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If you already have another income than 50k i would suggest putting this amount in the Index fund. If you don’t know your distinct forte and your interest you will most probably lose this amount. Don’t rush into starting a business. Meanwhile read books as much as you can.

One idea I will suggest is creating an ERP implementation consultant agency for SMEs and reaching out to them

For me the answer is to sell branded lines of products on Amazon with FBA. If a product doesn’t sell, don’t restock it. And maybe some brands get sold along the way to big companies.

A few ideas I’ve had recently:

• Service/saas: help people set up TikTok shop. TikTok made it super confusing, you could learn how to do it, see if demand is there, then train up cheap labor on fiverr and outsource it. Eventually scale to an agency that specializes in TikTok shop/product management
• Manufacturing saas: find some manufacturers on Alibaba that make good customizeable products and then pay a developer to build an automated quote tool for them. Market the tool and take a cut off every deal. The customer never has to wait for a quote and can buy on the spot without any correspondence. I.e. high quality gift boxes for people’s packaging who are selling on Amazon and Etsy. The American services that are affordable (boxgenie, packoka, packlane) have a shittier quality product and longer lead times than China on average (I do a lot of manufacturing).
• Sell products supporting home agriculture on Amazon. Mushroom cultivation, micro greens, grow kits for trendy vegetables etc. Start with one unique product and then cater to the audience you build

There are a lot of opportunities to start a business in this investment. You can select by doing research on the internet and by asking people. However, whatever you do, please try to get as much knowledge as possible for that domain and if possible, do an internship or job in that industry so that you know all the process of that particular business

What skills do you have?

Starting an online business with a $50,000 investment provides you with a solid foundation. Here are several promising online business ideas to consider:

E-commerce Store:

Start an online store selling products. You can either create your own products or opt for dropshipping, where you partner with suppliers to handle inventory and shipping.

Affiliate Marketing Website:

Build a niche affiliate website where you promote products or services and earn a commission for every sale made through your referral.

Online Coaching or Consulting:

If you have expertise in a particular field (e.g., business, fitness, life coaching), start an online coaching or consulting business. Offer one-on-one sessions or group coaching.

Digital Products and Courses:

Create and sell digital products like e-books, online courses, or software. Platforms like Udemy, Teachable, or Gumroad can help you distribute and sell your digital products.

Subscription Box Service:

Launch a subscription box business, curating and delivering niche products to subscribers on a regular basis.

Dropshipping Business:

Build an online store without managing inventory. When a product is sold, purchase it from a third party who ships it directly to the customer.

Content Creation and Monetization:

Start a blog, YouTube channel, or podcast and monetize through ads, sponsorships, affiliate marketing, and merchandise.

SaaS (Software as a Service):

Develop and sell software solutions to address specific needs. This could include project management tools, productivity apps, or niche software for a particular industry.

Social Media Marketing Agency:

Offer social media management services to businesses. Help them with content creation, strategy, and advertising on platforms like Facebook, Instagram, and Twitter.

Virtual Assistance Service:

Start a virtual assistant business, providing administrative support, email management, scheduling, and other services to businesses and entrepreneurs.

Print on Demand:

Create and sell custom-designed merchandise (t-shirts, mugs, phone cases) without holding inventory. Products are printed and shipped when orders are received.

Digital Marketing Agency:

Provide digital marketing services such as SEO, content marketing, and PPC advertising to businesses looking to establish or improve their online presence.

Health and Fitness App:

Develop a health or fitness app, offering workout plans, nutrition guidance, or wellness tracking features.

Niche Subscription Service:

Create a subscription service focused on a specific niche, such as gourmet snacks, eco-friendly products, or specialty teas.

SEO! 3 letter business, which can turn 50,000 to 50,000,000 in months

I know one that’s only $124 to get started Primerica, starting your own business and making money for yourself is the way to go