Making money is tough, but if you have a business idea geared toward the rich, you may have a shot at becoming rich yourself. Everybody wants to achieve financial freedom, but only a few have the business idea–and the guts–to start turning this dream into reality. While hundreds of businesses start with minimum capital, there are others that have a pocket full of cash but lack the idea to make their business click. The following ideas are outright luxurious. If you have money to spend, these business ideas may work in your favor:
1. Offer red carpet services
Often meant for the elite, a red-carpet service will include different individual elements such as event planning, professional emcees, ushers, and valet parking – all packed in one. However, you need to have good contacts with business owners hosting trade shows and special events. Remember, red carpet services are used for high-class events, and if you can establish your name in the industry, you have an excellent shot at gaining repeat clients.
2. Rent out luxurious cars
Car rental services are common, but you can take it to another level by renting out luxurious cars at affordable prices. People who’ve always wanted to ride in a luxurious Lamborghini or a Bentley have luxury car rental options to drive in the car of their dreams. On the other hand, wealthier clients who don’t want to use their car while on an outing can still indulge themselves by using a premium car rental service. Although the initial capital required is high because you must buy many luxurious cars, the returns prove to be massive and quick. You can charge a fixed sum for a car or provide hourly rentals.
3. Sell specialty rugs
Rugs are a symbol of class. They have an innate beauty that seems to draw in rich people to specialty rug stores. Since you already know the type of customers you will deal with, paying attention to the rug quality proves more beneficial. Affluent customers are fond of quality rugs, and they will keep coming back if they like the touch and feel of the rugs in your selection. You can strike up a deal with a foreign supplier who will provide a variety of Indian, Persian, and Oriental rugs and carpets. Don’t forget to calculate the duties and taxes payable. This business idea will involve high initial capital because the suppliers often require bulk orders to build trust.
4. Interior decoration
Wealthy people have plenty of money to spend on decorating their houses. Starting your own interior decoration company puts yourself in a position to embellish the homes of rich people. If you have a creative flair and artistic abilities, interior decoration is a great way to do what you love while earning money. But make sure you have certification because most clients are picky, and they like to work with certified interior decorators. You need to have resources to source designer furniture and fixtures. Since you will be working for posh clients, standard fixtures may not do the trick.
5. Auction antique objects
In addition to designing their own homes, some rich people are interested in buying antique objects as collectibles. Whether it is a 17th-century coin or a table from The Renaissance, these timeless classics are worth fortunes. You not only need excellent sources to find these objects but also prove their authenticity to the customers. If you can succeed in doing these two, you can expect to turn in massive profits in no time.
6. Start a tanning salon
Probably an out of the box idea but starting a tanning salon can work both for the rich and the not so rich people; natural sun tanning takes a lot of time, and too many people are busy these days with work. That’s why artificial salon tanning has become widely popular. Starting a tanning salon does not involve a considerable capital like renting out luxurious cars or selling antique objects. However, you need to ensure that people in your area are interested in artificial tanning. This might be a growing trend, but your business location will be crucial to deciding your popularity and success.
With so many business ideas out there, you’re spoilt for choice. So, make the most of your money by trying one of these ideas and starting your journey toward financial freedom.
This content is sponsored by Jim Bevin.