9 MOST PROFITABLE Business Ideas For 2020

Nine business ideas that we have not discussed previously on this site are gonna be some different ones that you probably haven’t heard of very often sometimes.

 you’ll see videos or blog posts with these business ideas that are just very common like drive for uber and and make money right those are some very basic ones these are gonna be a little bit different some of these i’ve done in the past and others.

 I just think could be really interesting ideas that could be multi-million dollar

businesses that you can make out of these or they could just be something to

supplement your income make an extra ten or twenty thousand dollars per year

It really just depends on what you make of it .

first one here which is something that I did back a few years ago now time really

flies but this one you don’t really hear of it very often but it’s something that

I made enough money on to essentially pay for a good portion of my freshman

year of college which was making money off of the election , so look when going

about this we’re going to talk about some more specifics of this in the next

minute here but this was a situation where the 2016 election look let’s not

get political here but I think a lot of people weren’t really big fans of either

candidate at least I mean in the United States you can apply this to most places

in the world but in the United States a lot of people weren’t big fans of either

candidate I found myself in that position.

 so I said you know what I’m not sure who’s gonna win this election but I

want to make sure that I win in some way because I feel like I might lose either.

way cuz I’m not a big fan of either candidate let’s not get political really

I hate politics but I said I want to find a way to make some money so I ended

up monetizing the election by selling things that were closely related to these candidates without actually infringing upon any copyrights so there’s a lot of different political bumper stickers that I was selling that

weren’t just political logos.

but more so things that you can use that are general sayings or terms that you can throw on bumper stickers that you can make money on and I was selling those on eBay and I was selling a good bit amount I think I was doing over a

hundred hours a day in profit from bumper stickers which sounds weird , but

when you actually run the numbers if you’re selling them for 399 buy two get

one free and you’re selling 20 30 40 per day it can really add up to over a

hundred dollars a day for what was taking me about 30 minutes a day to just

slap some labels on some envelopes and mail them out it was very simple less

than an hour a day and I was making a lot of those just around the political

area ,  because there’s so much going on especially in America it’s so polarizing

I really don’t like politics how people

are so angry and like against each other

but there’s there’s ways to make money off of it you can go make t-shirts you

can go make different things ,  but I want

to caution you on something don’t infringe upon copyrights you can’t just

take somebody’s campaign logo slap it on a t-shirt and start selling it

everywhere you’re probably gonna get sued for that don’t do that

just find a way to do something without actually using copyrighted materials so

that’s my tip there for this one the 2020 elections coming up and if you’re

not in America you probably have an election cycle as well where you can

find a way to monetize it and it’s not just selling bumper stickers or t-shirts

or something there’s a lot of other ideas behind this one and we’ll move on

here ,  but I want to leave you with one last thing that you know when you think about campaigns there’s a lot of money being injected into campaigns we’re

talking thousands we’re talking millions

of dollars for some campaigns.

and they need yard signs they need all kinds of apparel they need pens that have

their company on it or sorry their campaign for it so there’s so much money

floating around in politics it’s absolutely ridiculous and you can certainly tap into that and make some money off of it’s just my idea and I think it works pretty well the next one.

