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1. Trash can cleaning service
Why we like this business...
-Low barrier to entry
-Easy to get customers
-Repeatable customers
The math...
$15/trash can
30 trash cans/day = $450/day
$450 x 25 days = $11,250/month
Scale it...
Hire help at $20/hour to scale
2. Mobile Car Detailing
Why we like this business...
-Most people have cars
-Cars continually need washing
$75/car + 10 cars/day = $750/day
$750 x 25 days = $18,750/mon
Scale it...
Hire 10 people at $200/day each
$137,500/month - $30k overhead = 7 Figure Profit/Year
3. Social Media Manager
$500/month
20 clients x $500 = $10,000/month
Scale it...
Raise prices to $1,500 per month
Create systems, use tools, VA's and hire 2 managers
50 clients at $1,500 per month = $75,000 per month, minus $20,000 (overhead) a month = $55,000 a month
4. Digital Marketer
Choose a marketing vertical
Start with 1 client & grow from there
$2,500/month per client
5 clients= $12,500/mon
Scale it...
Make a course & raise prices
$5k/mon-done for you service
$500 for course x 50/month = $25k/mon
25 clients= $125k/month
Total $150k/month
5. E-Commerce
Is there a physical product that you'd like to sell?
Let's say you have a $30 product
$30 product, sell 20/day = $600/day
$600x30 days = $18,000
$18,000 - $6-8,000, cost of product/overhead = $10-12,000/month
Scale it...
Sell 3-4 more products in the same category
6. Saas
Partner with or pay a software engineer to create a simple software solution.
$100/subscription
200 clients x $100 = $20,000/month
Scale it...
Charge more, add additional features, get more clients, hire a sales team...
500 clients at $300/month = 150k/month
7. Education Business
What is a skill or topic you know a lot about that you can leverage..?
$100/month subscription
$100 x 100 customers = $10,000
Scale it...
Start a high-level mastermind group at $25k per year
50 clients x 25k = 1.25M
1.25M - 250k (for overhead) = 1M/year
8. Catering Company
$40 a person x 20 person avg = $800 per event
25 events per month = $20,000
20k - 10k (for overhead) = $10,000 a month
Scale it...
Branch out to other locations, open a physical location, and if that does well, possibly a franchise
This is a just quick overview of some possible business concepts...
If you'd like to hear about these businesses, click here to check out our podcast where we went into more depth about each one.
- Justin and Tara
p.s. And if you'd like even more ideas, we have over 300+ business ideas included in a FREE Business Course Training that you can get here.