Let’s face it, in 2022 we are all trying to make more money and if you’ve got $100 and a great idea then it can certainly be done which is why I want to share with you 5 businesses you can start with $100 in 2022!
Business #1: Airbnb Management
If you’re like me then your level of excitement to finally travel is like the excitement you felt knowing Santa was on the way to deliver your Nintendo 64 back in 1999. With all this pent up demand for travel, one business that’s going to be booming this year is AirBnb and if you do things right you may be able to get a piece of this pie.
Now, you may be wondering how you can make money through AirBnb with just $100 so let me get into that right now. You see, many people who leverage AirBnb to earn rental income want the process to be as hands off as possible and this is where a business opportunity exists for you as an AirBnb property manager. In this role, you would be doing things like communicating with clients, coordinating bookings, taking care of any customer service issues with clients or AirBnb itself, managing cleaning staff and even marketing the property. Basically, you’re taking all the tasks off the plate of the owner and in exchange are being paid to do so.
Now the big question, how much can you earn from this zero-dollar business? Typically, managers earn 20% of gross rental revenues. To put some hard numbers to this business model, the average AirBnb rents for $110 a night and maintains a 50% occupancy rate. This results in a single property earning the owner around $1,650 a month. At a rate of 20% of gross rental revenue, your cut would be $330 which isn’t a huge sum of money but here’s the catch — once you have a system to manage one property, you can use it across others and can start to scale up your income from there.
Honestly, the hardest part of this business model is to get your first property to manage so here’s how I would recommend you go about doing this. Look in your local adverts for rental properties. Keep tabs on which properties are sitting idle for longer than usual and cold email or phone the owners. Given they aren’t having luck renting out the place, propose for them to set up the place as an AirBnb which you will manage for them for a fee. Once you have one property, you can then use that property as proof of success for other clients and at this point you’re off to the races!
Business #2: Drop-servicing
If you’ve ever thought to yourself, why do something myself when I can get others to do it for me then drop-serving is the business model for you. If you’re unfamiliar, drop-servicing involves obtaining client work, outsourcing that work to others and collecting the difference between your revenues and expenses.
Now, you may be wondering how this works in practice so let me give you an example of how I’ve successfully used drop-servicing in the past. Back in the day, I used to run a drop-servicing business around scriptwriting for large YouTube channels. Essentially, I would reach out to animated YouTube channels and pitch them my services. Then, once we agreed up terms on a deal, I would then offload the work to my team of writers and collect the profits.
I know this business model seems super simple, and it is, but it’s definitely not as easy as it appears to be. First, you have to be able to sell effectively because without the ability to close deals, you won’t be able to make any money. Second, you need to already have reliable workers in place to complete your projects. Without good workers, you risk delivering work late, having to overpay when you’re in a pinch or will have to do the work yourself which is not the ideal set up when using the drop-servicing model.
Therefore, if you have sales skills or are willing to develop them and are good with managing people and deadlines then drop-servicing may be right for you!
Business #3: Ghostwriting
Did you know that I wrote the song “Shake It Off” by Taylor Swift? Okay, well actually I didn’t but neither did Taylor Swift and another business model you can use to make more money in 2022 is ghostwriting!
So, first off, what is ghostwriting? Ghostwriting in a nutshell is making content for someone and allowing them to claim it as their own work in exchange for money. This is often seen in the music and publishing industry but don’t worry I’m not going to recommend you write the next top 100 hit or draft up a novel. The two avenues I recommend you use to make money through ghostwriting come via YouTube and Twitter.
One lucrative way to work as a ghostwriter is to write scripts for YouTubers. I already mentioned this concept in the drop-servicing business model but instead of outsourcing the work, you can just do it yourself.
Alternatively, you can take to Twitter and offer to write tweets for businesses. Many businesses understand the importance of social media platforms but have no idea how to use them to push their businesses forward and this is where you come in. If you can craft compelling tweets, you can offer to work as a ghostwriter to help them gain followers, get leads and ideally close sales.
Therefore, in 2022, consider making money behind the scenes by working as a ghostwriter for individuals or businesses.
Business #4: YouTube Assistant
You know what feels great? Lending someone a helping hand. But you know what feels even better? Lending someone a helping hand and getting paid for it and if you want to start a business in 2022 with less than $100 then you can start by working as a YouTube assistant. You see, most people overlook how much goes into running a successful YouTube channel. Most people see the final product but don’t realize what goes on behind the scenes. For instance, beyond sitting down and filming a video, there’s the initial research for the video, editing, uploading and this is just what needs to get done on the production side. Then there’s networking, working on brand deals, creating products and services and the list goes on. This is why many YouTubers have an assistant so they can focus on their most important tasks and offload the rest and this is where you come in.
If you want to start making money as a YouTube assistant, here are the three steps you’re going to have to take. First, research all the routine tasks that YouTubers undertake so you can understand where prospective clients might need help. Next, create a service package of these tasks that you are confident you can offer. Finally, reach out to YouTubers via their channel email address and social media platforms and start to build a rapport. Chances are they won’t hire you off a random email or message but once they get to know you better they may be more inclined to work with you so focus on relationship building first and then offer your help when the time is right.
Business #5: Video Editing
If you’ve made it this far in the video then give yourself a pat on the back because this final business model is well worth the wait. I don’t think it’s any surprise that video content is incredibly popular these days but let me share with you a few quick stats that will drive home this point.
Right now, the average person consumes roughly 16 hours a week of video content and given you’re watching this video right now you can stand by this fact. Moreover, 60% of businesses use video as part of their marketing plan which is music to the ears of anyone trying to start a business around video editing in 2022.
While these stats alone are enough to justify starting a video editing business in 2022, there are a few secret benefits of this business that most people overlook that I want to get into now.
The first benefit of this business model is that it can be done remotely. I mean, let’s face it, who the hell wants to go back to working in an office? I don’t know about you but I prefer staying in my pyjamas all day rather than having to dress up and commute into work. Now, beyond these minor conveniences that working from home provides, being able to offer your services online means that you can tap into an endless amount of clients who will keep your bank account growing month over month. Speaking of growing your income, the second benefit of video editing speaks to this fact even more.
As a video editor, your goal should be to connect with clients who want to work with you long-term. In my experience, this not only makes for more enjoyable work, but also reduces the time you need to spend filling your work pipeline which means spending more time working billable hours. But, here’s the beautiful part in all of this. As your relationships with your clients develop, they will become more and more reliant on the work you do and as such, you will gain more and more leverage in the relationship. This makes asking for raises much easier and before you know it, you will be earning a pretty penny for the video editing services you offer.
Then, once your editing skills are on-point, it’s time to start making money. From my time spent helping others get their online businesses off the ground, one area I see a lot of people struggle is in getting their first set of clients. As such, let me share a few tips on how you can do just that if you decide to seize this business opportunity in 2022.
The two avenues I recommend you use for getting your first set of clients are the following. First, you can sign up on freelancing platforms like Upwork and bid on projects. Upwork is great because there are always clients on this platform looking for skilled people like yourself and as such you will significantly increase your closing rate by being on this site.
Another option you have for finding work is one of my favorite ninja tactics which incorporates cold email. What you can do is cold mail YouTubers or businesses and offer up your services. Go to the about sections on YouTube channels and business websites and send them compelling introductory emails with some of your sample work. This should at the very least spark some interest if your work quality is up to par and is likely to bag you numerous clients over time. Now, in an ideal world, you should be doing both to keep your work pipeline full and the best part is that you can do all of this with just $100 or less.
Best of luck making money in 2022!