My 20 Favorite Types Of Businesses

Photo credit goes to AMTA. I was in it.

I’ve been pitched a lot of “business opportunities” through this pandemic. And the pressure to buy is strong like my favorite bottle of Tequlia.

YouTube ads disturb my videos and present me with life changing opportunities all the time (some I watch others I skip).

Disclaimer: Any investment involves some risk. You may make more money, little or no money. It depends on several factors, like personality, education, effort, etc We are different people. If you see something on this list that interests you, go for it. But understand that everyone’s results are different.

I’m gonna find me another disclaimer somewhere lol. As I explore and come across more over the years I’m pretty sure this list will get bigger. Some may drop from #1 to #2.

I’ve had experiences in multiple types of businesses. Even got into some freelancing.

I Received My First Ever Upwork Assignment A Day After Signing Up. This Is How I Did It.

I Submitted 6 Proposals On Freelancer And Received 3 Offers Equaling $5000. This Is How I Did It

Why I Stopped Posting On Facebook

What being President/CEO Of Several Startups Taught Me

Like I tell people. I’m always looking to expand my income streams and looking for new strategies. Just because I’ve done businesses in these areas doesn’t mean I know it all or my strategies are the end all be all. I don’t even mention my college experiences anymore like my many of my peers do or emphasize building a resume. Or overly talk about what positions I’ve held in past organizations. Unless they ask, I don’t mention it, because no one cares about that shit for the most part lol.

I choose to be on a growth mindset and learn for life. I will never know everything and I’m cool with that.

If you look at my foodie posts on Instagram, I don’t care about being wrong on things and don’t get bend out of shape if things don’t go perfectly.

If you think you know everything, start a business and get humbled.

Some of my businesses have done really well, some have tanked. Some just made it, you know evened out-we made just enough to pay expenses and salaries , but not the crazy amount where we could buy yachts and all that shit. In some cases I did not trust my business partner, because they were in it just for the money and not wanting to add value.

This isn’t going to be in any particular order. I’ll have my bottom 10 and my top 10. My bottoms are my ehs. These are the children that still teaches me something. The tops are my favorites, the easier going children. They also teach me something, but based on my personally it comes more natural.

No business is get rich quick and they take time to work. Others may not work out and others do.

Some I may revisit and open another business in that area. Some I may find a whole new strategy and start a whole new business just to try it out.

I gotta be honest and say that network marketing/mlm isn’t a favorite aka I’m not a fan of AKA I RUN FOR THE HILLS. I don’t like the idea of buying a bunch of expensive products that I don’t use and trying to recruit other people.

I’ve been approached by:

• Amway
• Trunited
• Vemma
• Isagenix
• Worldventures
• Herbalife
• Rodan+Fields

But Alesha You Will Be So Good At It

Nah.

But the sports drinks are good

If I was coaching a bunch of kids for a team, I would think about it. Vemma’s drinks was one of the best tasting drinks I’ve ever had, but I wasn’t sold on buying into the business itself. I would love to get my hands on some more of those drinks.

You gotta invest in yourself.

Duh. Yeah I know that. There’s so many guru’s out here trying to sell you products, courses, opportunities that you gotta cut through the noise. I ask a lot of questions up front no matter “how good the opportunity sounds.” Sometimes that particular business model may not be a good fit due to a variety of reasons. Anytime someone tries to make a hard sell, I usually don’t buy it.

If they tell me I gotta buy it now, I’m out. I always do my research. If I really like it, I’ll come back and get it.

Some of my best “opportunities” came from an eBook where it only costs me a low one time fee, and it still makes me a monthly income. I usually don’t disclose how many income streams I have to the person on the other end of the call either, because I’m not there to brag about what I got or what I know, I want to add to what I already have. I also don’t want to hear them say “you can afford this easy” and they try to string me along to get a sell. Nope.

The sales pitches are strong and usually goes like:

You won’t find this anywhere else

If I got money for everytime I heard that, I would be a millionaire hundreds of times over.

I’ll be able to make you $500 in 24 hours.

If it sounds too good to be true, it usually is.

When you buy a course/start a business, for the most part you will not make money in 24 hours. It’s a way for them to make an “affiliate” profit, regardless if you do well in the business or not.

You just gotta find what floats your boat.

I try to invest in things that I like.

Fate

I love food, drinks, and eating so much. Don’t be surprised if you see a beverage brand/food brand/ from me. Or if I own a lot of franchises like Shaquille O Neal. That guy is a beast.

The List

Bottom #20

Stock Market

• Motley Fool (angels)

Forex Trading

I gotta be honest and say forex is still a foreign language to me. I put this at the bottom because it something I’m not the biggest fan of.

Amazon/Ebay

I don’t like Ebay anymore because they suspended me without no reason. Saving stationary is apparently a crime. Now I’m looking to Mercari, Ruby Art, Esty, Rakuten, eBid, Bonanza, etc. I’ll definitely do something with Amazon again. I just got something off Wish.

