Question from a 16 year old in uk

[chifriwice]

Greetings everyone​

For anyone wondering, i am 16 years of age who is based inside of the uk
I am here to ask you all on where i could put my money to later make money in the future
or methods on money, for example, would droppshipping be good for me, or maybe invest in stocks or put my money in an isa?
at this moment, i make profit by loaning out people at a 20% (i make around £10-60 monthly)
Is there anything i can do to scale my income for the future?​

At this moment in time i have approx £1,000 ($1,200)
Many thanks,
chifriwice
​

​

 

[randybishop]

Open the pod bay doors.

 

[chifriwice]

Open the pod bay doors.

noted cheers dave

 

[Yoram]

You will probably never remember this but I think you have a good sense of business

Dropshitting can be profitable in cases where marketing is the correct choice. But make sure you have the time and resources to dedicate to this and study hard before you start putting money in. It's hard for a teenager to put in $100s in marketing and if you study accordingly you'll probably succeed better at this than when you just randomly start off

If I may give you 1 tip youtube is a good place to start a study and you may buy a dropshipping course. I can even hit you up with one from biahaza.

Let me know if you are interested.

 

[chifriwice]

You will probably never remember this but I think you have a good sense of business

Dropshitting can be profitable in cases where marketing is the correct choice. But make sure you have the time and resources to dedicate to this and study hard before you start putting money in. It's hard for a teenager to put in $100s in marketing and if you study accordingly you'll probably succeed better at this than when you just randomly start off

If I may give you 1 tip youtube is a good place to start a study and you may buy a dropshipping course. I can even hit you up with one from biahaza.

Let me know if you are interested.

Thank you, but i don't really feel comfortable buying courses from stuff which i can gather online, may i ask do you think buying an account with 1k subs would be worth it?

You will probably never remember this but I think you have a good sense of business

Dropshitting can be profitable in cases where marketing is the correct choice. But make sure you have the time and resources to dedicate to this and study hard before you start putting money in. It's hard for a teenager to put in $100s in marketing and if you study accordingly you'll probably succeed better at this than when you just randomly start off

If I may give you 1 tip youtube is a good place to start a study and you may buy a dropshipping course. I can even hit you up with one from biahaza.

Let me know if you are interested.

oh sorry, i think i read this completely wrong
if you're willing to send me the course for free (if that was you were meaning)
i'd be more than happy! any help is appreciated

 

[Fussballgott]

Start a niche blog and focus on informational keywords.

Pick a broad niche & domain name, and build a very simple WordPress site using Astra.
Buy an ahrefs subscription for one month and find 50 topics in your niche that are only covered by websites that have user-generated content.

Write 1000-2000 word long articles for each topic and do some basic on-page optimization.

After 6-12 months your site will bring in some decent traffic and you can start monetizing it with ad networks like ezoic.

Don't do any link building until you have published at least 50 posts.

This won't be the easiest or fastest way to make money online but it's the best one long-term.

If you actually want to try this send me a pm me and I'll explain how to find topics that are only covered by websites that have user-generated content.

Good luck!

 

[chifriwice]

Start a niche blog and focus on informational keywords.

Pick a broad niche & domain name, and build a very simple WordPress site using Astra.
Buy an ahrefs subscription for one month and find 50 topics in your niche that are only covered by websites that have user-generated content.

Write 1000-2000 word long articles for each topic and do some basic on-page optimization.

After 6-12 months your site will bring in some decent traffic and you can start monetizing it with ad networks like ezoic.

Don't do any link building until you have published at least 50 posts.

This won't be the easiest or fastest way to make money online but it's the best one long-term.

If you actually want to try this send me a pm me and I'll explain how to find topics that are only covered by websites that have user-generated content.

Good luck!

I would love to send you a pm! Unfortunately, i haven't reached the 15 post limit yet, i'll be sure to pm you once i do so!

 

[praetserge]

You're too young for ISA, I know it's tax free.

What do you like? What is your passion?

