Hey guys, it's Andrew. And today i'm going to talk to you about how to set up your
business in order to become successful in the year 2021 and beyond.
these are going to be custom niches unique industries and places that are going to grow
wildly especially as we consider how many businesses have been started in the pandemic
and how many other businesses are starting to churn and shut down if you want to answer the
question how do i become a millionaire is the fastest way to become a millionaire by starting
my own business and how do i smash the heck out of that like button for the youtube algorithm and
subscribe if i'm new here hey if you are welcome it's good to have you here let's get started the
first profitable industry that has gotten a ton of growth in the last few years if not the last few
months is income share income shares are contracts between people who are looking for a specific job
or a specific role in an industry and people who can help them along that path such as mentors
coaches boot camps and even financial institutions nowadays this cuts out the middleman of having
to get a loan before you're able to afford your education instead of having lenders profit from
the relationship between students and educational facilities the educational institutions
implement that loan ahead of time creating a platform where you can connect tutors and
mentors and coaches with people who are students mentees someone who wants to pivot or break into
different industries can actually be incredibly profitable take sharpest minds for example
i didn't know about sharper's minds until earlier this year but now they have grown a ton connecting
data science mentors with data science mentees off the top sharpest minds takes a three percent cut
stripe takes a less than one percent cut for transactional fees i've been a mentor on that
platform for a couple months and now i've already accrued over a dozen mentorships successful ones
at that and now i've actually been able to expand my own small self business of mentoring
and coaching off onto my youtube channel as well as onto other platforms as well starting your own
income share based business can start as easy as a discord server where you're connecting people to
other people this type of business is grounded in successful models where there's some sort
of peer to peer connection peer-to-peer business models include marketplaces like ebay and amazon
but also ride sharing like uber and lyft being able to be the middleman the medium in which two
different sides of a market can interact can end up making you a ton of money especially if
that's a business idea that you are interested and passionate in creating rolling right along
number two is gonna be virtual assistance with the extra time that people have on their hands thanks
to no more commuting and they're staying at home a lot of people are picking up mechanical turk jobs
or virtual assistantships something that provides low impact low fuss low paying work to people who
have lower education people who are students and etc creating a platform where people can
shop for virtual assistants where people can sign up to be virtual assistants can end up becoming
a immaculate trend upward as people are spending more and more time with their free time they have
no idea what to do with other youtubers on the platform can attest a va can be something that
changes your entire small business so essentially you're the small business of helping other small
businesses get better at being a small business this can start off as a leads aggregation business
where you are just connecting people on linkedin but ultimately you can grow into something like
a fiverr or a taskrabbit where you are connecting people who want to virtually work with people who
are looking for some virtual workers we're going to switch gears to this next business idea which
is fitness technology 2020 has created a vacuum for gyms and other scalable ways to keep
healthy and fit to shut down entirely so now people have this chunk of change that usually
was their gym membership that now suddenly they cannot spend on gyms alone or their very least
a gym membership so now they have to find out how to exercise by themselves and allows you a savvy
entrepreneur to start filling that gap youtubers have already created millions of views which means
thousands if not millions of adsense dollars off of this trend such as chloe ting who has gone
huge over this past year starting as a personal trainer can create that extra flair but creating
a crash course something that feels high touch but ultimately is automated videos of you sending it
to a potential client ends up making you a nice chunk of change on the side this can easily scale
to an entire fitness tech industry investing in fitness tech helping people find a way to become
fit through behavior hacking all of these end up being incredibly lucrative ways to start a fitness
based industry idea speeding on through we have to talk about delivery delivery is going to be a huge
part of 2021 as it was for 2020. companies like doordash instacart grubhub these companies have
been able to take advantage of the fact that everybody is afraid everybody is terrified of
going outside and getting their food or their groceries or eating close enough to someone to
hear and gossip about their conversations that's scary it'll be pretty hard to compete with these
industry giants so focus on a specific niche maybe you want to be a delivery service for people who
specifically want hardware parts delivered to them maybe you want to be a delivery service for high
touch gifts especially since human contact is getting harder and harder maybe you want to be
the middle man that becomes something special that a family member came to another family member in
the holiday season maybe you want to be in a specific industry maybe you specifically focus
on home-cooked foods from small mom and pop shops or engraved instruments so that musicians can have
something that lasts a lifetime what do you choose just know that contactless pickup is going to be a
huge part of the way that you can be successful next we're going to talk about men's health and
specifically the fact that men didn't even go to the doctor regularly enough before the pandemic
hit now you are seeing a lot less frequent doctor visits because of fear of entering a hospital or
any place where there are sick people as well as men who still need to get a little fitness check
or maybe just get their regular cleaning and their hygiene taken care of high touch services like the
dollar shave club for razors and keeps for hair loss allow men to feel like they are still taking
care of their bodies without doing the normal stuff like maintenance and doctor visits and other
silly stuff like that streamlining it making it seem cool building a business around that industry
would be incredibly profitable in 2021 finally and we want to be pretty meta with the final topic
is social media curation and education everybody these days wants to be a media vlogger or blogger
hell this person right here in front of you is trying to make that happen himself so that's why
i would appreciate a like if you haven't yet and a subscribe if you're new again always be plugging
silicon valley girl covered the story of how people were able to create courses back in russia
and whenever they sold a course or two every month that would be five thousand to ten thousand
dollars a month and in russia that's a huge salary especially since you would just be making your own
money as your own boss creating courses that allow people to streamline what you've been able to
learn from youtube what your own growth is having proof of work is helpful in this industry if
you're already a successful youtuber leveraging an audience no matter where it is tick tock instagram
youtube medium wherever you have eyeballs clicking on your work regularly that is something you can
leverage and turn into a working business model by teaching other people how you were able to get
to this level of success well that was a lot said about different industries that you can
participate in if you wanted to start that journey to a million dollars she's nowhere near my size
but today i do want to give a shout out to silicon valley girl she's built out her own business it's
really admirable to try to learn from her see what business practices that she did make sense
and what kind of topics she covered so that i can cover similar topics as well she's the inspiration
for this video so i appreciate her hey you guys it's editing andrew here and today i'm gonna
embark on a journey i'm gonna embark on the 30 day challenge where i for the month of december put
out a video every single day that's not to blow up your inbox with some quality content each of these
videos is going to be as colored with juicy chock full of information as it was before it's going
to have you engaging in each of the comment sections it's going to have you watching the
thumbnail clicking a thumbnail and it's gonna have you clicking your heart's content away on the like
button and the subscribe button if you're new the reason why i wanted to do this is because i was
inspired by a person on the internet and possible future friend shane hummus he creates very niche
content so that's the person i wanted to shout out in this video if you want to be shouted out in a
future video you know what to do put a screenshot of this video on your instagram story tag me
andrew mo money and you can get shout out as well i also might pick a random comment down below so
if you want that go ahead and comment you might have noticed that i've already been doing daily
uploads for most of the month of november i wanted to see if that would tear away at my mental health
it did a tiny bit but not to worry you guys because mainly i wanted to continue to create
daily important content for you guys so if you can hang with me if you can increase that retention
watch a video all the way to the end and make sure to bust through that impressions click-through
rate i would really appreciate it anyway we'll defeat the algorithm together until next time
peace
okay
what was i talking about