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Do you think it is possible to earn one million in a year? Yes, it is definitely possible. You would probably think that you have no money. It is not a problem at all. Nevertheless, there will be some challenges that you might ran into in this smart quest. The first difficulty would be the time constrain. Earning a million US dollar in a year would certainly take time and energy!

There are a lot of successful hardworking people who have been able to legally earn a million US dollars and above within a short spin of a year from investing in different small business ventures and also from other passive income streams. One trait is very common among such people; they are always ready to take the necessary calculated risk involved in the business venture and they are ready for the adventure. In business, it is a fact that, if you are not willing to take some calculated risks and you’re not able to do risk management, you are likely not going to make your first million US dollars in a year unless and until inheriting it from your parents. That’s the formula.

Take some calculated risk, invest in high ROI businesses and manage things in a professional manner. This is it! You are good to go!

The fact that hard working entrepreneurs make millions from the scratch in a year does not mean that the money comes easy; you would have to be rightly equipped with the best skills set and in most of the cases good technical training with that. If you are well trained and well educated, you will not only make a million US dollars from the scratch, but also you will be able to re – invest a million in order to continue to earn steady income from your investments. One thing to remember, the businesses you are involved in must have high ROI (Return on Investment)

Let’s know about the best business ideas and top practical ways an aspiring entrepreneur or investor can make a million US dollars in one year. I believe in you and you have got all the skills, time and energy.

How to become a millionaire? Top 20+ Ways to earn a million dollar in 2017!

Let’s have look at these ideas! The most important things are highlighted. 

This post is going to be wordy! If you are interested in small business ideas with very small amount of investment then please refer to our post Small Business Ideas for Men

#1 Forex Trading Business

Do you know what it means when someone say it is risky venture? If yes, that is great. Although Forex trading is a highly risky business but it is one of the fastest and easiest way of making a million US dollars in one year. The true fact is that, if you are smart person with great decisions power and you are able to effectively learn how to trade Forex perhaps from dummy trading platforms, you can start a successful trading with minimal cash and build it to a million US dollars in less than a year if you are careful and tactical in your trading approach.Read how to Minimize the risk in Forex trading.

Who should start Forex trade business?

If you think you can start this venture, you can do it! People with the following traits will definitely be successful in this Forex trading business;

  • People with Critical thinking and great natural decision powers
  • All the People who can smartly calculate the risk and manage it.
  • Those who have big hearts and have no fear of loss!
  • Winners are those who learn every single day. So Learn!

#2 Business in the Oil Industry can earn you a million in a year!

One of the wise decision you can make would be oil industry business. Investing in the oil industry is another practical way that a serious business minded aspiring entrepreneur or a wise investor can legally make a million US dollars in one year. You would need a good upfront investment for this business idea. There are a lot of investment options that a wise investor who wants to make a million dollars from the oil industry can explore. All you have to do is to talk to the top business consultants in the oil industry to give you the various investment options available. They have a lot of experience. They shall be helpful. For instance, one of the good options you have when it comes to investing in the oil industry is the sale of crude oil. It really is worth trading idea!

Who should do it? The following business minded people should work on it ;

  1. Who have a good amount to invest.
  2. People with ability to work hard and work a lot!
  3. Those people who have industry experience.

#3 Invest in Stocks and Bonds But Carefully

This yet another very interesting idea for earning quick money. Of course, you should be optimistic about the earning in this business. All you need to do to achieve your goals is to get enough start – up capital (investment capital) and then work smart and hard! Having meetings with professional and those who have experience is very important. Some of the training would be really nice for this business idea. The truth is that you can actually make more than a million US dollars if you are able to invest in the right stocks and bonds at the right time when the market forces are all positive. Investing in a timely manner is very important. For Prediction about Stocks Read this Business Insider Post.

Who should do it? Those who have these skills.

  • People with great research and analysis skills.
  • Those who are aware of market rise and fall.
  • Who can predict something big coming in future!

#4 Investing in Gold – Good Business

Another practical way an aspiring entrepreneur can legally make millions of dollars in one year is by investing money in gold. Experience and observation tabulates that over the years, gold is one of the finest form of investment that hardly crash in the market. The value of gold has the potential to always experience positive growth and if you are lucky to invest in gold at the right time when the market value of gold suddenly experience a positive surge, you will for sure know how to make a million dollars and how to become a millionaire in one year if you are smart enough to invest with the appropriate capital in timely manner.

People with experience should be consulted before jumping into this business. Right time is very important!

#5 Investing in Silver 2017 or Buying Silver … Yes, Yes!

It doesn’t seem to be the wise decision but when it comes to reality it is going to be one of the most important business just like gold. According to the US stock exchange, Silver business is profitable and the positive peak is just amazing!

