Whether you have an existing business or don’t have the funding to start one, if you had $10,000, what type of business would you start and how would you spend it?
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If I had $10,000 to start a small business, I would consider starting an eCommerce business. With the rise of online shopping, an eCommerce business can be a lucrative opportunity that requires relatively low startup costs.
I would use the $10,000 to set up an online store, invest in inventory, and develop a strong digital marketing strategy to attract customers. Some key steps I would take include researching profitable product niches, finding reliable suppliers, building a user-friendly website, and leveraging social media platforms to promote the business.
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I would launch an IT and technology-related service-based company. Put effort into creating a high-DR website and disseminating valuable material.
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I’d buy a Canon EOS R8 camera for 2000, along with additional lenses for 500, a 360 camera for 500, a drone for 500, and a gimbal.
I’ll save the rest of the money. I’ll use this equipment for real estate photography and other business and marketing media. There is no limit to the creative potential.
For all starters of biz my advice is ,launching a business requires significant effort, yet it can bring substantial rewards. Conduct thorough research, remain adaptable, and maintain a strong passion for your endeavor.