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HOT TOPIC What sort of an internet business would you do if you had $50,000 to start with?

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Bearcorp

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Bearcorp Bushranger Soap. A bit rough to use in conjunction with @Kak sponges though.

I'd also branch off into beard oil, wasn't around in the 1800's and they still grew magnificent beards so imagine Ned Kelly (my avatar) with some beard oil.
 

Kak

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I'd also branch off into beard oil, wasn't around in the 1800's and they still grew magnificent beards so imagine Ned Kelly (my avatar) with some beard oil

Imagining that guy with beard oil automatically makes it a viable venture.
 

B. Cole

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I’m carving a new niche.

BearKak Cole’s extra crunchy beard syrup.

Made with non-gmo pine sap and food grade honeybees.
 

100k

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:hilarious: so many trolls, that seems to be the real trend.

Hmm, I'd probably start an e-commerce website selling one product, build a real brand around it, hire influencers to launch the brand, then hire an agency to run ads for me.
 

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MTF

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@dutt, the reason why nobody offered any useful feedback was because your question is very common here on the forum. In addition to that, it's too vague to give you any valuable pointers. Also, due to a lot of people on this forum daydreaming, we don't even know whether you have the aforementioned 50k or not - if not, your question is purely hypothetical, which isn't very useful neither for you nor for the forum members.

Give us more details and you'll get better answers. Offer information such as:
  • Do you even have the 50k?
  • What's your job situation now? Employed, running some kind of a business, jobless?
  • What are your living costs and do you have a safety margin in case you spend 50k and fail to turn a profit?
  • What's your job experience? Do you have any marketable skills?
  • What are your preferences when it comes to the type of a business you'd like to run?
  • Would you like to run an offline or an online business? Product or service? Requiring employees or something that can be automated?
  • What do you think is your biggest strength that you could employ to make your business stand out among the competition?
 

VIDAA

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I made my first million back in 2004 (Affiliate Marketing and SEO) and semi-retired for a couple of years after I created some assets. (Had a staff of approx 70 people when I decided to semi-retire). Further, I also made a successful discussion forum (can't share the URL due to confidentiality) and sold it for $2 million back in 2014-15. Then I traveled extensively for 2 years. I was totally off the internet for almost 2 years and pursued some other interests. Now I am having the same old urge to get back into the online business and hence came up with a vague question.
 
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biophase

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Humility is crucial to real success, many people become successful in wealth but lose their character. Success is not what you get, but who you become as a person. ;)
I made my first million back in 2004 (Affiliate Marketing and SEO) and semi-retired for a couple of years after I created some assets. (Had a staff of approx 70 people when I decided to semi-retire). Further, I also made a successful discussion forum (can't share the URL due to confidentiality) and sold it for $2 million back in 2014-15. Then I traveled extensively for 2 years. I was totally off the internet for almost 2 years and pursued some other interests. Now I am having the same old urge to get back into the online business and hence came up with a vague question.

With your background and funds I’d start a business that helps people somehow.
 

SquatchMan

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You could do some kind of coaching, mentoring, or blog type thing. People would want to hear your opinion with a resume like that (assuming you can back it up).
 

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MHP368

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I’m carving a new niche.

BearKak Cole’s extra crunchy beard syrup.

Made with non-gmo pine sap and food grade honeybees.

The honeybees are natural spf protection and the protein helps with growth. Genius
 

Xeon

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Some sort of functionality based tool (aka. need product rather than want product) which requires custom molds. Probably budget $42K on the product manufacturing after running some validation tests, $500 for WP website, remaining $7.5K for marketing/ads/content creation.
 

LittleWolfie

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What sort of an internet business would you do if you had $50,000 to start with?

Software as a service for companies with
  • 2- 10 employees
  • balance sheet total below 2 million
  • turnover below 2 million
that adds $3,7500 in value to the customers

in a niche with Total addressable market < 1 million ARR
 

Mack X

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I would invest in a book called Unscripted, that perfectly explains why this question is stupid and will direct you to the right way
 

Johnny boy

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If you have a foolproof way to grow 50 grand very quickly then all anyone would have to do is call up someone with 50 grand and make a equity deal or take out a loan.

Having some capital is not as much of a strength as you think. Which is terrifying for trust fund kiddos to hear but empowering for you broke entrepreneurs to hear.

edit: with that said, if you lend it to me I'll give you a 15% yearly compounding return on it.
 

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