Hey Dan. I am 45 and my core skill is people. I can talk to literally anyone and build trust/relationships. It’s what I do best and without trying to sound to cocky, I’m really good at it. How does one transfer a soft skill like that into an online business that can scale?
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That'd be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn't mean you should go in blindly. To understand the potential factors that contribute to your financial growth, l'il advise you to seek the help of a professional
I completely agree; I am over 40 years old, recently retired, and have approximately $1m in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
@@maryHenokNftI actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
The decision on when to pick an Adviser is a very personal one. I take guidance from *Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
“Lucinda Margaret Crist” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
Many individuals report success in investing in stocks, forex, and cryptocurrency (Bitcoin), yet I continue to struggle. Can somebody help me out or advise me on what to do?
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Same here all thanks to Gillian Sara sheeran, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.
Ma'am Gillian Sara sheeran is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
Investing in many sources of income that are independent on government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.
It's really not easy investing or trading the financial market. I read a lot of books, tried to study, watch some tutorial videos, did a little demo before funding my account and I still lost a lot. The financial market could be very tricky
I'm curious, for someone with less than $80,000 to invest, how would you recommend we enter the market? I am open to study some traders and copy their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
Knowledgeable Investors know where and how to invest their money to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.
That is just amazing. I've attempted to employ a financial advisor by doing some research on my own, but it's somewhat daunting. Would you kindly refer the people you work with?
"Amber Michelle Smith" has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
1. Product business is one option, with emphasis on pre-selling, direct-to-consumer approach, and investing in building a brand. 2. Agency or service business is another viable option, focusing on identifying strong market pain, productizing services, emphasizing recurring revenue, and scaling with systems. 3. Coaching business, including consulting and online training, offers high margins (70-80%), with an emphasis on selling expertise, educational-based marketing, and building a community. 4. Software business boasts the highest gross margins (80-90%), emphasizing the importance of a sticky product, targeting boring industries, optimizing first-time user experience, and prioritizing customer retention for long-term success.
I've been in the software business for over 30 years and while creating and selling software is a great business model, the support costs should not be left out. No software is ever finished and will always require support.
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. hence I will suggest you get yourself a financial-Advisor that can provide you with entry and exit points on best stocks to buy now or put on a watchlist.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances
Nancy's unique strength lies in her realistic approach, which sets her apart from other brokers that often set unattainable targets and fall short in delivery.
We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Attempted an online grocery store and learned the margin lesson the hard way given the cost of onboarding a first time buyer and overall profit margins.
Success depends on the actions or steps you take to achieve it. 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.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
*Izella Annette Anderson* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Your dedication, enthusiasm, and insight are shown in your work. Keep on doing great works like this, and there’s no looking back for you! The way you gracefully pulled off the work - I am so proud of you. BsnsFunding , Thanks for going through all the hassle and making them worth it. Congrats and best wishes for a promising future.
Is key but hard to find. Almost every vertical already has big players in them. If there are no big players, the vertical is probably not in high demand.
DAN , I'M SO HAPPY I STUMBLED ONTO YOUR CHANNEL, I REALLY ENJOY YOUR BUSINESS TALKS, YOU'RE THE KIND OF HUMANS I NEED TO BE SORROUNDED BY , SO MUCH TO LEARN FROM.
Lovely video Dan, In order to maximize the growth of my $400k portfolio during the upcoming bull market, I am actively looking for new ways to invest and diversify it. Any suggestions?
You’re right Jean. Since I made some huge loses early last year, I have been working with a seasoned professional advisor for the past eight months now, and it’s been an amazing experience both financially and psychologically
He’s the licensed fiduciary I work with. Just look his names up on your search engines and you’ll get the necessary details you need to set up an appointment with him. Cheers!
A Friend told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. is this a good way to potentially grow my retirement savings to about $3M over time?
The best course of action if you lack the knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the stock market and grow my portfolio to about 65%, I believe that is the most effective way to enter the business at the moment.