Just like diamond and gold, investing in silver is very practical way one can legally make a million US dollars in one year from the scratch. After one single positive peak, you shall be teaching people how to become a millionaire overnight. All you need to do is to know the right time to invest in silver and the right amount to invest and if you get your important calculations right. Why investor should look into Silver business?

Things to care about;

  • Right time good decision making
  • Right amount investment
  • Patience
  • Market Research and Analysis
  • Prefer Experience over luck! Make calculated moves.

#6 Invest in Real Estate in 2017 – The best ever investment!

This is a business venture that can make a difference in a few months! Why to invest in real estate? Because;

  • Gain more leverage & High ROI
  • It’s a Less Tax Business
  • Good Cash Flow

This is an idea that can make you a millionaire overnight! Real estate is a solid traditional business which require great decision power and start-up investment. How that works?  For example, you can buy a land property in the month January and sell that same landed property within three months and make your cool million US dollars with a very little or no stress at all. This is perhaps one of the surest means of becoming a millionaire in a year especially if the value of the landed property or facility is on the high side.

What do you need? The following entrepreneurial and millionaire skills …

  • Start-up Investment
  • Experience and training
  • Decision Power and Skills
  • Great Communication Skills

#7 Start Diesel Supply Business (Region Based)

What it means to be an entrepreneur? Take calculated risks, make wise moves, and turn the table! Regional oil and diesel supply business can earn you a whole lot of money to make you a millionaire in a short time. Anybody working on this idea can make a million US dollars in one year from the scratch! The truth is that you must be willing to work hard and smart if you intend earning a million US dollars from the supply of diesel.

What are the requirements to start diesel supply business? The followings …

  • You must be willing to work hard and smart
  • There must be upfront money to invest (Start-up Capital)
  • You should know about the competition and competitors weaknesses

The return on investment is good. You can become a millionaire in a very short span of time if you work on this supply chain idea!

#8 Become an Independent Government Contractor

Commonly known as self-employed or independent contractors are those working individuals who are usually hired to complete a particular job, receiving payment only for the work being completed. Independent contractors are business owners not employees of government. This is one of the coolest way to earn a lot of money throughout a year is to get government contracts!

If you are a government contractor and you are able to secure a good profitable contract from the government of your own country, you can be rest assured that you will count your first million US dollars in a year – especially if it is a contract that you can start and complete within year. This is how to become a millionaire within a year.

Benefits of Independent Contracts:

One good thing about these government contracts is that you might not need to finance the project with your money; you can serve as the middleman between the government and the company that will do the job. This is called the right strategy for becoming a millionaire in 2017!

Skill required are the following …

  • Great Communication and Management Skills
  • Link building and Time Management
  • Experience, Accuracy and Great Portfolio

#9 Invest in Natural Gas

Investing in natural gas is one of the wise decision, the usage of natural gas has been increased up to 7% last year and the trend is expected to be continued. This idea can make you a billionaire in a very short time. All you have to do is research on this idea and choose from where to start.

The natural gas industry has been a great employer of a lot of people around the globe and will continue to be an industry where multi- millionaires keep on emerging. Although, it requires huge capital to invest in this industry, if you look at the result most players in this industry get as return on their investments, you would want to do all it takes to own an investment portfolio in this industry. Whoever wise has stepped into this business has been a successful businessman. Learn more on forbes

#10 Start a Car Dealership Business

Car dealership business is yet another cool idea for entrepreneurs to become a millionaire in one year. This is how good ideas work, if you are able to establish a good car dealership business in a populated area then you are all set for earning millions.

There are two parts of this idea. One is the offline business of car dealership and an online website and social media marketing. This also applies on the other ideas but for this one, it is really important.

Skills required for this business venture are communication skills, marketing and research. It would be really helpful to get some training before starting this venture. This is one of the good way to plan how to become a millionaire.

#11 Become a Sports (Football) Scout / Agent

coaching business ideas; how to become a millionaire
Sports Scout

One of the most important business venture is sports business. It has been there for years making people millionaire and billionaire as well. How to monetize and optimize this sports business? You must know about social media marketing. Although you might have to work pretty hard to discover talented footballers and also to market them to topflight football clubs in Europe like Real Madrid FC, FC Barcelona, Arsenal FC, PSG, Manchester United FC, Chelsea FC and Bayern Munich FC et al. The truth is that if you are lucky to get these teams to sign a handful of young football talents from you, you are likely going to earn at least a million US dollars from the deals. This isn’t end of the earnings! A single deal with these clubs can earn you millions of dollars.

How to become a Sports Scout?

