small business ideas for beginners low cost low ri with timestamps YoutubeScribe.com

[0:00] Today we're going to talk about 5 small business
ideas for beginners that are cheap to start and
[0:05] come with virtually no risk but your time.
[0:08] The first small business idea
is what I call "SaaSaaS."
[0:12] You might have heard of SaaS, which
stands for Software as a Service.
[0:16] And this is usually web-based software that
companies create and license out to users.
[0:21] For example, Mailchimp, Hubspot,
and Ahrefs are all SaaS companies.
[0:27] Now, SaaSaaS stands for "Software
as a Service … as a Service."
[0:32] And this is when you become a master of
a SaaS product and sell services based
[0:37] around that tool.
[0:39] For example, if you know how to do bookkeeping,
you might specialize in a software like Xero.
[0:45] You could offer daily bookkeeping services,
migrations from other tools like Quickbooks
[0:51] to Xero, or provide end of
the year tax prep with Xero.
[0:55] Or let's say you have experience using
ConvertKit's email marketing platform.
[0:59] You could offer email migration services
from tools like Mailchimp to ConvertKit.
[1:04] You could also offer marketing automations
and funnel services for users.
[1:09] Now, the great thing about SaaSaaS is
that marketing yourself is actually quite
[1:13] easy when you're just starting out.
[1:16] First, check if the company has a directory
of power users or certified users and apply
[1:21] to be included.
[1:23] For example, Xero has this handy
page to connect bookkeepers or
[1:26] accountants with their customers.
[1:29] Another place that's worth signing
up to find new business is Upwork.
[1:34] Upwork is a freelance network and it's the place
where I found my Xero bookkeeper and many
[1:39] other software specialists.
[1:41] These two networks alone are enough to help
you start and grow your SaaSaaS small business.
[1:46] Do a great job for these people and over
time, you'll likely build a steady stream
[1:51] of referral business too.
[1:53] Alright the next small business idea is to
start a niche drone videography business.
[1:59] I'll use a niche golf course drone
videographer for my example.
[2:02] This is what a golf course
flyover with a drone looks like.
[2:06] And while it may look beautifully cinematic,
it doesn't take a ton of skill to create footage
[2:11] like this.
[2:13] Now, there are three huge advantages to
starting a drone videography business.
[2:17] #1. It doesn't cost very much to start.
[2:20] #2. It's very easy to get halfway decent at basic
drone videography like flying over a golf hole.
[2:28] And #3. People typically charge
quite a lot for this service.
[2:32] In fact, this company charges $400 for a course
flyover, this one charges $1,500 and this one,
[2:40] a whopping four grand.
[2:42] Now, there aren't exactly a ton of people
looking for golf course videographers
[2:46] because it's a pretty niche service for a very
niche audience - owners of golf courses.
[2:52] So the way I'd go about starting this
business is with a validation experiment.
[2:57] To get started, search for golf courses
in your area and visit their websites.
[3:01] And what you'll want to look for are course
overviews which generally provide a description
[3:06] of each hole on their course.
[3:08] So for this course, they have a background
image of the hole and a short text description
[3:12] of the hole.
[3:13] But this isn't really that helpful to golfers
compared to hole-by-hole flyovers, since
[3:19] they'd actually be able to see exactly
how the hole is meant to be played.
[3:23] So using this pitch angle, you can
contact the different golf courses
[3:27] and offer your services.
[3:29] Do this for as many golf courses as you
can to gauge interest, buy your drone,
[3:33] get an hour or two of flying experience in
and you'll be able to do a halfway decent
[3:38] job at golf hole drone videography.
[3:41] Now, after you've validated the idea, you can
consider offering your services to more courses
[3:46] or explore other areas of drone videography.
[3:49] Alright, the next small business idea
is to become a voiceover actor.
[3:54] Now, I'm not talking about Hollywood
or radio level broadcasting.
[3:57] I'm talking about doing voice overs for budget
ads, commercials, screencasts or whatever.
[4:04] Now, the reason why I think this is
such a great business idea is two fold.
[4:08] #1. Pretty much anyone can do it;
[4:11] and #2. It can pay really well in terms
of your time to earnings ratio.
[4:16] In fact, according to voices.com, a voice over
job of around 300 words, or around 0-2 recorded
[4:23] minutes would typically cost $100 - $499.
[4:29] To put that into perspective, it takes me
around 5 - 10 minutes to record and edit
[4:34] a two-minute audio recording.
[4:36] Now, there are two places you can
look to when you're just getting started.
