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00:00Hey guys, welcome to Silicon Valley Girl. Today we're going to talk about top business ideas in
00:042024. And I don't want to give you some obvious ideas that you can think about yourself, like
00:09dropshipping on Amazon or starting an Airbnb. That seems pretty obvious, but I want to focus
00:14on the latest trends and new technologies that are expanding around the world. The world is
00:19changing and your business idea has to stay relevant for the next few years. And there is
00:24something I want you to remember before we go into this video. You need to choose a market
00:29that is growing and that is big. The thing is you put the same amount of effort into building a
00:34billion dollar company and building a several hundred thousand dollar company. I live in
00:39Silicon Valley and I see so many entrepreneurs every day. I talk to them every day and the ones
00:43who chose the right market are building the billion dollar companies and the ones who chose the market
00:48that is shrinking, they are losing in the long run. And because of that, I also based my research
00:53on how big the market is, how fast it's growing. I also decided to rank my business ideas. We're
00:58going to start with the ones that are kind of harder to start because I'm going to talk about
01:03robotics. I'm going to talk about AI and VR. And in the second part of this video, I will talk about
01:07ideas that are kind of easy to start over a weekend. So please watch this video up to the
01:12very end to make sure you've seen all of the ideas I've prepared for you. And before we dive into idea
01:17number 14, I wanted to let you know guys that I have an email list where we'll share more about
01:22business ideas and making money online. Please subscribe. The link will be down in the description.
01:27And here we go. My top business ideas for 2024. Number 14, robotic housekeepers. This is something
01:35that Elon Musk has already announced. He stated that humans have to be ready to coexist with AI
01:41and robots. While the idea of robotic housekeepers is still in the research and development phase,
01:47Musk's vision aligns with the potential for AI and robotics to transform domestic activities.
01:52I already see, like I can visualize a robot in my home, watering flowers, mopping the floors. Oh my
02:00god, like this is something I love doing myself, but not on a daily basis. So it would be great to
02:06have that type of help. The consumer robotics market, including household cleaning robots, is
02:12experiencing significant growth. The market is projected to reach a valuation of 76 billion dollars
02:18by 2032, with cleaning robots expected to generate maximum revenue and contribute to stress reduction
02:24and time savings for customers. So if you're excited about robotics, look into this market.
02:30Number 13, monitoring gadgets and robots for the elderly. I promise this is the last type of robot
02:35we're going to discuss, but I just find it so interesting how the world is changing. So first of all,
02:41we have longer lifespan and there is a problem of an aging population and shortage of caregivers in the
02:46US. And at the same time, we have this growing robotics market, right? So according to the US Census
02:52Bureau, the older population grew by almost 40% from 2010 to 2020, reaching 55 million, which represents
03:0116% of the total population. And these seniors need care. Some of them need someone to watch over them,
03:08even 24 hours a day. It can be a very difficult and expensive task if humans are involved. So advanced
03:15gadgets and robots for monitoring and contact with seniors can be big help here. I have a friend who
03:21actually started developing a startup where there was a camera tracking elderly movements, and it could
03:27actually tell whether an elderly person fell or something irregularly happened and it notified this
03:35person's relatives or, you know, caregivers. But that was several years ago before the AI. And I can see
03:41how this could be a huge idea now. So unfortunately, they gave up on that idea. But I feel like if they
03:47started this year, it could have a cool potential, especially, you know, being acquired by a robotic
03:53company later on. The use of AI in this context has potential to revolutionize elderly care by
03:59facilitating independent living while ensuring timely assistance and support when needed. This market
04:05has a valuation of 2.5 billion right now, but it's projected that it's going to grow to $8 billion in
04:122033. Remember how I told you always be in the growing market and it's only going to grow. Number 12,
04:17there is another exciting market that is being revolutionized by AI. It's actually the study and
04:23discovery of new drugs. The AI drug discovery market is experiencing significant growth with the global
04:29market size valued at 1 billion in 2022 and is expected to grow at a 30% rate from 2024 to 2030.
04:38An interesting example of the use of AI in drug discovery is the protein structure prediction tool
04:43AlphaFold. Researchers use it to identify hundreds of thousands of potential new psychedelic molecules,
04:50which could help to develop new kinds of antidepressants. The potential for AI to revolutionize
04:55the drug discovery process is evident and the growing market size indicate a promising business
05:00model for companies operating in this space. We already see how AI analyzes, I don't know, we already
05:07see how AI analyzes x-rays, your test results, and here we see an even deeper application of AI.
