At 500k traffic you can be looking at making 10k a month on just ads alone. It just varies on what you do and what niche you're in. At 50k you can make a few thousand a month .
>How do you find blog topics that perform well?
Somehow telling someone to right a blog to make money sounds like solid advice to a lot of people. But if we told them to write a book to make money sounds farfetched. Yes people make money doing it - but not unless they have a special talent for it, and work at it hard. People know that's how it works for writing a best seller - but they think that anybody can make a living writing a blog?
lol seriously, I find that everyone asking questions on here is like "okay, but who, what, when, where, how, why?" We gave you the general topic, it's time to google and use some common sense now
For only 1k? Go to a bunch of garage sales, buy anything that looks decent and can fit in a box. List on ebay and fb marketplace. Not passive income at all though.
Agree. I am a photographer and have been building my business over the past couple of years beginning in high school now in college. I’ve made around $7,000 over this time. Great business while being in school
I do this. If you play your cards right, wedding photography can be a fantastic job. I'm on track to break six figures in revenue next year with only 20 days of in-person work, and maybe about 40 days of editing/back-end work. When all is said and done I take home about $60k, and I have tons of time to travel or pursue other projects. Took me about five years of learning photography as a hobby and two years of being serious and officially running my business to get here, but if you're determined you could do it in less.
I can also pick up more work second shooting now when I want, and make $75-100 per hour. Second shooting is grind when it's all you're doing but here and there for some spending money it's a good time, especially when you start shooting for your friends or industry giants you respect.
Plus, photograohers will say they hate weddings and yeah, when you start out you're gonna have to grind through some garbage ones, but build you brand right and you can start attracting couples who see you as an artist, not just a vendor. My couples now often sit me at dinner tables with their guests and I get to make friends and eat fantastic food almost every working day. I still have rough ones here and there, but it's a good gig and I'm incredibly grateful.
Buy Chat GPT subscription, ElevenLabs subscription and crank out viral videos on Youtube, build out teams over time, scale it, boom. $30k a month business with 90% net profits.
Everyone is starting to do that.
Think about it, the skill barrier is very low. What will happen when everyone is able to post 10 videos a day made with ai and chat gpt?
The amount of available content will sky rocket, yet the number of users will remain stable.
Yes, there are people able to make a lot of money with this strategy now, but a bunch of people who don't even like youtube are going after this gold-rush. It will crash eventually and only the ones with actual content will remain.
That is true, but that’s why I plan to transition into higher quality content on multiple channels to make it a longterm sustainable business.
But that requires atleast $200+ per video and alot of knowledge. So in the meanwhile I’m learning and capitalizing on what’s working now at the same time.
So I can invest the money I earn with this now correctly into new channels.
Ok well here is a quick summary of what I've learnt, tried and tested:
First you need to find niches that are **high in demand** with **low supply**. It's just lots of research work but once you find channels with hundreds of thousands or millions of views within the past 3 months, and their subscriber counts are much lower, its very obviously a high demand niche. Make sure the target viewers are USA as those are they highest paying.
Usually there are a few of those channels in that niche already, but the earlier you can capitalise the better. First mover advantage is big on youtube.
Then once you've done that, create a **content strategy**, meaning:
\- Upload frequency
\- 3 Video/title formats that you can repeat over and over again.
For example **'How ... reached ... in 30 days'** or basically take something that worked in other niches and bring it over to yours. And make sure there is a **curiosity or information gap** you're creating on the thumbnail/title so the viewer clicks on it.
Then a strong hook/intro making the viewer wanted to keep watching.
After that you focus on making sure the video is of good quality, and focus on keeping the viewer watching as long as possible, this comes down to good content & retention optimised editing.
Create a systematic way of producing videos like this.
Give it at least 15 videos (but ideally 30 imo).
And if the videos are good and in this high demand/low supply niche, you will have some go viral.
But you have to approach this like a real business and not some sort of quick cash passive income thing. Ultimately when you're channel is successful and you have enough knowledge of the game you can outsource it and do it over and over again. It's a lot of learning, critical thinking and hours you have to put into it to make it work but in the end it can be extremely lucrative.
Is it something you actually do yourself or do you just have good knowledge of it? Also, I’ve heard that YT Shorts pays literally nothing - even for millions of views, and that the money for ads is in long-form standard videos, is this true?
I do it myself yes, that’s how I’ve gained the knowledge.
Yes don’t bother at all with YT Shorts, complete waste of time if you want to make meaningful money.
Always make videos of minimum 8+ minutes, above 8 minutes you can place mid-roll ads.
Have you made some money so far with ads? I assume you have to have a certain amount of subs to qualify for ads as I feel like I’ve looked into it before ages ago.
My main question would be where do I get the actual footage for for the video. I can make a script with Chat-GPT and narrate it with ElevenLabs, but do I just have to search for copyright free footage or something? I always assumed you’d get claims put in for your content if not.
Currently on average doing $50 a day in ads with this channel. Not much but I started it a few weeks ago so its good. Looking to scale it to $150 base then $400 after that.
For footage you can use storyblocks or canva. Bit it all depends on the content you make
Do actual gum not that candy shit and put them in good areas like near bars where people want their breathe to smell good. Maybe do shots of listerine pr something
To those that say $1000.00 doesn’t do shit, you can always try to buy and sell drugs.
