What Type Of Business Should I Start?

I’m working on  a fun challenge and I could use your help.

I do a LOT of blabbing on this blog about starting a business based on my past experiences. But I think a good leader should also be able to walk the walk and lead by example.

That’s why over the next few days, I’m going to start a brand new business…completely from scratch — and show you, step by step, exactly how I do it.

My goal is to make $1,000 profit in 7 days with as little initial investment as possible.

Why? Because I want to show you how easy it is to get something started with the right amount of focus — even if you have no idea what you’re doing, or don’t have any money to start.

Now, I want your suggestions: What type of business should I start?

Here are the rules…

  1. It can’t be something I’ve done before
  2. I cannot use the Tribe as leverage to sell to
  3. My initial budget for launching the business must be under $25
Leave a comment on below and tell me what type of business you think I should start :)

YOU GUYS BETTER COME UP WITH SOME GOOD IDEAS!

 

110 comments
Macy1029
Macy1029

I think if you hit several busy graduations at some of the many universities and community colleges you could make your target. A good resume would probably be around $75 so u just need to do about 12 or 13 in the week or 10 days. With some help from Sara (maybe typing) it's do-able.

Zach Grove
Zach Grove

Would be cool to see you build something random that you know nothing about. How about a jewelry business?

preneurpremier
preneurpremier

Make an app,. You know how they have agents for quotations, u make an app for resume agents. The app helpz you get agents help you draw a perfect resume and where to send it. It scans your qualifications. And finds you job posts to suit the job that best fit your resume. ;-)dope !!!

Benita
Benita

Hey Daniel,


I love that you're doing this and I'm pretty excited to see how it works out. Here are my ideas:


1. A greeting card business targeting men. Not the typical mushy stuff. Maybe make it a package deal with some kind of product that relates to the topic of the card. (This didn't seem like such a great idea after I actually typed it but I'm posting it anyway.)


2. Grocery ordering and delivery business


3. Singing telegrams? Can you sing? If not, you can hire singers! You can get paid to surprise people on their birthday or anniversary with a nice little serenade and maybe flowers, candy, etc.


That's all I got. If you can take one of those and make $1000 in 7 days, then I will absolutely no excuse for not starting a business.

David
David

This would help me big time~! To see something like this actually take shape.. man, I can't wait.

Macy1029
Macy1029

Hey Daniel

I was going to post my third idea for a business but it's a no-go. I was going to suggest being a business consultant with a niche in new business but heck that's what you do now!! DUH!! So I will go back to the old drawing board. I must have been asleep when I thought of that one. 

Pavinder
Pavinder

Thank you Daniel.  This is an awesome challenge you're setting yourself, really putting it out there in front of everyone and risking failure.

I find it totally inspiring.

But yeah, as others have suggested, I hope you make it in an area/product you don't know much about. 

Anything about teaching or selling success and marketing-related material is your already-proven field of expertise.

Hoping you steer clear of these as it could invite comments that you took the easy way out.  The further away from these you go, the more inspiring your example will be for others.


asafe001
asafe001

start buying and selling herbs.

NickStrongman
NickStrongman

Buy my business for $25 - promote it for 7 days and I'll buy it back off you for $1000

JulietAnnerino
JulietAnnerino

I have a question. Should this new biz be super-challenging or super-doable, Daniel?

humbirduk
humbirduk

Hi Daniel


1     Publishing  Do a joint venture with a Guru with a big list 

  2    Crowd funding for $ 1,000 to launch a Website   " Rubbish tip people " Help them recycle waste to increase their income .

  3   .Buy new tablets cheap on auction sites  & resell on Ebay 

  4    Obtain products on Public domain  ( nil cost ) sell to companies in Europe eg report " Latest health regs "

  5    Interview famous Guru  Sell disc free report on secrets of success  

  6    Find a high demand product on Clickbank.com & sell as an affiliate .

  7    Set up a free public talk eg " Billion dollar  ideas " Sell  backroom  related reports 


          Best    wishes on your project    Ian   amor 


Macy1029
Macy1029

Hey Daniel

As far as the resume business is concerned I would also find a recent book on form resumes to see what is expected now-a-days. Also grab a book on starting a resume business-I've seen them out there-probably a bit dated but the business concepts are the same. Get in touch with me for some more details.

2. My second idea for you is a motivational speaker: Your personality and energy level are well-suited and I think you could speak on any topic with just a little brushing up on the subject matter if it were unfamiliar to you. I don't know if you would want to self-promote or to initially work for a company that would do all the advertising and booking and paying for the sites. It has to be good money-i would expect you to profit more than $1,000 from your first gig. And when you get famous just dump the company and go on your own.

Not too bad for brevity. I will post my third idea in just a little while. Sorry but I find myself rather busy today.

