6 Great Smart Business Ideas That Generates income/Skills

 If you're interested in starting your own business,then you're probably aware that, there are a lot of opportunities out there.Maybe you've looked around at some of your options. 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 wanna 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 gonna do that.

6 Great Smart Business Ideas 

6 different ideas for businesses that you can start this year that have very high profits.Before we get into the list,I just wanna let you know that there are kind of two different ways that a business could have high profit.

One is if the business is in a big industry where the business has the opportunity to earn a lot of revenue.On the other hand,there are business opportunities that aren't in such big industries and maybe don't have the opportunity to earn such large amounts of revenue.

Today you're going to read some of each of these different types of opportunities.Some of these are bigger businesses that have bigger potential for earning.Others of them are small businesses that you could do all on your own, just a one man team,but you're able to keep a lot of the profits.

1) IT Support

Business idea number one is IT support.With so many people using technology in so many ways,there is a lot of opportunity for things to go wrong and people to need help.That's where an IT support specialist can come in.This is something that you could do all on your own as an individual and keep a lot of the profits,or you could hire other people for your company.

You'd keep a smaller amount of the profits,but you'd be able to serve more customers.Right now, you might already have the skills and the know-how to be able to support people really well with some specific type of technology,or you might need to get some training yourself to be able to provide your customers with a great experience and be very, very helpful to them.Like I said, there's a lot of different ways you can help people with technology.

You could help people with general computer support,or with their website,or you could help people with their phone,you could help fix phones,there's all sorts of different things you can do and most likely.

2) App Development

Business idea number two is app development.In order to develop apps,you do need to have the technical skills skills and understand coding languages so that you can create the apps.

I want you to know that this opportunity is more than it might seem at first.It can be easy to think that the only way to make a lot of money with apps is if you get lucky,if you make an app that happens to take off and go viral,but there is actually a much bigger opportunity and a much more dependable opportunity if you create apps for other people.

There are all sorts of people out there with ideas for apps that they want to see created and that they';re hoping might take off,but if you have the skills to create apps,then you can serve those people, bring their ideas to life,and get paid for the work.Because of the technical nature of this work and because not very many people have these skills,app developers are paid a high average wage and if you are working as a solo printer on your own as an app developer or you are a freelancer,then you will be able to keep a very high percentage of the money that you earn,which means that this job is very profitable.

Profitable job idea number three is apparel and accessory rental.This is quite different from the other jobs that I've mentioned so far because it definitely falls into that category of a bigger business with lower profit margins.This type of company rents out clothing or accessories or other things to consumers.In this way, the consumer can pay a relatively low monthly fee to have access to a lot of different wardrobe options.You do need a fair amount of start-up capital in order to start this business because you have to purchase the items that you are going to rent out.That will be one of your first expenses.You' re probably also going to need to hire some people to serve your customers.As you can see, there will be some expenses along the way.

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.All sorts of brands have been popping up and even big well-known established clothing companies have started to offer this service,which is just additional proof that it is in fact profitable.

3) Marketing Copywriter

The next profitable business idea is marketing copywriter.A marketing copywriter is someone who writes the words that you see in marketing material such as advertisements.As I'm sure you're aware,people get paid for different kinds of writing.

There are people who write fiction books and nonfiction books,there are people who write articles for magazines,and there are people who write advertisements.There are people who write the words that are on billboards and the words that are said in TV commercials.All these different kinds of writing pay different rates.

For example, if you wanna 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.For example, if you were to write a 5,000 word short story that got published in a book of short stories or in a magazine, it would be pretty common to get paid no more than $50 or $100.On the far other end of this spectrum,you have marketing copywriters that are paid a very high rate per word.It is not uncommon for a marketing copywriter to write the words on a webpage that might be no more than 500 or 1,000 words and get paid $5,000 or even more for that work.If they're writing 1,000 words and getting paid $5,000,that means they're getting paid $5 per word,which is a lot more than one to five cents.

4) Supplemental Academic Courses

Business idea number five is supplemental academic courseware.Academics are big business.As I'm sure you're aware,there are all sorts of different schools,everything from elementary schools to colleges and universities to specialty trade schools.While many of these institutions provide great learning,often times, students need some supplemental help.

