31 Most Profitable Business Ideas for the Next 10 Years — Silicon Valley Girl Podcast

Marina Mogilko: Hey guys, welcome to Silicon Valley Girl. Today we're going to talk about top business ideas in 2024, and I don't want to give you some obvious ideas that you can think about yourself like drop shipping on Amazon or starting an Airbnb. That seems pretty obvious, but I want to focus on the latest trends and new technologies that are expanding around the world. The world is changing and your business idea has to stay relevant for the next few years.

There is something I want you to remember before we go into this video. You need to choose a market that is growing and that is big. The thing is, you put the same amount of effort into building a billion dollar company and building a several hundred million dollar company. I live in Silicon Valley and I see so many entrepreneurs every day. I talk to them every day, and the ones who chose the right market are building the billion dollar companies, and the ones who chose the market that is shrinking, they are losing in the long run.

Because of that, I also base my research on how big the market is and how fast it's growing. I also decided to rank my business ideas. We're going to start with the ones that are kind of harder to start because I'm going to talk about robotics, AI, and VR. In the second part of this video, I will talk about ideas that are kind of easy to start over a weekend. So please watch this video up to the very end to make sure you've seen all of the ideas I've prepared for you.

Number 14: Robotic Housekeepers. This is something that Elon Musk has already announced. He stated that humans have to be ready to coexist with AI and robots. While the idea of robotic housekeepers is still in the research and development phase, Musk's vision aligns with the potential for AI and robotics to transform domestic activities. I can already visualize a robot in my home watering flowers, mopping the floors. Oh my God, like this is something I love doing myself, but not on a daily basis. So it would be great to have that type of help.

The consumer robotics market, including household cleaning robots, is experiencing significant growth. The market is projected to reach a valuation of $76 billion by 2032, with cleaning robots expected to generate maximum revenue and contribute to stress reduction and time savings for customers. So if you're excited about robotics, look into this market.

Number 13: Monitoring Gadgets and Robots for the Elderly. I praise this. This is the last type of robot we're going to discuss, but I just find it so interesting how the world is changing. First of all, we have a longer lifespan and there is a problem of an aging population and shortage of caregivers in the US. At the same time, we have this growing robotics market. According to the US Census Bureau, the older population grew by almost 40% from 2010 to 2020, reaching 55 million, which represents 16% of the total population. These seniors need care. Some of them need someone to watch over them even 24 hours a day. It can be a very difficult and expensive task if humans are involved.

Advanced gadgets and robots for monitoring and contact with seniors can be a big help here. I have a friend who actually started developing a startup where there was a camera tracking elderly movements, and it could actually tell whether an elderly person fell or something irregular happened, and it notified this person's relatives or caregivers. But that was several years ago before AI came in. I can see how this could be a huge idea now. Unfortunately, they gave up on that idea, but I feel like if they started this year, it could have cool potential, especially being acquired by a robotic company later on.

The use of AI in this context has potential to revolutionize elderly care by facilitating independent living while ensuring timely assistance and support when needed. This market has a valuation of $2.5 billion right now, but it's projected that it's going to grow to $8 billion in 2033. Remember how I told you to always choose a growing market? It's only going to grow.

Number 12: AI Drug Discovery. There is another exciting market that is being revolutionized by AI. It's actually the study and discovery of new drugs. The AI drug discovery market is experiencing significant growth, with the global market size valued at $1 billion in 2022 and expected to grow at a 30% rate from 2024 to 2030. An interesting example of the use of AI in drug discovery is the protein structure prediction tool AlphaFold. Researchers use it to identify hundreds of thousands of potential new psychedelic molecules, which could help develop new kinds of antidepressants.

The potential for AI to revolutionize the drug discovery process is evident, and the growing market size indicates a promising business model for companies operating in this space. We already see how AI analyzes X-rays and test results, and here we see an even deeper application of AI.

Number 11: Zero Waste Delivery Services. With the development of e-commerce activity and the growing population of online shopping, Americans are collectively spending over $1 trillion on e-commerce purchases in a year. The average American receives 3.5 packages per week. In my case, it's like three packages a day, which translates to approximately 182 packages a year. Just imagine how much packaging is used just to deliver things and then thrown away. You've probably seen this online where Amazon sends you something really small but it has to be in this huge box full of plastic bags, right? It is not environmentally friendly, but so far no radical solution to this problem has been found.