here is by becoming a drone pilot so a

commercial drone pilot the way to think

of this is look if a business wants to

do some shooting for maybe they want to

do like a tour of their campus or they

want to get some really nice commercial

shots for a commercial well in that case

you can’t just fly drones around for

commercial purposes in the United States

for the most part so what you need is a

license to do that now if it’s a

recreational drone usage that’s a

different story you can look into this

in the US and the laws on it but in a

lot of cases businesses are

wanting to have to find a licensed drone

pilot to get some drone footage for that

mean you can become that person I don’t

want to downplay it it’s not something

that’s very easy to do you do have to

become licensed you do it to pass a test

but you can charge a pretty premium

amount of money to help people do this I

know multiple real estate agents who

will pay people to do flyovers of the

property and get some pictures and

videos of the house or the property that

they’re selling and that’s something

that you could do to make some money I

know some people who have done this and

have made quite a bit amount of money

especially you know 20 30 $40,000 per

year on the side do it on the weekends

and make some money off of it’s just

certainly idea that you can explore the

next one here is something that’s might

might be a little bit more difficult to

actually achieve at first especially if

you’re starting with the lower amount of

money but it’s one that I just find so

interesting and this is a little bit of

a personal story here but when I was

down in Panama I was staying in a

hospital for a couple of days and I was

talking to this this man who was

probably coming up on 40 and I thought

he was just staying there so a hostel

essentially is is where you’ll have many

people kind of sleeping in the same room

bunk beds but it’s usually like 10

dollars a night so for travelers they’re

called travelers hostels well it turns

out that this guy actually bought this

hostel back about 15 years ago and he

just lives down in Panama sometimes he

has people running it for him other

times he just goes on vacation for a

while maybe it’ll come back run in a

little while but he’s making a pretty

decent amount of money we didn’t talk

about the finances of this hostel that

he owned but it’s essentially kind of

thinking like a hotel but just more

people in more rooms but you can still

make a decent amount of money off of it

and if you’ve ever stayed in a hostel I

would say that they’re actually really

cool I really like them I’ve met so many

cool people made a lot of friends at

hostels throughout the world throughout

my travels and it’s just something you

could start your own hostel now you

could buy one you could start one

depends on zoning laws obviously but

this is something that probably you’d

want to look into once you have a little

bit more money to at least get a down

payment on a property this isn’t

something you just start off with

absolutely no money when you’re 14 years

old it might be a little bit difficult

but something for the future so let’s

talk about the next one here

which is not necessarily a business idea

this this is the only one on here that’s

really not

a specific business but it’s still one

that I think is something that you could

certainly explore and do on the weekends

do just from time to time if you want

some extra money for vacation or you

wanna get some Christmas presents for

some people and you want some extra cash

then I would consider charging electric

scooters now if you don’t live in a city

this might not apply to you as much but

I know for example when I’m every time

that I’m in Los Angeles and I’m walking

around and getting some tacos at night

right and I see these u-hauls pulling up

and people throwing hundreds of these

electric scooters like the line bikes

this the bird bikes spin wind I think

there’s like a dozen different brands of

them but you can get paid a few dollars

per scooter to charge these but when I

started running the numbers on this and

and there’s videos on this you can look

at Reyes the entrepreneur he made a

really good video about charging

scooters but these people can be making

hundreds of dollars per night by renting

u-hauls and charging hundreds of

scooters per night and making only a few

dollars per scooter but when you do the

math on that they can be pushing a

thousand dollars per day by charging

scooters now the one thing I want to

caution you on this and the reason why

it’s not really a business is because

you’re really in the hands of these

scooter companies you don’t know the

future you don’t know if these scooters

are gonna be around forever you don’t

know how much they’re going to be paying

in the future so because of that it’s

not something you can plan off of long

term but more so just kind of like this

gig that you can do on the side to make

some money all right so the next one is

to build funnels for businesses now the

best way to explain this is is

especially when you look at education

businesses right so say people who are

selling online courses or some other

type of digital product which I don’t

sell online courses I never will on this

channel but there’s some people who do

and you know to be honest let’s be

honest about 90% of courses that are

sold online like these $2,000 showing

you how to make a course course are just

really not worth it but there are ones

