8 High Income Businesses to Start in 2025

Key Concepts:

• Gross Margins
• Chat Sales Agency
• Personal Brand Agency
• Ghost Writing Agency
• Virtual Assistant Placement
• Virtual Reality Training Agency
• Gamified Learning Platform
• AI Automation Agency
• AI-First SaaS Business
• CRM (Customer Relationship Management)
• Pay for Performance
• Viral Word of Mouth (Vong)
• Other People's Platforms (OPP)
• Freemium
• AI Agents
• Success as a Service (SaaS)

1. Chat Sales Agency

• Gross Margins: 40-50%.
• Key Points: Chat sales are increasing, with examples of clients generating over $1 million via chat.
• Process:
  1. Identify a growing industry (e.g., roofing, solar, consulting). Use tools like ChatGPT or Google to find these industries.
  2. Target clients with existing audiences (massive followership on social media).
  3. Integrate with a CRM (e.g., Revio) to manage high volumes of chats and leverage AI for chat summarization.
• Example: Top sales representatives earning over $1 million annually through chat sales.

2. Personal Brand Agency

• Gross Margins: 40-50%.
• Key Points: Focuses on leveraging the trust and influence of personal brands for commerce.
• Strategies:
  1. Pay for Performance: Charge a retainer plus a percentage of the upside generated for the client (e.g., follower growth, increased revenue).
  2. Double Down on Winners: Focus on clients who demonstrate potential and willingness to create engaging content. Cut losses quickly with underperforming clients.
  3. Ask for Referrals: Request referrals from satisfied clients after achieving significant results (viral word of mouth).
• Example: Individuals earning multiple seven figures by helping others grow their personal brands.

3. Ghost Writing Agency

• Gross Margins: 50-60%.
• Key Points: Addresses the high demand for writers, particularly for books and content creation.
• Strategies:
  1. Get Paid Upfront: Secure at least 50% of the payment upfront to fund growth.
  2. Get on Stages: Speak at events and platforms where potential clients (e.g., entrepreneurs) are present to explain the ghostwriting process.
  3. Get Familiar Amongst a Niche Audience: Specialize in a specific niche (e.g., marketing entrepreneurs) to become the go-to agency for that area.
• Concept: Leverage "Other People's Platforms" (OPP) to reach target audiences.

4. Virtual Assistant Placement

• Gross Margins: 50-60%.
• Key Points: Connects clients with virtual assistants to help them "buy back their time."
• Strategies:
  1. Get Paid on Delivery: Charge clients only when the virtual assistant starts working and providing value.
  2. Guarantee Placement: Offer a minimum 2-month guarantee, replacing the VA at no extra cost if they don't work out.
  3. Send them a copy of "Buy Back Your Time": Use the book as a marketing tool to educate potential clients on the value of virtual assistants.
• Example: Friends starting companies based on the "buy back your time" concept and achieving eight-figure revenues.

5. Virtual Reality Training Agency

• Gross Margins: 60-70%.
• Key Points: Leverages VR for training in various industries, including flight and surgery.
• Strategies:
  1. Sell Enterprise Packages: Target large companies for significant investments.
  2. Offer Ongoing Support: Provide subscription-based services for training updates, modules, and certified support experts.
  3. Finance the Hardware: Sell VR headsets at retail or higher, managing configuration and shipping for additional revenue.
• Example: VR being used for flight training, surgery training, and in high-stakes environments.

6. Gamified Learning Platform

• Gross Margins: 60-70%.
• Key Points: Creates engaging learning experiences through gamification.
• Strategies:
  1. Sell Before You Build: Use existing platforms (e.g., membership.) to pre-sell the service and then configure it for the client.
  2. Target Enterprises: Focus on companies with high employee turnover and training needs (e.g., car dealerships, insurance companies, retail).
  3. Open to the Public: Offer a freemium model to attract users and convert them into paying members.
• Concept: Leverage the "freemium" model for distribution.

7. AI Automation Agency

• Gross Margins: 70-80%.
• Key Points: Helps businesses integrate AI into their operations.
• Strategies:
  1. Consult on Tools: Teach businesses how to use AI tools before automating processes.
  2. Focus on Cash: Automate processes that generate the most revenue for the client first.
  3. Develop Partnerships: Collaborate with businesses that already have relationships with the target customer.
• Statistic: "93% of businesses in the US have not yet implemented AI into their business."
• Quote: "AI is not going to take your job, but somebody using AI will."

8. AI-First SaaS Business

• Gross Margins: 80-90%.
• Key Points: Focuses on AI-driven solutions to specific problems, emphasizing "Success as a Service" (SaaS).
• Strategies:
  1. Pick a Boring Industry: Target less competitive industries like legal, medical, or manufacturing.
  2. Pre-Sell the Service: Prototype and demonstrate the service to secure funding before development.
  3. Build AI Agents: Implement AI agents that monitor and take action on behalf of the customer.
• Concept: Shift from "Software as a Service" to "Success as a Service."
• Example: AI agents for purchasing, research, and prospecting.

Synthesis/Conclusion:

The video outlines eight business ideas for 2025, emphasizing high gross margins and leveraging emerging trends like AI and virtual reality. The key to success in these ventures lies in identifying growing markets, focusing on client results, and utilizing strategic partnerships. The shift towards AI-driven solutions and "Success as a Service" is highlighted as a significant opportunity for entrepreneurs.