Businesses to Start for Under 5k
welcome everyone to the main street business podcast with matt sorenson and mark kohler we're delighted to be with you today sharing what we think is some helpful information but that's it it'll be up to you to decide man we report you decide that this is going to be an awesome topic today i am so excited about today this is going to be helpful damn it it's going to rock your world you people are going to love this i'm so excited everywhere yeah yeah it's a big topic this is a big topic and it's something we've seen everybody in our law firm our clients you know our family ourselves have to come up and answer these questions yep so here's the topic brainstorming yeah if you didn't see the title on the podcast you're multitasking here's the topic businesses i can start for under a thousand under five thousand dollars or less what could i do right now to get a side hustle making more money people all the time i teach college groups and classes and you know there are workshops we do around the country we're constantly harping on people have a side hustle teach your kids how to have a side hustle teach your brother or sister how to have a side hustle teach your mom and dad and everybody's like well what can i do oh my gosh today we're going to throw down as many as we can in here's our categories do you want to start matt tell them our categories yeah products okay services and we got some subcategories there online businesses food businesses because we do that three times a day and pets because there's more pets out there than kids now so there's a lot of businesses around pets yep and under the service section so you know we're not gonna i mean we're gonna throw out everything under the sun we can but we're gonna try to keep them to categories to keep this organized for you but music related or industry home and real estate anything dealing with the real estate industry like even to a handyman level professional services and maybe in fitness and health so we're gonna we're gonna throw just and there's so many that we could and some of you may say well why don't you organize all these beforehand and all these categories you know what people the best part of this show no one was going to say that don't chris they would they would i know them they're very you know our listeners are very demanding they want the best but here's here's the beauty of this show it's live and uncut we don't have a script we're here just sharing our heart and soul you can't script that you can't script heart you know yeah you want it you want to be raw and real we don't want us to be some watered-down version totally scripted so um because you know this is where genius happens you know maybe there'll be a great idea that comes out that'll hit you um or that'll make you start thinking about what you could do for a business um but i want to before we hit and start throwing out things okay i want to just say like there's like a guideline on starting a business did i that's like what type of business are you are you trying to pimp out my workbook the 99 workbook that's taking the country by storm on amazon were you trying to put in a plug for my workbook you weren't working actually i was you were the i was okay coincidence has it go on ahead today's episode yeah today's episode is brought to you by mark j kohler author of what do you call that book oh my gosh you know if you're going to plug you really don't know do you come on look at he's looking around like do i have a copy of this thing right you don't even know 10 10 steps 10 steps to start and grow your business 8 steps jerk my gosh you know you know this is some of you may be in a relationship where you're like you know you really don't know what i do do you and it hurts it cuts it cuts to the heart no okay yes it's called everybody out there is eight steps to start or grow your business i've had successful entrepreneurs go i got some killer ideas in there it's got 60 videos a business plan marketing plan strat plan so anyway we've got some resources for you our podcast is packed with good stuff down the road starting a business is all happens after you come up with the idea today is about ideas yeah that's kind of what you're getting at right yeah and then what i would say is it's it's this shotgun approach you know of what we're going to talk about today that you may narrow in on something that's that interests you or that is something and this is what i was going to say is the guideline something you're already good at like look at the things you already are good at or do and think how can i make money at that let's say legal music that's legal just want to point that out yeah uh it's not legal in your state maybe it's time to move touche or country um but let's just say you're into music let's say you play the guitar you know okay well maybe guitar lessons on the side could be something you could do maybe playing in um a bar or club or at a coffee shop you know and these are things to start we're not saying this is you do this for 50 years unless you love it but um so start there at the things that you love and already are good at that you've already developed a skill or a talent for because that is valuable okay that now you've got to leverage that value i love it i love it now yes i'd like a few caveats here i'm going to i want to write these down okay caveat right now obviously caviar's do you say did i say caviar i'm a little hungry for lunch you know i'm going to just chow down on some caviar for lunch i'm going to catch everything now because i got 10 not eight i mean could you add two more steps in for me and you're going to you're trying to make me look worse when you're the one that didn't know eight or ten i don't know where you're going with this you're the one digging out of a hole you should be complimenting me i should probably stop talking about it okay so number one obviously you want to do something you love and that you're passionate about and maybe you're not good at it but you can get good at it practicing on people and jacking up their homes um you may have always wanted a wallpaper you're not good at it but you can practice yeah on your mother-in-law's house and see how it goes you know i'll just i'll give can i just start with an idea okay now hold it we got a couple more caveats first partnering i have a business idea i would do okay i've gotta i gotta reveal too my daughter last night allison shared her new business idea i haven't even told matt yet and i'm really excited about it okay but let's just get these caveats out there something you love and are passionate about it do you know 50 of americans in the department of labor survey this last spring they do it every year stats show now over 50 of people in their daily main full occupation dislike or hate it you're spending 40 hours a week or more doing something you hate so if you're gonna start a side hustle let's at least do something you love or passionate about or somewhat good at i'd say caveat number two partnering's okay you may have a piece of the equation that is really like you may be great at uh writing music but you're terrible at playing it so just sticking with matt's guitar theory for a minute now making making money in the music industry is very difficult but probably a bad idea first point but there are ways to make money in music that are