I'd say do a bit of market research and start something that is closely related to one of your passions. I'd spend a portion of that 10k just investing in a course or mentoring or some kind of education on whatever that passion is.

To be honest, there's a ton of businesses you can start without even half that money. What will determine your success in the venture is really yourself.

I'm sorry if the answer wasn't as clear and precise but out of the hundreds of opportunities out there, it's really hard to pick one without a certain level of clarity.

We can all learn a little something from THESE women:

Successful Women, Inspiring Stories on Influential Business Owners - InfoBarrel

Some started out with much less than $10,000, btw....

You can do a lot of things with $10,000.

One idea, one I hope to implement soon , is to start a membership website in a health related niche that aims to solve a specific problem.

This membership website will charge something like $77 (or) $97 per month. It would contain educational videos, a guide (backing the videos), a forum, weekly webinars, and eventually a few web based tool that help members in some way.

The money would go into the development of the entire website (including the content explained above) and the first month's marketing campaign.

If you get 100 members the first month you will get your money back.

Join a online network marketing business, and start driving traffics to it

why?

1) Online Network Marketing business are dirt cheap to join
2) It's online so you don't have to do the cold-callings
3) It produces residual income = Long term passive incomes
4) Do and forget method

Sign-up with an online network company for less than $50/= per month. The rest of the money you can hire Article-writers to write for you.. all the articles will be promoting your new online network business. Articles will be in the directories for many years to come, so it's simply set and forget.

You can hire a article-writers for prolly $5 - $10 per article. with $9950 you can prolly get about 1330 articles for $7.5 per article. My experience, each article will bring you an average of 10 visitors (unique). 10 x 1330 = 13300 unique visitors to your affiliate links.

1% buyers = 133 sales.

Let's say the company you join pays you an affiliate commission of $35/= per month.

$35x133 sales = $4655 per month (about to break even in 2 months)

Losing money? No not yet, don't forget this is a network marketing business, the power of leverage, now you have 133 affiliates working for you. Meaning to say that your income per month will always be going up.



Hope you like the idea of leverage and networking

God Bless,
Jeremiah

Save it, you don't need 10 thousand dollars to start a business. If you invested the whole lot you might end up loosing it all.

But If you know what your doing you can go along way but you wouldn't need ten thousand dollars. Get a product outsourced, a mini site squeeze page outsources. Set up auto responder out source. Buy targeted traffic to build a list and start promoting related offers to it once it gets big enough. But you wouldn't need ten thousand.

Maybe 1000 or 2000 if you get it all out sourced, if you do it yourself it can cost you $30 for domain hosting and auto responder.

I wouldn't waste ten thousand dollars trying to start up a business, but that's just my opinion.

Right now, don't do anything with it until you can use it to play into your strengths. I wouldn't rush into creating a business if it does not excite you. Maybe collaborate with some people who have similar interests and perhaps diversify it into more than one area.

Find something that interests you. Start small, and when it is proving worth your time, you then have the money to quickly scale.

Aaron

Geez I would just go on another cruise

Here I am in my picture in the Bahamas on a cruise ship climbing a rock wall in the middle of nowhere......... look to the left

what is $10,000 if your a successful entrepreneur nothing but a drop in the bucket!

I was in a similar position.

I had this type of money spare, and I invested in the talents of an ESTABLISHED Internet Marketer and have never looked back.

I agree with the posts above and there's some GREAT advice.

Pick something you either like or have a passion for, then use that as a basis.

If your interested in the course I did, you can PM me.

This is a loose answer, as I haven't pondered it exhaustively...

But what I would probably do is:

Invest it in many websites (on flippa or elsewhere) that were already generating organic traffic and had a pre-existing income that I could feel good about.

I'd then create (or have created) short info products with which I could entice my visitors into signing up to my mailing list. Of course, I would have also pre-populated my autoresponders with years' worth of great weekly content, which I would have outsourced (or used top-notch plr).

From here, there are many directions in which a person could go. Product creation, affiliate marketing, building JV partnerships, or whatever business model fits each website's core niche.

Flipping some of these sites for a handsome profit is also a possibility.

Again, this is a very loose response. But I'm sure that the bulk of my 10 g's would go into something that at least smelled like all that stuff I just said! :rolleyes:

Thanks everyone for all your contributions to this thread! I really appreciate all your feedback. It was also great hearing everyone's ideas.

I understand that I don't need to use the entire $10,000 but I was just throwing that number out there because it is the amount available currently.

I still really like the idea of building an ecommerce store in a specific niche but it seems all the niches which I enjoy or have some sort of passion for are all pretty competitive ex; watches, gifts for men, electronics.

I also liked the flippa idea, I've actually thought about doing this for some time now but most of the sites on flippa don't really seem to be of quality and honestly i'm just scared of getting ripped off on there.

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