Latest / SUCCESSFUL BUSINESS / 13 PROFITABLE ONE-PERSON Businesses With MORE DEMAND Than Competition
Transcript
- 0:05Speaker 1: A designer from a town of just 500 people put
- 0:07Speaker 1: together a website over a single weekend. By Monday, he
- 0:10Speaker 1: already had $ 10, 000 in clients who were going to pay
- 0:12Speaker 1: him every single month. And someone, right now, is getting
- 0:15Speaker 1: paid to hang that little tag you see on every
- 0:18Speaker 1: fire extinguisher. While everyone else is fighting over whatever is
- 0:21Speaker 1: trending on social media, these businesses have a line of
- 0:23Speaker 1: customers waiting and almost nobody serving them properly. I spent
- 0:26Speaker 1: weeks searching for them and found 13. all of which
- 0:29Speaker 1: you can start on your own. And pay close attention
- 0:31Speaker 1: to number 11. It's the one that surprised me the most,
- 0:35Speaker 1: and most people dismiss it in five seconds. By the end,
- 0:38Speaker 1: you won't just walk away with a list. You'll walk
- 0:40Speaker 1: away knowing how to spot these opportunities yourself. Let's get started.
- 0:43Speaker 1: To choose each one, I used three questions, and I
- 0:46Speaker 1: taped them to a sheet of paper next to my desk. First,
- 0:49Speaker 1: is someone required to pay? Second, does anyone answer the phone?
- 0:53Speaker 1: Almost always, there's already someone doing the work, but they're
- 0:56Speaker 1: doing it badly, and that's the gap. Third, does the
- 0:59Speaker 1: problem keep coming back? If it does, so does the customer.
- 1:03Speaker 1: And notice this, the first businesses are ones you do
- 1:05Speaker 1: with your own hands, the ones in the middle are
- 1:08Speaker 1: ones you manage, and the last ones you run with
- 1:10Speaker 1: nothing but a computer. Business one, fire extinguisher inspections. Let's
- 1:15Speaker 1: go back to that tag, because after researching this business,
- 1:18Speaker 1: I went for a walk and couldn't stop looking at them. Restaurants, offices, warehouses,
- 1:23Speaker 1: apartment buildings, They're all required to have their fire extinguishers
- 1:26Speaker 1: inspected periodically, and the fire inspector goes straight to check
- 1:29Speaker 1: that date. If it's expired, the fine costs a lot
- 1:32Speaker 1: more than the inspection. Do you really think a business
- 1:34Speaker 1: owner is going to argue about the price? You show up,
- 1:37Speaker 1: inspect each fire extinguisher, attach the new tag, and charge
- 1:40Speaker 1: per unit. With whatever certification your city requires and a vehicle,
- 1:44Speaker 1: you're in business. And listen to this. Customers almost never
- 1:48Speaker 1: switch providers because switching means having to explain their entire
- 1:51Speaker 1: building all over again to someone new. That's why there
- 1:54Speaker 1: are inspection companies bringing in millions in revenue without anyone
- 1:57Speaker 1: even knowing their names. The hard part? Each inspection comes
- 2:01Speaker 1: with a relatively low price tag, so you need hundreds
- 2:03Speaker 1: of accounts, and selling to a company takes time. The
- 2:06Speaker 1: first step is to walk down a single commercial street,
- 2:09Speaker 1: looking at the tags through the windows. Every expired date
- 2:12Speaker 1: is a customer who doesn't even know they need you yet.
- 2:15Speaker 1: The law requires it, almost nobody does it well, and
- 2:17Speaker 1: it comes back every year. It passes all three questions
- 2:21Speaker 1: without breaking a sweat. one little tag that pays for
- 2:23Speaker 1: itself every 12 months. If the first business already has
- 2:27Speaker 1: you noticing fire extinguishers everywhere, subscribe to Successful Entrepreneur. There
- 2:31Speaker 1: are 12 more to go, and some are a lot
- 2:33Speaker 1: stranger than this one. And the next one is the
- 2:36Speaker 1: complete opposite of a clean job. It's the dirtiest business
- 2:39Speaker 1: on the entire list, and that's exactly why almost nobody
- 2:42Speaker 1: wants to compete for it. Business two, portable toilet rentals.
- 2:45Speaker 1: Monday morning, a construction site. Saturday afternoon, an outdoor wedding.
