Business/side hustle.

[Angelina]

I’m interested, who has their own business. It could be a physical store or an online one.

1. What were the major difficulties?

2. Is it a side hustle or your current main occupation?

3. How successful would you say your business is?

4. For those that don’t have a business but want to in their future, what type of business do you want and what niche?

 

[𐒁𐒚𐒒𐒂𐒘𐒂𐒗 𐒎𐒚𐒗𐒗𐒒]

Good topic, interested to read the comments!

 

[repo]

I’m interested, who has their own business. It could be a physical store or an online one.

1. What were the major difficulties?

2. Is it a side hustle or your current main occupation?

3. How successful would you say your business is?

4. For those that don’t have a business but want to in their future, what type of business do you want and what niche?

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[Bebsi]

Thought to start something like this with some friends never got round to it.

Buy what’s trending from that Chinese website for cheap (they sell stuff for £2 or less), Ali Baba I think?

Sell on Amazon for x3 but reasonable price say £6 to £10.

Profit.

You need keep up with trends though and market is already saturated, keep ahead of the curve and sell what’s ‘in’ at any one time.

 

[K-M-O]

I’m interested, who has their own business. It could be a physical store or an online one.

1. What were the major difficulties?

2. Is it a side hustle or your current main occupation?

3. How successful would you say your business is?

4. For those that don’t have a business but want to in their future, what type of business do you want and what niche?

This is interesting.

Are you into pursuing a business digitally or non?

 

[Thalassocracy]

Sell clothing

source it ethically and cheaply , get what people what, profit

I’d sell irl along w online to people you know because oral reputation is stronger and spreads fast even though the pool of potential customers might be smaller

 

[JohnCena]

Tutoring business is a good option if you're educated in certain topics(ie Math/English)

Cleaning Business is another good option. You can work alone as well and do contract work.

Vending Machine is another good option.

Buy clothes/merch and sell it on amazon. Seen a lot of teens on tiktok make a killing on it.

 

[K-M-O]

Tutoring business is a good option if you're educated in certain topics(ie Math/English)

Cleaning Business is another good option. You can work alone as well and do contract work.

Vending Machine is another good option.

Buy clothes/merch and sell it on amazon. Seen a lot of teens on tiktok make a killing on it.

Self-made business >>> working for some faceless corporate.

 

[Angelina]

Sell clothing

source it ethically and cheaply , get what people what, profit

I’d sell irl along w online to people you know because oral reputation is stronger and spreads fast even though the pool of potential customers might be smaller

I don’t think clothing is great in this current economy. We’re practically going through a recession. Selling something people need and that solves a solution is your best bet. With money being tight for a large selection of society, I think you’ll find that people will try and make do with what they currently have.

 

[Arma]

Nice try HM Revenue & Customs (HMRC).....

*No comment

 

[Angelina]

Nice try HM Revenue & Customs (HMRC).....

*No comment

Yeah, if I was you and someone was reading, i'd be worried. I mean you have your face all plastered on this forum. Very brave indeed.

 

[JohnCena]

@Angelina did you ever figure one out?

 

[DR OSMAN]

@Angelina u need a 'strategy' not 'ideas' or else the ideas generated for u, u can't assess against ur strategy.

My strategy is short-term investments n long term investments separated into two different 'stages'.

During the short-term, I want to build 'capital' thru short term investments and store it in 10% interest account so it's always above inflation.

This is the hard phase to scout these investments but u need a 'set of rules' established on what u want, risks involved, balancing it out against how quick u can 'accumulate money'.

Long term investment is 'land, antiques, jewellery' for me personally. Stock market is long-term also but u need at least a 'million' before u even enter it especially low risk and 'safe industry returns', becuz the stock-market is saturated with investors meaning the benefit is spread out across 'many ppl' u will only get crumbs if ur not layin down 'significant amount'.

Im still researching 'short term investments' and will stick to this model for over 10 years untill I accumulate enough money to begin long-term investment strategy.

 

[DR OSMAN]

@Angelina another piece of advice select a career where u can work from home so u can table to them that u wud like to work from overseas(poor countries), keep ur salary high while your expenses low and follow that investment strategy I told u(long, short term), u will be a multi millionaire in very quick time.

The quicker u get rich is the key to beat inflation/expenses/etc. Plus write up ur will n inheritance while your not to old and provide ur 'strategy' to your kids and make sure they pass the wisdom along so 'generational wealth' is developed.

 

[johnsepei5]

Saving up some money from my salary to buy an apartment in Nairobi to rent out just in case unemployment ever hits and robots take over