Are you looking for a way to grow your wealth without spending hours and hours working? Businesses that run themselves are the perfect solution! Passive income can be generated from online businesses, rental properties, or franchises.
With these types of investments, you don't need to spend long days in an office; instead, it's possible to watch your money work for itself.
In this blog post, we will discuss what the best businesses that run themselves are, as well as some examples of them and their benefits. So if you're interested in learning more about passive income opportunities and receiving steady cash flow, keep reading.
- Video Creation
- A Self Storage Facility
- Merchant Processing
- Credit Repair
What is a Business That Runs Itself?
Businesses that run themselves require minimal input from the owner or operator. These types of businesses can generate passive income and provide financial freedom, allowing you to focus on other aspects of life. Examples include online businesses, rental properties, and franchises.
Overall, owning a business that runs itself provides many benefits, including residual income generation and financial freedom, making it an attractive option when considering alternative investment opportunities available today.
For example, I make money with Google by creating evergreen content that continues to generate income for me. I consider this as digital rental properties, I can receive monthly payments from affiliate offers without having to do any of the day-to-day maintenance or upkeep.
Businesses that run themselves can provide passive income and allow investors to focus on other areas of their financial life. Moving forward, we'll explore the various types of online businesses that can help you achieve this goal.
What Are The Top Businesses That Run Themselves?
Let's review a few online business ideas that can run on auto-pilot with a solid foundation.
Blogging is one of the best profitable business ideas to bring monthly cash flow without requiring a significant time commitment. Why? Because this business model can be outsourced to people around the world, and you can start making money within 6-12 months.
While a blogging business requires work and money upfront, it can start generating passive income, allowing you to invest in other profitable businesses.
Blogs can be created in any niche and generate income through advertisements, affiliate marketing, and sponsored posts.
2. Affiliate Marketing
Affiliate marketing is a great self-sustaining business for anyone who wants to work online and make money with minimal effort. This business model involves promoting and selling products from other companies in exchange for a commission.
You can do this on almost all social media platforms, but it works best through Youtube and blogging. You can then capture leads via email marketing and sell them affiliate products through your email list.
Essentially, with little or no effort, you can have your own business without creating products yourself.
While you still need to be present for youtube content, you can automate most of the post work, including editing and uploading videos.
You can also use tools such as TubeBuddy or VidIQ to help you optimize your content for SEO. This way, more people can watch and engage with your content, driving your website or blog traffic.
I would consider this business idea a semi-passive business since you can outsource other services and collect money through affiliates, sponsors, and digital products.
4. Payment Processing
Payment processing can become a profitable business that allows you to accept and process customer payments quickly. You can get access to payment gateways like Stripe, PayPal, and Payment Cloud that allow you to accept payments online easily.
Depending on the type of business you are running, you may be able to charge a fee for each transaction or offer discounts for bulk orders. High-Risk verticals can be a niche that you jump into and help set them up with a merchant account for processing payments.
This type of business can also be profitable by offering customers the convenience of processing their payments quickly and securely.
How is this a business that can run on auto-pilot? This will be B2B and B2C for the most part. You can set up a website, create an automated checkout process, and provide customer support through email or phone.
Automated payment processing also allows you to quickly accept customer payments and store them securely in your system. This makes it easier to track orders and manage customer relationships as well.
5. Membership Programs
Starting a membership program is a great way to generate residual income, which requires only day-to-day operations with little capital investment.
This type of business model has been popular among established businesses and hotel chains, which can offer members exclusive benefits such as discounts and loyalty programs.
As this idea has grown in popularity, so have the types of businesses offering membership programs, from car dealerships and restaurants to subscription-based services such as music streaming and book clubs.
Allowing customers to become members can result in more money for a business, as customers tend to be more committed than those who pay cash. Overall, membership programs are an effective way to leverage funds while taking advantage of today's trends.
6. Credit Repair Business
Starting a credit repair business can be one of the best businesses that run themselves for many reasons. You can help your local area and partner with small businesses to help repair credit.
The best part? This business idea can be fully automated using credit repair software and other online tools. You can also scale your business to target larger corporations, helping them fix their credit.
Of course, a service like this requires lots of training and expertise, but it's worth the effort.
