3 Boring Businesses that will Make Millions

These businesses are boring, but they’re making millions. No trend-chasing, no viral dances, just cold, hard, soul-crushing profit. If you’ve ever dreamed of getting rich without needing a personality… this one’s for you.
#BoringBusinesses #EntrepreneurLife #ProfitMachine #PassiveIncome #SmallBusiness #CashFlow #WealthBuilding #BusinessIdeas

Episode Transcript

Speaker 1 (00:00):
Do you want to become a millionaire, Start a boring business.
Don't try to be a Hollywood actor. Don't try to
be a pop star, don't try to be a cartoonist.
Go for boring. Boring pays. Three boring businesses that will
make millions. Number one vending machines. Vending machines actually have

(00:21):
a really low startup cost. You can start for as
little as two thousand, two hundred and fifty dollars. Get
your vending machine, you put it in a building, and
it starts to generate money. On average, people run vending
machine businesses make four hundred and eighty four thousand dollars
a year. That's a lot for boring business. Literally, all

(00:43):
you're doing is finding a location, putting a machine in there,
and stalking it. Now, here's the key to making vending
machine businesses work. Relationships. You need to build a relationship
with the person who owns the location, and you need
to be smart enough in this boring business to pick
locations that will monetize, meaning locations with high traffic. So

(01:07):
there has to be a lot of traffic, especially throughout
the day, so people have to be coming and going.
They have to see your machine has to be in
the right location, in the right building so that when
people pass by it, they see it. And they have
to be the type of people who don't have access
to other drinks, because if there's a coffee shop right
next door, and there's a restaurant down the street and

(01:30):
all these other things, they will probably ignore the vending
machine and go get their drinks elsewhere. But if there's nothing,
if it's a drink desert and the vending machine is
the only oasis, people will go there. Also, the type
of drinks you stock make it a huge difference. You
need to figure out what are the high traffic drinks.
Usually those are the big brands, Coca Cola, Petsy, you know,

(01:53):
different soft drinks. But trends are changing. People are gravitating
towards healthier drinks. However, if you go off on some
tangent and stock really strange or unusual drinks, usually your
machine won't make much money. I'm sorry, but average drinks sell.
So if you have any doubts, go into a grocery store,
look on the aisles, even talk to the people who

(02:15):
work in a grocery store. See what moves, and that's
probably what's going to move in your vending machine. Number
two boring businesses that make millions electrical systems repair. So
you have to repair electrical systems, you know, in buildings
and other locations. This is actually really lucrative. It only
costs on average twenty seven thousand, five hundred dollars to

(02:39):
get started, and the payoff is huge, almost a million
dollars nine hundred and seventy eight thousand dollars a year. However,
you need some skills to get going. You need to
either be an electrician or you need to find talented
electricians who can repair these systems to work for you.
So that's the challenge in getting going. If you can

(03:00):
overcome that challenge, the next challenge is getting contracts. Like
it's hard because there's competition out there, there's other electrical
repair system companies. But once you get a contract, if
you do a good job, they usually stick with you,
so you can just keep adding contract after contract after contract.
It's not an exciting business, but it's a steady growth

(03:21):
business that you can build until the point where you
are putting millions of dollars into your pockets. Number three
of the most boring businesses out there, and maybe the
most boring of all, but the most lucrative owning a
parking lot. Owning a parking lot, the startup costs are
more for this, on average, one hundred and twenty five
thousand dollars. To get going, you need the land. You've

(03:42):
got to get the land somehow. Once you have the land,
and once you've set it up, it's a cash count.
The money just starts rolling in and literally, you know,
working in a parking lot very boring. You're probably not
going to work in your own parking lot, maybe at
the beginning, but eventually you will have other people working
and hopefully you will take your profits and expand more

(04:03):
and more parking lots. The average parking lot owner brings
in one point five million dollars a year, and you
can go way beyond this. But there's a key. The
key is you can't put a parking lot anywhere. If
you put it in the middle of nowhere, nobody's going
to park there. You have to put it in a
high traffic zone where there aren't enough public parking spaces.

(04:28):
So the dens are the zone without with inadequate public parking.
That's when these parking lot locations begin to print money.
Again the golden rule, location, location, location. This is a
real estate business, and at the end of the day,
if you pick the wrong location, you're probably going to
lose money. So you have to be really careful and

(04:50):
if you don't know what you're doing, get an expert,
get a consultant, get somebody that can tell you what
are the best locations. Also, just drive around the neighborhood
see if you can fine parking spots. If you can't
find any decently priced parking spots, that's probably a good area.
These businesses aren't complex to run. You don't have to
be a rocket scientist, yet you can make a lot

(05:11):
more than most rocket scientists ever make in their lifetime.