look the cost of living is going up inflation is rising every day rising at a faster rate than
monthly salaries even including pay rises and this problem could be catastrophic
for people relying on just one source of income the situation is gonna get worse and worse and
by the looks of things the cost of living for your daily goods your food your gas and your day-to-day
expenses are gonna continue to rise and if you're still relying on just one source of income you're
sitting on a ticking time bomb you probably only have a few months left before things really go
downhill but the real question is what the [ __ ] are you going to do about it how are you going to
continue providing for yourself and your family if your monthly income soon barely even scratches the
side of your outgoings what you need to do is pull your finger out and stop panicking because nobody
can change your situation but you so if you're worried about your financial future right now grab
the bull buy the horns and start focusing your time on money generating activities scrap netflix
for a few months get up earlier work late at night and hustle there are no ifs and buts this is what
you've got to do to get out of your situation this is your only option so start now before it is too
late and i can say this as somebody that has been in thousands upon thousands of pounds worth of
debt now thankfully that wasn't coming up to a recession and in that time i just needed to
pull my finger out grab the bull by the horns and learn a new skill and for me that was jumping into
corporate sales i was terrified i used to walk to the edge of the office and tremble in fear with
my script in my hands and every single day i was worried about getting sacked at the start because
i was so useless on the phone but within three months of being in that company i was in within
the top three sales performers internationally because i learned a new skill whilst i was pushed
against the wall because i was in so much debt that i couldn't even tell my friends
and my family about it because i was so ashamed i could only get myself out of that situation and if
i can do that you guys can as well and i'm warning you that if you are in financial difficulty right
now it can only get harder in a recession and look i don't want to help you today to just get
yourself out of financial difficulty because i know what that is like and it's a huge relief
but after doing that i decided i wanted to work for myself i didn't want to work for other people
and so i started my first online business and now fast forward to today i have multiple companies
generating seven figures on a yearly basis now i'm not saying that you're going to achieve the same
thing before this recession starts but if i can at least help you guys create a new income stream
so you can actually be financially better off at the end of this recession and take advantage
of the massive discounted opportunities that we're gonna have when it comes to investments
then i would have at least achieved something so that's what we're gonna be going through today
the best online business models that you can start before or even during a recession so let's talk
about some of the types of businesses that you could start right now to both earn some extra
income but also hopefully replace your 905 job and it's not just important for us to pick something
that you have a personal interest in and something that makes you the most money and cost you the
smallest amount of time and skill set to start off with but specifically in this case we need
to start something which is somewhat recession proof because in a bad economy especially in an
inflationary environment business models that have low capital expenses and high profit margins and
cash flow tend to be the businesses that fare better because they have more pricing power
and they don't need capital to put back into the business for it to expand so this is the formula
that we're going to be working with today high cash flow plus low capital expenses equals as much
of a recession-proof business as you can possibly get and i'm going to be ranking them based on how
quickly you can start getting cash flow and how much money you need to invest to actually
get started because these points are incredibly important especially if in your position you might
be hard up right now and you don't have an awful lot of money to invest in actually getting started
so what types of business models could we actually start and i'm gonna be going through these in
no particular order and we're gonna start off with investing and i'm gonna get this out of the way
first because investing is not a business model but i always get people mentioning a lot when
i create any videos like this and investing in stocks and shares and crypto and any other assets
as well will be a really valuable way for you to make a lot of money during the recession right but
it only works if you have a lot of free capital to invest and actually put into places in the first
place right if you want to see life-changing returns you're gonna have to invest thousands
upon thousands of pounds or dollars to actually see those kind of returns if you've only got a
hundred dollars here or there you're really not gonna do anything that's gonna change your life
so what you're much better off doing is focusing your time on a real business during this okay a
real business that's going to help you make those thousands if not tens if not hundreds of thousands
that you can invest in assets and then make life-changing returns if you don't have large
amounts of capital to invest then there's no point wasting your time and thinking of where to put it
right now okay we might hear stories about people making 100x games those are unicorn cases it's not