According to a report by Precedent Research, the zero waste packaging market size is predicted to reach around $4.6 billion by 2033, and its growth rate is around 9%. This growth is driven by the increasing demand for sustainable packaging techniques and the expansion of consumer goods business. There are also zero waste grocery stores. There is a lot going on in this space, so pay attention to it.

Number 10: VR Content. VR technology is advancing rapidly, especially given the wave of hype with Apple Vision Pro glasses right now. The VR content niche is still a bit empty. When I was trying Apple Vision Pro—we actually got a pair for ourselves but we couldn't return it—the thing is, one of the applications that I see is actually spatial video. But we don't have this content yet. So when you wear Apple Vision Pro, you can see some demos, but what if it's actual spatial video where you can kind of be in the same room with your kids? We don't have that content yet.

iPhone 15 can actually shoot that type of content, so my prediction is there will be a movement towards spatial videos, especially on platforms like YouTube and Netflix. For now, we only have the first version of Apple Vision Pro, but it's only going to get better and more convenient. So when many people have such VR glasses, there will be a need for some kind of new VR Instagram or YouTube. Two takeaways from here: you can either build your own platform, build technology that helps with VR videos, or you can start thinking of becoming a VR creator.

The VR content market size is projected to reach $3.1 billion in 2024 and grow at 46% to reach $20 billion by 2029. As a creator, I'm already thinking of creating those spatial videos just in case. Remember when 4K was introduced and how it was pushed by the algorithm? A lot of people who started shooting in 4K were surfaced by the algorithm. I think the same is going to happen very soon with spatial videos, once YouTube releases an app for Apple Vision Pro. There will be a growing demand for spatial videos, and you can be one of the first. Take this idea. I will take it for myself as well.

Number 9: Sustainable Fashion Rental Platforms. Clothing rental services are the future of the fashion world in my opinion, especially seeing how people use clothes. They put a dress on for Halloween, and then it's either waiting for the next Halloween or it's not being used at all. Especially with more and more people buying outfits for creating content, we see how much demand there is for clothes that could be worn one or two times.

A couple years ago, I talked about digital fashion. I invested in a startup called TruSense, which allows you to wear digital clothing. For now, there isn't too much application for it, but there is definitely a lot of application for rental services in fashion. One of the advantages of this business is that it's a subscription model, and subscription models always win because you can predict your demand and make your product stickier instead of constantly investing in marketing.

An example you can study for inspiration in this niche is Rent the Runway. They reported a revenue of $296 million for the fiscal year of 2022, which represented a 40% increase year-over-year. The company also announced that it had achieved a record high of 140,000 active subscribers in 2023, which is a 25% growth. Then they announced they were expected to make $330 million in 2023.

Here's a tip from me as a business owner. When I look at the market, I always try to see how much the biggest players are making. Because when you start a small business, you kind of aim to become like maybe 1% of a bigger business. So when you see companies like Rent the Runway, that kind of indicates that the market is mature, that it's growing, that there is demand. Because it's really hard to come up with something brand new. It's always easier to penetrate a market that already exists where you see the demand, and so you start growing with the market.

Number 8: Robots Store. We started this video with robots, and another business idea that I discovered is called a robots store. The thing is, robots are still in the early stages of development, and more and more of them are in demand. So we basically have something here in Silicon Valley, which is a specialized store that sells robots or some specific species of robots.

The way those stores make money is not about actually selling. They actually charge robot companies a subscription so that they can display their products in their stores. I think it's a genius business idea, especially now when people are willing to discover new technology but maybe they're not willing to buy right away. We've seen this with Apple Vision Pro—some people got it, but a lot of people just went to Apple Stores to schedule demos. The same is going to happen with all of the new developments in the robotics market, where ideally you come to a space where you can test all the robots and decide whether you want one or not.

The most popular robots right now are cleaning robots, robots for children, and articulated robots. Also very interesting types of robots are cobots, of course, and industrial robots and robots used for entertainment.

Number 7: Remote Health Services. I don't understand how in 2024, healthcare services are still so unoptimized and kind of inaccessible to a huge number of people, especially if we're talking about the US. You know how expensive it is, how inconvenient it can be to get treatment here. So of course, more and more people prefer remote visits.

I honestly have some doctors who are actually abroad because it's easier for me to communicate with them because I can't really communicate with our doctors here in the US. I have to go through the nurse, and they always tell me, "Oh, give us a 24-hour window to answer a question." Normally, because I have two small kids, I want an answer right now. Like, what's this rash? I don't want to go to urgent care. I just want a doctor to quickly look at it and say whether it's something urgent or not.

