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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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51360578 No.51360578 [Reply] [Original]

What are the best businesses I can start with $10-20k that are little to no maintenance as far as running it day to day? And none of this "vlogging or digital marketing" bullshit, I mean an actual business that will generate income on the side. One option I'm considering is a parking lot but I need other ideas.

>> No.51360611

>>51360578
you can start by quiet quitting life

>> No.51360615

Bump for real hustle
I like japanese maple nursery

>> No.51360631

>>51360611
What does that mean?

>>51360615
I have no idea what that means but it sounds promising

>> No.51360642
File: 280 KB, 782x751, 1638318967391.jpg [View same] [iqdb] [saucenao] [google]
51360642

>>51360578
>tree hugging
FUCKING PAGAN!!!!!!!! IT'S A WITCH!!!! BURN HER!!!!!

>> No.51360652

>>51360642
True hugging is good for the environment faggot

>> No.51360667

>>51360578
if you want passive, storage units are big right now also.

if you're willing to start off more active there's a shitload of possibilities in janitorial or landscaping or painting or siding or other similar low-key property maintenance lines.

I have a janitorial biz. It costs almost nothing to start but you'll have to know how to hire managers and estimators and labor because there's so much work to do if you know what you're doing and have decent prices.

any 'real' business is going to be a real estate and tax shelter play with your actual profit coming from equity. But it's a pretty simple way to make a few million dollars out of a few thousand if you know what you're doing. Or you can go broke over and over again if you're and idiot.

>> No.51360716

>>51360667
Thanks for the advice. I thought about storage units but I'm having a hard time figuring out how much it costs to get into that. Besides that I'm considering real estate but I'm always worried about getting shitty tenants or having to deal with people's bullshit all the time.

>> No.51360740

>>51360716
what I meant by real estate is that the business which you own is the tenant of the property you also own.

The business itself grows equity as it expands, and you have the property at the end of the day as well, paid for by the business mostly tax free. This is the main idea behind most brick and mortar businesses. The business doesn't matter, it's just there to buy you real estate.

>> No.51360748

a parking lot

>> No.51360767

>>51360716
where I live storage units would cost you millions of dollars. If you have a large tax burden you can write off those millions though.

depends where you live and what your taxes are. If you don't make millions a year something like parking or storage or vending isn't likely to make you much money. But if you're already a millionaire they're a decent tax write off because the land itself can transfer to your pocket.

>> No.51360781

>>51360578
You just KNOW.

>> No.51360799

>>51360767
>where I live storage units would cost you millions of dollars.
Is that because you have to buy the property itself? If I had millions to invest I'd just put it into a cash dividend ETF in that case. I've considered venting machines but it sounds like way too much work for little profit.

>> No.51360805

>>51360781
th-that she fucks trees?

>> No.51360816

>>51360799
you don't have to buy the property but that's the entire point of the exercise

storage units don't pay more than apartment renters. The only reasons to build storage units instead of apartments is for the tax write off and so you own the land when the business is done.

>> No.51360845

>>51360578
>omgggggg she’s so quirky ^-^ :3

I hate women so much it’s unreal

>> No.51360846

>>51360799
>>51360816
same deal with parking

parking probably won't even pay your mortgage or lot rent. The only reason to do it is for the tax deductions and owning the land at the end of the project.

same with restaurants, gas stations, retail stores, etc. None of those will give you a profit once the land is paid for. What you want is the tax loss and the property at the end of the day.

>> No.51360847

>>51360578
Vending machine. Stock it weekly, if it is in a really good spot may have to stock bi weekly

>> No.51360851

>>51360799
I'm a partner in a storage unit side hustle. It cost us just over $4 million to set up, but has vanishingly small revolving expenses. The profit margin is better than if we had built luxury residential and especially better than if we had built commercial (we would have sudoku'ed). I want to tell you more, but I would get stabbed in the fucking head if I told you where it is and what our margins are. I can, however, tell you that it's not hard to float 4 million in leverage if you're willing to make a down payment of 1 mil, but you need to keep your fucking interest rate under control.

>> No.51360860

>>51360846
Real quick, don't do parking garages. The structural engineering, licensure and liability will pound you in the ass. I promise you, it is the most jewed fucking thing in the world.

>> No.51360874

>>51360851
>but has vanishingly small revolving expenses.
you should be depreciating the structures, writing off office space, all the usual costs of doing business. No actual profit for the tax man until you sell your equity and take the cap gains hit.

which could be a very long time from now.

>> No.51360882

>>51360578
>little to no maintenance
>an actual business

I don't think you know what an actual business is. You have to actually work with an actual business.

>> No.51360891

>>51360816
>>51360846
What would you recommend I do with 20k?

>>51360847
Do you own a vending machine?

>>51360851
Why didn't you buy a fast food franchise instead? If I had 1 million that's what I would do right now. Would you say it was worth it?

>>51360860
So it's not worth it if I want to make money?

>> No.51360894

>>51360882
>You have to actually work with an actual business.
it's not a business until you don't have to work.

for real, one of the definitions of a business courts use in the US is something that will keep right on making money if you died today.

>> No.51360899

>>51360851
Without giving too much info (different country anyway). What do you look for in terms of location for land for storage units?

