Best Business Ideas – online low risk businesses you can start

What causes a business to fail?

Inadequate funding

Inadequate Planning

Inadequate Marketing

What Business Have the Highest Success Chance “according to the gurus”

1. Cleaning Company

2. Self-Storage Solutions

3. Personal Trainer

4. Lawn Care and Lawn Maintenance

5. Recycling

6. Dump Truck

7. Vending Machine

8. Farming

9. Property for Rent

10. Online Sales

11. Laundromat

12. Healthcare

13.Transport Stuff

14. Selling Candy

15. Staffing Agency

16. Online Tutor

17. Independent Contractor

18. Content Creator

What Businesses Backed by Data Are Virtually Guaranteed to Succeed

1. Help Influencers Make Money

2. Online Content Creator Business

3. Online Service Based Business

4. Online “Broker” Business

5. Business Marketing Services

6. Affiliate Marketing Business

7. Fix Up Old Ranking Websites

Today, I will show you seven business models that are practically guaranteed not to fail. "Guaranteed?" "Did you really just say, guaranteed"

Yes! That's right, truth be told. Assuming you follow these models, you can start quickly bringing in the cash and this is supported by the data.

So, if you're looking for general advice like lawn care or how to become a personal trainer, this isn't the site to visit. However, if you're looking for online businesses that are almost guaranteed to succeed, backed by data, and that you can start for less than a hundred dollars, pay close attention to this.

Perhaps read it twice to ensure you don't miss anything. To get to these seven businesses that are guaranteed not to fail, we must first discuss what causes a business to fail. What is it that always causes the business to fail? So, let us take a look. A business's primary goal is to make money. As a result, it's reasonable to assume that businesses fail due to a lack of funds.

That appears to be quite simple. But what causes this to happen? To begin with, people may start a business with money, funding, and happy thoughts and good ideas. But, in the end, no matter how much money it starts with, it will fail due to a lack of planning. We see this all the time with start-ups that are basically starting a business in the hopes that something will work, but then they have bad marketing or bad planning and eventually run out of money. And when they run out of cash, they're out of business.

Now, there is one business model that sort of transcends this, and that is the business model used by Amazon or Uber, where they lose a lot of money up front to essentially take over a market. But, unless you have a billion dollars in your pocket to spend on a unicorn business in order to dominate a market, that's probably not going to work for you. That is why I believe it is unwise for small business owners to follow the advice of billionaires.

Because their business models are frequently different, their funding is different, and they are not in your shoes. I had to make my first business work for less than $100 when I started it years ago. I didn't have a lot of funding, backing, or anything else. I had to rely on my abilities, my work, and my ability to genuinely assist and help others. This is especially important when starting a new business. You must start lean, mean, and ready to grow.

You don't want to rush out there and secure a $10,000-per-month overhead before even opening your doors. Not unless you're sure what you're doing. And that's why, since I was 24, all of the businesses I've started have succeeded: I started small, kept them small until we started to grow, and then I invested. Even then, I was extremely cautious about my overheads and what I spent my money on.

And this is why I've been in business for 15 years while many others who do similar things fail within the first year or so. So, if you don't want your business to fail, keep an eye on the bottom line, or how much money you have in the bank. So now we know that most businesses fail due to poor marketing, a lack of planning, or a lack of funds.

When your money runs out, you're pretty much out. So, let's take a look at some of these other gurus and what they have to say about no fail businesses. The gurus are all talking about the same types of businesses that have a high chance of success, such as starting a vending machine business, a cleaning service, or some kind of self-storage container place, which sounds pretty expensive to start if you ask me.

But what if I don't want to be a personal trainer, or deal with lawn care, or farming, or any of the other options listed above? How is farming a fail-safe business? Farmers have failed spectacularly throughout history. In fact, I know a dairy farmer who couldn't even afford to feed his cows. Fortunately, he was purchased by another company, and the cows were fed. Some gurus were discussing recycling businesses, getting a dump truck, renting out property, and selling online. What are you selling?