So because I couldn't find the right healthcare for my kids, I still have some doctors abroad who are willing to help me at any time of day, and it costs a fraction of what we pay here for insurance. Every time I do this, I think this could be a cool business idea for the US where you just contact a doctor. It's not like a service that connects you to a random doctor. There's this thing called concierge medicine here, and one of my friends has it. It's like $25,000 a year for you to be able to text your doctor. This is crazy. It's a top doctor and he has all of the connections, but still, I know that in other countries it's like $20 per call.

So this problem is slowly beginning to be solved by telemedicine and remote consultation services, but the demand still far exceeds the supply. The global remote healthcare market is projected to reach a value of $25 billion in 2030 and almost $40 billion in 2032, with annual growth of almost 20%. So look at it.

Number 6: AI Sales. Sales through AI is definitely one of the next big things that will change your business processes forever. Whoever takes over this market and offers the best AI sales automation solution will 100% win. AI can help prioritize personalization, analyze available information about prospects, and create targeted strategies that speak to their needs. It's not only about interaction with customers but also about finding the prospect.

The global sales intelligence market size was valued at $2.9 billion in 2022. This market is already $3 billion, and it's only going to grow.

Number 5: AI Tools Implementation Consulting. I just talked to my husband, and the new video tool Sarah has just been released. We've been talking a lot about what you do when AI is progressing at such a fast pace. We knew this was going to come out, but we thought it was going to come out in 2025 or 2026. I was talking to him and asking, what's the best course of action for regular people? I think the best course of action is to study whatever is trending in your market, in your niche. There is a market connected with that. It's called AI tools implementation consulting.

Basically, if you are the one who studies all the tools—like I can study all the AI tools for creators—you could later on consult independent creators or media companies on how they could implement AI tools and services in their business. Often, entrepreneurs and creators continue to spend thousands, sometimes millions of dollars on human labor because they simply don't understand that AI can already do the job.

I use Perplexity for research, I'm going to use Sarah for B-roll, we're using Midjourney for some thumbnails or some B-roll photos. Basically, an AI consultant analyzes the structure of a company and proposes a strategy on how to optimize through new AI tools. You might say, "But Marina, wouldn't there be another AI assistant who would consult you on how to use AI tools?" Honestly, I don't know. But this market is already $55 billion, and it's expected to grow to $450 billion in 2031.

Number 4: Consumer-Facing Business with Excellent Service. It's actually a consumer-facing business with excellent service, and I want to just inspire you guys if you're an offline person. You might think, "AI, robots—okay, but there are day-to-day things that are not fixed yet." Like, it's so hard to find a healthy place to eat. It's my personal pain that the US is so far behind European countries in terms of service. If there is a good restaurant or a beauty salon with beautiful interior, fine dishes, and excellent service at the European level, there is immediately full occupancy and prices are three times higher than average because the supply is almost non-existent and the demand is huge.

So please, if you want to open an offline business with excellent service, text me. I'm ready to be your first customer in the US. But I think we really, really need it. I feel like the US—I know it was initially a country where immigrants came to make money. They didn't care about porcelain mugs or plates. But honestly, I feel like we as a society are moving towards appreciating beauty, appreciating luxuries. I miss that.

I was talking to some of my friends, and they were comparing Ritz Carltons here in the US and in Europe. They said, "The devil is in the details. If you go to Ritz Carlton Paris, all of the dishes will be art. Here in Ritz Carlton, it's just something average." I never noticed that myself, but when they told me that, I started noticing those details.

Number 3: Drop Servicing. It's similar to dropshipping—you can outsource services to others and take commission on sales. When I say others, I also mean AI. This can be anything from graphic design, copywriting, virtual assistant, or video editing services to translation and much more. Great places to sell such services are Fiverr and Upwork.

I just started outsourcing my video editing to India. I found amazing people who started a company editing videos for American creators, and the price is unbeatable. It's still a growing market, and I'm pretty sure a lot of editors are using AI tools to make their job faster.

Number 2: Art Pancakes. This is a trend for 2024. Remember how Boba started taking over the Western world? Here's another idea from the East: art pancakes. They're popular food and entertainment from Thailand, which could be the next boba tea or take over the American market. It looks like a huge stove with a bunch of cans of colored dough, and kids can draw themselves a pancake and eat it. It's both delicious and fun. There are also pancake artists who can make real pieces of art out of the batter.

