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5 Most Profitable Business Ideas for 2020 🔥(UPDATED

5 Most Profitable Business Ideas for 2020 🔥(UPDATED


5 Most Profitable Business Ideas for 2020 🔥(UPDATED,if I was to go bankrupt tomorrow and ended up over a million dollars in debt these are one of the five businesses that I would straightaway to pay back that money as fast as physically possible Music hey guys my name is Nathan Chan on the Seon publisher of founder magazine and in this video Im going to be sharing with you the top five most profitable business ideas now just keep in mind these are online business ideas so you need to use the power of the internet and thats why you can make so much profit using these ideas Im going to share with you whats my background why am I qualified to teach this Ive ed a couple very successful companies a physical product business and a digital products business and Ive ed many other companies as well played around been doing this for six or seven years so Im sharing with you everything that Ive learned from my experience one of the top five profitable business ideas that you should all right guys lets jump in so the first idea is use your existing skills and freelance you know use like up work if youre a graphic designer go on up work and do graphic design work if you are a copywriter go on up work and deliver great copy to people and take on those freelance jobs like you have skills thats an incredible way to build a very very profitable business insanely fast whatever your skills are you could be a personal trainer you could be designer you could be a videographer you could be a video editor you could be a health nutritionist you can be a dietician you can do meal plans theres so many things you do you could teach piano like theres so many skills that you must have that you can go out there and actually provide a service to someone with those skills its one of the easiest businesses to its one of the most profitable businesses to because it cost nothing to it it costs nothing to deliver it except your time so you can make a really good amount of profit who like using a platform like upwork or going out pitching clients very very powerful so with full transparency Ive found a magazine you know we produce online courses we have courses on so many different things and we partner with all sorts of really successful entrepreneurs and founders that we call practitioners these are people that actually have a big business doing what theyre teaching and they dont make most of their money from teaching make most of their money as their business because I think its a massive problem gone are the days of like you know the age of internet gurus its just rampant so with full transparency we do have a course that actually teach you how to do this because I believe in this so much that if you want to a side hustle if you want to a business but dont know where to what are the skills that you have and go out and sell those skills as a service its so extremely powerful and you make a lot of money very very fast it doesnt cost you anything you can make a lot of profit so heres an example like one of our students from our course one of our courses that teach you how to do this package up your offer everything Marya from consulting Empire he was able to make thirty thousand dollars in only a few months from selling his marketing services to businesses like so extremely powerful super easy to roll out incredible business ideal so the second business idea is if you do have skills teach them online courses are extremely massive we see this at founder as another extremely profitable business model thats why we do have a course on it and its one that I actually teach whats really interesting is weve found that a lot of people want to create online courses and what weve found is having an online course based business is extremely profitable because you can create that course once and you can record it and then you can sell it an infinite amount of time so we created a course called infinite scale which teaches you how to do that package up your knowledge and turn it into an online course and what I love about that business model is its really really scalable and its extremely profitable because when you sell a digital product like an online course you have a hundred percent margin its not like software where you have to use developers and you have to create yes it is a digital product but you have to create that software and it costs a lot of money so selling online courses is an extremely profitable business idea and you know at founder were a multi million dollar per year company were a little bit different to most because we have many teachers we find other practitioners to teach were a brand but probably you just you you can teach it doesnt happen you have to create a brand around it you can be an individual and I teach that particular course so very very profitable business idea never gonna change its going to be an industry thats going to get bigger and bigger and bigger so the third business idea is ing an ecommerce business I have an ecommerce business with my girlfriend and partner Emily and its called health ish and thats a very very profitable company you can create products overseas like in China at the manufacturing you can even give them here produced here locally and then sell them internationally around the world now what I really like about an ecommerce business and how you can make it really really profitable is you can use like Instagram as a really really powerful way to sell that physical product so you know a lot of people say you have to use Facebook Ads and all this kind of stuff to sell your physical product you actually dont you can use Instagram its insanely powerful you know health issues a very very successful business insanely profitable its really really easy to maintain its really really easy to get up and running its really really easy to grow if you know what youre doing when it comes to using social media or even if youre not using social media you want to use Facebook Ads you still can be really really profitable ing a physical product based business so online retail is massive its only going to get so much larger you see a lot of people creating Amazon based businesses as well thats another space that you can play in but both those two particular area is selling a physical product online those kinds of businesses are extremely highly profitable based businesses that I recommend that you look at ing so an example of somebody doing this is Justin Kemper Minh hes one of our students from our ing scale your online store course so we do have a course on this weve got an incredible instructor that teaches this as well and we have tens of thousands of people that will help and grow their online store so Justin is one of them in the past year alone hes made over six million dollars from selling his physical products hes only years old like its crazy what you can do with the power of the Internet incredible business model another great business idea youve got to look into selling physical products really really powerful so the other business idea I have you ing a block now I know that might sound kind of simple but this is what I love about blogging its only gonna take your time to create content it takes a while but over time if you can boot up a large blog you can actually sell advertising and sponsorships which is very very powerful you know my friend Joel Brown who runs our website called addicted to success com he gets millions of visitors every single month and makes millions of dollars every single year like from his blog which is crazy its really really profitable thats another thing like all of these business ideas theyre very very profitable so you know if you just use your time to write these incredible articles and build up an audience and then you have a banner on your website you can sell ads you can sell sponsorships for these particular articles or posts and you make a hundred percent margin and thats what were talking about guys how do you build the most profitable business ever in this particular video so creating a blog and selling sponsorships or ads is another great way that you can a really profitable business so the last idea is to create a consulting or coaching based business now the reason I like that business once again is because its extremely profitable it only takes your time cost minimal amounts of money to up if you must have a skill or something that you can help people with so as an example one of our coaches Steve McLeod hes built a million dollar per year business and now he coaches entrepreneurs and for him to just get on the phone one hour a month or one hour every couple of weeks with me you know he charges thousands of dollars every single month its a very very profitable business idea and it doesnt cost much to set up and you can make a lot of money from doing it you can create a whole business around it you can go and eventually hire people so coaching is very very powerful if you have a health based business and you want to do fitness coaching online and theres people to do that if you want to teach something online like its very very powerful having a coaching business where you just help that person onetoone or onetomany where you can use online webinars and you can coach many people when you coach them live so those are my top five profitable business ideas I just cannot stress enough the reason that I chose these is because if I was to get bankrupt like tomorrow and I had to pay like a million dollars back in debt like these are the businesses that I see right now and the ideas and the models that are the fastest ways to make money but make a ridiculous amount of profit for the least amount of work as possible so guys I hope you enjoyed this video and if you did make sure you subscribe to this channel we post so many different videos on how to do all sorts of things to grow or scale your business we interview some of the greatest entrepreneurs of our generation we also have behind the scenes content of how were growing our company found a magazine and guys also please make sure you like this video if you really enjoyed it youve got value from it and leave a comment below Id love to hear from watching this video what business are you going to what is your most favorite what really resonates with you because out of the five not all of them will resonate one of them will resonate for you so guys I hope you enjoyed this video and I cant wait to see you in another video Ill speak to you soon the founder mission is to help you create an asskickin business and help you learn straight from the mouths of worldclass founders get your free printed edition of founder magazine featuring Sir Richard Branson just cover shipping and handling at founder comm Ford Branson you '

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