Hi r/Entrepreneur I am a 19 year old. I am currently doing E-Commerce through Etsy and and have made £5,000 in profit from sales and I am looking to scale my sources of income further to use this £5,000 and turn it into much more however I’m stuck on what to invest in. I have also recently started Forex trading however I understand that this will take time for me to make money as it is a process and not a get rich quick scheme. Any help would be appreciated ❤️
Stop stop stop. To be frank, you’ve ‘only’ made 5k. You do not have disposable income yet. Put the customer data in a AI tool, and ask it what your perfect customer profile is. And double down on that. Its called Pareto effect: 80% of sales comes from 20% of customers. You’re on a roll, keep going and stay focused. Its to early to split your focus. Good luck.
Forex trading is a scam, almost everyone loses money doing that. Not something you just spend a few years doing and then you become profitable
“Invest in as much of yourself as you can, you are your own biggest asset by far.”
— Warren BuffettDepends on your risk tolerance. The quickest way to make some money is by staking some advantage gambling pros. But obviously that is a lot of risk. Otherwise, you can invest in the stock market either by picking a blue chip stock or a MMF.