4 Businesses With AMAZINGLY Low Failure Rates (You Can't Lose!)
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- Опубліковано 8 чер 2024
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Most businesses fail. But the real question is, how can you run a business that doesn't fail? Well, I’ve found 4 businesses with the lowest failure rate ever which I’m going to share with you today.
0:00 Intro
1:59 My List Of Businesses That Have The Lowest Risk
2:17 Business #1
5:53 Business #2
7:39 Business #3
9:22 Business #4
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If you’d like to talk, I’d love to hear from you. Tweeting @mywifequit directly will be the quickest way to get a response, but if your question is very long, feel free to email me at steve@mywifequitherjob.com.
Note: This video may contain affiliate links, which means that I may receive a commission if you make a purchase when clicking a link.ng a link. - Розваги
🔵Sign Up For My FREE 6 Day Ecommerce Course - mywifequitherjob.com/free/
🔵Sign Up For My Full E-commerce Course - profitableonlinestore.com
🔵Order My Wall Street Journal Bestseller The Family First Entrepreneur And Get $690 In Bonuses - thefamilyfirstentrepreneur.com
😅😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊😊
You sound like fingernails running down a chalkboard. Miss me with that BS
Not true....😮my channel was
Banned still is I HAD GOOD INFO.😮IM not trucker😊
I'm farmer.
I'm in Liberia 🇱🇷 how can I be part of your class
The 2 Business that will never Fail or go under!!
1. The IRS
2. The Funeral Business ❤😊
Death and taxes...😂
Damn you had to be so frank, but that's the fuqin truth!
lol
What about the hospitals? Medical business.
😆
I love when these "experts" say things like "it only costs me $1000 a month" like $1000 is $50
Lol that's mine A
honestly $1,000 is nothing. Any adult would have no problem spending so little money on something that could profit them...and I'm not even rich lol.... but my Max is 5k... after that I kinda cringe lol
Steve's point is that when your business is earning 7 figures a year, paying $1000 a month to keep the business running is not a problem.
This video is just another useless AD
He said at the beginning he spent less than $50 a month. So yea... $50...
From an accountant's point of view - any business that has a daily cash inflow like retail, restaurants, or hairdressers - but monthly or quarters outflows like rent, loans, and extended credit terms from suppliers - are bound to run into an instant "cash trap".
Unless the owners are disciplined and carefully control their cash flow - the money they took in is gone by the time the mortgage becomes due.
Its me. After a bakery cafe and a Fish and Chips restaurant, I have become a Home services provider doing mowing and painting.
Prostitution is another good one.
You know a thing 😏 or 2
YOU FORGOT ONE THAT NEVER GOES OUT OF BUSINESS.................THE Liquor STORE!!! LOL!
When I was a kid in the 1950's, the business least likely to fail was the baldness cure business. People losing their hair would try any possible cure. If one didn't work, they would try another Since none of the cures worked, they never ran out of customers..
You're the most detail, right in point and clear, thank you 🎉🎉
You really didn't explain how HARD it is to promote an online business. It's not as simple and straight forward as you made it sound. Just because you build it doesn't mean they'll come. And online advertising is not easy nor cheap
This is very true!
That is with any business or unless you have customers all ready then your business will make it from the beginning, but if you’re starting from scratch, all business is gonna take at least three years for you to actually see the benefit. You just have to have the common sense and say this is gonna take time and you gotta understand that People goes into these business thinking that they going to make money right away and you’re not it’s just business.
Thank you for sharing this. In the context of the title of this video it’s really great info. Makes sense. 🙏
4 Businesses With AMAZINGLY Low Failure Rates-
(1) launching an online store-dropshipping store,print on demand store,jewellery store etc.
(2)content creation-website, blogging etc.
(3)youtube channel
(4)real estate
The first one has a lot of competition and big companies can sell products or printed stuffs for a very low price compared to a small business.
i appreciate the displayed Family First book, you're a tippy-top gent & i plan to learn much from you, kudos..
Steve is the best as he there is no BS, no slickness. Just professional, smart, and helpful. Will always use his affiliate links because of that.
