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New Business/Investor Startup!

Discussion in 'Making Money' started by jammie, Feb 26, 2008.

  1. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    Hi! Well im new here, my names Jamie, im 18 and live in the UK.

    Basically, im either looking to start a business or start an investment portfolio.

    I have £2500 (about $5000) startup capital available, and another £1500 ($3000) if really required (god bless interest free student overdrafts!).

    i know enough about business to get setup legally etc. but my problem comes to marketing. im looking into direct sales marketing atm (i.e. mail order) but all the books i seem to read use the "SRDS direct marketing list source" ... which doesn't exist in the uk! so i've pretty much hit a brickwall there in regards to reading.

    I was thinking about contacting some of my Niche's magazines advertising dept.'s and asking if they have lists for sale, but im not sure if it works the same in the UK as the US.

    My other option is to trade futures/forex. i know little about either of these (if anyone has any good recommendations i'll be very grateful!). Would it be better to make a small investment and learn the ropes manually, or to invest everything and leave it to an auto trader?

    Simply put, which would be you're chosen path, and why? i'm talking risk & time consumption Vs. profit etc.

    If you were in my position, what would you be doing? Im only 18, have limited funds, basic (but quite broad and specific) knowledge.

    Im sure with some help off BHW i can start something to help generate some basic income!

    Many thanks,

    Jamie
     
  2. zskk1

    zskk1 Registered Member

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    Put it on black. Almost a 50% chance of doubling your money.
     
  3. antx16

    antx16 Power Member

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    here is a good start for you jamie dont tell anyone you got money or they will find a way to scam it off you
     
  4. caretaker2007

    caretaker2007 Power Member

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    I would 80% put it in an IRA type account with it split 25% low risk, 35% medium risk, and 45% high risk, then evaluate yearly to see if you should shift it around. After investing the majority of the money I would come back here and see which bits of information appealed to me and work on those as projects to make more money to feed the IRA type account, a savings account, living expense, and reinvest the rest in to expanding the paying projects and build new ones to replace the one that did not do so well.
     
  5. Black Hat Seo

    Black Hat Seo BANNED BANNED

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    Jesus is the Euro really worth twice the dollar? Shameful.

    Anyway, if you really have that kind of startup cash, you are way ahead of most new internet marketers who can barely keep their electricity on.

    Don't invest it in any "system" or "course" that's supposed to teach you everything you need to know about marketing, you'll learn very little and besides, you can get most of those courses here on Black Hat world for free :)

    There are about 10,000 things you can do online with $5000 bucks and make a very nice profit, but I'll just give you one quick one.

    Go on a freelance site like Rentacoder and get someone to build you a nice looking "bulk traffic" selling site. Maybe duplicate a design like this: get-visitors-now(dot)com, should only cost a few hundred dollars to have created.

    There are tons of wholesale sources for traffic which you can buy one million hits per month for maybe $100 bucks.

    You resell the traffic as your own website maybe at $29.99 for 30,000 hits or something to that effect.

    Take a couple hundred bucks a day and advertise the site under keywords like "buy traffic" "bulk traffic" etc, and you'll make a nice profit everyday.

    You'll need a merchant account to process orders, you can go with any one of 500 companies to provide that.

    Anyway, bulk traffic companies do very well if they are advertised, some webmasters are stupid and think that buying that many hits will guarantee them a few sales, and some just need the traffic to make thier site look popular.
     
  6. caretaker2007

    caretaker2007 Power Member

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    75 pound was worth $120.01 earlier today, so your 2500 pounds is closer to $4,000.33.
     
  7. Goro

    Goro Newbie

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    Can you please suggest me ones? I have tried with immensehits*com and got totally scammed :(
     
  8. cashsalute

    cashsalute BANNED BANNED

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    Hey feel free to contact me, I'll help you figure out what you want to do and we can discuss all sorts of options for you.
     
  9. jammie

    jammie Jr. VIP Jr. VIP Premium Member

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    cheers for the advice so far!

    instead of sending PM's to people to discuss stuff, i'd rather it be in the open for people to discuss; thats the idea of a forum isnt it =]

    i was thinking about having some health conumables made (import from china/east asia) then private labelled, marketed to a niche like power lifters or edurance runners etc. but im still going through the figures atm.

    i know about those "systems" & "courses", never bought one, but i've *borrowed*;) a few to read. the only one i ever really liked was "12 month millionaire". has some damn good ideas. if its not up on here i'll stick it up! and so is "4 hour work week", changed my whole perspective on life!

    caretaker - only problem with your idea is we dont get IRA accounts over here >.<

    i think im going to put £1k aside for low-risk investment, put £1k into forex, and see how that goes, then if that all fucks up, go put the rest into product manufactuer and marketing and see how that goes!