okay so I'm gonna try to make this not too much of a rant but it's kind of a rant so i was all excited about this video because I know you guys always love it when i share business ideas interesting different opportunities that sort of thing
and i was researching for it because i had some ideas i wanted to share but i also wanted to discover some new opportunities that were the very best opportunities for 2022. as i was doing this i was watching different videos reading different articles and whatnot about the ideas different people had and i was shocked and horrified to discover that there are some big names out there that are still saying in the year 2022 that the best business ideas and opportunities out there the best side hustles you can start today are things like joining focus groups filling out surveys and selling your old stuff on craigslist and facebook marketplace what year is this and how are people not aware that there are much better much more scalable opportunities out there with all those things it's just not sustainable and you're going to be trading your hours for dollars which means that the dollars you earn will be very limited because your time is limited obviously we all have a finite amount of time and also even during the hours you are working with those opportunities your hourly rate's going to be so low so all that to say we're going to be talking about some different business ideas in this video maybe some things you haven't heard of that are scalable and earn you a much higher hourly rate we're talking a minimum of about 50 an hour and like i said scalable so you could be earning a whole lot more over time as you build these things up if that is what you wanted when you clicked on this video then give the like button some love right now to let me know that you are here for these scalable and highly profitable business ideas that are also very easy to start [Music]
okay so let's do this the first business idea on my list is flipping items now here i'm not at all talking about just selling stuff you already own and i also want you to know there are so many options with this essentially what you're doing is reselling items so that's what walmart at target do to make money too right they buy items from wholesalers they buy items from manufacturers and they sell them in their store for a profit and that's how a lot of businesses are run well the easiest way to get started with this type of reselling business model is simply by buying items that are at a discount or that people don't really want the people just want to get rid of buying them for cheap and then selling them for higher prices it's simple math it's an age-old business strategy and it works now of course you could do this in a lot of different ways you could be flipping houses or flipping cars and it is true that when you buy and sell things that are more expensive your profits tend to be larger because even if the profit margin itself is small for example if you bought a house for two hundred thousand dollars and then you sold it for two hundred and ten thousand dollars that would only be essentially and this is simplifying things but essentially like a five percent profit margin but you're earning ten thousand dollars now yes there'd be fees and all that i'm just keeping it simple for the moment here so in contrast just imagine that you were buying and selling something that only cost a few dollars and you had that same five percent profit margin so for example maybe you bought something for ten dollars and then you sold it for ten dollars and fifty cents same five percent profit margin but now you are only making fifty cents instead of ten thousand dollars so that's why it is good to buy and sell kind of the most expensive things you can afford but of course when you're starting out you can start smaller and then you can reinvest your profits to be able to invest into bigger and bigger more and more expensive items to resell now i have to tell you and i don't want to go on about this idea for too long because there's some other great ones but my favorite way to do this is to take advantage of kind of the different market dynamics that are happening on different platforms so for example you may have noticed that stuff tends to go for a lot cheaper on craigslist than it goes for an ebay now this is just simple supply and demand basically there is way less demand for an item if you sell it locally so when you're selling it on craigslist there might only be a few people who want it and so you cannot charge very much for it however if you put it online and now you're selling it to an international audience that means there are way more people interested higher demand means you can ask a higher price so you can find cheap stuff sometimes even free stuff on craigslist or facebook marketplace those sort of local groups and then you can sell it in the international market by listing it on ebay or somewhere like that okay i'm gonna need to speed this up if i don't want this video to be an hour long so let's move on to idea number two you've probably heard maybe you've noticed that podcasts have become increasingly popular over the last few years they are still relatively new and it's an industry that's exploding as more and more people are discovering the platform for the first time now yes you could become a podcaster and monetize that but that's not the business idea i have in mind here because while that business idea is a great one it can definitely be difficult to grow and to turn into a sustainable and significant income for yourself so here's an idea that is much more kind of actionable and you can make it happen more directly and that is to support those podcasters you can pretty easily learn how to edit podcasts yourself in fact this is some of the easiest work out there i would say it's quick it's simple there's not a lot involved so with just a little bit of self-education you can become a podcast editor and from there you can either simply offer freelance services by listing yourself on a site like upwork as a podcast editor or you can expand your services and become a podcast manager or producer podcast editors typically earn anywhere between about 20 and 50 dollars per hour 20 when you're first getting started and then as you build up more of a portfolio and more skills you can increase your rate up to like i said about 50 an hour but if you expand your services as well and you become a producer or podcast manager you can charge up to about a hundred dollars per hour you can also in the future scale this opportunity by hiring people onto your team and delegating the work so that you can do very very little of it yourself while still earning the difference between how much you charge your clients and how much you have to pay your different freelancers who work for you
