$5,000 to Start a Business

35 replies
You have $5,000 what type of business would you get into? What would be your best bet?
#business #start
  • Profile picture of the author ChristianLemke
    Something i love to work every day :-) Do you have some hobbies or something you can do all day and night? Special interests or knowledge or passion for some niche?
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  • Profile picture of the author PBScott
    $5000 can't start a business you can make a living from... with the exception of a service like cleaning, painting, landscaping etc.
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    • Profile picture of the author Miguelito203
      Originally Posted by PBScott View Post

      $5000 can't start a business you can make a living from... with the exception of a service like cleaning, painting, landscaping etc.
      I'm not a lawyer. However, a business is really just a piece of paper with tax benefits, so technically, you could. A lot of people in the States with businesses in all kinds of industries start LLCs (Limited Liability Corporations). Heck, a lot of larger companies (e.g. Youtube) are LLCs, too. However, a lot of people who make money online just make money online and include it as earned income and what not. Where you live in the country matters, too. There might be local laws that effect one person and not another.

      Joey
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    • Profile picture of the author Steve B
      Originally Posted by PBScott View Post

      $5000 can't start a business you can make a living from...

      No doubt your bias comes because you haven't been able to do it. I have. Many others have.

      You can start a business for almost nothing. You can get set up with less than $50 if you're willing to start lean, invest your profits, and work hard.

      That's what I would do. Use the remainder of your $5,000 to ramp up your sales . . . but only after your have a profitable system in place.

      Create, build, and nurture an email list of subscribers.

      Start by making $25/day (that can be one sale). Then ramp up to 3 sales a day. Keep growing your business with the profit you make. Within 6 months you might be making 10 sales a day.

      Leverage other people's lists in your market (those you don't directly compete against) to expose your business to new prospects.

      Add additional products to your system. Focus on providing great quality products at a higher price. Add a subscription web site for your really fanatical fans. Set up an affiliate system to leverage the hard work of others.

      You don't have to have $5,000 to begin a business that pays you a full time income. The best you can do is use that money to do smart marketing.

      Steve
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      • Profile picture of the author Jonathan 2.0
        Originally Posted by Steve B View Post

        That's what I would do. Use the remainder of your $5,000 to ramp up your sales . . . but only after your have a profitable system in place.
        Essentially that's what I would do:

        Test something for a relatively small percentage of the money and then (if it's a "winner") invest the rest of the money into it.

        If you're thinking of running an "Information Publishing Business/Website" you can test your idea for very little to see if it works before investing more money into something that may not be profitable.
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        "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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  • Profile picture of the author Miguelito203
    Originally Posted by DURABLEOILCOM View Post

    You have $5,000 what type of business would you get into? What would be your best bet?
    It really depends on what you want to get into. You kind of have to explore your options. You might decide you like niche blogging, publishing on Kindle, ghostwriting, having a PLR store, Fulfillment by Amazon (most expensive to get started of the options listed, popular for people who have the money and are into physical products) or something else.

    Joey
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  • Profile picture of the author richrowley
    I'd have answered this question differently if you'd asked me 12 months ago. Now I'd invest all of that in paid traffic from top PPV sources such as TrafficVance. Then I'd hammer this lovely big world of affiliate marketing.
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    • Profile picture of the author salegurus
      Originally Posted by richrowley View Post

      I'd have answered this question differently if you'd asked me 12 months ago. Now I'd invest all of that in paid traffic from top PPV sources such as ....
      And your sig also happens to be advertising PPV ? Coinsidence ???
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      Think of how stupid the average person is, and realize half of them are stupider than that.

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    • Profile picture of the author arojilla
      Originally Posted by richrowley View Post

      I'd have answered this question differently if you'd asked me 12 months ago. Now I'd invest all of that in paid traffic from top PPV sources such as TrafficVance. Then I'd hammer this lovely big world of affiliate marketing.
      In paid traffic... for what exactly? A blog? A landing page? ... Yours is like half an answer.
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      [...]

