Best Businesses To Start with Facebook Ads (in 2023)
Last updated: Jul 30, 2023
The video is about ranking different business opportunities that can be promoted using Facebook and Instagram ads, starting with dropshipping and discussing the pros and cons of each opportunity.
This video by Ben Heath was published on Apr 25, 2023. Video length: 17:03.
The video is about ranking different business opportunities that can be promoted using Facebook and Instagram ads.
The speaker starts by discussing dropshipping and explains that while it is attractive to new entrepreneurs because it is easy to start, it also means that there is a lot of competition and it is difficult to differentiate oneself from others. The speaker then moves on to discuss digital marketing agencies, stating that while there is a lot of competition, the demand for high-quality digital marketing services is growing and can be a profitable business opportunity. Finally, the speaker mentions brick and mortar businesses, explaining that while they can be easy to advertise on social media, they require a significant amount of startup money and operational challenges.
Overall, the speaker ranks dropshipping as a poor business opportunity, digital marketing agencies as a good opportunity, and brick and mortar businesses as challenging but potentially profitable.
Dropshipping is attractive to new entrepreneurs, but there is a lot of competition and lack of differentiation.
A digital marketing agency has a large potential market, but scaling can be challenging.
Brick and mortar businesses can advertise on Facebook and Instagram with low competition, but generating substantial profits is rare.
Starting with a brick and mortar business is a common mistake for new entrepreneurs.
Being an online coach or consultant can be lucrative, but the market is competitive and scaling can be difficult.
Building a software business can have enormous rewards, but it is also risky and requires upfront skills and capital.
E-commerce businesses have used Facebook and Instagram ads successfully, but competition is high.
The influencer/content creator industry is highly competitive and the potential rewards may not be as large.
Affiliate marketing allows you to focus on selling without worrying about deliverables or refunds, but competition can be high.