Today I’m going to tell you about 7 businesses that you can start for less than $5,000, that could make you more than $10,000 PER MONTH.
One of the main questions I hear when I teach a masterclasses is, "but Codie, what can I do if I want to start a business but I’m short on cash??" Fair question, and today you’ll learn the two most important elements you want to look for in these types of business, as well as how you can get started with a lot less than you might think.
So you might be asking, "how do I know these businesses work?" You don’t. Nothing works every time. BUT because I review hundreds of businesses per year in my portfolio I have some real-world data to help us better our odds. So much so that I’ve invested and done a few of these businesses.
All of this may sound simple, but simple is not always easy. You have to do the work. In life always take the stairs, never the elevator.
Do you know someone who started a business with a relatively small startup cost? What’s their story? Comment below!
0:00 Intro 0:46 High ROI Businesses 3:21 Window Cleaning 10:38 Real Estate Video editing 14:18 Micro Greens 18:00 Wedding Arches 22:08 Handyman 25:50 Virtual Assistant Company 30:13 Productized Service 34:34 Contrarian Thinking Outro
What do you do if you want to run your own thing but you're short on dollars?
So I did some research and it may surprise you how many things you can make money on
without you having to spend money first.
But first we need to define what success looks like or what I call high ROI, low cash businesses.
We are looking for a very particular type of business,
one that cash flows to us aka high ROI,
but we don't have to spend a bunch of money up front aka low cash down.
Now ROI means return on income or to show you mathematically,
ROI equals net income divided by the cost of investment times 100.
So if you want to earn 10k and you spend a thousand, you've made ROI of 9,000.
Pretty damn good.
But then we add what's called investment length or how long did it take you to earn on it.
These are the metrics today and how you should decide if a business is a good business or not.
For every time you hear someone say,
but I have no money, I want you to come back to this video.
We'll talk about the seven businesses to start with less than a thousand,
what the real return in time expectations are
and who these types of businesses may be good or bad for.
Now, how do I know this?
We review hundreds of businesses a month in our portfolio.
We have invested in five of these types of businesses
and three of them we've gone direct to others who have done it.
Because we're not trying to teach theory.
We're teaching what actually happens in the world of business.
So first let's show you why you don't just put that thousand dollars
into stocks, crypto or real estate, or at least why I don't.
Stocks.
They average 10% per year over any 10 year period.
That ROI is then 10%.
The time or investment length is one year for you to make a hundred bucks.
Not great.
Real estate.
Now with real estate, you got a bit less.
We're at 9.5% on the high end and single family homes are at 1.32%.
So you're making somewhere between 95 to 13 bucks a year
on a thousand bucks invested.
I own both of these things.
They're great.
But if I only have a thousand dollars to work with,
I'd be betting on myself and my businesses.
You have to earn before you can make real money investing.
Here's my business matrix.
We'll go over seven of these businesses.
The matrix is called sell.
Aren't we clever?
It stands for the four characteristics we want.
Sellable.
You can sell a product on day one.
You don't have to do this forever.
Two, high earning or E.
You can make that hundred K plus a year in profit.
It's not just a side hustle.
Three is low cost.
Cost you less than one K.
And four is high leverage.
AKA you can outsource a lot of the work.
You start the business, but you don't have to do it all forever.
So let's get into it.
But a disclaimer first.
You have to do the work.
Life hack, always the stairs, never the elevator.
You have to do the hard things
and then you won't have to worry about the cost of things.
That's the trade-off.
Now I've saved the best for last.
So make sure you stay for that.
And also remember to subscribe.
I've been planning an hour long video for like eight months.
That's dropping in a couple of weeks.
I think it's my best video yet.
And I don't want you guys to miss it.
Business number one, remote window cleaning company.
Let's break down just the bare cost for this business.
40 bucks for accessories, 80 bucks for a ladder,
$40 for a hose, $20 for cleaning solution.
That probably scales up.
So let's add a zero to the 180 bucks
and say about 1800 bucks.
Now how much money can be made?
You can charge around 100 to $500
to clean the windows on a house.
With only one or two houses,
you've paid for your entire window cleaning business.
If you get them up to 500 to 1000, you need two.
And then you've paid for that second stage of 1800.
If you add pressure washing,
we're talking about thousands of dollars for each endeavor.
I just pressure washed my fence around my house
and it cost me $2,500.
So with one to five clients, you are at breakeven.
Everything above that is profit to you.