You should at least get some training and a little start-up investment to start with. Great Sports, Business and Management Skills are required! Know more about requirements 

#12 Start an Export and Import Business

Starting an Export and Import enterprise is yet another realistic way which can enable you to earn millions and become a millionaire overnight! There are hundreds of stuffs that you could start exporting from United States and there are also hundreds of nice stuffs that you could import from different international locations into your US. All you need to do is to conduct an intensive market survey and feasibility studies to recognize the products that you could begin exporting which can yield the type of returns which you need.

This idea requirement is great business and management skills. Travelling may also be involved in this venture.

#13 Sale of Medical Equipment

This is one of the most important field with less competition. In most international locations of this arena, entrepreneurs earn tens of millions dollar from the sale and supply of medical equipment. The fact is that, a number of these scientific devices and equipment may be pretty expensive and if you are able to supply approximately a hundred of such gadget within a 12 months, you’re probably going to earn one million from supply and sale of scientific devices and other medical equipment.

#14 Start a Construction Company

Starting a construction company is yet another good way of earning money. It is kind of start-up that requires high venture capital and it is very difficult to manage it. Of course, one of the most popular businesses in today’s world in the construction industry is to register and start your own construction company.

One thing is certain, surviving in the business world as a construction company requires more than knowing how to deliver standard projects, but also how to network with key people that matters; decision makers that can decide who a project is giving to and all that. So, if you are a civil engineer, a structural engineer or a profession in any related field and you are looking for a business to start, a business that you can earn a million US dollars from within a year, then you should consider starting a construction company!

#15 Open a Filling Station

Opening a filling station is a great business idea and a practical way that can earn you a lot of money. Just ensure that your filling station / chains of filling stations are in great locations on a busy road of a very populated city so that customers come 24 hours. With this idea you can earn millions within a year! Great business management skills and some initial training is required for this venture.

#16 Start a Law Firm

Starting a law firm is yet another great way to become a millionaire in one year. The services of lawyers are needed in walk of life. Statistics shows that in the United States of America, there are about 165,000 law offices and they generate about $180 billion in annual revenue. They can teach you how to become a millionaire!

These statistics shows that starting a law firm is indeed a thriving business in the U.S because there is a large market for such business and the industry provides a lot of job opportunities for lawyers and other professionals.

Experience, some training and management skills are required for this venture!

#17 Start an E-commerce Business

It is the age of technology and internet. If you’re not using internet for your business, you’re lagging others. Starting an E-commerce Business can bring you a lot of money. It is very easy to build an online business but it’s difficult to maintain it for a long period of time.  As an aspiring entrepreneur, starting an e-commerce business is a one of the great ways to successfully launch an online business that can gain recognition on a wide scale with minimal resources with least expenses. The fact that the internet is a global village makes it easier for e – commerce businesses to reach out to a wide market scope.

The best thing about this business is high return on investment and it’s cost effective. The more you invest, the more you earn. Building an online market place isn’t easy but once made you are for sure become a millionaire within a year.

#18 Start a Solar Panel Manufacturing Company

Starting a manufacturing business can bring you handsome amount of money and you can become a millionaire within a year. It is a wise start-up idea to start a solar panel manufacturing company. Solar panel is rapidly gaining a very huge market acceptance all over the globe simply because of how effective and useful it has become to most people. This one of the simplest way to get natural energy and use it. Solar panel is simply a device that helps convert sunlight into electrical energy and stores it for use. There are a lot of areas where you can use solar energy and that is the reason why a lot of inventions that is being powered by solar panel (energy) keep propping up all over the globe.

#19 Sell Arts and Crafts

Let’s discuss one of the finest business idea in arts and cultures. Selling of arts (paintings) and crafts is a very good idea to earn some quick money. This is kind of business you can earn billions instead of millions. If your arts goes viral over internet, you’re already a millionaire overnight. This is possible especially if you sell dozens of expensive artworks (paintings) and crafts within a year. So, if you are looking for a good way to earn a million US dollars in one year, then one of your options is to start selling artworks and crafts.

This requires some good experience of arts and management skills. Market your arts on internet and double your earnings.

#20 Start Crude Oil Shipping Company

If you have some interests in the oil and gas industry, you will know that it is safer and very economical to transport crude oil from an oil field to a refinery especially if the two locations are far apart. This is kind of long term investment. So, if you are a big time investor and you are looking towards owning a business portfolio in the oil and gas industry, this is the right business for you and the best of options is to start a crude oil shipping company to become a millionaire in short time.

Of course this type of business venture is capital intensive but the truth remains that it is a cash flow business. Before you become a huge player in this industry, you would need to acquire the required license and permits from the required regulatory authority before you can be allowed to start lifting crude oil from one place to another. It is an industry that is regulated because of the activities of pirates and crude oil bunkers. This is a great way to become a millionaire by having long term business!