The goal of this website https://explicitfacts.com is to inspire future billionaires.
So, what better way to do that then presents you with some opportunities to achieve billionaire status? There are multiple ways to get there, but we have to warn you the competition is insane because everybody’s racing to get there.
In this new chapter of “Secrets of Billionaire Club”, Team Explicit Facts will try to explain regarding “The Problems To Solve, If You Want To Be A Billionaire” under this article “Business Ideas Worth Billions of Dollars (Part 1)“. These issues are subjectively studied and executed by each and every Billionaire. These secrets have been proved relevant for years, which actually helps a person to turn himself into a Billionaire.
We will try to relate all these rules with real-life examples, so as to help you understand them easily.
While building a search engine or a social network are not viable options anymore… Considering these niches are dominated by enormous players.
There are still some problems, the world has yet to solve… or at least make the mainstream.
Solving any of these serious problems in a subjective and efficient way will surely help you to enter Billionaire Club. Let’s Get Started
A Weight Loss Pill With Minimal To No Side Effects
As of 2018, the diet and the weight-loss the industry is worth around 80 billion dollars in the US alone and expected to reach a value of half a trillion worldwide in the coming years.
The world is changing and for the first time, ever more people are dying from obesity, than from starvation.
Most people are lazy and would gladly pay a premium for an easy solution to the weight loss problem. That’s why, all big pharma companies are spending billions on R&D, in order to find a mainstream solution to the problem.
A Weight Loss pill like this could quickly become the most profitable and used drugs all around the world.
Viagra alone is doing $ 1.5 Billion in revenue per year in the US and a weight-loss pill could be valuable for both genders.
Viable Plastic Replacements
Yeah, we are ruining our planet and don’t know what to do about it, because we really don’t want to change. That’s where you come in.
The plastic market as a whole is worth $ 650 Billion at the moment. With the plastic Packaging Industry, expected to hit $ 350 Billion by 2020.
As you’ve seen in countless videos of turtles and fish caught up in plastic, the world needs a viable alternative that is as practical, as cheap to produce, of which we have large quantities of, preferably regenerate and which doesn’t kill all life on Earth in the long run.
Everybody understands the potential of being the next plastic and we’ve already been seeing tests with fungus, algae, corn and even hemp. The only thing they need to do now is to get the price down and to be able to mass-produce.
Before we move on to the next problem, do you want to hear something crazy?
It’s estimated that more than 500 million single-use plastic straws are used and thrown away every day in the US alone.
According to the National Park Service that translates to one hundred and seventy-five billion straws a year. The numbers globally are, even more… at least five times that.
Just think about it… You get a drink with a plastic straw, which you use for under 15 minutes and then you throw it away and a large portion of these straws is not recycled.
Bioprinting and Organ Printing
There are several sub-industries to this, which will be worth billions of dollars each, as the technology advances. Starting with personalized prosthetics to 3D printed skin for burn victims, bone printing, to actually printing working organs.
Globally the organ transplant market is worth around, $ 20 Billion per year, which is expected to become a Trillion Dollar industry in the next few decades.
Just the organ preservation market alone is valued at $ 250 Billion right now, so the potential in this space is massive.
As the population of the world increases and on average we tend to get richer, replacing an organ will be as common as eye surgery or dental implants.
To put things into perspective, you can purchase a heart on the black market in the US for a little bit under One Million Dollars with a liver being sold for around half a Million Dollars.
The fact that there is a black market for organs at all, proves there isn’t sufficient supply for the existing demand.
Studies show that one in three deaths could be delayed or prevented if we were to have access to enough spare organs.
As of 2016, one in nine people in the world lives without access to clean water. That’s close to 850 million people. Towards the end of 2018, scientists are expecting that number to get close to 1.1 billion.
By 2025, it’s expected that two-thirds of the world’s population will find it difficult to have access to clean water.
You wouldn’t think that the blue planet is running out of the water… but the thing is it’s not the planet, it’s us that are running out of water.
Despite the planet being covered by 70% water, only 3% of it is actually freshwater, that is fit for human consumption.
Around two-thirds of that is tucked in frozen glaciers and unavailable to our use… so it’s us that’s in big trouble.
This year even big cities like Cape Town almost ran out of the water and situations like this one, will be more and more popular in the coming years.
So, you might soon get rations of water no matter where you live.
The economic impact of the water crisis is huge.
Not only people can’t grow crops but they die of a plethora of illnesses associated with unclean water.
Providing access to water will be like connecting yourself to a network for internet access and will start paying a premium on it.
Some of the solutions to water scarcity have to deal with the masses.