And no, you don't have to be the one doing all the cleaning.
Let's break it down.
We're actually gonna learn this from my buddy, Johnny.
Johnny was only 19 years old
and he built a $20,000 a month remote cleaning business.
Here was his playbook.
And my favorite part I think is how simple it was.
He goes around to really big houses like this
and stores like this and charges them anywhere
from a couple hundred dollars to $10,000
to clean all of their windows.
The reason why this is interesting
is there's a super disaggregated market.
Meaning there's a bunch of window cleaners
all over the place.
Their pricing is totally differentiated
but the thing that's hardest for them
is getting new clients.
Johnny being young and hungry
is actually good at the getting new clients part.
Probably not so great at the squeaky clean windows part.
And so what does he do?
He matches the two.
And I'm gonna break that down exactly.
Let's talk first about how he gets new clients.
And second, let's talk about how he actually does
none of the work in the service business
by using what's called employee arbitrage.
First, let's start with getting customers.
What do you do?
Three things.
Most customers for window cleaning comes from where?
Google ads.
Just think about what you do.
If you have dirty windows, you need cleaning
or you need a housekeeper.
You go to Google and you type in cleaners.
So what Johnny Robinson did was get really good at ads.
You could watch a couple of courses
or YouTube videos on this.
You make your ads look like this, a little sexy.
Most of their ads look like this.
Step two is he actually used TikTok and Instagram
because check this out.
TikTok and Instagram reels, as well as YouTube shorts,
basically are searchable.
So now these are videos that are Google SEO.
So he did really straightforward videos like this
that again, a 65 year old would never do, but he did.
And then finally, he got really good
at local SEO to basically be the number one item
that shows up when you're searching for cleaning
in Orange County, which is the name of his company.
Those three things drive 95% of his customers
to his local window cleaning business.
Now, the second part, if you're thinking, well,
I don't want to run a cleaning business
because I don't want to clean anybody's windows,
not even my own.
The beautiful part about this
is he actually doesn't do any of the cleaning.
He uses employee arbitrage
or the fancy word for it is called subcontractors.
So remember when I told you that most people
who own these small businesses don't know how to get leads?
What if all you did was provide the leads
for those small business owners?
That's what Johnny does.
He uses his three funnels to draw on a bunch of customers.
And then he calls up a bunch of his competitors
and says, hey, I'd love to do a deal with you.
I have too many leads.
I can't service them all.
If we did a deal where I get a percentage
of everybody I subcontract out to you
to do the actual cleaning,
would you be interested in that?
You're a small business owner.
Think about it.
Of course, you're going to take free leads.
So now we have a business where Johnny started off
with basically zero dollars.
His original startup costs were something like
a thousand bucks, then 3000 bucks.
He got it to $20,000 in revenue.
And now that business is doing a million
to 2 million plus, and he sold it.
That's why I love this idea of window cleaning.
What do I really mean?
I mean, subcontracting and lead gen for service businesses.
How do you find subcontractors?
Three ways I like to.
One, you go to Google and you look for all your competitors
and you start reaching out to them, asking for the owner.
Two, you go to local Facebook groups.
These could be neighborhood groups, mom groups,
and ask for referrals to their professional cleaners.
And three, you go to local trade groups.
Google right now in your area,
Window Cleaning Association, Cleaning Association,
Small Business Cleaning Association.
And you're going to find a bunch of your target audience.
How do you tell if your subcontractors are good or not?
You see how many jobs they currently do in a week.
You see how many reviews they have.
You ask them how much they would price these services for,
how long they've been cleaning,
and you get a referral or two.
From the answers to those three questions,
you negotiate that split I talked to you about
for every lead you send them.
And after each clean, you set up through that booking koala,
a quality assurance text to see how the clean went
and build relationships with the customers.
This is so tiny and yet nobody does it.
Now let's break this down.
Does this business fit our model?
One, high ROI.
Johnny makes 20K a month.
So that fits the 10K a month demand.
Two is low cash down.
He started with less than a grand
and scaled up to three grand that he needed.
So low cash business.
And three, how long does it take to hit that first 10K?
It took Johnny 90 days.
So we're inside of the six month window.
Check, check, check.
Why else do I love this business?
Low failure risk.
Your only real cost is your labor cost.
If you decide to scale up this business,
you don't have to have a bunch of inventory.
You don't have to have a warehouse,
no shipping expectations.
So the cost to the business owner, you is less
and bankruptcy risk is less.
