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❓ASK Perfect amount to start a small business?

Razor1911

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The online business is booming. But in contrary, the local market is getting severely hit. Though the market is showing some sign of improvement, but still it will take time before it recover fully from Its lows.

To start a business after the pandemic, what should be your perfect amount of investment? I think for any small scale business, 5000 USD equivalent money will be sufficient. Though I know, that will mostly vary according to the country's inflation rate.
 
Now that covid19 is ravaging the world at large, any investor should look at for business to operate which is suitable in this era of covid19 and make reasonable sales.
 
Naturally people love better things ahead of them and people in business always wish to start big and be known in a short time but that's not feasible most times.
Not feasible at all my brother. You want the barber to barb you the style he made on your friends' but you two don't have the same skull shape. Our destiny differs.
 
Now that covid19 is ravaging the world at large, any investor should look at for business to operate which is suitable in this era of covid19 and make reasonable sales.
You have to help suggest for a small scale person like me because I remember importing face shield from China last year to stack up but at end i lost in the business as the price crashed to above what i paid per.
 
You have to help suggest for a small scale person like me because I remember importing face shield from China last year to stack up but at end i lost in the business as the price crashed to above what i paid per.
Do you know that since covid19 started, that online users have piled up in the last 14 months? So if you consider online investments like dropshipping, blogging, YouTubing, affiliate marketing etc, you'll gain as covid19 ravages.
 
Do you know that since covid19 started, that online users have piled up in the last 14 months? So if you consider online investments like dropshipping, blogging, YouTubing, affiliate marketing etc, you'll gain as covid19 ravages.
You will definitely make money from the means of earnings you mentioned because of high dominance of people online but the strategy or tricks are not easily accessible.
 
The amount needed to start a business depends on the type of business. Some small businesses establishment are capital intensive. For instance , the sale of recharging cards.
 
You will definitely make money from the means of earnings you mentioned because of high dominance of people online but the strategy or tricks are not easily accessible.
It's not easily accessible I agree with you with you. But one who has some funds and passionate around any of them can get started with determination.
 
It's not easily accessible I agree with you with you. But one who has some funds and passionate around any of them can get started with determination.
Determination drive the zeal and most times success is achieved in the long run, that is what everyone willing to start small should understand.
 
Nice one.
For you to list all these means you are into all. Blogging is Ok but bloggers flooding everywhere with fake news here and there copying content from other site have spoilt that line.
I think dropshipping is the one that tickled me most.
Do you know that since covid19 started, that online users have piled up in the last 14 months? So if you consider online investments like dropshipping, blogging, YouTubing, affiliate marketing etc, you'll gain as covid19 ravages.
 
Nice one.
For you to list all these means you are into all. Blogging is Ok but bloggers flooding everywhere with fake news here and there copying content from other site have spoilt that line.
I think dropshipping is the one that tickled me most.
Lol, I understand that some bloggers are violating some rules via blogging but many are still earning pretty well from it. Do doubt dropshipping is indeed profitable if you have ideas and creating your own E-commerce store to promote your own digital products.
 
Determination drive the zeal and most times success is achieved in the long run, that is what everyone willing to start small should understand.
Sure, determination is the key one. Anyone who is starting small should always be determined and passionate for the business he or she is going to make a successful run in the future.
 
Lol, I understand that some bloggers are violating some rules via blogging but many are still earning pretty well from it. Do doubt dropshipping is indeed profitable if you have ideas and creating your own E-commerce store to promote your own digital products.
Big time as blogging is now been seen as carriers of fake news and the upcoming ones are having hard to come up out of the level of cast as the earlier guys were the ones that are balling right now.
 
I think you should start with what you have , money or even talent or experience that you have in your life , better to start now than starting tomorrow .
 
Big time as blogging is now been seen as carriers of fake news and the upcoming ones are having hard to come up out of the level of cast as the earlier guys were the ones that are balling right now.
The issues of fake news will always surface around blogging, that doesn't mean, blogging isn't lucrative kind of job online again. Both the new comers will earn when they are passionate for blogging.
 
There is no perfect money to start a small business. It all depends on the start of the nation economy. Take for instance my country even you use a specific amount as little as $5. You will still look for more capital to add.
 
First of all it depends on your country of residence and I think $5000 as you have stated, is a lot of money in some countries. In my country, $500 is okay to start a small business.
 
It depends on the kind of business you plan on starting up, and of cause what you consider as small, what I might define as small might be totally different from what the next person would consider as small. You could use $300 to startup a small business
 
Amount is depend on nature of the business. Whether you are going to run a service business or physical product business. Normally physical products business require large amount of capital. And big amount of investment is necessary to run the business. Whereas services business dotn require large capital.
 
That is right. There is no perfect amount really to start a business. You ought to assess your country's economy and the
Exactly, you got the Point. The amount of capital to start a business will depends on the kind of a business one tend to start from small scale, and then the location also determined.
 
It depends on what kind of business you will do.. the starter funds varies because not every business is the same. One should start to think of the business kind first
Yes it is good to always find out the business you need to start then have a plan that will give you a fair idea of how much you would be needed then you quote the money.
 

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