If you do can you say what you do . How you started it? Do you enjoy your business? Is it saturated? How much you spend on ads? How much revenue/profit you make? Is it an online business? Would it be hard for someone to replicate? How much does social media effect your business?
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I make my money from investments these days. Invested from my day job and side hustles over the years. Here’s what I did…
https://sideprofit.net/my-solopreneur-projects-over-the-last-20-years/
I woukd suggest experimenting to see what works for you. Different things work for different people.
Property is usually a pretty solid earner but now is probably the worse time to buy unless you can find a bargain. In the next year or two there should be lots of great deals.
Crypto bull market starting. Massive opportunities over the next 2 years. Don’t invest more than you can afford to do. Don’t do leverage. Don’t buy and hold shit coins. Take profits instead of getting greedy. A small percentage of net worth invested in crypto is a no brainer for me. It’s now a larger percentage though.
Yes.
If you do can you say what you do - I offer contract web development services at the rate of $3k/month
How you started it? - I am a professional web dev so my friends know it, one of my friend referred me to his uncle living abroad who wanted a custom video course app built, so I started on contract basis and then got more referrals.
Do you enjoy your business? - Yes.
Is it saturated? - Yes, a lot.
How much you spend on ads? - Nothing
How did you get into it and is it 3k per client or per month ?How does it work getting clients?
I am already a professional web developer so I knew the skill, it all started with my friend asking me to build a web app for his uncle.
Currently it’s word of mouth and referrals, so I’m still figuring out how to build a good pipeline to acquire more clients consistently and scale from there.
Hey buddy I have just started my new business. It will take time to evaluate all of this .best way to find out is to do itself .
Yes. I started in affiliate marketing and slowly climbed the ladder, i actually moved to China which fast-tracked my career, i ended up as COO which is where i really started to earn. sold 1 company, advised on a 2nd merger, joined a 3rd company as COO and sold that one. Yes it was saturated, it was hard work, long hours, lots of networking, lots of diplomacy, lots of pitching. we didnt spend on ads, but we had lots of networking, its would be easy to replicate since its an ad agency, at the time we were pulling around 8mil a year something like that, but our team was like 60+, so it was a reasonable sum, but net it was breakeven basically.
Do you make over $5000 a month ? Yessir the business normal does over $40 k usd a month with 25% profit margins on average!
If you do can you say what you do- I’m an international electronics broker, I’m buying resell 10,000s of electronics locally and internationally a reasonable profit
How you started it? - I started at a necessity original selling business was a flop. Bills had to be paid. I didn’t want to get a job so I started fixing Phones as a side hustle. I noticed that I made more money but I can reselling electronics versus trying to fix them.
Do you enjoy your business? - Yes it pays the bills. The customers can be a drag borderline annoying and delusional yet comes that with the territory!
Is it saturated? - Yes every day someone thinks they can get into electronics brokering, buying and selling phones. However, its reach a sufficient level requires business acumen and professionalism . That most people don’t possess.
How much you spend on ads? - Nothing currently have the highest rated Google My Business in the area at over 600 reviews.
How much revenue/profit you make? - 600k This year- will average $150k in profit. Varies from year to year to year depending on market demand
Is it an online business? - this is a physical business that requires individuals to meet with customers in person
Would it be hard for someone to replicate? - It’s not difficult to start, however scaling to the point of where Im at is a challenge for most would be brokers. Most flippers have a challenge getting passed $10k!
How much does social media affect your business? - social media is becoming a more prevalent focus to reach a larger local audience