Have you ever heard of the term “boring businesses”? It may sound like an oxymoron, but these are actually businesses that are considered unexciting or uninteresting to most people. They are often behind-the-scenes type businesses that provide essential services or products, but aren’t well-known or talked about.
In this blog post, we will provide a brief on boring businesses and why they’re worth investing in. We’ll also answer some frequently asked questions, such as where to buy boring businesses, what are some boring business ideas, and how you can make money from them, including insights from Codie Sanchez. So, read on to discover the world of boring businesses and why they might just be the key to your next profitable venture.
What Exactly Are Boring Businesses
If you’ve ever worked in or owned a business in a boring industry, you know how difficult it can be to make it interesting. But what exactly are boring businesses? Let’s take a closer look.
Common Characteristics of Boring Businesses
Boring businesses are typically those that sell products or services that are seen as uninteresting or mundane. These may include:
1. Office Supplies
Pens, pencils, paper, and other office supplies may be essential to running a business, but they are hardly exciting. After all, who gets excited about 3-ring binders?
2. Accounting Services
Even though accounting is essential to any business, not everyone is thrilled about crunching numbers all day. It’s one of the most boring businesses for sure.
3. Insurance Companies
When it comes to insurance, most people only think about it when they need it. Otherwise, it’s not the most thrilling topic of conversation.
4. Funeral Services
This type of business hardly needs an explanation. While it’s important to have someone handle the arrangements after a loved one has passed, most people would rather not think about it until they have to.
What Makes Them Boring
The reason these businesses are considered boring is that they often lack excitement, innovation, or any catchy buzz.
These businesses struggle with making their products or services interesting and attractive to their potential clients; and because of this, they often have to get creative with their marketing tactics to appeal to consumers.
How to Make Boring Businesses More Interesting
If you’re in one of these businesses, you may have to think outside the box to create an intriguing brand and grow your customer base. Think about unique ways to add an extra spark to your offerings.
For example, insurance companies may start offering unique policies like alien abduction insurance (seriously, it’s a thing). Office supply stores may hold art contests for creative use of their products.
Innovation, originality, and creativity are key to making these businesses stand out from the crowd.
In conclusion, while these businesses may be considered boring, they are a crucial part of our economy. With creativity and innovation, even the most mundane businesses can become interesting and potentially successful.
What Makes a Business Boring
As the saying goes, “beauty is in the eye of the beholder,” and the same goes for the excitement factor of businesses. What may be boring to one person can be fascinating to another. For instance, some people find accounting thrilling, while others would rather watch paint dry. However, there are certain businesses that the vast majority of people would consider boring. So what makes a business boring?
Lack of Innovation and Creativity
One of the most significant factors that contribute to a business being dull is the lack of innovation and creativity. Businesses that do the same thing over and over again without trying to improve or come up with new ideas can turn out to be uninteresting. Take dry cleaning, for example. The process has remained the same for years and has not undergone any significant changes.
Repetitive Tasks
Doing the same thing repeatedly can result in monotony, which leads to boredom. It’s hard to stay motivated and engaged when you’re doing the same task day after day. Certain businesses, like data entry and assembly line work, require employees to perform repetitive tasks. These businesses have a higher risk of boredom.
Casual Dress Code
While a casual dress code may seem like a perk to some, it can contribute to the downfall of excitement in the workplace. There’s something about dressing up that can make you feel more confident, professional, and ready to take on the day. Many boring businesses have a casual dress code, which can contribute to employees feeling uninspired.
Lack of Social Interaction
Humans are social creatures, and we crave interaction with others. Businesses with a lack of social interaction can contribute to boredom. A perfect example is working from home. Many people love the idea of working from home. However, one of the biggest downsides can be the lack of social interaction that comes with it.
In conclusion, several factors can make a business boring. Whether it’s a lack of innovation and creativity, repetitive tasks, a casual dress code, or a lack of social interaction, it’s essential to keep things fresh and engaging to prevent boredom.
Where to Find Boring Businesses
So, you’re on the lookout for some boring businesses? Well, you’re in luck, my friend. Here are a few places where you can find them:
1. Business Brokers
Business brokers are a great source for finding boring businesses. Since they deal with the buying and selling of businesses all the time, they know where to look for the ones that might not be the most exciting, but could turn into a profitable investment.
