/biz/ - Business & Finance

I was thinking of going into the camping gear business. It will take some skill and large initial investment but im pretty sure companies like north face are selling their shit for 200% margin probably.

The highest margin lowest cost business you can make is convincing people that they have a problem that they need to solve and that only you can solve it.

Women & children are great demographics because they're impulsive shoppers and don't make purchasing decisions based on their ego like men tend to.

>>15908547
Yes the beauty product industry is excellent in terms of margins, the issue is how competitive it is. I think if you could create a normie enough brand you could milk it easily.

bump

I am gay and I hold Chainlink.

>>15908573
Good contribution

I am a nigger and I hold Chainlink.

>>15908672
I've never seen a better convincing argument to sell then this.

>>15908560
How to break into this industry? I’m gay btw

>>15908801
Halfway there, anon

Wendies or other fast food chains like it. They make a killing and the way they have it set ensures that all the franchises make bank. You could even try going to a local fast food company and trying to expand territory.

>>15908957
Low margins though, depending on how many you own. Plus, depending on the fast food franchise, you may have to employ a significant investment.

>>15908957
High initial capital required to get a mcdonald's franchise and so

good dead thread though

>>15908515
hidden gem: Pi Network

download and use code Kozii

>>15909789
Yeah from what I've read in Australia you need at least 1 million in liquid assets ( cash ) as a requirement, and not all of them are money printers, I think it's about location.

I'd be very careful about franchises, if you've got a good idea, basically selling tasty food, copy as much as you can and build up suppliers equipment from scratch, look up Retail Food Group horror stories

https://www.smartcompany.com.au/business-advice/franchising/high-profile-franchise-horror-stories-reveal-rich-lessons-franchisees/

A lot of the head corporations business model is to make profit from selling franchises to take boomers life savings through sales and fees, not selling a good business.

>>15908546
If you sell any decent amount of gear, it will be copied and on AliBaba in a week.

China is THE issue anyone faces, making something. They copy EVERYTHING. They scour the internet for other people's ideas. If you make even a little noise, they'll buy some of your product and clone it. Seen it happen 3 times. All 3 times, they lost everything.

You have to be able to make something that's too expensive to ship from China to avoid it. Or something they can't make, because they can't get the resources, etc.

>>15908515
>>Businesses with HIGH margins
>>Low Capital requirements
>>Low skill requirements
>>Scalable
Serious answer: pick one. You're cherry picking best case scenarios, and trying to shove them all together, and it doesn't work that way.

>contact your local small business development center, they should give you consultants to see what your city lacks, what the competition is, etc, basically do all the heavy lifting market research for you.

That's not how it works, at all. Nobody is going to hold your hand and tell you what kind of business to start, and there are no "consultants" of that kind. You want market research, you have to pay for it, and that's top dollar stuff - and they'll sell that research to the big chains and conglomerates who are looking for spots on the map to plunk down another Starbucks or Subway.

If you want to start a franchise, you go to the people selling the franchise. When you pay up front for your franchise license, they MIGHT give you some location ideas, but most of the time they hold back the really prime spots for the bigger whale customers, the guys who own multiple franchises already.

If you want to start a small business, go for it. Lots of people do. Some even make it. But nobody is going to hand you anything, you get to do what everyone else does - use your number one resource - you - to provide the labor to get it up and running, and then you build from there - or fail and start over. But nobody is going to give you anything, be it location, market research, equipment, or anything else. It's all on YOU - and that's why most people don't try, because it's a LOT of fucking work.

>>15910213
>durrr

>As a small business client there is no limit to how long you can work with us. We’re with you for the long haul. We’ll be there as you formulate your idea and build your first prototype. We will crunch the numbers with you to develop your financial projections and monitor your cash flow. We will help you package your loan and locate the financial resource that best fits you and your business. When you do well domestically we’ll be there to train and help you export. And when you’re ready we’ll guide you through building a succession plan, selling your business, acquiring a new one or developing an exit strategy. Whatever your need we’ll be your Advisor every step of the way.

>The Certified Business Advisors® that staff the SBDC offer integrated services to meet the needs of experienced small business owners, as well as individual entrepreneurs. The SBDC works with entrepreneurs in all industries, at all stages of business development with fewer than 500 employees.
Our Core Services provided include:

Free, One-on-One Business Advising
Workshops and Training Programs
Strategic Business Planning
Market Feasibility and Research
Marketing Strategy Development
Cash Flow Analysis
Financial Projections Development
Capital Source Identification
Business Assessment Valuation
Inventory Control Assessment
Loan Packaging Guidance
Government Contracting
Franchising
Regulatory Compliance
Home-Based Businesses
Veteran’s Business Issues
Woman’s Business Issues

>We are part of America’s SBDC national network comprised of over 1000 Centers across the U.S. including 28 in Ohio. The Ohio SBDC Network provides one-on-one advising, by Certified Business Advisors, at no cost and conduct no or low cost business training. We focus on all industries and business needs from seed to maturity and everything stage in-between

>>15910213
On second thought instead of spoon feeding you, since you're clearly a fucking retard how about you just get the fuck out of the thread

>>15910255
Checked

Based.

