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

[VIDAA]

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

 

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[Kak]

Sponges. I'm bullish on sponges.

Kaks sponge emporium.

 

[Bearcorp]

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]

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.

 

[SEBASTlAN]

Yellow widgets.

 

[Kak]

Yellow widgets.

I hear yellow is huge in the Asian and Australian markets right now.

 

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[Bearcorp]

I hear yellow is huge in the Asian and Australian markets right now.

To appeal to us he'd want to call it "Aussie Gold" instead of yellow, like our sporting uniforms

 

[B. Cole]

I’m carving a new niche.

BearKak Cole’s extra crunchy beard syrup.

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

 

[The Abundant Man]

I'd buy Amazon

 

[Tommo]

Design a website called dutt.com then action fake for a few years-pretty easy really, everyone is doing it.

 

[100k]

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]

@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?

 

[Mr. Roboto]

I'd use it to buy myself years worth of freedom in order to work on my business full-time.

 

[Raoul Duke]

I would invest in @Ericito. Then hire @ZCP as his personal coach.

 

[ZF Lee]

I would invest in @Ericito. Then hire @ZCP as his personal coach.

You mean invest in @ZCP and buy @Ericito out?

 

[VIDAA]

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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[VIDAA]

Design a website called dutt.com then action fake for a few years-pretty easy really, everyone is doing it.

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.

 

[rwhyan]

NOTABLE! - $3,000 to $1,000,000 in 15 months: HOW TO DO IT

Maybe this thread will spark something for you.

Sounds like you have a lot of experience already. I'm surprised you couldn't come up with something yourself

 

[biophase]

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.

 

[VIDAA]

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.

 

[SquatchMan]

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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[ruzara5]

Website assets. Online.

 

[MHP368]

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

 

[The Legend]

Design a website called dutt.com then action fake for a few years-pretty easy really, everyone is doing it.

What is action fake?

 

[Xeon]

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]

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

 

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[Speculatooor]

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]

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.

 

[ZCP]

I would invest in @Ericito. Then hire @ZCP as his personal coach.

not sure $50k is enough

You mean invest in @ZCP and buy @Ericito out?

we could make hundreds!!!

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

perfectly said. maybe buy one online business to fund another one helping people.

 

[ZCP]

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

DM me