Online Business Ideas – Low Fail Rate
Best Business Ideas – Online Low Risk Businesses You Can Start
First: What Makes A Business Fail
Lack Of Funding
Lack Of Planning
Lack Of Marketing
Second: What Business Have The Highest Success Chance “according to the other guys”
1. Vending Machine
2. Cleaning Service
3. Self Storage
4. Personal Trainer
5. Lawn Care
8. Dump Truck
9. Rental Property
10. Online Selling
14. Sell Candy?
15. Staffing Agency
16. Online Tutor
18. Content Creator
Third: What Business Backed By Data
Are Virtually Guaranteed To Succeed
1. Online Service Based Business
2. Online Content Creator Business
3. Online “MiddleMan” Business
4. Business Marketing Services
5. Fix Up Old Ranking Websites
6. Help Influencers Make Money
7. Affiliate Marketing Business
Today, I’m going to show you seven businesses that are virtually guaranteed not to fail. “Wait a minute, did you say guaranteed?”
Yep, that’s right. If you follow these examples, you can make money and this is backed by data.
And in order to prepare for this video, actually paid people to transcribe the top videos that we’re talking about no fail businesses and what I found was less than impressive. A lot of people were rehashing the same generic business ideas that really doesn’t teach you much about anything.
And one of the top videos I actually found out blatantly plagiarizing someone else’s videos. So if you’re looking for generic advice like lawn care or be a personal trainer, this video probably isn’t for you. However, if you’re in search of online businesses that are virtually guaranteed to succeed, backed by data that you could start for less than a hundred bucks, then pay close attention to this entire video.
Maybe even watch it twice so you don’t miss anything. Now, in order to get to these seven businesses that are guaranteed not to fail, we need to talk about what makes a business fail. What is it that inevitably makes the business end? Well, let’s take a look. The goal of a business is essentially to make money. So it’s logic to assume businesses fail because of lack of money.
That seems pretty simple. But why does this end up happening? Well, first of all, people might start a business with money and funding and happy thoughts and good ideas. But at the end of the day, it’s going to fail because of lack of planning no matter how much money it starts with. We see this with startups all the time that are basically starting a business hoping that something works and then they have bad marketing or bad planning and eventually they run out of money. And when they run out of money, they’re pretty much out of business.
Now, there is one business model that kind of transcends this, and that’s the business model like Amazon or Carvana, where they’re losing a bunch of money up front to basically take over a market. But unless you have like a billion dollars in your pocket that you’re willing to blow on a business so you can dominate a market, that’s probably not going to work for you. Which is why I don’t think it’s wise for small entrepreneurs to take the advice of billionaires. Because oftentimes their business models are different, their funding is different, and they’re not exactly in your shoes. When I started my first business years ago for less than a $100, I had to make it work. I didn’t have a bunch of funding or backing or anything like that. I had to rely on my skills, my work, and my ability to help other people. And this is key when starting a new business. You need to start lean, mean and ready to grow.
Lean meaning very little budget. You don’t want to rush out there and get a $10,000 a month overhead before you even open your doors. Not unless you know exactly what you’re doing. And that’s why all the businesses I’ve started since the time I was 19 years old have succeeded because I started small, kept them small until we started to grow, and then I invested. And even then, I was super cautious about my overhead and what I was spending money on. And this is why I’ve stayed in business for 23 years and lots of other people doing the same kind of stuff fizzled out within the first year or so. So if you want to make sure that your business doesn’t fail, keep an eye on the bottom line, aka how much money you got in the bank. So now we know that most businesses fail because of bad marketing, lack of planning, or low funds.
When you run out of money, you’re pretty much out. So let’s talk about some of these other videos and what they’re talking about with no fail businesses. Now, when I was doing research for this video, I was looking at some of these top videos and I actually got the transcripts and found out that some of them were blatantly plagiarizing other videos. It was almost word for word.
And I had to go back and ask myself, “Did I print this twice?” And the answer was no. One of these people was literally copying the other one. And a lot of these people were talking about the same kind of businesses with a high success chance, like starting a vending machine business or a cleaning service or some kind of self storage container place, which sounds pretty expensive to start if you ask me or become a personal trainer. But what if I don’t want to be a personal trainer or deal with lawn care or number six, farming? How is farming a no fail business? Throughout history, farmers have failed like crazy. In fact, when I lived in California, I knew a dairy farmer who couldn’t even pay for his cows to eat. Luckily, some other company acquired him and the cows got fed. Some people were talking about recycling businesses, getting a dump truck, rental property, online selling. Selling what?
Open a laundromat, healthcare, can you be any more generic? Transportation, selling candy, start a staffing agency. I thought this one was actually pretty smart, only it lacked the details to get started. Become an online tutor, a freelancer, or a content creator. And while most of this list is really generic and really expensive to start and actually does have a pretty good failure rate, there were a couple that I actually liked. And that brings us to the part you’ve all been waiting for. My seven businesses backed by data that are virtually guaranteed to succeed. Disclaimer, the results are not typical, implied or guaranteed. This is a business. There is risk, there is reward, and the average person trying to “make money online” makes nothing. Number one is an online service based business. Think services like fiber, only not using fiber to get customers. Or if you are using fiber, using that to get low end customers and put them into something bigger.
