90% of businesses fail.
Because 90% of people try to start the risky ones...
6 simple businesses with the highest success rate in 2024 (that anyone can start):
Because 90% of people try to start the risky ones...
6 simple businesses with the highest success rate in 2024 (that anyone can start):
1. Laundromats.
94% success rate.
Laundromats are a tried & true business that has been around forever.
They have high success rates due to their simple business model:
Customers bring their laundry, wash it themselves, & then dry it.
& Everyone is a repeat customer.
94% success rate.
Laundromats are a tried & true business that has been around forever.
They have high success rates due to their simple business model:
Customers bring their laundry, wash it themselves, & then dry it.
& Everyone is a repeat customer.
2. Self-storage facilities.
92% success rate.
The business model for self-storage is simple & can be a form of passive income.
It's similar to the rental property model in a way- buy real estate & have tenants pay you monthly to rent.
Hereβs @Codie_Sanchez breaking one down:
92% success rate.
The business model for self-storage is simple & can be a form of passive income.
It's similar to the rental property model in a way- buy real estate & have tenants pay you monthly to rent.
Hereβs @Codie_Sanchez breaking one down:
@Codie_Sanchez 3. Vending machines.
91% success rate.
I'm biased for this because I own a vending machine business.
I started it 4 years ago & it makes me $15,000+ every month.
The only biz on this list you can start for $0 down & scale incredibly fast.
Another @Codie_Sanchez break down:π
91% success rate.
I'm biased for this because I own a vending machine business.
I started it 4 years ago & it makes me $15,000+ every month.
The only biz on this list you can start for $0 down & scale incredibly fast.
Another @Codie_Sanchez break down:π
@Codie_Sanchez 4. Rental property business.
85% success rate.
Although real estate seems to be a risky investment in today's market...
Historically it has a low-failure rate.
This is the first passive income stream I invested in almost 10 years ago.
& I still own an Airbnb in Florida.
85% success rate.
Although real estate seems to be a risky investment in today's market...
Historically it has a low-failure rate.
This is the first passive income stream I invested in almost 10 years ago.
& I still own an Airbnb in Florida.
@Codie_Sanchez 5. Last-mile delivery service.
76% success rate.
This is a super simple business model:
Delivering products/goods a short distance (ie. last mile).
The first miles are through freights & planes...
& You drive the last mile of the delivery process (Ex. trucking).
76% success rate.
This is a super simple business model:
Delivering products/goods a short distance (ie. last mile).
The first miles are through freights & planes...
& You drive the last mile of the delivery process (Ex. trucking).
@Codie_Sanchez 6. Senior care.
74% success rate.
Definitely the most unique business on this list.
But they're successful due to the growing elderly population.
You can start this business with a simple house & get it certified for senior care.
But this requires a semi-large investment.
74% success rate.
Definitely the most unique business on this list.
But they're successful due to the growing elderly population.
You can start this business with a simple house & get it certified for senior care.
But this requires a semi-large investment.
@Codie_Sanchez Which of these businesses would you start?
If you enjoyed this & want more content like it...
Follow me @MrPassive_ for more.
If you enjoyed this & want more content like it...
Follow me @MrPassive_ for more.
If you want help starting your Passive Income journey in addition to your
9-to-5...
DM me "Passive" and let's chat. π₯€
9-to-5...
DM me "Passive" and let's chat. π₯€
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