SEO

I did a business in this area and it’s not my favorite area.

Facebook Ads/YouTube Ads

Ecommerce

These next 4 as I was writing this I was thinking about putting in my top 10. They are still great options to look into.

Real Estate

I’m looking into a new program for it after going through a few others. I’m on the fence. I’m already into two already.

Digital Courses

Digital Nomad

I wrote an article a while back about this area. Being a digital nomad is not for everyone. You gotta be able to get your work done outside a normal office work environment. If you like a more structured work environment, this isn’t for you. Amongst other things.

Social Media Marketing Agency/Digital Marketing Agency

I started a business with a business partner and I didn’t fully trust him. He got mad that that I didnt make the money he wanted.

Doing it on my own has been great.

Startups

They are challenging but fun.

Apps

The only way I can connect to my distant past of being a tech major. I really don’t code like that as much, but html/java/c++ is like a whole new language.

*Podcast

I’ve been told multiple times to make my Medium articles podcast topics. Especially the popular articles.

*Public Speaking

Due to the pandemic, I decided to start a Vlog instead. Some public speakers make $5,000+ at each speaking engagement.

Top 10

Acting

Sure, you spend hours on set but I love being the character.

Youtube

I have several channels. I do notice a video on a newer channel getting some views.

Music

There’s so many ways to make money in music. Exploring all the ways is a chore lol.

Art

Selling art online is cool.

T-Shirt Business

If you have a shirt or two up and a nice following? And they are buying at $25, $30 a month woo wee? Imagine if you have 20 shirts selling for $30 each and you have 100s of people buying them monthly aka repeat customers?

Ebooks/Books/Writing

I love writing (obviously), so this one is as natural as day for me.

Gold

Due to inflation, paper money loses it’s value. And Gold is so pretty.

Angel Investing

I like startups, and some of best gold mines are founders early in their journey before they are worth a catrillion dollars lol. Sometimes they need funds to get started. Imagine if we would have caught Facebook, Lyft, Uber, Amazon etc before it blew up. The returns can be better than the returns you get in the stock market.

What’s the #1 on your list or your top 10?

Recommended Books

There’s so many “great books to read posts” on Medium that instead of creating a whole separate article, I’m gonna put them at the bottom of my articles.

Millionaire Next Door By Thomas J. Stanley

Takeaways

They investigate how people get wealthy and found those who drive luxurious cars and live in affluent neighborhoods often don’t have a large amount of wealth, because they spend it on status. They are usually in debt from keeping up with the Joneses. Wealth isn’t how much you can spend, but the assets you accumulate.- Jessica Lynn

• Wealth isn’t how much money you spend, but the assets you accumulate overtime.
• Most millionaires are new money-they didn’t inherit it.
• You don’t have to be smart to be rich.
• As the old quote says, don’t judge a book by it’s cover and don’t judge a person by the car they drive.
• If you live paycheck to paycheck you’re not rich. Being wealthy is financial independence.
• If you spend everything you earn, that’s not wealthy-that mean you are a slave to your things.

Millionaire Traits

• They live below their means aka they don’t spend all the money they earn.
• They drive normal cars. They don’t go overboard on the expensive tennis shoes. They don’t wear clothes that draw a lot of attention.
• They are good at recognizing opportunities and jumping on them.
• They don’t care about keeping up with the joneses. They care more about the freedom and independence wealth provides them.
• They have their own businesses/self employed
• They make their own investment choices.
• They have so much dough they don’t have to work for years. Some don’t have to work for the rest of their lives, and this leaves them time to participate in causes that mean a lot to them.

Have I seen people inherit money and become rich? Sometimes. Have I seen a few here and there get the Lamborghini? Of course. But the list above hits the target.

Think And Grow Rich By Napoleon Hill

Takeaways.

Duh. Reading this is a no brainer. (Jessica Lynn’s article also have some great suggestions in it, so read that when you get the chance)

Whatever the mind can conceive and believe, the mind can achieve.

Your greatest success will often come just one step beyond the point at which defeat had overtaken you.

When riches begin to come, they come so quickly, in such great abundance, that one wonders where they came from.

Set your mind on a definite goal and observe how quickly the world stands aside to let you pass.

Wishing will not bring riches. But desiring riches with a state of mind that becomes an obsession.

When defeat comes, accept it as a signal that your plans are not sound, rework your plans, and keep trying toward your goal.

“One of the most common causes of failure is the habit of quitting when one is overtaken by temporary defeat.

You are the master of your destiny.

“An intangible impulse of thought can be “transmuted” into its physical counterpart.”

The starting point of all achievement is desire.

“A burning desire to be and to do is the starting point from which the dreamer must take off. Dreams are not born of indifference, laziness, or lack of ambition.”