so for example as a podcast management agency you might charge your clients about fifteen hundred dollars per month at least that's how much i pay my podcast production agency but of course there's a range some agencies might charge as little as five hundred and some might charge as much as about three thousand per month anyway you're charging let's say 1500 and then you need to hire an editor perhaps a project manager perhaps a marketing manager or a designer of course you can do as many of these jobs yourself as you want if you'd rather work and keep more of the profits or you can delegate them so that you can work very little let's say you delegated all of them and you paid each of these contractors about thirty dollars per hour producing one episode of the client's podcast could take say eight hours for all these contractors together and eight hours times that thirty dollar per hour rate means that you're out of pocket per episode would be two hundred and forty dollars for your agency so if your client produces four episodes in a month then that would be just under about a thousand dollars so if you're charging your client one thousand five hundred dollars then you are going to be pocketing a little over five hundred dollars per month per client with you doing none of the work obviously that's a very scalable business model because since you're not doing most of the work yourself you can take on a lot of clients in your agency and all you need to do is oversee the contractors and the big picture project management the third business idea i wanted to share with you today is that of course creation project manager okay i'm sure you know courses have gotten really big really popular a ton of people want to create and sell courses it's a really scalable business model it can be really profitable and really fun as well i love doing it myself personally however there are a lot of people out there who might be small business owners or they might be teachers or professionals of some sort they have a skill they want to teach and they know that if they created a course they could make money with it but they do not feel like they are capable of creating the course itself maybe they feel like they're not tech savvy enough or it's just too big and overwhelming of a project for them to take on or they're not sure how to organize the curriculum to make a good course well if you learn about how to put together a course and if you learn about how to structure a course then you can offer services to those people i mentioned the small business owners professionals teachers and produce their courses for them you could do this locally and actually go to their location and film them or you could do it virtually and have them film themselves and send in the videos you can even manage all of the different aspects of the process like having the videos edited and all the post-production and having the pdfs for the course design and all of that people are willing to pay a premium price for this because they see it as an investment they want to create the course because they believe that creating the course will be a profitable thing for them to do and so it's not just up for fun purchase they can justify the purchase in their mind and for that reason they're willing to pay thousands of dollars for this service another thing i love about this business idea is that you don't need a whole lot of clients for it to be really profitable and it's the sort of business model where you're going to have a lot of word of mouth referrals because if you effectively successfully produce a course for someone and they're pleased with the results then they're definitely going to tell their friends who also want to create courses about you and recommend your services because you help them out so much
next up is transcription now transcription is a really easy job or gig to get started with there are very few barriers to entry if you can transcribe something effectively and by the way transcribing is just when you listen to audio or you are watching a video and listening to the audio and you're typing what you're hearing so you're turning an audio piece of content or an audio visual piece of content into written text and this is something that there is a huge demand for these days and there are many different companies that offer transcription services anyway if you can become decently fast at this simple skill of transcribing then you can earn anywhere between starting at around five dollars an hour but the faster you get the more you can earn up to around 50 to 60 dollars per hour now i will admit this business idea is a lot less scalable than most on my list of course you could expand this into a transcription agency and there are plenty of people out there who have done that but it's also just an easy way to get started making some money online if you need an extra source of income or you want a side hustle as you're working on building a sustainable and scalable business
next is an interesting option for selling on amazon
