7 Profitable Business Ideas for 2021

https://www.youtube.com/watch?v=0Q7HCaKq-j4

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Hey everyone welcome back to the channel so i haven't made a video like this in quite a while but today we're talking
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about some different business ideas that i've been thinking about for a while and i wanted to share with you because i
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think there's a tremendous amount of opportunity in each one of these
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different seven business ideas that you could use this year
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now a couple of quick notes here first of all i don't really make a lot of these videos anymore
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because i feel like the whole industry of how to make money just got really scammy
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with people trying to sell all of their courses so i don't really want to be associated with that i don't make a lot
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of these videos anymore but nonetheless these are some cool ideas that i've been thinking about for
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a while that i did really want to share with you so if you are new here make sure you do hit
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that subscribe button and i guess the like button if you want to do that as well
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oh and also just watch out for like the 50 fake nato brian's like scamming people everywhere i don't
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know whatever i'm not going to sell you anything okay just remember that uh now the first
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business idea that i was thinking about that you know i actually really see a lot of
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opportunity here and there's no cost required with this is some type of influencer management
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so here's the best way to explain this and why this can be such a great opportunity
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uh first of all there is no cost associated with this you don't have to have any startup costs
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but when somebody like a youtuber for example me i guess i count as a youtuber um when i get
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brand deals when a company wants to sponsor me i don't really want to spend the time
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talking to them and negotiating with them i'd rather spend my time working on other projects and making
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making more videos for example so i end up working with a manager now this manager basically just
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facilitates deals they they put together brand deals and sponsors so they work with both the
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influencers and with the brands of the companies and they bring them both together and then they
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take a piece of the pie here they take a cut anywhere traditionally between 10 and 20 of these
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sponsor deals that a lot of influencers do so you can imagine if uh somebody's getting
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twenty thousand dollars for a youtube video if you are uh an influencer manager then you could
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get a ten percent cut of that uh twenty thousand dollar deal and you could get
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two thousand dollars for just working with both the influencer and the brand now i actually
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found this actually really i don't think is very difficult to start i work with a couple of
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different managers and they bring me deals and i just take the best ones that that i
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want to personally work with um but i think anybody can start it but i basically just reaching out to a lot of
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influencers and then reaching out to brands and just putting them in contact with each other
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and managing those deals maybe i don't know if we're going to make a more in-depth video on this but i
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really do think there's such a great potential for something like this and it doesn't just
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have to be youtubers it could be for tick tock influencers or various different types of
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influencers as well just remember putting those two together the brands and the influencer
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connecting them and you can end up taking a cut from that and i think it's a pretty great business model okay
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the next one uh is going to be for people who are a little bit more hands-on
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you're gonna find that within these seven different ideas some of them are going to be
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ones you can just lay in bed and make money and others are going to be a little bit more physical
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but i wanted to include both here because i know some people would rather just work with their hands
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so the next one i think is really fun it is converting vans so there's been this really big trend
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for van life that i've seen recently in the past year or two especially and so a lot of people want
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to live in vans i know my friend did this a couple of years ago he
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bought a van and then he fully did a full conversion on it he built out the inside he put a bed and a sink and a
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couple other different things in there but what's crazy about this is that you can actually build out vans for other
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people and make a lot of money from this so for example here my friend who
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bought this van for about some twenty thousand dollars he could go and sell his van that he converted
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and he could sell that for at least double the price probably get 45 or 50 000 for that van simply because he
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did that full conversion so this is a really cool idea that i i think i've just been thinking about
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for a while because it turns out you know there's a lot of people who don't know the difference between a hammer and
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a screwdriver and so they can't convert this van themselves they can't turn this into like a little home
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themselves so they want to pay somebody else to do it so if you are skilled with carpentry
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or you just have some basic skills with building things then i would consider
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just making it like a small little side business i know there's so many people looking to have somebody else build a
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van out for them you know maybe somebody who lives in new york city and they're making a lot of money they
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don't have the tools or the resources to convert their van so they'll just hire you to do it there's a number of ways to
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market this service but um if you get into that van life area on youtube or on social media
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you could probably find some clients on there or maybe just start to buy vans and convert them and then sell the vans
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but really you don't even need to do that you can just build them for other people and not have to really have many
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costs associated with that okay so the third idea is going to be a monetized newsletter
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this is another one that i've been looking at for so long and i honestly wish i could do this myself but i just
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have too many other things that i'm working on right now but i think there's so much
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potential here is monetize newsletters okay so if you are familiar with morningbrew it's a
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company that sponsored some of my videos in the past and this company it's just an email
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newsletter anybody could start something like this and i think last i checked they were valued at about 50
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million dollars i'm not sure what the article was i'll throw it up on the screen here
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but it's just a basic email newsletter this started out i think about five years ago
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and they are making so much money by giving a free newsletter to people who sign up for it now how does this company
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make money how does this newsletter make money uh well they end up getting sponsors and
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they do a lot of affiliate marketing in their newsletter so imagine if you have a million people reading your
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newsletter every single morning there's so much power and value in that
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that you can sell ad spots to different brands and so i i would really suggest starting
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something like this once again there's really no cost associated with it
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maybe you're gonna have to pay for some autoresponders for maybe some some email services um but if you start
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off with something like mailchimp using that to send out emails you can get i think the first couple thousand
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email subscribers for totally free the problem here could be a little bit labor intensive uh if you don't like writing
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email newsletters every day could be a little bit annoying and also it could take a while to get it going but i still
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think it could be one of the best ideas out there okay now the next one is going to be
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renting out cameras so i know a lot of photographers and videographers and even youtubers who might not want to buy like
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a new red camera some of those really expensive five or ten thousand dollar cameras
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uh because maybe they just have one shoot that they want to do uh or maybe they just have one project that they