going to happen to you well the chances are it's probably not going to happen to you so just focus
your time on starting a real business so what is a real business first one we're gonna go into is
amazon fba now fba means fulfillment by amazon and it's essentially the act of getting products
listed on the amazon marketplace so you would pick a product that you want to sell you would
source a supplier over in china or another country where manufacturing costs are low you could use a
website like aliexpress or alibaba to find those suppliers then you would brand that product for a
process called white labeling and then they would send the product out to amazon who would store the
product and send it out to your customers when they actually purchase it so let's say you've
picked a hairdryer as your product and it cost you 10 from china you could sell up on amazon for 30
and in theory you've just tripled your money but the thing is you've got to pay for shipping costs
from the supplier to amazon you also have to pay amazon for their fba fees and you also got to pay
advertising costs for you to even get the customer in the first place but that being said you should
still at least double your money or aim for that now the average profit margin for an amazon fba
business is between 30 and 50 so with that in mind how much cash do we need to actually get
ourselves started well the main cost when you're first starting is stock and most suppliers have a
minimum order quantity and this can range anything from 100 to 5 000 items when you're first ordering
with a supplier so the initial cost to start an amazon fba business can range from anything from
500 to 10 000 plus so it's not exactly a cheap business to get started with and there are also
huge wait times when it comes to your stock from suppliers and in some cases you can wait
months just for your stock to arrive in the amazon depot and after that you've still got to get that
product listed on amazon and start bringing in those initial sales so it could be six to
12 months before your first paycheck even comes in and what about if you don't pick the right product
you might not make any sales at all now this isn't an issue in the grand scheme of business and i do
believe that amazon fba is a great business model for people who know what they are doing
but i do not think it's a suitable business for you to start before or during a recession so my
overall recession proof rating for amazon fba would be four out of ten the next business model
is drop shipping now drop shipping is similar to amazon fba but instead of storing products with
amazon and shipping them through amazon you would create your own e-commerce store using a host
like shopify and the supplier would then send products directly to the customer instead of
amazon sending them so similar to amazon let's say we picked a hairdryer as our product and we
were paying ten dollars in china for the product we could sell it on our hosted e-commerce website
for 30 and in theory we're tripled our money but we have to pay the supplier to actually send the
product out to the customer and because of these international costs these can really rack up and
you'll also have much greater advertising costs when it comes to drop shipping stores because
you cannot rely on amazon for their traffic now because of these large advertising costs the
average profit margin for a drop shipping store is between 15 and 20 so how much cash do we actually
need to get started well unlike amazon we don't need to buy a bulk of stock to send somebody to
send out right because the supplier already stocks this stuff they manufacture it themselves with the
majority of drop shipping stores especially in the initial stages you don't even need to brand
those products and incur the cost to do so but you will need to invest heavily into advertising and
i'd recommend anybody who's thinking of starting a drop shipping store to allocate at least
two thousand dollars for your advertising budget for that first month to get the store off the
ground and this is the reason why the majority of drop shipping store owners fail because they do
not allocate enough advertising budget to actually test enough to get the store off the ground
and to start bringing in those first sales now your cost of starting could actually be much
greater than this you could have already spent hundreds on advertising before you realize
that you've picked a bad product and then you have to start from scratch again and reallocate
funds into your advertising but that being said if the product is right you can start making money
very quickly and within the first month you could start making profits so if you know what you're
doing drop shipping could be a great opportunity for you but none of us truly know how e-commerce
will be affected when this recession comes so because of that uncertainty and the risks involved
with the initial investment my recession-proof rating for dropshipping would be six out of ten
the next business model is an agency and this is simply a business in which services
are exchanged for money and this was my first successful online business and in my instance i
approached local businesses and provided facebook ads to them in order to help them increase their
monthly sales for example you could reach out to local dentists and you could offer facebook ads
and charge them in excess of one thousand dollars per month for this service and bring them in tons
of new customers every month now because of this the average profit margin in an agency
is around 90 when you are starting off and an established agency making over 100 000 a month
should still be able to retain good profit margins of between 50 and 80 now you will of course need
to learn a new skill set but with the amount of free resources available to you online on places