2. Classified Ads
Check out the classifieds section in your local newspaper or online on websites such as Craigslist. You might find a business that may not be the most exciting one out there but it could turn out to be a steady income stream.
3. Industry Associations
Joining industry associations might be a good option for you. Not only will you be able to network with people in your industry but you could also find a potential business opportunity. Being a part of an industry association shows that you’re serious about the business, and could allow you to enter into the world of boring business owners.
4. Auction Websites
Auction websites such as eBay, Liquidation.com or govdeals.com could have interesting opportunities for you. You might be able to find a boring business to purchase through these websites at a bargain price.
5. Bankruptcy Sales
Unfortunately, there are businesses that do not succeed and end up having to file for bankruptcy. You could look into attending bankruptcy auctions or contacting the bankruptcy trustee to inquire about buying the business. It may be a little risky but it could be worth it if you find the right business.
Now that you know where to buy boring businesses, it’s time for you to start hunting! Remember, boring doesn’t always mean unprofitable. Keep your eyes open and be ready to seize any opportunities that come your way. Who knows, maybe you’ll be the next successful owner of a boring business.
What are Boring Business Ideas
Let’s face it, some business ideas are just plain old boring. Nobody really wants to spend their days crunching numbers or doing paperwork for hours on end. But, if you’re determined to start a business and make a living, you might have to suck it up and consider one of these boring business ideas:
Accounting
If you enjoy working with numbers and analyzing financial data, then accounting might be the perfect boring business for you. You can specialize in taxes, bookkeeping, or auditing depending on your interests. Just be prepared to spend most of your time in front of a computer screen, staring at spreadsheets and receipts.
Insurance
Insurance is one of those things that everybody needs but nobody really wants to think about. As an insurance agent, you’ll spend your days explaining policies, answering questions, and filing paperwork. It’s not the most exciting job in the world, but it can be lucrative if you’re good at it.
Janitorial Services
Cleaning up other people’s messes might not sound like the most exciting job in the world, but it’s a necessity that can pay the bills. Whether you’re cleaning offices or residential homes, you’ll spend your days scrubbing floors, vacuuming carpets, and taking out the trash.
Lawn Care Services
Lawn care is another business that may not be exciting, but it’s definitely in demand. If you have a green thumb and enjoy working outdoors, then this might be the perfect business for you. You’ll be mowing lawns, trimming hedges, and planting flowers all day long.
Copywriting
Copywriting may sound exciting, but the reality is that a lot of it involves writing about boring topics like insurance policies and banking regulations. If you’re a skilled writer, though, you can use your skills to make even the most mundane topics interesting.
Data Entry
If you’re a fast and accurate typist, then data entry might be the perfect boring business for you. As a data entry specialist, you’ll spend your days entering data into spreadsheets or databases. It might not be exciting, but it can be a good way to make money from home.
In conclusion, boring business ideas can be just as lucrative as exciting business ideas, if not more so. If you’re willing to put in the work, you can make a good living from any of the above-listed businesses. Who knows, you might even discover that you enjoy the boring aspects of running a business.
Why Invest in “Boring” Businesses
You may be surprised to learn that so-called “boring” businesses can actually be some of the most lucrative and stable investments. While flashy tech startups and trendy lifestyle brands tend to get all the hype, those in unglamorous industries like waste management, insurance, or utilities can offer investors long-term returns and predictable revenue streams. But what exactly makes these businesses “boring,” and why should you consider investing in them? Below, we’ll explore the benefits of investing in these unconventional industries.
Stable, Predictable Revenue
One of the primary advantages of investing in “boring” businesses is the stability of their revenue streams. While tech startups and other high-risk ventures may have the potential for explosive growth, this growth is often unpredictable and can be quickly derailed by market changes or shifts in consumer behavior. In contrast, industries like waste management or electric utilities may not be as exciting, but they provide essential services that are always in demand, regardless of economic conditions. This predictability and stability make these businesses ideal for investors looking for a more conservative investment strategy.
