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Cricut Subscriptions, Lucrative Chrome Extensions & AI-Driven Designs: 5 Ideas For $10M+ Businesses, Still Viable in 2024/2025.
You’re about to unlock five, $10M+ business ideas, that are still viable in 2024 (and beyond). You’’ be leveraging AI & LLMs to the benefit of your profit margins and low startup/bootstrap capital expenditures.
Business Idea #1: Cricut Subscriptions & Materials
- Concept: Sell a subscription service offering unlimited designs for Cricut machines, which are popular tabletop CNC machines used by crafters.
- AI-Generated Designs: Utilize AI to create SVG files (designs) at scale based on popular keywords.
- Market Testing: Ran ads targeting Cricut enthusiasts, resulting in downloads costing less than $1 each.
- Customer Acquisition: Build a customer base by offering free design bundles and upselling to a subscription service.
- Recurring Revenue: Transition customers to a recurring subscription for unlimited access to designs.
- SEO Strategy: Create landing pages targeting long-tail keywords to drive organic traffic.
- Validation: Already successful companies like Creative Fabrica, which generates around $30 million annually.