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Top 5 Businesses To Start: Low Risk / Huge Upside
Join us on the journey to financial independence.
Renaissance Man
August 11, 2023
Read time 5 minutes
Welcome back to another week with Renaissance. The newsletter equivalent of an episode of Shark Tank, we’re out here picking winners and learning business lessons. But I’d say without the annoying personalities………
But our business and investing attitudes are as varied as a Tom Holland TV show! (Crowded House if you haven’t seen it…….anyone? It was only okay 👀). Just saved you a 10 hour investment - we’re already on fire. 🔥
But before we get stuck in let me introduce you to our friends over at Modemobile. The First Disruption to $martphones In 15 Years 🤳
Tech Startup With Traction: Turn your phone from a cost to an income source. Intriguing idea, isn't it? This is why, we have our eyes on the launch of Mode Mobile’s Pre-IPO Offering. It’s the latest in a series of impressive raises among smartphone innovators, likely spurred by Apple’s recent $3+ trillion valuation.
Mode saw 150x revenue growth from 2019 to 2022, a leap that has made them one of America’s fastest growing companies. Mode is on a mission to disrupt the entire industry with their "EarnPhone," a budget smartphone that’s helped consumers earn and save $150M+ for activities like listening to music, playing games, and ... even charging their devices?!
Over 10,000 investors already acquired shares — and with only days remaining prior to their closing update, allocations are limited.
Disclosure: Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation CF Offering.
Today at a Glance:
5 Businesses You Can Start To Make Millions: Low Risk - Huge UpsideCrypto Alpha: All Our Calls This Week & Big Market Moves To WatchWhat All True Wealth Building Start-Ups Have In Common- And remember guys we don’t do this all for free…..well we do, but still. Honour our gentlemen’s agreement and refer a friend. 🤝
- We’ll give you some free tailored advice to set you on your journey to financial independence. What are you waiting for!
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Refer your friend using the link below ➡ Reply to this email, copying in your referred friend with the phrase “I want my free consultation” ➡ Your journey to financial independence starts
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Business, Money Markets & Financial News
Top 5 Businesses You Can Start To Make Millions: Low Capital - Huge Upside 📈📈📈
- Okay, back to basics everyone! We love investments. But you won’t get a better long term return than yourself and the businesses you start (if I was Tony Robbins I’d already be bouncing on a trampoline by now chanting).
- And in case you hadn’t realised, the thing about making risk-adjusted investments is……you need to have meaningful capital to do that up front! And we’re gonna show you 10 ways to climb out of the economic gutter. 👀
And here’s Margot Robbie in a bubble bath to explain how……wait, I’m thinking of a movie.
1. Start a digital agency ⚡
- This is the simplest of all as it doesn’t involve too much actual product creativity, but I said simple, not easy.
- Learn a skill and sell it. Sell it hard. Agency sales Iman Gadzhi style……
- If you are great at a single aspect of what it takes to run a business you can make an insane amount! Learn copywriting, sales and lead generation, marketing, media/ads, content creation manager, software development, fucking anything.
- You can make 20k a month easily if you build a solid sales funnel!
- Globally digital agencies make $300B+ per year, the sky’s the limit!
- E.g. ViralCuts - they do all your short form reels/TikToks etc and make great content and profiles to distribute it, they hustled hard for leads, did work for free initially. Now they have investment and do 7 figures in revenue in a matter of single digit months!
Another e.g. $1M a year one-man design agency: https://medium.com/@vasil-ux/1m-year-one-man-design-agency-a-breakdown-b106b3edd159
2. High profit, low cost, events businesses ⚡
- The perfect example is Picnic ‘N Chill - 2 girls throw ‘luxury picnic dates’ at a crazy mark up, it takes no time, and costs are controlled and mostly re-usable. Andddd it’s pretty viral, you can be sure they post about it and bring in new customers so the fly wheel is good!
- The numbers…….they make $15K a month and probably more now.
- Anyone can do this, pick your niche and slap ‘luxury’ in front of the USP and you’re good. We know a wedding business that sets up ‘wedding walls’ of fake flower walls and arches with drinks attached and there’s the odd neon sign - absolutely kills it, $30-50K per month!
⚡ Get creative with a luxury offering you can sell easily, anything to do with weddings, dates, holiday times etc are great because it’s just implied that their wallet is being drained.