simple fast and easy without becoming a rock star and so but my point is you can partner with others partnering's okay and sometimes you can leverage your own skill set with someone else that complements it and that's good any other caveats out of the gate yeah i want to say one last thing i've always loved this venn diagram about figuring out what to do in your life and it applies for a business then you got you want to then go ahead then then what'd you say what diagram diagram would you call it what diagram don't worry there's three things there's three things i'm just trying to keep up here is it like a vin number on a car i thought you said a venn diagram i'm like what's a venn diagram i i just was asking that's all just trying to okay yeah all right so you have a diagram what's this diagram okay three things okay we want three things in there all right to match up something you love or like to do okay something you're good at okay and there's something that makes money if you don't if you find those three things to collide you've just found happiness you'll never work a day in your life as they say you know what i mean it's like there you go all right those three those three things because there's things out there that you're good at but no one's gonna pay you money for it there's things that that you're good at that you don't like doing that you're gonna hate you might as well stay in your job you know what i mean so if you can get those three things to align and two out of three it's pretty good oh man and i know so i know some of you want to get to this list but i'm going to say one of the things i got to is i hate this statistic that you hear all the time of 50 businesses fail in the first three years no a good business owner never fails they pivot and they're flexible i want all of you listening today if this is a new thing for you you're going to do a side hustle i want you to know that you i want you to be committed to this the rest your life for the foreseeable future and a lot of people start businesses in their retirement to be making extra money doing something they finally love so this could be for the rest of your life doing something you love that you're good at that makes money i love that little diagram whatever vin diagram that maybe but i i love the point that it's a vin diesel diagram you know mindy's i love in diesel okay all right fast and the furious 19 probably okay now here's the thing you're going to be flexible your idea may change you're going to stay dedicated you're going to modify you're going to learn changing your idea six months from now because it makes more sense in a different methodology or a different type of service a different doesn't mean you failed it's all about modifying and growing and staying committed to the concept of entrepreneurship you okay yeah can i tell you the biggest pivot of all yeah instagram instagram what we everyone probably listening uses that it was designed to be a location sharing app they create it to like be like hey i'm here i'm at xyz restaurant and they and it never really caught on there's a few there's a small niche group of people who liked it and then they they added the ability to upload a picture of where you're at so you could take a picture of hey i'm at xyz bar or xyz you know restaurant or i'm at the pier and you could add a picture and that caught on like wildfire and they're like oh my gosh we're not a location company we're a photo sharing company and so like that's like and that would have failed if they did not pivot who loses a location sharing yeah thing anymore you know i mean that app wouldn't have been successful the phones do it now anyways just on is a part of anyway so okay so that's a great huge example okay now last last thing i promise i promise then you can start with your first you get to choose the first category i'm ready and that's your ideas okay here's the next point everybody before covid there was close to 40 million well they they say working americans one in three had a side hustle a side gig driving uber think of that or selling something online or a little handyman business on the side we're going to go through tons of ideas here that was before covet since covid there's estimates of over 20 million more people starting side businesses to make ends meet they can't rely on their day job they're now working from home and realize you know what i can do some more stuff from home to make money i'm they're they're discovering all the ways to make money on the web they're they're learning about zoom and the power of being in their home in a home-based business this is a good thing people why not create another stream of income to pay off debt and build wealth i don't want you to buy a bigger nicer home i don't want you to have a cooler car i want you to take more trips i would just be grateful if you took the side hustle paid off any crappy debt you might have and then push the rest into an ira a roth a self-directed 401 k some strategy where you're building tax-free income for the future that's where a side hustle freaking goes on warp drive so everybody if you're listening today you're in the right spot you're headed in the right direction having a side hustle is the freaking american dream it's a great way to make money build wealth get out of debt and just love life we should end right now that was yeah that was hot can we just cut that that was cut cut all right okay first idea i'm going to start taking notes all right let's okay let's start in the mechanic of i'll take uh alex i'll take products for 100. i'm interested in you i'm interested you went with products because i told you before the show i think is this could be the hardest area to make money with very low capital under five thousand dollars under a thousand dollars give me your ideas matt product i'm gonna give you one i'm gonna give you one my daughter did okay my daughter's brooke and claire my oldest two mostly my older daughter brooke um did hats she sold hats and beanies she would buy them in bulk online she started with less than a thousand bucks she'd buy them in bulk online these are like trucker hats and then beanies and then she buy unique patches on ebay and you know she can get the hats for two to three bucks a piece um then she buy patches that are maybe sometimes they're 50 cents sometimes they're a dollar sometimes a really popular one was two bucks and she would iron on the patches onto the hat sell the hats for 20 bucks she always made about 15 bucks a hat and she sold them on her social media um showed them on my family social media she created her own social page on instagram in particular um set up an etsy store for it to sell the hats she went into local boutiques that um that would sell local product and like a hat is just an easy accessory item that people don't make very cool unique stuff and so that was it was called divine dough goods she sold uh i think about 30 was it 25 30 000 hats over her time doing it crazy no no sorry about 30 000 of revenue from selling the hats this is in high school like 16 years old okay now what i like that matt just did is he gave us an idea and then expanded it for us now the rest of the show we're not going to be able to expand each business idea and matt and i planned on that we wanted to kind of develop how would you approach any business and then then we're