Virtual or Business ideas on 10k$ capital

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Bando banda

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Hello guys. Please I'm trying get my savings up by using my saved up money to try a business idea. Anything goes that maybe scalable properly in a short while

Need ideas.

Thank you for having me here
 
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Bando banda said:
Hello guys. Please I'm trying get my savings up by using my saved up money to try a business idea. Anything goes that maybe scalable properly in a short while

Need ideas.

Thank you for having me here
Click to expand...

Invest more into where the money came from

Invest only in business you have 90% control of

Invest only in business you have ample knowledge of
 
Hey there! With $10k, you've got a decent amount to get started on something scalable. Here are a few ideas that comes to my mind:

  1. E-commerce Store: Consider dropshipping or print-on-demand. You can start by picking a niche you're passionate about, sourcing products from platforms like CJ Dropshipping or AliExpress, and then marketing through social media.
  2. Real Estate Wholesaling: This involves finding distressed properties, getting them under contract, and then selling the contract to an investor. It can be done with relatively low upfront costs and can scale well once you get the hang of it. Need to be extrovert for this and open talking.
  3. Subscription Box Service: Curate niche products and deliver them to subscribers on a regular basis. This can start small and grow as your subscriber base increases. For example premium coffee or coffee machine on rent as a subscription, if you understand what I mean.
  4. Stock or Forex Trading: With a good strategy and proper risk management, trading can be highly scalable. However, it also comes with a significant risk, so it's important to be well-prepared.
 
1st learn and master a skill then dive into applying the skill in real life else you will face money drain in your venture.

For example, if you dive into ecommerce, dropshipping kind of model you must know excel and running ppc ads.
 
It depends on your location, experiences and skills.

For an online business, you can even start with less than $3K depending on your coach, tools and exact online business.

For an offline business, you can start less than $10k depending on your location and the exact offline business.

Where are you from?
 
How Will it help you if we will give you business ideas on field that you've never even tried working on before?

Lets say I will give you a Plan for Software Development online Sales, and you never actually tried it.
What are the odds you will be able to succeed in that area?
 
Hire a freelancer to create a SAAS for you, promote it and start earning from monthly subscriptions
 
Start a seo agency. There will always be some sort of demand. Current trends like AI will require capital much more than 10k.
 
With $10k, you might give a local business a try. I mean virtual businesses are good, but they are much more risky, especially if you don't have experience with them. You might start it small with let's say a stall or some other small business, and slowly turn it into something. And you may hire someone to make it all a passive income ;)
 
Bando banda said:
Hello guys. Please I'm trying get my savings up by using my saved up money to try a business idea. Anything goes that maybe scalable properly in a short while

Need ideas.

Thank you for having me here
Click to expand...
Congratulations.

So what is your current experience. Do you have any other businesses or a job

Do a SWOT.

Understand what will work for you and before you invest do some research.
 
MKSKS said:
1st learn and master a skill then dive into applying the skill in real life else you will face money drain in your venture.

For example, if you dive into ecommerce, dropshipping kind of model you must know excel and running ppc ads.
Click to expand...
Yes
The second thing is that you need a job of at least 8 hours/day to have living expenses and savings, this is to prevent the $10k business plan from failing or needing to expand
 
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