I Discovered the Best Businesses to Start in 2024

In the investing world, insider information is everything.

It's the difference between making a smart decision or a costly mistake.

Launching a new business is *no different*.

I've seen too many bright-eyed entrepreneurs sit back and not take action because they can’t decide what business to start.

Most waste 5 years of their life in the wrong business…

Or they spend 5 years sitting on the sidelines.

So to help you avoid these mistakes I’ve cut through the clutter, and analyzed all industries, the gross margins, market demands – the full spectrum.

In today’s episode, I’m sharing 4 game-changing business opportunities you can start in 2024.

Chapters:

0:00 What is Gross Margins?
0:43 Business #1
2:23 Business #2
4:50 Business #3
7:47 Business #4

Instagram: @danmartell
Twitter: @danmartell

[danmartell]

Those are the best businesses you can start in 2024!

Leave a comment, let me know your favourite:)

[ryanwilliams]

I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or whenever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That'd be enough to create a portfolio that would pay you between $50k to $70k in dividend income

[BrettaANordsiek]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[GonzalesDavis]

I manifested $4250 and $500 in one week without working for it. I did it once. Just once. lol. I wanna do it everyday

[RonaldPaul-rskt]

I'm curious, for someone with less than $80, 000 to invest, how would you recommend we enter the market? I am open to study some traders and copy their strategy rather than investing myself and losing money emotionally. What's your take on this approach?

[CharlotteNatalie-rtgj]

The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.

[fionawats]

*I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.*

[setionos]

1. Product business is one option, with emphasis on pre-selling, direct-to-consumer approach, and investing in building a brand.
2. Agency or service business is another viable option, focusing on identifying strong market pain, productizing services, emphasizing recurring revenue, and scaling with systems.
3. Coaching business, including consulting and online training, offers high margins (70-80%), with an emphasis on selling expertise, educational-based marketing, and building a community.
4. Software business boasts the highest gross margins (80-90%), emphasizing the importance of a sticky product, targeting boring industries, optimizing first-time user experience, and prioritizing customer retention for long-term success.

[Benjaminarmstrong]

I'm in my 50s and I'm more interested in investments that could set me up for retirement, I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[armstrongdaniel]

Hey I want to start investing but don't know where to begin. Any advice or contacts for help?

[chipcelley]

I've been in the software business for over 30 years and while creating and selling software is a great business model, the support costs should not be left out. No software is ever finished and will always require support.

[Susanhartman.]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[DarrenJacob]

Lovely video Dan, In order to maximize the growth of my $400k portfolio during the upcoming bull market, I am actively looking for new ways to invest and diversify it. Any suggestions?

[matthewcwiokowski]

Dan— great content. In the 60-70% of gross margin for the service business’s are you assuming service labor cost as expense or COGS?

[Xxsport]

Your dedication, enthusiasm, and insight are shown in your work. Keep on doing great works like this, and there’s no looking back for you! The way you gracefully pulled off the work – I am so proud of you. BsnsFunding, Thanks for going through all the hassle and making them worth it. Congrats and best wishes for a promising future.

[Riggsnic_co]

We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.

[notrajif]

finally someone talking about real businesses apart from what gurus are trying to sell, SMMA, dropshipping

[cryptomanual]

Attempted an online grocery store and learned the margin lesson the hard way given the cost of onboarding a first time buyer and overall profit margins.

[linnerdclayton]

this was by far the most collective, informative mind blowing, got me thinking, simple enough to understand, with a dash of high value

[nelsonalberto]

DAN, I'M SO HAPPY I STUMBLED ONTO YOUR CHANNEL, I REALLY ENJOY YOUR BUSINESS TALKS, YOU'RE THE KIND OF HUMANS I NEED TO BE SORROUNDED BY, SO MUCH TO LEARN FROM.