- 2:49Speaker 1: What do they have in common? the same portable toilet
- 2:52Speaker 1: with two different customers paying for it. Every construction site
- 2:55Speaker 1: is required to provide toilets for its workers throughout the
- 2:57Speaker 1: construction project, and that means 6, 12, even 18 months
- 3:01Speaker 1: under contract. You charge a monthly rental fee per unit,
- 3:04Speaker 1: plus a weekly visit to empty it, clean it, and
- 3:07Speaker 1: restock whatever supplies are needed. On weekends, weddings, fairs, and festivals,
- 3:11Speaker 1: rent whatever units you have available for two days. Land
- 3:14Speaker 1: one large construction site that needs 20 units, and you've
- 3:17Speaker 1: got income coming in every month for more than a year.
- 3:20Speaker 1: Since construction projects and events don't stop even when the
- 3:22Speaker 1: economy gets rough, this is one of the businesses that
- 3:25Speaker 1: holds up best during a recession. I'll be straight with you.
- 3:28Speaker 1: When I read about it, I wrinkled my nose. You
- 3:30Speaker 1: have to buy the units, and you're the one emptying them,
- 3:33Speaker 1: cleaning them, and driving from one construction site to another.
- 3:36Speaker 1: The smart move is to start with a few units
- 3:38Speaker 1: for events and gradually expand into construction sites. The work
- 3:42Speaker 1: nobody wants to do is exactly what somebody else is
- 3:45Speaker 1: required to pay for. Now, the next business comes with
- 3:47Speaker 1: a fact that left me speechless. Almost nobody under 50
- 3:51Speaker 1: is doing it. Business three, small engine repair. The owner
- 3:55Speaker 1: of a pressure washing business was telling a story about
- 3:57Speaker 1: how his machine would break down every few months, and
- 4:00Speaker 1: every single time, he'd take it to the same repair shop.
- 4:03Speaker 1: Why always the same one? Because when you find someone
- 4:06Speaker 1: who gets your machine back to you quickly, you don't
- 4:08Speaker 1: let them go. Lawnmowers, generators, chainsaws, pressure washers, every landscaper
- 4:13Speaker 1: and every contractor depends on a machine with a small
- 4:15Speaker 1: engine to make a living. And when it breaks down,
- 4:17Speaker 1: there's no big company they can just call. You take
- 4:20Speaker 1: in the machine, figure out what's wrong, repair it, and
- 4:23Speaker 1: charge for the replacement parts plus labor. And here's what's interesting.
- 4:27Speaker 1: It's not that nobody repairs engines. It's that almost nobody
- 4:30Speaker 1: runs it like a real business, with an actual shop
- 4:33Speaker 1: where customers can drop off their machines, fast turnaround times,
- 4:36Speaker 1: and someone who returns their calls the very same day.
- 4:39Speaker 1: For a contractor, every hour that machine is out of
- 4:41Speaker 1: commission means money lost. So whoever responds first wins that customer.
- 4:45Speaker 1: I'm not going to lie to you. This is a
- 4:47Speaker 1: trade that takes time to learn. And during the slow season,
- 4:50Speaker 1: when nobody's mowing lawns, business drops off. A cheap way
- 4:53Speaker 1: to learn is to get your hands on an old,
- 4:54Speaker 1: broken machine and take it apart piece by piece. While
- 4:57Speaker 1: everyone else is learning how to sell things online, the
- 5:00Speaker 1: person who knows how to fix an engine has the
- 5:02Speaker 1: whole line of customers to themselves. And the next business
- 5:04Speaker 1: is hiding behind every package that gets delivered to your house.
- 5:08Speaker 1: Business 4. Warehouse door and loading dock service. When you
- 5:11Speaker 1: click buy, your order begins a journey. And somewhere along
- 5:15Speaker 1: that journey, there's one piece of the puzzle almost nobody sees.
- 5:19Speaker 1: The warehouse door your package goes through on its way out. Warehouses,
- 5:23Speaker 1: distribution centers, and supermarkets load trucks through roll-up doors and
- 5:26Speaker 1: loading dock ramps that take a beating hundreds of times
- 5:28Speaker 1: a day. When one breaks down, that loading bay comes
- 5:31Speaker 1: to a complete standstill, and the owner will pay a
- 5:33Speaker 1: premium to have someone fix it today, not tomorrow. But
- 5:36Speaker 1: hold on, because emergencies are only half the business. The
- 5:39Speaker 1: other half is the contract. Warehouses pay for maintenance visits
- 5:43Speaker 1: every three months to inspect every door and every loading
- 5:45Speaker 1: dock ramp, specifically to make sure nothing breaks down during
- 5:48Speaker 1: their busiest weeks. Get 20 warehouses on that plan at
- 5:51Speaker 1: a few hundred dollars per visit, and you've already got
- 5:53Speaker 1: a steady income base, plus emergency repairs from those same customers.