I'd add a B2B component to this.
You have your houses.
Those are gonna be easier to close,
smaller dollar amounts.
You add commercial, they pay you,
I don't know, 5K every month up front
in a contract that's reoccurring.
You keep their sidewalks clean,
their windows clean,
their parking spaces clean.
The last reason I like this
is the beginner friendly nature of this business.
You don't have to be licensed.
You don't have to have a complex business model.
You live next to most of your neighbors.
They need this service.
Did you know 35% of small business owners
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As a matter of fact, I just bought my 27th.
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And now back to the video.
All right, let's go to business number two.
Real estate listing video editor.
Okay, I love this because actually one of my employees,
Sam did this before I hired him.
I know what you're thinking.
You know, I'm not a video editor and I get you.
I thought the same thing.
What's fascinating is that you don't actually need to be.
This is so simple.
It's really just a process game.
Most people think that they can't edit
and so they would never try to start this business.
It's a good moat.
But all you have to do is put in a couple of hours of work
and you can see how high the demand is
and how easy actually the fulfillment or delivery of it.
I spent literally five minutes with Sam earlier
pulling some clips together.
And now as someone that's never edited a video before,
I could make videos like this.
Not Spielberg, but just watch any of these videos
and you'll probably be better than me in half a day,
two to three hours of your time
for 100,000 a year business,
which is exactly what Sam made.
And to prove my point even further,
I hired Sam full-time.
He couldn't run his real estate business anymore.
And so now this person, which is his fiancee,
is the one running it.
She used to work in mortgages.
She had no idea how to edit a video
and now she's running this business for him.
Here's why I love this business.
It's a huge need.
Real estate agents, they get 403% more interest
in their listings if they have video on them.
Scroll through Redfin and Zillow
and you'll see what I see,
which is that none of these guys have video on there.
It's all images.
Some of them really bad images.
This business would be very easy to start.
You reach out to these real estate agents
by clicking on their links on Zillow and Redfin.
All of them have their contact information in front of you.
You give them a few sample videos,
videos that you've clipped together
from other people's work.
You send it to them and you say,
hey, I charge 50 bucks per video
and 100 bucks if I need to shoot the video
and you don't shoot the video yourself.
For $150, you could close a transaction 403% faster.
Does that sound interesting to you?
I know firsthand how hard it is to hire video editors.
My suggestion, you start with real estate
and then you go up.
Why I like this business, very low startup costs.
Sticky clients when real estate agents
start seeing that huge conversion number.
Such a simple business model.
If you can't understand pulling a few clips together,
you probably shouldn't look at other businesses.
Relatively recession-proof.
Even when the market goes down,
realtors are gonna wanna sell houses even more.
Okay, so here's how I would start a video editor business.
Spend a week learning how to clip videos together.
Make a demo of videos like this one.
Go to Zillow and Redfin
and start emailing all those real estate agents.
Don't send generic messages to thousands of them.
Instead, take the extra minute to show you care
by writing a specific email to them
with your example clips.
You get 20 clients paying you 5K a month
and you could very easily be making
hundreds of thousands of dollars a year
or at least what Samuel did, which is 100K.
Does this hit our metrics?
Three things.
High ROI.
Yes, we've pretty quickly seen
that Samuel made the demanded $100,000
at least a year or 10K a month.
Two, low cashed out.
All you need is a camera.
Actually, you might not even need that.
You could use this 99 cents editing software
and just not do the filming yourself.
Third is length of investment.
How long would it take before you could hit that 10K a month?
I think you could do it easily within six months.
If it was me and Aggressive,
I'd probably have pre-orders on this business
done inside of 30 days for 10K.
So we got high ROI.
We got low cash.
We got low time of investment.
Now we've got microgreens.
This is a weird business, but I kind of love it.
And we're basing it off of Jonah's business, this guy.
He started with less than $700 exactly
and started cash flowing with microgreens, aka gardening.
I mean, that's what us millennials are into.
Anyway, he basically tried a bunch of different things.
He tried basil, tried kale, tried lettuce,
and then realized that growing microgreens
is where the most cash was.
Why?
They're one of the most profitable crop varieties
and one of the easiest to grow.
The numbers back that up.
So Jonah now made 60K within his first year.
Not bad for starting with less than a thousand dollars.
Let's break down how he did it and how you could do it too.
You need a six foot plant rack.
For every six foot plant rack you have,
you're going to make about $2,000.
