4. The Wacky Wall Walker
Ken became very fascinated by how the toy seemed to walk down a wall when it was thrown. He decided to buy the legal rights to own the design ($100K) and began marketing the product in Washington D. C. At first his sales gradually increased, but when an article from The Washington Post came out, the product became one of the biggest marketing fads of all time.
Estimated profit: $80M
3. A site worth a million dollars
One day, Tew created a home page with 1 million pixels and sold $1 per pixel for various advertisers. After almost a year, the site’s pixels were sold out, and this style of advertising was adapted by hundreds of other sites.
Estimated profit: $1M
2. Luck is scarce, so why not commercialize it?
However, not everyone gets to break a wishbone during Thanksgiving. In 1999, Ken Ahroni was celebrating Thanksgiving with his family when his sisters began squabbling for the lone turkey wishbone. From there, he got the idea to make plastic wishbones, because “everybody needs a lucky break.”
Estimated profit: $2.5M per year
1. Ice candy, anyone?
The couple started their family when they were college freshmen, and eventually left their studies to provide for their needs. In 2011, they began struggling and their daily expenses continued to pile up. Instead of spending their remaining P20 on something else, the couple bought 100 pieces of plastic bags, made ice with them and sold them for P3 each. With a profit of P300, they began making ice candies for their neighbors in the community.
Eventually, their efforts paid off and the ice candies reached several schools and groceries. They now have their own ice candy factory plus 40 ice candy refrigerators across different schools in Antipolo.
If their million peso feat using a humble P20 does not convince you, they were also apparently featured in a news article just last year.
Estimated profit: P450K per month
No matter how ridiculous, stupid or far-fetched you think your business idea is, it wouldn’t hurt to try it out. If it pays off, however, you’ll have to take even bigger risks because those risks may open more opportunities later on. It’s never easy to stick your neck out, and the people mentioned here literally went through hell before earning their first million, but they are proof that making it is possible with the right crazy idea. Who knows, it might just work.
What do you think? Did this give you a million dollar business idea? Sound off in the comments below!