What are the most scalable business ideas? Scaling a business should be easy! If it’s not easy to scale a business, then it’s not a good business to start. There are many more scalable models available today than previously, simply because of the internet. The internet has made a scalable business model much more possible and available. Today, anyone can access a scalable business model, and work it from their laptop from anywhere.
Most Scalable Business Ideas
So what are the most scalable business ideas? Before we get into that, let’s look at a business model which isn’t easily scalable. Unscalable business models have things and people in the way. It’s much harder to scale a business when you have a physical store, staff and equipment. To make more sales you need to automate! Large stores do scale up however, but it is usually with franchises that they do so. Selling a reapeatable business model means working business models can scale up without doing everything locally. If you’re not able to create a franchise from your business, it could be limited by lack of automation.
Local Store Front Shops
A local store, for example will always be limited by its locality. You can’t pick it up and move it to a larger city, and there’s going to be a limited amount of people who find it convenient to shop there. Increasing the size of the business might involve building on the store or moving to another larger premesis. This is costly and certainly not easy. Likewise with members of staff as you grow your team of employees.
To grow a small business which involves serving people personally, you need to invest in new staff members, maybe new cash tills and counters. This doesn’t make scaling easy. Plus you still have a limited number of people at a local store. For larger supermarkets you can already see how they are able to scale up with their new automated cash tills. Automated tills in supermarkets is one example of what’s needed with the most scalable business ideas. Larger stores can offer more to customers so will pull customers from a larger area. Big chain stores tend to have the market share here too.
Personal Fitness Based Businesses
Yoga, or Pilattes instructors, fitness instructors and small ‘fitness’ based businesses sound perfect. You get paid to keep fit, follow your passion, teach and help other people get fit too. However, when you look at the business model, it can often take a long time to get trained, especially with something like Yoga. After all that training you effectively have a ‘job’ which you own. That’s a lot of work to get to a position where you still trade your time for money.
It’s not a scalable model either because you can’t put someone else in charge very easily. People are paying for your expertise. Any model in which you are ‘stuck’ in a role within it, isn’t a good scalable business model. A scalable model is something which can run by itself.
Puregym, the 24 hour chain fitness business in the UK, has a scalable model. It’s mainly automated and there’s a minimum of staff needed. Plus, members pay online and access gyms viaÂ automated turnstyles with a PIN number. However, the kind of business model with business premesis, staff and equipment is still expensive to start.
Peter Roberts, founder of PureGym also suggests what might be the future of fitness: â€œIf you donâ€™t want to come into a gym, eventually we will be able to stream something into your homeâ€ . If this because a reality, there would be no need for actual physical gyms at all. It would also be one of the most scalable business ideas – simple sell membership over the internet and download automatically. A business model which is already being used by online entrepreneurs.
Going Digital – Built On Automation
If a business is built on automation, it makes it much more scalable. An online business, for example is one of the most scalable business ideas. It’s built on automation. With the right business model there are no business premesis, staff or local limitations built in. An online business can reach a global audience and is incredibly scalable. You can also operate an online business from anywhere from a laptop, making it incredibly flexible and versatile.
Digital products have already put certain businesses ‘out of business’. Take the trend in online streaming and the ability to download films from the interent. This trend is going to continue. It’s cheaper, faster and much more convenient. Even food shopping can now be done online and supermarkets are delivering straight to your home. Ebay and Amazon offer products far cheaper than in many high street shops and deliver to your home. Almost everything can be bought from a smart phone and delivered to your home!
Online Business Ideas
With the growth of instant online products comes the growth of online businesses. The idea of being able to build a business from your laptop is an exciting one. It can give you freedom from a job, flexibility of working hours and you can work from anywhere globally. It’s no wonder so many people are working on an online business of some kind. But what are the most scalable business ideas online?
Ebay and Amazon both offer business opportunities for anyone with a laptop and internet connection through their affiliate marketing platforms. By promoting products on their websites you can earn commissions based on the sales you make. Ebay is also a platform for multiple business opportunities. This article describes a simple strategy:Â how to start a profitable ebay business. But this method isn’t easily scalable. Which of these opportunities are the most scalable business ideas?
Most Scalable Business Ideas
Scalable online business ideas are built on automation, can deliver products globally and allow you to scale up with pay per click advertising. They also use email marketing to enable them to scale up massively. Email marketing allows an online to collect emails and market digital products to a continuously growing number of potential customers. Emails can be sent out automatically to thousands of subscribers at once. Products can be purchased through emails and delivered automatically and instantaneously. All of this can be done with an online digital business.
Affiliate marketing is the model which allows anyone to earn commissions from the sale of other people’s products. This model lets anyone earn from websites like Amazon and Ebay, for example.
Digital Ecommerce Growth
Digital sales continue to grow as you an see in this chart. It’s a trend which isn’t going away! That’s why now is the perfect time to start an online business. The best online businesses have a scalable business model which includes:
- Subscription products – Subscription products allow you to earn again and again from a single sale.
- High Ticket Products – Larger valued items let you earn higher commissions for a sale. This helps both with scaling a business and to offset advertising costs more easily
- Up-Sells – The most scalable online business ideas also offer to pay affiliates for later sales closed by the company. Referring customers to Amazon for example, won’t let you earn commissions for the lifetime of your referred customers. Choose products which do for your online business.
- Built in sales team – closing sales on your behalf. You (as the affiliate) simply refer customers to them.
- Multi-tier sales – Multi-tier sales are available depending on your position in an online business system. With multi-tier sales you can earn from sales of your team – (multi-level marketing).
Learn how you can build your own online business using all of these commission benefits. Access an online business platform and education program here.Â
Most Scalable Business Ideas Online Advertising
With the most scalable business models, online advertising comes into its own. Advertising platforms like Google’s Adwords, Facebook, Bing , Yahoo and the many other platforms available online all have two things in common:
- Anyone can access them
- They are scalable
Starting out with a simple basic advert you can eventually reach thousands of potential customers, just by increasing your daily spend. However, you shouldn’t do this unless you have done some testing and measuring of your campaign first.
The online marketers who spend thousands every day on their advertising budgets didn’t start out doing so. Initially they began with a tiny budget and tested and measured their campaigns. Once they saw a tangible return on investment, they knew they were in a position to scale up.
With the right business model – automation and digital products, there is no ‘one’ in the way of scaling. The products can be delivered automatically and payment is taken through a secure website payment platform. Without automated checkouts and delivery, scaling isn’t a problem. Firstly though you need to test and measure your advertising. once you have a profitable model, simply turn up your spend and turn up your profit!
Access my ebook The Ultimate Guide To Online Marketing to learn more about paid advertising online.