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need to borrow some equipment and so there's actually a whole business opportunity
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within this uh uh different scene here which is by renting out
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equipment especially like cameras or different types of audio gear to photographers and two videographers
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uh and and four people who need some type of things like that so um i i know a couple of people who do this
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actually i only really know one person who does this really really well there are a couple of caveats here a
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couple problems with it but the cool thing is that you know imagine you can buy something so you can buy
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something for five thousand dollars and then you're renting this out multiple times
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per month for maybe a few hundred dollars per day and you're able to really make a lot of money from this one
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physical object that you have and you could take this same idea of renting out cameras to
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photographers and videographers and you could apply it to maybe a field that you're maybe well versed in uh maybe
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something that you have a lot more knowledge about um i remember seeing people who would uh
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rent out log splitters for a day uh because you know some people want to get their own firewood and so they cut
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down a bunch of trees on their property but they don't have any way to split the wood
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so i would see people rent log splitters for a hundred dollars a day and they would rent them out and the log
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splitter will only cost them two thousand dollars to begin with and so they were able to make their money back
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within uh only really a couple of months and then it just really just basically
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printed cash for them so that's an idea as well just think about what you have around your house or
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something that you're already pretty well experienced with especially maybe what you do
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for work or what you do for a job and then think about the different items that you could potentially
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rent out to people a couple of problems with this though is that you know you have to make sure you do this properly
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you got to make sure that you have the contracts you got to make sure you have insurance
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um you know because if somebody rents your camera they drop it you don't want to be out of 5 000 you
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got to have to make sure you have some things set up for that so if you want to explore that
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route make sure you just look into it a lot more because there are going to be a couple of
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caveats there but i do think it could be a business that could end up printing you some
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money now the next one here is it's not going to be some crazy
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you know start your own tesla but it's one that i i love including this in my videos i
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know it's march right now so i don't know how many people watching this are actually going to really take
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this um but mo lawns lawn care it's the most simple business model in the
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world this is how i paid for college uh this was one of my first businesses and it is
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the best cash producing business that anybody especially teenagers if you're in high school if you're in college
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you want to make some money this summer mow lawns you can set it up pretty simply
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you can do some crazy marketing in your local area craigslist facebook you can use a different things
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like doing actual posters around on different billboards and you can
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market this service for you know forty dollars fifty dollars per lawn and you can get 10 or 20 lawns
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you can do those all in a weekend you can make 500 or a thousand dollars in a weekend by
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doing this and i made a video about this maybe three years ago on my channel i'm talking about how i
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structured this and how i did this when i was mowing lawns but you don't have to reinvent the wheel
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to make money and i think sometimes so many people are going out and just trying to be the next elon musk they're
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just trying to make the new amazon and that's fine you can do it
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but i think there's a lot more potential for success when we go for simple business models
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of understanding your expenses understanding uh your potential profits and
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just being able to pump cash out from a simple business like mowing lawns so i'm always gonna
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love that one uh and and i do think that people should consider that especially because it's
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march right now so now is the perfect time to get a lot of lawn care clients
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so the next idea is to edit podcasts because there are so many podcasts out there right now
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and it feels like everybody thinks that they're the next joe rogan and they're just starting a podcast which is cool
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that's fine i'm sure there are a lot of next big up-and-coming podcasters
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but why not make money off of those people who are all starting their podcast
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it kind of reminds me of the gold rush in that saying that the people who really made money in the
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gold rush it wasn't the miners it was the people selling the shovels to all of the miners right so
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this is something that you could do with editing podcasts for a bunch of different people um i know
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that i've probably been on maybe a couple dozen podcasts over the past year i feel like the
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the biggest problem that they seem to have when i just talk to these people is they say you know i really wish i
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could speed things up by hiring somebody to edit my podcast episodes for me i swear i've seen at least a dozen people
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say that and they all have that problem where just take some time to edit so why not
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reach out to a ton of different podcasts and offer to edit those podcasts for them
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for a certain price i don't know what would be the good price point you could set that for yourself
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i would suggest probably starting off at a really low price point and then once you get a bunch of customers then you
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can start building up that price point to the point where your schedule is full and
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then you can start raising the prices and that's kind of how i would go about
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doing that but that's something you can do from your home as long as you have a somewhat decent computer and then you
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would be able to edit podcasts for people and you could edit videos youtube videos
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i know a lot of youtubers who are always looking for video editors as well and that leads us into the last one
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which is also not going to seem like a revolutionary idea but i know personally this is where i
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pay most of my money from our business which is just by paying writers so you could do
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some basic content writing for blogs reach out to a bunch of blogs and just ask them if they need content written
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and what they're offering to pay per word so i know that we'll pay anywhere from six to ten
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cents per word for blog articles sometimes i see people who are paying
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upwards of 20 or 30 or 40 cents per word for very specific articles that they need written and you could do
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this from literally anywhere we have a lot of contractors that we work with who are living out in the
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desert somewhere and they live in vans and they just wake up in the morning and they might crank
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out a couple of articles for us and we pay them and it's a really great business model for
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people like that basically freelance work you're not going to become a
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multi-millionaire off of something like that but i know people who pay their bills uh by just
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doing some basic writing for people so especially if you're skilled with that i know i'm
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not a writer there's different types of communicators there's people who are great at speaking there's people who are
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great at a visual right they're able to create good artwork and then there's people who are great
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with writing i'm not good with writing i'm not good with visuals i'm also not great with speaking but
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either way you know that's kind of the ideas that i had here for this video i hope you found some
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value i i hope you can run with one of these or at least maybe be inspired by one of these
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uh and i wish everybody the best of luck if you end up starting one of these let me know send me a dm
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and of course watch out for all the scammers as well all right peace out guys

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