How would you multiply $50k?

TheItalianJob

TheItalianJob

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Hi guys, any suggestions on how to invest $50k to multiply them?
Was thinking to create a niche website or webapp, but not sure that's a wise decision. I also invested some 10k in BTC, preparing for the halving.
What would you do with $50k?
 
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I would open any online agency. For example, web design or digital marketing. I would invest half the money in advertising, and the other half to hire employees. In about 10-12 months I am 100% sure I would have a net profit of $50K+ per month.
 
Invest it in something that you are willing to also invest time in scale it and that you like!
 
How did you get that 50k
I would start from there
 
AuxWritzau said:
Focus on something you already doing that works and upscale.
Click to expand...
Yeah. How to multiply if you don't know anything? There's only some risky options like JV's but you'd not know who can be trusted...

Just read the forums and consider some popular topics like CPA, automation, small business / services, youtube, social media. This type of budget is more than enough. Some people started off $1k and they scaled it to millions.

I personally would do some phone farm and pay someone to write time consuming parts of needed software for me. I would split my responsibility with outsourcing, so I could focus on adding more devices and testing new ideas / tweaks / exploits.

Of course do it in a way, so that writers of software can't replicate your setup...

Maybe I could also start a proxy business if I dedicated time to learning networking.
 
Last edited:
not to be pedantic but this topic gets asked over 100 times a year.

its always replies that won't scratch the surface for you. "invest in real estate" "build a website agency" "buy crypto". as if you need a community mastermind to come up with such fantastical ideas.

its an intimate question and one you need to dyor on. nobody here knows your litany of skills and experience.
 
To give you more context, how did I earn 50K? I started freelancing online on the localization niche and technical support. I've been lucky to get full time contracts from big companies. Not sure how to scale this, as I'm already working 10/12 hours per day.
My skills are localization, keyword research, SEO optimized content writing, technical translations, and technical support.
I can easily set up landing pages or WP websites
 
with 50,000 in the stock market you win 15000$ a year

split the money into different companies so you don't lose

split it into 20
 
TheItalianJob said:
I also invested some 10k in BTC, preparing for the halving.
Click to expand...

I have an advice for you. I am not teaching you or anything but Keep a profit in your mind and loss too. Because price increase after halving is uncertain.

Make sure you get out once you reach a certain amount of profit that you have in mind.

And vice versa.

Good luck.

---
Regarding your question for suggestion. Gambling is my best suggestion. Try games like mines with less odds of losing.
 
TheItalianJob said:
To give you more context, how did I earn 50K? I started freelancing online on the localization niche and technical support. I've been lucky to get full time contracts from big companies. Not sure how to scale this, as I'm already working 10/12 hours per day.
My skills are localization, keyword research, SEO optimized content writing, technical translations, and technical support.
I can easily set up landing pages or WP websites
Click to expand...
Outsource that work and get more contracts. Use your success to date as case studies to build trust of what you can achieve for clients.
 
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