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Facebook Ads in 2020 | Beginner to EXPERT Part 2

It's actually not thinking about the Facebook pixel as an identifier right and so have you ever kind of been browsing on the internet you've seen you know let's say you're looking at some camping equipment like a Shopify website or which is you know you're just kind of cruising through the cruisin through the web and then you come.
 Facebook and you've seen an ad for what you were just looking at you're kind of thinking yourself okay how the heck is that happening how does Facebook how could they possibly know that I was just browsing that web site the way that they know is called be Facebook pixel so it's basically a piece of code that you get from your Facebook ad account. 
that you put you know in the background of your website and then whenever somebody visit is your website if they are a Facebook user Facebook will say hey you know Kevin from Oregon visited your website you know this is what we know about him right so if you want to retarget Kevin on…

Best Business ideas 2020

 Hey guys, welcome to earnonlinehub and today we're going to be diving into the top five most profitable food and beverage businesses in 2020.

Top 20 Best Business Ideas for Beginners

Just to give you a little bit more context, I interviewed more than a hundred food and beverage restaurant owners and created the survey.

That's the reason why I was able to gain a lot of insight into which types of businesses are actually making money and what is not making money. This report is a lot of work, and it gave us a lot of insight into how people invest and the type of service we're going to be offering.

Today I'm going to be sharing with you the top five most profitable businesses, so make sure you guys stay until the end. I'm going to be sharing it with you guys.

We talked about the few things to look out for when creating a restaurant and when you're opening up a restaurant and, within this video, we talked about the margins that typical food and beverage owners make, and that ranges from 5% to 10%. That is very, very slim margins.

Today, these five businesses that I'm going to be talking to you about, the five industries, all range from 20% to 35% margins. We're talking about 20% to 35% margins take-home, so make sure you guys stay until the end.

This is something I've never done before. I don't even know if I'm going to get in trouble by doing this, so if you're watching this video, good for you. If this video is down that means I'm getting sued, okay? Before we dive right in, I'm going to be talking about the structure of how I'm presenting it.

I'm going to be talking to you about the pros and cons and basically why this is such a profitable idea. You would want to really pay attention to this because before we dive into creating and actually committing into your next five years of business, you probably would want to know what is the most profitable.

You probably want to know which business idea to get into so then that way, after five years, you're not better off not starting at all. So many businesses are like that, but today these five businesses are the kings and the queens of 2019. Are you guys ready? All right, let's dive right in. The number one most profitable food and beverage

 business to be in 2019 is a bubble tea shop, and the reason why it's the most profitable is that the cost of goods sold is relatively low. It ranges from 10% to 15%. It is super easy to make, and on top of that, the quality control is always there. You just follow the formula.

 You have all the powders, you have all the syrup and you're good to go. Training people is super easy because of the fact that quality control is so easy to make as well. Some of the pros of operating a bubble teashop are that it has a high demand.

Nowadays, everyone is drinking bubble tea, and if you do not know what bubble tea is you definitely are missing out. The second thing is the high turnover rate, and what that means is that you don't need a really big space in order for you to do a lot of volumes.

People grab their bubble tea and they go. A lot of people order takeout, and that the reason why it is such an attractive business model. On top of that, it doesn't require a lot of investment. All the equipment that it requires is actually very, very affordable.

The fourth thing is that the quality control, everything is processed in terms of it has a process. It doesn't require very high skills to be able to make the product good because it's all in the formula. It's all in the syrup, it's all in the powder.

That's what makes this product and this business model so attractive. For us, we actually started selling bubble tea as well at 720 Sweets two years ago because we saw how profitable it is, and how much of a demand it has.

 Now, the con of running this business is that the average ticket price for this product is relatively low, so what that means is that you need a lot of volume in order for you to be super profitable. The second con is that it is highly, highly competitive.

 I'm not sure about you, if in Vancouver we have more bubble tea shops than 7-Eleven's, and in any convenience stores, going down a block you're going to see at least five of them.

It is because it is such a profitable business idea out there. Just to share some behind-the-scenes stories with you is that I actually have a lot of friends who are in this field and that are in this business, and just to let you know about the volume that they're actually doing that a lot of them actually clear seven figures selling bubble tea.

 We're talking about peak times, more than$200,000 per month. That is a crazy amount of volume and the crazy amount of demand, and that's the reason why 720 Sweets is in the forefront and our franchisee's lovers providing this as well.

I mean, if you're not in this business into days age, you're definitely missing out. The second most profitable food and beverage business out there is an ice cream shop and, luckily enough, our 720 Sweets, our dessert chain, is in the forefront of this as well, and this is the reason why we've expanded rapidly.

