Hot Business Ideas 2020

The problem with a lot of the jobs that you'll see on those lists is that they don't pay very much and you probably want start your own business so that you can increase your income so that you can have more flexibility and freedom and be your own boss, but unless the job pays reasonably well, it's not going do that. In this video, I'm sharing with you 12 different ideas for businesses that you can start this year that have very high profits.

Before we get into the list, I just want let you know that there are kind of two different ways that a business could have high profit.

Take for example a music teacher. They're teaching one student at a time or a small group of students and they're just one person. They might be able to keep 80% or even 90% of the money that is paid to them. In this blog post, you're going to learn some of each of these different types of opportunities.

One last thing before we get into the first idea and that's just if you're new here and you want learn more about entrepreneurship and success, then be sure to subscribe to my blog because I make new posts on those topics every single month.

IT support

You'd keep a smaller amount of the profits, but you'd be able to serve more customers. There's a lot of different ways you can help people with technology.

Apparel and Accessory Rental

You're probably also going to need to hire some people to serve your customers. This business isn't going to cost nothing to run, but you are able to serve a large number of customers and there's a big demand for this right now.

Marketing Copywriter

As I'm sure you're aware, people get paid for different kinds of writing.

For example, if you want be a fiction writer, not only is there a lot of competition, but it's also quite common to get paid anywhere between one and five cents per word that you write.

It is not uncommon for a marketing copy writer to write the words on a web-page that might be no more than 500 or 1,000 word sand get paid $5,000 or even more for that work.

Business idea number nine is industry specific consulting .Consulting is where you provide expert advice in a specific field to help businesses or individuals become more successful or complete projects.

Consulting is a type of business with a very high profit margin because your expenses are practically nothing, especially if you're consulting over the we band you're not traveling to your clients or maintaining an office.

Virtual Assisting Services

Just like an assistant who might work in an office with an online. Something that you'll notice as you look at different opportunities that are out there is that the more specialized and the more technical they are, the higher they pay and it's things that anyone can do if they complete the training.

Editorial Services

Editorial services is actually a rather broad field that includes everything from technical editing to writing services, but here, I'm talking mostly about the editing side of things, copy-editing.

There's also a lot of different opportunities herewith how you can use these skills.

That brings us to the end of this list of 12 of the most profitable business ideas. Again, don't limit yourself to the skills that you currently possess.

Of course, if you liked this video and found it helpful, then click the thumbs up button below because that will help more people find this video as well.

Before you go, I've got one more cool opportunity to share with you if you're interested in earning more profit this year. If you'd like to learn more about how to actually increase the profits of your business, or you're thinking about starting a business. This is a free four-day event, it takes just about 30 minutes per day, and guides you through the process of writing a profit plan for your business. A profit plan is a lot like a business plan except it's focused on one key objective, driving your business to where it's making more profit while allowing you to work fewer hours in your business.

Basically, it will give you a framework to earn more for every hour that you work. If that sounds like something that you would like to do for yourself and for your business, then join us for the next profit planning challenge. There's a link down below where you can sign up right now and like I said, it's completely free. Hope to see you there. Thanks again so much for watching and I look forward to seeing you again next week.

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