110968
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