Linh: Hey guys, welcome back to my channel.
My name is Linh Podetti.
And I'm the founder of Outsourcing Angel.
And in this video, I want to share with you the cash flow
positive business ideas
that you could start today that doesn't require any capital
outlay.
Okay guys, so let me ask you,
are you wanting to start a business
but you have no money, a little money?
Or are you stuck in a dead end job that you hate?
Or you may be loving your job, but you just have no life
working nine to five with no flexibility to be with your
kids?
Or have you actually tried different business ideas,
but nothing seems to work and it's just costing you more
money?
Well, you're in for a treat because I'm about to share with
you
how you can start a business that brings positive cash flow.
That's right, no business, capital outlay just positive
cash flow.
Okay, idea number one is affiliate marketing.
So did you know that most software companies
like education programs and many great services out there
actually offer commission to you when you refer them clients.
So all you have to do is look at the bottom footer of most
companies you like
and you'll see that they offer something called affiliate
program,
which is where you can sign up for free.
And all you do is promote them and you earn money from them.
Now once you sign up, you get a custom link for you to use,
to share that link with your family and friends.
So if you're lucky though, and you already have built
a database of people in your email list,
you can now write valuable content around hacks
or how to have the products and services and get people excited
to try it out.
Now, every time that they click on the link,
you will earn money without having to actually build those
products yourself.
And you also know that those customers will be taken care of
by these recruitable companies that you love and recommend
anyway,
so your friends will thank you for it while you make money
without having to do any fulfillment.
For example, I'm still pretty new to the YouTube space.
What I mean is that I'm still trying to learn to be good at
it.
But I know an amazing YouTube coach. Her name is Sunny
Lenarduzzi.
Do check her out. She's amazing.
She teaches you everything about YouTube.
Now, when I create a video and upload on YouTube,
I actually put her affiliate link in the description to
promote her.
When people sign up to her free webinar, and they sign up to her
actual course,
she actually pays me for my effort.
Now she's already built that webinar, it doesn't cost her
anything
to give me a share in promoting the course.
And I want to promote the course because I know she's good.
So I might as well earn some money doing it.
So as you can see, it's actually a win win for everyone.
Now, if you have used certain services or products
and the company doesn't have an affiliate program,
all you have to do is actually contact them.
So what you do is you ask them,
Hey, I'm interested in promoting you because I like you guys.
I'd like to send customers your way.
Do you have a referral affiliate program that you can reward me?
Well, most likely they would say yes.
Instead of paying for advertising, they don't have to
fork out the money,
they'd rather pay you for the lead that they never would have
got
if you didn't bring it to them.
Nowadays, most companies actually run through an
affiliate model
because look at the RedBalloon site or Catchoftheday or even
Quantas Airline.
Most things that they sell are all third party goods and
services
that they could commission for without having to carry the
goods.
All right, idea number two, my favorite is niche service and
business.
This I love most because you get to build a business
that solves a problem in the marketplace.
And you could truly be proud to call it your baby.
What you need to do is to figure out what is your passion?
What are you good at and have experienced in.
What industry experience do you have?
And then what's missing in the marketplace.
So for example, this is how I started my business Outsourcing
Angel
and still continue to love it to this day and can't wait to wake
up now.
That's because I have a passion for recruitment
and helping to create jobs for people in developing countries.
And I'm good at marketing and I have experience
in helping small business owners.
What was missing in the marketplace
was high quality marketing assistance at affordable prices.
Now I was running an agency before and thought
what if I made it cheaper for clients to hire marketing staff,
but by providing them with all the support they need,
they get better results than hiring a typical agency
and don't have to even break a leg to do their marketing.
So for you, you have to figure out that sweet spot.
You don't want to just to start a me-too business.
If you start a business like someone else
without thinking about your passion, experience,
and do some market research on how you can actually create a
unique solution,
then you won't create a sustainable business that you
love in the long run.
Because let me tell you, starting a business is not the
hard part.
Staying passionate about your business
and making money in the long term is our goal here.
So don't simply chase the money.
Now let me give you an example of how you can think of a niche
idea.
Is there a certain software that you're really great at using and
love?
For example YouTube, you can actually pick an industry
that you have experience in for example, you may have had jobs
in accounting.