- 5:57Speaker 1: See the pattern again? Nobody pays for this because they
- 6:00Speaker 1: want to. They pay because shutting down costs them more.
- 6:03Speaker 1: And yet, there's no big national chain, just small operators
- 6:06Speaker 1: driving around in unmarked vans. The hard part? You need
- 6:09Speaker 1: to understand electrical and hydraulic systems because you're dealing with motors, sensors,
- 6:14Speaker 1: and safety mechanisms, and the work can be dangerous. It's
- 6:17Speaker 1: like repairing garage doors, but on a much bigger scale.
- 6:20Speaker 1: If you don't know the trade, the way to get
- 6:22Speaker 1: started is to work alongside someone who already does. As
- 6:25Speaker 1: long as the world keeps buying things with a single click,
- 6:28Speaker 1: somebody's going to get paid to keep that door open.
- 6:31Speaker 1: And now here's one that I swear I thought was
- 6:33Speaker 1: made up. What do you mean you get paid twice
- 6:36Speaker 1: for the same stop? Business five, used oil collection. Let's
- 6:41Speaker 1: do the math together. An auto repair shop pays you
- 6:43Speaker 1: to take away its used oil. You pick it up.
- 6:46Speaker 1: And then a refinery that reprocesses that oil pays you
- 6:49Speaker 1: for that exact same oil. One stop, two payments. When
- 6:52Speaker 1: I finally understood how it worked, I drew it out
- 6:55Speaker 1: in two columns in a notebook because I couldn't believe it.
- 6:58Speaker 1: Auto repair shops, restaurant deep fryers, and small factories produce
- 7:01Speaker 1: oil and grease that, by law, they can't just pour
- 7:04Speaker 1: down the drain, so they have to pay someone to
- 7:06Speaker 1: take it away. You sign customers up for regular scheduled pickups,
- 7:09Speaker 1: show up, pump out the oil, and collect your fee.
- 7:12Speaker 1: Once you become their regular collector, the customer isn't out
- 7:14Speaker 1: looking for someone else because nobody wants an inspector showing
- 7:17Speaker 1: up and finding their paperwork out of order. The catch
- 7:19Speaker 1: is getting started. You need a truck equipped with a
- 7:22Speaker 1: suction system and the permits required to operate, and that
- 7:25Speaker 1: isn't cheap. Plus... The price you get for what you
- 7:27Speaker 1: sell goes up and down with oil prices. Before investing
- 7:30Speaker 1: a single dollar, visit the repair shops in your area
- 7:33Speaker 1: and ask who collects their used oil and how often
- 7:35Speaker 1: they come by. What other people pay to get out
- 7:37Speaker 1: of their sight is someone else's raw material. Hold on
- 7:40Speaker 1: a second. Fire extinguishers, portable toilets, engines, warehouse doors, used oil.
- 7:44Speaker 1: Five businesses nobody would ever put in a social media photo.
- 7:47Speaker 1: And in every single one, the problem keeps coming back
- 7:50Speaker 1: on its own. Which one can you picture yourself doing?
- 7:53Speaker 1: Keep that one in mind, because up to this point,
- 7:55Speaker 1: you're the one doing the actual work. From here on,
- 7:58Speaker 1: we're moving up a level. You manage, and other people
- 8:00Speaker 1: do the work. And waiting for us even higher up
- 8:03Speaker 1: is number 11. If you want to see just how
- 8:05Speaker 1: far this ladder goes, subscribe and turn on the notification bell,
- 8:09Speaker 1: because the second half is on a whole different level.
- 8:11Speaker 1: Business 6. Non-emergency medical transportation. It's 6 in the morning.
- 8:16Speaker 1: A 70-year-old woman is waiting at her front door with
- 8:18Speaker 1: her purse resting on her lap. She has dialysis, and
- 8:21Speaker 1: she'll need it three times a week, every single week
- 8:23Speaker 1: for years. She can't drive. Who's going to take her?