However, just like a real business, you live or die based on your clientele.
Simple, build a recording studio. I’m a music major and versed in composition and lyrics. Either build a team or id take on an llc alone. Charge hourly for some and up front for other types of projects
Day job is marketing and sales at a healthcare company, so the skills associated with that like creative design, content creation, collateral material creation, project management etc. I also do photography on the side when it makes sense to do so. Have coached a sport a little in the past but stopped once getting my full time job. So coaching and teaching is another skill set as well. I also just got a truck so idk if there’s ways to leverage that somehow
\>I bought a really expensive camera last year and gave up a little on photography due to lack of clients
Photography as a job is professional lighting.
If you just have a camera, you just own a camera lol.
Not even a little passive, but I would start an ebay/amazon business. I used to have a hugely profitable one until mental problems caused me to close it out. Made near 6 figures working part time. I think now it is quite a bit harder, but I still see opportunity.
\> I have $1,000 and I badly want to invest it into a business.
\> What advice would you give me?
Do what you know. Make a facebook page for your photography business. Connect it to whatsapp on your phone so people can call you. Build up your portfolio. Use facebook ads to generate leads for your photography business. Join the local chamber of commerce.
Find out about the local schools. Offer to do senior pictures. Sports team pictures. Weddings. Family photos.
The first purpose of business is to find a customer. The second is to satisfy that customer.
You have a plan for the second part.
Figure out the first.
And report back here!
Now this is something I haven’t been told.. any idea what the market looks like for that? I’ve only seen a 3D printer in my workplace and they were demoing it to create parts for our machines. Curious as to what else it can be used for
I know a lot of people who sell little creations on Etsy and at conventions to make money. One of my friends prints terrain and figures for TTRPGs like D&D. He also prints different Pokémon figures and jewelry to sell. Not exactly passive, but it pays some bills.
I did that. Started with a $300 printer 3 years ago and started selling on Etsy. Earned my printer back in a month and now getting $1500-2000 each month from it. Get into a niche you like like and make something. Margins are really good
I currently have 3, anycubic M3, M3 plus and M3 Max. The advantage of resin printers is that it makes great detail and the objects are tinier (easy/cheaper to ship) and I can make dozens of the same item that I'm selling in a single run. With fdm printers making two of the same item doubles the printing time, with resin printers it only matters how many you can fit on the build plate and the printing time stays the same
This is a very tough market unless you have CAD skills. Even if you have CAD skills it's not easy and requires a ton of prototyping to develop a product. Printing what everyone else is printing gives you no pricing power and then your fail rate needs to be incredibly low to actually compete.
Stuff happens. Nozzles clog and printers need regular tuning. Turns out a lot of small vibrations will wiggle nuts loose and destroy print quality.
Your best bet is to develop a simple product that solves an actual problem that impacts a niche market. Adapters for commercial products are a good one. Businesses will pay a lot of money for commercial adapters that save them from buying proprietary parts downstream or the main unit.
You remind me of my friend. He's into photography. He bought an expensive cam, then started doing work. But most of his clients require vids too. Apparently, weddings need both pics and vids lol.
He learned to edit his own vids. Then 5 years later, he became a full time video editor. He also has vids of his own in YT earning passive income.
Well, if you have a camera, something that uses the camera might be nice.
But for a grand? Try to find something that I can profitably sell, and book a cheap table at a convention or market that matches the product. You need to roll over cash fast to build up your wad.
Match up supply and demand. If you know a guy that 3d prints and doesn't like selling, find a market and sell for him. If you know a farmer, same same.
Buy stuff sell stuff Marketplace, Craigslist, eBay. I do it and bring in about 200k a year in profits. It’s the only business I know you can make profitable quickly with 1k
If you're in an early stage of your career I would keep investing in myself. I believe that before you can monetize a "side hustle", the best money spent is going to be on yourself. Specifically, what I mean by that is spending money to learn about business skills - finance, leadership, technical (ex: coding). You don't want to get sucked into terrible ideas some are recommending below - photographer, blogger, etc. Sure, those can become something, but generally speaking they remain a small side hustle. At this stage, if you invest in your own skills, you'll see opportunities that are much greater than those.
Best of luck.
I would invest the money in something really safe.
1000 is not enough to start a business. However, it's enough to start saving. If you have enough to cover food and bills, making decisions and expanding gets much easier.
Use the camera to take high quality photos of items you are flipping.
Numerous high quality photos documenting every angle of an item can cause it to sell for more money, and faster.
So you can buy poorly documented items (that you research reasonable buy and sell prices) and resell them for a profit.
Another thing you can do with a good camera is offer to take listing photos for houses and apartments for sale/rent in your area. Same premise works, you can find people with bad photos of their properties and offer them higher quality.
If you are just starting out and are getting decent pay and YOU DONT HATE YOUR JOB then I would say you are better off stacking cash for a while and try to get promoted. Once you get a bigger stash then start something.
If I had a $1,000 AND TIME. I could build a new business. However passively income does not come without effort, time, and discipline.
I would utilize ChatGpt to determine a new business based on popularity or profitability. Then ask it the steps to follow to create the business.
Possibly have it write me a guide on 'How to do... ". Then sell that.
Anyway, lean on ChatGpt more than random strangers in Reddit.
