7 Profitable Business Ideas for 2021

hey everyone welcome back to the channel so i haven't made a video like this in quite a while but today we're talking about some different business ideas that i've been thinking about for a while and i wanted to share with you because i think there's a tremendous amount of opportunity in each one of these different seven business ideas that you could use this year now a couple of quick notes here first of all i don't really make a lot of these videos anymore because i feel like the whole industry of how to make money just got really scammy with people trying to sell all of their courses so i don't really want to be associated with that i don't make a lot of these videos anymore but nonetheless these are some cool ideas that i've been thinking about for a while that i did really want to share with you so if you are new here make sure you do hit that subscribe button and i guess the like button if you want to do that as well oh and also just watch out for like the 50 fake nato brian's like scamming people everywhere i don't know whatever i'm not going to sell you anything okay just remember that uh now the first business idea that i was thinking about that you know i actually really see a lot of opportunity here and there's no cost required with this is some type of influencer management so here's the best way to explain this and why this can be such a great opportunity uh first of all there is no cost associated with this you don't have to have any startup costs but when somebody like a youtuber for example me i guess i count as a youtuber um when i get brand deals when a company wants to sponsor me i don't really want to spend the time talking to them and negotiating with them i'd rather spend my time working on other projects and making making more videos for example so i end up working with a manager now this manager basically just facilitates deals they they put together brand deals and sponsors so they work with both the influencers and with the brands of the companies and they bring them both together and then they take a piece of the pie here they take a cut anywhere traditionally between 10 and 20 of these sponsor deals that a lot of influencers do so you can imagine if uh somebody's getting twenty thousand dollars for a youtube video if you are uh an influencer manager then you could get a ten percent cut of that uh twenty thousand dollar deal and you could get two thousand dollars for just working with both the influencer and the brand now i actually found this actually really i don't think is very difficult to start i work with a couple of different managers and they bring me deals and i just take the best ones that that i want to personally work with um but i think anybody can start it but i basically just reaching out to a lot of influencers and then reaching out to brands and just putting them in contact with each other and managing those deals maybe i don't know if we're going to make a more in-depth video on this but i really do think there's such a great potential for something like this and it doesn't just have to be youtubers it could be for tick tock influencers or various different types of influencers as well just remember putting those two together the brands and the influencer connecting them and you can end up taking a cut from that and i think it's a pretty great business model okay the next one uh is going to be for people who are a little bit more hands-on you're gonna find that within these seven different ideas some of them are going to be ones you can just lay in bed and make money and others are going to be a little bit more physical but i wanted to include both here because i know some people would rather just work with their hands so the next one i think is really fun it is converting vans so there's been this really big trend for van life that i've seen recently in the past year or two especially and so a lot of people want to live in vans i know my friend did this a couple of years ago he bought a van and then he fully did a full conversion on it he built out the inside he put a bed and a sink and a couple other different things in there but what's crazy about this is that you can actually build out vans for other people and make a lot of money from this so for example here my friend who bought this van for about some twenty thousand dollars he could go and sell his van that he converted and he could sell that for at least double the price probably get 45 or 50 000 for that van simply because he did that full conversion so this is a really cool idea that i i think i've just been thinking about for a while because it turns out you know there's a lot of people who don't know the difference between a hammer and a screwdriver and so they can't convert this van themselves they can't turn this into like a little home themselves so they want to pay somebody else to do it so if you are skilled with carpentry or you just have some basic skills with building things then i would consider just making it like a small little side business i know there's so many people looking to have somebody else build a van out for them you know maybe somebody who lives in new york city and they're making a lot of money they don't have the tools or the resources to convert their van so they'll just hire you to do it there's a number of ways to market this service but um if you get into that van life area on youtube or on social media you could probably find some clients on there or maybe just start to buy vans and convert them and then sell the vans but really you don't even need to do that you can just build them for other people and not have to really have many costs associated with that okay so the third idea is going to be a monetized newsletter this is another one that i've been looking at for so long and i honestly wish i could do this myself but i just have too many other things that i'm working on right now but i think there's so much potential here is monetize newsletters okay so if you are familiar with morningbrew it's a company that sponsored some of my videos in the past and this company it's just an email newsletter anybody could start something like this and i think last i checked they were valued at about 50 million dollars i'm not sure what the article was i'll throw it up on the screen here but it's just a basic email newsletter this started out i think about five years ago and they are making so much money by giving a free newsletter to people who sign up for it now how does this company make money how does this newsletter make money uh well they end up getting sponsors and they do a lot of affiliate marketing in their newsletter so imagine if you have a million people reading your newsletter every single morning there's so much power and value in that that you can sell ad spots to different brands and so i i would really suggest starting something like this once again there's really no cost associated with it maybe you're gonna have to pay for some autoresponders for maybe some some email services um but if you start off with something like mailchimp using that to send out emails you can get i think the first couple thousand email subscribers for totally free the problem here could be a little bit labor intensive uh if you don't like writing email newsletters every day could be a little bit annoying and also it could take a while to get it going but i still think it could be one of the best ideas out there okay now the next one is going to be renting out cameras so i know a lot of photographers and videographers and even youtubers who might not want to buy like a new red camera some of those really expensive five or ten thousand dollar cameras uh because maybe they just have one shoot that they want to do uh or maybe they just have one project that they need to borrow some equipment and so there's actually a whole business opportunity within this uh uh different scene here which is by renting out equipment especially like cameras or different types of audio gear to