3. Digital case accessory business..…rolls off the tongue ⚡
- I hear you laughing, phone accessories and cases…not for me. Well allow me to blow your god damn mind. 👀📱 The market for these cases and covers is going to be worth $75B in the next few years. It’s cheap to make, easy to market, and you can differentiate by utility or style to stand out.
- The best e.g. is Casetify that does £300M A YEAR IN REVENUE. In cases. More than just cool designs, the business and story are incredible and a thing of business beauty to be admired! Check it out 👇https://www.cnbc.com/2023/03/16/casetify-from-instagram-photos-on-phone-cases-to-millions-in-revenue.html
- Still not convinced? Here’s Quad Lock. Their USP? It goes on your bike. That’ll be $100M in revenue please. Easy use-case and utility and they NAILED IT. After that it’s basically an ecomm business. 🚲🚲🚲
- Think of an accessory and what utility, style, potential you can add to it, would your friend buy it? Then you’ve got a business. ✅
4. Subscription box service businesses ⚡
- You listen to me and you listen good… do you have a niche and a nice specialist category you like? Good. The more high-end the better, alcohol, nerd products, beauty, anything.
- Hell even software - look at Netflix. And no, my password isn’t Renaissance….anymore. 🙄
- Craft the monthly box, sell it once and collect revenue forever predictably from that one sale! Subscription revenue is valued the highest of all business revenue, the customer LTV is high, and profit is 60% plus typically! Technology subscriptions have the edge here for wayyyyyy more profit!
- What would you genuinely pay a lot of money for on the regular? Look at your bills for your biggest monthly expenses that aren’t necessities and you’ve basically found a subscription business already. 😉 Business 101 - turn your biggest expense into cash flow.
- A link to get you started on first steps to starting a sub business…and it’s not a link to OnlyFans! But that would have been hilarious 😂
5. Follow me here…cases…..for drinks! (flasks etc) *audible gasps ⚡
- All joking aside, picking a vice niche like alcohol, cannabis/CBD, or adult entertainment means you’re already selling 10x easier than the next business.
- There’s a phrase, when there’s a gold rush you want to be selling pick-axes, not out there digging! And alcohol has been and will be a dominant vice in the world. And while it’s competitive…….its accessories are not. And their market is growing.
- Do what Casetify did for phones, but for alcohol flasks/coolers/opening tools attached etc the possibilities are endless and you can find lots of 8-figure businesses in this space! Hell, half of them are multi-purpose, by morning it’s a flask with coffee a grinder built in, and by lunch it’s for margaritas and crushing ice……….I, I…..have a complex routine. 🍸
- Here’s a flask doing $12M per month https://www.starterstory.com/stories/brumate
There are infinite ways out here to make money to change your life, try some, have a blast. There’s no harm in failing, and it only takes one to work out and change your life. Turning you into what we call at Renaissance, ‘post-economic’. Also known as FU money.
LITTLE BITS 😎
Obama coming in with that O-bias to action, wise words. Get things done & you will be rewarded 👏
“Just learn how to get stuff done. What I mean by that is I've seen at every level people who are very good at describing problems, people who are very sophisticated at explaining why something went wrong or why something can't get fixed. But, what I’m always looking for is, no matter how small the problem or big it is, somebody who says, ‘Let me take care of that.’ If you project an attitude of whatever it is that’s needed, I can handle it, and I can do it. Whoever is running that organization will notice.”
Too busy watching tech stocks to notice that the homebuilder index just hit all time highs. Are homebuilders the next big short?
Dave Portnoy buys back Barstool Sports for $0 a few years after selling it for hundreds of millions…..the man, the myth, the legend🎉🎉🎉better trades than Warren Buffett!
NOSTALGIA OF THE DAY
Crypto Market & NFT News
Guassian Channel Flashes Green For The First Time This Cycle 🚵♀️
The only flashing we want this summer 😎
- Renaissance readers this is the signal you’ve all been waiting for, every bear market is typically ended by this channel flashing green again. And now it’s finally happened! Potentially marking the early beginnings of a crypto bull market.
- And if you’re not watching these key indicators, you’ll miss it, alongside the big wins in the Alts that people don’t pay attention to until it’s too late! You can’t argue with serious statistical deviations in price, and Bitcoin is doing what we always said it would - act as the marker or the index for the entire space, it dictates the sentiment.