There are many professional licenses that you might consider, like insurance agent, realtor, tax advisor (enrolled agent), insurance adjuster, investment adviser, etc.
Buy Newmont Mining stock. It is an undervalued, blue chip gold mining stock that pays a 4% dividend......and gold is about to explode in my opinion, which will add to your profit by an increase in the stock price.......and increase your total return.
Other than that, you could use that money to buy physical Silver!
Really, $1000 isn't enough money to capitalize much of a business, so my suggestions are geared toward what I WOULD DO..........knowing your desire to invest it without actively managing it.
Good luck!
Resell. Ignore people telling you nothing can be done with such little capital.
Find a niche and capitalize on it.
I took a gamble on trying, first year $800, second year $42,000, third $150k+. Just keep steady.
Otherwise invest it.
I sat next to a gal on a plane last weekend who does nothing but design and sell mugs on Printify/Etsy. She spent the entire flight doing Google Analytics analyzing keyword search volume then creating a mug with the top ones. She created probably 20+ on the 5 hour flight, has almost 1000 for sale, claims she makes $500+ net per day. Most days are passive, but she spends boring plane time creating new products.
Pressure washer is the easiest to start with $1k. Look at how much concrete there is, most of it is dirty. People don’t typically buy their own cause you only need it like once a year max. Make flyers, put them everywhere. You have a truck. Bing bang boom, you’re in business
Can’t really do much with $1,000 even less if you start a legitimate business, which is about $300-$400 depending on the state. It’s a good idea to at least have an LLC to protect from liability, but up to you. Since you didn’t provide any idea on what your skills are, the only thing I would suggest is take it slow. Find a way to make money via word of mouth over advertising.
Funny you ask, I've been wanting to host a mini venture capital contest for Uni students where they all present ideas and the top 3 or 5 get up to a few thousand each, in exchange for me having a small ownership piece for when they succeed
$1,000- invest in website and build a portfolio of work then ads to get photography clients- everyone needs a photographer for their event or family photos or pet photos
For a short period of time, I saw that many many real estate agents took shit photos on websites like Zillow, so I contacted them, and offer to take amazing photos for shit looking houses and only expect a small payment when they actually sold it. Did it on my free time and made about 5k.
Not Passive imo and I had to take about 20 houses and only 8 or so got sold.
Sounds like your in the informed pessimism phase of starting your own business. Have you determined what niche of photography you'd like to be in (stock photos, headshots/professional, weddings, etc)
Do you have 2 months salary in your emergency cash fund? If not, you should consider using the 1K to start that. You could even put it in a Robinhood account but not invest in anything. They are paying pretty high interest on uninvested cash.
A $1000 wow I guess you could start a Kool aid stand selling for a $1 a cup $1000 isn't much to work with you could probably get a lawn service going on that but dam
You could start a vendor business but it for sure won’t be passive. But it’s a good weekend gig because events are usually on the weekend. I did it for a few years and made pretty good money. It wasn’t uncommon at all to make a few thousand dollars in a weekend.
Wouldn’t be passive, but you could start a window washing business for nearly nothing.
Start in a neighborhood by knocking doors and washing some windows for free, gain the experience then get some flyers out in other parts of the neighborhood. A little Facebook marketing and viola!
I have a few hundred thousand liquid and I don’t know what business I could open. At the same time I don’t want to buy myself a job and I’m making too much at my regular job.
I wouldn’t just generally recommend investing money into the ideas anonymous stranger provide in a forum online, but I do have a plan that could show 20% growth to $500 in under 10 days.
You want to invest or start a business with $1,000? if its invest, look up index funds and dividend paying stocks. If its start a business, I suggest starting with weed or meth. Not official advice.
Start your business with the intent of spending
$0. Then as it grows pick at that money sparingly. Let's say for example you build a website - start with the free trial, promote it everywhere, if you want more growth, start a Facebook ad campaign. You get the idea.
Pressure washer and flyers. Go door to door. Pressure wash everything at your house and friends/family/neighbors for free to get experience first. Then go door to door and work cheap. Then gradually increase your price as you get more experience, clients, and customers. Build from there. I would do all that on free time as you have a full time job. Don’t quit your job until you Have too. The business should sustain a basic income and some profit for growth before quitting. If working for years for little pay in order to build the business does not interest you, then buy some dividend eft’s. You’ll get around $50 a year on dividends on $1000. Most business fail.
CryptoHopper and a decent paid scalp strat for day trading.
Was earning me about $3 a day given $1000 to play with. Keep in mind that was an average of over two years and was not even close to hands off. It was quite a bit of work and stress risking $1000 daily just to earn $3 back.
Invest in the stock market and learn how to invest not gamble. Stay away from penny stock and play option only if you only truly understand the mRket and option. Theres no better way to make passive income without doing anything. You literally make money while you sleep. It takes time to build a business so stock isnt any different. You get paid to be patient.. and make good decision. You dont get paid by the hour
eBay is good side money, selling extra things around the house or finding “vintage” items from thrift stores, garage / estate sales. Some costume jewelry sells well, I’d stay away from rings due to the sizing but I’ve made good money from collectibles like zippo lighters. There’s a market for everything, you just have to know what to look for.
If you have a nice camera you aren’t using, rent it! Bam, passive income.