going to start rattling off ideas and hopefully get your juices flowing okay maybe stop and joke about one or two or have fun but now i want to give another product idea and then i want to talk about integrated profit centers this is a word i came up with this is all me mark kohler okay now here's the point brooke did trucker hats now let's say you've got a little craft idea um i had a couple girls in a college class i was teaching their sisters and they were making some really cool really cool bracelets and they were showing them to me going we're going to start a business selling these bracelets and they could produce a bracelet for five to ten dollars yadda yadda yadda and i said where are you going to sell them and they said well we're going to go down to the local farmer's market and we've got a little display that we picked up at the local thrift store and we're going to lay out our bracelets and sell them for 20 bucks a piece and all of our friends want them they like them and i go okay cool and then i said let's blow it up here's some integrated profit centers that's great you're going down to the farmer's market you may go into some boutiques like brooke did but could we not set up a website very quickly and affordably with a wordpress theme the great time for you to get on youtube and learn how to build your own freaking website you could have your own website up with a theme and a godaddy registration for around 100 bucks yeah you've got to learn some things but there's some great platforms that will set up a website for you that are really plug and play so you should be they should be selling those bracelets online square would be one for great small business owners because they'll come with a little merchant account you can get orders online easy to set up on your own website okay now notice where i'm going i love it this is where we're going is think of all the integrated profit centers with one idea so they're going to make bracelets sell them locally number two they're going to sell them on their website number three that means you're going online you better be selling them on etsy so you're getting that's a huge for that kind of craft stuff next could you be teaching craft classes if everybody's loving these set up a little craft class at a local rec center or out of your home where you could be charging and parents love their kids to go to classes and get them out of the house learning things so you could be teaching a craft class on how to make homemade jewelry for kids for teenagers sign up i swear you could fill it with 20 kids under age 12 and a heartbeat next are you making youtube videos on how you made these because guess what i [ __ ] if i just youtube how to make a bracelet there's gonna be a thousand videos but that video becomes a platform for your website and for etsy and you may even get some ad rev down the road once you get your threshold of so many subscribers next you should be selling product for people that want to make their own bracelets that brings up affiliate marketing so on your website and on your etsy site and on your social media sites and on your youtube site you're going to tell people if you want to buy your own products and do this go here to my website i've got all the products the best places to get them at the best prices you can sign up to be an amazon affiliate right down at the bottom of the website walmart target all these affiliate sites want you to do this and they'll give you a five to ten to twenty percent commission on anything anybody dies buys while they're on amazon and that affiliate marketing means you don't even have to carry inventory so these two girls i said we could probably come up with three or four more but look at one two three four five six six ways to make money with one idea and then that's integrated profit centers so now you're making money while you're sleeping you've got all these great ideas and they feed on each other so every idea we demonstrate today and we talk about you've got to be thinking what are the nine different ways i could make money doing this and integrate them together and then it snowballs that's absolutely critical in the process how do you like that yeah i love that man how many that was great i love that i've never looked like i was like running around all the bases right there and getting into home boom okay let's stick with products i like craft ideas you said hats what other products could we do they're cheap and affordable corey throw out any ideas too we got our producer in here okay we've got um i think i think one thing on products and this is this is a crossover with some services is reselling of goods yeah so i was gonna go so one thing i love is um and people do this quite a bit and have on a large or small level whether it's clothing it could be clothing it could be furniture um i mean there is a clothing store in fashion square mall here in scottsdale like next to designer places not cheap rent all it does is it sells resell clothing yep and the new generation you know the current millennials the new generation uh whatever you want to call them they like buying resell product they feel good about it i mean it's not just their generation but um okay that's a that's a great way i think just getting low-cost products okay we're going to get out 50 or more we're going to go back and forth with an idea we've now developed how cool what you could do with an idea now we just need to rattle them off so you said reselling product my daughter allison would go to thrift stores buy and resell i'm going to stick with that one wedding dresses vintage wedding dresses are hot right now she would go find used wedding dresses and resell them on etsy she was marking them up sometimes a thousand percent she'd buy one for 100 bucks and sell it for gosh ten times sell it for a thousand dollars i guess not a thousand percent okay next what do you got reselling selling gym equipment i was selling some gym equipment that i had i just posted an ad online guy calls up he owns a company that's all he does he comes he just buys people's gym equipment they're trying to get rid of for you know a tenth of what it costs then he resells it um and when he was also there he said all right because i was moving he's like do you have furniture he does the same thing with furniture wow and see it doesn't cost him anything to take someone and consign it i'm going to put it inside like i'm like dude i'll take 50 bucks for it i just don't want to have to move it or take it to donate it somewhere he's going to sell it for 400 bucks you know okay next soap oils home care products that are easy to make a lot of people have a little idea now we could we're not going to go to food yet but anything that people can just candles potions and lotions potions and lotions candles lots of fun and these are great around the holidays almost every holiday if you're doing products you need to be having be thinking holiday sales six months in advance what can i do product wise to load up and do that and these again can be very very affordable because your your initial sales are going to fund your next purchase of raw product and then you well that's a whole other topic of how you do this but we're just coming up with ideas anything else in product okay i got one i think we're good no no okay what corey says collectibles okay scary part there