7 Businesses To Start For Beginners

Summary of "7 Businesses To Start For Beginners"

Short Summary:

This video explores seven low-risk businesses that beginners can start with minimal investment. The speaker emphasizes the importance of starting small and scaling up gradually. He discusses the potential for each business to grow into a larger enterprise, highlighting the importance of marketing, customer acquisition, and efficient operations. The video also advocates for using technology like AI-powered website builders to streamline business processes and save time and money.

Detailed Summary:

Section 1: Introduction

The video introduces the concept of low-risk businesses that can be started with less than $1,000.
The speaker emphasizes the importance of starting on the weekends, keeping costs low, and having the potential to scale the business.
He outlines the criteria for selecting the businesses: low risk, low startup cost, and scalability.

Section 2: Dumpster Rentals

This business involves renting out dumpsters for construction and renovation projects.
The startup cost includes buying a dumpster and a truck/trailer to transport it.
The speaker suggests starting with one dumpster and scaling up gradually as the business grows.
He highlights the potential for high revenue but also the significant upfront investment.

Section 3: Pallet Scavenging and Salvage

This business involves collecting discarded pallets from businesses and reselling them or salvaging the wood for crafting.
The speaker emphasizes the low startup cost and the potential for quick profits.
He differentiates between reselling and salvaging pallets, outlining the different requirements for each.

Section 4: Paint Striping

This business involves painting parking lot lines and other markings for commercial and residential clients.
The speaker highlights the high profit margins and the potential for scaling by hiring additional staff.
He emphasizes the importance of building relationships with clients and providing reliable service.

Section 5: Trash Hauling

This business involves removing junk and debris from residential and commercial properties.
The speaker suggests starting with a rented truck and trailer and focusing on specific niches like college students.
He highlights the potential for scaling by acquiring more trucks, trailers, and dumpsters.

Section 6: Courier Services

This business involves delivering packages and goods for businesses and individuals.
The speaker suggests starting with a personal vehicle and expanding to a fleet of trucks as the business grows.
He emphasizes the importance of building partnerships with businesses and acquiring existing routes.

Section 7: Pet Waste Removal

This business involves removing pet waste from residential yards.
The speaker highlights the low startup cost and the potential for scaling by offering additional services.
He emphasizes the importance of partnering with other businesses that serve pet owners.

Section 8: Lead Generation for Service Businesses

This business involves generating leads for other service businesses and earning a commission on the resulting sales.
The speaker emphasizes the low startup cost and the potential for scaling by targeting multiple businesses and using various marketing strategies.
He outlines a step-by-step process for starting and scaling a lead generation business.

Section 9: Mural Business

The speaker briefly mentions the potential for starting a mural business and offers to share more information if the video reaches a million views.
He highlights the artistic nature of the business and the potential for high-income earners.

Notable Quotes:

"No business can have zero risk, but there are three things that can decrease your risk: start on the weekend, cost less than $1,000 to start, and have the potential to scale."
"The number one killer of businesses is that they can't bring in enough revenue."
"Most small businesses have no idea how to get customers and are so busy just trying to fulfill the services that they have that they can't go out and get new customers."
"There are Main Street millionaires out there all over the place, not just doing the boring things, but doing the really beautifully artistic things."