The Ultimate Guide to Profitable Business Ideas

The Best Way to Find a Business
Idea — Fast

The Ultimate Guide to Profitable Business Ideas – Over the past 12 years, I’ve helped thousands of students to create their own profitable businesses.

And the #1 obstacle that holds people back?

Finding a business idea.

It sounds crazy. After all, you can go Google “business ideas” right now and get 52,800,000 results. (Wanna be a dog walker?)

But if business ideas are so easy to come by, why is this such a huge barrier for people?

Here’s the rub: You don’t just need any idea.

You need to know:

1. If your business idea is profitable (so you don’t waste your time)

2. If your idea is something you care about

Anybody can hand you a list of ideas and say, “Run with this. Bye.”

But my approach is different. I’ve developed a system that guarantees you’ll find profitable ideas you enjoy.

Nail this and you’ll be well on your way to having a successful online business. One that gives you the financial freedom to do the things you love. Then you’ll never have to choose between paying bills, saving for the future, or investing in great experiences and products.

Don’t have any ideas? Or have too many ideas?

Relax. I’ve got you covered.

Who am I?
I’m Ramit Sethi, New
York Times best-selling
author and founder of I
Will Teach You to Be
Rich and Growth Lab.
I’ve been featured
in Fortune and Forbes
Magazine, the Wall Street
Journal, ABC News, NPR,
and more.

Over the past 12 years, I have spent millions of dollars researching the best ways to help people find profitable business ideas and start successful businesses.

That’s what you’ll get today in this guide. We’ll cover:

• How to start a side business no matter what your current
situation (working full time, busy family, crazy schedule,
student… we’ve got you covered in Part 2)

• The 6 types of businesses you can start online and how to
decide which one is right for you (Part 3)

• How to discover if your business idea will make money
BEFORE spending any money (Part 4)

• The 5 things you need to go from $0 to $4,500 online,
faster than you ever thought possible (Part 5)

How to Find a Profitable Business
Idea in 3 Steps

Step 1: Start with business ideas that suck

Here’s the most liberating part of coming up with business ideas: You have permission to suck.

There are no bad ideas in the beginning stages.

Some of my early business ideas were terrible. But I’ve gone on
to create more than 18 successful products.

The first step to finding a profitable business idea: You have
permission to come up with ideas that suck.

Today, I’m going to reveal my system for identifying bad ideas —
fast — so you can avoid costly mistakes.

And it all starts with this simple realization: You have permission to come up with ideas that suck.

Got it?

Once you’ve internalized this idea, you’re ready to move on to
step two.

Step 2: Ask yourself these 4 questions

It’s easy to sit and create a list of random business ideas. But without the right framework, you can’t tell if these ideas will ever pan out.

That’s why we use this simple exercise to get the ball rolling.

The first part of this exercise is to ask yourself 4 questions.

Question #1: What do I already pay for?

I like to lead with this question because a lot of us can’t even fathom the idea that someone would pay them for something.

But when you think about it, we already pay other people for tons of random stuff.

For example, maybe you pay someone to:

• Clean your apartment

• Change the oil in your car

• Make your dinner

When you start to make your list, you’ll quickly see that you pay
other people every day.

That’s why I start with this question. It opens your mind to what’s possible when it comes to business ideas.

So, take a second — right now — and think of about 3-5 things that you already pay for. Write them down on a sheet of paper and move on to the next question.

Question #2: What skills do I have?

What are you great at? Write those things down.

Remember, there are no bad ideas here. Your list of skills can include anything you want.

• Are you good at cooking?

• Do you speak Spanish?

• Are you an Excel wiz?

As you make your list, you’ll start to see what people might pay you for.

For example: If you’re great at cooking, maybe someone would pay you to be a personal chef for them.

If you know Spanish, maybe you could tutor someone.

If you’re amazing at Excel, I know plenty of people who would
gladly pay you to create some charts for them right now.

I want you to push yourself to come up with a list of at least 10
skills you already have.

Write down anything that comes to mind. Don’t filter any of your
ideas.

Once you’ve got at least 10, you can move on to the next
question.

READ MUCH MORE INSIDE…

“THE ULTIMATE GUIDE TO PROFITABLE BUINESS IDEAS” $27

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The risk is entirely ours! You absolutely have nothing to lose!

More About

Ramit Singh Sethi is an American writer, blogger, and self-proclaimed personal finance adviser. He is widely recognized for his 2009 New York Times Best Seller book called “I Will Teach You To Be Rich”. Sethi is also the founder of GrowthLab.com, an online advertising advice website, and the owner and co-founder of PBworks, a commercial wiki website.

He holds a Bachelor of Arts in Information & Society from Stanford University and a Master of Arts in sociology (Social Psychology and Interpersonal Processes) from the same institution.

In 2018, he married Cassandra Campa. Sethi hosts the podcast “I Will Teach You To Be Rich” and recently appeared in a Netflix series titled “How to Get Rich”, where he provides personal and financial advice to people ¹ ² ³.

Summary: Ramit Sethi, a prominent personal finance adviser, authored the bestselling book “I Will Teach You To Be Rich” and is known for his practical financial guidance and online platforms.

What are some of Ramit Sethi’s tips?

Certainly! Ramit Sethi, the renowned personal finance adviser, offers practical advice to help people improve their financial well-being. Here are some of his valuable tips:

Automate Your Finances: Simplify your financial decisions by automating as much as possible. Set up automatic transfers for bills, savings, and investments. By doing so, you’ll avoid the stress of manual tracking and ensure consistency in managing your money ¹.
Engage in Conscious Spending: Unlike traditional budgeting that focuses on sacrifice, Sethi encourages conscious spending. Categorize your expenses into fixed costs, investments, savings, and guilt-free spending. Be intentional about where your money goes, directing it toward what truly matters to you ².
Maximize Your Earning Potential: Sethi emphasizes increasing your income. Consider negotiating a raise, seeking better-paying job opportunities, or starting a side hustle. By boosting your earning potential, you’ll have more resources to achieve your financial goals ³.

Remember, these principles can put you ahead of the game and empower you to build wealth effectively! 🌟💰

Can you tell me more about his books?

Ramit Sethi has authored the book “I Will Teach You to Be Rich”, which provides practical and actionable advice on personal finance. Here are some key points about the book:

Purpose and Approach:
- The book aims to empower readers to take control of their finances and design a life they love.
- Sethi’s approach is straightforward, no-nonsense, and focused on results.
Core Principles:
- Automate Your Finances: Simplify money management by setting up automatic transfers for bills, savings, and investments.
- Conscious Spending: Categorize expenses intentionally, prioritizing what matters to you.
- Maximize Earning Potential: Focus on increasing your income through negotiation, career growth, or side hustles.
Testimonials:
- Readers have reported significant financial transformations after following Sethi’s system.
- Examples include paying off debt, building substantial savings, and achieving financial freedom.
Updated Editions:
- The book has been revised and expanded over the years to stay relevant in changing financial landscapes.
- Sethi’s advice covers long-term investments, choosing the right bank accounts, and more.

Whether you’re a financial novice or seeking to optimize your money management, “I Will Teach You to Be Rich” provides actionable steps to create a richer life. 🌟💰

Learn more about the book on Ramit Sethi’s website ¹.

Warmest Regards, Coyalita

Behavioral Health Rehabilitative Specialist & Addiction Counselor

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