To show you an example, millions of businesses are started online and offline each and every year. And a lot of those businesses need a business name. And so they turn to the internet to find business name generators. You could literally start a business where you help people find business names and help them come up with business names, charge them a little bit or do it free, and then sell them business cards and web hosting and domain names and all the things that they’re going to need for their new, wonderfully named business. Or you could start a simple service where people are writing articles for businesses or helping them getting ranked on search engines or video editing, accounting, you name it. There’s lots of online service based businesses that you could start for next to nothing. And the reason these work so well is because it’s a high profit margin.
Basically, you’re trading your time for money or when you start to grow, other people’s time for money. And the only real cost you have is advertising unless you do free social media marketing advertising. Which, if you want to learn about that, smash the like button, check out my other videos. Number two is to be an online content creator. Every day, hundreds of millions of people are looking on YouTube and TikTok and searching Google and doing all kinds of things to find information about specific topics. Just last night, my wife found these videos with tons of views about funny dog teeth. And as you could see here, lots and lots of people are searching for dog teeth every day. And you could see here on YouTube, people are watching videos with funny dog teeth. So your job would quite simply be to create content about a topic, funny dog teeth, accounting, how to tie a tie, or whatever it is.
We call this the wikiHow business model, actually did a video on this last week. You should definitely check out the link and the description for that, where you’re actually making content and getting paid when ads are run on the content or selling your own product, drop shipping, or even affiliate marketing. And you can become an online content creator, get lots and lots of views and make lots of money. Number three is to be an online middleman business. This is where you are going to go out there and find a business that needs customers, needs people to sign up or whatever it is. And you are going to insert yourself as the middleman in this business. Think drop shipping, drop servicing, selling products, and adding an installation or a bonus or an extra software or tips on how to use it. And on and on we go.
Being a middleman is a great way to make money. For example, if you were to look up Canva tutorial, there’s lots of people teaching you different ways to use Canva, and they’re getting you to sign up with Canva, providing the service. And when you sign up for Canva, they give you their extra videos or whatever it is, and they put money in their pocket as an affiliate of Canva. I did this years ago with drop shipping, where we added a little bit of value to the gas powered scooters we sold and actually showed people how to use them and put them together and everything like that. It was super simple. Took a couple minutes and drove my sales through the roof. And that brings us to number four. This is where you would sell your services to a business. Maybe you’re good at social media or finding new customers or managing Facebook groups or putting together YouTube campaigns or whatever it is.
And if you’re not, you can learn it pretty quickly. And you go out there and find businesses that need help with marketing. Think local businesses, older businesses that haven’t yet caught up with the times. Personal trainers, dentists, all kinds of stuff like this, they all need online marketing to stay ahead of the times. And you could charge them a 100, 200 or several thousand dollars a month depending on the size of the business and how many new customers you can drive them. Again, want to learn more about this model? Check out the links in the description. And now number five is one of my personal favorites. This is to fix up old ranking websites. Each and every day, I’m out there looking at the domain auctions to find out what domains and websites I can buy, fix up and run as an affiliate, a drop shipper, run ads on or whatever it is.
Here’s a domain I got just last week for $141 that had all kinds of rankings about plumbing. I can use this to generate ad revenue, drive customers to plumbers, sell different faucets and products like Home Depot stuff as an affiliate. And on and on we go. Here’s one I bought for about $1,200 that was all about pet rabbits and how to take care of your pet rabbit and different products to take care of your pet rabbit. And as you could see, the domain actually ranks right now for lots of this traffic, meaning all I have to do is put some content up and boom, I’m ready to profit. And apparently bunny rabbit leashes are pretty popular. I could use this domain to sell all kinds of pet products. And that brings us to number six. There are lots and lots of influencers that are out there getting lots and lots of traffic, but they’re not so good at making money.
If you learn how to make money with affiliate marketing, drop shipping, drop servicing, or any other method, you can reach out to influencers and make a ton of money helping them monetize their audience. This is something I’m getting into with our new social profit plugin where it does kind of what Linktree does only in a better way that helps people make a lot more money and get a lot more traffic. And that brings us to number seven, my all time favorite method to make money online, which is virtually guaranteed if you don’t give up, affiliate marketing. This is where I go out there and find a market. In this example, it’s how to get a bigger booty. Apparently, lots of people want exercises and workouts for that. And we can see here, the Butt Trainer affiliate program pays $36 per sale. All they have to do is sign up for the trainer.
I get 36 bucks and boom, we’re in business. And since people are literally searching for anything from different grammar mistakes to instructions on how to lose weight, or write a check or sound proof of room to different products they can buy on Amazon. Hint, Amazon has a huge affiliate program or even different things that Canva does. All you would have to do is create content either in the form of writing, a video, text, infographic, whatever it is, put it in front of people and sell products as an affiliate. And this my friends, is how I’ve made over $12 million on the internet from the comfort of my own home. And if you want to learn more about how I make money online, check out the videos in the description.