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Best Online Business To Start As A BEGINNER (2024)

Iman Gadzhi2022-02-08
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8M views|2 years ago
💫 Short Summary

The video discusses the new arbitrage economy and a business model that allows beginners to start a service-based business with high potential for profit. This model involves selling ROI marketing services to local businesses and outsourcing the service fulfillment. The speaker outlines a four-step process to start an agency business and emphasizes the importance of choosing a niche and service that the entrepreneur understands. The key to success is to offer an ROI service that can be tracked and that provides clear value to the client.This portion of the video discusses how to find contractors for an online marketing agency, the importance of outreach, and a plug-and-play business model. It also promotes the 'Agency Navigator' program as a comprehensive solution for starting a marketing agency.

✨ Highlights
📊 Transcript
The new arbitrage economy allows people to start a business with no startup capital.
00:00
20 year olds are taking advantage of the new arbitrage economy to earn as much as doctors without previous work experience.
The results shown are of other regular people using the beginner-friendly business model.
The model has helped people achieve a six-figure year run rate with no prior experience.
The speaker evaluates six metrics to judge the most common online business models.
04:18
Affiliate marketing requires selling 40 to 200 units per month to make $10,000, with a startup capital of $1,000 to $5,000.
Amazon FBA has similar challenges with the number of sales required and the need to invest in stock.
Dropshipping eliminates the stock issue but requires a lot of capital for ads.
Info products have the challenge of time investment and ad testing costs.
The ideal beginner-friendly business model is a service-based business with high demand and low startup costs.
08:11
Requires just a handful of sales to make $10,000 a month
Startup capital is as close to zero as possible
High margins and high demand for the service
Fulfillment is easy and the deal type is a recurring subscription
The video presents a four-step process to start an agency business and make $10,000 a month in the next 90 days.
13:11
Step 1: Set up the agency by choosing a name, buying a domain, and setting up a business email.
Step 2: Pick a niche and a service that has high average order value and that you understand.
Step 3: Arbitrate by hiring contractors to fulfill the services on a per service basis.
Step 4: Reach out to potential clients using a plug-and-play system to streamline the process.
The speaker discusses how to hire contractors to fulfill services for the agency on a per-service basis.
18:49
Clients pay at the beginning of the month and contractors are paid at the end after delivering the services.
Hiring experienced contractors from various countries is cheaper than hiring a graduate with basic experience.
The students usually pay contractors $250 to $1000 per month per client.
The speaker introduces the concept of 'contractor arbitrage' in the online marketing agency model.
00:01
Contractor arbitrage involves hiring overseas contractors at lower rates to fulfill services for clients.
This allows agency owners to focus on client acquisition and outsourcing the service delivery.
The model is beginner-friendly and has allowed people to make significant income from their homes.
The video discusses the importance of outreach in building an online marketing agency and suggests various outreach strategies.
05:14
Outreach is a crucial aspect of building an online marketing agency.
The video suggests strategies such as cold calling, cold emailing, video audits, LinkedIn outreach, and Instagram outreach.
The speaker mentions sending over 2,000 video audits and provides a step-by-step formula for effective outreach.
The section details the comprehensive training program 'Agency Navigator' that covers all aspects of building a marketing agency.
10:28
Agency Navigator is a 40-hour step-by-step training program covering all aspects of building a marketing agency.
The program includes phases for setting up the agency's structure, focusing on mindset, and implementing systems and processes.
It also covers lead generation, sales, service delivery, and operational strategies.
Template contracts, agreements, and sales scripts are included in the program.
The speaker emphasizes the value of expert advice and guidance in achieving success and introduces the Agency Navigator program as a solution.
15:42
Having expert advice and guidance is crucial for success.
The Agency Navigator program is designed to provide the necessary support and guidance for building a successful marketing agency.
The program includes templates, tools, and a private mastermind community to further support the members.
The speaker highlights the investment and development of a custom platform for the program.
The section discusses finding contractors online, particularly in Facebook groups, and the potential to make a significant income through the online marketing agency model.
20:15
Finding contractors online, especially in Facebook groups related to the service offering.
The video emphasizes the potential to make a significant income, ranging from $1,500 to $10,000 per month, through the online marketing agency model.
Two options are presented for viewers to achieve similar results: figuring it out by themselves or joining the Agency Navigator program.
The program is described as the best success stories in the industry and has helped complete beginners create their own marketing agency from scratch.
The speaker promotes the 'Agency Navigator' program as a comprehensive solution for building a successful marketing agency and emphasizes the value of joining the program.
25:23
Two options are presented for viewers to achieve similar results: figuring it out by themselves or joining the Agency Navigator program.
The program is described as the best success stories in the industry and has helped complete beginners create their own marketing agency from scratch.
The program includes over 40 hours of step-by-step training, templates for agency setup, and a private mastermind community.
Ready-to-use templates for agency setup, including website templates, contracts, and agreements, are also provided as part of the program.
The speaker highlights the investment and development of a custom platform for the program.
The video promotes the 'Agency Navigator' program for starting an online marketing agency and offers a discounted price for enrollment.
30:30
The program was initially set to sell at $3,500 but is currently available for $1,499.
The program will be moved to a yearly subscription model in the future.
The speaker mentions investing over seven figures in research and development to build a custom platform for the program.
The speaker offers a discount on the 'Agency Navigator' program, making it accessible to beginners, and explains the decision to move to a yearly subscription model in the future.
35:13
The program was first set to sell at 3,500 but is now available for 1,499.
The program will be moved to a yearly subscription model in the future.
The speaker mentions investing over seven figures in research and development to build a custom platform for the program.
💫 FAQs about This YouTube Video