>>15910241
Oh, christ, you'll believe anything, won't you? LOL. Have fun failing.

>>15910255
Ah bloo bloo bloo bloo

>>15910373
>dude you'd believe that the government would actually give out gibs?

ok retard

>>15910446
great go take your free business classes and then become a millionaire businessman.

>>15910485
>great go take your free business classes and then become a millionaire businessman.

>>15908560
I thought about making sciency cutting edge anti-aging beauty products that may or may not work but science supports it. And I was prone to eczema outbreaks as well so I am familiar with sensitive skin shit. I also used to work as an emulsion chemist.

What I'm saying is I can do this but I haven't done it.

>>15910515
What's stopping you anon?

>>15910241
Dude you're copy/pasting a sales pitch. They are trying to get you to buy that shit. The standard rule still applies:

The majority of new businesses fail.

>>15910529
Lack of equipment. I used to work for a construction chemicals firm so I know about the initial investment required to produce that shit. The issue is even the start up capital to produce those types of goods for a test run is significant. And that money is probably better spent gambling on the BTC halvening. With enough start up capital I can put together a lab and a small manufacturing line, then see if I can get MILFs to buy my anti aging treatments.

Guess I'll have to live that life too so I have awesome skin.

Start up capital business fren. It's nothing to balk at.

>>15910515
>that may or may not work but science supports it
what. is this some herbal product meme

what things would you do if you switched bodies with this girl for a week?

>>15910615
Nah, antioxidants. Just an experimental new one blended together with ones that are proven effective. Maybe throw a vasodilator in to increase bloodflow.

>>15910737
There are tons of anti aging creams out there already. Unless yours is a miracle, you're not gonna outcompete them. Would be better off meming an herbal supplement type thing.

>>15908515
any company that is selling via "brand" or "idea"
with a shitty/average product that solves a problem it created.

Apple is a great example of a brand following.
ANY clothing brand is a good example of shit product for high price.
Just copy anything like chyna

>>15908515
bitcoin
bitgold
ethereum
chainlink
monero

>>15910241
actually it does look pretty useful. I mean, not a big fan of government services but if it's free then why not

>>15911080
Time isn't free. They're probably OK at best.

>>15911127
it's called taxes you fucking mong

>>15911141
He meant they're free to go to. No shit they cost money to actually offer them.

>>15910948
It'd have to rely on marketing to take off. honestly would be better as a hobby at first. I just like making quality products. I was pretty good at it. The lotion thing would be cool but I'd be okay with making say, artisan soaps, solid and liquid. Or crafting a beer or wine. I'm also very good at cooking; chemistry tends to help with that.

I dunno. At some point I'm just going to tinker with various products and make stuff I would use, then offer them up for sale and see if people like what I like. I can tell you they like my food, and construction firms liked my products. So.. fuck, I think I just need to start tinkering.

Has anyone here bought a site on flippa or somewhere else that was actually making money?

I thought about it but if I want to buy something that pays me, I suspect real estate will have less opportunities for dishonest sellers to misrepresent the asset they're selling me.

The tax benefits of real estate also blow business out of the water.

>>15908515
I walked into a sorry little hibachi place this evening with very low expectations. Poor presentation, dingy lighting, lots of seats but hardly anyone sitting and eating despite it being dinnertime on a weekend.

Turns out, the place's a well-oiled machine. Small menu, streamlined prep, very tasty. Must've served thirty people in the time I was sitting in there - lots of carry out, which I guess is why it was so empty. Seriously considering pitching the owner makeover/expansion funding. He's clearly doing some things exactly right and others exactly wrong.

>>15911333
I am considering real estate, I want to see if I can get a cheap house off auction and then fix it up, I renovated my own house for cheap and I think I can do it as a side income type of deal, the only thing is that you are going to need a decent amount of starting capital, the foreclosure auctions I have been looking at want you to pay in cash within a few days of winning.

>>15910576
You can tell from his crying response to me he's a retard who thinks he knows everything because he got a spam email about it, and is going to be a captain of industry because he goes to some free sales pitch from a retired marketing wonk who got a cushy state paid job selling pipe dreams to idiots. I've been to those meeting, for a goof. They're pointless and useless. Funding? They literally just show you how to look up banks online, and EIL5 loans to people with no credit.
But, when you also consider he's treating an actual business like a get rich scheme, with his "low investment cost, high profit margin" nonsense, pretty sure this is a lazy poo who tried drop shipping, lost his ass, and now wants /biz to find his next get rich scheme with low effort.
In other words, typical /biz nonsense.

>>15911686

>>15910997
>monero
An Absolute Unit this one

>>15911699
>You
>Only has lame memes

Stay assmad, and a failure, poo. You're the best free entertainment on the board.