Resilience in a Downturn
In times of economic uncertainty and market volatility, “boring” businesses are often a safe haven for investors. When consumers are tightening their belts and cutting back on discretionary spending, they still need to take out insurance policies, pay their utility bills, and dispose of their garbage. This means that these industries tend to be less susceptible to economic downturns and can weather recessions better than other sectors. As such, investing in these types of businesses can be a wise choice for those looking to reduce their overall investment risk.
Opportunities for Growth and Innovation
While they may not be as sexy as the latest Silicon Valley startup, “boring” businesses are not without their own opportunities for growth and innovation. In fact, many of these industries are ripe for disruption and technological advancement. For example, waste management companies are increasingly using sophisticated data analytics and AI to optimize their operations and minimize waste, while insurance providers are exploring new ways to leverage blockchain technology to improve the claims process and reduce fraud. By investing in these businesses, you can be at the forefront of these cutting-edge developments and reap the benefits of their continued growth and profitability.
In summary, “boring” businesses may not have the sex appeal of the latest tech startup, but they can offer investors stable, predictable returns, resilience in times of economic uncertainty, and opportunities for growth and innovation. So the next time you’re considering where to put your money, don’t overlook these unconventional industries – they just might surprise you.
How Codie Sanchez Makes Money
If you’re in the business world and don’t know Codie Sanchez, it might be time to crawl out from under whatever rock has been keeping you in the dark. Codie is a force to be reckoned with and isn’t afraid to take on the most boring businesses around. But how does she make her money?
Investments and Consulting
One of the main ways Codie makes her money is through investments. She’s a partner at Entourage Effect Capital, a firm that invests in the cannabis industry. But it doesn’t stop there. She’s also an investor in startups and other businesses. Codie has a diverse portfolio and knows how to spot a good investment opportunity.
In addition to her investments, Codie also offers consulting services. She’s worked with companies across various industries, from finance to technology. Her experience and expertise make her a valuable asset to any organization looking to grow and succeed.
Speaking Engagements and Education
Codie is a sought-after speaker and regularly shares her insights and knowledge on various topics. She’s spoken at events and conferences all over the world, and her talks are always well-received. She also runs her own education platform, where she offers courses and workshops on a variety of topics, including entrepreneurship, investing, and more.
Writing and Content Creation
Codie is also a prolific writer and content creator. She writes regularly for publications such as Forbes and Business Insider, sharing her insights and opinions on various topics. She’s also the host of the “The Struggle Isn’t Real” podcast, where she interviews entrepreneurs and business leaders about their experiences and lessons learned.
So, there you have it. Codie Sanchez is a force to be reckoned with in the business world, and she’s not afraid to tackle the most boring industries around. Her investments, consulting, speaking engagements, education, writing, and content creation all contribute to her success and demonstrate her expertise. If you’re looking to make it in the business world, take a page from Codie’s book and don’t be afraid to take on the tough challenges.
Boring Businesses for Passive Income: The “Set it and Forget it” Approach
Passive income is the term that gets thrown around a lot these days. And it makes sense why anyone would want it. After all, who doesn’t want to make money while sleeping, right? But let’s face it; not everyone is cut out for developing exciting new products or services to earn passive income. For some of us, boring businesses are the way to go. Here are some of the most popular boring businesses for passive income:
1. Property rentals
Even though renting properties isn’t for everyone, it could be a passive income goldmine for some. Sure, being a landlord isn’t glamorous, but it’s a lucrative way to earn passive income without having to leave your own home. You could invest in properties and rent them out, or you could even rent out space in your own house.
2. Peer-to-Peer Lending
If becoming a bank doesn’t sound boring, we don’t know what does. But if you’re willing to put your money where your mouth is, you could potentially earn a decent return on investment through peer-to-peer lending platforms. Sure, there are risks involved, but if you’re willing to do your homework, lending money could be a decent way to earn passive income.
3. Vending Machines
Who says vending machines have to be boring? Sure, it’s not the most exciting business idea out there, but it could be profitable. Find a location that’s on the go, and voila! You could have a steady stream of income coming in without ever having to lift a finger.
