- Nov 27, 2014
- 211
- 54
Hi all,
I have $100,000 budget that I can use to start an online business. I have narrowed it down to media buying and product creation but I would like to hear some more suggestions. The problem with media buying is it isn't passive income. I have to constantly do campaigns work, such as create campaigns, split test changes, and watch stats every day. If I stop working for a few weeks or months, my income goes down to zero. And sometimes you have to spend quite a lot of money before you find a profitable campaign. I feel like this would be too much stress for me...or not...
I don't have any coding skills so I would need to hire people to create a product for me, such as mobile app or online software. But it seems like a lot of apps and software already exist so I don't know what to create. I also have to worry about the people I hire in case they abandon the project halfway through. I'm not sure if I want to create ebooks since there's so many ebooks and Al content out there.
I don't have good oral communication skills so I don't want to start a digital marketing agency selling online services to businesses. I just don't have the communication skills to do the phone calls and consultations.
I just came across phone farm but after doing some reading, it seems a bit too technical for me.
I have a bad habit of jumping from one thing to the next so this time, I actually want to focus on one thing and make it work. I'm considering going all in on media buying but would like some more opinions.
No offline businesses such as car wash, restaurant
No stock market, real estate, crypto
Just go into bulk email marketing.
Signup on websites that allow you to monetize your email content
Create a news blog
Invest on eMail database
Invest on servers for bulk emailing + IP addresses.
Thank me later.