Question in the title
Tools without skills are. . . Just tools
You can get a big laser engraver for $10,000, spend the other 10k buying things to engrave and other equipment. Go to local markets to sell engraved products. Make a website, Facebook page, start advertising. There’s a massive market out there for that. Is it oversaturated, sure, but everything is.
Forget about buying. Spend a few months writing a sound detailed business plan. That plan will then tell you when and where to spend your money…. And the income revenue you will have.
Have you ever spent a few months writing a business plan? Why did it take you a couple of months? If so how did it go?
Flipping cars would probably be the easiest thing. 20k doesn’t go very far if you’re starting from zero.
You’ll probably need a dealership license, a lot of states have a limit on how many cars a individual can sell per year.
NLG, that is a decent option.
Flipping cars is not easy at all even if you can work on them yourself
20k red paperclips
Do you have any skills that would lean towards anything
Lots and lots of Botox
Candle Making
Small parts repair. Anything you’re familiar with around 100-300 a piece to buy so you can build an inventory. Set aside a few thousand before you start buying anything in case new tool expenses come up.
America is in such a sorry state right now people will throw away anything without trying to get it working. Small problems easy to fix can net you hundreds on many different units. Right now I’m picking up broken air conditioning units, no one else is buying Then when I get all them fixed over the winter they’ll be ready to sell in the spring
Party rentals
Dump trailer rentals. You drop off, they fill it up, you dump and bring to next customer.
With only 20k they’ll need a loan to afford a truck that can haul a dump trailer filled to max weight.
2005 6.0 HD Chevrolet, paid $5k and towed full dump trailers of shingle tear offs, for two years with no issue.
Cool story, book value on the truck you described is roughly 20k by itself… so your advice is OP should make sure they get 80% off because you did pre covid. Nice 👍
Great idea but you would have to make sure it’s properly separated or your sifting through it at the dump. And people just don’t follow directions.
Separated? Where I’m at in California we just back up to a pit and hit the hydraulics.
Generally its for construction waste & old furniture/landscaping stuff. Worst case, even if you have to sift through it, it’s still a huge profit margin. Or sacrifice some profit and pay some laborer to do it.
Nothing just find a good outsourcing partner and start selling. I know guys doing over 200k in their house without overhead. Learn to sell
Why the downvotes. This guy is legit.
What is an outsourcing partner?
I am in custom apparel. In our space you can spend a million dollars getting a legit print shop up and running. Or you can go to a legit print shop, negotiate a set rate (contract pricing) and sell to your own customers while still keeping 15-30% of the sale. This is true in most services. Start getting roofers or contractors booked. Book trainers at a gym- whatever. But your 20k wont give you a peice of equipment that makes a real profit without you basically doing the day labor yourself, in which case you just have a freelance job.
They will tell you for $99.95
I just responded to them I dont sell classes I have at least 7 clients though that consistently farm out work to our shop and have zero overhead
Refurbished computer, software, internet subscription. Cell phone. Chair, desk. Pretty much it to start.
Monogram equipment. Do hats and shirts. Better to do it for large organizations rather than small one off things probably.
A 3D printer. Make custom parts for something. It’s like keychains. But find a niche.
Or without spending that money, find an area that you have expertise in. Develop an instructional guide or course. This could be written or video format. And sell that.
something you enjoy doing.