Can you be more generic - healthcare or even open a laundromat. Start a staffing agency, sell candy, and provide transportation. The staffing agency idea was actually quite clever, but it lacked the necessary details to get started. Make a living as an online tutor, freelancer, or content creator. And, while the majority of the ideas on this list are pretty generic and expensive to start, with a high failure rate, there were a couple that I liked.

And that brings us to the part you’ve all been waiting for.

My seven data-backed businesses that are virtually guaranteed to succeed.

Option 1

Online service-based business - think Fiver, but without using Fiver to get customers. Or, if you're using Fiver, use it to acquire low-end customers and funnel them into something bigger. To give you an example, millions of businesses are launched both online and offline each year.

And many of those businesses require a business name. As a result, they search the internet for business name generators. You could literally start a business where you help people find and come up with business names, charge them a small fee or do it for free, and then sell them business cards, web hosting, domain names, and everything else they'll need for their new, wonderfully named business.

Or you could start a simple service where people write articles for businesses or help them get ranked on search engines, or you could do video editing, accounting, or whatever you want. There are numerous online service-based businesses that can be started for next to nothing. And the reason this works so well is because the profit margin is so high.

Essentially, you're exchanging your time for money, or, as you progress, other people's time for money. And, unless you do free social media marketing advertising, the only real cost you have is advertising.

Option 2

The second option is to become an online content creator. Every day, hundreds of millions of people search YouTube and Tik-Tok, search Google, and do a variety of other things to find information about specific topics.

You can create content and earn money by having ads run on it, selling your own product, drop shipping, or even affiliate marketing. You can also become an online content creator, get a lot of views, and make a lot of money.

Option 3

The third option is to run an online middleman "broker" business. This is where you will go out and find a business that needs customers, people to sign up, or whatever. And you're going to act as a middleman in this transaction. Consider drop shipping, drop servicing, selling products, and including an installation, a bonus, extra software, or instructions on how to use it.

Being a middleman is a lucrative business. For example, if you look up Canva tutorial, and you'll find a lot of people teaching you different ways to use Canva while also getting you to sign up with Canva, which provides the service. And when you sign up for Canva, they give you their extra videos or whatever, and they earn money as a Canva affiliate.

Option 4

That brings us to the fourth option, where you would sell your services to a company. Maybe you're good at social media, or finding new customers, or managing Facebook groups, or creating YouTube campaigns, or something else.

And if you aren't, you can pick it up quickly. And you go out there and find businesses that need marketing assistance. Consider local businesses and older businesses that haven't kept up with the times. Personal trainers, dentists, and other professionals require online marketing to stay competitive. And depending on the size of the business and how many new customers you can drive them, you could charge them $100, $200, or several thousand dollars per month.

Option 5

And now we come to the fifth option, which is one of my personal favorites. This is to repair outdated ranking websites. Every day, I'm out there looking at domain auctions to see what domains and websites I can buy, fix up, and run as an affiliate, drop shipper, run advertising on, or whatever.

Option 6

There are a lot of influencers out there who get a lot of traffic, but they're not so good at making money. You can reach out to influencers and make a lot of money by helping them monetize their audience if you learn how to make money with affiliate marketing, drop shipping, drop servicing, or any other method.

This is something I'm getting into with our new social profit plugin, which does something similar to Linktr.ee but in a much better way, allowing people to make a lot more money and get a lot more traffic.

Option 7

That brings us to number seven, my all-time favorite way to make money online, and one that is virtually guaranteed if you don't give up - affiliate marketing. This is where I go out and look for a niche market. Amazon has a robust affiliate program, as does Canva. I suggest a web hosting service or something in software where you are able to generate recurring monthly sales. All you'd have to do is create content, whether it's writing, a video, text, or an info-graphic, and then put it in front of people to sell products as an affiliate.

And this, my friends, is how you can make money on the internet while sitting at home. Check out my other posts to learn more about how I make money online.

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