What to do?

Discussion in 'General Business' started by Mr.tyro, Jun 5, 2007.

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  1. #1
    I am used to working for cash i.e. i used to be a designer and i have cash saved up and i am completely new to investing. I wanted to know what could i do to use my cash to make to make a nice profit.

    Some things i was thinking off and read about , buying and selling domains, this looks solid.

    I was thinking of real estate but i don't have enough yet for such an amount.

    The stock market and schemes along the lines look good but i don't have a clue how to do and i would like peoples experiences on them.

    I was thinking of wholesale but i had a nasty scam that i did get ripped of and only will try that later on. But i could sell them on ebay and so on.

    I wanted to know what a complete beginner could do to invest cash and make some profit?
     
    Mr.tyro, Jun 5, 2007 IP
  2. GMROCKS

    GMROCKS Active Member

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    #2
    depends how much cash you have.

    if you have ALOT of money I would invest in stocks.

    otherwise I would buy some websites.
    just a few.
     
    GMROCKS, Jun 5, 2007 IP
  3. Mr.tyro

    Mr.tyro Guest

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    #3
    How much would i generate and what budget would i need?
     
    Mr.tyro, Jun 5, 2007 IP
  4. allinternetbiz

    allinternetbiz Peon

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    #4
    Try Fx trading. But need to learn more on foriegn exchange in online. But returns you good, if you master it. Its 24 hrs trading through internet.
     
    allinternetbiz, Jun 5, 2007 IP
  5. Mr.tyro

    Mr.tyro Guest

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    #5
    I heard that people make a good profit selling domains
     
    Mr.tyro, Jun 5, 2007 IP
  6. GMROCKS

    GMROCKS Active Member

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    #6
    I tried selling domains and have earned nothing...
     
    GMROCKS, Jun 5, 2007 IP
  7. Mr.tyro

    Mr.tyro Guest

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    #7
    I was thinking of investing into stocks when i have abit more, Lets say what i could do with $1k and not be foolish with it.
     
    Mr.tyro, Jun 5, 2007 IP
  8. hmansfield

    hmansfield Guest

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    #8
    You need to understand that he internet is not like other businesses.
    There is no perfect formula, nor can you truly set a schedule for success, or a break even point for your investment.
    With all the knowledge, marketing, and SEO ...it is still a crap shoot.
    I would only recommend you invest this way, if you understand that.
    Most people who throw their hat in the ring online, will not be successful.

    You need t respect and understand that it is more difficult that B & M, because it is too new, and there are too many variables.

    If you were going to invest, it should be in something that is unique, that provides a service or entertainment not seen before, and you should have the technical support, and the financing to make it successful, and still it may not work.
    This is harder than any other business.
    Domaining is not the way to go, you are at least 5 years too late.
     
    hmansfield, Jun 5, 2007 IP