- 8:27Speaker 1: That's where the business comes in. Millions of people need
- 8:29Speaker 1: transportation to dialysis, chemotherapy, or their medical appointments. And in
- 8:33Speaker 1: many cases, the patient isn't the one paying for the ride.
- 8:36Speaker 1: Their health insurance is. That's why the rates are much
- 8:39Speaker 1: higher than what you'd get through any rideshare app. And
- 8:42Speaker 1: listen to this. You don't have to be the one
- 8:44Speaker 1: behind the wheel. In every city, there are independent drivers
- 8:48Speaker 1: with their own vehicles or vehicles adapted for wheelchairs, looking
- 8:51Speaker 1: for something more stable than rideshare apps. You schedule the appointments,
- 8:54Speaker 1: bill the insurance company, meet the requirements, and send the
- 8:58Speaker 1: rides to the drivers. Once a patient and their family
- 9:00Speaker 1: trust a driver, they don't switch. Is there anything more
- 9:03Speaker 1: recurring than an appointment that happens three times a week?
- 9:06Speaker 1: Here's what nobody tells you. Getting approved to bill insurance
- 9:09Speaker 1: companies is a mountain of paperwork and patience, and payments
- 9:12Speaker 1: take time to come in. Plus, your drivers are your product.
- 9:15Speaker 1: If you send someone who shows up late, you lose
- 9:17Speaker 1: the patient. In this business, being on time matters more
- 9:21Speaker 1: than anything else. Every ride there comes with the promise
- 9:23Speaker 1: of a ride back. The next business is the complete opposite.
- 9:27Speaker 1: The work almost never repeats, but every single job is
- 9:29Speaker 1: worth thousands of dollars. Business 7. Foundation repair and waterproofing.
- 9:34Speaker 1: Between $ 5, 000 and $ 15, 000. That's what a homeowner pays when
- 9:38Speaker 1: they notice a crack in their foundation or a floor
- 9:40Speaker 1: that floods every time it rains, and they don't think
- 9:42Speaker 1: twice about it. Because the alternative is a house that
- 9:45Speaker 1: keeps getting worse month after month. The interesting part is
- 9:48Speaker 1: that you can be in this business without ever lifting
- 9:50Speaker 1: a single bag of cement. How? You partner with licensed
- 9:53Speaker 1: crews that already have all the specialized equipment and spend
- 9:56Speaker 1: their time waiting for someone to refer customers to them.
- 9:59Speaker 1: You provide We'll be right back. See what I mean?
- 10:21Speaker 1: The gap isn't a shortage of repair crews. It's that
- 10:24Speaker 1: nobody answers the phone. The price you pay for all this?
- 10:27Speaker 1: It's a one-time job. You fix a foundation, and that's it.
- 10:31Speaker 1: The following month, you're starting from scratch again, waiting for
- 10:34Speaker 1: the next call, and sometimes that can weigh on you.
- 10:37Speaker 1: But when a problem scares someone, they don't haggle over
- 10:39Speaker 1: the price. They look for the first person who can
- 10:42Speaker 1: give them peace of mind. And the next one is
- 10:44Speaker 1: among my favorites from all the research I did, because
- 10:46Speaker 1: almost nobody talks about it. A trucking business where you
- 10:49Speaker 1: don't own a truck. Business eight, truck driver recruitment. The
- 10:53Speaker 1: mistake almost everyone makes is thinking that to make money
- 10:56Speaker 1: in trucking, you need to own a truck. Check this out.
- 10:59Speaker 1: A trucking company operates on very tight margins, and every
- 11:02Speaker 1: truck sitting parked because there's no driver behind the wheel
- 11:05Speaker 1: costs that company around $ 4, 000 a month. That's why they'll
- 11:08Speaker 1: pay up to $ 4, 000 for every qualified driver you bring
- 11:11Speaker 1: them who actually stays on the job. Your job is
- 11:14Speaker 1: to find those drivers. You run social media ads targeting
- 11:18Speaker 1: people with commercial driver's licenses who are looking for better
- 11:20Speaker 1: pay or a route closer to home. You verify that
- 11:23Speaker 1: they have a valid license, a clean driving record, and experience,
- 11:27Speaker 1: and then you introduce them to the company. Your only
- 11:29Speaker 1: real investment is what you spend on advertising. This is
- 11:32Speaker 1: where I pulled out my calculator. Place 10 drivers a month,
- 11:35Speaker 1: charge just half of that fee, and you're looking at
- 11:37Speaker 1: around $ 20, 000 a month. And if you work with several companies,
- 11:40Speaker 1: you're not dependent on the hiring pace of just one.
