Have you ever wanted to start a business but never knew what you wanted to do? Have always been behind trending business ideas?
We all know the thought of running your own business is exciting, but with so many failed startups, it can be scary to take that first step.
But don't worry. We have compiled a list of 54 of the best business ideas for you to consider in 2023. From online businesses to service-based industries, there is sure to be something here that sparks your interest and brings success to your future endeavors.
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After I finished my military contract, I started my first online business at the beginning of 2020 and was able to quit my 9-5 job because I decided to take the leap of faith finally. This allowed me to start making money from Google and other traffic sources.
My first business started in credit repair, and I took the credit hero challenge through Credit Repair Cloud. I've been able to fix hundreds and hundreds of people's credit scores, and now I can focus on my passions, like blogging and affiliate marketing, full-time.
What Are The Best Business Ideas To Start?
Throughout this guide, we'll discuss different industry ideas and what makes them successful. Here are a few examples to consider:
- Online Businesses
- Low-Cost Business Ideas With High-Profit
- Local Businesses
- Unique Businesses
Let's jump into our list of top business ideas for 2023.
Best Online Business Ideas
Starting a blog is one of my favorite business ideas because it allows creativity, flexibility, and unlimited income potential. Blogging provides relatively low startup costs, and trust me when I tell you I run this blogging business with less than 300 per month.
Content At Scale
As long as you have an internet connection, basic website skills, and master content writing and SEO, you can start a profitable blog in any niche, from cooking to finance.
My Best Blogging Resources:
I believe blogging is the right business idea, as you can monetize in many ways.
How blogging makes you money online:
- Ad Revenue
- Sell Online Courses
- Sell more from your online store
- Affiliate marketing
- Sponsored placements
- Freelance work
2. YouTube Channel
One of the best home business ideas is starting a youtube channel. With the rise of video content and social media, creating and sharing your own videos can be a great way to connect with your audience and earn money.
You can monetize your channel through ad revenue, sponsorships, or selling products or services related to your content.
I've been lucky to create credit repair content and earn a very high RPM with Youtube Adsense.
- Affiliate Marketing
- Create a membership community
- Super chats
- Live Streaming
3. Become A Digital Creator
As a digital creator, you can expand into different social media platforms and work for yourself or with other businesses that need content creators.
Let's review some good business ideas for digital content creation. You can take any of these digital marketing skills and apply them to multiple small businesses.
Start A TikTok Account
Posting on Tiktok can lead to many small businesses wanting to hire you as a full-time creator or for one-off projects. You can also monetize your account through Tiktok's partner program and brand deals.
Start An Instagram Account
Instagram is an excellent platform for short-form content and getting new eyeballs on your products or services. Work with brands as an influencer, sell your own merchandise, and use Instagram Stories for promotions and affiliate marketing.
Start A Pinterest Account
Pinterest is a search engine that allows users to save pins related to their interests, making it the perfect platform for businesses in the creative or lifestyle industries. Create visually appealing pins to drive traffic to your website or your own online store.
Publish YouTube Shorts
Youtube shorts are becoming a very popular source of traffic for any online business show that wants to grow its youtube channel. If you learn how to master this, you can help a small business grow without paid traffic.
4. Freelance Writing Business
Becoming a freelance writer as a business idea can offer the flexibility to work from home and earn a great income. You can specialize in various industries or write for various businesses, websites, and blogs.
I've personally hired many freelance SEO writers for my own blog and partner projects and have seen how profitable this business can be.
My Best Freelance Writing Resources:
Doing SEO for other webmasters is probably one of the best business ideas since organic traffic from Google is highly valuable. You can start a small agency or work freelance and help businesses improve their search rankings, driving more traffic and potential sales to their websites. Let's review some of the lucrative business categories within SEO.
Performing SEO audits for other bloggers is in high demand due to many new sites not knowing where to begin with their search engine optimization.
As an SEO audit expert, you can offer a one-time review or ongoing monthly services to help businesses improve their search rankings and drive more organic traffic.
Are you good at getting backlinks or understand email outreach? Offer your link-building services to businesses needing to build up their off-page SEO. This can also include creating killer content that will naturally attract links.
One of my friends makes over 10,000 per month doing link-building packages, and I know it can be scaled to even higher income with the right systems in place.