>>15910241
>>15910255
Imagine being so retarded you make a thread on a Chinese shrimp breeding website asking people to tell you their scaleable, low cost, low barrier of entry and high margin business for free then crying at someone giving you life changing advice

Buy a small business from retiring owners, sometimes the business is doing fine and they just want

>>15911820
Want to get rid of their business due to age to make some profit, just buy the business, continue what they are doing, then flip it for a profit later and then either invest or retire.

>>15911808
Hilarious, ain't it? It's gotta be a poo, because only poos shamelessly beg like that.

Starting a business, for the right people, is a great thing to do, you learn a ton, you work your ass off, and if it makes it, it's all good. But this moron thinks he can get some "secret" business plan he thinks exists, by trying to pretend this is a business advice thread. It's the same as all the 'I hot wrecked, my mom is dying, and my cat needs braces, please tell me what coin to invest in" spam the poos fill this place with day and night.
They're lower than the IRS/Social Security scammers, because at least they DO something to try and rip people off.

>>15911862
>>15911808

>>15911699

>>15908560
This is good advice. Go organic and earth-friendly and you might be onto something.

>>15908515
How do I start and run a pizza shop and not be on food stamps?

>>15911902
Anon my man after re-reading your highly informative thread I’ve thought of the perfect business for you! In my opinion its definitely a “hidden gem” and works well with your “fuck passion” attitude.
It’s actually fairly prevalent here in SEA and I’m honestly shocked more people posting these threads daily for the last 5 years havent worked it out yet.
It requires minimal capital and you can start with limited skill because you’ll improve on the job. More skill also = more pay. Scaleability might be an issue for you depending on the traffic and tastes of the area you live in but it’s very situational.

Basically your gonna need a couple hundred dollars to get your foot in the door with this but the money will start rolling in fairly fast. First your gonna need a gym membership, groomed appearance and some decentish clothes to wear. Once you’ve got that sorted start posting adds on gumtree, Craigslist or similar sites offering your service to suck cocks for $50 a shot. Essentially $100+ an hour and you don’t even have to leave your own home anon! You can also try scaling up and doing some blow bangs once your skills improve netting you $200+ p/h. Similarly your local government / city will be more than willing to offer you free check ups (depends on health system) and may even direct you to more profitable neighbourhoods!
Godspeed.

>>15912112
I never asked for business advice, you fucking idiot. Perhaps if you had any ability to comprehend what you read, I wouldn't have called you a retard from the get go. I'm sorry I hurt your feels anon, it's okay though. You can go to >>>/r*ddit/

>>15908546
FUCK THE CHINESE
TRUMP 2020

>>15912102
Make really good food
Have several locations that don't cost a fortune

food trucks in cities that are growing but arent trendy yet

>>15912182
Are pizza trucks a thing? That would be cool to gave one with a window that lets the customer see their pizza in the oven.

>>15912149
Enjoy that low capital gem my man!

>>15912102
i went to a cool artisan pizza shop with a mega oven that flashcooked these personal pizzas in like a minute. Had weird fancy sounding ingredients like water buffalo cheese, prosciutto, calmata olives, that sort of shit. the pizza guys rolled out the dough by hand through a clear visor and put your personal pizza together. Was a bunch of people in there for lunch on a Sat, notably women/girls who want to eat a pizza but want to pretend they're being healthy/fancy.

It was pretty gud,a bit high priced but not overkill. They have a gimmick, the food is good, and they serve beer. Would go again.

>>15912198
>wahh op put some direction in the thread and contributed something

>he just wants to steal ideas
You really are a fucking brainlet you stupid nigger just fuck off out of my thread I'm going to filter your post ID now, buh-bye!

>>15910167
this happened to me - had a mask business which they had entirely copied within a year - was only doing about 75k in revenue but they'll do anything and everything

this is why we need orange Man 2020

>>15912237
based orange man fucking up the chinks so we americans don't have to compete with artificially low manufacturing prices.

>>15912222

I run a small print shop from my basement. I can easily turn a roll of $150 vinyl and a $100 roll of laminate into 15k. I bought a printer (new) $455 monthly payment and used laminator for 1k. The only other supplies I needed was a good 4ft ruler, some blades and a $250.cutting mat. The work is easy setting up files is easy to learn and printing is easy just don't skip the maintenance and due diligence. I have tried building a website and competing with the big boys but 240k AdWords budget isn't happening any time soon. Right now I'm focused on getting clients in the events and film industry. They literally do not give a shit how much u charge as long as it's perfect and u can produce in impossible turn around times. I have one regular client that puts 2-3 k a week in my pocket and business has slowly snowballed over the last year. With minimal work put into finding clients I have picked up a few customers that place at least 1 order a month. The most I ever made was 20k in a month and invested about 1k in materials and installers. One day I'll hopefully have my own shop but for the time being I'm happy to work and keep stacking this money on the side. Hopefully in a year I'll have enough to purchase or buy into a company with an allready existing client base. If any anons have a desire for sales and ass kissing drop your burner email.