- 11:43Speaker 1: The problem? There's no subscription. Every month you're back out
- 11:46Speaker 1: hunting for drivers again, and a slow month really hits hard.
- 11:50Speaker 1: But out of everything we've seen so far, this is
- 11:52Speaker 1: the closest thing to a business that fits inside a computer.
- 11:55Speaker 1: No trucks, no warehouses, no inventory. Just the right person
- 11:59Speaker 1: in the right driver's seat. Eight businesses. If any of
- 12:02Speaker 1: them have already made you think, I could do this myself,
- 12:05Speaker 1: leave this phrase in the comments. My next business will
- 12:08Speaker 1: be a successful venture. I want to see how many
- 12:11Speaker 1: of you write it. And now we're climbing the final step,
- 12:13Speaker 1: just you and a computer. To get there, we need
- 12:16Speaker 1: to go back to the designer from the beginning, because
- 12:18Speaker 1: he actually shared which businesses he'd start today if he
- 12:20Speaker 1: were starting from scratch. Business nine, thumbnail subscriptions. Let me
- 12:25Speaker 1: ask you something. How many thumbnails do you think a
- 12:27Speaker 1: big YouTube channel tests for a single video? One, two, 10,
- 12:31Speaker 1: sometimes 20. Ever since the platform started allowing creators to
- 12:36Speaker 1: test multiple thumbnails at the same time, channels haven't stopped
- 12:39Speaker 1: making them, and some even create new ones a month
- 12:41Speaker 1: after publishing a video, just to see if they can
- 12:43Speaker 1: bring it back to life. The designer from the beginning
- 12:46Speaker 1: puts it perfectly. This is a need that never goes away.
- 12:49Speaker 1: You offer a monthly rate, the channel sends you its videos,
- 12:52Speaker 1: and you deliver the thumbnails week after week with no
- 12:55Speaker 1: quotes and no meetings. What made me raise an eyebrow
- 12:57Speaker 1: is that with artificial intelligence, a team of two or
- 13:00Speaker 1: three people can produce hundreds of thumbnails in a single day. Before,
- 13:03Speaker 1: this was work done by hand, one thumbnail at a time. Today,
- 13:07Speaker 1: a single person can serve multiple channels at once. But
- 13:10Speaker 1: pay attention, because here's the catch. The tool creates the image,
- 13:14Speaker 1: not the judgment behind it. If you don't understand what
- 13:17Speaker 1: makes someone click on a video, no artificial intelligence is
- 13:20Speaker 1: going to figure that out for you. And as long
- 13:22Speaker 1: as videos exist, somebody's going to need people to watch them.
- 13:25Speaker 1: And the next business makes money from something creators have
- 13:28Speaker 1: already recorded, but nobody is taking advantage of. Business 10.
- 13:31Speaker 1: Short-form video clipping. Here's something interesting. The client hands you
- 13:34Speaker 1: a job that's already halfway done. A creator records a
- 13:37Speaker 1: long video, an hour-long podcast, or an interview. Hidden inside
- 13:40Speaker 1: that recording are 10, 15, 20 moments that would work
- 13:43Speaker 1: as short videos, but the creator doesn't have time to
- 13:46Speaker 1: find them. You find those moments, cut them into clips,
- 13:48Speaker 1: add subtitles, and send them back ready to publish. The
- 13:51Speaker 1: same thing happens with podcast editing. Every week, there's a
- 13:54Speaker 1: new episode waiting. And do you know why the designer
- 13:56Speaker 1: from the beginning likes this business model so much? Because
- 13:59Speaker 1: you only get paid once to design a brand, but
- 14:01Speaker 1: with this, you get paid every single week, as long
- 14:05Speaker 1: as the creator keeps publishing. Once again, it's that third question.
- 14:09Speaker 1: The problem keeps coming back, so the customer keeps coming back.
- 14:12Speaker 1: You don't need an office or inventory, just a computer
- 14:15Speaker 1: and an ear for knowing which phrase will grab people's attention.
