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Summary
TLDRIn this insightful video, William V Thompson, a cash flow strategist, shares his top four business ideas for 2024 that focus on solving common problems to create wealth. He suggests becoming a money broker, a college prep consultant, a grant writer, and a credit consultant, emphasizing the importance of affiliate programs and certifications to facilitate these services. Thompson's approach is to identify and address the financial struggles of others, which in turn, builds one's own wealth.
Takeaways
- π‘ Solving your own problems can make you money, but solving others' problems can create wealth.
- π The speaker, William V Thompson, is a cash flow strategist who helps people find ways to have more money.
- π The key to selecting a business is to identify how it can help others and solve problems that are not currently being addressed.
- π¦ Business Idea 1: Become a money broker, connecting people and businesses looking for funding with the right programs and earning from affiliate programs.
- π Business Idea 2: Offer college prep consulting services to help parents and students find funding and develop effective study systems.
- π Business Idea 3: Become a grant writer, providing certification and consulting services to help businesses, nonprofits, and churches secure grants.
- π³ Business Idea 4: Offer credit consulting services to help individuals and businesses improve credit scores and secure unsecured lines of credit.
- π The speaker emphasizes the importance of finding and solving common problems as a pathway to starting a successful business.
- π Certification is highlighted as a key step in becoming a credible consultant in any of the suggested business areas.
- π€ Affiliate programs are presented as a means to gain access to tools and resources without having to provide the capital or services directly.
- πΌ The potential for earning significant income through these businesses is underscored, with the speaker sharing personal success stories.
- π The speaker encourages viewers to subscribe, activate notifications, and sign up for a free newsletter for ongoing financial advice and strategies.
Q & A
What is the main idea of the video transcript?
-The main idea is to discuss four types of businesses that can generate wealth by solving common problems faced by others.
Who is William V Thompson and what does he do?
-William V Thompson is a cash flow strategist who helps people find ways to have more money.
What is the first business that William V Thompson suggests starting?
-The first business suggested is becoming a money broker, helping people find financial resources for various purposes such as starting or growing a business, or investing in the stock market.
How does a money broker operate according to the transcript?
-A money broker operates by finding affiliate programs online, getting certified quickly, and then using the company's tools to market their services to potential clients.
What is the second business suggested in the transcript?
-The second business suggested is becoming a college prep consultant, helping parents and students find funding for college and providing study systems to improve academic performance.
What role does a college prep consultant play in helping students?
-A college prep consultant helps students by providing a proven study system, reducing frustration, and positioning them to get scholarships.
What is the third business that William V Thompson recommends?
-The third business recommended is becoming a grant writer, helping businesses, churches, and nonprofits secure grant money.
How does a grant writer benefit from their work?
-A grant writer benefits by getting paid for consulting services and receiving additional payments when their clients secure grant money.
What is the fourth business suggested in the transcript?
-The fourth business suggested is becoming a credit consultant, helping individuals and businesses improve their credit scores and secure unsecured lines of credit.
How can someone become a credit consultant according to the transcript?
-To become a credit consultant, one should get certified through online affiliate programs and find companies that will pay a fee for the consultant's services.
What is the common theme among the four businesses suggested in the transcript?
-The common theme is solving problems for others, such as finding money, improving academic performance, securing grants, and improving credit scores, as a means to create wealth.
What additional resource does William V Thompson offer to help improve financial situations?
-William V Thompson offers a free newsletter that provides regular information on how to improve financial situations and create cash flow.
Outlines
πΌ Business Opportunities for Wealth Creation
In this paragraph, the speaker, William V Thompson, a cash flow strategist, introduces the topic of four businesses that can generate wealth by solving common problems. He emphasizes the importance of identifying and addressing the issues that others face as a pathway to creating wealth. Thompson provides a personal perspective on selecting businesses that not only solve his own problems but also those of the wider community. He invites the audience to consider their own problems and think about how they would pay for solutions, suggesting that such businesses are the ones worth pursuing. He also mentions that he will provide a game plan for activating these businesses and encourages viewers to subscribe and activate notifications for more content.
