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❓ASK What Online Business to Build with $10K?

Sandi Commando

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I am reading threads here and most people ask how to earn quick money online. I will tell you that by clicking, signing up, doing surveys, etc. you will never get rich. You will just waste your time for few cents. Not worth it unless you are 15 years old.

Now let me ask you something and hear from you. If you had money (lets say $10,000 USD) what business would you start? Seriously, think of something you would like and for what you think will be profitable long-term.

Lets see...
 
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If you had money (lets say $10,000 USD) what business would you start?
Here is a guide on building an online business with $10,000:
  1. Research: Research the market to find a profitable niche. Look for a gap in the market that you can fill with a unique product or service.
  2. Define your target audience: Identify your target customer and understand their pain points, needs, and buying habits.
  3. Create a business plan: Develop a detailed business plan that outlines your goals, strategies, and budget.
  4. Choose a business model: Decide on a business model that aligns with your goals and resources. Some options include dropshipping, affiliate marketing, or creating your own product or service...
With such an amount, I would make a diversified approach and do 3 things:
  1. Hire a few friends part time to make certain technical online tutorials and courses. These would be charged but at a low price. The aim to make a low but sustainable profit.
  2. Start a discussion forum with a few invited people at a low scale and then ramp up.
  3. Invest a bit and get paid promotion plans to ramp up our YouTube channel to get it to be monetized.
 
Yes,selling things online can be so advantageous because you can do marketing easily and also have many websites which can help you out.
 
If that is what you want I will advice you to go into forex trading, if you have knowledge and skills about forex then you can make alot of money from 10k investment,forex trading is very profitable if you have the proper skills to trade on the market, then buy some good trading software that can help you trade better,you can try high yield investment programs but its very far more risky.
 
If that is what you want I will advice you to go into forex trading, if you have knowledge and skills about forex then you can make alot of money from 10k investment,forex trading is very profitable if you have the proper skills to trade on the market, then buy some good trading software that can help you trade better,you can try high yield investment programs but its very far more risky.
I understand what you are talking about,forex trading is one of the best business so far but do you think you can make money from this business without skills?you can just go into the forex market and start making money thou I know there is alot of money there but you also need to spend some money buying one system and received some lecture that can improve the quality of your trading skills,ebook marketing is one of the business you can think of with this amount of money.
 
These are good busineses,I will invest mine into agriculture that is crop farming and animal husbandry, these are necessary for our survival, if well invested it a sure way
 
Be dedicated at all. When if comes to online businesses, the most profitable is in selling digital products which have the highest profit potential if it is of value to the billions worldwide. Low operating cost, no inventory, no shipping, etc.
You are right but getting the right digital products that are hot cake online might be frustrating especially for newbies sometimes. It has not really worked for me so far.
 
if I had 10k I would start many businesses. I will start with amazon FBA then dropshipping and also making viral blogs to get money from adsense. this how I see it
 
if I had 10k I would start many businesses. I will start with amazon FBA then dropshipping and also making viral blogs to get money from adsense. this how I see it
You are very right bro there are so many business we can start online droshiping is one of the best business we can do online but I can lay my hands on such fund I will invest in ebook marketing business and also rent some paid traffic which I can promote my blogs and earn more forex is also good but far too risky.
 
You are very right bro there are so many business we can start online droshiping is one of the best business we can do online but I can lay my hands on such fund I will invest in ebook marketing business and also rent some paid traffic which I can promote my blogs and earn more forex is also good but far too risky.
Yeah forex is risky and need a good education first, you can't make other businesses run with a team and you focus on learning forex that's a good thing to do
 
Yeah forex is risky and need a good education first, you can't make other businesses run with a team and you focus on learning forex that's a good thing to do

I totally agree, I wouldn't invest money in forex unless I was confident I knew exactly what I was doing. But equally, I feel like it's not everyone's strong suit - me included. So on that basis, I'd rather have someone do it for me because I can't get my head around it.
 
I totally agree, I wouldn't invest money in forex unless I was confident I knew exactly what I was doing. But equally, I feel like it's not everyone's strong suit - me included. So on that basis, I'd rather have someone do it for me because I can't get my head around it.
Before you go into the forex market you need knowledge and good skills that can enable you trade very well,there are so many system that you can purchase which will make you trade very well,its all require that you have ready money at hand and basic skills to trade and read the market reaction properly some courses at udemy can help you out.
 
there are so many system that you can purchase which will make you trade very well

Forex trades in foreign currencies, not "system". Or do you mean by buying those forex bots you will be able to make a lot of money without lifting a finger? All of them are scams.
 
From my own observation, I will prefer to invest some in the bank,then put some on forex trading after gone through a training...

Investment in banks have very low interest rates though. In here the local banks normally just offer about 0.3-0.5 percent per annum interest rates. It will be better if you invest those money into mutual funds or real estate.
 
If I have such money to invest in an online business I would open an online store where I will sell clothes and shoes. They're some of the most in demand commodity and there will always be a market for them.
 
If I get your question right. It seems you are looking for a business to start online with $10000 right?

I have these three top business ideas you can tap into;
1) Drop shipping

The basic idea behind an online drop shipping business is that, as a small business owner, you don't have to maintain a large inventory (or any inventory whatsoever) of products or handle any delivery to your customers. That eliminates the financial cost and risk of having a warehouse full of stuff you might not sell, and the hassle of arranging to send orders all over the country or the world. In fact, you don't have to manufacture or store any products at all.

2.) Affiliating marketing

Affiliate marketing is somewhat similar to drop shipping but with some key differences. With this e-commerce model, you again don't maintain an inventory of your own products, and you don't have to worry about shipping products to customers.
Basically, you pick a profitable niche for your online business, and then you find an affiliate partner who has products available in that niche. Some of the most popular affiliate sites are Clickbank.com, Amazon.com, and CJ Affiliate by Conversant (formerly Commission Junction). Between them, they offer just about any digital information product (like ebooks, audio files, video files) or physical product you can think of. Many big-name companies and brands like Wal-Mart and Home Depot run their own affiliate programs.

3.) Online store
You can also start your own online, like Amazon, eBay etc.

I hope you find these ideas helpful.
 
I think with $10,000,one can start a Fintech company. It's a lot of money in my country and I feel it should go a long way. People will need short term loans to sort out their needs. It could be loans for electronics, phones or even furniture.
 
I think with $10,000,one can start a Fintech company. It's a lot of money in my country and I feel it should go a long way. People will need short term loans to sort out their needs. It could be loans for electronics, phones or even furniture.
I dont have anything to do with loans and I never fine it easy dealing with loans.if this amount of money is withing my reach I will invest more online or create an online store where I can sell my personal item
 
If I have this Money i will prefer to invest offline and going into real estate business and Agricultural products supply. If online if involved in dropshipping and affiliate marketing full time , in fact I can split the money and invest in the four businesses.
 
10'000.00 US Dollars is a hug amount of money for investment, being it offline or online. You have to first, beware of online scammers. There are quite alot of them online. After saying that, I will recommend forsage, btc and online marketing

I have to say I agree. I would be very wary of investing that kind of money, especially online with so many scammers. I mean, as it stands, I refuse to invest even a penny on online schemes because I keep hearing so many horror stories.
 
With $10k I wil like to go for mini importation business like buying products from different markettplaces and selling mostly to people in my country.I will look at dealing with electronics and its accessories.

what is trending in my country,is who is with the latest gadget not what do you have,so I wil gladly take advantage of this to make money for their cravings.
I feel this is cool. Mini importation is like the beat small scale business for startup for people with that type of amount, buy an sell goods online and make momeyy
 

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