15 "Boring" Businesses That Can Get You to 1 Million Dollars

the less you innovate the better are your chances of making money instead of losing it 70% of startups fail within the first 10 years so if you thought the easiest road to 1 million was just about creativity and disruption you'd be wrong my friend stale old weak and simple businesses known as SS can help you reach that one million with less risk and a lot more stability you work in the background with little recognition this job is repetitive and there's no cuttingedge technology or trends that are at the Forefront of it but you know what you'll have lots of customers and low competition you can also decide if you want to be a one man or one woman show or if you want to scale you don't need a whole lot of other people these businesses are easy enough to keep it easy keep it small and work by yourself for yourself here are 15 boring businesses that can get you to $1 million [Music] number one lease event supplies if you want to be sure of always being in demand well you need to tap into the market that never stops unless there's a pandemic of course weddings corporate events birthday parties and festivals are your money makers you're not going to be praised at the event but you're not looking for praise you're looking for profit event infrastructure has high markups and continuous demand you you can rent out your equipment so your Investments can all be working at the same time even when you're not physically there your assets in the business like tables chairs photo booths and bouncy houses won't depreciate as fast as Assets in other Industries if you maintain them well then the wear tear and costs of repair will be minimal it's not the type of business that's going to get you featured in a Luxury magazine but you won't care about that once the business starts rolling in number two flooring for multifam residential buildings specific knowledge can make or break you it can limit your options or it can put you in high demand multifam residential buildings like apartments condos and Tow houses have constant turnover and high traffic which means they need to replace their floors regularly so they're looking for people who are good at this property managers and landlords want reliable cost-effective flooring off that can last them for years if you do the job well once well you've got a customer for life and they've got lots of units repeat business is almost guaranteed and Word of Mouth travels strong and fast in this industry these businesses are simple nail down a niche that targets repeat customers and here's how you do that first you dig deeper than the surface level desires ask yourself what recurring problem does my ideal customer face this might not be what they say they need but what they truly struggle with regularly look for pain points that keep coming back second think about services or products that people depend on customers are more likely to come back to you if they feel like they'll be losing out by not having your product in their life and third every conversation and interaction you have with your customer should leave them excited about the next thing you can offer them they should make using your services a habit because they trust you to deliver value number three rent out self storage units the best way to make money is if you can deliver something and get paid without even being there you just manage the space and give access to it the actual day-to-day management is pretty minimal you're profiting from space not a product and with around 10% of the population in the US renting a storage unit there's plenty of profit to be made here and the great thing about this is that your initial investment can be as low or as high as you're able to afford you can start off with less than 60k or go up to $1 to $2 million where you can buy the land and build the facility all yourself the average profit margin is 41% and the more units you can rent out the more money you'll make with an average unit size of 50,000 Square ft you can expect to make $184,000 a year your profits depend on what you put into it though it's it's a location game find the right place and you'll be able to Target college students business Parks or military personnel once the facilities are built it can basically run itself you'll have to step in sometimes to oversee things and keep maintenance in check but since it's one of the most profitable commercial real estate options out there that minimal time investment is totally worth it number four asphalt and seal coating companies imagine starting a business and making back your initial investment in just a few jobs well asphalt and Paving flies under the radar literally like gum under your shoe that you only think about when it inconveniences you and if you've never thought about doing this before much less seeing it as a business opportunity he us out okay because here's what it is asphalt is a mixture of sand gravel and crushed stone that's bound together and used to construct roads parking lots and driveways seal coating is when you apply a protective layer to the surface to make it more durable and here's why it's going to be profitable for you you charge about $125 a pop most driveways take about 3 to 5 hours to do completely from Paving to ceiling people know that to increase the value of their property they need to have their driveways patios walkways and parking spaces looking beautiful and well-kept you need to have some curb appeal here so you'll have to buy some tools it's going to set you back around $1,000 for basic equipment or up to 10,000 for more Advanced Machinery your overall startup costs including legal fees insurance and marketing can range from 5 to $220,000 some businesses have made $80,000 within the first few months of operation the average starting profit is between $50 to $100,000 a year so you can launch with just a few th000 and benefit from average profit margins of around 70% number five buy and sell art if there's one Surefire way to profit from a boring business it's to focus on Aesthetics and Status people will pay for things that look good and make them look good always but this isn't like trading stocks where the pace is quick and results are immediate art investment needs patience and a lot of due diligence it's a long-term hold which is a part of what makes it so stable but choosing the right pieces is also key with segments of the high-end Art Market outpacing traditional invest ments like the S&P 500 but if you're buying art outright you'll need substantial Capital anywhere from 10,000 to millions of dollars depending on the artist and the piece so you need an ace up your sleeve that's going to get you in the door without it costing you millions of dollars and that's where our long-term collaborators and sponsor of today's video Masterworks comes in instead of buying an entire Picasso or Banky painting you can invest in shares of it with Masterworks and if the offering is sold any profits are distributed amongst the share owners it's a great way for smaller investors to enter this Market Masterworks has sold Pieces by established artists like basat bangy and Monae in fact even with the recent Market downturn they sold an $8 million basat to date they've distributed back a total of $60 million in investor proceeds across their 23 exits investors have realized annual net returns like 17. 6% 17. 8% and 21.

