The Smart Passive Income Online Business and Blogging Podcast

SPI 853: Ranking the BEST and WORST Business Ideas for Beginners (2025)

75 snips

Jan 15, 2025

Discover the best and worst business ideas for beginners as various monetization strategies are ranked. Explore the challenges of writing books and selling physical products while emphasizing audience building. Delve into the complexities of running software businesses and hosting live events, including the financial risks involved. Learn engagement tactics for virtual events and monetized newsletters. Uncover the realities of client management in service-based ventures, and gain insights into effective monetization through sponsorships and affiliate marketing.

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ADVICE

Prioritize Audience Building

Focus on building an audience first before monetizing.
Choose a monetization strategy aligned with audience needs and business goals.

INSIGHT

Book Writing Challenges

Writing a book is challenging for beginners due to time investment and low profit margins.
Focus on faster revenue generation methods while building your initial audience.

ADVICE

Physical Product Challenges

Avoid selling physical products initially due to high upfront costs and logistical complexities.
Focus on digital products for easier management and faster passive income potential.

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Stand and Deliver: The Dale Carnegie Method to Public Speaking

How to Become a Masterful Communicator and Public Speaker

Dale Carnegie

This book offers a wide range of tips, strategies, and real-life examples to help readers improve their public speaking skills. It covers topics such as identifying and projecting one's authentic self, overcoming stage fright, winning over any audience in one minute, and handling hostile questions with ease. The book also includes case studies of renowned orators like Winston Churchill, Eleanor Roosevelt, and Franklin Delano Roosevelt. It emphasizes that public speaking is a skill that can be learned with the right guidance and practice.

Superfans

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In 'Superfans,' Pat Flynn outlines a process to transform casual followers into dedicated superfans. The book emphasizes the importance of creating memorable experiences and building strong connections with your audience. It is divided into four parts: moving from a casual audience to an active audience, from an active audience to a connected community, from a connected community to superfans, and avoiding the pitfalls of building superfans. Flynn draws from his own experiences and those of other entrepreneurs to illustrate how to create a loyal and engaged community that will support your business over time.

Will it fly

Eric Abrahamson

Nancy Austin

This book, published in 1977, is an anthology edited by Eric Abrahamson, Nancy Austin, and Robert Beaver. It contains contributions from students and is part of the National Student Anthology series.

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Say Less, Ask More & Change the Way You Lead Forever

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Company of One

Why Staying Small Is the Next Big Thing for Business

Paul Jarvis

In 'Company of One,' Paul Jarvis challenges the conventional notion that business growth must always mean scaling up. He argues that staying small can provide more freedom, independence, and a better quality of life. The book offers practical advice on setting up a solo business, determining desired revenues, keeping clients happy, and dealing with crises. Jarvis emphasizes the importance of resilience, autonomy, speed, and simplicity in running a successful 'company of one.' This approach is particularly appealing to solo entrepreneurs and small business owners who prioritize a balanced and fulfilling life over traditional growth models.