For example, the technology which will allow us to optimize the water consumption per household, so people don’t waste water.
Followed by improving the sewage systems, so the water can be filtered and deployed to nearby farms which are one of the biggest water wasters in the world.
Meat production is incredibly water expensive. It takes fifteen thousand four hundred litres water just to produce one kilo of beef, 6,000 litres for one kilo of pig meat and 45 litres for one kilo of chicken meat.
AI is the Holy Grail of inventions and for good reason.
Artificial intelligence is probably the last invention, humans will have to invent. That’s because, it will either optimize or solve all of our problems or it will realize, how meaningless we are as a species and wipe us all out as it evolves to a godlike status.
Let’s say it won’t wipe us out and look at what AI could mean for Humanity.
As of 2018, AI is already generating over 1 Trillion Dollars in value, with customer experience solutions creating the most business value.
AI-derived business value is projected to reach up to 3.9 Trillion Dollars by 2022 and that isn’t taking into account, strong AI whose value is so hard to estimate that even the smartest minds are a little on edge of making predictions.
Artificial intelligence is going to be the largest disruptor, the world has ever seen… Dramatically changing the way we exist and could accelerate our transition toward a type two civilization.
It could cure diseases for us, revolutionize farming and bioengineering and even be the Gateway to immortality.
It has already been decided that the future is electric. That is until we come up with something better. Before we’ll do that our computers homes and even cars are electric.
The uprise of clean energy from solar, wind, hydro and geothermal is opening up a lot of business opportunities.
Probably the biggest opportunity lies in the energy storage sector.
In the US alone it’s roughly an 8 Billion Dollar industry right now, but growing with almost 25% year-to-year. This is just the beginning of an energy revolution.
We’ve already seen companies like Tesla come into this space aggressively, with their power wall storage options… But the tech hasn’t gone mainstream yet.
More and more people from Western countries are trying to get off the grid or have a strong back up for their systems.
While on the opposite end of the spectrum, we’re seeing the need for this tech in undeveloped areas, who simply have no access to electricity.
Mainstream energy storage will bring these communities into the 21st century.
Just to give you a glimpse of the numbers… 1.3 Billion people currently do not have access to electricity.
There is another angle to this which is even bigger than the power wall type tech… that is of batteries. Cars will need bigger ranges, mobile phones will need to be charged every single day and whoever’s going to figure out a way to dramatically increase battery life, will be rewarded in the Billions of Dollars.
Here’s what you need to know if you’re planning on making a bid for energy storage… The light bulb was not created by incrementally improving the candle.
Food Production and Alternatives
We’re almost 8 billion people on this planet and we have to eat every single day. Somebody’s got to figure out how to make it happen.
The problem doesn’t seem to lie in our ability to produce food… but instead, it’s in optimizing the process… Creating as much food as possible with the minimum resources spent and distributing food to everyone.
At this moment we humans are really inefficient with our food products.
Here in the West, we consume way more food, than we need and we end up throwing away large quantities of it as well.
We’re not sure if you know this but food and agriculture is actually the biggest industry in the world. In our research, 10% of the gross domestic product of the entire world lies in food… that’s around 50 trillion dollars.
Want to hear something shocking… One-third of all the food produced in the world is wasted. Food losses and waste amount to roughly 680 Billion Dollars in industrialized countries and about 310 Billion Dollars in developing countries, per year. That’s how much money we’re throwing away.
It’s your opportunity to capture as much of this as possible. Even if, we managed to optimize food consumption, so that we don’t waste as much of it, there’s still big issues of production costs.
Growing food consumes so many resources, that we’ll be facing a serious dilemma because we can’t sustain this kind of production over extended periods of time. The biggest issues are related to water, grain and deforestation in order to grow crops.
If the world doesn’t move quickly into alternative food sources and we keep growing our population numbers, we’re in big trouble.
The obvious viable option we have is transitioning for big protein sources to smaller ones. Yes, people… we’re talking about eating bugs. This might sound disgusting to most of you but bugs are probably the future of nutrition for humans.
Insects require two thousand times less water to produce the equivalent of one kilogram of meat, from a nutritional standpoint. They also require less space to produce less waste and are 80 percent edible compared to only 40 percent of a cow. Plus you’re already consuming bugs in your food right now… you just don’t know it.
Bugs are in your chocolate, in your peanut butter and almost any fruit or vegetable product.
We are already seeing a lot of money going to insect farming start-ups all around the world.
So, if you’re planning to jump on this trend you got a hurry.
To be continued: Business Idea Worth Billions of Dollars (Part 2)
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