Reading from a script you can see right through game. He's not authentic. No Soul in his delivery. Nah....I'll pass on this
@@anthonyanderson9963 You've clearly never attended any of his live webinars. If you had, you'd know how ignorant your statement makes you sound.
Bot reply
Don't expect to quit your other job anytime soon. There is a lot of competition now in most niches. Prepare to work at your e commerce store 4 pennies everyday for three years. Your job in the beginning is marketing. Most of you will get tired and quit.
If you're selling the same thing everyone else is selling then the only thing you have to compete on is service and price.
so true
Your exactly on point 100%. True Knowledge! FACTS
🤔
@@deadcell1 Thats what most people are trying to compete on. Those with deeper pockets will be your competition. Prepare to take losses in the first year to compete with them. Once you have established yourself the following years will get better. Just stay focused.
This is not new. Everyone is already doing this 🙄 of course they want to sell you the “training” that’s how they make their money🤥
This. 😅
Sure - he's got two 7 figure businesses already, but the $1,500 lifetime access course is how he makes his money... 🤣
100% true.
It's called a funnel. The entry level of the funnel is never meant to pay the bills.
@@floydmcmondo Not sure I understand. Do you think the people who purchase the class going to buy his handkerchiefs, or are the people buying handkerchiefs going to buy the class?
when you own a laundromat you have more to worry about than the machines. you also have to worry about the building. a lot can go wrong with a building. there is a beautiful laundromat in my town that everyone loved that has been closed for years because the roof was declared unsafe. it was a shock to everyone.
Agree- it’s not passive income at all. My father owned laundry mats and they break or people do stupid things. Change always runs out. Water bills are pretty huge and finding people to keep it clean is also challenging.
15 years ago my ex wife wanted to start a home decorating business. I spent $800 on a LLC. And spent money going out to potential clients homes only to not get hired. My ex wife gave up soon after and never put any work into it. Then she decided she wanted to do an antique store business. So I spent thousands of dollars getting a building and inventory and she didn’t lift a finger to do anything. I had to do all the work and soon closed up shop because she just wanted the revenue to go shopping and not the business itself. So we got divorced soon after. Lesson learned
They never get enough. Love your wisdom!
Damn. I had a similar experience with a so called friend. Luckily there was no $ involved.
@@gordon9177 DUDe sounds like fingernails running down a chalkboard. Miss me with that BS
Russell I feel your pain I had that back in the days it broke me I divorced went back to Africa I grow up in the nederlands I m looking for a partner I have a bussniss plan that won t fail if you intrested let me know all I need is 30k infesmant fair and clear on paper everthing I m from Somalia we honest
You both were wrong but at least you learned your lesson.
Thank you for sharing, very informative.
Great content!!
The business that never fails is shown up on your video background. Take care of your family.
Wow! I was on your email list over 10 years ago and I actually read the emails you sent out. I can’t believe that blog is still going strong. Congrats!
that's his proof that it will never fail...unless you quit!
@@irinaleontyuk I didn’t know it was still around, I haven’t seen it in about 8 years.
@@irinaleontyukOr if it doesn’t pan out.
I have been a real estate investor for 25 years and a math teacher. I live on Maui and am in the process of building a 3-plex here right now. I am very good at construction and remodels. I was in the red every month for YEARS with my first purchases, but I was also factoring in my own cost of living. The first place that I bought was a 4-plex in CA. Solid advice!
I think you are honest in your talking I watch you from the Caribbean
be able to do well what others cannot and your business will never fail
Yes, as old as indentured servants did for passage to America dud work their lenders 1.couldnt do or 2. Didn't want to do...remains the way into the economy.
great video! what was the free open source shopping cart you used when you started?
I appreciate the info especially the 1031 rule in real estate, definitely got to check that out 👍
Great video
Real Estate Development is my business. If you want a single family rental that’s cool but I would skip that’s and go straight to multifamily or flex commercial space.
Not everyone can qualify for a multi family
How to make money? Tell others how to make money
He's been doing this for many years, so he's not a newbie trying to persuade people.