In the beginning, your margins are going to be high,
like 85% because you're going to be doing everything.
So for every plant rack you have,
you'll keep about $1,700 in profit,
which means you need five or six of these
to get to that 10K number.
That's probably about the size of a square bedroom,
maybe half of a square bedroom.
You could put all of these plant racks in there.
If you get to big scale,
like past that couple hundred thousand dollars in revenue,
your margins are going to drop.
You're going to be like Jonah,
where he made 700K in 2021 with about 40% margins.
The cool thing about this business though,
is you can start small and scale really easily.
You could have racks that are two feet
and put it in your cupboard and put it in your laundry room
because you actually have internal pink light
that grows these bad boys.
Let's break down exactly how I would start this business.
Here's Jonah's playbook.
Step one, find your space, grab your equipment.
We talked about the six foot indoor space
to get started, window light not required
because of those pink lights.
Offices, spare bedrooms, cupboard under the stairs,
you could have a few different varietals.
Step two, you got to buy your seeds.
Basically very standard, seeds, dirt, light
and the infrastructure to build it.
It takes about three weeks
for you to get your first seed started.
If a green thumb just isn't your best quality,
you can leverage a software called VertiGrow,
which will create a daily checklist
for you to manage your plant rotation
and watering schedules.
That's what I'd do.
Step three, finding your customers.
When you're first starting out,
you're most likely going to operate direct to consumer.
I would use something like Facebook Marketplace.
This is what he does or going to a farmer's market,
which a lot of people do.
In fact, that's how my friend Kat started her business Mush
that led to a $50 million business.
Then I would want to create a subscription model
and schedule deliveries continuously
to keep that profit growing.
I love this business because it's non-traditional.
It's not an internet business.
It's not a boring business.
It's for those of you out there
that want to do something with a green thumb,
make some income, play with plants,
but also not spend a ton of money.
Let's see if it hits our three things.
High ROI.
Well, yeah, Jonah's doing 700K a year with this business.
And we've sort of calculated you can get to 10K
having five of these six foot racks.
Step two, low cash down.
Those racks and the seeds all cost you
less than a thousand dollars to start.
I think if you want to scale up to 120K a year,
you're going to have to spend a couple thousand dollars
in seeds, et cetera,
but you're not going to do it all at once.
You'll do it over the course of three to six months.
And step three, how long until your investment returns?
Will the seeds take 30 days?
So within 30 days, you can sell your first crop.
I would actually do pre-orders if I could,
selling to friends, family, farmer's markets.
So I would try to get my cash up front,
which means we are well within the six month window.
That's microgreens.
Renting wedding arches or really any wedding decoration.
I love this business because have you seen
what people spend on weddings?
Astronomical.
It's just like any idea to financial awareness
goes out the window.
Now you could say that this could cost
more than a thousand dollars to start,
but I think there's a few ways to hack this.
And it just might be one of the simplest businesses
out there.
So let's check it out.
Average revenue per job, 521.
Time commitment, let's call it one to three hours per job.
Here's the story.
Jimmy basically noticed that less than 22%
of weddings take place indoors.
That meant there was a market for mobile marriage supplies.
So Jimmy started looking at the numbers.
$2,200 to purchase the tents.
Gigs were $500 and could be paid back
after four installations or four gigs.
The tents would last roughly five to 10 years.
And he realized if I could just spend a couple K up front,
I could make all of my money back
with basically five to 10 jobs.
Let's do the cost breakdown.
About 1,100 bucks for the arches
and some of the accessories that go on them.
Let's call it another 1,200 bucks
for the additional accessories
that he could upsell people to.
So we're in for what?
3,300 bucks.
Okay, a little bit more than a grand, but not much.
But then look at this.
Let's say that we do 60 different activations
throughout the year.
Basically just wedding season
with a couple of weddings a day.
And we charge on average $1,500
for the arch plus the upsells.
We're making $90,000.
Then if we add tents and accessories,
we're making another 90 to $100,000.
So we're sitting at 180 to $190,000 a year.
If you think from a time perspective,
you're gonna expect to be at each location
for about an hour to set up
and an hour to take down.
So two hours during the weekend,
you could do two or three
or four weddings a day, basically.
And then finally,
the materials last you anywhere
from two to basically 10 years.
I don't know, but let's call it two to five years.
So with that first amount of investment,
3,300 bucks,
you can basically run your operations for two years.
