My favorite business ideas: https://theentrepreneurridealong.com/nichedownload/
Today, I’m giving you ten ideas that you can take to turn into your first business. The business that will help you achieve financial freedom so you can live the life of your dreams and move on to bigger and better things.
I’m often asked, “what are some small profitable business ideas that I can start today?”
I love this question. This is how I got started. I started small, with a niche website in the insurance space. I wasn’t trying to be the next Bill Gates, I wasn’t trying to launch the next Silicon Valley tech company to hit it big with an IPO. I wasn’t looking for angel investors, partners, and startup capital. I paid $50, got a website up and running, and turned a simple business idea (selling online courses in the insurance industry) into a highly profitable small business generating upwards of $8,000 in income per month.
Now, that’s not to say that I won’t be working on the next big tech idea launching myself into the Silicon Valley startup craze at some point in my life. This is just the first step. The first small stepping stone on a path to bigger and better ideas. I’m going to keep building businesses. It’s not going to stop with this one small business idea. This is just one small highly profitable business idea that will help me achieve financial freedom with recurring passive income so I can leave my regular 9-5 job and work on building other businesses, pursue my passions, pursue new hobbies, and enjoy my life. The other big businesses will come later. I’m still learning.
What I’m saying is, start small. Start with a small easy idea to quickly generate profit and support yourself financially. Start with something to get your foot in the door, get your bearings, and learn the ropes before hitting it big on your next business.
Consider this your first stepping stone. Start with one small profitable business idea, one that can generate around $10,000 income per month. Then, expand on that business and move on to your next big idea. You do not need angel investors, partners, and startup capital. You do not need 1 million YouTube subscribers, you do not need 100,000 monthly web hits, you do not need to go viral, you do not need 3 million app downloads. You need one small business and a couple hundred loyal customers (maybe less) to become financially free. As Kevin Kelly said in his famous blog post 1,000 true fans, all you need is 1,000 people to pay you $100 per year. That is a business generating $100,000 annual income. Now that is achievable. That you can do.
Start with one small profitable business idea. And start today.