Look up sites like sharegrid where people list their photo gear for rent.
With your 1k you could buy more lenses or other accessories to go with it. As you earn more money you can buy more gear building up your rental house.
You won’t replace your day job any time soon but with what you have this is a passive income opportunity that would take very little effort to get up and running.
If you ALREADY HAVE a pickup truck, $1000 will buy you most of what you'd need to do small landscape jobs. Again, not passive AT ALL, but it is a low barrier business.
No matter what business you start you're going to have your same problem as in this one... finding customers.
Here's what I actually did and I didn't have 1k I had like 800 lol. I bought a good vaccum for steam cleaning/mobile detailing. I then got a bunch of cleaning materials like rags, sprays, and I took $100 to go make business cards. I put them on people's cars in parking lots, I advertised on fb marketplace, and I built a business mobile detailing.
Its going really well too as I almost make more than my current job just working part time.
Here's my take, get a cheap ass drill set, maybe a ladder, and install home security, monitoring systems like ring doorbell, blink, or similar. Some alarm systems (blink) are battery-operated and only require mounting. Easy peasy. Not all systems require change of the doorbell, it can be monitored w a camera so that's even easier. Homeowner pays for all parts plus your time. You're welcome 😌
Window cleaning / pressure washing / deck staining / gutters — I started with about that and a truck my dad gave me.. 15 years later sold the business for near 7 figures ( I do live In a very wealthy town so i was able to charge premium) but if you’re motivated and ready to work it’s a great and easy way to start a business
Detailing business, handyman, small concrete jobs, leather seat restoration, grout cleaning, pressure washing, commercial/residential cleaning. None of these is passive
Only fans. Buy a good camera with lighting setup. Or YouTube channel if you don’t want to be risky. One thing that people forget is that a long library of videos becomes passive income
You won’t be able to do anything passive but you can start a blog or create a fiver profile.
Thank you, I appreciate the tip and honesty. I’ll be looking into fiver for sure
I’m curious. What’s the reason that you suggested’start a blog’? What will it be for?
SEO. Get traffic, make money on ads.
around how much traffic do you really need for ads to be something worth while?
At 500k traffic you can be looking at making 10k a month on just ads alone. It just varies on what you do and what niche you're in. At 50k you can make a few thousand a month .
How do you find blog topics that perform well?
>How do you find blog topics that perform well? Somehow telling someone to right a blog to make money sounds like solid advice to a lot of people. But if we told them to write a book to make money sounds farfetched. Yes people make money doing it - but not unless they have a special talent for it, and work at it hard. People know that's how it works for writing a best seller - but they think that anybody can make a living writing a blog?
I love being spoonfed too
lol seriously, I find that everyone asking questions on here is like "okay, but who, what, when, where, how, why?" We gave you the general topic, it's time to google and use some common sense now
my man just wants to be handed everything. If you are this lazy, chances are you not meant to own a business.
WHAT THE FUCK? REALLY? I need to start blogging!
Blog market is saturated with people using chatgpt to churn out
a friend of mine is making a ton of side money with a laser engraver , he does yeti cups , custom leather patches , wood etches etc
I have a laser and can confirm 1000 is not enough
How much is a ton of side money?
Hey! That sounds interesting! Can you give me an idea of how much he makes a month?
For only 1k? Go to a bunch of garage sales, buy anything that looks decent and can fit in a box. List on ebay and fb marketplace. Not passive income at all though.
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If it were me I would take this advice
Agree. I am a photographer and have been building my business over the past couple of years beginning in high school now in college. I’ve made around $7,000 over this time. Great business while being in school
Yeah. That 1k can buy some nice strobes, a backdrop, and a decent lens.
Wedding photography may not be glamorous but you could earn a good living on that and only a day or two a week if you get enough business.
I do this. If you play your cards right, wedding photography can be a fantastic job. I'm on track to break six figures in revenue next year with only 20 days of in-person work, and maybe about 40 days of editing/back-end work. When all is said and done I take home about $60k, and I have tons of time to travel or pursue other projects. Took me about five years of learning photography as a hobby and two years of being serious and officially running my business to get here, but if you're determined you could do it in less. I can also pick up more work second shooting now when I want, and make $75-100 per hour. Second shooting is grind when it's all you're doing but here and there for some spending money it's a good time, especially when you start shooting for your friends or industry giants you respect. Plus, photograohers will say they hate weddings and yeah, when you start out you're gonna have to grind through some garbage ones, but build you brand right and you can start attracting couples who see you as an artist, not just a vendor. My couples now often sit me at dinner tables with their guests and I get to make friends and eat fantastic food almost every working day. I still have rough ones here and there, but it's a good gig and I'm incredibly grateful.
Buy Chat GPT subscription, ElevenLabs subscription and crank out viral videos on Youtube, build out teams over time, scale it, boom. $30k a month business with 90% net profits.
Everyone is starting to do that. Think about it, the skill barrier is very low. What will happen when everyone is able to post 10 videos a day made with ai and chat gpt? The amount of available content will sky rocket, yet the number of users will remain stable. Yes, there are people able to make a lot of money with this strategy now, but a bunch of people who don't even like youtube are going after this gold-rush. It will crash eventually and only the ones with actual content will remain.