Good at writing? Start a content writing business and offer your services to businesses in need of high-quality blog posts, articles, and website copy. You can specialize in a specific niche or take on a variety of industries.
Start on-page for your own website and show off your knowledge by offering on-page optimization services for small businesses. This can include keyword research, meta descriptions, header tags, and more.
You can use Surfer SEO to help you with the content brief and semantic keyword research to make your job easier and more efficient.
My Best SEO Resources:
6. Graphic Design
Starting in graphic design is a very relaxed business idea for those who are into design. You can start small by offering to design logos for local businesses and eventually scale up to designing for larger companies as you build your portfolio.
I've seen many designers grow their portfolios by using platforms like TikTok to showcase their design skills to potential clients.
Starting a consulting business can lead you to many different industries and niches, giving you the freedom to choose what you specialize in. Offer your expertise and knowledge to businesses needing guidance in various areas such as marketing, business finances, HR, or operations.
What I love about consulting is you can either do a client in your own home or work at a physical location and focus on various industries or niches within the consulting world.
8. Social Media Manager
Working as a social manager has to be on our list of great business ideas, as social media is only growing in importance for businesses. Offer your services to manage various social platforms for small businesses or even larger companies.
You can specialize in specific platforms like Instagram, Facebook, or LinkedIn or offer a full-service management package for all their accounts.
Many small business owners don't know how to grow their social accounts, and that's where you can help with your social media strategy.
Providing copywriting services for others is probably something everyone should even if it's for your own benefit. You can charge a lot of money for good copywriting skills and sell your services to businesses needing compelling copy for their website, email campaigns, or advertising.
If you need help with copywriting, you can use an ai copywriting tool like Jasper AI to help you with the initial writing to save time and edit as necessary.
10. Sales Funnel Agency
Did you know you can create sales funnels for other businesses? Offering to build out sales funnels for online and offline businesses can be a great way to make some extra income and help them increase their revenue.
You can specialize in specific industries or offer funnel services for any business. And with systems like Clickfunnels or Karta, creating funnels has never been easier. Plus, they provide training and support for their platform to help you succeed.
11. Course Creator
Selling online courses is a great business idea if you have something to teach. You can offer courses in various niches, including business, personal development, and even specific graphic design or coding skills.
You can use platforms like Teachable or Thinkific to host your course and make it available for purchase by your audience. This is a great way to monetize your knowledge and expertise while providing value to others.
I personally think selling courses is one of the best business models and gives you the freedom to work from anywhere and the potential for passive income.
As a streamer, you can work your own hours and make money by entertaining and connecting with viewers on platforms like Twitch or YouTube. This is one of the more unique business ideas as you can specialize in various gaming categories or even general entertainment.
But starting out as a streamer can be tough, as building an audience takes time and consistency. You also have to be able to handle the potential criticism from viewers and keep up with new streaming technology and platforms. But it can be a fun and profitable business venture for those passionate about gaming or entertaining.
Stepping into the e-commerce industry, starting a dropshipping business can be a great option for those looking to sell products without having to deal with inventory or shipping.
You can partner with a supplier and list their products on your website or marketplaces such as Amazon or eBay. When an order is placed, the supplier will ship directly to the customer and you handle the marketing and customer service aspect.
This business idea does require some upfront investment for a website and marketing but can be profitable with the right strategy and effort.
Like dropshipping, you can outsource services for others and take a commission on the sale. This can be anything from content writing, virtual assistant services, or even video editing.
You can list your services on marketplaces like Fiverr or use a platform like Upwork to connect with clients and handle the project management. This is also a great business idea for those looking for flexible and remote work.
15. Sell Digital Products
If you can start to sell products online, why not start creating and selling your own? Digital products can include ebooks, courses, printables, and design templates. This is a great way to make some passive income as you continue to sell the same product repeatedly.
You can use platforms like Samcart or Etsy to list and sell your products to an audience who may be looking for something specific. And with the rise of the digital marketplace, there is definitely a demand for these types of products, and they can be profitable if done right.
16. Affiliate Marketing
Affiliate marketing was my successful business idea as it allowed me to make a consistent income from home and could be scaled over time.
As an affiliate marketer, you promote products or services for a company and receive a commission on any sales made. This can be done through your own blog or social media channels, and many companies with affiliate programs are available to join.