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  • Profile picture of the author oppyeaunome
    If I had that type of money to invest right now I would do what I am currently trying to do and that is building a mobile marketing agency. In short what I mean is I would use that money to get into mobile CPA marketing.

    I would join a forum like Stack That Money and I would begin to obtain the knowledge that I need and use that money.

    The thing with mobile CPA is that the whole $5000 could be lost the good thing is that is enough money for you to begin buying data with and with that data you would be able to make better decisions and could probably do some tests and be able to turn that into a huge profit.

    I have seen people in CPA marketing who have been able to use less money than this and now they have million dollar companies. Take a look at Charles Ngo for example. He had loans and only about $500 per month to invest and now he has two 7 figure companies.

    It all comes with hard work and persistence as with everything in the internet marketing world. You have to be willing to put in the work if you want to see the success.

    Just my two cents

    Tre
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  • Profile picture of the author safrasolutions
    CPA is one avenue for sure. Last year when I explored stackthatmoney.com, they made mention that if you get involved in CPA, you definitely need at least a $1000.

    Another option that I would strongly consider is private label FBA. Alun Hill teaches this in his Udemy course which I highly recommend.

    Create a great app by hiring ssomeone on elance or upwork to make it for you. Cost you a few thousand and it can pull in $30k a month.

    If you're looking for offline business ideas, move to Panama and open a hot dog stand on the beach along with tanning chairs and umbrellas.

    I highly recommend a website called side hustle nation. Check it out.
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  • Profile picture of the author Lurk
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    DONT USE TIME CARELESSLY FOR IT CANNOT BE RETRIEVED. -LURK

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  • Profile picture of the author Gambino
    White label products if I had little or no knowledge. You could start with $3000-3500 and have a stable and sustainable business within a year.

    Currently establishing a membership/subscription site with about $3000 investment. Which to me, is the best type if you can do it.
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  • Profile picture of the author Jeff Lenney
    Originally Posted by DURABLEOILCOM View Post

    You have $5,000 what type of business would you get into? What would be your best bet?
    You've been here since 2012 and don't know how the search feature works yet?
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    • Profile picture of the author Lurk
      Originally Posted by Jeff Lenney View Post

      You've been here since 2012 and don't know how the search feature works yet?
      http://www.warriorforum.com/mind-war...do-you-do.html
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      DONT USE TIME CARELESSLY FOR IT CANNOT BE RETRIEVED. -LURK

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    • Profile picture of the author myob
      Originally Posted by Jeff Lenney View Post

      You've been here since 2012 and don't know how the search feature works yet?
      Shhh... These posts of his are examples of sig marketing and exposure using forums; one of many powerful and effective MLM marketing techniques taught by David L Feinstein in Masterminding a Massive Downline Explosion".
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  • Profile picture of the author nick77jq
    I'd invest it in income and value stocks on the stock market and reinvest the dividends. That's $1,100 a year if it follows the DJIA. I'd use $500 a year to build custom blogs and pay for articles with SEO and see how it goes. If it turns out to be lucrative, I would invest more. Actually I have $5,000 to start a business, this is kind of what I'm doing now (About 3k onhand), only the stocks need to perform per annum before I get going. I would always vest in assets before businesses because small businesses fail much more frequently than large businesses. It's a general rule, I think, if you're simply trying to make money, to treat business like an investment.
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  • Profile picture of the author phoebe2015
    this is what I'll do:

    Enter CPA marketing (either desktop/mobile):

    $3k: spend it on a good coach. (cuts all the trial and errors and show you underground real affiliate marketing, especially if you are new to this biz)
    $2k: initial starting up traffic. (to make even more money).

    just my preference...
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  • Profile picture of the author winnermarketing
    I would sell affiliate products. I would spend not to much money to build my website/blog buy domain, and I would focus on a scalable traffic campaign as facebbok ads
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  • Profile picture of the author nahid7
    Internet Marketing; I believe it can change many things in life ...
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    • Profile picture of the author Gambino
      Originally Posted by nahid7 View Post

      Internet Marketing; I believe it can change many things in life ...
      Red is my favorite color.