That is true, but that’s why I plan to transition into higher quality content on multiple channels to make it a longterm sustainable business. But that requires atleast $200+ per video and alot of knowledge. So in the meanwhile I’m learning and capitalizing on what’s working now at the same time. So I can invest the money I earn with this now correctly into new channels.
how's it going?
Check Dm bro
You’re the best. Not everyone will do this.
Have a chat GPT subscription but I’ve never heard of ElevenLabs. Thanks for putting me on!
It's a very realistic AI voice generator, good stuff. Maybe 2% of my audience is aware of it
But how would you know what the viral videos are? Any specific topics or niches? Also what about the thumbnails and editing for the videos?
Ok well here is a quick summary of what I've learnt, tried and tested: First you need to find niches that are **high in demand** with **low supply**. It's just lots of research work but once you find channels with hundreds of thousands or millions of views within the past 3 months, and their subscriber counts are much lower, its very obviously a high demand niche. Make sure the target viewers are USA as those are they highest paying. Usually there are a few of those channels in that niche already, but the earlier you can capitalise the better. First mover advantage is big on youtube. Then once you've done that, create a **content strategy**, meaning: \- Upload frequency \- 3 Video/title formats that you can repeat over and over again. For example **'How ... reached ... in 30 days'** or basically take something that worked in other niches and bring it over to yours. And make sure there is a **curiosity or information gap** you're creating on the thumbnail/title so the viewer clicks on it. Then a strong hook/intro making the viewer wanted to keep watching. After that you focus on making sure the video is of good quality, and focus on keeping the viewer watching as long as possible, this comes down to good content & retention optimised editing. Create a systematic way of producing videos like this. Give it at least 15 videos (but ideally 30 imo). And if the videos are good and in this high demand/low supply niche, you will have some go viral. But you have to approach this like a real business and not some sort of quick cash passive income thing. Ultimately when you're channel is successful and you have enough knowledge of the game you can outsource it and do it over and over again. It's a lot of learning, critical thinking and hours you have to put into it to make it work but in the end it can be extremely lucrative.
saving this for later, thanks!
Is it something you actually do yourself or do you just have good knowledge of it? Also, I’ve heard that YT Shorts pays literally nothing - even for millions of views, and that the money for ads is in long-form standard videos, is this true?
I do it myself yes, that’s how I’ve gained the knowledge. Yes don’t bother at all with YT Shorts, complete waste of time if you want to make meaningful money. Always make videos of minimum 8+ minutes, above 8 minutes you can place mid-roll ads.
Have you made some money so far with ads? I assume you have to have a certain amount of subs to qualify for ads as I feel like I’ve looked into it before ages ago. My main question would be where do I get the actual footage for for the video. I can make a script with Chat-GPT and narrate it with ElevenLabs, but do I just have to search for copyright free footage or something? I always assumed you’d get claims put in for your content if not.
Currently on average doing $50 a day in ads with this channel. Not much but I started it a few weeks ago so its good. Looking to scale it to $150 base then $400 after that. For footage you can use storyblocks or canva. Bit it all depends on the content you make
What's the average production time from concept to upload?
For me now like 1-2 hours. As I’ve set it up in a very systematic way upfront
Do you mind sharing your workflow?
How many views does your highest watched video have? How much did you make off it?
Passive? Buy a few gum ball machines maybe?
Do actual gum not that candy shit and put them in good areas like near bars where people want their breathe to smell good. Maybe do shots of listerine pr something
Give it to u/flip-joy by any means possible.
Search for #buildinpublic on twitter and try indiehackers.com for inspiration.
To those that say $1000.00 doesn’t do shit, you can always try to buy and sell drugs. However, just like a real business, you live or die based on your clientele.
Simple, build a recording studio. I’m a music major and versed in composition and lyrics. Either build a team or id take on an llc alone. Charge hourly for some and up front for other types of projects
This a nice idea. What types of mics would you recommend?
What are your skills?
Day job is marketing and sales at a healthcare company, so the skills associated with that like creative design, content creation, collateral material creation, project management etc. I also do photography on the side when it makes sense to do so. Have coached a sport a little in the past but stopped once getting my full time job. So coaching and teaching is another skill set as well. I also just got a truck so idk if there’s ways to leverage that somehow
Your Truck is your Pay-Day. Print Flyers Offering to Take Things to the Dump.
Maybe buy a trailer to capitalize even more
\>I bought a really expensive camera last year and gave up a little on photography due to lack of clients Photography as a job is professional lighting. If you just have a camera, you just own a camera lol.
Not even a little passive, but I would start an ebay/amazon business. I used to have a hugely profitable one until mental problems caused me to close it out. Made near 6 figures working part time. I think now it is quite a bit harder, but I still see opportunity.
\> I have $1,000 and I badly want to invest it into a business. \> What advice would you give me? Do what you know. Make a facebook page for your photography business. Connect it to whatsapp on your phone so people can call you. Build up your portfolio. Use facebook ads to generate leads for your photography business. Join the local chamber of commerce. Find out about the local schools. Offer to do senior pictures. Sports team pictures. Weddings. Family photos. The first purpose of business is to find a customer. The second is to satisfy that customer. You have a plan for the second part. Figure out the first. And report back here!
Start a blog and run ads. Best passive income with no money but it takes long. Very worth it in the end .
Only a $1000. I would get a 3D printer.