05:13Number 11, zero waste delivery services. With the development of e-commerce activity and the growing
05:19population of online shopping, Americans are collectively spending, attention, over one
05:26trillion on e-commerce purchases in a year. The average American receives 3.5 packages per week.
05:33In my case, it's like three packages a day, which translates to approximately 182 packages a year.
05:40Just imagine how much packaging is used just to deliver things and then thrown away. And you've
05:45probably seen this online where, you know, Amazon sends you something really small, but it has to
05:50be in this huge box full of plastic bags, right? It is not environmentally friendly, but so far,
05:56no radical solution to this problem has been found. According to a report by President's Research,
06:02the zero waste packaging market size is predicted to reach around 4.6 billion by 2033, and its growth
06:09rate is around 9%. This growth is driven by the increasing demand for sustainable packaging techniques
06:15and the expansion of consumer goods business. There are also zero waste grocery stores. There's a lot
06:20going on in the space, so pay attention to it. Now, moving on to idea number 10, VR content.
06:27VR technology is advancing rapidly, especially given the wave of hype with Apple Vision Pro glasses right
06:34now. And the VR content niche is still a bit empty. And when I was trying Apple Vision Pro, we actually got
06:39a pair for ourselves, but we couldn't return it. The thing is, one of the applications that I see is
06:44actually spatial video, but we don't have this content yet. So when you wear Apple Vision Pro,
06:49you can see some demos, but what if it's actual spatial video where you can, you know, kind of be
06:56in the same room with your kids. We don't have that content yet. iPhone 15 can actually shoot that type
07:01of content. So my prediction is there will be this movement towards spatial videos, especially on
07:07platforms like YouTube, Netflix, etc. For now, we only have the first version of Apple Vision Pro, but it's
07:12only going to get better and it's going to become more and more convenient. So when many people will
07:17have such VR glasses, there will be a need for some kind of new VR Instagram or YouTube. So two
07:23takeaways from here, you can either build your own platform, you can build technology that helps with
07:27VR videos, or you can start thinking of becoming a VR creator. The VR content market size is projected to
07:34reach 3.1 billion dollars in 2024, and grow, attention, at 46% to reach 20 billion dollars by
07:442029. As a creator, I'm already thinking of, you know, creating those spatial videos, just in case.
07:50Remember when 4k was introduced, how it was pushed by the algorithm and a lot of people who started
07:54shooting in 4k, they were surfaced by the algorithm. I think the same is going to happen very soon with
08:00spatial videos. Once YouTube releases an app for Apple Vision Pro, there will be a growing demand for
08:05spatial videos and you can be one of the first take this idea. I will take it for myself as well.
08:11The market's growth is influenced by content diversity, such as gaming and education.
08:16Okay, number nine, sustainable fashion rental platforms. Clothing rental services are the future
08:22of fashion world, in my opinion, especially how I see people use clothes, they put a dress on for
08:28Halloween and then it's either waiting for the next Halloween or it's not being used at all.
08:33And especially more and more people buying outfits for creating content, we just see
08:38how much demand there is for clothes that could be worn one or two times. And if you remember guys,
08:44a couple of years ago, I talked about digital fashion. I invested in a startup called Trasex,
08:48which allows you to wear digital clothing. For now, there is not too much application for it,
08:53but there is definitely a lot of application for rental services and fashion. One of the
08:58advantages of this business is that it's a subscription model and subscription model
09:02always wins because you can predict your demand because you can make your products ticker instead
09:07of constantly investing in marketing. An example you can study for inspiration in this niche is
09:13Rent the Runway Company. They reported a revenue of $296 million for the fiscal year of 2022,
09:20which represented a 40% increase year over year. The company also announced that it had achieved a
09:26record high of 140,000 active subscribers in 2023, which is again a 25% growth. I think they're going
09:35to report it soon, but they expected to make $330 million in 2023. Another tip from you guys as a
09:41business owner, when I look at the market, I always try to see how much the biggest players are making,
09:46because when you start a small business, you kind of aim to become like maybe 1% of a bigger business.
09:52So when you see companies like Rent the Runway, that kind of indicates that the market is mature,
09:56that it's growing, there is demand because it's really hard to come up with something brand new.