'Heather Lee Larioni' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
🎯 Key Takeaways for quick navigation: 00:00 *💼 Great businesses have high gross margins, ideally 70-90%.* 01:20 *🤖 For a successful product business, focus on pre-selling, direct-to-consumer sales, and building a strong brand.* 02:44 *🛡️ Agencies or service businesses thrive by addressing market pain, productising services, focusing on recurring revenue, and scaling with systems.* 05:47 *💼 Coaching or consulting businesses require selling expertise, sharing knowledge freely, and building a supportive community.* 08:33 *🤖 Successful software businesses prioritise building a sticky product, targeting boring industries, perfecting the first-time user experience, and emphasizing customer retention.*
The coaching was speaking to me. Giving free coaching forever so I’ve been working on my money mindset to be comfortable getting paid. It’s time. People are waiting to be radically transformed. Loved your interview with Tony Robbins talking about the Holy Grail of Investing. Wonderful!
Hello friend, how are you? My name is Mazinho, I'm from Brazil and I'm looking for business ideas on the internet to make money! I would like to know business ideas that work in the USA so I can do it here in Brazi! Would you help me?
00:01 Start businesses with high gross margin and high dollar amount sales 01:26 Pre-sell for product validation, go direct to consumer, invest in brand 02:48 Focus on key factors for business scalability. 04:10 Start a recurring revenue service for ongoing income. 05:31 Becoming a successful coach requires mastering the art of selling your expertise. 06:51 Build audience through teaching and sharing knowledge. 08:21 Key points for successful software businesses 09:41 Focus on user activation and retention for successful software businesses Crafted by Merlin AI.
🎯 Key Takeaways for quick navigation: 00:00 📈 *High gross margin is key in businesses; aim for 70-90%.* 01:48 💼 *Strategies for successful product businesses: pre-sell, go direct to consumer, invest in branding.* 02:30 🚀 *Agency or service businesses thrive by focusing on market pain, productizing services, securing recurring revenue, and scaling with systems.* 05:05 👩🏫 *Coaching or consulting businesses require expertise in selling, sharing strategies openly, building community, and offering ongoing support.* 07:51 💻 *Software businesses excel with sticky products, targeting boring industries, optimizing first-time user experience, and prioritizing customer retention.* Made with HARPA AI
In 2024, tech-related businesses, sustainable ventures, and those catering to remote work trends seem promising. That is the reason why I loved the last point, videos like this makes the effort to find the correct Bussiness worth
This is absolute gold! Thanks Dan. A real insight into what a very sharp business mind focuses on, and then you lay it out so succinctly. Also for me, the third point in software about First Time User Experience really connected. For what it's worth, Leila Hormozi does a great video on the importance of getting customers to that activation point where they are hooked into the product, because the product is now doing what it was advertising it would do for the customer. You just give one of the best examples here.
Absolutely, I completely agree! The service industry is appealing because it allows us to leverage our knowledge for top dollar. Thank you for the important reminder about the significance of high margins. Indeed, attempting to undercut competitors by lowering prices right from the start only serves to diminish margins. I believe the smart approach is to actively engage in these industries while also strategically investing capital in the other high-margin opportunities mentioned. Thank you, Dan, for your insightful research and hard work.
Question for you, or anyone. I am 45 and my core skill is people. I can talk to literally anyone and build trust/relationships. It’s what I do best. How does one transfer a soft skill like that into an online business that can scale?
Norman Vitalii’s expertise and strategic insights have been instrumental in driving the financial growth of our clients across various industries. His ability to analyze complex financial data and provide clear, actionable guidance has helped businesses achieve remarkable success. Norman’s deep understanding of market trends and industry dynamics allows him to develop innovative strategies that deliver tangible results. His commitment to excellence and his collaborative approach make him a valued partner to both our firm and our clients. Norman’s contributions have not only enhanced the financial performance of our clients but have also strengthened our firm’s reputation as a leader in the consulting industry. His dedication to fostering long-term relationships and his ability to deliver consistent, high-quality results have been key factors in our ongoing success.
A lot of value packed In this video. Having discovered you today the joy is in the discovery and the transformation at the transaction. If you can master the implementation 💎👌
issue with presale. you actually need money to build a successful kickstarter campaign. you can use that to do a moq. or do a mockup and fake to run traffic. then refund if roas are good
im pretty good at business. You making a very good video. Its seems intense but so basic as all business people think the same its logical but needs teaching to those who have sometimes dont get the way alot of this is not taught anywhere so they need the basics. Top job my friend
im in pharm by the way its in demand overpriced and generics make 600% to 1000% profit. Its not for everyone but im helping alot of people and getting the life i wanted. I was into alot of other things all successful but i found this industry is profit and flex i need in my life. Im asleep i made 50k oh thanks. Im not in the office for 6 years just a laptop is enough u can be anywhere in the world. Life freedom money. Even Elon dont have that after year 1.