My parents live in Thailand and they've been living there for four years now. It's just incredible how many ideas we can take from Thailand to the US. The market for art pancakes is diverse, ranging from traditional handcrafted pancakes to technological innovations like 3D printed pancakes.

There's something that changed my life a lot in the past year. I'm already using AI's automatic video translation, video editing, and experimenting with video thumbnails that AI makes from scratch. Even though new services for creators are popping up every day, this market is still just starting out. The AI content generation market is expected to reach almost $6 billion by 2029.

There are still a lot of unmet needs—manual edits, Photoshop, etc.—and you can definitely carve out a niche for yourself. Products that started in this niche a couple years ago are now taking off in terms of users and revenue. For example, an app called Haen, which I use regularly, reached $1 million in annual recurring revenue in March, and in October they already made $10 million. That was 2023. When I first discovered them, I just loved their feature when they translated everything into a different language and it sounded super natural. The technology and the demand are there, so today they're making $18 million according to Forbes.

The next business idea is actually evolving from the first business idea that I just mentioned. This is actually creating an AI tool for your niche. My first business was Study Abroad, and my first initial thought when I saw the market was, "We need to create a platform to make it all standardized." Because every university had their own websites, catalogs, and brochures, and it was really hard to navigate in that world. My initial approach was, "Let's build a website that has everything."

What we realized in the process—and we've been there for like 10 years—is that we eventually stopped making this "Booking.com for study abroad experiences" just because AI came to the market. What we can do now is basically ask AI. We can create a chatbot where you ask, "What's the best university for me to study in? Do they provide scholarships? How much does it cost to study there? What are my chances?" You see where I'm going? You take your existing expertise and instead of building a whole website or a booking platform, you just build an AI chatbot.

There are so many tools out there. You can hire a developer for your business who's going to build that AI chatbot. But instead of building something really heavyweight, start utilizing AI chatbots in your industry. If I had to start our business all over again in 2024, the number one thing I would do is hire an AI developer to help me develop the chatbot that will help people with admissions.

This market is expected to grow remarkably at 36% from 2024 to 2030.

Business Idea Number 10: Anything Related to Connecting People Offline. There's been recently a research that most dating starts online, which is crazy, especially for me. I met my husband when we studied together. Like, seriously, did we ever see this coming, to this point where we meet as spouses online? But this trend is only growing. We meet our friends online and then hang out offline. We meet spouses online. Remember when we used Meetup.com to find local meetups to meet other people? This market has evolved significantly.

Some of my friends are building an app called Local.org, where you can organize events. But the thing is, there is such huge demand right now to connect with like-minded people in different locations. If you're a digital nomad in Bali—I don't know, you're traveling all the time—or maybe you're a family with kids who are traveling to different countries, create a community around whatever you're doing. It could be subscription-based. It could be a paid group within WhatsApp or Telegram or whatever. But basically, connecting a small group of people who are in the same situation as you are can be a great business in 2024.

I know I'm talking a lot about AI in this video, but we're in 2024. And what else do we have left to do? We have to focus on AI. This is a genius business idea. I actually saw my engineer friends train the ChatGPT app for their kid. They told ChatGPT that their kid likes this certain character they like to read stories about space, that right now they need to learn English language grammar, that they like this color, they like this food—they gave the app the whole background. Because they're engineers, they could kind of make it professionally.

So this AI chatbot replaced cartoons for that kid because now the kid interacts with ChatGPT and asks questions. But basically, what they ask ChatGPT to do is come up with a bedtime story when parents don't have enough time to come up with a professional story to captivate the kids' interest. Of course, it cannot replace child-parent interaction, but in order to make their free time more productive—because for example, my kids would just sit down and watch Nasty Nickelodeon like crazy—what if they could interact with a chatbot that will create stories for them on the go, suited for their particular needs?

These days, like, "Okay, I'm struggling to put my 2-year-old in a separate room. She wants to sleep with me in my bed. Can you come up with a story that will be great for a 2-year-old Lily? She likes this, this, and that. Can you come up with a story to help her transition into her own room?" Just think about that. This app could really help a lot of parents. Of course, you need to understand kids' psychology. You need to understand how to build AI, but this could be an app with huge, huge, huge potential.

Yesterday, I returned from Hawaii, and when I was exiting San Francisco Airport, I finally saw this billboard that I've been waiting for. Because I'm originally from Russia, and in Russia, they've been delivering healthy food to airports and railway stations for years now. I finally saw Uber delivery to Terminal 3. I was like, "Wow, okay, I need to explore that."