is you got to have the money to buy the collectible in the first price and resell right now you kind of like a garage seller yard sell to find some treasures yeah like people are doing this i'm going to repeat this say it fast okay cory's saying even buying retail and selling when they're out of stock like pokemon cards i remember corey went and bought an xbox the day that came out and then resold that he got a xbox for 400 sold it for 800 the next day so i think as you're watching retail um and buy and resell i have clients that do it with concert tickets they'll buy a concert ticket turn around and resell it on stubhub that's they make a living doing that last one i need i think in the product arena we need to talk about are mlms now mlms are what are called multi-level marketing and there's a thousand of them out there they of you know monavie uh nu skin amway any of these companies that sell a product um and you can sign up and be in a distributor uh very affordably that's not a bad thing i'm not down on mlms we have to be careful that it's really a product that you're you're sold about and you got to realize you got to build a a contact list of how to get the word out mlms are not a bad idea you can get them to them very affordably okay so crafts resell gym equipment affiliate stuff oh man i love it anything else in products that you like um nope let's start you wanna hit service next okay now i'm gonna say this about products every time you sell a service there's typically a product that goes with it so i'm going to throw it on the first one on service landscaping now i know a landscaping trailer you could be into that 10 or 20 grand at least with the mowers and the blowers and the weed eaters and all that but a lot of people can start right out with no money at all using the equipment that a homeowner might have and giving them a discount on landscaping and just digging ditches and putting in sprinklers and getting a retainer up front and when you start doing landscaping what are you going to sell them you're going to sell them hoses rakes shovels on an affiliate site that you create with the best prices around so you just tell your homeowner you need a new sprinkler here's where you go corey you were going to say on landscaping christmas lights big one christmas lights big one uh all the holiday lighting okay map services and we're doing home area services oh home area services okay well i chose landscaping so i think we're gonna go down that lane for a minute staying home okay all right um well just right now i'm buying a house that needs a remodel and i can't tell you how expensive contractors are right now if you want to know where's the most profitable place with the lowest amount of training or credentials that has that your services could be highly valuable it's in the trades it's do you have a trade or can you go develop one or learn from someone to do things from just laying tile you know i mean i'm not talking about you to come be a master electrician but can you lay tile can you do demo can you frame can you hang put install lighting all those types of things that um are happening right now as people are staying in their homes remodeling there's low inventory it's a great opportunity and and the fees are if they're getting charged as i'm on the other end as a consumer right now is i'm like it's pretty amazing yeah i'm going to rattle off a few handyman services in certain states if you charge more than a thousand or 500 or 2000 you have to be a licensed contractor you want to look at the rules on handyman services but a lot of subcontractor trades you don't need a license for you may need a little bit of insurance and you got to have a good contract when you walk into people's homes but you could do wallpapering painting uh grouting a little bit of woodworking i love the demo and dump runs i had two kids in my neighborhood they're like can we borrow your trailer we're gonna start a dump run business i'm like all right you're doing five dump runs for me for free and they would just go they'd put flyers up this saturday we're doing dump runs they were swamped people were like you'll go to the dump for me and they'll say 20 bucks plus whatever the weight is you know let me give an example there's a kid that went to high school with with my kids i mean he's like 22 now he has his hvac subcontractor license he worked in it a little bit in high school and he worked it out through college um he's got his own business and has a lot a bunch of employees the kids like 22 and busy as he can ever be he's just busy like you know so um and could have an opportunity to build a super profitable long-term business when i was in college i owned a janitorial business for eight years i started it no lie people with a mop bucket a vacuum and a wet dry vac that's all i had and i i started for under 500 i started knocking on commercial locations saying can i clean your office twice a week or once a week i build it up to 20 employees and i'll full disclosure i sold the business for about 50 000 when i after six years running it six seven eight years and um sold it used that money to go on to law school and so again you can have a day job you can be going to college these are side businesses to see how they go and they may supersede your day job they may not um but janitorial construction cleanup i have two ladies are doing construction cleanup and love it window cleaning okay all right you want to get out of home or you want to stay in the home anything else on home window cleaning janitorial construction cleanup job let's get out of the house okay go ahead out of the house do you want to stay in service how about we do it let's do a the same services okay um let's do uh in services teaching for 500. teaching um all right teaching okay think of the things you could teach fitness maybe you know personal training um yoga music yoga um coaching oh yeah life coaching huge right now and i we could even put that in the professional category but there could be a lot of things you could be doing um in the personal development arena whether with soul spirit body mind all that okay so but i love the teaching because that is the one thing where you can just think of what do i already know what am i good at and as mark talked about earlier with the bracelet example this is also something where you can do one-on-one teaching you can do virtual my daughter takes music lessons virtually you know you could have an audience of people from virtual you can do group lessons there's a lot of people who do group lessons that are all online you can do this from your house you don't need a storefront or a location you know you don't need the local kids to just come to your house but you can also record stuff and create content and sell the video about how to learn to play guitar you know um so you just stay in that lane and just keep developing a product and service build your brand your reputation get good at it and and then you're going to have some more valuable content to sell whether it's one on one group or package product i love it matt and here's where the integrated profit centers come together because on that bracelet idea i didn't even get like i said there was like nine ideas one of them was doing virtual training virtual classes now samia made like how do i do that how do i schedule it how do i take people's