Norman Vitalii's innovative solutions and unmatched market expertise have had a transformative impact on our financial strategy. Their insights have not only driven profitability but also positioned us for sustainable growth and success in our industry. We highly recommend Norman Vitalii for their unparalleled ability to deliver results and drive business excellence.
Mannnn. Thanks a lot Dan. I listened to a podcast you did with Matt Gray couple months ago, and oh boy that lit a fire under my bottom. You're a God sent and we can tell you obeyed your God calling. Thanks again Dan. P.S. Taylor A Welch spoke very highly of you in one of his podcast with Ryan Pineda. Specially about those muscles😂
At 44 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I’m forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be paid off next month! 🥳 It’s never too late to start saving like there’s no tomorrow, and I’m really REALLY excited and motivated. Oh and TODAY, fyi my emergency fund is also a done deal! by BsnsFunding lol, I didn’t make it myself.
What he means essentially by producticed services is finding ways to sell your services as a bundle that people can shop for and pay you off at once. For example, a cleaning company could productize their services by having pricing packages on their website that customers can then choose from and pay upfront for the package they wish to buy with as minimal human interaction as possible. Think of it as turning your service-based business into an e-commerce business. In the case of an e-commerce company people log into your website and shop for your products without needing to contact you directly. That should be the goal when you want to productise your services. Endeavor to have a pricing plan, or where that is not possible, institute a system where clients can provide adequate information about what they need cleaned and then you can reply with your pricing. Try to automate this process as possible so that you can service as many clients as you can possibly take. As for recurring income, what he's trying to say is that when starting out you should try to get involved in businesses that inherently have repeat customers. For instance, you definitely need to clear your garbage more than once ever, then you would be a repeat customer to a garbage company, naturally because you would always need them to help you clear your stuff at intervals and so they're making recurring revenue from you as a customer. Rental businesses too are good businesses that have recurring income because a single customer might need to rent your culinary utensils more than once in his lifetime.
Anything over 20% margins in a restaurant biz is unheard of. Cost of food is so high, good quality food restaurants are gonna become a thing of the past. It’s impossible to make money unless you sell junk.
Norman Vitalii's support has been crucial to our success. Their proactive approach and commitment to delivering tangible results have had a significant impact on our profitability and operational efficiency. We are highly impressed with Norman Vitalii's consulting services and consider them an indispensable partner in our journey towards financial excellence.
Norman Vitalii has played a pivotal role in our company's growth and profitability. Their strategic guidance and deep understanding of financial markets have enabled us to navigate challenges and seize opportunities effectively. We highly recommend Norman Vitalii for their expertise and commitment to achieving exceptional business outcomes.
I understand this might come across as random, but for people holding back from starting a business because of the LLC setup, Nexalic made the process simple to hire professionals who take care of it. Sharing in case it helps someone move forward. Like if you're ready to grow, and best of luck!
Software business (SaaS) are the way to go nowadays, imo. It comes with an investment upfront. However, when you do this step by step (MVP, valididate in the market, make the first sales, etc.) it can be bootstrapped or you can find an investor to support you.
too late everything is saturated and anyone giving out secrets is full of BS. Nobody will reveal a source of income if the business is making money. They'll guard it with their life.
Unfortunately, the world isn’t as it is, it’s as YOU are. This will always be your reality. Not mine. YT is how I learn to code and build companies. So obviously disagree. No market is so saturated that someone willing to dedicate themselves can’t win. It’s just that most won’t. They’ll give up.
Hello hi my name Omar Ahmad I would love have you as a coach soon and I’m Canadian American and lived there for 13-16 years and grew up there and phenomenal video ❤😂🎉😊
Dan, what is your investment strategy for early stage deeptech products? Do you neglect them before commercialization? Did you ever invested in product companies before revenue? Thanks.