10:01It's always easier to penetrate a market that already exists where you see the demand and so
10:06you start growing with the market. Number eight, we started this video with robots and another business
10:12idea that I discovered is called a robots store. So the thing is robots are still in the early stages
10:20of development, more and more of them are in demand. So we basically have something here in Silicon
10:25Valley, which is a specialized store that sells robots or some specific species of robots. So the
10:30way those stores make money is not by actually selling, they actually charge a robot company's
10:36subscription so that they can display their products in their stores. And I think it's a genius
10:42business idea, especially now when people are willing to discover new technology, but maybe they're not
10:48willing to buy right away. What we've seen with Apple Vision Pro, some people got it, but a lot of
10:54people just went to Apple stores to schedule demos. Same is going to happen to all of the new
10:58developments in the robotics market where, you know, ideally you come to a space where you can
11:03test all the robots and decide whether you want one or not. So the most popular robots right now are
11:08cleaning robots, robots for children and articulated robots. Also very interesting types of robots are
11:14co-bots. Of course there are also industrial robots and robots used for entertainment. Number seven,
11:20remote health services. What I don't understand is how in 2024 healthcare services are still so
11:27unoptimized and kind of inaccessible to a huge number of people. Especially if we're talking about
11:32the US, you know how expensive it is, how inconvenient it can be to get treatment here. So of course more and
11:39more people prefer remote visits. I honestly have some doctors who are actually abroad because it's
11:44easier for me to communicate with them because I can't really communicate with our doctors here in
11:49the US. I have to go through the nurse and they always tell me like, Oh, give us a 24 hour window
11:54to answer your question. And normally, you know, because I have two small kids, I want an answer
11:58right now. Like what's this rash? I don't want to go to urgent care. I just want a doctor to quickly look
12:03at it and say whether it's something urgent or not. So because I couldn't find the right healthcare for my
12:08kids, I still have some doctors abroad who are willing to help me at any time of day. And it costs
12:13a fraction of what we pay here for insurance. And every time I do this, I think this could be
12:19a cool business idea for the US where you just contact a doctor like a, and not like a service
12:24that connects you to a random doctor. There's this thing called concierge medicine here. And one of my
12:29friends has it and it's like $25,000 a year for you to be able to text your doctor. Like this is crazy.
12:36It's a top doctor and he has all of the connections, but still I know that in other countries,
12:41it's like $20 per call. So this problem is slowly beginning to be solved by telemedicine and remote
12:47consultation services, but the demand still far exceeds the supply. The global remote healthcare
12:53market is projected to reach a value of 25 billion in 2030 and almost 40 billion in 2032. And the annual
13:01growth is almost 20%. So look at it. Number six, AI sales. Sales through AI is definitely one of the
13:08next big things that will change your business processes forever. And whoever takes over this
13:13market and offers the best AI sales automation solution will 100% win because AI can help prioritize
13:20personalization, analyze available information about prospects and create targeted strategies that speak
13:25to their needs. And it's not only about interaction with customers, it's also about finding the
13:31prospect. The global sales intelligence market size was valued at 2.9 billion in 2022. This market is
13:38already 3 billion and it's only going to grow. Number five, AI tools implementation consulting.
13:44I just talked to my husband and the new video tool Sarah has been just released and we've been talking a
13:49lot like, what do you do when AI is progressing at such a fast pace? Like we knew this was going to
13:57come out, but we thought it was going to come out in 2025, 2026. And, uh, I was talking to him and I was
14:02like, what's the best course of action for regular people. And I think the best course of action is to
14:08study whatever is trending in your market, in your niche. And there is a market connected with that is
14:14called AI tools implementation consulting. So basically if you are the one who studies all the
14:20tools, like I can study all the AI tools for creators, I could later on consult independent
14:26creators or media companies on how they could implement AI tools and services in their business.
14:32Because often entrepreneurs and creators continue to spend thousands, sometimes millions of dollars on
14:38human labor because they simply don't understand that AI can already do the job. Like research,
14:43I use perplexity. I'm going to use Sarah for B roll. Uh, we're using mid journey for some
14:49thumbnails or some B roll photos. And, uh, basically an AI consultant analyzes the structure of a company
14:55and proposes strategy on how to optimize through new AI tools. And you might say, but Marina, wouldn't
15:02there be another AI assistant who would consult you on how to use AI tools? Honestly, I don't know,
15:09but this market is already 55 billion and is expected to grow to 450 billion in 2031.
