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When it comes to selling your products, you have a lot of options there, too including sites like Etsy, Shopify, iCraft, and Amazon Handmade. (2)How to purchase raw material and where to get it. I advice you reach out to people already into the business you wish to venture in, seek counseling, if possible, pay consultancy fee, learn it, when you do, you’ll become a master at what you do and other people will reach out to you when they see how successful you’ve become. These would be the top 3 I would consider: US$10,000 and a year of free time sounds like more than enough money and time to build one or more successful online businesses. My logic, put the $10k in a really low risk investment. Very few people would choose the right one first time so please don't do 10k on your first idea. Chances are, most of them would love to get more clients or customers but don’t know how. You might buy a truck for house painting and find out gardening makes you more cash for example. Do you think you can learn everything online, if not, then I think you know what you must do. And I hope you find just the one for you among them. On top of that, he had to upgrade to a big/sturdy truck to haul that much water around. I’m 20 and incredibly tired of working at a call center, I talked to a “financial advisor” and she told me to put it all in Amazon dropshipping? Don't buy any courses, literally everything is available free somewhere. US House Passes Crypto Bill. I have been doing everything since then: IT support, finding prospects in my network, trying some facebook ad campaigns and so on. I need help. There is a lot you can do with $10,000 when it comes to starting a business. Your 100k is a good amount to start with. Second, just suggesting dropshipping doesn't seem to address your greatest assets. How can I be able to print out recharge cards? With these resources, you may also include data subscription in what you do. I want to sell something online, but I just don't know what yet. What do you want to do? I'm a big fan of property services, dirty jobs, and of course anything with low overhead. Required fields are marked *. Nobody wants to stay idle. Isn’t it about time you enroll for one of those online courses that bring out the programmer in you? And once you get your own professional graphic design website on the net, you can start designing online for even the fortune 500 companies and make your money. I have 200k Alrdy I dont know hw 2 invest it…. Aside from starting a business from the ground up, you can also buy into a franchise; some let you in the door for $10K or less. 1 . You need to focus on thinking up ideas and deciding whether they have a market in your area. Renting out a Sony a6500 for £20 a day theoretically could earn you £7200 in a year. It's really tough work and most of the work is in the sales side believe it or not. You can try importing from China from Alibaba .. there’s a lot of info about it on YouTube .. New comments cannot be posted and votes cannot be cast, More posts from the Entrepreneur community. The options are virtually endless: candles, soap, custom paper, quilts, knitted products, jewelry, painting, custom designed t-shirts, hats, handbags, accessories, wood crafts, handmade cards, and more. The Total Entrepreneurs © 2020. A community of individuals who seek to solve problems, network professionally, collaborate on projects and make the world a better place. It was supposed to be a online video game store but it sold very little because it wasn't niche. But the sad news is, not all of them make the 100k capital cut and not all of them can be held outside of the states. With a little creativity, you can make your landscape business year-round. Then they tapped into town parades and july 4th celebrations. Good luck. The $10k would need to be fully spent on promoting your work. Creating a plan that incorporates several different sales paths will help get your products in front of more eyes. All Rights Reserved. So it is advisable to think over it before venturing into it or you’ll find yourself out of business in the next few weeks. Today, as long as you live in a city where people enjoy night outs eating roasted meats with friends, your barbeque business may just be a calling. It means you must figure out that you have minimum 20K income every month from that Investment. $10K in general will get you a business with low barriers to entry competing against every Tom, Dick and Harry with the same idea and $10K. $300-$400 for a pretty good gas one, a long hose and charge $50-$100 per house or business front. You can start small, reinvest your capital and profit and grow over time. It's at least as profitable as mowing lawns. If you're new to business don't dump $10k into a project just because people tell you to.

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