The thing is—and you know how reality works here in the US—you fly economy, you fly for 6 hours, you get crackers. Doesn't matter if you're traveling with kids, you're left with no food. What we normally do is start cooking food, and we have our nanny who helps us with that, but not all families can do that. So if you could come up with some kind of project that delivers healthy food to airports—because again, if you're traveling from San Jose Airport, does it have any healthy food restaurants? No, it doesn't. What I brought to my last flight were slices of papaya, buckwheat, cucumbers, and beef patties because I want to eat healthy on an airplane. I don't want to take a burger from a local restaurant with bad oils, etc.

Please come up with healthy food delivery to airports. Black kitchen, whatever—but that would be a great, great business. I think the hardest part in this business will be actually figuring out the delivery to the airport because there are certain regulations. But again, when you start, you start small and you figure that out on the go. So I think it's brilliant. I would personally use it.

By the way, the next business idea—I'm talking about this, but I'm so glad. Remember when I made those videos a couple years ago, three years ago? I told people, "If you started one of those ideas, please reach out because I'm happy to help." Someone actually reached out. They started a healthy food delivery by local people. So they're going to deliver a home-cooked meal to Los Altos, and the meal is going to be cooked somewhere locally by a family. Oh my goodness. Again, I know a lot of families here in the Bay Area who just don't have time to cook. They rely either on heating up frozen food, which is not healthy at all, or they rely on DoorDash deliveries, which is also not healthy.

What if you could just order from another local family? You know, Russian or Slavic—this is what I would do—or like Italian? You control the ingredients. You tell them not to use canola oil when they fry things. Organic meat, organic eggs. You come up with a list of requirements, and they cook for you. You support local people, and you also eat healthy. I'm glad this is coming to Los Altos, but I'm not sure it's coming to the whole America or to your country wherever you're watching from. Research that could be huge.

It's very operational, like super operational. You need to have a lot of skills in managing a lot of people, regulations, making sure their kitchens are clean, etc. But that could be a game changer for a lot of people. The global meal kit delivery services market size was $20 billion in 2022 and is expected to grow at a 15% rate from 2023 to 2030.

Okay, and since we're talking about kids and food, you know how focused I am on bringing the best business ideas from the outside world to the US. You probably know that if you've been watching me for a while. But basically, one of the things that I see a lot in other countries that is not too widespread in the US, and I think Americans would actually appreciate it, are restaurants with babysitters.

I am willing to pay extra $30 for someone to watch my kid while I'm having a romantic dinner with my husband. Yes, of course, you could have a nanny, but what if the kids don't want to stay home with a nanny? What if they want to go out with you? Why not have a special corner in your restaurant with a person who's there maybe from 5:00 to 9:00 p.m.? Doesn't have to be the whole day. But where you can either pay extra or maybe it's included in the service to leave your kids with that person?

I've seen that in Thailand. I've seen that in Dubai. I've seen that alone in Russia. And I see how many people come there with their kids. For you, it's higher check because kids are going to eat. You can charge a separate fee for a nanny. I know there's only one similar thing I've seen here in the Bay Area. There is a fitness club in Los Gatos, and they actually have a kids' room. When I saw that, I was like, "No way, no way. This is happening!" But this is a great, great, great thing to do. Either it's a fitness club with a kids' room, maybe it's a restaurant with a kids' room, maybe it's whatever art gallery with a kids' room. Think about the kids. Please. For some reason, I think America is very individualistic, and people are like, "You know, take care of your own stuff." But let's help each other with raising families. Please.

Business Idea Number 3: Home Organizing. I recently worked with a home organizer. She actually wrote a book and she's been in the industry for 10 years. Those people have pretty high rates, and they're actually very efficient. They charge from $200 to $375 per project for a single room or up to $5,000 per major home organization.

But I don't want you to just start this business and do everything by yourself. She has this whole network of people who took her course, learned her method. She has an affiliate program with Amazon and all of the stores where you can buy all the boxes and containers. She's developing this whole service that matches you with people in the industry. I think this is genius.

I think more and more people are trying to live more sustainably, recycle things. If you include selling those things for those people at a 50% commission, I don't mind if you come to my house and you say, "Okay, I'm going to sell these things for you on eBay, but I'm going to take 50%." I will just let you do that because I don't have time for that. My assistant charges $30 an hour, and you know, it's not going to be too efficient. But that kind of holistic service in home organization is going to have a lot of demand in bigger cities like New York, San Francisco, the Bay Area, Los Angeles, and in big cities in your country.