money this is where these websites and especially these platforms like squarespace they're so helpful getting you a website that has a plug-in calendar where people can book time with you and a plug-in payment app where they can turn around and just pay you right there on venmo so they schedule you they pay you pops up on your calendar for the day it's already done you just know who you're going to call you're going to get on zoom you're going to get on whatever live youtube and teach someone and get paid then you're going to sell product and then you see so they're all integrated once you're teaching something you better be selling something with it yeah i've got uh one more in the teaching okay unless you've got something nope let me go so tutoring okay yes tutoring for kids like in high school again i'm just on the consumer side of this college kids they typically get these tutoring companies there's they're online and you can be a tutor um what what were you good at are you good at math can you tutor algebra one and two can you tutor calculus you know maybe you're into sciences like maybe you're into writing and you know so pick the subjects you're good at and like and and tutoring those for junior high and high school kids and let's put this in perspective too some of you and i talk to college students about this all the time if you're working at the lo you know the college cafeteria or in the janitorial department making ten dollars an hour you can start tutoring at least twenty dollars an hour how many i paid more than twenty dollars an hour for for college students to come teach my kids if you're not on some of these things whether it's music the better you get um in tutoring you should be charging 20 25 30 an hour and uh and they can buy in blocks this is techniques you can say well i'm 30 an hour exactly but if you buy 10 hours it's 20 bucks an hour and they pre-buy it and then you're off to the races um yep love it and also some businesses are ones that are very scalable like the tutoring for example that's very scalable you get good at tutoring you get a good system down you learn how to tutor the right subjects you get other people to tutor that you pay you know and have obviously you know some profit on top of you're building a brand building the business building the systems making a scalable it could be a long term type business that you stand the conversation like we said from the side i love it now i think that the teaching slides into the music because it is so many people think well you can't make money in the music and the arts you can if you're creative and here's why in the music realm most of the clients that i know that are musicians and they want to have that a huge part of their life music bakery you should be recording riffs recording your music that you create and you can be selling it online through all these different websites where people like need a jingle for their podcast need a jingle for their website they need this and you can go sell your specialty music that you create in 15 second clips 30 second clips so check out music bakery and um the pro music just you know because this is like one of the favorite side hustles that i mean i went to a breakfast restaurant on sunday okay there's a guy out front because they always have a weight at this place it's a great local place they always have a weight he just sits out there and plays his guitar he sets up a little mic um the guy probably makes at least 50 bucks an hour in tips the whole time i was sitting there the the amount of people that dropped a few bucks in five bucks in while he was there was insane uh and the restaurant probably paid him a cover they're loving it right yeah that's true he might have got a little kick from them to people yeah no i love it and and and so okay now before we go to professional because i think it slides right into professional which some of those fall into the professional service you know um but before we go there my daughter i wanted to throw this out allison last night she goes yeah now she works for me right now she's trying to massage me because she's going to be quitting she's like kind of prepping me for that sad day when she quits because i love seeing my kids at the office but she goes i'm going to start doing alterations now my daughter is much like brooke she loves to sew she likes to create she's a fashion merchandising student she's the one that was buying and reselling wedding dresses and clothing and what she found was when she was buying and reselling jeans and clothes that were unique at thrift stores and then on her etsy site they always needed to get a little cleaning there was a little sewing involved she had to tighten it up a little bit or fix this or this that or another and so and she's been going to college for fashion merchandising where she learns how to drape now some of you ladies know what that means i don't know you i guess you put a dress on someone and you fit it and drape it or whatever but she's like you she's like you try to go get some alterations right now where do you even go and how much do they charge and she's like they've got their new little rental property they're in and she goes i'm putting a sign on the door alterations three days a week from this time to this time stop in and she's going to be charging 30 to 40 an hour for alterations and it's in her lane see she's going to be buying and selling clothes she's alterations makes her better at these other profit centers so i was like oh my gosh i love it i love that it's funny he got the example i love that um and i've seen some of stuff ali's made which is super cool like my thing i realized at the beginning of the what i would want to do like if i like hated being a lawyer or got sick of iras which i'm not i love it but um i've always thought like being a tailor would be cool like like being a tailor i love like a well-tailored suit or a nicely tailored shirt fits super important to me on like clothing and and and i just i've always wanted to like tinker with my own stuff and i've seriously this is on like my bucket list of things you told me this is true yeah i want to take a tailoring class and like print to someone or just i don't know there's probably a place you can learn this just to do it for my own crap and get my own little tools and machines sewing machine and just do it um but you could make a business out of that like even when i go to nordstrom you know and it's like how much is it to tailor 75 bucks it's like three weeks later um yeah yeah three weeks later and you know i love nordstrom but the tailoring has gone down there you know and and i've gone since to just another local business that's down the street from my house that just does um tailoring for my clothing so um great little service business okay let's jump to professional coryo i'm going to be getting the online whenever you know corey's over there waving his hand from time to time having the ideas when you have ideas just rattle off three or four just be ready to go boom boom boom online now corey is our youtube frickin genius and there's a lot of money to make on youtube every 15 year old in the country wants to be a youtuber and they think it's easy to get a million followers that's all their story but there are many ways to make money there we'll come to it in a moment professional big one bookkeeping