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5 MOST PROFITABLE BUSINESS IDEAS FOR 2021
1 digital marketing
Before you turn off this video, please hear me out.
I am going to explain to you how you literally can make millions of dollars by starting
a tiny small digital marketing business. Don’t worry I am not going to sell you any course.
I have friends who actually run such businesses, and before writing this script, I talked to them
just to make sure that I am presenting you with the most accurate information possible.
Here is how it works. What is the one thing that every business in the world wants?
Sales! If you can help
any business to increase their sales, they are willing to pay! the higher the sales,
the more they are willing to pay! And doesn't matter what business is that!
That's why businesses spend a lot of money on marketing, branding, building nice stores to
attract customers, and so on. But most, especially small businesses, don't have
the resources to have an entire digital marketing team, and here is where you come into the picture.
Let's say it's a corner shop that sells glasses.
Their clients are the people who live around that place or accidentally bumped into their website
when googling glasses. However, if more people knew about their products,
they could double, triple, or even grow their sales by over ten times.
Of course, anyone can put ads on Facebook, youtube or Adsense, but not everyone can put
effective ads that turn into sales. And that’s what you have to learn to do.
It's not easy. It's going to take you some time to master that skill. You might need to spend a few
hundred dollars testing different strategies until you learn what works and what doesn’t.
You can literally go to any business owner and tell him, here is how I can increase your sales
by 30 percent, but I will take 1/3 of the profits of all the sales I deliver.
Any business owner would gladly work with you. to prove that you can put effective ads, you can
give them a free trial. Of course, that business owner can learn to do that by him or herself,
but when you have an entire business to run, you don't have time for such things, it's much
cheaper just to hire someone who is good at that. It doesn't matter what is going to be the social
media of tomorrow. The foundations of this business is going to stay..
2. crypto business
The crypto world is filled with scams. I get emails every single day to promote crypto products
that look very, very suspicious, but because I love you and respect you,
I would never promote anything that i wouldn't personally use. However,
that doesn't mean there isn't any opportunity in this field.
I believe that blockchain is at that stage right now as the internet was right after
the dot com crash. Ten years from now, most people will look back and say I wish
I started a business in this field. Once this technology is widely used,
it will be too late to create something really huge. Even if you started a simple
e-commerce website 15 years ago, you could be making millions of dollars easily today.
But what kind of businesses you can start with blockchain?
Let's take an example of healthcare. One of the biggest problems in the healthcare industry
is storing patient information. Doctors usually need your medical history to be able to diagnose
your health accurately. But also patience health details, identity details, and existence of fake
medicines in the supply chain. If you use blockchain to store all that information,
no one will have access to patience medical history without the permission of the patient.
Even if you end up visiting another doctor, in a different country,
you can give that doctor access to your medical history. Blockchain can also avoid
fake drugs in the market since each drug could be safely tracked once its stored in blockchain. It
will make it easier and safer to trace the origins of any drug, store them safely, reduce the cost,
and make the entire system more effective. There are already a lot of startups in this industry,
but its not widely used yet. Now is the best time to start a business in this field.
Healthcare and financial industry are only 2 out of many industries where blockchain could be used.
You don't need a lot of money in the beginning since most people
don't understand how the system works, spending some time just to understand
how it works will already give you a competitive advantage over others.
3. Online tutoring
For the last 20 years, everyone was talking about how worthless are college degrees,
but most people didn't care much. But after a global pandemic, no one wants to pay these
astronomical tuition feels while getting educated online. Whether we like it or not,
the process to move to online education has begun, and this trend is only going
to grow this year. But you know what most people don't like about online education.
You don't feel the connection with the teacher.
That makes the process a little ineffective. I mean,
it's great when you are trying to reach a huge number of people, but on a personal level,
most people want to feel that personal connection, which is why online tutoring is on the rise.
In the past, it was a bit difficult since the tutor had to come to your place,
but since online tutoring is getting widely accepted, you can easily make a lot of money
as long as you are good in one field
.
Are you good at math? Chemistry? Science? There are millions of parents who will
pay if you help their kids learn faster. It's a little difficult to scale this business
unless you create a platform or hire other tutors and start offering tutoring services
on different subjects, but it's a perfect option if you don't have a lot of resources.
4. Start a fitness and wellness blog.
This is one of the businesses that I personally want to start,
but I can't find time to do so since I am busy running my other businesses.
With the rise of the global pandemic. People are paying much bigger attention to their health
and turning to Instagram bloggers who talk about fitness and health.
I personally invest a lot in my health by working out at least three times a week,
making sure that my diet is as healthy as possible, and jogging every morning. Maybe
one day, I will be making fitness videos on youtube to share with you how I work out.
This industry is growing so fast that even Apple launched dedicated fitness apps. When
Apple gets into an industry, it get’s serious. You don't have to work out for a few years before
you can get into this business. Start your journey of getting into shape and share it with the world.
People love following people with whom they can relate.
If you end up inspiring others to start working out or taking care of their health, they will
forever be grateful and watch everything you post. Then you can monetize this mass audience.
5. Trade in Amazon
Let me ask you a simple question?
What is the purpose of any business? Sales! Right?
Any business exists to sell a particular product or service. Some companies produce their products
while others, like that corner shop besides your house, has a supplier. The job of the shop is to
sell! In fact, the job of any business is just to sell. And Amazon is a platform where you can
sell pretty much anything you want. In fact, you don't even have to manage your inventory.
It's all taken care by Amazon. But how do I know what to sell on amazon?
Have you ever heard of Alibaba? It's like amazon but in China,
most of the products are often sold for a fraction of what they usually cost in the United States.
You can find there anything from gadgets to accessories to clothes
to everything else. Your job is to buy low (from Alibaba) and sell high (in amazon).
It's not easy because you don't know what is in demand, but after some market research,
you can figure that out. That's what every business does. They study the market
and try to come up with a product that is in demand. t's time-consuming. You
will have to spend an endless number of hours to find the right product at the right price.
That's how people make fortunes with amazon, it is not as easy as it was in the past since every
single year, the competition gets stronger, but there are still plenty of opportunities.
All of the business we discussed are practical. You don't have to be a genius or have
millions of dollars to start. But you need the discipline and dedication to push yourself every
single day to make it happen. Don't try them all at the same time. You will definitely fail,
chose one of them and give it your best. Even if you have a full-time job, start by spending a few
hours after your job. Once you grow the business to the point where it could pay the bills,
you can decide to quit your job if you want and further grow the business.
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