now i'm sure you're aware that you can sell products on amazon and you probably are also aware that you can write and publish self-publish a book and sell it on amazon but that might be a bit more of a project than you want to take on even though you know it could definitely be profitable so here's an interesting alternative you can sell essentially blank books on amazon now these books tend to not be completely blank a lot of the time they are a workbook or some sort of planner where there's a ton of blank space but you've added some either design elements or some very sparse content throughout the book these books are really easy to create because there's not much content going on and a lot of the time they're also very repetitive so you might have the same thing on every page of a journal with prompts for example or a certain type of planner now what's really cool is that you can actually create these books like the manufacturing of them by using print-on-demand services so the same services you can use to self-publish a book which by the way these services don't cost anything you just upload your designs for the book and then when a customer purchases the book then the book gets printed and of course that costs the manufacturing company something but you don't have to pay for that because instead they just subtract that cost from the price the customer paid so for example maybe the customer buys your planner on amazon for fifteen dollars and it costs three dollars for them to print and ship that book so then you earn the fifteen dollars minus the three dollars twelve dollars is your profit and that's what you get paid and all you had to do was initially design that book and list it on amazon okay let's move on to the next idea now this one might at first sound over saturated like there would be too much competition but i want to explain why that's not the case the business idea that i'm talking about is being a writer
a freelance writer or perhaps a freelance copywriter now i know that you know there's a million people out there who want to become an author and they pine away writing all the time trying to get their work published it doesn't get published they don't make any money okay and so you kind of might have the idea that writers are starving artists however if you don't want to become an author and have a publishing company choose your book and publish it but instead you just want to be a writer and you're decently good at writing there is a huge demand for your skills so i run a business where we create content we write written articles i write a ton of emails i write written content for students who are in my programs there's a lot of writing that has to be done and i do most of the writing myself but sometimes i want to outsource parts of it i cannot tell you how difficult it is to find someone who can write reasonably well now i'm not talking about someone who is shakespeare or hemingway i'm just talking about someone who is a fluent english speaker and knows the basics of punctuation and grammar i know it might be hard to believe but it's very difficult to find people who can write well
so if you are someone who has a good english skills and can write well then there's demand for your services writers often earn a starting wage of around ten dollars an hour but you can earn so much more as you build up your clientele and you build up a reputation and you show that you have good skills when i say many people start at ten dollars that doesn't mean you have to start at ten dollars an hour you definitely could start at thirty dollars an hour if you have a little bit of a portfolio to show your potential clients and as a writer if you have good skills and you can write also reasonably quickly you definitely could earn 50 or even 100 per hour okay so for the next one let's talk about being a pinterest account manager now if you don't know much about online marketing you might not know that a lot of businesses that publish written content especially use pinterest as one of the main sources of traffic for their website in other words pinterest is how they get people to visit their website and read their articles so clearly they have to use pinterest and they have to manage their pins on pinterest and manage their ads and things like that pinterest is a surprisingly simple platform but that doesn't mean that there's not a fair amount of leg work to do just with managing those accounts if you're interested in becoming a pinterest account manager you can watch free videos on youtube about pinterest strategy and account management and you could also take courses on a site like udemy all about again pinterest strategy and account management learn the skills that you need you could experiment with it for yourself or for free for clients at first and then you can start charging for your services once you feel like you know what you're doing another thing that's cool about this opportunity is that much of pinterest marketing can be automated so a lot of it is just about the initial setup and then managing things once they are systems that are up and running on autopilot which won't take very much of your time so once you have a new client that is onboarded you might spend as little as about four hours per month managing their account just making sure that all those automated systems are running well and they might be willing to pay you 500 a thousand or even higher amounts for those services so i just mentioned udemy and how that can be a good place for you to potentially learn some of these skills well udemy in case you don't know what udemy it's just a course platform a learning platform you can purchase inexpensive courses on the platform to learn different skills that is the next business idea i want to share with you today it's being a course creator
but i just want you to know that there are so many different ways to do this and i specifically mentioned udemy because a lot of people they want to create and sell courses but they feel really stopped by the fact that they don't have an audience to sell those courses to now there's a lot of ways to get around this but what i'm talking about right now is you can create and sell your courses by listing them on udemy and skillshare and using a site like teachable to be able to sell them also to your own audience as well and what's cool about this is that there's absolutely no reason why you can't put your course on multiple platforms and sell it on multiple platforms and that way instead of putting all your eggs in one basket and then having to work super hard to try to get enough sales on udemy or enough sales just from your own small audience to be able to support yourself instead you get to create multiple sources of income kind of instantly you just create the course once and then you list it on
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