I have time and 100k. I’ve always done reselling for a side income and sometimes it has surpassed my main income.
However, it’s inconsistent and I feel like it may not be something that you can grow into an actual business, so I’m looking for ideas. Thanks
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Fashionable Hazmat Suits … for when the apocalypse happens and you want to look good!
3D Print Farm. You could pump out a lot of parts with very minimal work.
Real estate or GTFO. Look at what UHNW individuals invest in. Not business.
Buy a small-medium sized, established service company in an area with minimal online marketing competition. Think companies like landscaping/masonry. Companies that have some level of barriers to entry, since they require assets (trucks, tools, knowledgeable employees). The minimal online presence will make marketing easy with SEO and google ads. Recurring customer base with solid margins if you run it properly.
Whats SEO
I live in South America so prob different for me… there’s just so much untapped potential here. I dream of starting a cold brew company. Don’t think I need even close to 100k USD to get that going though. Would probably combine that with more of a passion project such a shop that acts as a front for the cold brew but also functions as a hi-fi sound bar + small clothing store.
I’m also from South America
Brothel.
buy rentals
you should be able to leverage 100K to buy atleast 1 rental, maybe 2.
once you have cash flow from your newly acquired rentals you can then use them as leverage to buy more.100k can go 100 ways. There’s some questions to answer here.
What do you want this to be? Is this meant to be a side hustle, or are you looking to grow something to become your primary thing?
How much time do you actually have? Are we talking 10 hours a week, or 40? Be realistic about this number.
Are you okay losing money for a while til you get to scale, or do you want immediate returns? What is your risk tolerance?
What technical skills do you have? If you’re looking to do a service, it’ll depend on what you can actually provide.
Do you want to be online, brick-and-mortar, make house calls? Where are you wanting to provide from?
If you’re not comfortable answering those, I’d stick to what you know and parking the extra in a safe investment.
I don’t have the capital to build these out myself , but I have a few ideas in the eCommerce drop shipping niche you can have.
They are already vetted ideas and I took a lot of the guess work out of the process - from domain names, customer base and branding.
All you would have to do is put the work in.
I can post them here if you want, or feel free to message me.
DM please
Small sheet metal manufacturing shop.
This will never go out of fashion. Assuming rent is $5k/mo you have 6mos of rent. $70k can get you a CNC machine, a press/stamp, lathe, a pipe bender, a welder, etc and probably some raw metal to inventory. It wont “pay for itself” within months but probably within a year or two, maybe sooner depending on what contracts/projects you land.
Is it really that doable to learn from scratch and get contracts?
I would imagine legacy relationships dominate business since its a more mature industry.
It is easy to learn if somebody trains you. People without any technical or academic credentials learn how to use AutoCAD/Solidworks , program CNC machines , and learn to work with metal
The demand is huge, you can find contracts. Doesnt have to be huge companies like Boeing. Can be medical start ups, small patio furniture companies, etc
Have you worked in such a small-scale shop before? If so, cool if I DM to ask you some questions?
Rentals are good but they’re not something you can really feel proud of unless it isn’t for the money.
Are you in the US? If so send me a message me if you’re open to the idea of partnering to import and sell jdm cars
You could always look for local laundromats for sale. The great thing about them is if you don’t give them much attention, they can still do okay. However, if you really wrench on them, you can really get a lot out of them.
Own a few myself and have thoroughly enjoyed it.
Congrats on the setup mate!
What was ur set up cost. All the machines and the infrastructure?
In your area are there less in house laundry machines available therefore people prefer coming to your business?
I live in a major US city so there are lots of apartments. But we have a number of different locations that cater to different demographics. One laundry is in a fairly affluent area so it is mostly people with large items like comforters or who have broken washers and dryers. Additionally, we do a lot of full service Wash and fold out of that location.
The first laundry I purchased was $140k. I brought about 50k to the table and took out a 90k SOFI. Was a bit of a big swing but I was confident in my due diligence. Good thing is you can buy fully functional laundromats (which I did) and start cash flowing day 1.
Use only a small portion of the 100k…and build it from the ground up
A thrift store that keeps prices below what the big box thrift stores sell their product for. More people are looking towards sustainability these days and with the crazy inflation in my country, people are desperate for cheaper alternatives
I would want to feel like I’m actually giving something back. I would also have a section of the store that sells vintage clothing and items and still keep costs lower than what overpriced vintage boutiques are selling. I’ve seen a local business owner in a nearby city be pretty successful at doing something similar, but they started their business during a better time and had more support and better assets to back them up than I do.
But I wouldn’t be doing it purely for the money. I’ve been selling thrift and vintage on and off for years and the connection I have with the customer is always more important to me than the money.
Unfortunately I live in Canada which is an extremely hostile environment for small businesses so my dream will always only be a dream