They might go to a tutor or they might take a supplemental online course.These courses aren't accredited,but they really help the students.They help the students to perform better in school and get better grades and they also give the student information that will help them in real life.If you have a subject that you are skilled at,maybe you're a teacher yourself,you could create one of these online courses,sell it on your own website or on a public course platform and earn anywhere between about $10 per course that you sell all the way up to around $500 to $1,000 per course that you sell depending on the topic of the course and how it helps the students.

e to learn how to successfully grow their business and market their business and attract customers,they have to somehow get that knowledge.Often times in the past, people would look to books,but as the world has continued to change more and more quickly and technology has advanced,not only was it impossible for books to keep up with all of the new information,but people also discovered that many of them liked learning through video.

If you have a background in business or marketing yourself,maybe you've had success in those fieldsor you have expertise in those fields,then you can create courses on these topics and sell them to people who want to learn these skills as well.Because these are the sorts of skills that help people to earn more money,they're willing to pay more for these courses.These courses typically sell for any where between $50 and $5,000.One more thing about these courseware businesses,the profit margins tend to be very high.Because you're selling digital goods,you don't have to pay for the product to be developed and manufactured and shipped to the customer.You can create and sell additional copies with the click of a button.It's very easy for you to sell many, many copies of your program and keep most of your profits.

6) Social Media Management

The seventh idea on this list is social media management.As many businesses went to market their businesses online by growing a following on social media,they realize that they need some help in this department.It can be very time consuming to create content for social media and a lot of companies simply don't have the skills or the knowledge of how to do this very well.They also don't have the manpower,so they want to hire someone,maybe someone like you whos organized and is knowledgeable about social media and reliable,to post their content on social media,or help them create that content.Because this is something that a lot of businesses don't really have the skills internally to do,they're willing to pay a pretty high rate and again,this is something that helps businesses earn more money,so they're willing to invest in it.

The skills that a social media manager needs are not very extensive.Like I mentioned, if you are organized and you are very knowledgeable about social media,you're familiar with the platforms and you've learned a little bit about marketing,then you can be a great asset to these companies.

Book keeping and accounting

Business idea number eight is bookkeeping and accounting.This business idea does require more skills,more training, more study than many of the other jobs that I'm mentioning on this list,but that just makes this a great time to interject the idea that your current skills are not fixed.In the past, 

I felt like I couldn't do most of thei deas that I was learning about and soI didn't know what I could do,but what I didn't realize at first was that I had the opportunity to learn any of the skills that I neededto really take advantage of any of those opportunities.

As you're reading to this list,if you are feeling like you're not able to do this job,or you're not able to start that type of business because you lack the skills or you lack the knowledge,don't let that stop you.The training is out there, it is available to you.

There's lots of free training available online and there's other training that you can pay for if you want to go even further with any of these different opportunities.With that being said,let's talk about book keeping and accounting.For many years now, it has been ironically reported that bookkeepers and accountants consistently have the highest profit margins of just about any field out there.If you look at any list of industries with the highest profit margins,you will see accounting right there at the top.If you want to develop the skills that can help you earn a good hourly rate and keep a lot of it,then accounting could be a great option for you.

Specific Consulting

Business idea number nine is industry specific consulting.Consulting is where you provide expert advicein a specific field to help businesses or individuals become more successful or complete projects.There are many different types of consulting,really everything from academic tutoring(is a type of consulting) all the way up to business consulting where you'r eadvising businesses on the best strategy to pursue,but some of the best consulting fieldsare industry specific consulting.

Where you have inside knowledge perhaps based on years of experience or prior training that you've gotten,or results that you've successfully achieved yourselfand you're able to help companies or individualsin that specific industry to achieve similar results as you've been able to achieve in the past.Consulting is a type of business witha very high profit margin because your expenses are practically nothing,especially if you're consulting over the web and you're not traveling to your clientsor maintaining an office.