Nonetheless, just to share with you some of the pros, is that the cost of goods sold, once again, is relatively low in comparison to a full-service restaurant.

We're talking about around 20% to 25% in the cost of goods sold. Now, the quality control is definitely one of the pro things because when you make these things in batches, and it comes in formulas, basically just mix A, mix B, mix C, and out comes a product, so it doesn't require a lotof high skilled labor and talent in order for them to create the product.

- If you're interested in starting your own business, then you're probably aware that there are a lot of opportunities out there.

 Maybe you've looked around at some of your options, you've watched some videos like this already, read some blog articles, and you've seen the lists of all the different things you can do.

The problem with a lot of the jobs that you'll see on those lists is that they don't pay very much and you probably wanna start your own business so that you can increase your income so that you can have more flexibility and freedom and be your own boss, but unless the job pays reasonably well, it's not gonna do that.

In this video, I'm gonna share with you 12 different ideas for businesses that you can start this year that have very high profits. Before we get into the list, I just wanna let you know that there are kind of two different ways that a business could have a high profit.

One is if the business is in a big industry where the business has the opportunity to earn a lot of revenue. In that case, even if the expenses are also relatively high, the business could keep a lot of the profit.

For example, let's say there's a business that earned a million years, they make a million dollars in sales. Even if their expenses are $800,000, they still will keep $200,000 in profit, so that's a fairly large amount of profit.

 On the other hand, there are business opportunities that aren't in such big industries and maybe don't have the opportunity to earn such large amounts of revenue. Take for example a music teacher. They're teaching one student at a time or a small group of students and they're just one person.

The amount of money that they can earn total is limited, but their expenses are very low, so their profit margins are very high. They might be able to keep 80% or even 90% of the money that is paid to them. If they earn $100,000 a year, they're able to keep$80,000 or $90,000 of it and they can still earn a great living.

 In this video, you're going to hear some of each of these different types of opportunities. Some of these are bigger businesses that have bigger potential for earning. Others of them are small businesses that you could do all on your own, just a one-man team, but you're able to keep a lot of the profits.

 As you hear each of these ideas, just be aware that there is that variety there and that some of these ideas might appeal to you because maybe you wanna build a big business and others might appeal to you if you want to keep things really small and simple.

One last thing before we get into the first idea and that's just if you're new here and you wanna learn more about entrepreneurship and success, then be sure to subscribe to my channel because I make new videos on those topics every single week.

With that being said, let's get on into the first of these most profitable business ideas. Business idea number one is IT support.

With so many people using technology in so many ways, there is a lot of opportunities for things to go wrong and people to need help. That's where an IT support specialist can come in. This is something that you could do all on your own as an individual and keep a lot of the profits, or you could hire other people for your company.

You'd keep a smaller amount of the profits, but you'd be able to serve more customers. Right now, you might already have the skills and the know-how to be able to support people really well with some specific type of technology, or you might need to get some training yourself to be able to provide your customers with a great experience and be very, very helpful to them.

Like I said, there's a lot of different ways you can help people with technology. You could help people with general computer support, or with their website, or you could help people with their phone, you could help fix phones, there are all sorts of different things you can do and most likely, if you' rewatching this video right now, you're at least a little bit tech-savvy.

Business idea number-two is app development. In order to develop apps, you do need to have the technical skills and understand coding languages so that you can create the apps.

I want you to know that this opportunity is more than it might seem at first. It can be easy to think that the only way to make a lot of money with apps is if you get lucky if you make an app that happensto take off and go viral, but there is actually amuch bigger opportunity and a much more dependable opportunity if you create apps for other people.

There are all sorts of people out there with ideas for apps that they want to see created and thatthey're hoping might take off, but if you have the skills to create apps, then you can serve those people,bring their ideas to life, and get paid for the work.

Because of the technicalnature of this work and because not very manypeople have these skills, app developers are paid a high average wage and if you are working as a solo printer on your own as an app developer you are a freelancer, then you will be able to keep a very high percentage of the money that you earn, which means that this job is very profitable.

Profitable job idea number three is an apparel and accessory rental. This is quite different from the other jobs that I've mentioned so far because it definitelyfalls into that category of a bigger business with lower profit margins.

This type of company rents out clothing or accessories or otherthings to consumers.

In this way, the consumercan pay a relatively low monthly fee to have access to a lot of different wardrobe options.

You do need a fair amountof start-up capital in order to start this business because you have to purchase the items that you are going to rent out.



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