I don't know which business to start for 8 year, i had a highly successful staffing agency in toronto canada, which dealt with manufacturing, but this is a dying industry, and i want to dedicate myself to something big. Can you tell me what business in what niche to start, I made a multi million dollar exit and don't want to reeneter the same market due to various reasons.
I’m trying to get out of the trucking business. I’m looking to sell both my trailers and 1 truck and should have $100k. I need to know what to invest in
Norman Vitalii's financial strategies are second to none. Their proactive approach and dedication to delivering exceptional results have made a substantial impact on our financial performance and overall business strategy. We are impressed with Norman Vitalii's ability to tailor solutions that meet our unique needs and drive growth.
We have been highly impressed with Norman Vitalii's consulting services. Their depth of knowledge and commitment to client success are evident in every interaction. With Norman Vitalii's guidance, we have implemented strategies that have driven profitability and positioned us for future growth. They are our go-to partner for financial excellence.
Those are the best businesses you can start in 2024!
Leave a comment, let me know your favourite:)
@danmartell - solid video
you buy a product for $1 and sell for $5 GP is 400%, not 80%
Can't wait to have you on the podcast one of these days - Incredible work Dan!
SAAS
Hey Dan. I am 45 and my core skill is people. I can talk to literally anyone and build trust/relationships. It’s what I do best and without trying to sound to cocky, I’m really good at it. How does one transfer a soft skill like that into an online business that can scale?
it's kinda crazy how nobody's talking about the banned book called The Rothschild Vault
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That'd be enough to create a portfolio that would pay you between $50k to $70k in dividend income
Just because there are opportunities in the market doesn't mean you should go in blindly. To understand the potential factors that contribute to your financial growth, l'il advise you to seek the help of a professional
I completely agree; I am over 40 years old, recently retired, and have approximately $1m in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!
@@maryHenokNftI actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
The decision on when to pick an Adviser is a very personal one. I take guidance from *Gertrude Margaret Quinto* to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
“Lucinda Margaret Crist” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.
It is remarkable how much long term
advantage people like us have gotten by trying to be consistently not stupid,
instead of trying to be very intelligent.
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
Many individuals report success in investing in stocks, forex, and cryptocurrency (Bitcoin), yet I continue to struggle. Can somebody help me out or advise me on what to do?
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
I manifested $4250 and $500 in one week without working for it. I did it once. Just once. lol. I wanna do it everyday
Investing and trading now will be the wisest thing to do especially with the current economic fluctuation and inflations.
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Gillian Sara sheeran is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Same here all thanks to Gillian Sara sheeran, she has always been there to guide me through with detailed analysis and recommendations that I wouldn't have access to otherwise.
Ma'am Gillian Sara sheeran is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*
Investing in many sources of income that are independent on government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.
It's really not easy investing or trading the financial market. I read a lot of books, tried to study, watch some tutorial videos, did a little demo before funding my account and I still lost a lot. The financial market could be very tricky
Yeah I have same issue also, sometimes I feel like the market is being manupulated
Trading under the guidance of an expert is the best strategy for beginners.
Yeah that's absolutely correct.
I'm curious, for someone with less than $80,000 to invest, how would you recommend we enter the market? I am open to study some traders and copy their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
Knowledgeable Investors know where and how to invest their money to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a fiduciary financial advisor to guide you, that’s what works for my wife and I. It's been 6 years now and we've grown our portfolio to $1m.
That is just amazing. I've attempted to employ a financial advisor by doing some research on my own, but it's somewhat daunting. Would you kindly refer the people you work with?
"Amber Michelle Smith" has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
1. Product business is one option, with emphasis on pre-selling, direct-to-consumer approach, and investing in building a brand.
2. Agency or service business is another viable option, focusing on identifying strong market pain, productizing services, emphasizing recurring revenue, and scaling with systems.
3. Coaching business, including consulting and online training, offers high margins (70-80%), with an emphasis on selling expertise, educational-based marketing, and building a community.
4. Software business boasts the highest gross margins (80-90%), emphasizing the importance of a sticky product, targeting boring industries, optimizing first-time user experience, and prioritizing customer retention for long-term success.
You got it;)
Wym software business
I've been in the software business for over 30 years and while creating and selling software is a great business model, the support costs should not be left out. No software is ever finished and will always require support.