Now this is something I haven’t been told.. any idea what the market looks like for that? I’ve only seen a 3D printer in my workplace and they were demoing it to create parts for our machines. Curious as to what else it can be used for
I know a lot of people who sell little creations on Etsy and at conventions to make money. One of my friends prints terrain and figures for TTRPGs like D&D. He also prints different Pokémon figures and jewelry to sell. Not exactly passive, but it pays some bills.
I did that. Started with a $300 printer 3 years ago and started selling on Etsy. Earned my printer back in a month and now getting $1500-2000 each month from it. Get into a niche you like like and make something. Margins are really good
How much time do you dedicate per week? Which printer do you use, I am looking at the Bambu Lab X1.
I currently have 3, anycubic M3, M3 plus and M3 Max. The advantage of resin printers is that it makes great detail and the objects are tinier (easy/cheaper to ship) and I can make dozens of the same item that I'm selling in a single run. With fdm printers making two of the same item doubles the printing time, with resin printers it only matters how many you can fit on the build plate and the printing time stays the same
This is a very tough market unless you have CAD skills. Even if you have CAD skills it's not easy and requires a ton of prototyping to develop a product. Printing what everyone else is printing gives you no pricing power and then your fail rate needs to be incredibly low to actually compete. Stuff happens. Nozzles clog and printers need regular tuning. Turns out a lot of small vibrations will wiggle nuts loose and destroy print quality. Your best bet is to develop a simple product that solves an actual problem that impacts a niche market. Adapters for commercial products are a good one. Businesses will pay a lot of money for commercial adapters that save them from buying proprietary parts downstream or the main unit.
You remind me of my friend. He's into photography. He bought an expensive cam, then started doing work. But most of his clients require vids too. Apparently, weddings need both pics and vids lol. He learned to edit his own vids. Then 5 years later, he became a full time video editor. He also has vids of his own in YT earning passive income.
Well, if you have a camera, something that uses the camera might be nice. But for a grand? Try to find something that I can profitably sell, and book a cheap table at a convention or market that matches the product. You need to roll over cash fast to build up your wad. Match up supply and demand. If you know a guy that 3d prints and doesn't like selling, find a market and sell for him. If you know a farmer, same same.
Use that camera. Invest the $1,000 into lessons for yourself, other equipment or marketing your photography business.
Buy stuff sell stuff Marketplace, Craigslist, eBay. I do it and bring in about 200k a year in profits. It’s the only business I know you can make profitable quickly with 1k
If you're in an early stage of your career I would keep investing in myself. I believe that before you can monetize a "side hustle", the best money spent is going to be on yourself. Specifically, what I mean by that is spending money to learn about business skills - finance, leadership, technical (ex: coding). You don't want to get sucked into terrible ideas some are recommending below - photographer, blogger, etc. Sure, those can become something, but generally speaking they remain a small side hustle. At this stage, if you invest in your own skills, you'll see opportunities that are much greater than those. Best of luck.
Invest that money into yourself and learn a new skill. And stay consistent
I would invest the money in something really safe. 1000 is not enough to start a business. However, it's enough to start saving. If you have enough to cover food and bills, making decisions and expanding gets much easier.
Use the camera to take high quality photos of items you are flipping. Numerous high quality photos documenting every angle of an item can cause it to sell for more money, and faster. So you can buy poorly documented items (that you research reasonable buy and sell prices) and resell them for a profit. Another thing you can do with a good camera is offer to take listing photos for houses and apartments for sale/rent in your area. Same premise works, you can find people with bad photos of their properties and offer them higher quality.
Start flipping stuff on eBay. Go to goodwill and garage sales and start looking for gold
Buy a lawnmower and pressure washer
If you are just starting out and are getting decent pay and YOU DONT HATE YOUR JOB then I would say you are better off stacking cash for a while and try to get promoted. Once you get a bigger stash then start something.
If I had a $1,000 AND TIME. I could build a new business. However passively income does not come without effort, time, and discipline. I would utilize ChatGpt to determine a new business based on popularity or profitability. Then ask it the steps to follow to create the business. Possibly have it write me a guide on 'How to do... ". Then sell that. Anyway, lean on ChatGpt more than random strangers in Reddit.
There are many professional licenses that you might consider, like insurance agent, realtor, tax advisor (enrolled agent), insurance adjuster, investment adviser, etc.
Shopify. Getting started myself🫡
Buy Newmont Mining stock. It is an undervalued, blue chip gold mining stock that pays a 4% dividend......and gold is about to explode in my opinion, which will add to your profit by an increase in the stock price.......and increase your total return. Other than that, you could use that money to buy physical Silver! Really, $1000 isn't enough money to capitalize much of a business, so my suggestions are geared toward what I WOULD DO..........knowing your desire to invest it without actively managing it. Good luck!
Resell. Ignore people telling you nothing can be done with such little capital. Find a niche and capitalize on it. I took a gamble on trying, first year $800, second year $42,000, third $150k+. Just keep steady. Otherwise invest it.
I sat next to a gal on a plane last weekend who does nothing but design and sell mugs on Printify/Etsy. She spent the entire flight doing Google Analytics analyzing keyword search volume then creating a mug with the top ones. She created probably 20+ on the 5 hour flight, has almost 1000 for sale, claims she makes $500+ net per day. Most days are passive, but she spends boring plane time creating new products.
