What Are the Top 10 Most Successful Business: Starting your own business can be one of the most rewarding things you’ll ever do. After all, it gives you the ability to create your own job and do something you love every day!
What Are the Top 10 Most Successful Business
But starting a business isn’t easy, especially in today’s economy, with the ever-changing technology and political climates. Many times the best way to learn what you need to know about starting and running your own company is by seeing how other entrepreneurs have done it, whether they succeeded or failed along the way.
Uber took off in San Francisco in 2010. Since then, it has expanded to more than 60 countries and more than 300 cities worldwide. Forbes estimates that Uber is now worth $41 billion, putting it just ahead of Starbucks ($40 billion) on their list of America’s Most Valuable Brands. Why was Uber so successful? It came along at a time when people were looking for new ways to get around town, especially in big cities where public transportation can be spotty.
And while taxis are usually readily available in big cities, they can be expensive—especially if you’re traveling with a group or if you’re going out at night. It’s also hard to find a taxi when you need one—they’re not always easy to hail down on street corners like regular cars are.
Uber offers an alternative: customers use an app on their smartphones to order rides from private drivers who use their own vehicles as de facto taxis (though they don’t have taxi licenses). The app handles the payment and tracks location; riders rate drivers after each trip.
The Airbnb story is a great example of how a product that was inspired by necessity became an industry. The founders couldn’t find affordable hotel accommodations during a design conference in San Francisco, so they rented out their apartment for three days. They ended up booking $30,000 worth of business in one week—and ultimately made over $80 million in revenue for 2010.
Today, there are over 1 million properties listed on Airbnb with 5 million reviews to help you find that perfect spot. And if you want to launch your own business renting out space, it doesn’t take much more than one room and $100 dollars per night to get started. Look no further than here for some inspiration.
Facebook is an extremely powerful platform that’s ripe for monetization. The social network has more than 1.3 billion users (yes, billion with a b) and is open to businesses of all sizes. Facebook marketing can be used for brand awareness, lead generation, customer service, community building, or website traffic; or in conjunction with other digital tactics such as SEO and email marketing to increase inbound leads.
A business with a well-built Facebook page will also have access to Instagram and WhatsApp—which can be excellent ways to build your following and drive engagement. It’s not easy, but it’s possible. And if you know what you’re doing, it can pay off big time down the road. For example, some experts say having just 100 fans on Facebook could earn you $100 per month based on typical CPC advertising rates.
If that doesn’t sound like much, consider how many hours you’d need to work at minimum wage to make $100! Of course, we don’t recommend getting started by buying fans (that’s against Facebook’s terms), but it goes to show what kind of potential earning power a solid fan base could give you on one of these platforms. For example: How does $1 million per year sound?
4) Air BNB
It’s hard to imagine anyone could have predicted Airbnb’s success. But, its founders had a pretty good idea they were onto something back in 2007. At that time, they had more than 100 hosts using their site who rented out accommodations to people visiting San Francisco—and made a combined $40,000 over one year. It might not seem like much now, but it was enough to persuade them that there was potential for even more success if they continued working on it.
And, of course, they did. Now, Airbnb is worth an estimated $31 billion and has 3 million listings in 191 countries around the world. The company is so successful that it has changed how we travel and how cities are built—all because two entrepreneurs believed they could make money renting out space in their homes when they weren’t using it themselves. (Forbes)
Facebook bought Instagram for $1 billion in 2012, and since then it’s only continued to grow. The app has more than 400 million users and has been consistently adding new features, like Boomerang and stories. Boomerang lets you create a GIF-like video that plays forward and backward; it can be used to document anything from your dinner to a night out on the town.
Stories are photo or video collections that expire after 24 hours. And they’re all integrated into one central hub where you can send them to friends or post them publicly. It’s even easier than tweeting your selfies! No wonder Instagram is still growing by leaps and bounds—and it doesn’t look like anyone will catch up anytime soon. In 2016, about 80% of online adults were using social media regularly.