[4:40] The first is Upwork.
[4:42] On Upwork, you can search for jobs
and apply for ones where you might
[4:45] be a good fit.
[4:47] And of course, you should have some samples
ahead of time because no one's going to hire
[4:52] a voice actor without hearing their voice.
[4:55] Now, that doesn't mean you need to
go and find work before you can start.
[4:58] Just record some sample scripts to start
your portfolio or even a short introduction
[5:03] about yourself.
[5:04] Now, the second place I'd look to is Fiverr.
[5:07] And I like the idea of using it alongside
Upwork because instead of applying for
[5:12] jobs, you post ads about services and
have full control over your pricing.
[5:17] For example, this person is offering a voiceover
in a British or American accent for $10.
[5:24] And while that might sound low, if you
increase the word count of the script,
[5:28] you'll see it goes up by another $5.
[5:31] Continue with the checkout process and you'll
see even more options to upgrade your order.
[5:36] And to give you an idea of earnings potential,
this person has done nearly 30,000 orders on
[5:41] Fiverr alone.
[5:43] Alright, the next small business idea is
to become a freelance content writer.
[5:47] Now, there are already a ton
of freelance content writers.
[5:50] Some of these people go on to make six
and even seven figures per year, while
[5:54] others struggle just to make ends meet.
[5:57] So that begs the question: how do you build
a freelance content writing business that puts
[6:02] you in the first group?
[6:03] The oversimplified answer is
to become a niche expert.
[6:08] Let me illustrate using this Venn diagram.
[6:10] On one side, you have expertise
and on the other you have interest.
[6:15] So for me, I love golf, but I'm pretty
terrible at it if we're being honest.
[6:21] So that topic would fall around
here on the Venn diagram.
[6:25] Now, I have quite an extensive background in 
consumer products, specifically in consumer
[6:29] tech products, but I don't really enjoy
keeping up with the trends or the latest news.
[6:35] So that would fall on the other
extreme of this diagram.
[6:38] Ideally, you want to find a happy medium.
[6:41] So for me, that would be SEO and digital marketing
which I'm both knowledgeable and interested in.
[6:47] Now, this only covers one component of becoming
a "niche expert" in a content writing business.
[6:53] The other area you should consider niching
down in is the type of content you'll specialize in.
[6:58] So will that be blog writing, conversion 
copywriting writing scripts for YouTube
[7:02] videos, Twitter threads, or something else?
[7:06] Whichever you choose is entirely up to you
but I recommend focusing on just one and
[7:12] only branching out if necessary.
[7:15] Now, just like any other service-based
business, you'll need to get clients.
[7:19] And the easiest way to get started is
to apply for jobs on freelance networks
[7:23] like Upwork and writing job
boards like Problogger jobs.
[7:27] And while business may not exactly be
"booming" when you're getting started,
[7:32] it's a good way to get your foot in the door
and to start building a portfolio of your work.
[7:37] This will help you justify your rates so you
can charge more and to attract more clients.
[7:42] Alright the next small business idea
is to create a niche affiliate website.
[7:46] If you're new to affiliate marketing, it's
where you promote another company's
[7:50] products or services in exchange for
a commission when you refer a sale.
[7:54] Now, the great thing about this business model
is that it's about the lowest risk, lowest cost
[8:00] online business idea you can start today.
[8:02] On top of that, the growth potential
on niche affiliate sites is quite high.
[8:07] In fact, some affiliate marketers make
six and even seven figures per month!
[8:13] Now, the thing with affiliate marketing
is that you don't go from 0 to six figures
[8:17] per month with the snap of a finger.
[8:19] You'll need to start by learning the basics
of affiliate marketing, site building, and
[8:23] traffic generation.
[8:25] And we have a full beginner's tutorial that'll
give you a high level overview of how you
[8:29] can get started with affiliate marketing
so I'll link that up in the description.
[8:33] Now, none of these business ideas will
likely be the next trillion dollar business.
[8:38] But they all have potential to replace
average and even above average salaries.
[8:43] And I know this because I've actually built
businesses from four of these five small
[8:48] business ideas, and a friend of mine
actually became a drone videographer.
[8:53] And everything I've shared with you today
is more or less the way we got started.
[8:58] So rather than trying to reinvent the wheel,
find a super-unique business idea, or create
[9:03] the perfect business plan, just go out
and actually try an idea for yourself.
[9:08] They're all low-investment and low-risk
opportunities ripe for the taking.
[9:13] I'll see you in the next tutorial.

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