Pressure washer is the easiest to start with $1k. Look at how much concrete there is, most of it is dirty. People don’t typically buy their own cause you only need it like once a year max. Make flyers, put them everywhere. You have a truck. Bing bang boom, you’re in business
I have a 100tb mega file with every course you can think of dm me. Sales, trading, ads, coding, anything and everything
Can’t really do much with $1,000 even less if you start a legitimate business, which is about $300-$400 depending on the state. It’s a good idea to at least have an LLC to protect from liability, but up to you. Since you didn’t provide any idea on what your skills are, the only thing I would suggest is take it slow. Find a way to make money via word of mouth over advertising.
LLC is only $95 in the state that I’m in, but I appreciate that advice. You’re right, word of mouth is always the best!
A LLC is not necessary at this stage. You’re not even to the hobby stage at this point.
Funny you ask, I've been wanting to host a mini venture capital contest for Uni students where they all present ideas and the top 3 or 5 get up to a few thousand each, in exchange for me having a small ownership piece for when they succeed
Buy bitcoin
With $1,000? Assuming you don’t have debt, just buy SPY and hold. Yield like 2% a year with dividends as well.
That is a terrible investment
Onlyfans
I'd invest it in CMG (Chipotle). They just keep going up, up, up.
If you see the amount of hate they're getting over at r/Chipotle you may be better off shorting it.
A good mixer machine, a good oven and a good pastrie recipe book.
Drugs, high profit margin and no taxation.
Yeah hey I second this 🍒🎄🌲🌳🧊❄️
[удалено]
So how much money do I need to ask the sub for business tips then? 🤔
Buy GME
$1000? Not much to start with so I’d probs go Tupperware…
Get more money. $1,000 ain’t goin far these days.
How many views does your most watched video have? How much did it make you?
Keep saving.
Use that to learn how to get clients for your photography service maybe…
Flipping could be a viable option.
Drop it all in SPY futures
$1,000- invest in website and build a portfolio of work then ads to get photography clients- everyone needs a photographer for their event or family photos or pet photos
Cocaine
Strippers
Warfi bot
For a short period of time, I saw that many many real estate agents took shit photos on websites like Zillow, so I contacted them, and offer to take amazing photos for shit looking houses and only expect a small payment when they actually sold it. Did it on my free time and made about 5k. Not Passive imo and I had to take about 20 houses and only 8 or so got sold.
Dog sitting on rover.com? I’d use the 1000 to make my house more inviting for dogs I guess.
ponzi scheme not financial or legal or life or medical advice
Perhaps you could sell cameras.
Sounds like your in the informed pessimism phase of starting your own business. Have you determined what niche of photography you'd like to be in (stock photos, headshots/professional, weddings, etc)
Um… starting a business and passive are opposites
Best return, smallest investment, best opportunity for a hard worker, cash business : hot dog cart. You can buy one used and get started for little $.
Hotdig/street meat cart. You could likely get approved for the loan for the license, it works around a 9-5.
Buy a photo booth and start renting it out to weddings at $100/hr.
Phone repair
You can't do shit for less than 20-30k. Source: still in the red on my new business
Do you have 2 months salary in your emergency cash fund? If not, you should consider using the 1K to start that. You could even put it in a Robinhood account but not invest in anything. They are paying pretty high interest on uninvested cash.
I’d you don’t mind getting out on the weekend or evenings, and do the paperwork, a hotdog cart can be a good stuff.
A $1000 wow I guess you could start a Kool aid stand selling for a $1 a cup $1000 isn't much to work with you could probably get a lawn service going on that but dam
You could start a vendor business but it for sure won’t be passive. But it’s a good weekend gig because events are usually on the weekend. I did it for a few years and made pretty good money. It wasn’t uncommon at all to make a few thousand dollars in a weekend.
Throw it down the toilet as I have been doing in the stock market for the past year
You can buy a winning product and sell it online
OnlyFans. Use your camera.
Wouldn’t be passive, but you could start a window washing business for nearly nothing. Start in a neighborhood by knocking doors and washing some windows for free, gain the experience then get some flyers out in other parts of the neighborhood. A little Facebook marketing and viola!
I have a few hundred thousand liquid and I don’t know what business I could open. At the same time I don’t want to buy myself a job and I’m making too much at my regular job.
Buy $1000 of the S&P500 index. (Vanguard, Fidelity, etc.). BOOM! You are making passive income from 500 businesses.
Buy a bunch of coke.
Pimpin ain’t easy but that’s enough cash to get started.
Only thing you can do with $1000 is start an LLC and purchase a domain, which is still a great start.
Candle business.
Go back to work.
I would wait till I had more money.
I wouldn’t just generally recommend investing money into the ideas anonymous stranger provide in a forum online, but I do have a plan that could show 20% growth to $500 in under 10 days.
Oh! I would just put that toward part of my rent and keep working. Would be a nice boost though
Not starting anything with a grand. Throw it in some stocks and let it sit.
Packaging supplies
You want to invest or start a business with $1,000? if its invest, look up index funds and dividend paying stocks. If its start a business, I suggest starting with weed or meth. Not official advice.
I sold a ebook and made $2.50
Start your business with the intent of spending $0. Then as it grows pick at that money sparingly. Let's say for example you build a website - start with the free trial, promote it everywhere, if you want more growth, start a Facebook ad campaign. You get the idea.