Finding the right products or services that align with your audience and provide value is important. But done correctly, affiliate marketing can be a great way to make a steady income from home.
Affiliate Marketing Resources:
Closely related to selling online courses, you can create a monthly membership program with exclusive content or community for your audience. This can be a subscription box, an exclusive Facebook group, or 1:1 coaching.
This business model does require consistently providing value to keep members engaged and willing to continue their membership. But it can also provide reliable and recurring income for your business.
18. Credit Repair
Starting a credit repair business allows you to help fix other people's credit scores by disputing with the creditor or collection agencies using the FCRA Laws.
What makes this business idea great is that you can get paid on a monthly recurring basis for each client that you sign up and most of the work takes only about 1 hour a month per client.
I started my own credit repair business at the beginning of 2020 and thankfully, I was able to leave my 9-5 job within a few months.
With credit repair becoming a hot topic, starting a credit repair business can be a lucrative option for those knowledgeable in the industry and able to provide valuable services to clients.
You can offer DIY resources or personalized one-on-one coaching to help individuals improve their credit scores. This may require some initial investment for marketing and writing a business plan, but can bring in a steady stream of clients looking for help.
Starting a credit repair business has many pros, but some cons as well.
When I first started my credit repair business I took the Credit Hero Challenge that allowed me to get my training and dispute certifications online.
Although starting a credit repair company can have some high upfront costs, you can always leverage credit repair software which can help automate the boring tasks like admin work.
Just make sure that you still take care of all your clients and referrals.
If you still want to learn more about starting a profitable credit repair business, read this full guide on how to start a Credit Repair Business Today.
Ever heard of Appsumo, the app that helps small business owners scale and launch their apps? With the rise of mobile technology, there is a high demand for new and innovative apps to solve everyday problems.
If you have experience with coding or are willing to outsource, starting an app development business can be profitable in a growing market. You can offer your services to individuals or businesses looking to launch
Whether its WordPress, Ghost, Webflow or Wix, there is a high demand for websites in the online world. Offering web design services can be a profitable business idea for individuals or businesses who may not have the time or skillset to build their own website.
You can specialize in certain industries or offer customizable templates for those looking for a simple and professional website solution. And as you continue to build a portfolio and gain clients, this can become a lucrative and in-demand service.
Video editing is one of the best small business ideas as more and more businesses, entrepreneurs, and influencers need help editing their video content.
If you have experience with video editing software like Final Cut Pro or Adobe Premiere, you can offer your services to create compelling videos for businesses or even create wedding highlight reels.
This may require some initial investment in equipment, but you can easily make your money after a few clients.
Best Offline Business Ideas
Let's move on to offline business ideas, as there are still plenty of opportunities to start a successful and profitable brick-and-mortar business.
Open A Barbershop
Cutting hair can be the best business to open in 2023 for many reasons, the foremost being that everyone needs a haircut. You can grow your client base through digital marketing strategies or word of mouth.
I have been cutting hair for quite some time now, and I can tell you that I still have repeat clients from many years ago.
And don't worry, you won't need to be afraid of losing your barbering career from AI or machines since cutting hair takes much more skill.
Starting a coffee shop business may not be the original idea, but it is still a profitable one. If you walk outside your local main street, you'll likely stumble upon at least one coffee shop.
But with creativity and an understanding of your target audience, you can set yourself apart from all the other cafes. Offer unique drinks or host events, such as live music or poetry readings to attract customers. And don't forget about turning it into a mobile coffee shop by offering catering services.
Starting a food truck business idea can be a great way to serve up delicious dishes without the overhead cost of a brick-and-mortar restaurant.
You have the freedom to move around and serve at different events or locations, allowing for more opportunities to gain customers. Plus, it's a fun and unique way to run a food business. Make sure you have all the necessary permits and licenses before starting.
Real estate is a huge opportunity for those looking to make a large investment. And with the rising housing market, it can be a profitable industry to break into as well.
You can become a real estate agent or broker specializing in property management, flipping houses, or even consulting services. Of course, this may require some initial investment and education in the industry, and let's discuss the perfect business idea categories:
As a property manager, you can offer services to individuals or businesses looking to rent their properties. This may include collecting rent, handling maintenance and repair issues, and finding new tenants.
