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Young? Just starting out in entrepreneurship, or just don't want to "risk" a lot of money? This post is for you. Iv'e been thinking about this a lot lately and am currently in the process of coming up with my own business plan.
First, a little about the current position I am in. I just turned 20 years old. I have a full time sales job (It's commission only, make around 65k-70k year). I have some passive income from eBooks I have created, a YouTube channel where I have around 3.5 million views, and I have one small affiliate marketing website up.)
My next goal is to launch my first real business. I still plan to earn passive income online as well.
My goal for my business was to have a low cost startup, and of course make as much $'s as possible by
satisfying some sort of need for clients.
What did I come up with? I found the most rewarding jobs with as little startup money as possible was labor intensive jobs. I'll list a few examples here but it's really quite simple.
Mobile car detailing
Maid service
Landscaping
Painting houses
etc.
What do these jobs have in common? Low Startup, Good Profits, and you don't have to do the labor. Your main job would be to establish a company with a logo and a name, get a website up, and then get clients and contractors.
How do I get contractors? Craigslist job ads. You'll get more offers then you want. Be sure to do background checks.
How do I get clients? Well, this is going to be the hardest part in my opinion. But craigslist, facebook groups, local forums, paid per click advertising, and of course social media is going to be the primary way to market.
Some of these businesses have high competition rates as there are so many of them (Especially landscaping). You must do something that sets you apart. Me and my dad did lawn care for a few years, what set us apart was that we did a very professional job. We mowed, weed-eat, edge, and blew. We were in and out of their yard as fast as possible while delivering the best service locally, NOT CHEAPEST.
I'm going to be launching a business, and WILL start a progress thread on it. I'm working out the details now, I don't plan on doing much if any of the actual labor myself besides teaching the people I hire how to get the job done.
Feel free to ask if you have any questions, or if you have any other business ideas. Who knows, maybe this thread can help some people.
First, a little about the current position I am in. I just turned 20 years old. I have a full time sales job (It's commission only, make around 65k-70k year). I have some passive income from eBooks I have created, a YouTube channel where I have around 3.5 million views, and I have one small affiliate marketing website up.)
My next goal is to launch my first real business. I still plan to earn passive income online as well.
My goal for my business was to have a low cost startup, and of course make as much $'s as possible by
satisfying some sort of need for clients.
What did I come up with? I found the most rewarding jobs with as little startup money as possible was labor intensive jobs. I'll list a few examples here but it's really quite simple.
Mobile car detailing
Maid service
Landscaping
Painting houses
etc.
What do these jobs have in common? Low Startup, Good Profits, and you don't have to do the labor. Your main job would be to establish a company with a logo and a name, get a website up, and then get clients and contractors.
How do I get contractors? Craigslist job ads. You'll get more offers then you want. Be sure to do background checks.
How do I get clients? Well, this is going to be the hardest part in my opinion. But craigslist, facebook groups, local forums, paid per click advertising, and of course social media is going to be the primary way to market.
Some of these businesses have high competition rates as there are so many of them (Especially landscaping). You must do something that sets you apart. Me and my dad did lawn care for a few years, what set us apart was that we did a very professional job. We mowed, weed-eat, edge, and blew. We were in and out of their yard as fast as possible while delivering the best service locally, NOT CHEAPEST.
I'm going to be launching a business, and WILL start a progress thread on it. I'm working out the details now, I don't plan on doing much if any of the actual labor myself besides teaching the people I hire how to get the job done.
Feel free to ask if you have any questions, or if you have any other business ideas. Who knows, maybe this thread can help some people.
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