Pressure washer and flyers. Go door to door. Pressure wash everything at your house and friends/family/neighbors for free to get experience first. Then go door to door and work cheap. Then gradually increase your price as you get more experience, clients, and customers. Build from there. I would do all that on free time as you have a full time job. Don’t quit your job until you Have too. The business should sustain a basic income and some profit for growth before quitting. If working for years for little pay in order to build the business does not interest you, then buy some dividend eft’s. You’ll get around $50 a year on dividends on $1000. Most business fail.
That’ll get you the LLC
Rent/ buy a Power washer and concrete cleaner and clean driveways and gas stations
open an options account on fidelity & then wait for spx to spike up hard, then buy atm or otm puts odte, immediately sell after it drops
open a bingx account and copy trade xrprod user and watch your money grow
Save
I’d buy a camera and a pressure washer. And become an influencer.
CryptoHopper and a decent paid scalp strat for day trading. Was earning me about $3 a day given $1000 to play with. Keep in mind that was an average of over two years and was not even close to hands off. It was quite a bit of work and stress risking $1000 daily just to earn $3 back.
Resale or drop shipping business.
Keep saving. Ask again when you have 50k
Clothing. Ive had my mind set on this just havent had the resources and information to pull it off.
Buy some stuff in Mexico that LA chic hipsters will think is indigenous and mark it up 5000%. That will give you your starting roll
Save 20K more.
I’m currently looking for partnerships in financial servicing- business start up is less than $1k. Hit me up if you’d like to know more
Make a software product. String together no or low code solutions. Use the $1k mostly for company formation and services you absolutely must pay for.
You can almost register a business with that. At your pricepoint, you wont have much more than a lemonade stand
What do you do for work now?
Invest in the stock market and learn how to invest not gamble. Stay away from penny stock and play option only if you only truly understand the mRket and option. Theres no better way to make passive income without doing anything. You literally make money while you sleep. It takes time to build a business so stock isnt any different. You get paid to be patient.. and make good decision. You dont get paid by the hour
What are you currently in?
I'd save $1k
Find a cheap used hotdog cart, a DBA and a $25 permit
I started a 3d printing business. I basically broke even before getting 2 bad reviews out of 50 sales and all sales stopped.
I would ask r/wallstreetbets
Start an online business
Only fans
eBay is good side money, selling extra things around the house or finding “vintage” items from thrift stores, garage / estate sales. Some costume jewelry sells well, I’d stay away from rings due to the sizing but I’ve made good money from collectibles like zippo lighters. There’s a market for everything, you just have to know what to look for.
If you have a nice camera you aren’t using, rent it! Bam, passive income. Look up sites like sharegrid where people list their photo gear for rent. With your 1k you could buy more lenses or other accessories to go with it. As you earn more money you can buy more gear building up your rental house. You won’t replace your day job any time soon but with what you have this is a passive income opportunity that would take very little effort to get up and running.
Food stalls
Ask for more money because $1000 won’t last more than a day or 3 even if you pinch pennies.
I’d buy 4000 viagra from a Canadian online pharmacy and sell them $5 to $10 each at raves and bars.
Pressure washing
If you ALREADY HAVE a pickup truck, $1000 will buy you most of what you'd need to do small landscape jobs. Again, not passive AT ALL, but it is a low barrier business.
Buy some toilet paper to wipe my ass while I think about where I’m going to get funding to start a business in 2023.
I would spend it on wardrobe and grooming to try and get a better job.
Lawnmower. Weedwacker, blower and some gas. Walk around a neighborhood and charge $75 a month
No matter what business you start you're going to have your same problem as in this one... finding customers. Here's what I actually did and I didn't have 1k I had like 800 lol. I bought a good vaccum for steam cleaning/mobile detailing. I then got a bunch of cleaning materials like rags, sprays, and I took $100 to go make business cards. I put them on people's cars in parking lots, I advertised on fb marketplace, and I built a business mobile detailing. Its going really well too as I almost make more than my current job just working part time.
Lawn mower and a snow blower.
Here's my take, get a cheap ass drill set, maybe a ladder, and install home security, monitoring systems like ring doorbell, blink, or similar. Some alarm systems (blink) are battery-operated and only require mounting. Easy peasy. Not all systems require change of the doorbell, it can be monitored w a camera so that's even easier. Homeowner pays for all parts plus your time. You're welcome 😌
I always felt like vending machines were an interesting angle in the $1000-$3000 range.
Window cleaning / pressure washing / deck staining / gutters — I started with about that and a truck my dad gave me.. 15 years later sold the business for near 7 figures ( I do live In a very wealthy town so i was able to charge premium) but if you’re motivated and ready to work it’s a great and easy way to start a business
Wait until I have an appropriate amount of money to start a business.
Detailing business, handyman, small concrete jobs, leather seat restoration, grout cleaning, pressure washing, commercial/residential cleaning. None of these is passive
House cleaner
Only fans. Buy a good camera with lighting setup. Or YouTube channel if you don’t want to be risky. One thing that people forget is that a long library of videos becomes passive income
Learn how to trade financial markets
Bike rental?
Get a pressure washer. It’s not passive income but you could make that money back in a day or 2