I'm in my 50s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. hence I will suggest you get yourself a financial-Advisor that can provide you with entry and exit points on best stocks to buy now or put on a watchlist.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances
Walter James Henry is the licensed fiduciary I use.
He's mostly on Telegrams, using the user name
Hey I want to start investing but don't know where to begin. Any advice or contacts for help?
Talking to a experts like Nancy Hall to reshape your portfolio is a smart move.
True! I diversified my $25k portfolio across different markets.
I made a net profit of around $108k by investing in high dividend yield stocks, ETFs, and equity
The reality is, you cannot do it without a tried and true trader like Nancy
Nancy's unique strength lies in her realistic approach, which sets her apart from other brokers that often set unattainable targets and fall short in delivery.
We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Lots of value here 🙌
Wishing everyone reading this a happy and successful 2025 💪
Attempted an online grocery store and learned the margin lesson the hard way given the cost of onboarding a first time buyer and overall profit margins.
One of the most underrated business concepts. get it right and you’ll go far
@@danmartell
bootstrapping and stuck between slim margins against a shrinking ad budget
Success depends on the actions or steps you take to achieve it. 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.., I pray that anyone who reads this will be successful in life!!
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
Exactly ! That's my major concern and what lucrative investment can one venture into with the current rise in economic downturn
In fact, I had no prior experience or understanding when I began investing in 2020, but by the end of 2023, I had made a profit of almost $850k. All I had been doing was going by what my financial advisor had told me. This demonstrates that all you truly need is a professional to assist you; you don't even need to be a great investor or put in a lot of work.
@@ThomasChai05who is your advisor please, if you don't mind me asking?
*Izella Annette Anderson* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
finally someone talking about real businesses apart from what gurus are trying to sell, SMMA, dropshipping
You know it:)
Your dedication, enthusiasm, and insight are shown in your work. Keep on doing great works like this, and there’s no looking back for you! The way you gracefully pulled off the work - I am so proud of you. BsnsFunding , Thanks for going through all the hassle and making them worth it. Congrats and best wishes for a promising future.
Focusing on high margin industries and developing products or services that are in high demand and have low competition is key.
Yup👊
Is key but hard to find. Almost every vertical already has big players in them. If there are no big players, the vertical is probably not in high demand.
this was by far the most collective, informative mind blowing, got me thinking, simple enough to understand, with a dash of high value .........
DAN , I'M SO HAPPY I STUMBLED ONTO YOUR CHANNEL, I REALLY ENJOY YOUR BUSINESS TALKS, YOU'RE THE KIND OF HUMANS I NEED TO BE SORROUNDED BY , SO MUCH TO LEARN FROM.
Lovely video Dan, In order to maximize the growth of my $400k portfolio during the upcoming bull market, I am actively looking for new ways to invest and diversify it. Any suggestions?
I completely understand your concerns. Navigating the financial markets can be very challenging
What I would suggest you do is seek the proper guidance of a professional advisor that can manage your portfolios the right way
You’re right Jean. Since I made some huge loses early last year, I have been working with a seasoned professional advisor for the past eight months now, and it’s been an amazing experience both financially and psychologically
His full name is Kurt Bastian Vogel
He’s the licensed fiduciary I work with. Just look his names up on your search engines and you’ll get the necessary details you need to set up an appointment with him. Cheers!
A Friend told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. is this a good way to potentially grow my retirement savings to about $3M over time?
You need to create your own process, manage risk and stick to the plan, through thick or thin or you can just seek the help of a financial advisor.
The best course of action if you lack the knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the stock market and grow my portfolio to about 65%, I believe that is the most effective way to enter the business at the moment.
@georgeh Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@georgeh Please who is the consultant that assist you with your investmnt?
'Heather Lee Larioni' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
🎯 Key Takeaways for quick navigation:
00:00 *💼 Great businesses have high gross margins, ideally 70-90%.*
01:20 *🤖 For a successful product business, focus on pre-selling, direct-to-consumer sales, and building a strong brand.*
02:44 *🛡️ Agencies or service businesses thrive by addressing market pain, productising services, focusing on recurring revenue, and scaling with systems.*
05:47 *💼 Coaching or consulting businesses require selling expertise, sharing knowledge freely, and building a supportive community.*
08:33 *🤖 Successful software businesses prioritise building a sticky product, targeting boring industries, perfecting the first-time user experience, and emphasizing customer retention.*
Great stuff Dan. First Video I've seen from you. I like.
