The Only Halal Business Worth Starting in 2025
Abu Lahya・23 minutes read
The speaker emphasizes the importance of starting a Halal influencer marketing agency, which connects brands with influencers and can generate substantial earnings with minimal upfront investment. By focusing on accessible, profitable, and scalable niches while avoiding saturated markets, entrepreneurs can achieve quick success without extensive prior knowledge.
Insights
- The speaker emphasizes the importance of establishing a Halal business model, specifically recommending an influencer marketing agency (IMA) as a viable option for beginners. This model is designed to be accessible, requiring minimal startup capital and allowing for quick earnings by connecting brands with influencers, while avoiding the complexities of traditional business methods like e-commerce or dropshipping.
- To succeed in the IMA, it’s crucial to choose a less competitive niche that aligns with Halal practices, such as tech or education, while steering clear of saturated markets. The speaker advises focusing on building relationships with influencers and brands through commission-based partnerships, which help mitigate risks for influencers and provide a scalable path for growth and profitability in the expanding influencer marketing landscape.
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Recent questions
What is influencer marketing?
Influencer marketing is a strategy that involves collaborating with individuals who have a significant following on social media platforms to promote products or services. These influencers leverage their credibility and reach to connect brands with potential customers, often resulting in increased brand awareness and sales. The approach is particularly effective because it taps into the trust that followers have in their favorite influencers, making recommendations feel more authentic. As the landscape of marketing evolves, influencer marketing has gained traction, especially with the rise of organic marketing methods. Brands can benefit from this model by engaging influencers who align with their values and target audience, creating mutually beneficial partnerships that drive results.
How to start a business?
Starting a business involves several key steps that can help ensure its success. First, it's essential to identify a viable business idea that aligns with your interests and market demand. Conduct thorough research to understand your target audience, competitors, and industry trends. Next, create a solid business plan outlining your goals, strategies, and financial projections. This plan will serve as a roadmap for your business journey. Additionally, consider the legal requirements for starting a business, such as registering your business name and obtaining necessary licenses. Once you have a clear plan, focus on building a brand presence, whether through a website or social media, to attract customers. Finally, be prepared to adapt and learn as you navigate the challenges of entrepreneurship, ensuring that your business remains competitive and profitable.
What are the benefits of service-based businesses?
Service-based businesses offer several advantages that make them appealing to entrepreneurs. One of the primary benefits is the potential for high profit margins, often ranging from 60% to 80%, which can lead to substantial earnings after expenses. Additionally, these businesses typically require lower startup costs compared to product-based ventures, as they often do not involve inventory or manufacturing. Service-based businesses also provide flexibility in terms of scalability; entrepreneurs can grow their operations by expanding their client base or offering additional services. Furthermore, they can adapt quickly to market changes and customer needs, allowing for a more responsive business model. Overall, the combination of profitability, lower barriers to entry, and adaptability makes service-based businesses an attractive option for new entrepreneurs.
What makes a business Halal?
A business is considered Halal when it adheres to Islamic principles and guidelines, ensuring that its practices are permissible under Sharia law. This includes avoiding activities that involve interest (riba), gambling (maysir), and unethical practices. To be Halal, a business must also ensure that its products or services do not contain any Haram (forbidden) elements, such as alcohol or pork. Additionally, the business should operate with transparency and fairness, treating customers, employees, and partners ethically. By aligning with Halal principles, businesses can cater to a growing market of consumers who prioritize ethical and religious considerations in their purchasing decisions, ultimately fostering trust and loyalty among their clientele.
How to choose a business niche?
Choosing a business niche is a critical step in establishing a successful venture, as it defines your target market and the specific needs you aim to address. To select a niche, start by analyzing your interests, skills, and experiences to identify areas where you can offer unique value. Conduct market research to assess demand and competition within potential niches, focusing on those with fewer competitors to avoid saturated markets. It's also essential to consider the profitability of the niche, aiming for industries with high profit margins, particularly in service-based sectors. Additionally, ensure that the niche aligns with ethical practices, such as Halal guidelines, to attract a specific audience. By carefully evaluating these factors, you can choose a niche that not only resonates with you but also has the potential for growth and success in the marketplace.
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Summary
00:00
Halal Business Success Through Influencer Marketing
- The speaker started four businesses in three years, all of which failed due to non-Halal practices, except one that generates $10,000 monthly.
- The recommended business model is an influencer marketing agency (IMA), which connects brands with influencers, avoiding traditional methods like dropshipping or social media marketing agencies.
- A good business must be Halal, accessible for beginners, competitive, profitable, and scalable, ensuring quick earnings without extensive prior knowledge or experience.
- Accessibility is crucial; beginners should avoid complex models like e-commerce or Amazon FBA, which require extensive learning and management skills.
- Competitiveness is important; choose a niche with fewer competitors, avoiding saturated markets like dropshipping and focusing on unique opportunities.
- Profitability is key; aim for businesses with 60-80% profit margins, typically achievable in service-based industries, ensuring substantial earnings after expenses.
- The IMA model is straightforward, requiring minimal capital to start, primarily involving connecting influencers and brands via email, with potential earnings of $200 to $2,000 per deal.
- The influencer marketing landscape is expanding, with organic marketing becoming the preferred method, expected to double by 2030, creating a blue ocean for new entrants.
- Scalability in IMA allows for growth by connecting larger influencers or brands, increasing commission rates, and establishing long-term contracts for recurring income.
- To start, select a niche by analyzing YouTube content, ensuring it aligns with Halal practices, and focus on becoming an expert in that specific area.
10:57
Maximizing Earnings Through Influencer Partnerships
- Avoid niches like fitness, finance, and gaming due to potential risks and complications; instead, focus on Halal niches such as tech, productivity, fashion, health, and education.
- To engage influencers, emphasize that you only earn commissions, minimizing their risk; they pay you only when you deliver results, ensuring they have no upfront costs.
- Search for 20 to 30 influencers with 100K to 1 million followers and a minimum of 50K views per video to ensure sufficient earnings from commissions.
- Email influencers to propose a commission-based partnership, starting with 10-15% and gradually increasing to 40-50% as you gain experience and close more deals.
- After securing agreements with 2-3 influencers, draft contracts to protect your commissions and prevent them from working directly with brands without your involvement.
- Research brands by reviewing the last 30 videos of each influencer to identify potential sponsorships, then reach out to brands using personalized emails to propose collaborations.
- Scale your earnings by leveraging initial case studies to attract larger influencers, upselling existing clients for bigger deals, and negotiating higher commission rates as your influence grows.