I think what you're gonna quickly find
is the fancier stuff that you can have,
the more add-ons you can add,
the more money you can make.
But I really like this rental equipment
business.
It looks like it hits all of our parameters.
So what would I do to make sure
that I had a ton of clients
now that I know that the cost
and the revenue is sufficient?
One, I would go straight to the source,
wedding planners.
They're always looking for new vendors.
I would create a nice but not fancy website.
I would start a social media account
with a bunch of cool arches.
They don't even have to be yours.
They could just be inspo.
And I would create a little one-page email
that I send people showing
what my actual arches look like and pricing.
I would reach out to these
wedding planners individually.
And I would also probably go
to a couple wedding events.
I would also identify some common niche themes.
So this one in particular,
maybe an Indian wedding.
So you have something exactly
that would be to the specifications
of one target customer.
Once you get one person and they love it,
guess what's gonna happen?
They're gonna talk.
And that wedding planner is gonna use
your stuff again and again,
but tweaked because you can have customization.
You can certainly do search ads
and dominate, let's say remote suburbs
where this isn't really something that's provided.
But I think I would go straight
to wedding planners before anything else.
And with that and a little bit of social media,
you're going to be able to grow yourself
a business that could do $180,000 a year.
All right, let's break down
if it hits our three components.
High ROI.
Well, we've just shown that Jimmy makes
tens of thousands of dollars a year.
We've just shown that we can make $180,000 a year.
So I think it hits that.
Low cash down.
Well, we think it's probably more like one to 3K,
not a thousand bucks,
but it's such an interesting model.
I figured I'd throw it out there for you anyway.
Also during non-wedding season,
I guess you could do baby showers.
You could do anniversaries.
You could do engagements.
Looks like you're gonna be able to buy the goods.
And within 30 days, I would assume,
put them together and get your first couple of customers.
If your average cost is only one to 3K,
you only need to do two to five,
again, of these weddings in order
for you to cashflow what you need.
Handyman business.
You know, all those odd jobs
that you've been putting off for months,
the doorknob that's been broken,
the paint that's falling off the wall
or that light bulb that's been flickering.
Well, it's not just you.
It turns out most of us have these tiny jobs
that we don't know how to do.
And we're willing to pay a lot
for someone else to do these tasks.
This guy, Caleb Ingram
and his two handyman businesses that he created
each make 250K a year
from changing doorknobs, painting, anchoring a TV.
The actual demand he has is so high
that he can't keep up with it.
The cool part about this business too
is apart from a couple of tools
that are probably in your garage or at a garage sale,
the costs are really low.
And now he charges anywhere from 100 to $200 an hour
plus material costs to total an average
of 500 to 1,500 per house he serves.
And he services them seven days a week.
He's making about 800 to $1,000 himself
and per employee every single day.
That's not bad, right?
But if you're thinking I'm not handy,
remember Johnny and the playbook
of outsourcing to subcontractors.
I love this business for this.
You, if you're watching YouTube
are way more technical than people in the trades.
So if you like this business model,
think how can I apply 21st century technology
to a 20th century business?
Now here's how Caleb started.
Step one, niche down to a neighborhood.
Caleb chose Northern Seattle
because it meant he lived there, no traveling costs.
Plus it was a small location
so he could rank on the first page of Google.
Step two, he obsessed on reviews.
These are the fuel that turn your tiny business
into a profitable business.
Google is where it's at.
It's digital real estate for your business.
So you obsess over every customer you get
leaving you a review.
Pro tip that I do for all of my businesses.
I use this company called Jobber
that has an entire review system integrated into it.
But you don't have to be fancy like me.
You can just every single time
one of your people goes out,
give them a small bonus in the beginning
if they get somebody to write a review.
Be like, I'll give you an extra five bucks
if you get that person to write us a review.
You will be amazed how quickly
your subcontractors do it for you.
Simultaneously, if it was me,
I just sent a text message with a funny meme like this
and I'd be like, how's that door looking now ************?
And inside that I'd ask them,
can you please write me a review?
Maybe leave out the cuss words,
that probably doesn't help you.
Step three.
Up until this point,
you're gonna have run this business yourself
or with one person.
But if you wanna get it to six and seven figures,
you gotta add some contractors.
It's really necessary for you to leverage your time.
Otherwise, you don't have a business, you have a job.
If you wanna hit 250K a year in revenue,
you need to have other people doing the work
while you focus on the business, not in the business.
Does this business hit our three needs?