Fantastic original content, not copied like other YTers
They all make scripts via chat gpt and only face get changed
my dream is to be a coach! I always wanted to help people and change lives for the better! good video
Dang that...Commodore in Software segment brings back some great memories.
“The best businesses have good margins” 🔥🔥
Buffet is the best
LMAO. The best sweet things have sugar. Thank you very much. XD
I agree with you, man.
@@danmartellhow to start a agency modal (drops servicing)
This is a good video!! I love the breakdown ..easy to understand. This is a must video for anyone thinking about jumping into business ..Bravo Dan!
That was the goal:) glad you liked it
I also liked it!
The coaching was speaking to me. Giving free coaching forever so I’ve been working on my money mindset to be comfortable getting paid. It’s time. People are waiting to be radically transformed. Loved your interview with Tony Robbins talking about the Holy Grail of Investing. Wonderful!
Dan, we never met, but when I will hit my success, I will send you a check. Thanks, coach. Artem.
Hello friend, how are you? My name is Mazinho, I'm from Brazil and I'm looking for business ideas on the internet to make money! I would like to know business ideas that work in the USA so I can do it here in Brazi! Would you help me?
i love your way of giving informations, i'm subscribing just right now.
00:01 Start businesses with high gross margin and high dollar amount sales
01:26 Pre-sell for product validation, go direct to consumer, invest in brand
02:48 Focus on key factors for business scalability.
04:10 Start a recurring revenue service for ongoing income.
05:31 Becoming a successful coach requires mastering the art of selling your expertise.
06:51 Build audience through teaching and sharing knowledge.
08:21 Key points for successful software businesses
09:41 Focus on user activation and retention for successful software businesses
Crafted by Merlin AI.
🎯 Key Takeaways for quick navigation:
00:00 📈 *High gross margin is key in businesses; aim for 70-90%.*
01:48 💼 *Strategies for successful product businesses: pre-sell, go direct to consumer, invest in branding.*
02:30 🚀 *Agency or service businesses thrive by focusing on market pain, productizing services, securing recurring revenue, and scaling with systems.*
05:05 👩🏫 *Coaching or consulting businesses require expertise in selling, sharing strategies openly, building community, and offering ongoing support.*
07:51 💻 *Software businesses excel with sticky products, targeting boring industries, optimizing first-time user experience, and prioritizing customer retention.*
Made with HARPA AI
In 2024, tech-related businesses, sustainable ventures, and those catering to remote work trends seem promising.
That is the reason why I loved the last point, videos like this makes the effort to find the correct Bussiness worth
Yup:) doesn’t matter how hard you row if you’re in the wrong boat
tech is collapsing
This is absolute gold! Thanks Dan. A real insight into what a very sharp business mind focuses on, and then you lay it out so succinctly. Also for me, the third point in software about First Time User Experience really connected. For what it's worth, Leila Hormozi does a great video on the importance of getting customers to that activation point where they are hooked into the product, because the product is now doing what it was advertising it would do for the customer. You just give one of the best examples here.
Appreciate the kind words🙏 the hormozis are gems 💎
Every time I watch one of your videos, I learn something. Great video
Glad you enjoyed👊
Ty for advice
Absolutely, I completely agree! The service industry is appealing because it allows us to leverage our knowledge for top dollar. Thank you for the important reminder about the significance of high margins. Indeed, attempting to undercut competitors by lowering prices right from the start only serves to diminish margins.
I believe the smart approach is to actively engage in these industries while also strategically investing capital in the other high-margin opportunities mentioned. Thank you, Dan, for your insightful research and hard work.
Dan- great content. In the 60-70% of gross margin for the service business’s are you assuming service labor cost as expense or COGS?
thanks!
8:13-8:21..."as long as the Servers don't change that code will run the way it has forever"...wow. this is a dope video.
Yaar 4RA ke events toh sabse alag hi level ke hote hain, aur prizes bhi mast hote hain
Fantastic content
Question for you, or anyone. I am 45 and my core skill is people. I can talk to literally anyone and build trust/relationships. It’s what I do best. How does one transfer a soft skill like that into an online business that can scale?
