205. 8 Businesses That Will Make You 10k+ Per Month
Apr 18, 2023
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Exploring lucrative business ideas like trash can cleaning, mobile car detailing, and social media management that can earn over $10k/month. Strategies for scaling a business, navigating mental challenges, and structuring partnerships in SaaS companies are also discussed. Maximizing revenue in a software subscription business model and promoting a free business course for further learning.
Trash cleaning service is a scalable and lucrative business with low entry barriers.
Mobile car detailing can generate substantial monthly income through quality service and scaling.
Social media management presents earning potential by expanding the client base and charging monthly fees.
Deep dives
Trash Cleaning Service Business Opportunity
Starting a trash cleaning service business is highlighted as a lucrative opportunity due to its low barrier to entry and high potential for acquiring customers. Everyday essential services like trash cleaning present a consistent need in various neighborhoods, making it an easily scalable and in-demand venture. By offering to clean multiple trash cans per day for a fee, individuals can potentially earn over $10,000 per month by scaling the business with additional team members handling cleaning tasks.
Mobile Car Detailing as a Profitable Venture
Mobile car detailing emerges as a profitable business idea, emphasizing the convenience and demand for such services. The ease of reaching out to customers and providing quality car cleaning services can result in a significant monthly income. By charging reasonable rates per car and scaling the operation through hiring additional staff, individuals can potentially generate substantial monthly revenue, showcasing the potential to earn over $10,000 per month.
Exploring the Potential of Social Media Management
The podcast episode highlights the opportunity in social media management, where individuals can leverage their knowledge to offer services in managing social media accounts. With the increasing demand for social media expertise, starting as a social media manager and gradually expanding the client base can lead to substantial monthly earnings. By charging clients a monthly fee and gradually increasing rates based on expertise and results, individuals can potentially earn over $10,000 per month through effective social media management services.
Additional Business Opportunities in E-commerce and Software Services
The podcast discusses the potential of initiating an e-commerce business, highlighting the versatility in product selection and scalable revenue streams. Taking a product-centric approach and gradually expanding the product range aligns with the growth potential in e-commerce platforms. Furthermore, exploring software as a service (SaaS) offers an avenue for recurring revenue and scalability through continuity models, ensuring a reliable income stream over time. By tapping into the software industry, individuals can establish virtual real estate generating stable earnings.
Starting a SaaS Business
SaaS offers an affordable and efficient solution for consumers and companies. One can start a software company with essential components like a developing team, sales personnel, design, and leadership roles. Understanding one's strengths such as marketing, sales, or capital can aid in structuring the business. Equity distribution, profit-sharing, and vested equity are crucial considerations when forming partnerships.
Education Business Opportunities
Education businesses can be initiated by teaching skills or topics of interest. Leveraging personal knowledge or interviewing experts can kickstart an education business. Offering continuity programs like monthly subscriptions or mastermind groups can generate substantial monthly revenue. Scaling education businesses can involve certification programs and branching out to additional revenue streams like software development or franchising.