Well maybe we should do it? And then once we are making money we can talk about and do what we want?
Sell a course
Great info. Thank u.
Wow, this video is simply amazing!
It's one of a kind where I don't learn anything but it will probably be the one that will make me prosper the most if I follow it,
Thank you so much for this weak-up call!
Great insights! Starting an online business indeed offers lower financial risks compared to traditional brick-and-mortar ventures, making it an attractive option for aspiring entrepreneurs. Leveraging dropshipping and print on demand models can significantly reduce upfront costs and streamline operations. 💼
Thank you for this great content
You’re the first person to come honest about how to become rich
I'd do a triple like button if I could on this video. It is outstanding the way you presented the information. It makes a lot of sense the way you explain it.
Fail, this one needs to !
I was a field service tech for Cummins Allison 852 Feehanville Drive Mount Prospect, IL 60056 they make money counting equipment (not the diesel people) however this is what ya deal with, half assed furbished parts and to top it of they told me not to do the preventative maintenance anymore at customer sites just run the vacuum a little bit and wipe down the machines. I was like "But that is gonna make the service call numbers go up and is >theft of service< WHY ? Well they wanted to keep selling new equipment every 3 years or so see ? With At Will I was fired,SAD HUH ? Country is in TROUBLE...
What you don't mention is that an online store has other expenses such as marketing that is not cheap and SEO (which can be free but it takes a wile to appear on the search engine results).
100%
agreeee 100% with you.
Marketing can get expensive real fast.
low barrier to entry, low risk, low rewards. there are 2 billion hungry a Pakistanis, Indians and chinese are doing this already
Typically, low risk businesses also have low reward potential as well.
I really want a small e-commerce store... But i want to buy it ready made.
Isn’t it futile to have an online store when you can find the same and unique products on Amazon. The Chinese have made it close to impossible to even shop in Amazon much less having a dinky online store where anyone can just use Google lens to find the same product at a cheaper price. Also as soon as your unique t-shirt or other product you made gets online someone else will make the same thing. All they have to do is see how your sales are. It’s like chasing your tail. I could see how you were successful back in 2009 but those days are over.
First off. Most people are omnichannel today. Second, it's not all about price. It's about marketing and the emotions you can instill in a customer. Take a look at true classic tees. They sell plain shirts for $25. I have tons of examples from students in my class. In fact an interview is going out tomorrow from one of my 7 figure students. I've been selling for 17 years now. Do you think that people only buy cheap unbranded Chinese products?
@@mywifequitherjob You are basically talking about unicorns. I'm not talking about cheap unbranded Chinese products but talking about how it is much easier nowadays to buy a similar product with AI helping you out when you shop. For the masses, it is feasible to do what you are saying but like you said you have been selling for 17 years, thus explains why you diverted to doing blogs and paid courses. Selling items in a small website with sales funnels is more difficult now. Yes , you can make a few sales but I wouldn't say that you will make millions like the unicorns.
@@justhere3794 I didn't "divert" anything. I run a 7 figure store over at bumblebeelinens.com. I own a warehouse with employees. Running a business is difficult but it can be done and I have so many recent examples of colleagues and students doing 7 figures. If this is your current mindset, then yes, you aren't ever going to make money nor are you ever going to succeed. Making 6 or 7 figures is quite doable. And I'd hardly consider True Classic Tees a unicorn... Stop making assumptions based on your own limiting beliefs.
Exactly right. Today millions are sellers same products andvllgger
@@mywifequitherjob❤ And there is the Key 🔑 If you surround yourself with Belief- I am learning that as I speak- Faith in what you do can grow or destroy your potential.
Just as with health- I was sad most my life after loosing my first husband to a heart failure when he was 22- I had to overcome fear of dying when I would turn 22.
Then for our only son who died in the last year.
This man in the comment needs to start Believing he will succeed- or success will not happen.
Great 👍 Faith and Blessings to You and Tour beautiful family sir.❤ Thank you for lighting the candles 🕯️ of others- and not being discouraged .