oh my gosh holy crap bookkeeping people need that i'm gonna throw in that you know life coaching the uh personal virtual assistant um you can you don't need anything just start helping someone schedule and do things for them um how about social media marketing management managing people or brands social media if maybe you're into that and have some skills on it fitness zoom classes so you're doing back to the um on zoom sales training computer training see so you're like people all the time older people are like trying to figure out their computer online and what do you what did i do i have an it guy a lot of people don't you used to go to geek squad right you'd go to geek squad over at staples or home office depot best buy whatever best buy is the best buy whatever um but that's tough web designing um bookkeeping virtual assistant marketing consultant which falls into the social media just help people manage their youtube uh yeah okay anything unprofessional here's the if you're like in a job let's say let's say you're an accountant you know and you work in an accounting function maybe you do bookkeeping on the side for private customers um maybe taxes individuals taxes if you know that's your your field you want to do something a little bit on the side um maybe you're in the marketing department of a company and you want to do some marketing consulting and work on the side too and build up you know so i'm not just talking about someone that you know is 20 that has that really needs to land i'm just thinking you could be a very experienced very knowledgeable person in your space that would have no not a hard time getting some customers on the side if you want to branch out to that way and that is the gateway to starting a full-term marketing business or accounting and tax practice or whatever it may be i was in my dallas workshop three weeks ago and this woman raised her hand because everybody that raised their hand at a question at my workshop i asked him what's your side hustle they have to say and she said well i'm a shipping coordinator i'm like what she goes in my day job i learned how to get ship things that fedex and ups won't take so if you want to ship a piano or you want to ship something big where do you go and everybody tries to go to the web and figure it out you just call me i line the whole thing up she goes i can do international i can ship a pallet of things i can ship this companies will come wrap it up put it on a semi and take it across the country and there's a lot of big equipment type people that are either manufacturer or reselling that need that next um i would say also freelance writing copy editing proofreading and if you need ideas on this i'm going to give you one of the best places to market your wares elance elance.com uh oh did they change their name no what is it now it's not
elance or is or what was the one i used before that went from elance upwork elance was bought out by upwork so you go to upwork.com elance.com takes you to upwork.com but this is the freelance website and you can see all the different it says find work and you just click on it and see all the services that you can find around the world that you can provide to others sales marketing design digital design yeah are you like proofreading or editing maybe you are an english major or you got a master's in it or something or even a phd um when i did my book the self-directed diary handbook i paid an editor through amazon that would hire people that either a masters or phd in english or creative writing that's some skills and experience that that would then proofread and edit your book how cool is that yeah i mean that that was cool and this person probably just did it from the comfort of their home you know i'm sure they love the book too i love it i'm just gonna win for them i freaking love it and this is right off elance here's eight different categories that you could do uh content writing translation translators and i know a lot of kids that are you know we're here in a little community that has uh lds or mormon kids at this college here locally that go t go on missions around the world and learn some weird language other than just the basics swahili or whatever and they come back and they never use it again but if you go to elance and say i can translate for courts for different government services editors ghost writers copywriters see there's content writers and copywriters they're two different things proofreaders creative writing and grant writing writing for grants uh could be really uh fantastic okay uh the list goes on and on but i get over to upwork and see what they have um in this area they have graphic designers art directors web designers voice artists matt and i had to hire someone to do the intro for our podcast um so animators motion designers all right so that's professional we could keep going on and on let's jump from service you choose where do you want to go let's hit let's go over to food oh good one i mean it's almost lunch time here i'm kind of thinking okay my mind's on food as it is right can i tell you the one you go first and then i'll tell you the one i love let's see if you hit the one i like all right the one i love is um like the meal kit or you know making food in bulk that you then sell to other people and kind of a delivery business i've seen a lot of these a lot of them here in arizona locally but some of them are you know they don't they're not a huge business it's really just someone doing it out of their house and delivering you food for the week in bulk that you can then you know use for lunch whether that's like they'll do the rice and the meat and the vegetables and it's fresh pre-made and easy for you to just kind of warm up so okay food make and delivery i don't know i love it cool i'm gonna say grocery shopping a lot of people say can you just do my grocery shopping here's what i want and when you go online to buy stuff online at albertson's and if they don't have it they always replace it and it sucks and you're like i didn't want that well we do the next best thing so but if you have a grocery buyer for you you can tailor make some of that my favorite one catering catering is a huge business you try to hire a caterer a week out from now good luck i mean caterers are booked out two three weeks in advance and some caterers say you tell me the food you want and then they go to restaurants and line it up but then they bring it set it up and provide utensils and all the goodies so you can say i need a caterer but you could be an all-in-one caterer and i'm supported by eight different restaurants i've seen a lot of that and you're not out of pocket you're not out of pocket yeah you're the middleman yeah yeah personal chef go down your path matt say i don't want you to bring me food i want you to make me dinner two or three times a week and i want healthy food what would the cost be and i had a molly my daughter when she was going finishing her last year high school she was um an assistant to a chef that taught cooking classes another one cooking classes and then what he would do you could book him for thanksgiving dinner he did four things he goes i can handle four and he goes i will make all the trimmings for your thanksgiving dinner and deliver it on thanksgiving morning he goes i'm doing four families this year and he was charging like 500 bucks