What if you figured out the best YouTube strategy for accountants
so that they could succeed on YouTube?
Another way is to improve a process within an industry.
Let's say your industry experience is in accounting
again,
what if you figure out the typical process a customer comes
into work with an accountant and you can come up with a better
way
to improve the process so that customers stay longer with that
accountant.
For example, you help accountants with a customer
service strategy service.
That includes email scripts you're sending out, thank you
cards,
welcome gifts and anniversaries.
For that same example, you could pick a particular area you're
good in,
let's say in the past, you were really good at doing reports and
really enjoy it.
What if you could really brain dump what you know
and create a service around it.
You could basically bundle it with other services that
complements that as well.
So really, the creative ideas is up to you.
You really need to just pick the industry that you have
experience in
and really look at how you can improve the process.
Another way is have you actually read an amazing book
or done an online course in the past,
you can actually start a service that helps people implement what
was taught.
So for example, iI did the Sunny Lenarduzzi YouTube course,
I had to build a team to execute the ideas I learned.
But other business owners don't have that time.
So what if you learn the course and offer a service
where you execute the strategy for them.
A real example I do have right now is after I signed up to
sendoutcards,
which is a card delivery service that allows me
to create personalized cards and send it to anyone around the
world,
I realized that I don't have the time to actually create the
cards
while I did it originally, but in the long term, I love the
idea,
but I'm just really time poor.
So I told some of my mentees who I teach that
if you can figure out how you can send,
you can save me time by creating the cards for me,
I would actually pay for that.
Another example I'm working on is
after seeing how many struggling actors out there
I got involved in acting,
I realized that a problem that I can solve is to help actors find
work
by creating video content for business owners,
because I also know that business owners actually
want to create more video content
but they either don't want to be in video,
are not good at video presenting or simply just don't have the
time.
So I'm thinking I just need to work out a process
that solves this problem where actors can be hired to do the
video from home.
And I simply mash up the video with photo footages
and turn it to a video for business owners.
And this is exactly how I started an animation business
called Monkey Video Production in the past.
I basically outsourced the script writing, the voice over
and animation
to produce affordable animation videos for companies.
So here's a tip you can do to find where the problem is.
Pick an industry you love.
Find a friend or someone's friend's friend who has money
and ask them what's your challenge?
Don't go to someone with no money and ask them for their
advice
because how they're going to pay you.
So you must go to someone with money and ask,
which area you spending a lot of time in
that you wish you could save time in
because I'm here to solve the problem for you.
So you may wonder how is it that these niche services don't cost
money?
Well, you can charge the client a fee first for your services.
If you can do it yourself first and great, but later on,
you're going to hire people or for me,
I actually hired people from day one.
So if you don't have any particular skills that you need
in order to do this work,
you just outsource it.
So with outsourcing, you can actually do it project based
so you can actually get paid by the client and pay the workers
when the work is done.
When you're starting out, you probably want to find contractors,
you can pay project base for the work.
So when you have work, you pay them but as you grow,
you can then use the money to actually hire them dedicated to
your team.
As you can see, there are many ways to start making money online.
And since I'm so good at making up ideas,
I can even sell ideas making service.
So for example, people can pay me a fee
to come up with a unique business idea for them, see what
I mean?
If you really think about it, anything you can do for them
that others can't.
They would actually pay you for it with outsourcing
as long as you know the solution.
You don't even have to be the one doing it.
You just have to find the best people to do it.
So I hope I've opened up your mind to the possibilities
of starting your own business.
If you came up with an idea after watching this video,
share it the comments below.
Now don't worry about people stealing your idea because
how you execute your idea could be different to someone else.
And if they started the business based on your idea
and not something they truly enjoy,
they will actually start and they'll probably give up really fast.
That is why as a reminder,
please don't start a business because you think it's a good
idea to make money.
Please, please follow my advice in this video
about finding something that is a sweet spot between
your passion, your talent and the marketplace problem.
So thank you so much for watching guys.
If you have really enjoyed my video,
please support me by subscribing to this channel and clicking the
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so that you get notification for when my videos are up.
And you can also check out my other business channel called
Outsourcing Angel
for more tips on outsourcing.
Well thank you so much for watching, and I'll see you again
next time.