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re: Best business ideas that require little day-to-day management or supervision.
Posted on 1/23/25 at 4:41 pm to Lakeboy7
Posted on 1/23/25 at 4:41 pm to Lakeboy7
quote:
I highly recommend the video poker business.
Could be.
I believe you need to be licensed as an operator/distributor to buy the machines and place them in locations in Parishes that allow video poker.
Think bars or restaurants with separate bars that three machines can be installed but screened off from public (read children in the restaurant) view.
Or, you could build an addition to a gas station that sells a minimum volume of gasoline per month (or year?) and install 50 machines in what is loosely called a “truck stop”.
Most locations are usually already under contract with local “operators”, usually gaming or amusement companies that also install cigarette vending machines, pool tables, jukeboxes, pinball machines, and video poker machines.
If you can get licensed and pass LSP scrutiny, buy some machines, scrounge up a location or two, you’ll also have to contract with a company who can run some fiber optic cable to link the machines, 3 or 50, to a Louisiana State Police mandated cluster controller, at each location, that allows the LSP to poll the machines daily to measure monetary intake and payouts and if and when the machines have been serviced, opened, or tampered with. You’ll also have to pay a monthly charge for a one way telephone circuit to allow the LSP to monitor each cluster controller.
With all that, if you can get a good location or two to put your machines, it’s good passive income.
Posted on 1/23/25 at 5:21 pm to sidewalkside
Find a storage facility for sale. you could find one around 30,000 feet for about 1.5 mil. 500,000 down, hire one employee. should generate around 125,000+ a year. We own 6 and mailbox money is great.
Posted on 1/23/25 at 5:49 pm to Riseupfromtherubble
quote:
You build some climate controlled kennels and you've got a money printer. The birth rates are declining and people want to show their designer dogs on social media. This generation of pets is the most spoiled in history.
True, it is insane what people will spend their pets. Set up the right pet services business and it would be like printing money. Some people will waste money on anything.
Posted on 1/23/25 at 6:15 pm to Ponchy Tiger
quote:
it is insane what people will spend their pets.
I've long though the key to getting rich is not to build a better mousetrap. It's to sell a product or service where people are totally irrational about handing over their money: pets, porn/sex, and religion are at the top of the list.
Posted on 1/23/25 at 6:48 pm to Twenty 49
quote:
I've long though the key to getting rich is not to build a better mousetrap. It's to sell a product or service where people are totally irrational about handing over their money: pets, porn/sex, and religion are at the top of the list.
A service picking up dog poop can be very lucrative. Of course you’ll need some place to dump it. Or you can bag it up and tell people it’s cow manure.
Posted on 1/23/25 at 6:51 pm to sidewalkside
Storage units are printing money with no effort
Posted on 1/23/25 at 7:14 pm to sidewalkside
I had a vending route with 6 machines and 3 sites. Sold it during Covid. It was bringing in about a $1000 a month before Covid. Sold it to finance my latest business. I usually spent 3 full days a month servicing it.
Posted on 1/23/25 at 7:28 pm to sidewalkside
quote:
You've got plenty of cash to invest Let's say $500K
Take it easy, big spender.
Go buy 2 Escalades and get a neon Uber sign.
Posted on 1/23/25 at 7:31 pm to Eightballjacket
quote:
A service picking up dog poop can be very lucrative
What? Ain't nobody in MS paying someone to pick up dog poop. They just leave it on the street.
Posted on 1/23/25 at 7:41 pm to sidewalkside
I sold my medical business 3 months before the pandemic. Early retirement is overrated. I opened a salon of suites over a year ago and net 130k per year. With automation it is surprisingly easy business. I work no more than 3 hours a week including admin. The key is a beautiful space and good location. I am looking to do several more.
Posted on 1/23/25 at 7:45 pm to sidewalkside
quote:
Best business ideas that require little day-to-day management or supervision.
Invest in indexed funds. And that’s the best answer you’re going to get to that question, because there ain’t no free lunch.
Posted on 1/23/25 at 7:45 pm to Gifman
quote:
Buy some real estate and become a slum lord
I’ve known a couple of them. Refuse to fix anything because they say the tenants will just break it.
Posted on 1/23/25 at 7:49 pm to sidewalkside
send me $10,000 and I will set you up with my guarantee money making program. This requires very little work and you can even bring in other people in levels below you to make you even more $$$$.
Posted on 1/23/25 at 7:56 pm to AubieinNC2009
Boiled peanut stand baw
Posted on 1/23/25 at 8:12 pm to sidewalkside
Donut hole food truck. Use milk with the batter instead of water like all these cheap fuggers around here.
This post was edited on 1/23/25 at 8:13 pm
Posted on 1/23/25 at 8:15 pm to sidewalkside
Those stand alone ice dispensers. Know someone who has a few on the side and makes a great secondary income. No personnel to pay. Just upkeep/maintenance on the devices…which to this point has been minimal. Has them in great locations near marinas.
Posted on 1/23/25 at 8:25 pm to Riseupfromtherubble
quote:
Nobody uses laundromats anymore outside of larger cities.
Talk about being out of touch with reality
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