Norman Vitalii’s expertise and strategic insights have been instrumental in driving the financial growth of our clients across various industries. His ability to analyze complex financial data and provide clear, actionable guidance has helped businesses achieve remarkable success. Norman’s deep understanding of market trends and industry dynamics allows him to develop innovative strategies that deliver tangible results. His commitment to excellence and his collaborative approach make him a valued partner to both our firm and our clients. Norman’s contributions have not only enhanced the financial performance of our clients but have also strengthened our firm’s reputation as a leader in the consulting industry. His dedication to fostering long-term relationships and his ability to deliver consistent, high-quality results have been key factors in our ongoing success.
Great info Dan, appreciate the details! 🔥
Putting my best stuff out there! Appreciate the kind words:)
Great video. Margin per unit is sooooo important. Great reminder
Appreciate it🙏 probably the most overlooked data point in business
Good analysis. Respect.
Great content and even greater production 👏🏼
Appreciate the comment🙏
Sharing my best stuff.
This video is pure gold ✨️
Thanks Dan for this great video!
A lot of value packed In this video. Having discovered you today the joy is in the discovery and the transformation at the transaction. If you can master the implementation 💎👌
issue with presale. you actually need money to build a successful kickstarter campaign. you can use that to do a moq. or do a mockup and fake to run traffic. then refund if roas are good
This is true!
Absolute GOLD!
Appreciate the kind words:)
im pretty good at business. You making a very good video. Its seems intense but so basic as all business people think the same its logical but needs teaching to those who have sometimes dont get the way alot of this is not taught anywhere so they need the basics. Top job my friend
im in pharm by the way its in demand overpriced and generics make 600% to 1000% profit. Its not for everyone but im helping alot of people and getting the life i wanted. I was into alot of other things all successful but i found this industry is profit and flex i need in my life. Im asleep i made 50k oh thanks. Im not in the office for 6 years just a laptop is enough u can be anywhere in the world. Life freedom money. Even Elon dont have that after year 1.
haan yaar maine bhi dekha bet lagaya West Indies pe aaj super excited
Excellent content!
Norman Vitalii's innovative solutions and unmatched market expertise have had a transformative impact on our financial strategy. Their insights have not only driven profitability but also positioned us for sustainable growth and success in our industry. We highly recommend Norman Vitalii for their unparalleled ability to deliver results and drive business excellence.
Mannnn. Thanks a lot Dan. I listened to a podcast you did with Matt Gray couple months ago, and oh boy that lit a fire under my bottom. You're a God sent and we can tell you obeyed your God calling. Thanks again Dan. P.S. Taylor A Welch spoke very highly of you in one of his podcast with Ryan Pineda. Specially about those muscles😂
Appreciate you! Matt’s awesome and so is Taylor🙏
Loving the live betting feature it's so thrilling to bet during the game anyone else tried it yet
How many people in society are great at what they do? Maybe 20%. The real juice is helping people to discover what they are great at and going all in.
thank you that was very help ful..
At 44 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I’m forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be paid off next month! 🥳 It’s never too late to start saving like there’s no tomorrow, and I’m really REALLY excited and motivated. Oh and TODAY, fyi my emergency fund is also a done deal! by BsnsFunding lol, I didn’t make it myself.
I didn't understand productize services and recurring revenue can anyone please explain me with example?
What he means essentially by producticed services is finding ways to sell your services as a bundle that people can shop for and pay you off at once. For example, a cleaning company could productize their services by having pricing packages on their website that customers can then choose from and pay upfront for the package they wish to buy with as minimal human interaction as possible. Think of it as turning your service-based business into an e-commerce business. In the case of an e-commerce company people log into your website and shop for your products without needing to contact you directly. That should be the goal when you want to productise your services. Endeavor to have a pricing plan, or where that is not possible, institute a system where clients can provide adequate information about what they need cleaned and then you can reply with your pricing. Try to automate this process as possible so that you can service as many clients as you can possibly take.
As for recurring income, what he's trying to say is that when starting out you should try to get involved in businesses that inherently have repeat customers. For instance, you definitely need to clear your garbage more than once ever, then you would be a repeat customer to a garbage company, naturally because you would always need them to help you clear your stuff at intervals and so they're making recurring revenue from you as a customer. Rental businesses too are good businesses that have recurring income because a single customer might need to rent your culinary utensils more than once in his lifetime.