1. What is the new arbitrage economy and how are people taking advantage of it?

The new arbitrage economy allows people to start a business with virtually no startup capital and get paid as much as a doctor. 20 year olds are taking advantage of it by creating an online business model that has helped others to achieve significant financial results.

2. How does the video suggest evaluating the beginner-friendliness of online business models?

The video suggests evaluating the beginner-friendliness of online business models based on six metrics: unitary gain, startup capital, profit margins, demand, fulfillment, and deal type.

3. What is the ideal beginner-friendly business model according to the video?

The ideal beginner-friendly business model, according to the video, is a service-based business with high demand and low startup costs, that allows for recurring monthly payments.

4. How does the video propose starting an agency business and making $10,000 a month in the next 90 days?

The video proposes a four-step process to start an agency business, which includes choosing a niche, picking an ROI service, arbitrating by hiring contractors, and reaching out to potential clients.

5. What are the key factors in choosing a niche and a service for an agency business?

The key factors in choosing a niche and a service for an agency business are the client's existing monthly revenue and the understanding of the mechanics of the niche.

6. What is the 'Agency Navigator' program and how can it help in starting a marketing agency?

The 'Agency Navigator' program is a comprehensive system with over 40 hours of training that covers every aspect of building a marketing agency from scratch. It provides step-by-step guidance, templates, strategies, and tools for finding leads, selling, client onboarding, and more. This program is designed to help beginners achieve success in starting their own marketing agencies.

7. Why is the online marketing agency model considered beginner-friendly?

The online marketing agency model is beginner-friendly because it allows people to start and scale their own marketing agencies without prior experience in marketing or business. By leveraging contractor arbitrage and focusing on client acquisition, individuals can make significant income from third world countries or the comfort of their own homes.

8. What are the key elements in the process of starting an online marketing agency?

The key elements in starting an online marketing agency are finding a niche, choosing a service to offer, leveraging contractor arbitrage to fulfill services, reaching out to potential clients, and delivering value through effective service offerings. This process, when done strategically, can lead to substantial monthly revenues for the agency.

9. How important is outreach in the online marketing agency model?

Outreach is a critical aspect of the online marketing agency model, where 80% of the time should be spent on reaching out to potential clients. The video discusses various outreach strategies such as cold calling, cold emailing, video audits, LinkedIn outreach, and Instagram outreach. Effective outreach is key to acquiring clients and generating income for the agency.

10. What support and resources are available through the 'Agency Navigator' program?

The 'Agency Navigator' program provides comprehensive support and resources for those looking to start their own marketing agency. It includes templates, tools, and a private mastermind community to help members build and grow their agencies successfully. Additionally, weekly live Q&A calls with dedicated coaches are available to answer any questions and provide further guidance.