π Education and Financial Solutions for Growth
The second paragraph delves into the specifics of the four businesses that Thompson would personally start. The first business is becoming a money broker, which involves connecting people in need of funds with the appropriate financial resources. Thompson shares his experience working with churches and businesses, highlighting the potential for significant earnings through affiliate programs. The second business is a college prep consultant, aimed at helping parents and students navigate the financial and academic challenges of higher education. Thompson suggests that providing study systems and financial strategies can reduce frustration and improve outcomes for students. The third business is a grant writer, where certification allows one to assist businesses, churches, and nonprofits in securing grants. The final business is a credit consultant, which involves helping individuals and businesses improve their credit scores through certified programs, potentially leading to financial opportunities such as home ownership or unsecured lines of credit. Thompson concludes by reiterating the importance of solving others' problems to build wealth and encourages viewers to revisit the video for a deeper understanding.
Mindmap
Keywords
π‘Business ideas
π‘Money broker
π‘College prep consultant
π‘Grant writer
π‘Credit consultant
π‘Problem-solving
π‘Certification programs
π‘Affiliate programs
π‘Cash flow strategist
π‘Wealth creation
Highlights
The speaker, William V Thompson, introduces his expertise as a cash flow strategist and his goal to help people find ways to have more money.
Emphasizes the importance of solving problems for others as a way to create wealth, not just solving one's own problems.
Provides a game plan to activate four specific businesses that can generate income.
Suggests subscribing and activating notifications for content on practical ways to create money.
Mentions a free newsletter for additional printed material on financial strategies.
Discusses the common issue of people not asking how their business can help others, which is crucial for success.
Encourages thinking about personal problems that one would pay to solve, as these are the types of businesses to consider.
Introduces the first business idea: becoming a money broker to connect people looking for money with the right programs.
Shares personal success with becoming a money broker for churches and businesses, making six figures.
Suggests the second business idea: a college prep consultant to help parents and students navigate college funding and preparation.
Describes the value of providing a study system to students to improve their academic performance and scholarship opportunities.
Proposes becoming a grant writer as the third business idea, offering certification and the ability to secure funding for businesses and nonprofits.
Details the process of becoming a credit consultant as the fourth business idea, helping individuals and businesses improve credit scores and secure loans.
Stresses the importance of learning to solve the problems of others as the key to building wealth.
Encourages viewers to subscribe to the channel and turn on notifications for continuous financial advice.
Ends with an invitation to subscribe to a free newsletter for regular information on improving financial situations.
Transcripts
today I want to talk about four
businesses that can make anybody money
right now if I was starting a business
in
2024 I had to ask myself what businesses
would I start and I already have a
couple of successful businesses but I'm
going to give you today the four
businesses that I personally would start
right now to help me make money and the
way I would do that or why I would do
that is simply this I have learned this
that when I learn to solve my own
problems I'll create money but boy when
I learn to solve the problems of others
that's how I'll create wealth now hang
in here with me because I'm going to
give you these four businesses and like
I say I thought a lot about it and of
all the businesses out there these are
the four that I would do hey guys again
I'm William V Thompson cash flow
strategist and what I simply do is I
help people common ordinary anybody find
ways to have more money than that's what
we do and at the end I'm going to give
you a game plan to activate these four
businesses now again if this is the type
of content that you like learning simple
practical ways to create money make sure
you do a couple of things subscribe as
well as activate the notification and I
got to tell you this one guys there's a
free newsletter that we have below all
that information's there so in addition
to the videos you can get some PR
printed material a lot of people are
scrambling around trying to find the
right business they're trying Amazon
they're trying delivery they're becoming
a CER and nothing's wrong with those but
I think the number one problem that
people have in selecting a business is
they don't ask the
question how will my business help other
people what problems do other people
have that are not being solved come on
think come on think back to yourself
come on for a moment close your eyes if
you're not driving and think about the
problems that you personally have the
things that you're going through what
would you pay someone to help you solve
those problems that's the kind of
business you want to have come on Ponder
a little bit you got a problem with this
and a problem with that and in your mind
you like saying that if
someone can help me solve that problem I
would pay them almost a month salary