- 14:18Speaker 1: The downside is that more and more people are offering
- 14:20Speaker 1: this service. So the cheapest person isn't the one who
- 14:23Speaker 1: wins here. The winner is the one who understands the creator,
- 14:26Speaker 1: knows their audience, and delivers clips that people actually watch.
- 14:29Speaker 1: The footage is already recorded. All that's missing is someone
- 14:32Speaker 1: who knows where to find the gold. And now, we've
- 14:34Speaker 1: finally made it. The one I've been telling you about
- 14:36Speaker 1: since the beginning, the one almost everyone dismisses in five seconds,
- 14:40Speaker 1: is the business coming up next. Business 11, house cleaning
- 14:43Speaker 1: managed from a computer. I'll admit it. When I read
- 14:46Speaker 1: the name, I dismissed it too. Cleaning houses? Seriously? until
- 14:50Speaker 1: I found out that the owner of this business never
- 14:53Speaker 1: even touches a mop. It's one of the biggest home
- 14:55Speaker 1: services industries out there, generating billions of dollars a year,
- 14:59Speaker 1: and it's completely fragmented into tiny pieces. Not a single
- 15:02Speaker 1: company controls even 1% of the market. It's an ocean
- 15:05Speaker 1: of people cleaning houses on their own, and most of
- 15:08Speaker 1: them don't answer the phone, don't have a website, and
- 15:10Speaker 1: have no interest in growing. Meanwhile, thousands of families where
- 15:13Speaker 1: both adults work are searching for house cleaning near me
- 15:17Speaker 1: every single day. Does that remind you of the second question?
- 15:20Speaker 1: There are more than enough customers, but not enough people
- 15:23Speaker 1: answering the phone. Listen to how it works behind the scenes.
- 15:26Speaker 1: You find the customer and schedule the appointment. The actual
- 15:29Speaker 1: cleaning is done by independent cleaners who already have their
- 15:31Speaker 1: own supplies, their own car, and their own experience. An
- 15:34Speaker 1: initial deep cleaning costs around $ 350. Half goes to the
- 15:38Speaker 1: person doing the cleaning, and the other half stays with you.
- 15:40Speaker 1: And here's the business within the business. Roughly one out
- 15:43Speaker 1: of every three customers who try the service once becomes
- 15:45Speaker 1: a regular, booking every week, every two weeks, or every month.
- 15:48Speaker 1: It's like a small neighborhood subscription service, except instead of
- 15:51Speaker 1: TV shows, you're delivering clean houses. With around 30 cleanings
- 15:55Speaker 1: a month, you're already looking at roughly $ 10, 000 in revenue
- 15:57Speaker 1: and between $ 3, 000 and $ 4, 000 in profit without a single employee. Now,
- 16:03Speaker 1: here's the mistake that sinks almost everyone who tries this.
- 16:06Speaker 1: They start cleaning the houses themselves to save money. They
- 16:09Speaker 1: get attached to their customers, never learn how to recruit cleaners,
- 16:12Speaker 1: and end up with a job instead of a business.
- 16:14Speaker 1: Your job isn't to make the house sparkle. It's to
- 16:17Speaker 1: make the phone ring and make sure someone reliable shows
- 16:19Speaker 1: up on time. It passes all three questions at once.
- 16:22Speaker 1: The customer needs the service, nobody provides good customer service,
- 16:25Speaker 1: and the dust comes back every single week. That's why
- 16:27Speaker 1: it's number 11. And that's why almost everyone overlooks it.
- 16:31Speaker 1: If this one changed the way you think about what
- 16:33Speaker 1: a business can be, support us by subscribing. With just
- 16:36Speaker 1: one click, you're helping us keep finding hidden gems like
- 16:39Speaker 1: this one. And the next business is for anyone who's
- 16:41Speaker 1: good with technology, because it solves a problem for thousands
- 16:44Speaker 1: of people who are stuck trying to figure out artificial intelligence.
- 16:48Speaker 1: Business 12, turnkey websites and apps built with artificial intelligence.
- 16:52Speaker 1: It's two in the morning. A business owner has spent
- 16:55Speaker 1: three weeks asking an artificial intelligence tool to finish building
- 16:58Speaker 1: his app. Every attempt costs him money, and the app
- 17:00Speaker 1: still doesn't work. These days, anyone can start building something
- 17:03Speaker 1: with artificial intelligence. But the moment they need to connect
- 17:06Speaker 1: a database, accept credit card payments, or publish it online,
- 17:10Speaker 1: most people get stuck. That exact moment is your business opportunity.