15:15Okay. Number four is actually a consumer facing business with excellent service. And I want to,
15:22uh, just, you know, inspire you guys. If you're an offline person and you think like AI robots,
15:27okay, but you know, there are day to day things that are not fixed yet. Like it's so hard to find a
15:33healthy place to eat. And it's my personal pain that the U S is so far behind European countries
15:38in terms of service. And if there is a good restaurant or a beauty salon with beautiful
15:43interior, fine dishes, an excellent service at the European level, there is immediately a full
15:48occupancy and prices are three times higher than average because the supply is almost non-existent
15:54and the demand is huge. So please, if you want to open an offline business with excellent service,
15:59text me, I'm ready to be your first customer in the U S but I think we're really, really need it.
16:04I feel like the U S I know that it was initially a country where immigrants came to make money.
16:09They didn't care about, you know, porcelain, um, mugs or plates. But honestly, I feel like
16:16we as a society are moving towards appreciating the beauty, appreciating the luxuries. And, uh, um,
16:23I miss that. I miss that. Even like I was talking to some of my friends and they were comparing
16:27Ritz Carlton's here in the U S and in Europe. And they said like the, the devil is in the details.
16:33If you go to Ritz Carlton, Paris, all of the dishes, they will be piece of art here in Ritz
16:39Carlton. It's just something average. I've never noticed that myself, but when they told me that
16:44I started noticing those details. Okay. Now we are approaching top three business ideas for 2024
16:51in terms of how easy it is to start them. Uh, number three is drop servicing. So it's similar
16:57to drop shipping. You can outsource services to others and take commission on sales. And when I
17:02say others, I also mean AI, and this can be anything from graphic design, copywriting,
17:07virtual assistant, or video editing services to translation and much more great places to sell
17:13such services are Fiverr and Upwork. And I just started outsourcing my video editing to India.
17:20Uh, I found amazing people who started a company editing videos for American creators and the price
17:26is unbeatable and, uh, it's still the market. And I'm pretty sure a lot of editors are using AI tools
17:33to make their job faster. Number two, this is a trend for 2024 and it's called art pancakes. Remember
17:39how boba tea started taking over the Western world? Here's another idea from the East art pancakes are
17:46popular food and entertainment from Thailand, which could be the next boba tea or take over the American
17:52market. It looks like a huge stove with a bunch of cans of colored dough and kids can draw themselves
17:58a pancake and eat it. It's both delicious and fun. There are also pancake artists who can make real pieces
18:04of art out of the batter. My parents live in Thailand and they've been living there for four years now.
18:09And it's just incredible how many ideas we can take from Thailand to the US. The market for art pancakes
18:16is diverse ranging from traditional handcrafted pancakes art to technological innovations like
18:223d printed pancakes. And number one, of course it has to be AI. And of course it has to be connected
18:28with content just because I noticed how many content creators are there on the market right
18:33now and how easy it is to be surfaced by the algorithm if you're just starting out but you
18:38know how to create good content. There's something that changed my life a lot in the past year.
18:43I'm already using AI's automatic video translation, video editing and experimenting with video thumbnails
18:50that AI makes from scratch. And even though new services for creators are popping up every day,
18:55this market is still just starting out. The AI content generation market is expected to reach almost
19:01six billion dollars by 2029. There are still a lot of unmet needs. There are manual edits,
19:08Photoshop, etc. And you can definitely carve out a niche for yourself. Products that started in this niche
19:13a couple of years ago are now taking off in terms of users and revenue. For example, and it talked about
19:19this, the app is called HeyGen, an app I use regularly. They reached 1 million in annual recurring
19:24revenue in March. And in October, they already made 10 million dollars. That's 2023. When I first
19:31discovered them, I just loved their feature when they translated everything into a different language
19:38and it sounded super naturally. And you know, the technology and the demand is there. So today,
19:44they're making 18 million dollars according to Forbes. It's super inspiring how you can start a
19:51company from scratch and grow so fast. Again, we are in 2024. Everything is speeding up. You have to
19:58take action. You have to start experimenting and you have to fail. Like fail five times and then come back
20:04to this video and pick another business idea. It's really important that you act. I feel like a lot of
20:09people are thinking. I feel like a lot of people are like, I'm going to start later. It's not the time.
20:14Well, start now, fail and learn something. Thank you so much for watching this video up to the very
20:20end. I hope it inspired you to start a business. The world is evolving because of entrepreneurs,
20:26scientists and mothers. Thank you so much. Please send this video to someone who's starting a business
20:31and I'll see you very soon on this channel. Bye.