those those are the kind of businesses
that you want so let's get into how to
do it in me working with people as a
cash flow strategist there are four
common problems that seem to arise and
going back to what I said earlier if I
was going to start a business from
ground up here are the four that I would
do you ready number one and this is one
of my favorite one guys this is the one
that excites me this is one that I know
changed my business years ago
and it's becoming a money broker that's
right here we go a money broker you look
at people that are looking for money
you're looking for new startup
businesses that are looking for money
you look at well establish they're
looking for money find me someone today
tomorrow next week that's not looking
for money some people are looking for
money to do real estate some are looking
money to uh not only start a business
but grow a business some are looking for
money to invest in the stock market
everybody is looking for money and as a
money broker what you simply do is this
there are many affiliate programs online
take your time to find them find those
companies that have a very short period
of time to get you certified I mean less
than a week and after you are certified
in their program they now will give you
access to all their tools and now you
can Market let me give you a good
example I work a lot with churches
churches were having a hard time finding
money so I found a company who knew how
to find money for churches and became a
money broker for them and made lots of
money second of all we do a lot of work
with businesses well guess what we found
an affiliate program that allowed me to
become a broker for businesses
whereby I did not loan the money the
company did I went through a short
certification and guess what I now could
promote their business I made good six
figures on both of those that's business
number one business number two a college
prep consultant we know that less and
less people are going to college but
still many are going and they will for a
while but look at all the massive debt
that's being
accumulated all this debt is going to go
to college and people get out and don't
even use it for the major you have
frustrated parents I could have used you
as a college prep consultant what do you
do number one you help parents find
money even when the kids are like in
elementary school you would learn that
and they're online courses I've taken
one before that showed me how to help
people find money when their kids are
first born when they're in elementary
school middle school Etc so imagine you
having contacts and strategies to help
parents no matter where their children
are to find money money is one part
another one what about college studying
I'm going to tell you guys high school
and college are a little different quick
story here my daughter's in her final
year of college and in high school she
crushed it I mean she crushed school but
then then she went to college and
because she didn't have a good study
system she struggled sure she made some
bees in C's but in high school it was
primarily A's what if you were in
business and you gave her a study guide
you gave her a system and you told her
colleges at this level high schools at
this level and you taught them a proven
system in how to study number one that's
going to reduce frustration ation of
that college student that's going to
reduce parent frustration and it's going
to make the experience so much better
but also what does it do it allows that
child to be best positioned to get
scholarships while they're in school
number three I would recommend is become
a grant writer guys there are programs
out there that will certify you to write
grants whether it be for businesses
whether it be for churches or not profit
and here what I said there are
legitimate grants out there for
businesses there they are you find a
program online you get certified in less
than 30 days you can do that and now
you're telling businesses if you follow
these five steps and by the way you're
going to train them you get paid for
Consulting and when they get the grant
money you make more money you find
nonprofits that are struggling again
because you are the Grant consultant and
you have uh your liaison between the
grant funders you get paid and finally
guys it's a big one you become a credit
consultant again you get
certification and through online
affiliate programs you find companies
who do the work for you and they pay
your fee you may do some frontend
Consulting to make nice money and then
you plug them into the system both
individuals raising their credit scores
and businesses imagine helping people
move from renting to owning because you
fix their credit imagine a business
owner who's struggling and you found
them unsecured lines of credit all right
guys my time is up I want you to listen
to this video again and again and
understand that when you learn to solve
the problems of others that's how you
build wealth want to continue to help
you down below you can subscribe to this
channel if you like this com content as
well as turn on your notification we're
constantly pumping out great information
and one thing I'm so excited about you
like free we have a free newsletter
subscribe to it we're going to give you
powerful regular information on how to
have more money how to create cash flow
so if you want to learn more about how
to improve your financial situation
between subscribing the notification and
the free newsletter is going to change
your world help us help you change your
world have a great day and thanks for
your time
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