is $3000 a good way to start a business?

18 replies
is $3000 a good way to start a business? iam brand new in this game and want to quit my job like everyone else just be my own boss thx young and hungry for knowledge
#business #good #start
  • Profile picture of the author PrestonPilgrim
    What do you mean by $3,000?

    Can you explain more?
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  • Profile picture of the author Subseven
    Money only gets you so far. You need to invest time, gain knowledge and actually have a plan. $3000 is not a plan. You can try and use the $3000 to the fullest, by for example getting a mentor.
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    • Profile picture of the author PrestonPilgrim
      Originally Posted by Subseven View Post

      Money only gets you so far. You need to invest time, gain knowledge and actually have a plan. $3000 is not a plan. You can try and use the $3000 to the fullest, by for example getting a mentor.
      He said it all. You have to invest in yourself to develop and learn in order to make the big $$$ online...

      Become a student of the game and never stop learning...
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      • Profile picture of the author pro2sell
        finding a serious bizop is not always easy. most of the self called gurus want just one thing: YOUR MONEY

        So be careful what you do with it. step into game but keep your pockets closed untl you are 100% sure you'll get the ROI! spending all your money at the very beginning is fatal! later, when you have enough to play with, you can invest in things that are a bit more risky. then it will not hurt that much. but it does anyway

        you should start to join membership sites, forums etc and look if they provide interesting courses for FREE. there are many sites like this one here, but you will not find any value in most of them.

        first of all you should decide what kind of game you'd like to play. affiliate marketing, product creation etc...

        gimme a shout if you'd like to learn more
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        • Profile picture of the author legitstore1121
          is there any member ship you had in mind or other forums so that i can get more knowledge on succeeding


          Originally Posted by pro2sell View Post

          finding a serious bizop is not always easy. most of the self called gurus want just one thing: YOUR MONEY

          So be careful what you do with it. step into game but keep your pockets closed untl you are 100% sure you'll get the ROI! spending all your money at the very beginning is fatal! later, when you have enough to play with, you can invest in things that are a bit more risky. then it will not hurt that much. but it does anyway

          you should start to join membership sites, forums etc and look if they provide interesting courses for FREE. there are many sites like this one here, but you will not find any value in most of them.

          first of all you should decide what kind of game you'd like to play. affiliate marketing, product creation etc...

          gimme a shout if you'd like to learn more
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  • Profile picture of the author Warrior X
    Well before you quit your job and drop a lot of cash...

    Take some time to learn. Some folks here have built full time businesses for
    far, far less than that. So it's more than possible.

    It's also possible to lose your money. You want to speed things up, find a
    good mentor to work with and spend the money that way. That's probably
    the best advice.

    Good luck,
    Jeremy
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  • Profile picture of the author owenlee
    Keep the $3000 first...

    Test out some of the free methods first and see which one suits you more...invest money to learn more about it and go from there...

    Using $3000 to test out all methods will drain you faster...you need to find one method that you feel confident

    Hope this helps
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  • Profile picture of the author bizgrower
    As everyone said, keep your money. ALWAYS all your life have at least the equivalent of six months worth of expenses in savings.

    Study the forum sections and see what business models and services or products interest you the most and follow the path(s).

    Also, start with subjects or products or services you already know something about and like.

    And, start with skills you already have or naturally do pretty well. Example: If you naturally write well, then it would be easier and faster to make money by learing how to write ads, content, or copy and then offer writing services. That was just an example.
    You know what you are good at doing as it relates to becoming self-employed.

    And, you can always change directions if you have to, or if you want to.

    Dan
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    "If you think you're the smartest person in the room, then you're probably in the wrong room."

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  • Profile picture of the author Trevor M
    The last thing you need to be thinking about is quitting your job. I'd say most of the people on this forum have a full-time job and earn money from IM on the side, or until they're making enough to quit.

    Invest in yourself. Invest in your business.

    Work out what you want to do and get out there and try it.

    - Trevor
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  • Profile picture of the author legitstore1121
    thanks for all the great answers
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  • Profile picture of the author chrisj9ball
    Originally Posted by legitstore1121 View Post

    is $3000 a good way to start a business? iam brand new in this game and want to quit my job like everyone else just be my own boss thx young and hungry for knowledge
    Be smart don't give up your day job until you are making money to cover your expenses by three times your break even point. when you first start out you will lose money everyone does. You will need to put alot of time and money into your projects. $3000 you could start, but it will take time to build up, and you could be waiting months for your return.
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  • Profile picture of the author JasonBennet
    There are many kind people in this Forum here who share many different methods to making money online. You will want to decide on one model to follow and stick to it. It will be more practical to invest the money into getting domain, hosting to get a website set up live and invest in marketing campaign. Keep going forward.
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  • Profile picture of the author Nicole K
    $3000 is enough to start a small business of your own. But spend it wisely only when you're sure of good returns.
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  • Profile picture of the author Andrey Doichev
    $3000 is more than enough if you're going down the right path. You can build a 3-5k a month business with 1/6 of your budget. Just don't look at money as a shortcut to success and you'll be fine.


    But yes, it definitely is enough. I would suggest you look into coaching/mentoring, but be carefull if you choose to invest your money in somebody else
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    • Profile picture of the author AndrewCavanagh
      You really need little to no cash to get started in internet
      marketing.

      Having money can be a disadvantage because you'll be
      looking to buy a solution instead of doing the work to really
      train yourself and develop your skills.

      I don't know of anyone who has purchased an online
      business for $3,000 and made a good income from it.

      But I know plenty of people who've worked hard to
      develop their skills and build relationships with people
      in the industry and got to the point where they have
      full time incomes or very serious incomes.

      You can definitely make a good living in internet marketing
      but it won't be with some cookie cutter solution.

      You need to put yourself into it...your unique personality
      and your hard work and effort and you need to persist
      until you hit on something that works for you.

      Kindest regards,
      Andrew Cavanagh
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  • Profile picture of the author Frank Donovan
    Originally Posted by legitstore1121 View Post

    is $3000 a good way to start a business?
    No. A business starts with an idea. You follow that up with research to determine its viability. Then you create a business plan and a cash flow forecast. That's what tells you how much you're going to need to get started.

    Coming up with some abstract figure and trying to graft a business on it is doing the process backwards.


    Frank
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  • Profile picture of the author BubbaGump
    Yes. More than enough. But be careful, you can blow all of that in one day online.
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