photographers and two videographers uh and and four people who need some type of things like that so um i i know a couple of people who do this actually i only really know one person who does this really really well there are a couple of caveats here a couple problems with it but the cool thing is that you know imagine you can buy something so you can buy something for five thousand dollars and then you're renting this out multiple times per month for maybe a few hundred dollars per day and you're able to really make a lot of money from this one physical object that you have and you could take this same idea of renting out cameras to photographers and videographers and you could apply it to maybe a field that you're maybe well versed in uh maybe something that you have a lot more knowledge about um i remember seeing people who would uh rent out log splitters for a day uh because you know some people want to get their own firewood and so they cut down a bunch of trees on their property but they don't have any way to split the wood so i would see people rent log splitters for a hundred dollars a day and they would rent them out and the log splitter will only cost them two thousand dollars to begin with and so they were able to make their money back within uh only really a couple of months and then it just really just basically printed cash for them so that's an idea as well just think about what you have around your house or something that you're already pretty well experienced with especially maybe what you do for work or what you do for a job and then think about the different items that you could potentially rent out to people a couple of problems with this though is that you know you have to make sure you do this properly you got to make sure that you have the contracts you got to make sure you have insurance um you know because if somebody rents your camera they drop it you don't want to be out of 5 000 you got to have to make sure you have some things set up for that so if you want to explore that route make sure you just look into it a lot more because there are going to be a couple of caveats there but i do think it could be a business that could end up printing you some money now the next one here is it's not going to be some crazy you know start your own tesla but it's one that i i love including this in my videos i know it's march right now so i don't know how many people watching this are actually going to really take this um but mo lawns lawn care it's the most simple business model in the world this is how i paid for college uh this was one of my first businesses and it is the best cash producing business that anybody especially teenagers if you're in high school if you're in college you want to make some money this summer mow lawns you can set it up pretty simply you can do some crazy marketing in your local area craigslist facebook you can use a different things like doing actual posters around on different billboards and you can market this service for you know forty dollars fifty dollars per lawn and you can get 10 or 20 lawns you can do those all in a weekend you can make 500 or a thousand dollars in a weekend by doing this and i made a video about this maybe three years ago on my channel i'm talking about how i structured this and how i did this when i was mowing lawns but you don't have to reinvent the wheel to make money and i think sometimes so many people are going out and just trying to be the next elon musk they're just trying to make the new amazon and that's fine you can do it but i think there's a lot more potential for success when we go for simple business models of understanding your expenses understanding uh your potential profits and just being able to pump cash out from a simple business like mowing lawns so i'm always gonna love that one uh and and i do think that people should consider that especially because it's march right now so now is the perfect time to get a lot of lawn care clients so the next idea is to edit podcasts because there are so many podcasts out there right now and it feels like everybody thinks that they're the next joe rogan and they're just starting a podcast which is cool that's fine i'm sure there are a lot of next big up-and-coming podcasters but why not make money off of those people who are all starting their podcast it kind of reminds me of the gold rush in that saying that the people who really made money in the gold rush it wasn't the miners it was the people selling the shovels to all of the miners right so this is something that you could do with editing podcasts for a bunch of different people um i know that i've probably been on maybe a couple dozen podcasts over the past year i feel like the the biggest problem that they seem to have when i just talk to these people is they say you know i really wish i could speed things up by hiring somebody to edit my podcast episodes for me i swear i've seen at least a dozen people say that and they all have that problem where just take some time to edit so why not reach out to a ton of different podcasts and offer to edit those podcasts for them for a certain price i don't know what would be the good price point you could set that for yourself i would suggest probably starting off at a really low price point and then once you get a bunch of customers then you can start building up that price point to the point where your schedule is full and then you can start raising the prices and that's kind of how i would go about doing that but that's something you can do from your home as long as you have a somewhat decent computer and then you would be able to edit podcasts for people and you could edit videos youtube videos i know a lot of youtubers who are always looking for video editors as well and that leads us into the last one which is also not going to seem like a revolutionary idea but i know personally this is where i pay most of my money from our business which is just by paying writers so you could do some basic content writing for blogs reach out to a bunch of blogs and just ask them if they need content written and what they're offering to pay per word so i know that we'll pay anywhere from six to ten cents per word for blog articles sometimes i see people who are paying upwards of 20 or 30 or 40 cents per word for very specific articles that they need written and you could do this from literally anywhere we have a lot of contractors that we work with who are living out in the desert somewhere and they live in vans and they just wake up in the morning and they might crank out a couple of articles for us and we pay them and it's a really great business model for people like that basically freelance work you're not going to become a multi-millionaire off of something like that but i know people who pay their bills uh by just doing some basic writing for people so especially if you're skilled with that i know i'm not a writer there's different types of communicators there's people who are great at speaking there's people who are great at a visual right they're able to create good artwork and then there's people who are great with writing i'm not good with writing i'm not good with visuals i'm also not great with speaking but either way you know that's kind of the ideas that i had here for this video i hope you found some value i i hope you can run with one of these or at least maybe be inspired by one of these uh and i wish everybody the best of luck if you end up starting one of these let me know send me a dm and of course watch out for all the scammers as well all right peace out guys

Channel: Nate O'Brien

Views: 768,913

Rating: 4.8978558 out of 5

Keywords: nate o'brien, business ideas, how to start a business, profitable business ideas, work from home, ways to make money online, starting a business, business ideas 2021, small business ideas, best business ideas, new business ideas, home business, start a company, business idea, profitable business

Id: 0Q7HCaKq-j4

Length: 13min 18sec (798 seconds)

Published: Mon Mar 15 2021