5% from assets held for one year now masterx usually has a weit list to control demand but we're going to give you some special passes that will help you skip all of that so scan the QR code on screen now or click the link in the description to sign up the great thing about this is you can do it as a side hustle to make some extra income or you can throw yourself into it fully and make buying and selling art your main thing but you need to know the market first and Masterworks will help with that number six senior care the global population is aging which means the need for long-term care facilities is skyrocketing the Baby Boomers are now getting to the point where they need full-time care so the market will open up even more you'll get a steady stream of income from their families and you'll get funding from government programs too the starting costs for some of these facilities are around $4,000 per resident per month the operational costs can be high but so can the potential Revenue this isn't for the faint-hearted though it's highly regulated administrative and not always the most exciting from a business perspective but if you can nail it if you can hit the right small town that has a growing need if you can Target a place where people are wealthy enough to pay whatever they need for good care well in that case you would have hit the jackpot my friend number seven landscaping services you need to be able to see opportunities where other people see a Barren land and Landscaping is that Ace up your sleeve the job might seem small to everyone else but the volume and consistency adds up big time you'll always be needed by your customers no matter how good a job you do it's just something that always has to get done if you can get contracts with homeowners associations business Parks or municipalities well you've got yourself a lifetime of profitable business you get predictable cash flow and the ability to scale as far as you want to go Landscaping is one of those jobs that if you're out there doing it you have to love it it can be physically demanding and tedious and you'll hate your work if you don't actually like being outdoors you're not just mowing lawns here okay your customers can pay anyone for that your job is to transform their outdoor spaces the path to profitability is securing those long-term contracts that will give you a consistent income number eight Plumbing businesses if there's one thing you need to do to start making money quickly in a new business it's to make sure you offer expertise in something that is always in demand it's not glamorous but skilled labor like Plumbing requires training certification and knowledge the average Joe off the street is not going to Plum your house Plumbing is an essential service and you're always going to be called out in an emergency which means you can offer premium rates for that once you've got your tools transportation and insurance you're all set the overhead costs aren't as high as other Industries you'll also have regular work because well people always need maintenance keep your customers happy and they'll do all of your marketing for you number nine tree trimming get your foot in an industry that people don't often think about and you won't even have to worry about having to beat out a lot of competition your competition is reduced even further because anyone who doesn't like heights is basically canceled out there might be low and high seasons for this work but when the work hits you will be in demand people need help cleaning up after storms or natural disasters so the demand will spike in those cases and like many of other businesses on this list people are willing to pay a premium fee for Urgent work plan for the peak times and you'll be rolling in the business number 10 window cleaning companies YouTubers Johnny and Sergio are friends who started a window cleaning business at 19 years old they had just 150 bucks in 4 years the company was worth $1. 3 million it's estimated that by 2028 the window cleaning industry will grow to 3. 5 billion do you know how many companies are out there with just over 12,000 window cleaners in the US the competition is pretty low and the revenue is high it's basically been growing steadily around 2.

2% per year and that's what you want to see in some business steady growth is predictable and it gives you time to manage things as you scale you want your business to be successful and to do that you have to plan for growth if you can't keep up with it then you'll lose out and fall further from where you started a business that can grow without overwhelming you will give you time to steady your feet and perfect your strategy while still moving forward not every industry has this benefit with some of them as markets shift you're constantly needing to change your strategy and realign your initial goals this is a chance for you to hold on to all of those goals work on them slowly and still see noticeable growth number 11 junk and waste removal when everyone else turns away from an industry because it doesn't seem exciting that's when you know you have to move toward it there's nobody guarding the gates okay if you've ever looked and struggled to find a number to call call for someone to come and remove your junk in your waist well you know there's a gap in your Market you can start off with a small side hustle all you need is a pickup truck and you can grow it to join the earning ranks of the average junk removal business that's a cool 1. 4 million dollar a year like window cleaning there's been a steady growth of this around 2. 3% per year as more people move to cities the population grows and there is a move towards sustainability you can be sure that if you enter this industry you'll always have customers you can specialize in specific kinds of removals too you could specialize in specific types of removal or you could be a jack of all trades and offer your services for old cars Furniture appliances yard waste and even electronics and if you're especially Keen you could sort through the junk and find things that you might be able to sell for profit to number 12 trucking companies Michael sa founded his Trucking Company sa lines at 19 years old within the first 6 months he'd made nearly $160,000 he specialized in refrigerated Freight to tap into a market that has consistent demand and big profit margins it was a great idea because trucking businesses aren't as low on competition than some of the other Industries on this list it can also be more volatile but you'll still be in demand nearly every major industry relies on the trucking industry to maintain its supply chain owner operator drivers even if it's just you and your one truck earn up to 10 times more than salaried truck drivers but you can see the downside here which is that if there's a supply chain issue or the market demand goes down your business will be affected or you can see the upside too that every dip will come with growth over time there are 3.

5 million truckers in the US and 1.