 

[Gogol]

For dyslexic (j/k) ppl like me, this would be a far better format to interact with..

 

[chifriwice]

You're too young for ISA, I know it's tax free.

What do you like? What is your passion?

I get asked this a lot, but the answer is, i'm unsure. The main things i enjoy in life is watching my money go up and spending time with my girlfriend (sorry this was a bit rhetoric)
I don't really have any interests

For dyslexic (j/k) ppl like me, this would be a far better format to interact with..

Sorry! I'll change it now if i can

 

[praetserge]

I get asked this a lot, but the answer is, i'm unsure. The main things i enjoy in life is watching my money go up and spending time with my girlfriend (sorry this was a bit rhetoric)
I don't really have any interests

I'm older than you and all I can say is that you need to find what you like... it's not worth it doing something you hate.
You're in the UK, a wonderful country but more importantly... a country where you can flourish if you know what you want.
So my advice and I hate it... find yourself first, find what you like.

 

[chifriwice]

I'm older than you and all I can say is that you need to find what you like... it's not worth it doing something you hate.
You're in the UK, a wonderful country but more importantly... a country where you can flourish if you know what you want.
So my advice and I hate it... find yourself first, find what you like.

well, i enjoy reselling stuff e.g finding something for a cheap price and flipping it? i don't know if this is something i can do fulltime though, it just seems like a side hobby

 

[praetserge]

well, i enjoy reselling stuff e.g finding something for a cheap price and flipping it? i don't know if this is something i can do fulltime though, it just seems like a side hobby

I was thinking of it myself but I found it a bit difficult, after Brexit.

 

[chifriwice]

I was thinking of it myself but I found it a bit difficult, after Brexit.

yeah, seems like it messed a lot of things up, i'm going to go sleep now, thank you for your advice and thanks everyone for their advice, it has helped!
praetserge do you have any other way i could contact you like discord or facebook? i feel like you're an interesting person who could help me considering we do similar things and live in the same country

 

[Vk316]

I recommend not spending money right away. Try out some free methods posted here, get a feel of what you like to do.

Chances of succeding in your first IM ventures are thin so don't blow out your cash yet.

 

[praetserge]

yeah, seems like it messed a lot of things up, i'm going to go sleep now, thank you for your advice and thanks everyone for their advice, it has helped!
praetserge do you have any other way i could contact you like discord or facebook? i feel like you're an interesting person who could help me considering we do similar things and live in the same country

I don't use social media but you can PM me here (after you get 15 posts).
OK, fair enough I use it for my site.

 

[Setox]

I get asked this a lot, but the answer is, i'm unsure. The main things i enjoy in life is watching my money go up and spending time with my girlfriend (sorry this was a bit rhetoric)
I don't really have any interests

This is not a problem, you shouldn't necessarily finds something you are interested in, but more importantly what you Can Get interested in, here is a wonderful thread by David here :

https://www.blackhatworld.com/seo/building-and-ranking-a-niche-website-in-2022.1393553/
Make sure you give it a read.

 

[Donut77]

If u want NOT a faster income, u can invest in stocks. BUT if u are ready to exchange money for an experience - take a risk with ur own business(droppshipping etc). U a so young, but u have the right minds!

 

[MisterF]

Greetings everyone​

For anyone wondering, i am 16 years of age who is based inside of the uk
I am here to ask you all on where i could put my money to later make money in the future
or methods on money, for example, would droppshipping be good for me, or maybe invest in stocks or put my money in an isa?
at this moment, i make profit by loaning out people at a 20% (i make around £10-60 monthly)
Is there anything i can do to scale my income for the future?​

At this moment in time i have approx £1,000 ($1,200)​

Many thanks,​

chifriwice​

​

​

So you're offering illegal loans?

 

[chifriwice]

I invest in stocks, and hold until they get to a price i'm okay with selling, I don't really make much though since i do fractional shares. I want to have experience but i understand the best way to make experience is to do things your way and find something you're comfortable with