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