This business idea requires some initial investment in software and education but can be a steady source of income with the right marketing and clients.
Fix and Flipper
Are you good with handyman services and some capital to invest in renovation projects? Then consider flipping houses as a business idea.
Buy undervalued properties, fix them up, and then sell for a profit. This takes some time and effort but can be a lucrative business venture in the long run.
Don't have handyman experience or capital, then consider becoming a wholesaler in the real estate industry.
This can be a great way to make real estate money without owning any property and you can use real estate wholesaling software to find distressed properties.
As a wholesaler, you will find undervalued properties and then sell the contract to another investor or rehabber who will actually complete the renovation project.
As you become a wholesaler and find these distressed properties you can increase the number of deals and make more income.
Real Estate Agent
The perfect small business idea for many, becoming a real estate agent can offer a stable career with plenty of growth opportunities. As an agent, you will assist individuals and businesses in buying, selling, or renting properties.
This may include showing properties, negotiating deals, and managing the paperwork and details of the transaction. It's important to have excellent communication skills and be knowledgeable about the real estate market in your area.
But with some education and training, this can be a successful business idea for those willing to do the work.
Starting a dog walking business may not sound like a lucrative business idea, but it can be surprisingly profitable. And it's a great option for those who love being around animals and don't mind getting some exercise.
You can offer your services to individuals in your area or even partner with pet stores or boarding kennels. Make sure you have all the necessary licenses and insurance before starting.
So if you are a pet lover, why not be your own boss and spend time with your furry friends?
Starting a landscaping business can be a great option for those with a knack for gardening and yard work. You can offer your services to residential and commercial clients, helping them maintain their lawns, gardens, and outdoor spaces.
I know many people who work for themselves and are proud small business owners in the landscaping industry. And with some education and training, it can be a profitable business idea with low startup costs.
Handyman services are always in demand, making it a great small business idea. Whether you have experience in home improvement or are willing to take some classes, offer your services to individuals and businesses in your area.
This can include fixing leaky faucets, painting, installing shelves, or even larger projects like remodeling a bathroom or kitchen.
It's important to either shadow someone or work under a different handyman before starting your own business, as well as having the right licenses and insurance. But with some experience and marketing, this can be a successful small business idea.
Having a cleaning business is definitely one of the successful small business ideas for many. Whether you offer residential or commercial cleaning services, there will always be a demand for your services.
Start by investing in the necessary equipment and marketing to potential clients. You may even consider offering eco-friendly or specialized cleaning services to stand out from the competition.
Do you enjoy cooking and hosting events? Then starting a catering business may be your perfect small business idea.
Offer your services for events, parties, and gatherings. Be sure to have a website or social media presence to attract potential clients and the necessary equipment and staff for larger events.
You can even manage a food truck business with catering services on the side for added income.
Doing personal and business finances for other successful small businesses can be a profitable business idea.
Consider offering your services to friends, family, or even local businesses. This is a much-needed skill as businesses need help with their billing and taxes.
Be sure to have a background in accounting or finance and the necessary certifications and licenses. And don't forget to continue your education as new tax laws and regulations come into play to stay ahead of the game for your clients.
While starting a car wash business isn't the best option, it can still be a great business idea with enough capital and location.
You can offer both exterior and interior car washing and detailing services to clients and package deals for a more lucrative business.
You can also succeed with mobile car wash services, traveling to different areas, or even offering your services at businesses or events.
The ATM business can be a profitable and low-maintenance small business idea.
You can partner with local businesses to have an ATM on their premises, receiving a portion of the profits from each transaction.
Before getting started, research the fees and costs associated with installing and maintaining ATMs. And don't forget about working with wholesaler ATM providers and the necessary insurance for your business.
Have you ever wanted to personal training business? This can be a great small business idea, especially if you have experience and qualifications in fitness and exercise.
You can offer your services to individuals or even partner with local gyms to offer group classes or personal training sessions.
I have friends who make a good living doing private coaching or even online personal training.
You can start a small business with event planning by offering your services for smaller events like birthday parties and baby showers before branching out to larger events like weddings or corporate functions.
Having strong attention to detail and networking skills is good, as you'll need to coordinate with vendors, venues, and clients.
You may also consider specializing in certain events, such as weddings or business events, to set yourself apart from the competition.