like youtube this should only take you a couple of weeks to get started you also don't even need
to provide these services yourself when you're first starting if you don't want to you could take
a cut of your monthly client retainer and give it to somebody else and outsource that service
to somebody with more experience than you the agency business model takes a very short amount
of time for you to start profiting with the only major investment is your knowledge and your time
in the initial stages so you could easily sign your first client within the first 30 days of you
starting now in my instance i was making 10 000 a month within my first three months of starting
and i had a full-time job when i first started my agency so with this in mind considering the
profit margins and the low expenses i would give the agency business model a recession-proof rating
of nine out of ten the next model i want to go through is personal branding now personal branding
is simply the act of creating a brand around yourself like this youtube channel of me that
you're watching right now and you would pick an industry that you have a personal passion and
interest in and you would start creating content around that industry or niche now of course you're
not just limited to youtube but you can create content on places like tiktok on facebook on
instagram or any other social media platform for that matter or you could even launch a podcast or
start being a blog writer now people with personal brands make their money from both platform revenue
like youtube adsense but also through affiliate marketing where they would promote other people's
products or services in exchange for a small percentage of that sale now this can be very
lucrative if done correctly for example youtube have paid me over two hundred thousand dollars for
uploading my weekly videos over the past few years alone and i've also made over one million dollars
from various affiliate deals over my personal brand and with the only investment being time
that's all 100 profit now this all sounds great but personal brands take a lot of time to get
off the ground and to build and as we've already established time isn't something we have an awful
lot of right now it'll take months for your brand to be at a position where you can even monetize
it and that cash in the initial stages is going to be nothing to shout about and it'll take years for
your brand to truly take off so with that in mind i would give personal branding a recession-proof
rating of 5 out of 10. that being said i would recommend all of you to start a personal brand
it's one of those things that chips away over time and before you know it you're going to look back
in amazement at how much it has grown and the opportunities it presents you with and if your
niece suits it i would recommend starting off on tiktok because even still right now the algorithm
is ridiculous now the final business model i'll talk about today is consulting and consulting is
a business model in which you would offer your knowledge in exchange for money for example if
you're a personal trainer you could start an online consulting business where you consult
people over the internet on their health and their fitness now consultants charge anything from one
thousand dollars to fifty thousand dollars for their knowledge in some instances depending on
their skill set level and unlike to agencies because they're offering a service essentially
their profit margins are incredibly high around 50 to 80 percent now not all consulting comes
in the form of coaching in fact many people will create online courses in which they would record
a series of videos and package them up under one price now of course you do still have to invest
in your advertising and getting customers and i'd recommend anybody starting off in consulting to
budget at least two thousand dollars a month in their initial stages just for their advertising
spend now this business model is great if you have a pre-existing skill set and you feel confident
enough to teach it to other people but it's not suitable for you if you're simply faking it that's
just fraud so to be a successful consultant you need to be a master in a skill set so master it
first before you then go ahead and teach it to others and this can take months or even years for
you to do this so with that in mind as a business model i would rate consulting an 8 out of 10 but
only for those people who qualify for it cool so i'll get all of those business models up on screen
right now along with their ratings so you can see them in order and as you'll be able to see in my
opinion the perfect business model for people to start right now during or before the recession
if you want to make as much cash as quickly as possible is an agency now call me bias because
that is the business model that i first started and what made me successful in my initial stages
but factually this is the business model that has the lowest capital expenses and the highest cash
flow and that is the formula we were aiming for at the start of this video and if you want to get
started today you want to look into starting an agency of your own you want to learn about
that business model then i'm going to put a link somewhere around this video and in the description
where you can learn how to start an agency of your own right now and get started today and
for those of you that want to take the elevator and not the stairs look into the affluent academy
which is our done with you mentorship program that will teach you how to build an agency to 10
000 a month in as little as 90 days but to be honest with you i don't really care
what business model you start just as long as you start something this upcoming recession will
make or break people it is your opportunity to create life-changing wealth just do not sit on it