This is the first talk I have heard of Yours- and positivity is what I seek- enough quicksand in my life 😅
I choose to grab onto the helpful hand you offer- May this fellow do the same. ❤
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Thanks a lot for this recommendation. I just looked her website up, and I have sent her an email. I hope she gets back to me soon.
This guy is cool 😎
Thanks so much indeed, 03:06 well done and sooo cute
Landlords and employees are the downfall of every business
انت معلم اقسم بالله.🎉
يا سلام
One long commercial who will win between other facts about his company
he's making it sound easy but it takes time and effort to establish and start. anyway thank you for this content, doing some research as of the moment.
Very true. Ecommerce is very difficult. I find this misleading.
You can start an E-commerce business for free...literally! Of course it might take time to establish your business and that's how 99.99% of businesses go.
@@Celebscandaldude it costs thousands in paid ads and seo for your store to become established
@@Davo32310 Not true at all!!! And I can tell you have never opened an online store or you are doing it wrong.
@@Celebscandal You can't tell anything bro it's either your TIME (SEO, Link Building, Establishing Social Media Presence) or your MONEY (Paid Ads, Media Buying, Endorsements, Paid SEO Services) etc. The way these influencers make it seem like online stores are so easy to setup and drive targeted traffic to because they're cheap to create is dishonest. 🤡
Is inventory source good or bad
Thanks for this great message. BTW, I signed up for your free e-commerce course. I tried to get the bonus, but the link is broken. 😊
The link shouldn't be broken. Can you email me the link you received?
What about managing logistics and its cost
So no expense starting a blog or UA-cam channels even those you need internet access, phone etc?
Valuable content 🔥
Is this for world wide
Self Storage isn't mentioned.
Okay man but can you tell me how can I learn how to sell it online now
He can! He has a podcast and you can watch his other UA-cam videos. He has a newsletter and he teaches classes. Follow him to learn. :)
I found this video contradictory with your other video about temo. I hope you will make a video about it.
The fees for doing business go up all the time and def. year after year. It costs a lot of money to keep a business open. Nowadays the prices are outrageously high and most people are not buying. Groceries and rent and the business to be in, oh and hospitals. What is terrible is the subscription model for services. An absolute raid!
Back in the day... remember when.
very valuable info, highly appreciated from South Africa, keep up the awesome Work...
yt takes down more channels than ppl think
Real estate. For sure not when world burns with wars.
Heeeeey, I want to open up a laundromat. What a way to shatter my dreams....😆
It sounds like This video is to pay you in one way or another...
@mywifequitherjob Are your courses Step-by-Step (literal pdf with s-b-s) instructions? I am 66 and not totally technologically challenged, but I do not have a natural acumen that naturally and intuitively knows what to do and connects the dots. One strength? I don't quit. I just need clear instructions and someone to whom I can ask questions. I can't afford to retire and I can't keep up a 12-hour a day j.o.b. much longer. Thank you for responding....I do hope I hear from you. I need instructions on how to get started and to get established. TY ❤
How can i buy amazon pallets please make video
Bro go to hibid and search pallets liquidation 😂 easy peasy
1:27😂😂😂1:38❤❤❤
I have just started store on Amazon under 300$ but Amazon is charging a lot of fee n I started loosing money
dont try to expand. I have been trying this for 2 years.... ton of money wasted. PPC, Ad fee. If I could go back 2 years ago I WOULD HAVE NEVER started in AMZ. Invest your money in the stock market or something.
Misleading… business fail when they’re not profitable.
By that definition, reddit is a failure as was Amazon for many many years
Business fail when they can't pay their bills or debts. That's literally the definition of bankruptcy. @rukam3 never played Monopoly as a kid.
Are there any business for india
Millionaire coach
Rental real estate fails often. Way more tgan publicized
3 bucks? I need to learn this crap I really need more income
Right
you say that your yt chanel make "multiple six figures,a year" but on social blade MAX is 2900$/month
eCommerce sounds exciting, especially because of the low costs, but one thing you forgot to mention are the high advertising costs associated with the activity. Not sure why you skipped that in your fine presentation.
