I am 20 years old and my business has tanked.
I have $300 left to my name and I need to start cash flowing as fast as humanly possible.
My plan is to get back into sales cash flow 5-10k per month then roll that money into entrepreneurial ventures
I have two years of sales experience -Tech SDR -logistics AE -selling my own offer (small business SAAS)
My question is: What type of sales should I pursue
- Tech sales
- Commission only High ticket closing for personal brand offers (coaching, courses, etc)
I really dislike the corporate space but I know I could land a pretty high paying tech sales job fast with my resume.
High ticket sales is what I really want to do but the barrier to entry is much greater. It’s all about who you know, networking and would take time that I don’t have
What should I do. By this time next month I NEED to be making 5k minimum per month
If you have the experience to land those jobs I’d start applying like crazy and do instacart while you wait to build funds back up
Considering your urgent financial situation, prioritize short-term stability. Leverage your tech sales experience to secure a high-paying role quickly. While high ticket sales align with your preference, the immediate focus should be on securing a steady income. Once stable, you can strategically transition into high ticket sales, using your earnings to fund entrepreneurial ventures. This approach balances immediate financial needs with your long-term goals. I can suggest you more if you would like to have one to one meeting.
Get any job. Around this, you need to generate cash flow. If I was you, I’d go back to flipping cash. Facebook market place, local EBay adverts pick up only, and free items give away. You’ll be surprised how much stock you can get for cheap to flip for profit.
Remindme! 28 december 2023 “How’s things going bro”
Sounds like you answered your own question. There’s no point worrying about a decision between one option.
When I was your age I was in debt so you’re already ahead.
My question is: What type of sales should I pursue
- Tech sales
- Commission only High ticket closing for personal brand offers (coaching, courses, etc)
Whichever one is going to make you more money? How could we decide for you without more details?
Always makes me laugh when people offer to be a coach and they have no skills.
Sent you a chat request. I may have something that interests you.
When you have $300 you take whatever job you can get. Now.
Good luck man.
I would get a sales job in the industry you want to be in. That way you can build money, while building connections for your next venture. A
You don’t have time to f*ck around. Get a job @ both. Go balls to the walls and dump the one if this exceeds 100% of the other option. Good luck.
Not enough info. You have $300 left and what are your expenses? Do you pay rent? Live at your parents? Pay for school? Have three children?
$300 doesn’t sound like much but it really depends on your expenses. Most people say get a job, any job, as quickly as possible. They’re probably right. But it really depends on your expenses. If you have zero expenses then you can be a little more picky.
Sounds like you have skills, then use them. At the same time try to develop other skills.
Regarding your question. Go with “tech sales” if you cannot survive on $300 and once you can breathe again go into commision sales.
Perhaps you could combine the two ? Such as selling tech solutions for personal brand development or working for a tech company that offers personal development courses.
Even with zero expenses, $300 is gonna be a tough stretch just to pay for gas and lunch to get to the new job until that first check comes in, which some places pay out the previous pay period so could be 3/4 weeks until check comes in
Totally
I think you would benefit from a stable, guaranteed income. If you have experience in tech sales and think you can get a job quickly I recommend it. There is a lot of upward potential there and you could be making $150k+ per year within a few years selling the right product. That’s a lot of money to put toward your next company. Any other path is a gamble and right now you seem to need certainty.
Move in with family, if needed you can cash advance on credit cards, and get any job asap. If you wait tables, sometimes you get your tips the same night.
Cash advance on credit cards is horrible advice. This is how you tank your credit score and live with no money the rest of your life.
For most. Yes. I did it once for the purpose of paying first month rent and deposit on an apartment once I got a new job in a city. It depends.
As I see it, the most likely way to succeed in your plan of 5k by next month is if you go find Tyrone at the corner, buy a big bag of something for 300$, repack into small bags as sell to retail customers at another corner.
Tyrone got that good good
Tyrone coming! runs
From what I hear, there’s sometimes violence if you just decide to compete in this business without getting permission from the right folks…
That’s a dumb way to die starving.
i remember a study form freakcomonomics, its a hard work and not many make more than minimum income
Lmao