that are worth it and there are some

people I have lots of friends who are

selling online courses that are very

much worth it that are actually packed

with knowledge so what you can do in

this case is not to sell an online

course yourself but rather to build

funnels for people who are selling

digital products so I have a couple of

friends who do this and they’re making a

lot of money off of this so well when we

talk about funnels what we’re talking

here is essentially your gonna help

businesses bring in emails right so

they’re gonna find some type of a lead

magnet right help them collect emails

and then sell them a product which then

you can sell another product which then

you can lead them into another product

and essentially creates this funnel

where you’re funneling these people in

just from an email where they enter

their email address and suddenly they’re

getting pitched all these things and

some people get spammed with it a lot

but honestly it really does help

businesses and they’re willing to pay

people a lot of money we’re talking

thousands of dollars per month to help

them with their funnels building these

funnels for businesses so something that

you should definitely look into and like

I said Ivan I know a couple people who

are making thousands of dollars tens of

thousands of dollars per month by

building funnels for businesses you can

look it up you don’t have to be a rocket

scientist to do this there definitely is

a lot of skill but it’s a lot of stuff

that you can just learn over time over

the coming months learning how to do

this and collect emails and send out

these emails and build these

autoresponders and just work with these

businesses to make a lot of money and

they’ll be happy to pay you a lot of

money if you’re pulling in an extra

twenty thousand dollars for them per

month and you’re gonna take four

thousand off from that if they’re not

gonna mind they’re still making sixteen

thousand dollars in a lot of cases so

another idea here is more kind of

small-scale on that you can scale this

up quite a bit but I wanted to include

something that people can start with

with not very much money they can start

from their home somewhere and that’s

just a simple screen printing business

now I don’t know why I’ve never really

mentioned this on this channel before

but to give you a prime example here

let’s look at college campuses right so

college campuses there’s so many clubs

at college right and they need somebody

to print these shirts for them or

they’re bringing out like a new shirt

every month or so for their club for

certain events or maybe sororities or

fraternities and they need these shirts

made you can do screen printing where

you’re essentially just printing on a

t-shirt or on clothing and selling it to

these college students in these clubs

and organizations not only that but

churches to other schools you can sell

them to different community events

there’s a lot of money to be made when

it comes to screen printing and it’s

something you can set up in your

basement in your garage you will want to

have some equipment it might cost you a

couple thousand dollars to really get

started with it but then you can just do

some guerrilla marketing around college

campuses

to start to really gain some clients and

start to get your name out there a

little bit now obviously you can scale

this up you look at some of the top it’s

a screen printing print on demand type

of companies these companies are pulling

in millions of dollars per month

through these screen prints through this

screen printing so it is something that

you could explore that you could further

further increase your income now another

one here that I wanted to share with you

is maybe something I have mentioned

before on this channel but it’s so

lucrative it’s it there’s so much money

in it and that we have to mention it in

this video and that is by becoming an

expert on running ads for companies now

look if you look at the average age of a

CEO you look at the average age of

people who are leading a company they’re

generally pretty old they’re not senior

citizens but they’re generally pretty

old and their 40s and their 50s or even

older in a lot of cases a lot of these

people don’t know that much about social

media they don’t know how to run ads on

Instagram they don’t know how to run ads

on snapchat or on tik-tok or even on

Facebook or YouTube or Google so if you

can become an ads expert you can make a

ridiculous amount of money I’m talking

tens of thousands of dollars per month

and this is something that you can learn

for free you don’t to pay for a two

thousand dollar Facebook Ads course you

can do this for free

looking up YouTube videos on how to run

Facebook ads maybe pay $10 for some

udemy courses and you can learn quite a

bit by just doing some trial and error

helping companies make money through

Facebook Ads through Google Ads through

YouTube ads because there’s certainly a

disconnect between the universities and

actual real life marketing okay trust me

I spent a few years learning marketing

in school at Penn State and not to bash

on any professors or anything but if you

have a professor who’s and this happened

to me many times

who’s 60 or 70 or even older and they’re

trying to teach you about Facebook ads

or they’re trying to teach you about

social media marketing but they’ve never

worked for a company they’ve just been a

professor for for 40 years of their life

