The 5 Best Businesses to Start in 2024 - These Make Me $72,000/Month

Summary

This video script outlines five lucrative online business opportunities for aspiring entrepreneurs. It emphasizes content creation as the top choice, being beginner-friendly and requiring no initial investment. Other highlighted businesses include selling digital products on Amazon, Shopify dropshipping, Pinterest affiliate marketing, and investing in rental properties. The video promises to provide a blueprint for financial success and offers additional resources for in-depth guidance on each business model.

Takeaways

• 😀 The speaker made over $72,000 last month from various online businesses and suggests these are the best to start for the upcoming year.
• 🚀 There's a golden opportunity to make millions using AI and the internet, which will not last forever, and those who seize it can join the 1%.
• 💡 The video provides a blueprint for starting a successful business and ranks the businesses from best to worst.
• 🎥 Becoming a content creator is ranked first; it's beginner-friendly, requires no initial investment, and can be done from home.
• 📚 The speaker recommends reading 'Show Your Work' by Austin Kleon and 'This is Marketing' by Seth Godin to become a content creator.
• 🛍️ Selling digital products on Amazon is suggested as a simple business to start with little to no money, using Amazon KDP for uploading books.
• 🛑 The speaker does not recommend selling physical products on Amazon for beginners due to high competition and difficulty scaling.
• 💼 Shopify Dropshipping is a business model where you don't hold inventory; the supplier ships products directly to customers.
• 📈 The speaker advises focusing on one good product for dropshipping rather than selling different products every year.
• 🔗 Pinterest affiliate marketing is highly recommended, with the speaker making over $155,000 a month from it, and it's beginner-friendly.
• 🏠 Buying rental properties is a long-term investment that can provide passive income, but it's not recommended for beginners without significant savings.
• 💼 The speaker suggests starting with businesses like affiliate marketing or content creation to accumulate funds for future real estate investment.

Q & A

How much did the speaker make last month from their online businesses?

The speaker made over $72,000 last month from their online businesses.

What is the speaker's main message about the opportunity in online businesses?

The speaker's main message is that there is a golden opportunity in online businesses that can help people reach financial freedom, but it will not last forever.

What are the five businesses the speaker is going to discuss in the video?

The five businesses discussed are becoming a content creator, selling products on Amazon, branded Shopify dropshipping, Pinterest affiliate marketing, and buying rental properties.

What are the recommended books for someone interested in becoming a content creator?

The recommended books are 'Show Your Work' by Austin Kleon and 'This is Marketing' by Seth Godin.

What is the speaker's advice for beginners on selling products on Amazon?

The speaker advises beginners to sell digital products rather than physical ones, as it is simpler and can be started with little to no money.

What is the software mentioned for creating low-content books to sell on Amazon?

The software mentioned for creating low-content books is Book Bolt.

What is the platform used to upload books to Amazon for selling?

The platform used to upload books to Amazon is called Amazon KDP (Kindle Direct Publishing).

What is the speaker's opinion on the ranking of dropshipping as a business to start?

The speaker ranks dropshipping in third place, noting that while it's a great business, it requires some initial investment and is not ideal for beginners without experience.

What is the speaker's strategy for Pinterest affiliate marketing?

The speaker's strategy involves picking a niche, finding high-paying affiliate links, and promoting them on Pinterest by posting content daily without necessarily showing one's face.

What are the two websites mentioned for finding affiliate links for marketing?

The two websites mentioned for finding affiliate links are impact.com and clickbank.com.

What is the speaker's recommendation for beginners without much money saved up?

The speaker recommends starting with a business like affiliate marketing or being a content creator to make money first, which can then be used to invest in real estate later.

What is the speaker's ranking for buying rental properties as a business to start?

The speaker ranks buying rental properties in fifth place, as it is challenging for beginners and usually requires a significant amount of money saved up.