🧠A Cooking Oil Recycling Business
How to Buy and Flip Websites & 3 Ai Sites to Increase Your Productivity
What’s up party people! Happy Sunday!
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1. Business idea of the Week: Cooking Oil Recycling Business
Today’s idea is not only good for your bank account but also for the environment.
It involves taking the waste created by one business and repurposing it for something else.
The idea: Create a cooking oil recycling business.
This will involve picking up used cooking oil from restaurants in your area and re-selling it to someone else.
But who wants to buy used cooking oil? Great question.
Cooking oil can be converted into biodiesel, which can be used as fuel for specific types of cars or machinery.
Here’s 3 types of cars that can use Biodiesel today:
Chevrolet Silverado
GMC Sierra 250 or 3500 HD
Ford Super Duty F250, 350, and 450
How to get started: The two key pieces of this business are finding an oil supplier and an oil buyer.
Supplier: The supplier will be a restaurant in your area that has used cooking oil they need to get rid of. Larger chain restaurants may already have a solution in place, so it’s best to start with single-location restaurants in your area. Simply call or walk into the restaurant and ask if you can pick up their used oil every week. You can even charge a fee for this since they would normally need to dispose of it.
Buyer: Finding a buyer is not as straightforward as finding a supplier. I recommend posting on places like Facebook marketplace and craigslist to find potential buyers in your area.
To get started, you’ll likely need a few steel drums to store the oil in, and a truck to transport it.
Once you have the used oil, it will need to go through a process to convert it into usable biodiesel. You can learn how to convert the oil with a setup like this:
Or better yet, partner with someone in your area who is already set up to do this conversion.
And how do I know this business model can work? Because there are plenty of companies already doing it.
Check out grease-cycle.com, a cooking oil recycling company that has been in business for around 7 years.
This idea can also be started as a side hustle with a few restaurants and scaled into a full-time income over time.
2. How to Buy and Flip Websites
Do you want to learn how to buy and sell websites for a profit?
My friends over at The Website Flip have done over 215+ website flips and they’re sharing their secrets.
By subscribing to The Website Flip newsletter, you’ll get access to websites for sale, case studies, and guides on how to turn a profit.
3 Ai Sites to Increase Your Productivity
Ai seems to be all of the hype lately.
New tools are coming out every day, but here are 3 that can actually help you increase your productivity.
1) Compose.ai
This Google plug-in helps you write emails faster! Decrease the time you’re spending on writing by up to 40%.
2) Runwayml.com
This tool allows you to generate and edit photos and videos with ai. Remove the background from images and unwanted noise or objects from videos, in just a few seconds.
3) Descript.com
This one’s my favorite tool. Descript auto-transcribes videos and allows you to edit the video like a word doc. Instead of clicking and dragging the video on an editor, just delete the word from the transcript, and it will remove the clip from the video.