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got 200K to start my own business

Discussion in 'Making Money' started by BobbyBrowns, Nov 10, 2015.

  1. BobbyBrowns

    BobbyBrowns Newbie

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    I'm looking for some serious business ideas in the field of IT, some inspiration.
    I got a european CS degree and I'm pretty quick in learning new things.

    I have this once in a life time chance in investing this money and I don't want to blow it. I want to at least make 4x of this investment in profits by the end of next year.
    I'm not looking for someone to spoonfeed me with ideas, please you don't have to tell me that this is not the attitude of a millionaire, I already know it.
    Just looking for some advice on which field I should put my focus on. As already mentioned I'm looking for some immediate profit, and I'm sure with this kind of investment it should be possible.

    Thanks & sorry for my English it's not my first language.
     
  2. Euphorix

    Euphorix Supreme Member

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    I would highly recommend that you use small portions of that to build multiple revenue streams. That way you're generating 200k/year and messing up your "big chance" isn't catastrophic. In other words, use your once in a lifetime opportunity to create many lifetime opportunities. THEN take the big 200k business idea on- you won't be crushed if it fails
     
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  3. Ste Fishkin

    Ste Fishkin BANNED BANNED Jr. VIP

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    I would start a cleaning company that sent round barely dressed cleaners to the customers homes, make them lesbians

    You could call it Les Clean
     
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  4. Gigidus

    Gigidus Registered Member

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    buy million of rabbit, make them multiply to 4 million and then sell.
     
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  5. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    I'll send a PM to Damien and ask him to allow you a little extra room in your in box for the next 4.7 million PMs you are about to get.

    I'm sure he'll help you out.
     
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  6. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    OP, you are certain to lose 100% of your money by the end of THIS year if you take your current approach.

    OP, you are the guy with the Computer Science Degree, if you want to start a business in the IT sector, then maybe do some real research, and not ask a bunch of random clowns on an IM forum.
     
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  7. Ste Fishkin

    Ste Fishkin BANNED BANNED Jr. VIP

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    OP ignore this guy.

    What you want to do is start a business you know nothing about, this way you approach the industry with no prejudice or preconceived thoughts.

    You will be much more successful this way.
     
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  8. SkyrocketSEO

    SkyrocketSEO Jr. VIP Jr. VIP Premium Member

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    What OP imagine when daydreaming
    a_560x375.jpg

    Reality

    parents-basement.jpg
     
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  9. soulcollector

    soulcollector Senior Member

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    IT innovation is a hard task for revolutionary productions, but you can currently monetize companies looking for better optimized solutions for common problems they have. Depending on your experience and major focus you might only be able to think up services and ideas that would help only that specified section, which would result in a very small narrow market. If these people are also not flush with money to spend you might want to generalize and go for small businesses ready to expand. Its a lot of foot work and theory crafting, but in the end you might comfortably make decent return income, or you might fail and go broke. This all depends on whether you are a business genius or a dead beat bean counter.
     
  10. Cryogenesis

    Cryogenesis Jr. VIP Jr. VIP

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    Did you get that off of CEOSam's Instagram?
     
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  11. BobbyBrowns

    BobbyBrowns Newbie

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    LOL I could call this answer coming from a billion miles away
    thanks anyway
     
  12. SkyrocketSEO

    SkyrocketSEO Jr. VIP Jr. VIP Premium Member

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    I dont see glass shower doors there and Domino's Pizza on the bed.
     
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  13. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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  14. BobbyBrowns

    BobbyBrowns Newbie

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    Oh I see you are really good in researching and asking questions.

    Is selling Instagram likes a serious business?

    Big Data has huge potential, I'm sure you knew that even before my post.

    Why do you have nothing even slightly constructive to add to this topic?
     
  15. TayaX

    TayaX Jr. VIP Jr. VIP

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    So basically you and your friends have 200K to spare, have all IT background and can't even find a business with all your brains connected? So much that you have actually to come on this very forum and ask people where to put your money?

    Am I the only only one finding that totally senseless?
     
  16. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    Because if you want to be taken seriously then ask a serious question.






    If you think that is how a business operates then you are mistaken. Certainly, there are some guys who can turn $200000 into a$1000000 by the end of next year. You aren't one of them.
    If you are looking to build a real business then any profit would be going straight back into that business, you would already know where to put your money, you would have a business plan.
    You would also realise that most new businesses FAIL, and that there is no sure thing.

    If you really have that sort of money (I doubt it because people love to bullshit and waste peoples time) then hit up meathead1234 and see if he has anything suitable for you to invest in.
     
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  17. GrahamCrackers

    GrahamCrackers BANNED BANNED

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    random clowns who just want your money and don't give two shits about you after you invest with them..
     
  18. virtualbyron

    virtualbyron Jr. VIP Jr. VIP

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    Hello sir, I can do that sir, please PM me your 200k I will turn into 400K by the end of the year sir


    Really it drive me crazy to see rich kid earned $200k to their anniversary and don't know how to do with it and probably lose all these $200k in the end of the year as I lose $30 for try something, because yeah having $200k on the bank without business mind look like rich kid by family... because if you had earn this money you will know what to do with it
     
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  19. Webba

    Webba Newbie

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    ok, it's funny the way you say $200k in the tittle, as for most humans that amount is 5 or 10 years of hard work, but here i come:

    If you want a business that runs free, with a minimal investment and something you can grow quickly, look for a Saas Business type, i personally run 3 of these, each is generating $xx,xxx a month ( Saas is subscription based), also the way to market is adwords, dont know how to run a successful campaign? You hire someone that does!.

    If you dont want to invest big on coding your Saas, you can always go for a white label solution, so $200k will end up been $2M to $5M in no time
     
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  20. Webba

    Webba Newbie

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    oh i almost forget it, please use the Saas to solve someone else lives, and make them easy to do repetitive task, look for a solution that covers a pain and solve that pain with software.... MAGIC i'm telling you