7. Self-Publishing Author
Write a book, sell it as a digital copy or hardcover, and reap the rewards of becoming a self-publishing author.
You can create content about almost anything and turn it into a success. Many new authors are already taking advantage of this growing industry by creating original works and selling them online. Having an ebook-selling business with the right business plan can become of the smartest decisions for you.
While other businesses are struggling to sell, you can have your book on kindle and be proud of selling it. There's no need for expensive branding or marketing efforts, as your book will speak for itself.
8. Social Media Management
Out of all these businesses that run themselves, social media marketing may not be the most hands-off. However, it can be lucrative. Social media management involves creating, curating, and managing content to bring in followers and leads for your clients.
As a social media manager, you can work with brands and influencers on campaigns to get the most out of their social media presence.
Now the good thing is that you can white-label other social media marketing companies and get clients. You don't need to do all the heavy lifting yourself, as you can outsource it to a third-party service provider or an agency. Of course, having some knowledge of social media and tools like google analytics is necessary.
9. AI Writing Agency
Starting an AI article-writing service is also an option for content creators. This agency uses algorithms and artificial intelligence to create unique, engaging content at scale with minimal effort.
Many website owners and small businesses will be willing to pay for automatic blogging. AI-based writing services optimize the accuracy and quality of content while minimizing the cost of producing it.
In order to outsource this yourself, you can hire a freelance writer to leverage ai blog writing software or do it yourself.
10. Create Chrome Extensions
If you're a software development lover, then you build chrome extensions. Chrome extensions are becoming increasingly popular as they provide an easy way to extend the functionality of Google's browser.
With this in mind, you can create a chrome extension that provides useful features for users who visit your website or use web services, such as embeddable widgets, search engine optimization (SEO) tools, or social
You can really pick any niche and create a chrome extension that solves their issues, and all you need to do is manage the development process. You can also outsource all of the development to a qualified software team, and they will take care of developing your chrome extension. At the same time, you can focus on other tasks, such as marketing and user support.
11. eCommerce Business
With an eCommerce business, online stores are easily accessible and ever-evolving with technical developments. This business model can give you financial freedom and complete control over online sales operations.
Products, pricing, and marketing strategies can all be managed online without involving third parties. The online platform also makes it incredibly simple to check online traffic data, which can make adjustments easier depending on user analytics.
For a true asset to your business, an online store is certainly worth exploring!
Now let's review business models that are local or offline.
12. ATM Business
With ATM business owners, there is no need to hire staff or be around for daily operations. All that needs to be done is setting up high-traffic locations and maintaining their machines. It's a low-maintenance effort that can prove to be quite lucrative.
As long as there are high numbers of customers in high-traffic areas such as malls, airports, and universities, ATM owners will have a high chance of success.
Not only can you make sure only high-quality services by using state-of-the-art technology, but you can also run a profitable business with minimal effort.
13. Vending Machine Business
Starting a vending machine business can be an extremely attractive business idea for any beginner entrepreneur. It requires little to no specialized knowledge and allows someone to make money with just a few vending machines.
The vending machine route takes some effort to get started. It involves locating vending machines, filling them with products, and tracking inventory and sales. While it may sound complicated, much help is available regarding profit calculations, operational procedures, and marketing tactics that can make setting up one’s vending machine route much easier.
With little capital outlay, a consistent maintenance schedule, and a reliable source of income, vending machines can offer a great opportunity for individuals to own their own businesses without too much stress.
14. Real Estate Business
Real estate offers many different opportunities, from investing and selling to leasing and managing.
Investing can be a great option for those looking to get their feet wet in the real estate industry, as it requires minimal capital outlay and doesn’t require you to own physical property or manage tenants. Investing in properties can earn residual income while also building equity over time.
You can find torn down properties using a real estate wholesaling app that can identify good deals and allow you to buy properties that have the potential for huge returns on investment.
Leasing and managing properties is another option for real estate entrepreneurs, as it requires a larger capital outlay but also comes with higher rewards if done right. You can find tenants by marketing your property in popular rental sites or through focused social media campaigns
You can hire a property manager or a service to oversee the leasing and management of your real estate investments. This can be a great option for those who want to own rental property without having to take on the day-to-day responsibilities associated with it.