⚡ TLDR; If you have dry powder at the ready, start getting it into good crypto positions for some rallies. But we couldn’t leave you without some real alpha so here’s what we’ve been investing in this week. 😉
- There’s been enough noise from enough sources for us at Renaissance to be interested in $CRYPTO. It’s a risky play down at the $400K market cap but in this range you’re not going off of fundamental analysis, but social and liquidity cues instead. We should see a decent short term return if this plays out. 👀
- Other Alt plays we’ve been in this week or are still in for big returns. Some solid leads here but DYOR:
⚡ $JUMP has been a killerrrrr up over 5X
⚡ $Zeta airdrop will be great, sign up and see if it pays off labs.zetachain.com
⚡ $GoodNodes has room to run and already up 3X for us
⚡ $MMG, we got the 2X in less than 24hrs, although this play might be over for follow on investing.
2 Alts with less than $1M market cap that should very much be in play? Happy hunting ⚡⚡⚡
$UNIBASE
$HDG (we’ve been riding this one for a while)
Wealth Building, Personal Finance Hacks & FAT FIRE
- This week we take a break from our FAT FIRE series to cover another wealth building topic. One of the best wealth building methods is creating a start-up, and here we’re always students of the game.
- We’ve been doing some reading and here’s some top considerations for your start-up according to Peter Thiel, a man who’s been involved in some of the most successful start-ups of all time.
- Thiel is of the belief that for businesses, competition is destructive. The more competition there is, the harder you have to work, and the less your profits will be.
⚡ Don’t create a undifferentiated product in a busy market. Create a company of one, something that stands on it’s own, has no competition and you capture a whole market obtaining huge profits in the process.
- This is a philosophy which has helped him create and target incredibly successful businesses throughout his career, resulting in wealth building beyond imagination.
- If you want to invest time in creating a start-up, especially a time-consuming and costly one, you want the odds to be in your favour. The most successful businesses are unique, but they all share some common characteristics. Here’s the most important ones Thiel looks out for. 👇
⚡ 1. Proprietary Technology
- This is one of the most important advantages a company can have as it makes your product difficult or impossible to replicate.
- As a rule of thumb, the technology should be at least 10 times better than the closest substitute in some important way to lead to a real monopolistic advantage. Anything less may be perceived as only a marginal improvement and will be hard to sell.
- The simplest way to achieve this is to invent something completely new! But of course, in ways this is also the hardest.
- A more common method is to radically improve something that already exists. This is what PayPal did, one of the businesses Thiel founded. They made buying and selling items online at least 10 times easier.
- Amazon in their early days made a 10X improvement by offering at least 10 times as many books as anywhere else. When launched they claimed to be the “Earth’s largest bookstore.” They achieved this by simply not stocking any inventory and just requesting from the supplier whenever they received an order.
⚡ 2. Network Effects
- Network effects make a product more useful as more people use it. Think of Facebook, another one of the start-ups Thiel funded. If all your friends are on Facebook, it makes more sense for you to join it too.
⚡ 3. Economies of Scale
- A great business gets stronger as it gets bigger. The fixed costs of creating a product can be spread over a greater quantities of sales.
- Tech companies are especially great at this and benefit from massive economies of scale. The cost of producing another copy of the product is often nearly zero.
- Some businesses only have limited advantages as they scale. For example service businesses like restaurants and gyms. You’ll only be able to serve a certain number of customers. Sure you could grow and expand, open more locations, employ more people. But this does come with a lot of additional cost, and even then you can only serve so many at once.
- This is nothing compared to what software companies can generate. They can onboard millions of customers at once, with not much change to the product or cost.
⚡ 4. Branding
- Everything is sales. Everything. Creating a brand is an incredibly powerful way to claim market share. Just look at last week’s issue on Liquid Death. They created a million dollar brand simply selling water.
- The largest company in the world today is Apple - worth nearly $3 trillion. They are a textbook example of checking all the above. ✅
- The branding is incredibly strong. The sleek minimalist designs, the layout of all the stores, the omnipresent advertising campaigns, the famous face Steve Jobs. Many companies can try and copy it but kids will still be asking, why don’t you just have an iPhone? 📱
⚡ This dominance is reinforced by them ticking all the other boxes. They have a suit of proprietary technology in both hardware and software, they manufacture at such a large scale they dominates pricing for the materials they buy, and they benefit from strong network effects on their content ecosystems.
- All of these factors work together, reinforcing the brand, and result in them achieving the most successful company in the world status.
Meme of the Day
That’s a wrap for this week! Meet us on Twitter to talk all about it. Where we’ll send you jokes, tips, and all important news from the world of money, business and crypto and more! (@RenaissanceDly)