Notary Loan Signing Agent
an excellent small business idea is becoming a notary loaning agent. This is especially a great side hustle for those already working in finance or real estate, as you can offer your services to clients during off hours.
You will need to become a licensed notary and potentially take classes on loan documents and practices. But with the right education and marketing, this can be a profitable business topic.
Very Unique Small Business Ideas
Let's go over a few weird but unique business ideas. The key to success with these types of businesses is offering something that sets you apart from the competition.
One of the best business ideas that are unique but also in demand is candle making. You can sell your candles at local events and boutiques or even offer customized orders for special occasions.
But the key to success with this business idea is having unique scents and packaging options that set you apart from the competition.
Mobile Dog Grooming
As pet owners want to pamper their furry friends, Starting a pet grooming business can be a lucrative business idea. You can offer your services at the convenience of the client's home or even partner with local businesses to use their parking lot or yard space.
Dogs love it and their owners appreciate the convenience. Just be sure to have the necessary equipment and grooming skills before starting.
A small business private chef can be a great idea for those with a passion for cooking and an entrepreneurial spirit.
You can offer your services to individuals or local businesses, setting your own schedule and rates.
But the key to success with this business is having top-notch culinary skills and being on top of the latest food trends to offer your clients unique and high-end dining experiences.
Beach Setup Service
Are you good at setting up beach chairs and umbrellas? Then this unique small business idea could be for you.
You can offer your services to tourists or locals, setting up their equipment on the beach for a fee. Your niche will likely be romantic beach setups for couples, but you can also offer package deals for families or larger groups.
A home inspector is a great business idea as you can work your own hours and be your own boss.
As a home inspector, you'll inspect homes for potential buyers, checking for any issues that need to be addressed before closing a sale.
Normally, you can sell these services for $200+ per inspection, making it a profitable business idea.
Starting a clothing boutique is another great small business idea. You can source products from different vendors or even design and create your own clothing line to sell.
The key to success with this business is having a unique style and catering to a specific target market, whether it's an edgy fashion, vintage styles, or high-end boutique items. Many people start off on Etsy, and once they have a solid customer base, they create their own website.
Teach A Language
Have you ever wanted to teach a foreign language in your city or community? This unique small business idea can be incredibly lucrative, as there's a high demand for language lessons.
You can even offer your services online to reach a wider audience. Just be sure to have the proper certification or education in the language you want to teach.
Weird Business Ideas
Now let's review some of the weirdest business ideas out there.
Create Video Content Using Artificial intelligence
Well, it technically might be, but you aren't the one actually in front of the camera. With ai platforms such as deep fake software and AI writing tools, you can easily create video pieces of training for other businesses without showing your face. Companies like Synthesia.io can produce high-quality videos using AI avatars, and you can sell these services for a reasonable price.
Synthesia is an AI Video Generation Platform that allows you to create talking headshots with AI.
Selling Feet Pics
Believe it or not, some people make money selling pictures of their feet. You can advertise your services on social media or create a website to promote and sell your foot pics.
But the key to success with this business is having attractive feet and knowing how to take aesthetically pleasing photos that sell well.
It's funny to hear this, but you would be surprised how many people are interested in buying these photos.
Professional cuddling services
Yup, you read this correctly. Professional cuddling services have become increasingly popular, offering non-creepy and physical affection for clients.
The key to success with this business is having great interpersonal skills and setting clear boundaries with clients to ensure a comfortable and safe experience for everyone involved.
Starting a dating service can be a great small business idea for helping connect people.
You can offer your services through matchmaking events or even start a dating website where clients can come to you for help finding potential love interests.
But the key to success with this is understanding what people are looking for in a partner and effectively matching them with someone compatible.
What Makes A Good Business Idea?
Whether a small business idea or a considerable startup idea doesn't matter. What's important is that it meets a need in the market and can bring in profits.
What makes a good business idea is factored into these main topics:
- Solving a problem: Whether it's a personal or societal issue, your business should offer solutions to the struggles people are facing.
- Allowing for growth and scalability: Can your business expand and adapt as the market changes?
- A target market and customer base: Who will buy your product or service, and how will you reach them?
- Competitive edge: What sets your business apart from others offering similar products or services?
- Automation: Can you outsource or automate certain parts of your new business?
Once you've answered these questions, you should understand what makes a business worth starting.