This means that if you want to reach your target audience—which is increasingly younger—you have to have an active presence on social media. And if you want to reach millennials? Well, they’re leading social media use with 92% reporting they’re active on at least one platform every month. With that in mind, here are 10 successful businesses whose origins began as simple apps
WhatsApp is an app that lets you send text messages and place calls over a Wi-Fi or data connection. Using it as your default texting app can save you loads of money, especially since it’s usually free (though you will have to pay $1/year for service). It’s particularly useful when traveling since you can use it to make phone calls in foreign countries at no extra charge.
There are some limitations on its use (for example, its new voicemail feature doesn’t work for everyone), but these are minor costs compared with what WhatsApp can save you if used correctly. It also offers encrypted communication that won’t fall into prying the government’s hands. The app is available for Android, iOS, Windows Phone, BlackBerry 10, and Nokia S40 phones.
7) Candy Crush Saga
Candy Crush Saga has been downloaded over 10 million times, and was downloaded a whopping 4.5 million times in 2013 alone! With all of that free ad exposure, it’s hard to imagine that King hasn’t raked in profits into billions yet. There’s a reason Candy Crush Saga is one of the most successful games on mobile devices — its simple enough for anyone to understand.
But complex enough for people to keep coming back for more (even if it is just so they can yell at their Facebook friends who are better than them). Not only is Candy Crush Saga generating revenue from its in-game purchases, but it’s also making money from brand partners like Disney, who run exclusive levels and offer themed candies based on their TV shows and movies.
8) Tesla Motors
The electric car company is worth billions of dollars today, but it didn’t start out that way. Elon Musk used loans from friends and family to get Tesla off of the ground in 2003. Though Musk had a successful track record with PayPal, his two previous businesses were both outright failures. Today Tesla has an estimated 80% market share in electric vehicles worldwide, and it’s pushing companies like General Motors to innovate faster in order to compete with its bold moves toward autonomous cars and ride-sharing services.
How can you be more like Elon Musk? Use his story as inspiration to follow your own gut when others tell you that something isn’t possible. Musk believed that electric cars could work despite much evidence suggesting otherwise.
He also believed in Tesla enough to put up his own money for a business he hadn’t started yet—not once, but twice! Even if you don’t have millions at your disposal, putting your own money on the line shows confidence and commitment, which will inspire others around you (and potential investors) to believe in your vision too.
9) Starbucks Coffee
According to legend, coffee-obsessed Starbucks founder Howard Schultz was sipping a particularly delicious cup of joe in Milan when inspiration struck: He would bring Italian coffee culture to America. It worked—Schultz’s Seattle-based Starbucks Coffee Company is now one of the most ubiquitous brands on Earth, with thousands of locations throughout North America and more than 20,000 worldwide.
The formula for Starbucks’ success is simple: While competitors like Dunkin’ Donuts offer customers different flavors of coffee (mochas, macchiatos), Starbucks offers none—it’s all about that classic cup o’ joe. We’re not trying to be everything to everybody, says Schultz. We’re trying to be nothing but coffee. And it works. Since its founding in 1971, Starbucks has grown into a $15 billion company with sales of over 3 billion cups per year.
This microblogging site has revolutionized communications in modern society, from presidential politics to your personal life. Thanks to its 140-character limit, you don’t have to be a writer or use flowery language for anyone to understand your thoughts and ideas.
In addition, Twitter gives any business or individual easy access to millions of people across the globe for absolutely free. The sky’s truly the limit with Twitter when it comes to improving your brand recognition and establishing yourself as an expert or leader in your field. What are you waiting for? Get tweeting!
Also Read: What is the Best Business For 2022?
This list should give you a taste of what’s possible. While it’s important to have a well-formed idea, it’s even more critical to executing on that idea with diligence and attention to detail. The Internet has no shortage of clever ideas.
But few are able to survive in today’s dog-eat-dog world. It takes hard work and passion for your chosen niche to make a business succeed, so set yourself up for success by being passionate about your idea from day one!