10) Marketing Strategy Services

The next profitable business idea is marketing strategy services.In order for businesses to make money,they need to get customers.One of the main things that they need to do to get customers is to market themselves.This can involve everything from posting on social mediato running ads on Facebook or Google or YouTube to putting billboards up or posting signs in different locations, but here's the thing,there are a lot of options for these businesses and it can be tough for them to figure outwhich option is right for them andhow to get the biggest results with that option.It won't do any good for them to spend moneyposting ads on Google if those adsaren't strategically designed to actually attract customers.They might be completely wasting their money.Instead of risking that gamble,most businesses choose to hire some sortof marketing strategy consultantor marketing strategy specialist to help themget the best results with their chosen type of marketing.Every single year, new types of marketing and new platformsare developed and that means thatthis is an ever growing industry andan industry that always has new opportunitiesand one that is never saturated.It's a great industry for you to develop skills inif you want to work as a marketing strategy consultant.Business idea number 11 is virtual assisting services.A virtual assistant is someone who providesbasic help to an executive or an individualvia the internet.Just like an assistant who might workin an office with an executive,a virtual assistant provides similar services online.Something that you'll notice as you lookat different opportunities that are out thereis that the more specialized andthe more technical they are, the higher they payand the more general they are and theeasier it is to learn the skills that are required,the lower they pay.Virtual assisting is definitely on thelower end of this spectrumnot because anyone can do it with no training,but because the training that is requiredis fairly simple and straightforwardand it's things that anyone can doif they complete the training.Because of that, virtual assistants do earna lower hourly rate than many of theseother jobs that I'm talking about.However, virtual assistants that are native speakersdo still typically earn between $20 and $30 per hour,which is significantly above minimum wage.Aside from that, this is one of those jobs withvery high profit margins.Not only are you going to be earning $20 plus per hour,but you're also going to be ableto keep more than 70% of the money that you earn.Finally, the 12th profitable job idea on my listis editorial services.Editorial services is actually a ratherbroad field that includes everything fromtechnical editing to writing services, but here,I'm talking mostly about the editing side of things,copyediting, technical editing,substantive editing, and things like formatting.These are skills that are relatively simple to learn,but are a big help to your clients.They can help to vastly improve books,which can make the book much more successful later onand so people are willing to paya pretty high hourly rate for these editing services.There's also a lot of different opportunities herewith how you can use these skills.You could work as a freelancer workingone-on-one with clients, or you could start an agency,hire people to work under with youand work with more people,or you could get a job with the editingskills that you learn.As a freelance editor or editorial consultant,you're able to keep a very large amount of your profits,making this a very profitable type of business to run.On the other hand, if you choose to go the agency route,you're able to work with a lot more clientsand still keep a fairly large percentageof your revenue for an agency.That brings us to the end of this listof 12 of the most profitable business ideas.I hope that you heard an idea on this listthat really stuck out to you,something that sounds interesting to you.Again, don't limit yourself to theskills that you currently possess.Pursue one of these opportunities thatsounded the most interesting or the most enjoyable to youor sounded like the best opportunity.I promise that if you put your mind to itand you do the work, you can learn these skills,you can get the experience that you needand you could take advantage of any of them.Again, if you'd like to see more videos aboutentrepreneurship and success and personal developmentand you haven't yet subscribed, then do that now.Click that red button below to subscribe to my channelfor new videos every single week.Don't forget to ring the bell as wellso you get a notification when the next video comes out.Of course, if you liked this video and found it helpful,then click the thumbs up button belowbecause that will help more people find this video as well.Before you go, I've got one more cool opportunityto share with you if you're interestedin earning more profit this year.If you'd like to learn more abouthow to actually increase the profits of your business,or you're thinking about starting a businessand you want to get it started right from day one,then I'd like to invite you to join usfor the profit planning challenge.This is a free four-day event,it takes just about 30 minutes per day,and guides you through the process of writinga profit plan for your business.A profit plan is a lot like a business planexcept it's focused on one key objective,driving your business to where it's making more profitwhile allowing you to work fewer hours in your business.Basically, it will give you a framework to earn morefor every hour that you work.If that sounds like something thatyou 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 nowand like I said, it's completely free.Hope to see you there.Thanks again so much for watching andI look forward to seeing you again next week.