Guest1986
Guest1986

A monthly subscription box like BirchBox or Trunk Club. You don't have to buy the items till you get orders

ShellyNajjar
ShellyNajjar

I like the previous comments of something really different from your experience, like art of some kind.

Also, a caution: if you decide to do a food business you will need to make sure you're compliant with the applicable food handling/preparation/labeling laws. It's doable with research, but it may take more than $25.

blackromancemovies
blackromancemovies

I like Davester227's idea.


Also, how about self-publishing a book on Kindle/Createspace and selling that? You could use your best blog posts as content.

Davester227
Davester227

Video Course on some of what you have covered before. "Cold Email Like a Boss". Course on how to cold email anyone to get a job, get clients, make sales, get funding, yada yada. Show people how to properly set up a funnel. Too many people focusing on tactics, not strategy.

Set up affiliate program. Make bank. Buy some cool kicks.

Rich20Something
Rich20Something moderator

@preneurpremier Good idea. qualifies for criteria 1, 2, and 3 — different from what I've done in the past, don't have to use the tribe, can be started for less that $25 (in theory)...


But can I complete it in 7 days, get it in the app store AND make $1,000 profit?

Rich20Something
Rich20Something moderator

@Benita I think the singing might actually LOSE $1,000 :)

Rich20Something
Rich20Something moderator

@Pavinder Agreed 100%. And as the leader of a tribe, my biggest asset is my list. So I won't be utilizing that. I'll show you what I'm doing, but no promotion, etc :) Any specific ideas for me?

Rich20Something
Rich20Something moderator

@JulietAnnerino Good question. I mean, I think the real goal is just to make money. So I should pick something that has the best chance of succeeding quickly. 

Rich20Something
Rich20Something moderator

@humbirduk Thanks for these, although trying to stay away from the internet marketing stuff!

Rich20Something
Rich20Something moderator

@Macy1029 I like the speaking idea — definitely very profitable, but may take more that 1 week to book and get paid. Also, it's kiiiinnnnda close to what I'm already doing here, don't you think?

JulietAnnerino
JulietAnnerino

@Guest1986 Hah! I thought this said "BitchBox" at first read! Silly me. Actually though, that's not a bad idea. For something. Like a place where people could go to vent, in lieu of embarking on killing sprees. Think of the potential lives saved...there could be categories like "Road Rage", "Kidz", "School" etc. the tagline could be..


BITCHBOX

"Let it go, man"


;)

Pavinder
Pavinder

@Davester227 This breaks rule #1 - any material Daniel has "covered before" is out, and much of what you mention (e.g. email funnels) is already elsewhere on this site.

However there are some great video courses on exactly the stuff you mention already available.  Not sure if it's cool to mention names here so I won't, but I'm sure you'll be able to find them within a couple minutes on Google.

Pavinder
Pavinder

@Rich20Something @Pavinder Sell artwork, or subscriptions to something related, or training in some way. 

I'd be interested to see how you go about finding something of real value for customers despite being a "non-artist" yourself.

It would help the tribe a lot. We could adapt the principles you use and apply them to ANY field we choose regardless of whether we feel we are expert or not.

Pavinder
Pavinder

@Rich20Something @Pavinder Yeah, a physical product related to a creative area in general (Photography, Art, Music, Film etc).

Basically I think anything based on a physical product or a generic topic area (a creative area rather than a "success/marketing" area) would be a good theme for such a short-term challenge.

Of course this might just be challenge #1 - maybe you could start a series.

Rich20Something
Rich20Something moderator

@Pavinder @Davester227 It does break the rule, but I like the idea.


There are courses out there about this stuff, but many of them leave things out. Does anybody else want something like this? Not for now, but maybe later.

ShellyNajjar
ShellyNajjar

@Rich20Something Thanks! And thanks for voting for me. I really appreciate it. One more step closer to a dream.
(I'm deciding it would be inappropriate for me to include a link here to let others decide if they want to vote, but if I'm wrong, please let me know.)

Davester227
Davester227

@Rich20Something @Pavinder @Davester227

Definitely. I think there a lot of people that know WHAT they want to do or sell but don't know HOW to sell. I think a course that ties together much of what you have covered as a strategy instead of a set of tactics would help a lot of people. Then, you can offer your special $4k-$5k 4-6 week mastermind in which you work with a group of about 12-15 people and you show them how to take it to the next level with strategies that you have never shared before. :)

Davester227
Davester227

@Rich20Something @Pavinder


"There are courses out there about this stuff, but many of them leave things out."

Agreed. 

I used to own Tax return prep stores. We used to build our stores as close to H&R Block as possibe. Why? We knew we could serve our clients better. Nobody has your unique perspective on things, and nobody can serve your tribe like you can.