- 17:14Speaker 1: You build it, connect everything, launch it, and make sure
- 17:16Speaker 1: it doesn't break. And listen to this number. The designer
- 17:20Speaker 1: from the beginning said that if he were doing this himself,
- 17:22Speaker 1: he'd charge between $ 10, 000 and $ 20, 000 a month to keep
- 17:25Speaker 1: a client on this service. Why so much? Because the
- 17:28Speaker 1: client isn't buying code. They're paying to avoid having to
- 17:31Speaker 1: deal with any of that, plus the peace of mind
- 17:33Speaker 1: of knowing they have someone to call if something goes wrong.
- 17:35Speaker 1: And since more businesses are being created every month that
- 17:37Speaker 1: need something built, the line of potential customers just keeps growing.
- 17:41Speaker 1: Now let's get straight to the point. You really need
- 17:43Speaker 1: to know what you're doing here, or have someone on
- 17:45Speaker 1: your team who does, because security and payment processing leave
- 17:48Speaker 1: no room for improvisation. And artificial intelligence tools cost money,
- 17:51Speaker 1: so your pricing has to cover those expenses. The tools
- 17:54Speaker 1: are available to everyone. What people pay a premium for
- 17:57Speaker 1: is knowing how to use them all the way through
- 17:59Speaker 1: to the finished product. And I'm not going to introduce
- 18:02Speaker 1: the last business to you. I'm going to let you
- 18:04Speaker 1: recognize it yourself, because you already know it. Business. 13.
- 18:07Speaker 1: A subscription-based design. $ 449 a month. That was Brett's original price.
- 18:12Speaker 1: The designer from a town of 500 people whose story
- 18:15Speaker 1: opened this video. He was working at a transportation company.
- 18:18Speaker 1: saw that rideshare apps were going to eat the company
- 18:20Speaker 1: alive and came up with a plan B. On Friday,
- 18:23Speaker 1: he had the idea. On Saturday, he built the website.
- 18:26Speaker 1: And on Sunday, he launched it on a website where
- 18:28Speaker 1: people vote on new products. He had no followers. The
- 18:31Speaker 1: votes came from his friends and family. He finished in
- 18:33Speaker 1: fourth place that day, received around 36,000 visits, and by Monday,
- 18:37Speaker 1: he had $ 10, 000 in monthly recurring revenue from clients. His idea,
- 18:42Speaker 1: unlimited design for a flat monthly fee, one request at
- 18:44Speaker 1: a time, no calls, no contracts, and customers can pause
- 18:48Speaker 1: their subscription whenever they don't need it. Now look at
- 18:50Speaker 1: what he did with his pricing, because this left my
- 18:52Speaker 1: jaw on the floor. Every time he filled up with
- 18:54Speaker 1: clients and felt like he couldn't handle any more work,
- 18:56Speaker 1: instead of closing his doors to new customers, he raised
- 18:58Speaker 1: his prices. $ 849, $ 1, 299, $ 2, 500, $ 4, 000, $ 6, 000, all the way
- 19:04Speaker 1: up to $ 8, 000 a month. And do you know what happened?
- 19:07Speaker 1: Demand grew because the price put him in a completely
- 19:10Speaker 1: different category. At one point, he had 50 clients at
- 19:13Speaker 1: the same time. And today, he works around 30 hours
- 19:16Speaker 1: a week with average monthly profits of $ 60, 000 to $ 80, 000
- 19:19Speaker 1: and expenses of about $ 1, 000. But it didn't come without
- 19:22Speaker 1: a cost. Before he got his system organized, he worked
- 19:25Speaker 1: so much that he almost ended up in the hospital.
- 19:27Speaker 1: He learned to choose his clients more carefully and work faster,
- 19:30Speaker 1: not longer hours. It all started with a website built
- 19:32Speaker 1: on a Saturday and the courage to launch it on Sunday.
- 19:35Speaker 1: 13 businesses, three questions, and now you know how to
- 19:38Speaker 1: spot the next opportunity. If you've made it this far,
- 19:40Speaker 1: subscribe to Successful Entrepreneur and watch the video I'm leaving
- 19:43Speaker 1: on your screen because it's exactly what you need to
- 19:45Speaker 1: see right now.