One, high ROI.
Check yes.
250K a year in revenue,
plus Google search your local area right now,
you're gonna find a ton of demand
for handymen all over the place.
Step two.
Do you need a lot of cash?
No, it turns out Caleb started with less than a grand.
I think you can start with a couple hundred bucks
and even borrowed tools.
Look, you can rent them right here on Home Depot
if you need to.
Step three.
Six months or less to get our money back
for our investment length.
I think that's true.
We said that an average job,
you pay 100 to $200 an hour
at $500 to $1,000 for one house serviced.
That means that you're starting to make money
in the black within your first job.
And if you do 10 jobs a month at a thousand bucks,
you've hit your $10,000 limit.
If you hire a few people underneath you,
I can see where this business scales easily.
Virtual assistant company.
I know this business can make millions
because I have three friends running VA firms
that do millions to tens of millions of year.
One of them's called You Assist Me.
And these two guys out of Costa Rica,
hang out on the beach while making some cash.
Another one, Support Ninja and Support Shepherd,
I use a lot myself.
And they publicly list how much money they make.
The fascinating part is all of these businesses
were started with very little capital
because you don't need money to outsource talent.
This is very simple.
We're gonna do international arbitrage,
which basically means you're gonna make yourself
the middleman between a company and an assistant
to do whatever task a client wants.
Any company always has low lift tasks
that they need help with.
And rather than going through the difficulty of hiring
and the expense of hiring in the US,
you're the person to help them find that help
in another company.
To do that, you can charge them
anywhere from $1,500 to $10,000 a month
or $3,000 to $5,000 just to find one person for them.
The main reason I like this business
is because it's a good business for a beginner.
You don't need a bunch of prior skills or upfront costs
because you're not actually the one doing the tasks.
And you get paid at the start of the month by the client
and you pay the contractor at the end of the month
so you have something that's called float,
which is room to breathe.
I think these three steps could take you
from zero to 100K a year,
depending on how much work you wanna put in.
Okay, here's how I do this business, three steps.
Step one is going to be find clients.
You're going to reach out to both individuals you know
who you think could use a VA
and companies that are talking about hiring
on social media and Twitter.
Twitter, I think, is the go-to place for this.
You want people that make at least 100K a year
and then you wanna just send them this article
from Tim Ferriss that basically says,
if you make 100K a year,
you should definitely have a VA.
It's the highest accelerator to your business.
Once you have a few clients lined up,
you're gonna tell them,
I find people VA so you don't have to.
It usually takes us four weeks
to find you a perfect client.
I might even steal the copy from a website like this.
This business,
then you're going to have your first few clients,
they're gonna pay you upfront.
Then you're going to go on Upwork and Fiverr
where you find international virtual assistants.
You're going to screen them
and then you're going to provide the service
of getting them in front of those people
who are looking to hire.
If you're good at sales,
if you're good at hiring,
if you're good at figuring out processes
to pull in new talent,
this business will be really interesting for you.
Let's talk about how much you can charge.
I want you to charge somewhere between
two and $5,000 a month for the virtual assistant.
They typically get paid somewhere
between 800 and $1,500 a month.
And I want to make sure that you have a 40% margin,
which will allow you to cover the rest of your costs.
To make sure that the person's good or not,
have them do a project first.
Maybe pay them something small,
10 bucks an hour to figure out one individual product.
That is how you go from taking the hiring process
to being miserable and expensive,
to being low cost and easy,
and all you are is the middleman.
Last thing I'll tell you about this business
is if you figure out how to find international talent,
you will never go hungry again
because the ability for you to charge X and hire at Y
translates every business you could imagine.
All right, does this business hit our three steps?
I think it does.
Step one, high ROI.
Well, Support Shepard and You Assist Me
make tens of millions of dollars a year.
So I think that's doable for you guys.
Look how many clients you need to have to get this rolling
and for you to hit your 10K a month number.
You basically need somewhere between two and 10 clients.
The second, how much it costs you to start.
The only thing this business actually costs you is your time.
Maybe a small amount of money for a website
that you create yourself, for an email,
and for you to ping some resources to people
telling them how great you are in this business.
And third, your ROI.
How soon can you get money?
Well, you have to actually first find clients
and then find the talent.
So I would say this business,
you're probably not gonna make any cash in your first month.
This business is gonna take you at least two months
to start cash flowing.
And certainly within three to six months,
I think you could hit that 10K number.
So check, check, check.
