If you’re looking for the best jobs that pay $20 million dollars a year, you’re certainly in search of jobs that cost a lot of money to start up.
$20 million dollars is a boatload of money, and to make this much money in a year, you really need to do something everyone else isn’t capable of doing, or willing to do either.
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Jobs paying $20 million dollars a year are luxurious jobs and mostly don’t flow the salary line.
That is, the job practitioners or participators don’t get paid salaries, they’re the boss at whatever enterprise or business venture they run.
And a vast majority of the millionaires earning $20 million dollars in a year are self-employed business owners.
If you want to join the league earning $20 million a year, here are some of the jobs that can pay you up to this huge stack of money annually.
6 Best Jobs that Pay $20 Million Dollars a Year.
1. Blogging.
Can blogging make you $20 million dollars a year?
The truth is, it can.
Several blogs over the years since the beginning of blogging on the net came in to form a sensible concept have transitioned from just blogs to multimillion dollar publishing companies.
A great example is HuffPost by Ariana Huffington, a blog worth over $300 million dollars right now.
It’s much more than just an ordinary blog, but HuffPost is still a blog publishing thousands of articles monthly.
So, one of the easiest ways to turn blogging into something or a business that spills up to $20 million dollars a year is to take it as a business.
This means, you’ll need to invest in content and hire a ton of writers to scale the content production process.
You also want to write or publish thousands of quality contents every month to quickly get to the top since more than half the blogs online don’t average 100 posts a month.
The idea is to publish more content not by yourself if you’re looking to make $20 million dollars a year.
The more articles, quality articles, you have out there, the more search terms you’re going to rank for and the more traffic you’ll get. It’s simple.
To make $20m/year blogging, you want to take it up as a serious business, and not just a hobby.
For sure a personal blog can get you to $10k/month and $100k/year, but to hit $20 million dollars a year with a blog, there’s gotta be more than just you and your cubicle involved in the entire blog growth procedure.
To start up your blog today if you already haven’t started blogging yet, checkout my free guide to getting a (free) domain name and hosting your blog for just $2.95 on Bluehost.com.
2. Software development.
Just by building multiple softwares or just one powerful and useful software, you can make a pile of money (even much more than what we’re looking at).
It’ll cost you capital to not only build a software, but to promote it and make it generate money for you.
It sounds pretty good, but you need to work with skillful computer software developers to start with.
So basically, the first thing you want to do is to come up with an idea for your web or mobile application/software.
It could take a while to come up with an idea no one has explored before, but you will eventually.
After coming up with an idea for your software, get a freelance programmer on Upwork.com to code it into reality.
Good programmers charge anywhere from $40/hour on Upwork, but it’ll be worth it.
When that’s done, you want to make sure your software has a great user experience, so hire a UX designer on Upwork to give your software a gentler user interface.
When that’s done, it’s high time you monetize your software in whatever way.
If the monetization strategy is going to be inbuilt in the form of charges or fees for services, then that’d be okay.
You can use Google Ads on your software too if there’s no inbuilt earning system already.
After that, you want to advertise your software and partner with public figures to get more signups or usage rate on your software, which would translate to more revenue for you.
3. Stock trading.
By trading stocks, you can make up to $20 million dollars a year.
But you’re not going to be trading with $1k or even $100k.
That’s kind of a blow because you’ll need much more than $20m in capital to start trading in your first month if you want to make up to $20 million dollars a year.
First of all, you’ll need to learn to trade the markets. Become a trading expert before trading with real money, or a lot of money.
4. Ecommerce business.
Ecommerce is a form of online business where you build a virtual store, and sell products on it.
Just like Amazon, ecommerce stores can turn your life around if you own one or more of them.
It’s one of the best and most rewarding self-employed jobs that can pay up to $20 million dollars a year.
Before starting an ecommerce business, you want to make sure you know exactly what you’re going into.
You want to define your scope of business and what your store will be about.
Is it going to be an ecommerce store for digital content sales or physical items.
If physical, how would you manage inventory and what method of payments would be available.
What particular product category will your ecommerce store deal in and how do you intend to handle customer service?
All of these questions and many more are primal to setting up a full-fledged ecommerce business that generates money.
You don’t need to be a stupid good computer programmer to own an ecommerce store.
Plus, you don’t even need to work with one to build an ecommerce store.
With Shopify, you can set up a professional ecommerce store in minutes.
It’s now so easy that it costs less money, time and effort to build a platform online that retains the potential to make you a lot of money.
5. Fashion enterprise.
A lot of fashion firms today generate over $1 billion a year.
Realistically, coming up with a fashion brand isn’t a bad idea in any of the worlds other than earth at all.
Maybe you don’t have to look at making $1 billion mark just yet, but if you launch a fashion brand today, you’re likely to generate $100k or $100m in your first year depending on how you channel in enough funds to propel your brand’s exposure.
Fashion brands are all over the place for real, but there’s still a lot of room for new and emerging fashion firms and trends.
This means, you have a great chance at pushing your fashion brand out there with a high success rate.
So, when looking at a business like this, you want to give your brand a name that’s just cool and epic (or legendary) – the kind of name that’s easy to remember, and sounds really cool.
Having a name is important, but it’s one of the many procedures required to launch a registered fashion brand.
To push your brand, engage in influencer marketing, and run frequent ads on social media.
You can also create an ecommerce platform for people to place orders for your products.
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6. Real estate.
Real estate is one of the most profitable and scalable ventures you can delve into if you’re looking for jobs that pay $20 million dollars a year.
While you can start with $0 as a real estate agent, you’ll need a lot of money to get started if you want to start earning up to $20 million dollars a year quickly.
Nature has it that there’s no shortcut to success.
So, no need to rush, just enjoy the process.
Build your contacts as a real estate agent, start a real estate agency and begin working with real estate buyers/sellers to secure profitable deals.
As a realtor, you can do a lot of things to make money.
But if you’re starting out with $0 or very little money in the bank, you can start earning some money from connecting real estate buyers to sellers.
With time, you can get into the business of flipping houses as a real estate agent which will definitely earn you a lot of money.
6 Best Jobs that Pay $20 Million Dollars a Year – Final Words.
While $20 million dollars won’t make Bernard Arnault skip on his toes or scream for joy, it’ll not only change the life of your family, but your neighbors too who’ll enjoy the benefits of living next to a millionaire.
That said, this list contains the best and realistic jobs that pay $20 million dollars a year.
From business blogging to building softwares, you’re sure to make several millions nurturing a side hustle or an entrepreneurial enterprise from grassroot.