      (Just contributing another useless post).
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  • Profile picture of the author Webkingseo
    $5000 is a lot of money to start a business , If i have to start a business in $5000 , I will make few good content rich websites/blogs for affiliate marketing and then use paid advertising to get traffic on it, make a list,and then sales
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  • Profile picture of the author mirbaharbd
    Originally Posted by DURABLEOILCOM View Post

    You have $5,000 what type of business would you get into? What would be your best bet?
    Just start by buying a Domain & Hosting, then start writing some article. After posting some content, you can do some SEO to increase your site traffic & page rank. Finally you will be able to choose any way to earn money. During that time you will found many ways to earn such as Affiliate Program, Adsense or, even you will be able to sell your own products if you have. Best of luck.
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  • Profile picture of the author Randall Magwood
    I'd probably build a fetish porn site dedicated to young dudes who love fat older woman. They're dream is to live off of these women so that they don't have to work EVER (don't ask me how I know this). I would use this site to bring them 1 step closing to achieving that dream.

    Then I'd backend them with a dating course for $300. Ads all over the site... pics, clips, and even tube-style videos.

    What yall think? (don't steal my idea)
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    • Profile picture of the author Lurk
      Originally Posted by Randall Magwood View Post

      dream is to live off of these women so that they don't have to work EVER (don't ask me how I know this).

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      DONT USE TIME CARELESSLY FOR IT CANNOT BE RETRIEVED. -LURK

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    • Profile picture of the author safrasolutions
      It sounds like you've given this one a lot of thought.

      Originally Posted by Randall Magwood View Post

      I'd probably build a fetish porn site dedicated to young dudes who love fat older woman. They're dream is to live off of these women so that they don't have to work EVER (don't ask me how I know this). I would use this site to bring them 1 step closing to achieving that dream.

      Then I'd backend them with a dating course for $300. Ads all over the site... pics, clips, and even tube-style videos.

      What yall think? (don't steal my idea)
      Signature

      Fiverr Profits X is a value packed WSO designed to take even a new Internet marketer and teach them how to use Fiverr to generate an income that will give you more freedom. You can visit my site at fiverrprofitsx.com.

      You can also visit my personal blog at terence-stamp.com.

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  • Profile picture of the author Jonathan S
    Originally Posted by DURABLEOILCOM View Post

    You have $5,000 what type of business would you get into? What would be your best bet?
    My take is this - invest it in yourself... If you really want a profitable business, "doing what you want or doing what you love is NOT always the best move". If you love kickboxing, art, knitting, crochet, etc. etc. how on earth can you make a fortune out of that? In a gold rush don't dig for gold, instead sell shovels. 5K may not be enough to put you into the shoes of an investor or lender but more than enough to become a big one in profitable niches. Why don't you spend it for new skills that are highly in-demand in today's market like coding/programming, web designing, etc. (e.g. video tutorials, learning materials) and build an online business out of it? The internet has produced more millionaires in the last 10 years than the last 5 decades before it combined! The internet is so powerful, it has scale and magnitude and has the capability to get things on autopilot.
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  • Profile picture of the author jamesperez
    Banned
    $5000 is a big budget to start a business. You will get a perfect business starting with it if you can invest it in the right way...
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  • Profile picture of the author durjoy
    Hi,you want risk free trade??the I want to tell all viewer about best binary options software!! " Mike’s AutoTrader " software is totally risk free trading software you will cheek> (tr.im/AutoTrader) to start trade and enjoy your trading life and get more money very easy.......
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  • Profile picture of the author Kabbas
    I would invest in marketing, namely:

    1. PPC
    2. SEO
    3. Banner ads
    4. Solo ads

    With 5.000 dollars, you could build a tremendous list, and if you're new, Get ahead really fast.

    - Kabbas
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  • Profile picture of the author sk8itkez
    I'm interested in purchasing an ecommerce business but don't know where to start. Looking for a possible mentor and/or partner.
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  • Profile picture of the author surfer30
    I wanted to send you an article i already read it on some blogs but honestly don't remember the blog
    The article is about. How to start a business online with $500 ?

    It is great and you will learn a lot from it
    ask some warriors they may remember.
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