Anything over 20% margins in a restaurant biz is unheard of. Cost of food is so high, good quality food restaurants are gonna become a thing of the past. It’s impossible to make money unless you sell junk.
The channel is finding the PMF! love this one Dan!
Appreciate you:)
Norman Vitalii's support has been crucial to our success. Their proactive approach and commitment to delivering tangible results have had a significant impact on our profitability and operational efficiency. We are highly impressed with Norman Vitalii's consulting services and consider them an indispensable partner in our journey towards financial excellence.
That was awesome. Thanks!
Norman Vitalii has played a pivotal role in our company's growth and profitability. Their strategic guidance and deep understanding of financial markets have enabled us to navigate challenges and seize opportunities effectively. We highly recommend Norman Vitalii for their expertise and commitment to achieving exceptional business outcomes.
Thanks for sharing such valuable information! ❤
Appreciate you!
Very useful content
Appreciate you👊
Great content! What do you use to create your video?
An incredible list.
Well done
Thx🙏 putting my best stuff out there
Finally Dan’s getting the credit with the video views
It’s been a grind💪
I understand this might come across as random, but for people holding back from starting a business because of the LLC setup, Nexalic made the process simple to hire professionals who take care of it. Sharing in case it helps someone move forward. Like if you're ready to grow, and best of luck!
Amazing advice and I’m Canadian American so I’m gen Z so absolutely this great
thank you ❤ feom bangladesh...
Software business (SaaS) are the way to go nowadays, imo. It comes with an investment upfront. However, when you do this step by step (MVP, valididate in the market, make the first sales, etc.) it can be bootstrapped or you can find an investor to support you.
too late everything is saturated and anyone giving out secrets is full of BS. Nobody will reveal a source of income if the business is making money. They'll guard it with their life.
Unfortunately, the world isn’t as it is, it’s as YOU are.
This will always be your reality. Not mine.
YT is how I learn to code and build companies. So obviously disagree.
No market is so saturated that someone willing to dedicate themselves can’t win.
It’s just that most won’t. They’ll give up.
Hello hi my name Omar Ahmad I would love have you as a coach soon and I’m Canadian American and lived there for 13-16 years and grew up there and phenomenal video ❤😂🎉😊
Dan, what is your investment strategy for early stage deeptech products? Do you neglect them before commercialization? Did you ever invested in product companies before revenue? Thanks.
Yes to both. Early stage investing is all about investing in the people.
I don't know which business to start for 8 year, i had a highly successful staffing agency in toronto canada, which dealt with manufacturing, but this is a dying industry, and i want to dedicate myself to something big. Can you tell me what business in what niche to start, I made a multi million dollar exit and don't want to reeneter the same market due to various reasons.
Everyone join, let's make May 17th a big day, tell your friends too! the more the merrier and better chances to win big at 4ra
Thanks very informative Great content 👍 👍👍👍
I’m trying to get out of the trucking business. I’m looking to sell both my trailers and 1 truck and should have $100k. I need to know what to invest in
Do you need SaaS design services?
This what happens when your UA-cam video publishing is outsourced.
Especially when that person or agency wants to churn your content asap.
Very Interesting THANKS looks great
Appreciate it!
Very well done video from a fellow Maritimer
Appreciate it!
The best ✅ business ideas 😉 💡
Norman Vitalii's financial strategies are second to none. Their proactive approach and dedication to delivering exceptional results have made a substantial impact on our financial performance and overall business strategy. We are impressed with Norman Vitalii's ability to tailor solutions that meet our unique needs and drive growth.
We have been highly impressed with Norman Vitalii's consulting services. Their depth of knowledge and commitment to client success are evident in every interaction. With Norman Vitalii's guidance, we have implemented strategies that have driven profitability and positioned us for future growth. They are our go-to partner for financial excellence.
Thanks for the video! My fave is ecommerce. Love from Australia. Cheers ❤
It’s one of my favourite to start with
If an Item costs $1 and you sell for $5, that's 400%.
80% would take $1 to $1.80....
awesome!
Great video thanks boss
Appreciate ya🙏
Fantastic post.
Love this !