4. Dropshipping
If you’re looking for a way to earn money without ever touching a product, dropshipping might be for you. This business model allows you to sell products without ever having to keep inventory in stock. Once a customer places an order, you order the product from a supplier, who then ships it directly to the customer. With this strategy, you could earn a decent profit without ever having to leave your couch.
5. Book or Music royalties
Have you ever thought about writing a book or recording music? Well, even if you haven’t, you could still earn passive income from royalties. Sure, writing a book or recording music isn’t easy, but once it’s done, you could earn money from it for years to come.
Conclusion:
Passive income doesn’t have to be boring, but for some, it’s the perfect solution. By investing in one of the above options, you could create a steady stream of income without having to work too hard. Just remember, even though these businesses may seem boring, they still require effort, persistence, and dedication to be successful. In the end, if it pays off, it’s all worth it.
Boring Businesses That Are Surprisingly Profitable
When it comes to starting a new business, many people dream of becoming the next big tech company or launching an exciting new product. But what if you’re not the next Elon Musk, and you don’t have any new, revolutionary ideas? What if you’re looking for a business that’s a bit more boring but still profitable? Well, good news: there are plenty of boring businesses out there that can be very lucrative. Let’s take a look at a few examples:
Accounting
Let’s be honest: accounting is not the most exciting field. But if you have a head for numbers and enjoy finance, starting your own accounting business could be a smart move. Many small businesses and individuals need help with their taxes and bookkeeping, and they’re willing to pay good money for it. With low overhead costs and a high demand for services, accounting can be a surprisingly profitable business.
Waste Management
Another not-so-glamorous industry is waste management. But someone has to dispose of all the garbage we produce, right? And waste management isn’t just about picking up trash; it’s also about recycling and repurposing materials. With a growing focus on sustainability and eco-friendliness, waste management could be a profitable business that also helps the environment.
Laundry Services
Hear us out on this one: doing laundry might not be the most exciting task in the world, but it’s a chore that everyone has to do. Busy professionals and families might not have the time or desire to do their own laundry, so starting a laundry service could be a profitable idea. Plus, with the rise of eco-friendly cleaning products and technologies, laundry services can be eco-friendly too.
Pest Control
Nobody likes pests, whether it’s ants in the kitchen or mice in the walls. But dealing with pests is a necessary evil, and many homeowners and businesses are willing to pay for professional pest control services. With the right certifications and equipment, starting a pest control business can be a profitable and in-demand venture.
Don’t let the “boring” label fool you: these businesses can be just as profitable (if not more) than exciting, new ventures. Accounting, waste management, laundry services, and pest control are just a few examples of boring businesses that can make you lots of money. The key is finding an industry you enjoy and finding a unique niche or angle that sets you apart from the competition. So, don’t be afraid to embrace the boring!
What Business Can You Start Without a Lot of Money
Let’s face it, not everyone has a ton of money to invest in a business. But that doesn’t mean you can’t start a profitable business. Here are some great business ideas for those who are short on cash:
Freelance Services
If you have a skill set, it’s likely that someone out there is willing to pay for it. Consider offering your services as a freelancer. Whether you’re a writer, graphic designer, or developer, there are clients who need your skills. Websites like Fiverr and UpWork are great platforms to find clients.
Online Store
Thanks to platforms like Shopify and Etsy, starting an online store has never been easier. All you need is a product to sell and a little bit of creativity. You can sell anything from homemade crafts to digital products.
Social Media Management
If you’re a whiz at social media, consider offering your services to small businesses. Many business owners don’t have the time or expertise to manage their social media accounts. Offer to do it for them and watch your business grow.
Pet Services
If you’re an animal lover, there are plenty of pet-related businesses you can start. From dog walking to pet sitting, there’s always a need for these services.
Cleaning Services
Cleaning may not be the most glamorous job, but it’s always in demand. Offer your cleaning services to homes and businesses in your area.
Tutoring Services
If you’re knowledgeable in a certain subject, consider offering your services as a tutor. You can tutor students in person or online.
Event Planning
If you’re organized and love planning parties, consider starting an event planning business. Whether it’s weddings or corporate events, there’s always a need for event planners.
Starting a business doesn’t have to be expensive. With a little bit of creativity and hard work, you can start a profitable business with little to no money. Consider these business ideas and see which one works best for you.
