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

Discussion in 'Ideas, Needs, Concept Feedback' started by VIDAA, Mar 20, 2019.

  1. VIDAA
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    VIDAA Contributor FASTLANE INSIDER

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    What sort of an internet business would you do if you had $50,000 to start with?
     
    Xeon and ruzara5 like this.
  2. Kak
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    Kak Capitalist Swine Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Sponges. I'm bullish on sponges.

    Kaks sponge emporium.
     
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  3. Bearcorp
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    Bearcorp Silver Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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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.
     
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  4. Kak
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    Kak Capitalist Swine Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    Imagining that guy with beard oil automatically makes it a viable venture.
     
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  5. Sebastya
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    Sebastya Bronze Contributor

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    Yellow widgets.
     
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  6. Kak
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    Kak Capitalist Swine Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    I hear yellow is huge in the Asian and Australian markets right now.
     
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  7. Bearcorp
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    Bearcorp Silver Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    To appeal to us he'd want to call it "Aussie Gold" instead of yellow, like our sporting uniforms :thumbsup:
     
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  8. B. Cole
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    B. Cole In thine hand is power and might. Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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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.
     
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  9. The Abundant Man
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    The Abundant Man Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    I'd buy Amazon
     
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  10. Tommo
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    Tommo Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Design a website called dutt.com then action fake for a few years-pretty easy really, everyone is doing it.
     
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  11. 100k
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    100k Gold Contributor Read Millionaire Fastlane Speedway Pass

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    [​IMG]

    :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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  12. MTF
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    MTF Never give up Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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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?
     
  13. Mr. Roboto
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    Mr. Roboto New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    I'd use it to buy myself years worth of freedom in order to work on my business full-time.
     
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  14. Raoul Duke
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    Raoul Duke Tallest Lannister Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    I would invest in @Ericito. Then hire @ZCP as his personal coach.
     
  15. ZF Lee
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    ZF Lee Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    You mean invest in @ZCP and buy @Ericito out? :playful::inpain:
     
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  16. VIDAA
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    VIDAA Contributor FASTLANE INSIDER

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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.
     
    Last edited: Mar 21, 2019
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  17. VIDAA
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    VIDAA Contributor FASTLANE INSIDER

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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. ;)
     
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  18. rwhyan
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    rwhyan Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Roli, 100k and VIDAA like this.
  19. biophase
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    biophase Legendary Contributor I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    With your background and funds I’d start a business that helps people somehow.
     
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  20. VIDAA
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    VIDAA Contributor FASTLANE INSIDER

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    I had conceived a QUORA type of idea back in 2007 but didn't take it further as I had too much on my plate already.
     
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  21. SquatchMan
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    SquatchMan Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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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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  22. ruzara5
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    ruzara5 Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    Website assets. Online.
     
  23. MHP368
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    MHP368 the man, the myth, the Pseudo-Apollodorus Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    The honeybees are natural spf protection and the protein helps with growth. Genius
     
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  24. The Legend
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    The Legend New Contributor Read Millionaire Fastlane I've Read UNSCRIPTED

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    What is action fake?
     
  25. Xeon
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    Xeon All Cars Kneel Before Pagani. Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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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.
     
    ruzara5 likes this.

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