but it was all done yeah okay interesting um ones i like that have been relatively low cost you probably do under 10 000 is these like uh maybe a little more but um these drive up drink places you know whether it's like flavored sodas um used to be like the snow cone place in the summer but um but it's expanded now to be um coffee or teas um some simple baked goods that come in those those are pretty low cost but high profit margin they'll sell like a drink for like four or five bucks that you know it's costing them 50 cents if that to to do so and the drive up has been super popular so you see them i don't know we have them here in arizona back in utah before i came here these little shacks that are trying to drive up in certain you know anchor tenant type places you can just drive up grab a drink and go yeah and i'm going to say this and not that matt's idea was a bad one but i want to caution people too that you got to look around you need to find a niche in the food industry because i told some kids came by that were in the local area and they said we're going to start at a little restaurant i'm like please we do not need another one of those restaurants i won't say what it was and and i'm like there's six soda shops within four miles please do not do a soda shop just find something that's unique i go why don't you deliver made to order vegan food for those that are vegan or those that are glute gluten free no one's doing that find something no one else is doing for crying out loud um yeah i'll i'll just con you know defend myself for a little bit on that sure you want to find a need that's not being met but you also want to do something that's been proven to be successful because on the other hand i hear people come up with dumb ideas i'm like no one's going to pay you for that fair like who else is you know yeah but no one's doing it no one's thought of this yet no maybe there's a reason a lot of people are proud of that some people have tried it they didn't last very long that's quote this is where i was going to go next and matt that's a great transition to this point a lot of times in the food industry i've seen clients are like well i've got a special hot sauce or i've got a special recipe and i want to bottle it and sell it barbecue sauce something a drink whatever and i'm like okay that's cool that's phase three getting a product approved and with all the different issues you need to go through to be able to ship a product and have the right preservatives and all that very very difficult but what i say is start local start doing the classes start doing the local delivery start selling it at the local uh market and do just do some local things build up a following get your website set up do it made to order made to ship next yeah and you think of i mean just let me say on this news on the food every major restaurant chain every major food brand that you bought from was a one store place at first if that it was a kitchen could have been out of their house yeah you know in their kitchen at home okay this every one of them started like that every one i love it um don't don't think that that's just where you're gonna end you might have a you know you might love it and i might have a tremendous amount of success okay i'm gonna go back i'm gonna jump if i may out of food and use it as a jumping point with catering from catering even local small weddings and little get-togethers parties is um floral design and gardening what am i floral is because i don't corey does wedding photography uh we didn't even get into wedding videos videography filming of course he's like it's tough it's tough world yeah gosh watch bride wars before you go jump in that but floral design gardening consultant furniture repairs i've just got i've just got a list here that i was playing with and i forgot to throw it out image consulting matt i'm just going to throw this out yeah was that a hint for me i need to hire one of those a little bit we'll go with image consulting and fitted clothing just you know side note the one okay let's go to pets what do you got in pets okay well i mean we're just dog walker yeah yep the dog walker huge huge growth in pets and i think right now this is a big opportunity in pets for for a couple of just demographic reasons one people bought more pets ever during the pandemic you know two they're now going back to work those pets are gonna be a little lonely and a lot of pet parents are feeling a little guilty about it yeah play on i've talked to friends about this yeah i like the guilt play yeah you'll pay big money well that's what they're gonna they want someone to come walk their dog you know they need they want that for their dog and and they'll pay for that that's a something that they really value and that you can take a number of dogs of course at once yep cory's throwing and i know the app i just forgot it there's several apps out there to get dog sitting or pet sitting yeah there's air.com that would be one you could also do like house cleaning if you want to clean houses there or like nanny or babysitting services of course those are care.com yep i love your app dog airbnb what's that so you pick up my dog and air take it for a while oh ok i love it they got a house you want to throw a bunch of dogs in it and airbnb okay i got an idea it was 160 a night to have their dog airbnb at their this other person's house okay i'm going to bring together two cool ideas if you want to house it for dogs why have them come into your house and destroy it i would go get an airbnb for a weekend and then book like 10 dogs you're going to sit for and bring them to the airbnb you're renting and then walk away yeah yeah and you'll never get be able to rent another airbnb again and i got a good one on this your rating will be zero stuff get a van and then carpet it to look like a dog and then you could drive the dogs to certain events and deliver dogs to people the shag and wagon just yeah yeah just a crazy idea i'm just throwing that out yeah if things got bad you could sell the van get a motorcycle yeah you know uh yeah whatever it takes okay um i'm gonna say pet photography all the products that go with pet pet clothings pet gadgets pets things that you can make and sell on etsy so this is the crossover with the products and online is you're providing a service and then you're also selling a product how cool it would be is someone watched my dog and said oh you need to buy this for your dog well i don't know where to go just go to my website i got it all affiliate fee you're making money at night yeah the uh on the pets thing um like the personalized dog callers or a cat even from an account i've had is you know it's just a caller but it will have their name on it so it gets a little personalized and those are very popular on like etsy and websites to make and i'm full disclosure here um matt and i after a long day's work we're a little we're a little beat up we're a little lonely a little sad and you know we need a little bit of love so i have a little dog named winnie when he follows me around she sleeps on the corner of my bed with me matt's you matt's got a cat very what's your go ahead and tell you your cat name and your your cat my cat's name is duffy duffy duffy that's for my daughter i got my daughter the cat someone in here today yeah i mean i like her too so yeah yeah she's grown on