it’s difficult for to really translate

that message into the real world of

social media marketing so if you want to

get good at it start doing it yourself

started learning it yourself online and

then start to market those services to

companies and a lot of people ask well

how do I start to do that how can I

actually approach a company and say I

want to run ads for you I want to run

ads on Google or on Bing or on Facebook

for you and charge them money and a

great way to do this is to just offer

those services for free at first say

look I’m willing to help you run some

ads I’m not gonna get paid you the

business simply pays for the cost of the

ads but I work for free for you because

I want to just better myself with this

and I think I can really help you out

and start to do some trial and error

things with that start to make some

money with it and then start to use

those businesses of as reference points

for future businesses in the future

there’s a whole process behind we can

talk about that later on in a different

video

all right so number two is to build chat

BOTS for companies web sites now you

don’t have to be a genius to do this it

can still be pretty difficult I don’t

want to downplay it but it’s something

that you could look into and that is by

helping companies with their websites to

have these chat BOTS where essentially

when you go onto a website today and you

have a question but you’re not sure

who’s going to answer the question but

then you have the little bar that pops

up on the side where it’s essentially

this computer that you’re talking to you

that helps you with your questions right

a lot of companies have this but still

today in 2019 a lot of companies don’t

have this option you can pitch this to

businesses tell them that you can build

a chat bot where essentially people

interested clients interested customers

can talk to this bot that you’re able to

set up for them and it’s very lucrative

if there’s a lot of money in this trust

me look into it for yourself building

chat BOTS it’s something that look it’s

not gonna be just clicking a button all

day and making a lot of money I think

the problem with a lot of these videos

and blog post that I see about business

ideas or making money they talk about

how to make a hundred dollars an hour by

clicking a button but the truth is look

you got to do something that most people

aren’t willing to do or that most people

aren’t able to think about and that’s

how you’re really gonna make more money

you will always get paid for what you’re

worth and if you’re just clicking a

button for online surveys you’re not

going to make a hundred dollars an hour

there’s some type of scam behind it

there’s something behind it that’s just

not very much worth it and your end up

really not winning right so building

chat BOTS it’s something that does take

skill a lot of these do takes gives a

lot of these business ideas in this

video we’re not something you can just

walk in and start doing but

anybody could do it then you would be

getting paid a lot less just keep that

in mind and I’m gonna leave you off with

the final one here which is not

necessarily one specific business idea

but I just think it’s so important to

really think this way if you’re trying

to find some type of business to start

for yourself

coming up on 20/20 here and that is to

think big it’s to find inefficiencies

within society whether you can make

something faster whether you can make

something smarter whether you can make

something more efficient in one way or

another is going to make you money so if

you can find something that saves time

where maybe this daily task was taking

people 15 minutes a day and now you have

a new product or a new service then now

it only takes people 30 seconds per day

those are the type of items that turn

into a billion-dollar company so just

keep that in mind any time in your life

where you get frustrated with something

and I do this myself

and this is what inventors do they find

anything that they get frustrated with

they say this it really takes too long

this is inefficient this is annoying I

don’t like this and then say well why

don’t I like this why is this

inefficient and then find a way to make

it better find a way to make that

product better make that service better

and it’s just a way to really truly find

a great business and going into this a

little bit further you can you think

about the sharing economy as well if

you’re trying to start some big

multi-billion dollar business look at

the sharing economy you’re gonna get a

lot of good ideas from this think about

Touro the the car app but essentially

you can rent out your car to people

think about uber right that is a sharing

economy type of idea think about Airbnb

or renting out a room in your home

you’re sharing one of your rooms think

about we work right we work offices is

this sort of sharing economy idea where

people are able to share this workspace

with other people these companies are

making a ton of money off of this we

work as a multi-billion dollar company I

think they’re actually still losing

money but there’s still a multi-billion

dollar company the person who founded it

is I’m not sure if they’re a billionaire

I think they are a billionaire but they

have millions of dollars the Airbnb

founders the founders of uber the

founders of all these different apps and

services that create this sharing

economy type of idea is something that

you can look into so if you felt value