I have many students doing 7 figures that do not pay for advertising. Instead they use organic social and SEO. Also, even if you do advertise, if you are profitable, it makes sense to spend more not less.
Thanks for your clarifying it@@mywifequitherjob
How much did you pay for Advertising per day?
I know the price for Advertising per day could cost from $1, $5, $25 per day. All depends on how much a person can afford to start off.
Most of our sales were organic early on. But yes, advertising costs money. Once it's profitable though, you want to spend as much as possible
@@mywifequitherjob please I would love to take your course and have u as my perminent consultant on building my online stores brands and UA-cam channel
@@mywifequitherjob
ok but SEO is not FREE either
Hostgator is now really expensive!!!
2.75/month is expensive?
This video content looks very familiar to someone else's video content.
Hey Steve I did not fine the link to follow up with the online class
mywifequitherjob.com/free/
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to take risks. Saving is great but taking risks puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to Samantha Jack, my portolio is doing really great and im proud of the decisions i made last year.
I feel this is quite an easy one. You already have her name which makes it easy for you. Just look up her name online. I’m sure you will come across her. That’s how I found her too.
gram with her username
Fxsamanthaj, that's it
Fxsamanthaj
At nicegram
real estate, not anymore
😅 for your drop shipping store, you forgot to mention that you need to spend money for SEO and marketing dollars to promote your business on various social media platforms
Says who? I wrote every article for my blog for about 10 years before I hired writers
Why would you spend money for seo? Just learn how to do it. It's not difficult.
Dropshipping: 100000 people selling the same thing including your supliers.
I thought we were talking about businesses that never fail? He talks about dropshipping which I've done in the past and is in no way a long term business model. 😂
I actually agree with you here. The path I recommend for people with less money is to start dropshopping first and then private label your winners
How does youtube send me a check they dont know my address they dont know my bank info because they dont asked. How.?
You give them that information
@mywifequitherjob I'll look it up thank its in the settings right
Please help me
Just pushing to promote your own gain and that’s why I’ll never do things like this. Also, no one ever even tells you how long it ACTUALLY takes to make a decent amount of money.
I will tell you right now. For ecommerce, be prepared to stick with it for at least a year. For content like blogging or you tube, 2-3 years minimum
Halfway through the video waiting for?……my class, my class, the students in my class, my class my class my…UA-cam strikes again
Dude thousands of all these businesses have failed
pfff,to be able to sell online you need to spend at least 4-5k per month in marketing. Print on demand market is saturated.
This video is talking about failure in terms of losing money. When clearly the failure rate of UA-cam channels, blogs, online stores, etc is really high in general for most people so this video is completely contradicting itself.
The point is that people don't necessarily fail with content, they voluntarily quit.
All what you are saying there is not easy in africa here..
🔝
You can get lots an in. Your country china like barrow money. 1 million
Typical Asian proud 🥹
don't trust anyone who sales a course
Don't trust anyone who doesn't use their real name online:)
@@mywifequitherjob don't need to, I am not the one selling courses:)
Just buy crypto like $hex went up 10,000x fastest than bitcoin and eth. $pls $plsx $inc up 25x in 4 months. Best be dollar cost average buy in.
Here are my low cost business start-up ideas:
1) Mobile buttock washing service: Visit people in their home or office and wash their buttocks with a sponge on a stick. Start-up cost = bucket, sponge, stick.
2) Insect funerals. Conduct full burial service for insects. Start-up cost = small cardboard matchboxes for coffins plus a small trowel
3) Mail order dirt. Sell small packets of dirt online. start-up cost = postal items only
4) Snake massage. Massage people's pet snakes. Start-up cost = zero.
5) Pointing service. Point to things people want to look at. Example; if someone asks you that they want to look at a man wearing a cap, point him out. Start-up cost = zero
My channel was cooking.
Followers piling up....i was banned with no explanation sir you are wrong.
What's the channel?
Real estate??😂😂 real estate in the UK is in the toilet
Laundromat, money laundering.