me yeah i go to matt's house and duffy's sitting right there she follows matt around but i think they say now one in three americans have a pet uh and if not more i think after the pandemic there's so much to do there okay we need to jump over to our last category online making money online now i want to explain one thing here could i matt i don't think everybody understands affiliate marketing let me explain this let's say let's run off the pet and the craft so you've you've got a pet business you're walking you're sitting you're helping pets pet owners then on the weekends you build personalized pet collars so when you sit when you house sit a dog you go hey by the way i made this caller would you like one handmade for your dog oh my gosh how much is it 25 bucks 30 bucks okay so you're selling these personalized callers online maybe on etsy you're do combining it with your clientele that your house your dog sitting for or dog walking for and then you set up an affiliate link on your website now let me tell you what that means you're gonna go to amazon and sign up as an affiliate and then on your website you're gonna copy and paste all these pet products that you're a fan of food different things that pets need whatever toys and then when you go to serve your clientele you'll say don't go on amazon it's so hard to find this go to my page here's my little business card with my website you can buy all the things for your dog that i love on my website and they go oh thanks so i don't have to go get lost in the amazon wormhole for you know two hours i can go to your website yeah so you go to the website anything they click on it it takes them to amazon because you're signed up as an amazon affiliate the embedded link pays you anywhere from one to two to five to ten percent uh based on the product and you just get it paid to you whenever anytime anybody's anybody buy something that you created a link for on your site but it gets better because here's what happens let's say they go to your site and they go oh i'm going to buy this caller they click on it but they don't buy it with most of these affiliate links they keep the window open on amazon anything they buy within the next 24 hours even if it's a new red dress you get a cut of it because you got them to go to amazon so amazon rewards you not only with the product that you got the client to click on to take them to amazon well they're on for a certain period of time and they buy anything because they entered amazon through your link you get a piece of it that's the power of affiliate marketing so whatever service product online grocery pets whatever the hell you're doing if you have a website with products that you want your clientele to buy your affiliate linking them back to amazon more money in your pocket that's online power yeah when i when i think of online i think of online as many times that that's not the business that's the mechanism you sell your product like or that's the mechanism you deliver your service you know like because we talked about let's say you're into music you know you might let people book stuff on your website you might deliver classes on your website you might have recordings of learn this on you know on your website and um and you may promote a lot online through social media through youtube like when i go play when i want to learn a new guitar on the song i just go to youtube and i put in guitar the name of the song and it'll pull up tons of videos of different music instructors basic guitar and teachers who say hey we're going to talk about how to play this song and they show you how to play the song but then that person teaches music as a day job i mean that's what they do all the time they've got video content and stuff you can buy that's more premium about how to learn guitar and learn tricks and other skills and so and sell guitars and yeah so they it's not just the website when we say internet like it's a or an online business it's like well there's that that's a mechanism to deliver the product or service in many ways it isn't the business in and of itself that's that's a great affiliate marketing its own little animal of course but yeah yeah no no and i think using the power of online marketing can also generate revenue and of itself i think the most classic is adrev ad revenue is kind of the word that if i can go out and create enough followers and subscribers in these other areas then youtube's gonna reward me and what's the threshold corey how many subscribers do you have to have to be qualified to start getting ad rev is it 100 subscribers or a thousand i think it's a thousand okay so youtube is a whole profit center and of itself i think pewdiepie and all these people have millions and millions of followers they're making money off of creating videos that people watch and that's a business idea a lot of people think it's seems easier than it really is it's hard to get people to subscribe and hard to get people to stay on and watch who would watch a video about small business i mean it was right there you know you're fighting an uphill battle it's brutal um okay well any other final ideas you want to throw out matt corey i'm going to look at um look at my list here here's an interesting one we didn't even think about this babies and children uh teaching classes to children tutoring we kind of touched on that cloth diaper service a lot of people are like i want to go back to cloth and they drop the claws off they pick them up they launder them and bring them back um children's party services uh this is your chance matt to dress up as a clown do a little magic on the side do a party um i i what else could we do oh my gosh there's got to be so much for children i shouldn't have opened that can of worms without but my daughter allison is it makes or buys and resells children clothing a lot of people want kind of a retro um i don't want to say antique what do you call it um when you buy clothing it looks it's not retro she has any word for it anyway but there's a lot of buying reselling in children's clothing children's products all right um i like the one idea you actually we had on the show at one point an example you had a neighbor kid that was doing cleaning rvs oh people went like their camper or their rv when they came back from a trip and no one wants to clean it and she learned how to clean her own family rv and that's a that's an excellent service that you know people just need to probably do annually or buy annually anyways or after a big trip they may want someone to come clean their rv that's a little more tailored you probably get a little more higher dollar for that than just cleaning someone's house or even a business oh and i love it and i love um the rv repair maintenance inspection business little shout out to those guys down in texas doing that um stephen coop we love them but the rv industry holy crap we could probably bring up 20 ideas with rvs too renting out your rv now this as again this is outside the scope of start a business under a thousand dollars but you can i love how you brought up cleaning rvs and more rvs were sold during the pandemic than any other year people are like i gotta get out of here gotta go buy an rv wow um okay well this is exciting i think we covered a lot of ground any final words for matt someone that's
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