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Start up Capital

by Stringablaze
11 replies
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I need to get dollars at one time but that is about it. Considering i live in Los Angeles where the cost of l
#capital #start
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  • Profile picture of the author Enfusia
    There are two ways you can do this.

    1. You have 24 hours in a day just like everyone else. You need to sleep 6 so that gives you 18,

    You're current work is likely 8 hours. Take 2 hours to pee, poop and eat. This leaves you 8 hours.

    Get a 2nd job and save the money.

    2. Same hours scenario as above, but instead of a job you do this:

    Find your passion. Turn it into a blog. Build a list. Create your 1st product (an eBook maybe). Sell it and raise the money.

    They are both realistic.
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    • Profile picture of the author Stringablaze
      I am currently working on both approaches.

      Thank you!
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  • Profile picture of the author Martin Kuo
    Don't wait until you are ready to start because then you will never be ready. Start taking action on whatever you have learned so far start small and find out what works and then scale that up. Even if it does not work out then at least you know what doesn't work so you could try a different way. Don't be afraid to fail because that is the only real way that you are going to learn.
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  • Profile picture of the author Importexport
    Why would you need such a big amount of cash to get started in Amazon FBA?

    It seems that you are probably intent on buying an insanely expensive course.

    Walter Hay
    Provenchinasourcing
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    • Profile picture of the author Stringablaze
      How much do you think I need to get started?

      What course do you recommend? Yours?
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  • Profile picture of the author fratt55
    hey there

    Do it my way...i was in simular situation when i started and i did the following:

    if you have low to average credit you can get 3 credit cards with each $1000 limit

    you can get it easy at www. capitalone.com

    sure the interest rate sucks.. but it will get the job done...

    you will be able to have the funds to get the business going...now you may not see a paycheck for

    about 6 months so you need to find a way to cover credit card payments for 6 months until the
    business start making some sales

    ok
    talk soon
    sam f
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    • Profile picture of the author Stringablaze
      My credit not very good. Less than 600.
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  • Profile picture of the author DWaters
    When I started my FBA business I learned from Jim Cockrm"s Proven Amazon Course which IMO is reasonably priced and is a great value because so much is included in the course with more significant content being added all the time.

    My initial inventory cost was zero as i actually sold several (new) items i had around my house. So my initial seed money that I used was minuscule. Trust me it can be done >>> learn, start small and build up your business from there.

    I must say I was a bit confused when I first read your post as you mentioned digital marketing which to me implies selling a digital product while FBA is for physical products obviously. Also there is generally no need to "drive traffi" as huge amounts of buyer traffic are already on Amazon. At times you may want to run some of Amazon's sponsored PPC ads but that depends on the specific product you are selling.
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  • Profile picture of the author technicky
    Working online doesn't need a big amount of money to start.
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    • Profile picture of the author Stringablaze
      How much do you think I need initially?

      And how exactly should I allocate the money?
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  • Profile picture of the author uncia
    You said you have read a lot on digital marketing.
    Put that knowledge to use as freelancer. If you are planning to do e-commerce, try to find a copywriter, virtual assistant, marketer gig. Good place to start is Upwork.
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