Earning $3 million dollars a year is no small money. To make this amount in a year, it means you’d have to earn $250k every month in the next 12 months. Or $62,500 every given week of the year. Breaking it even further, that’s an estimated daily earnings of $9k a day.
That’s a lot of money for a single day. And trust me, more than 90% of the world’s population don’t make $9k in a week (talk less of in 24 hours). But hey! There’s a way to make $3 million dollars a year, and you can get there by starting businesses with the highest ROI in the world.
Starting a business to make money today doesn’t have to happen physically. With the internet, it’s not possible to generate a lot of money (passively and with time), by starting real online self-employed jobs or businesses.
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So if you’re still wondering what jobs pay $3 million dollars a year, here are 7 online and offline self-employed entrepreneurial jobs and businesses that can make you $3m in a year. Before diving deep, don’t expect to make $3 million in your first year.
Time and patience are two of many critical factors to success. If you want to get rich with these jobs, it will happen but only with time (and that’s it you’re persistent all the way).
7 Best Jobs that Pay $3 Million Dollars a Year in Real-time.
If you’re looking for the best jobs that pay $3 million dollars a year, blogging is on the list. There’s no limit to how much money you can make running a blog.
It’s one online business that you can start on the side of your full-time job and slowly build enough money to quit your job from it. But then, making money with a blog isn’t the easiest part of blogging.
Before starting a blog, you need to know exactly what your blog is going to be about. The first step is choosing a profitable niche, and you can do that by picking one of the best niches here:
- Digital marketing
- Make money online
When choosing a niche for your blog, don’t focus on what you already know how to do for your hobbies. If your hobbies fall into a category of niches that aren’t so profitable and don’t have a high market demand, you’re definitely not going to make anything in the long run. Okay, maybe a few bucks from month to month.
The key is to approach blogging like a business, have monetization strategies in mind, and strategies to grow your revenue over time. Next up, get your blog online and start writing contents.
Before eventually getting to write your first blog post, you want to make sure you have a list of good keywords that your new blog can rank for without difficulty. These keywords exist in every niche and are a holy grail for new blogs to get targeted traffic.
The easiest part is starting the blog, and that’s what this guide’s for. To start your blog today and grow it into a passive income engine, read the guide here.
Afterwards, you can stay consistent with publishing great contents, share your posts on social media, write guest posts to build your blog authority for the sake of ranking higher on Google’s search pages, and finally monetizing it to make money.
2. Real estate.
If you don’t have a lot of money to spend in real estate, then you’d have to start from scratch. One beautiful thing about the real estate business is that you can start it or venture into it without any money.
All you’ll need to do at this stage is to connect property buyers to sellers and keep the commission. Sometimes, the commission or agent charge/fee for million dollar properties can range from $10k to $50k.
Well if you’re able to do this 60 times in a year with different properties, you’d become a millionaire. The more property deals you’re able to seal as a middleman or agent, the more robust your portfolio of real estate contacts get.
3. Website flipping.
Flipping websites or website flipping means buying websites and later selling them for profit. However, it’s one of the self-employed jobs that can pay up to $3 million dollars a year.
If you’re a complete beginner, you want to understand how flipping websites work and where to buy websites that you can sell for profit. The best way to make money as a website flipper is to buy a great website with great earning potential, work on it for some time to improve on it’s value, and then sell it for twice or more its initial worth.
Wondering where to buy websites? Flippa.com is a good place to start. It tops the list of platforms to sell and buy not just websites, but online businesses.
4. Crypto trading.
Trading cryptos, you can make $3 million dollars in a year. This isn’t happening with a trading capital of $100 or $10k. I know there are a dozen tutorials out there to teach you to turn $100 or to $100k and $10k to $10 million dollars trading the cryptocurrencies.
In theory, it’s feasible. Practically, you’ll need to trade with a higher capital to make higher gains. This means trading with $100 bucks or $10k won’t get you to $3 million dollars in a year unless you’re some trading guru.
Fact is, you need to trade with a lot of capital considering the reality that you’ll be trading with just about 10% of your capital. So if you start trading with $100 bucks, you take positions with $10. Trading with $10k means you take a position with $1k. To hit $3 million dollars a year, more trading capital is required.
Ecommerce is a great business model and one of the self-employed jobs that pay $3 million dollars a year, and much more. You can make a lot of money by starting an ecommerce store and promoting your store to reach more customers.
In the 2020s, it’s important to leverage on emerging marketing strategies like influencer marketing to boost the awareness of your ecommerce store. So it’s the kind of business in the online world that you can start without coding skills, and with the clicks of a few buttons.
You want to take out some time to plan your ecommerce store before thinking of making it live. Things like the kind of product, payment methods, shipping procedures (for physical products), and customer service should be laid down beforehand.
6. Software development.
If you’re able to build a software like TikTok or Adobe Photoshop, then $3 million could happen in a month from revenue. Making money from developing softwares doesn’t come in handy.
A lot goes into the process of monetizing a software for profit and before this happens, you want to make sure it has a lot of users and offers a rare value to its audience. This is important so it’s difficult for your software to lose steam to other rivals out there.
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Owning a mini restaurant won’t generate $3 million dollars a year. To start a million dollar restaurant, you’ll need to have a lot of money.
But let’s talk about starting from scratch. You can still grow your restaurant from nothing to making over $3 million dollars a year with time. It costs some bucks to set up a restaurant and run it day by day. But it’s one of the self-employed jobs on this list with the highest ROI.
A restaurant business is also one of many businesses that can stand the test of time. This is because people must eat everyday. And the better your restaurant, the greater chance you have at recording a higher number of patrons regularly.
For a restaurant that you’re looking to make $3 million a year, it’ll not only cost a lot of money to start up, but it could take even more time to gain recognition, have an established base of patrons, and become a mega brand.
Starting big, this time can be shortened. This means you’ll be spending a lot of money upfront to build your brand and market your business. If you’re starting small, there’s no escaping the pile of time it takes to grow a business naturally into a million dollar enterprise.
7 Best Jobs that Pay $3 Million Dollars a Year in Real-time – Final Words.
One of the best parts of starting a business like any of these is that you get to learn on the job. Along the line, you gain experience and learn more so it’s easy for you to build more businesses, scale their growth, and diversify your streams of income.
So these are some of the best jobs that pay $3 million dollars a year. If you want to make money, seek to add value instead. Don’t go way over your head with the intention of making quick cash or hitting $3 million per year fast with these self-employed entrepreneurial jobs.
They’re all real businesses online and offline, and there’s really no limit to how much money you can make with them in the long run.