Is Starting A Business Worth It?
Starting a small business can be a lot of work and require significant time and effort. But for many, the rewards are worth it.
Not only do you get to be your own boss and have control over your career, but you also have the potential to make more money and create something meaningful and successful from scratch.
It doesn't matter if you have your own ice cream shop or unicorn startup ideas. As long as you are passionate about your business and willing to work, starting a small business can be fulfilling and completely worth it.
My Experience Going From Business Idea To Full-Time Business Owner
I'm grateful to say that I experienced this firsthand. My business idea came from my love of reading and wanting to share that joy with others. So, I started a blog and created content for two years online before taking the plunge and turning it into a full-time business.
It took hard work, dedication, and lots of late nights. But now, I can pursue my passion daily and make a living doing what I love. And that, for me, makes it all worth it.
I now work for Adam Enfroy's blog growth engine and work with SEO projects.
FAQ: Business Ideas
So now that you know about small business ideas, whether online or offline, let's answer some frequently asked questions.
What Are The Most Profitable Business Ideas To Start?
The most profitable business ideas are the ones that have the potential for high profits. This could include industries like technology, luxury goods, and financial services.
However, it also depends on how well you market and manage your business. A small bakery could be just as profitable as a tech startup, if not more so.
How To Spot Business Trends
To spot early business trends, it's important to stay on top of current events and technological advancements. You can also research growing industries or markets and see where there may be gaps or opportunities for new products or services.
My favorite tools for this would be to use meetglimpse and explodingtopics to track rising search terms and trends on Google.
It's also helpful to network with other successful entrepreneurs and experts in your industry to get their insights on current or upcoming trends.
Are Business Ideas Worth It?
Yes, business ideas are completely worth it, especially if you want to become a small business owner and be your own boss.
Not only do you get to pursue your passion and potentially make a profit, but you also have the opportunity to create something meaningful and leave a lasting impact on others.
However, it's important to do thorough research and create a business plan before starting a business to increase your chances of success.
How To Create A Business Plan For Your Ideas
So you have all these new business ideas and want to create a plan for success. Here are some steps to follow:
- Identify your target market and research their needs
- Analyze your competition and identify unique selling points
- Set specific and measurable goals
- Outline your marketing strategy
- Create a budget and financial projections
Also, don't forget to review budgeting and finance resources, seek advice from successful entrepreneurs, and continually reassess and adjust your plan as needed.
Starting a small business can be overwhelming at first. But with the right planning, effort, and passion, it can also be extremely rewarding and worthwhile.
What's The Difference Between A Business And A Side Hustle?
The difference between business and a side hustle is that a business should already be established compared to a side hustle.
This can mean many different things, but a side hustle typically is when you're still working a job and create a second source of income for yourself.
When your side hustle makes more than your job, then you can really call this a business.
Can You Start A Business From Home?
Yes, starting a business from home is the best way to get started as you don't need much overhead and time.
I was able to start my credit repair business at my home office until I was able to get my own office. I'd recommend not to go all out and get an office just because you started your business, but to use a space in your home so you can write it off in your taxes.
How To File For Your Business Idea
Before I continue here, I am not an attorney or tax professional, but I have gone through the process of filing for two businesses so I have a good idea of how to file.
Now, It's really not hard but I did everything through ZenBusiness and filed my credit repair company as an LLC.
Once the paperwork was submitted, which they filed for me, It took 3 weeks to get my business incorporated as an LLC, and was ready to go get my business bank account. That simple...
Which Online Business Is Best For The Future?
ChatGPT and AI marketing offer a perfect blend of online convenience and cost-effectiveness with cutting-edge technology, making them among the best options available for businesses looking to start or remain competitive in the future.
Artificial intelligence will be the future of marketing and how a business operates.
The Best Business To Start In 2023
Starting a small business can be risky, but the rewards and fulfillment can make it worth it. It's essential to have a solid business idea and be willing to put in the effort and time to make it successful. And for me, being able to pursue my passion every day is what makes it all worth it.
My favorite low investment business idea is blogging, and more many reasons. Learning how to write content that ranks in search engines can lead you to so many opportunities.
I've worked with top content creators from this alone and started my own consulting business. Once you build up your blog, you can then focus on other content marketing strategies or invest in other profitable small business ideas.
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