15. Rental businesses
Providing rentals for different situations can be one of the best low-maintenance business ideas. Rental opportunities could include renting out a piece of heavy equipment or tools or offering vacationers a house.
With the right resources, rental businesses can easily make residual income without having to do much manual labor. Also, landlords and homeowners can benefit from investing in rentals as they get a steady income that requires minimal effort.
Because many rental businesses are available, it’s important to research before investing in one. Additionally, consider local laws and regulations that may affect your ability to run a successful rental business.
You can build:
- Self-storage facilities
- Billboard Space
- A Private Parking Lot
- Property Lending
My favorite is owning a storage facility. You get to rent out the spaces to collect income while also selling storage units and packing supplies as added revenue. With a private parking lot, you can regulate who is allowed in and when they can access it. Additionally, you get to set the price of your space rentals, which allows for more flexibility to make a profit.
16. Laundromat Business
Owning a small business such as a laundromat allows you to get a steady income from your customers. To make money, you can add additional services such as dry cleaning, alterations, and laundry delivery.
Additionally, you must be aware of certain regulations when running this type of business, particularly around safety and health standards. This means it’s important to research and understand the local regulations for running a laundromat business.
17. Car Wash Business
A bay automatic car wash business is a great way to save money while still getting top-quality results. Unlike standalone car washes, bay systems are typically attached to a single structure, making them much more cost-effective and less labor-intensive.
Plus, owning bay automated car washes provide a level of convenience that cannot be found with manual units, as customers can drive into bays and have enough space for larger vehicles. Some bay automatic car wash systems even include advanced technologies like soft-touch brushes and air dryers for enhanced plushness and quick drying times.
All these benefits make bay automation an excellent choice for anyone looking to start their own car wash business with almost no effort.
18. Bakery Business
A bakery business that runs itself is a great way to own your own business and maintain a steady income stream. Many people dream of this type of venture, as it allows them to own their hours and completely control the financial side of things.
With the right resources and planning, a small bakery can be a successful business with minimal effort. Working with local farmers for ingredients, setting up online ordering systems for customers, and distributing products through grocery stores or local markets are all ways to increase profits.
Once set up properly on solid foundations, a bakery business can easily become cost-effective and efficient, allowing you to focus on what truly matters - baking delicious treats that your customers will love.
- Bounce house business
- Automatic Car Wash
- Billboard rental business
- Pet Grooming service
- FedEx route business
FAQs truck about Businesses That Run Themselves
What business can you run by yourself?
One business that can be run by oneself is a financial consulting service. This could involve advising on investments, retirement planning, budgeting, and other personal finance topics.
It could also include helping clients develop strategies to grow their wealth and manage their finances more effectively. Additionally, this business could provide education on alternative investments such as real estate or cryptocurrency.
With the right knowledge and resources, anyone can become an independent financial consultant with the potential to generate significant income over time.
What are the easiest businesses to run?
The easiest businesses to run depend on the individual's skillset and resources. For those with limited time, a service-based business such as consulting or freelance work may be ideal.
Those with more capital can consider starting an online store or eCommerce business. For those who prefer physical products, dropshipping is a great option that requires minimal effort and upfront costs.
Whichever route you choose, make sure it aligns with your goals and interests so you can stay motivated in the long run!
Can a business run itself?
No, a business cannot run itself. It requires the input of knowledgeable and experienced individuals to make decisions that will help it grow and succeed.
Without proper management, resources, planning, and oversight, a business can quickly become inefficient or even fail altogether. Understanding financial markets, investments, and other economic factors are essential for any successful business venture.
Additionally, having a strong team of employees and partners who can provide guidance and support is essential for any business to succeed.
In conclusion, businesses that run themselves are a great way to generate passive income and grow your wealth. Whether you choose an online business, rental property, or franchise, each option can provide financial freedom if managed properly.
With the right amount of research and planning, owning a business that runs itself can be a rewarding experience with many benefits.
Are you looking for ways to set up a business that can run itself? Are you interested in learning more about personal finance and high-value skills so that your money works harder for you?
Here, I provide step-by-step guides on setting up automated businesses and resources to help make informed decisions regarding personal finance and business. Take control of your future today with our free tools and advice.