I am already in real estate so that sector I am not looking in to. Also my father instil this 24/7 work hard philosophy in me so I don’t like to do investments. The reason i dont want to do more real estate because i want to diversify. Few businesses that I have shortlisted but I don’t know the scope

  1. Ecommerce with private labeling as I have good connection in China.

  2. Auto parts from China.

  3. Staffing agency

  4. Distribution of material from factories or big companies to wholesellers

If another idea that you think is successful please share

  • SaltBat6229@alien.topBEnglish
    1·
    1 year ago

    If you‘ve made $500k from real estate why not just learn how to make $5m from real estate?

  • Berty_Puddlebottom@alien.topBEnglish
    1·
    1 year ago

    With that kind of money you can buy a business that’s already established, thus helps you get off the ground much quicker, if you put down 500k and do some seller financing you might be able to buy something worth about 1m. If your struggling to choose an industry, maybe just look for a business you think you can turn around. Sell once you’ve increased the value, repeat.

  • PhilosophyFrisbee@alien.topBEnglish
    1·
    1 year ago

    Businesses fail, even the best intended ones.

    You’re better off putting the 500k in a 5% account and earn $25k/year profit.

  • GiuseppeMilazzo@alien.topBEnglish
    1·
    1 year ago

    You can buy my tech startup for less than 5% of that, spend another 10% of that on marketing and the remaining 85% can be invested elsewhere.

    Contapp (my app) is an established brand, trusted and we’ve featured across many PR platforms (Australian News & Google Play Store ‘success stories’)

    Only a handful of premium users are required to make a profit, however I don’t have the time or sales knowledge do scale right now - monthly spend is only £20.

    Looking to exit due to another venture that requires my full attention (real estate in the UK).

    Feel free to connect with me on LinkedIn (Giuseppe Milazzo or Contapp Ltd) for more info, happy to share my pitch deck.

  • what-is-loremipsum@alien.topBEnglish
    1·
    1 year ago

    1. Solve an actual problem, in an industry you already know about.

    2. Don’t start adding money to the plan unless and until you are confident that you can solve the problem you identified.

    3. Stay the course.