Productized service.
This is actually my favorite pick from any of them.
Learn a digital skill and scale it
into a multi-million dollar machine.
Meet Brett Williams, a graphic designer
who now does 120,000 in monthly revenue reoccurring,
adding up to 1.3 million in reoccurring annual revenue.
Not bad, especially when you find out his business,
So what's the genius idea?
Design as a subscription.
Think of it kind of like Netflix.
You pay a subscription fee,
but instead of unlimited movies,
you get to make unlimited graphic design requests.
The keyword, unlimited.
Whether you make five requests or 50,
the price stays the same.
The caveat, you can only make one request at a time.
Why does this work?
Because the business model hits the sweet spot
and it costs way too much to hire employees
in graphic designs.
Salaries, compensation for most people up front,
but you're actually controlling the unlimited
with only one at a time.
To make it even easier for your buyers,
an important key to the business model is this.
Even if clients don't have enough work
to fill an entire month,
Brett allows them to pause their subscription indefinitely.
When they do have more work for him,
they can unpause and continue
wherever they left off in the cycle.
Here's why I love this business.
One, it's a one-man army.
At 1.3 million AR, Brett is the only employee at DesignJoy.
There are no other graphic designers, no closers,
not even a VA for admin.
He just uses outsourced contractors for graphic design.
Two, no client meetings.
He sometimes allows for people
to take an optional 15-minute discovery call
before taking the leap, but that's it.
Once you become a DesignJoy client,
you never see Brett's face again.
It's all async.
His onboarding process is also brilliant.
You go from first-time visitor to paying client in 30 seconds.
No meetings, no contracts, no bullshit.
Cancel at any time.
Next is simplicity.
If you're wondering how many clients
this one-man show can handle, a lot.
Brett services 20 clients every month at 5K per month.
So DesignJoy does 120K a month on average,
with a few contractors adding up to that 1.3 mil.
Compare that against what he'd be making
in an average nine to five.
49K as a designer.
So instead of Brett making $49,000,
which is what an average graphic designer makes,
Brett actually makes $1.3 million a year
by outsourcing to other designers
and using the subscription model.
Let's break down the expenses.
DesignJoy really has four main ones.
Figma, let's call it 15 to 50 bucks a month.
Webflow at 30 to 50.
Shutterstock at 99.
Adobe Creative at 29 to maybe 60.
And all other tools, zero.
So that's somewhere between 176 and about $350
in total expenses to make $120,000 in monthly revenue.
That math checks out.
The cool part about this model too
is I would do this for everything.
A video editing subscription,
a podcast editing subscription,
a no-code is a subscription.
SEO is a subscription.
Any service that you can do,
you productize it and turn it into a subscription model.
Now, how would I get started on getting clients for this?
Super easy.
I'd do two things.
I would set myself up on Upwork as a freelancer or a fiver,
and I would start getting normal clients.
Then I would ask them if they want to convert to this service.
Easy.
Step two, I'd get all over Twitter
explaining this model just like he did.
I would actually steal a bunch of his tweets and threads
and make them my own
and duplicate them to get more users in the door.
Does this hit our three steps?
High ROI.
Well, Rhett makes $1.3 million a year, so yes.
If we break down the exact cost for this business
and you charge people somewhere between $2,000 to $5,000 a month,
you basically need anywhere from five to two clients
to hit that $10,000 a month number.
Does it cost a lot of money?
What's the cash down in this business?
Well, it looks like with this business,
besides your time,
you're only spending a couple hundred bucks, not thousands.
What's the length of investment?
He launched his business
and had it cash flowing in the first 30 days.
Let's be generous.
I think you can cash flow to 10K
within three to six months easily.
Love this business model.
You want to see this whole business model?
Hit this newsletter link.
It's free.
We broke down the entire thing for you to copy.
So there you have it.
Seven businesses that you could legitimately start tomorrow
with less than a grand or 3K.
I think all of these businesses hit our specific parameters
for having a high ROI, low cash down,
low length of investment business.
It's really up to you guys.
You could build your own castle or somebody else's.
You could look back on this video in one year's time
and your life could be very different.
In fact, you could probably look back on your life
in three or six months and it could be very different.
I believe that the world is getting harder.
There's no doubt about it
and things are going to continue that way,
but it doesn't have to be harder for all of us
if you are an owner instead of owned.
So comment below if there's a different business
you want me to cover.
Let's see if it hits that three-part metric we got.