Best Online Business To Start As A BEGINNER (2024)

Unlocking the New Arbitrage Economy The new arbitrage economy is changing the way people do business, allowing 20-year-olds to earn as much as doctors without previous work experience. This video reveals a four-step plug-and-play business model that requires virtually no startup capital and can generate significant income in weeks.

Insights from E-Man Gadget E-man Gadget shares his extensive online business experience and success, emphasizing the importance of focusing on one thing to succeed. He offers a step-by-step tutorial for the fourth step of the business model and provides live examples based on his own experiences.

The business model works well for three reasons: it's beginner-friendly, operates in a high-demand industry with limited supply, and takes advantage of the new arbitrage economy. Most people fail to start profitable online businesses because they choose non-beginner-friendly models like drop shipping or affiliate marketing without evaluating their suitability.

Before investing in a business, it's crucial to consider six key metrics: unitary gain, startup capital, profit margins, demand fulfillment, and deal type. Unitary gain measures the money made per transaction; startup capital is the initial investment required; profit margin reflects how much is kept from revenue; demand indicates market interest in your product or service; fulfillment involves delivering the purchased product/service efficiently.

Ideal Online Business Model The ideal online business model should have a high unitary gain, low startup capital, minimal fulfillment effort, and recurring payments. It needs to sell for at least $1500 with close to zero startup capital. The product should be in high demand and easy to fulfill while paying us recurrently every month.

Challenges of Common Online Business Models Affiliate marketing requires selling 40-200 units monthly with significant investment in ads; Amazon FBA involves investing in stock without guarantee of sales; Drop shipping demands heavy spending on ads for finding winning products; Info products need time-consuming product delivery and substantial investment in ads testing software.

The Perfect Online Business Model A service-based business model with recurring monthly payments ranging from $1500 to $10,000 is the ideal online business. The startup capital required is minimal, and profit margins can be as high as 97%. Businesses are transitioning online due to recent global events, creating a demand for selling services. Small businesses are willing to pay top dollar for ROI marketing services in order to survive and thrive.

The New Arbitrage Economy Opportunity Business success lies in connecting consumers with products or solutions without owning them directly. This concept of 'contractor arbitrage' involves finding contractors who provide quality work at low cost. By offering ROI marketing services through this method, individuals can earn between $1500 and $10,000 per month per client without prior experience or skills.

Learn how to start a profitable ROI marketing agency using the four-step plug-and-play system. The steps include setup, pick, arbitrate, and reach out. By executing this process correctly, you can acquire three to four new clients per month at $2,000 each.

The first step is to choose a name for your agency, and it's important not to overthink it. You don't need a website initially; just buy the domain for your agency's name and set up a business email. This creates a professional image when reaching out to clients.

The key to success in getting clients is choosing a niche where businesses make at least ten thousand dollars a month. Niches with high revenue numbers and average order value are ideal, such as real estate agents, solar panel companies, e-commerce brands, law firms, and pool installation services. It's important to understand the mechanics of your chosen niche in order to build trust with potential clients.

Contractor Arbitrage: A Smarter Business Model Big scale agencies operate on a simple business model of paying employees $15 an hour and charging clients $50 an hour, pocketing the difference. We'll hire experienced contractors on a per-service basis to avoid risks like fixed payroll and long contracts. This contractor arbitrage allows us to pay contractors only after we've been paid by clients, avoiding cash flow issues.

Finding Contractors Online Hiring experienced contractors from countries like South Africa, New Zealand, Peru, Colombia is cheaper than hiring marketing graduates in the US. Students usually structure deals with contractors by paying them $250-$1000 per month per client and charging clients anywhere from $1500-$10,000 per month. Finding potential contractors online can be done through platforms like LinkedIn or Facebook groups related to your service topic.

Reaching Out to Potential Clients The fourth and last step is reaching out to potential clients, where 80% of your time should be spent. There are several ways to do outreach such as cold calling, cold email, video audits, LinkedIn outreach, and Instagram outreach. Sending video audits has been a successful strategy for getting initial clients. The key is not being afraid of charging what you're worth based on the value you provide.

Challenges and Opportunities in Online Marketing Services There's unprecedented demand for online marketing services due to the quarantine impact with insufficient people available to fulfill this demand. Early adopters can take advantage of the new arbitrage economy by using beginner-friendly strategies like contractor arbitrage.

The video discusses how to achieve results like the success stories presented. The first option is to figure it out on your own, but this may take a long time and be more expensive in the long run. The second option is joining Agency Navigator, a program that guides you from zero to $10,000 per month with an agency.

Phase 1 is the foundation of the program, focusing on setting up your agency structure step by step to get your business running quickly.

Choosing a name, setting up an email, choosing your nation service and more. Mindset is the difference between those who scale to six figures and those who never seem to make it. This phase reveals what it really takes to achieve success.

In phase three, students learn about setting up their agency for success with corporate structures, taxes, accounting, pricing services based on niche. The program provides insights into client communication and real-life examples of successful implementation.

Phase 4 focuses on finding leads and setting meetings with potential clients through strategies like cold email, cold calling, Instagram outreach, and LinkedIn.

Learn how to close clients for $1500 to $10,000 in marketing services. Gain access to real-life examples and an updated sales script that has generated over a million dollars in agency sales.

Phase 6, the largest and most in-depth phase of Agency Navigator, focuses on service delivery. It equips individuals to become advanced practitioners in delivering marketing services for clients by providing comprehensive training on Facebook ads, funnels, copyrighting, ad creatives, and tracking.

Learn how to set yourself apart and become a one percent agency by stealing tricks and strategies from the speaker's marketing agency. Find the best contractors, maximize revenue and profit, refine your business model, and achieve passive income like Jamila.

Provides ready-to-use templates for website design, contracts, sales scripts, ad examples, and client onboarding. Also offers tools to track revenue and expenses as well as a private mastermind community for networking and support.

The client tier system consists of three tiers: fish, shark, and whale. Fish clients pay $1000 to $3000 per month and are the entry level. Shark clients pay $3000 to $8000 per month and can allow you to quit your job. Whale clients pay over $8000 a month and can bring in significant revenue.

Many people fail in online education programs because they have unanswered questions and no expert advice, leading to frustration and giving up. To address this issue, a weekly live Q&A call with dedicated coaches has been created at Gradiency to provide expert answers and guidance.

Pricing Strategy for Agency Navigator The program was initially priced at $3,500 but is now available for only $1,499. It will soon transition to a yearly subscription model with a fee of $1,499 per year. The decision to lower the price and offer lifetime access is motivated by the desire to make it accessible to new agency owners.

Seizing Opportunities in 2022 2022 presents an unprecedented opportunity for starting an online ROI marketing agency due to high demand from businesses. Delaying action means missing out on four-figure monthly commissions that are already included in business budgets for this year. The choice lies between taking action and reaping rewards or watching others succeed.