Number 2: An App or AI Chatbot That Helps You Find a Profitable Airbnb. We just recently bought a property in Hawaii, but I've been researching the market for a year. I've been going to Carmel. I've been touring a lot of counties here in California, only to find out the regulations are crazy and California is not the best market.

But when I was looking for information on YouTube, it was really hard to find anything. Only when I met a broker who only specializes on the Big Island was he able to tell me, "Yes, the economics are going to work. You're going to cover your mortgage with your Airbnb income." So we bought in the Big Island. Then I met a guy who specializes in Boca Raton, and he knows the areas. But what if I'm just starting out and I don't know anyone in the industry? How do I find out that area?

This could be both an app that tells you like, "Hey, these are the top 10 counties"—because you can find that information online—but they never talk about regulations. They talk about like, "Oh, LA is a great area for an Airbnb." Oh really? Like, if you look at the counties, almost everywhere it's prohibited, or there is such a restrictive limit that you won't ever become profitable.

So if there is an app where I say, "Hey, I have $200,000 for a down payment. I'm looking for an Airbnb where my mortgage is going to be covered by my income. Please find that area and please find specific houses," so you basically integrate Zillow, you integrate AirDNA, and you have an AI analyzing all of the local county rules—this could be a game changer for this market. You could be acquired by AirDNA. You could be acquired by Zillow, or you could just be a great standalone app. Please do that.

Business Idea Number 1: YouTube Channel Ownership. This is actually my favorite and something that I've started doing myself. I'm proud to say that I'm actually transitioning from just being in front of the camera to producing YouTube channels. We've recently launched several YouTube channels in the niche where I understand, but it's just amazing.

I know a lot of people want to be on social media, and you see how much YouTubers are making and how much everyone is talking about it. You know, faceless YouTube channels, etc. I wouldn't say it's an easy business idea, but if you understand the market—for example, I understand test taking and I understand there's a lot of free real estate on YouTube when it comes to tests—so we started doing that.

Basically, if you're an expert in something, you understand a certain area, a certain niche, and you don't want to be in front of the camera, learn how social media works. Find a person to be in front of the camera or create a faceless YouTube channel. Again, this is not the easiest idea out there. You have to have all the expertise. You have to understand how everything works, and you need to have some startup capital because you need to pay for editing. You need to pay that person. In our experiments, you need at least four to five months to become profitable with a channel. But again, I have 10 years of experience on YouTube and understand how it works, so it's going to take you longer. But I feel it's such a huge opportunity to occupy this free space on YouTube in your area of expertise without having to be in front of the camera.

Now let's proceed with another idea. Honestly, I'm actually exploring it myself. It's called UGC, user-generated content. Earlier on, it was so difficult for creators to make money because you either had to be a huge creator and work with brands all the time. The world is changing now, and you can make money as a creator without the actual following.

Here's how it works: brands need ongoing social media content to showcase their products, and it's really expensive for a brand to hire a model, hire a production team, write scripts, and create pieces of content for their social media. So they found a way to just engage with other people who can create content or review products to create those videos for them. They're willing to pay creators to film reviews, unboxings, or even viral videos featuring their products.

Apart from being paid, there is another advantage: products are being sent to you for free, and you get to keep them. In order to start creating user-generated content, you don't need much investment—just a smartphone with a good camera.

The ideal way to start this would be to pick several products in your house and try to film several videos. Get inspired by other creators who review products all the time. Try to create a video that you would consume by yourself, and create a profile on Instagram, for example, where you will post, let's say, 10 videos of you unpacking different products. Tag those companies. That's your first step. It's like your portfolio.

The next step will be signing up on platforms for UGC creators. I will name some platforms later in this video, but let's talk about making money. How much you can earn really depends on your current skills. I would say the average fees are $150 per video, $250 per video if you agree that the brand will be using this video as ongoing promotion. That could be $300 a month for ongoing payment. There are also several categories that tend to pay more, like reviewing alcohol or reviewing financial apps. Anyway, you have to sit down and explore. You have to sit down and learn the process of creating videos.

Here are some platforms to sign up for. Again, every platform is different depending on the need, and the terms are sometimes different. You sometimes just sell your videos for $150 and the brand does whatever it wants with it, so just be careful. But again, I'm super excited about this. I think it's another income stream for