Hi r/Entrepreneur I am a 19 year old. I am currently doing E-Commerce through Etsy and and have made £5,000 in profit from sales and I am looking to scale my sources of income further to use this £5,000 and turn it into much more however I’m stuck on what to invest in. I have also recently started Forex trading however I understand that this will take time for me to make money as it is a process and not a get rich quick scheme. Any help would be appreciated ❤️
Depends on your risk tolerance. The quickest way to make some money is by staking some advantage gambling pros. But obviously that is a lot of risk. Otherwise, you can invest in the stock market either by picking a blue chip stock or a MMF.
If you want to learn Forex i would recommend you start from TJRs bootcamp, learn the basics and then move on to ICT.
Why not double down on what has already been working for you?
Why not double down on what has already been working for you?
You should 10x down on what’s working. You’ve already made 5k online. Do you know how many people would kill to make even 10% of that online? You’ve been watching too many YT and TikTok gurus preach garbage.
Take things slow. Double down on what’s working, and go from there.
Why would you aspire to be in forex instead of equities? It’s possible to get an edge in forex but by that time you’ll have an even larger edge in equities, a smaller less liquid market. All advantages big firms (PhD math/stats guys, cluster of h100s, special trading priviledges) have in equities is larger in forex but their margins are lower.
Assets that generate income
Forex trading is a scam, almost everyone loses money doing that. Not something you just spend a few years doing and then you become profitable
“Invest in as much of yourself as you can, you are your own biggest asset by far.”
— Warren BuffettWhat are you selling and can you give some strategy for etsy
Honestly man just finding cheap jewellery items on Ali express for cheap and listing on Etsy for a profit
So breaking Etsy’s terms and conditions then?
Bro these ecom tactics and niche like jewelry all died out in 2017-2018. That etsy Ali express dropshipping is cooked and done. Btw an AI just came out that flags websites for dropshipping. Pretty much most masses know what dropshytting is and how everything is marked tf up price wise.
- Make a course about selling on Etsy
- Forget about money problems and retire 🏖️
Ah, Why you sound like just me from another edge. I gave etsy a try but have to move back due to country issues ( did partnered, scaled, and scammed lol ) Whatever, I just tried what i have my hands on and literally in the same boat as you and 19 too. I always fear, why tf it’s only source of munee for me. But scaling is definitely first thing to do ! I am just trying to jump on another plane before this one crashes. Didn’t found so far XD
It takes time for stores to pop off it took my 2 months to make my first sale and after that my store went crazy but the problem with Etsy is one you get taken down it’s hard to rebuild again. I own multiple stores but my first store was the one that popped off and the rest do sales here and there
You got multiple stores ! You create them or buy, if so what’s the best source you recommend to get few. I really want to get into etsy !
“The biggest problem entrepreneurs run into is going to where the grass is greener to figure out what is gonna work, when in reality all of it could work and get you to your goals. What ensures you won’t succeed is putting 50% of your focus in one business and 50% in another business and trying to compete in a marketplace where everyone is putting 100% of their focus into one thing.” Something along the lines of what Alex homozi says a lot. I think it definitely applies here.
I just wanna appreciate you for doing so well at the age of 19. Keep up the good work . I’m 19 too btw.
❤️
Stop the forex you won’t make money in it without experience and large capital you have been watching to many videos .invest everything back into stock for Etsy get eBay and Amazon going .
Join the army
Etsy and forex. Gen Zs are cooked. None of them want to work, they want to lounge in front of a laptop and make lambos rain from the clouds.
Why tf would anyone want to be a slave until 65-70?
There’s a LOT between wanting to do nothing and “being a slave till 70”
its working for them, maybe we old folks need to learn from them instead of working for other people for all our youthful years.