What kind of business should I start with seed capital of $25,000.
My friends told me an online business would be great. Do anyone have any suggestions? My friends said providing a service business online is the best......meaning something like some kind of reservation, or cost comparison business they seem to be hot.
Any input concerning online or off line business is welcome ..thank you!
2006-11-29 08:12:55 · 19 answers · asked by Anonymous in Business & Finance ➔ Small Business
anyone who says "Online business has Bad ROI is point blank stoopid".
anyways your friend is right. Service business online is one of the best ways. the best about this business is you can take it offline if you started out online or vice versa.
25000 for online business is too much.. I advice you to invest wisely if you are starting online(like on monthly basis and check your results and profit).
Most online business has low cost start ups. Just don't be fooled by website designing companies that'll guarantee top placements in google, yahoo for your site. They'll suck up your 25 grands in no time.
This is the start up cost for online business
domain name : $10 a year
Hosting : $5-10 a month ($60-$120) a year
Website design : You can get a decent design for $100 at elance.com
thats 230$ for first year. Now all you need to do is to spend some of your money wisely on advertisements. I suggest $5-10 a day. If you make profit from spending $5-10 a day.
Start investing more in advertising as long as your profits margins are good & increasing.
Here's Best Idea: If you are starting an offline business... invest $230 more in building a website for that offline business and promote your business online and offline both.
2006-11-29 15:07:20 · answer #1 · answered by crazylifestyleguy 2 · 0⤊ 0⤋
Avoid ONLINE business, generally the return on investment is poor because "EVERYONE" has an online business. Stick with tried and true service companies. Buy a carpet cleaning franchise, sewer cleaning, chimney cleaning, Go out and get some accounts.
$25,000 in seed money could be a good start to parlay into some real estate investments, perhaps rehabing and flipping homes, Sweat equity can build into more.
And with 25k in your pocket that is something you need to think long and hard about before it get frittered away on a new vehicle or a big screen TV and you have no value..
2006-11-29 08:25:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you are interest in a home based business, then call 1-800-342-0467 to get all the details on how to start your own business. It is a legit company that has been in business for over 6 years now. If you have a goal of making over $100,000 or more in a year, then this is for you.
2006-11-29 08:45:36 · answer #3 · answered by pyarirani4 1 · 0⤊ 0⤋
Find a business broker! They can help you shop for businesses in your area. You can use your money as a down payment on a business that is already making money. This eliminates most of the risk, and hard work that comes from starting your own business. If you need a refferal, e-mail me.
2006-11-29 08:21:18 · answer #4 · answered by Ron B 3 · 0⤊ 0⤋
I will suggest you to plan an advertisement strategy for your business. Today starting a new business is not that big challenge but actual challenge is to advertise that business in a better way. Start a business which has scope in your area. Whenever someone thinks to start new business first he/she should consider area (country, state and target customers) then make a proper strategy for new business.
2016-03-13 00:40:38 · answer #5 · answered by Anonymous · 0⤊ 0⤋
First what have you always wanted to do with your life? I think the business you should open is a business where you are the best at what you do, afterall you do not want to lose what you started. also please make a business taht will help so many people around you. And if you need more money you can always ask for a grant.
2006-11-29 08:23:21 · answer #6 · answered by mrsmoozab 1 · 0⤊ 0⤋
Depends on what kind of business YOU want to run. it sounds bad but YOU are the one thats going to be running this business right? dont let your freinds spend your money for you. internet business is ok but its alot of work sometimes. as all starting a business is. i would advise looking around your local community and see what service or product is missing and bring it to them. i would start small before competing on the internet. dont get me wrong the internet could be great wealth, however you dont want to be a small fish jumping in a sea of sharks do you? stay in the pond for a while and grow and then start to head for the sea ;)
2006-11-29 08:16:10 · answer #7 · answered by slaughterhousex 1 · 0⤊ 0⤋
I do ok with selling hosting and domains. No hardware to worry about and it's up and running almost immediately. There is a small investment required, but look at what you get for it. Well worth the try. Money back guarantee too. Click the link for details and good luck!
2006-12-03 04:15:19 · answer #8 · answered by Anonymous · 0⤊ 0⤋
1
2017-02-10 01:40:33 · answer #9 · answered by Dustin 4 · 0⤊ 0⤋
you should buy a house or a condo and use your money as a downpayment. then, rent out your property. it's a great way to make money. look for areas with low prices on homes. like Utah, Montana, Arizona, even some inlands in California, like Riverside and Corona. trust me, it works. the only way to get really rich over time is to buy houses, rent them out and watch your equity grow. then when you've accumulated enough equity, take out that equity and use it to buy another house. and so on and so forth. in 20 years you can safely retire early.
2006-11-29 08:54:11 · answer #10 · answered by humanbludger 2 · 0⤊ 0⤋