>> No.51360903

>>51360882
Well I meant in terms of not having to be there everyday or most of the time. Compared to something like a bar for example where you have to constantly be there or monitor the business.

>> No.51360907

>>51360891
>What would you recommend I do with 20k?
I would recommend starting a commercial janitorial company, but only because I know how to make millions doing that.

>> No.51360924

>>51360907
How did you learn? Was it a family business?

>> No.51360931

>>51360578
an ice cream stand
https://m.youtube.com/watch?v=a86PkIlWbnM

>> No.51360947

vending machines
lawn mowing
buy farm fruit en masse and pay to set up a local market

>> No.51360972

>>51360924
it was a family business. I married into the family and bought the business. The I made it much larger.

>> No.51360983

if you live in a growing city
go to the outskirt suburbs that are being created
look at your local towns plans
set up any of the following businesses asap
>>mobile phone repair
>>lawn mowing
>>restaruatn
>>cafe
>>tutor
>>fitness coach
>>vending machine
>>barbershop

you get the benefit of first mover advatage
and new locals will be loyal to you as its a new subrub and you were the first lad to fix their phone/wash their clothes/ suck their cock

>> No.51360994
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51360994

>>51360652
He's a jew so he hates nature and paganism. Picrel.

>> No.51361006

>>51360903
I think what you're looking for is owning investments, not a business startup. Starting a real business is going to be a ton of work. With 10k and little work you can expect a decent investment to make about $800 a year. You're going to have to work if you want to make money.

>> No.51361022

>>51361006
>You're going to have to work if you want to make money.
if you know what you're doing you can start a multimillion dollar biz with a couple bucks

OP doesn't know how to do that though. It usually takes decades of learning on the job to do that.

>> No.51361059

>>51360983
>>51360947
Noted, some of these sound interesting. Wouldn't a barbershop require buying the building?

>>51361006
>I think what you're looking for is owning investments
You mean like real estate? I plan on doing that also, but I'd like a business on the side as well

>>51361022
I don't have time to do that. I'm already 30 and I'm just now going to finish college soon. I'd prefer something that can make money with low start up money, even if the profits are small for now.

>> No.51361110

>>51361059
>I don't have time to do that.
I bought my biz when I was 30.
It took 2 years to make my first million dollars with it.

but I spent years 20-30 managing other people's businesses and making them millions. If you can't do that I wouldn't bother with business.

>> No.51361120

>>51361110
Thanks but I'll take my chances.

>> No.51361150

>>51361120
Yep. About 1/3 of men do.

of those, about 10% will make more than a million US. Of those, about 1% will make more than 10 million US.

of those, all will declare bankruptcy at least once, and the millionaires will declare bankruptcy about 3 times. Don't give up. Keep trying after your first few failures. 3rd time is a charm for those that will make it.

>> No.51361183

>>51361059
my barber rents the place, moved stores last. year

>>51361150
even better go i9nterational

south east asia is dying for businesses theat are saturated in the west

you won't make money selling aussie coffee in sydney
but you'll make a cool million selling branded aussie themed coffee in malaysia

>> No.51361190

>>51361183
my business competes internationally. But you really have to know world markets.

or hire someone that does.

>> No.51361201

>>51360874
You really think that we spent several million dollars and didn't do all of that? There are limits, however, to what can be done. Those are good strategies, and everyone does them, but do not fool yourself that somehow they completely erase your tax burden.

>>51360899
I strongly recommend find a building that is structurally intact but an empty shell. Old office buildings, warehouses, apartment complexes, etc. are fucking amazing. Otherwise, look for empty land.

>>51360891
Honestly, fast food looked like a pain in the ass. I've also seen quite a few families lose their asses from Subways and McDonalds. Apparently Panera and Chickfila are good to operate, though, but their markets are saturated.

>>51360907
Tell us more, fren.

>> No.51361227

>>51361190
go learn mate
no excuses anymore
fly to south east asia annually, set meetings with businesses and your trade embassy, learn
after a few trips you'll know

do it now so you have a big network by 40

>> No.51361231

>>51361201
>do not fool yourself that somehow they completely erase your tax burden.
erasure isn't the goal and we both know it.

we shift income tax today for much lower cap gains 20 years from now.
That's all. Pay less taxes. Throw cash on the fire to keep it burning.

>> No.51361238

>>51361227
>do it now so you have a big network by 40
I'm a 50 year old multimillionaire.
I hire other people to learn that shit.

>> No.51361327

>>51360983
>fitness coach
do ppl really pay for this shit? If so normies are even dumber than i thought.

>> No.51361599

>>51360994
get the fuck out to /pol/ pagan larper

>> No.51361806

>>51361183
>you'll make a cool million selling branded aussie themed coffee in malaysia
why?

>> No.51362280

>>51361599
go back to israel schlomo.

>> No.51362326

>>51360578
Business where my penis is inside that warm juicy vagina

>> No.51362343

>>51360631
Quiet quiting is basically communism. It's the natural esponse to the term "equity" and inflation.

>> No.51362368

>>51360611
Quiet quitting literally means doing what you are supposed to and nothing more now

>> No.51362382

>>51360740
That's exactly how mcdonalds works

>> No.51362393

>>51360805
BUILT FOR BTC

>> No.51363075

>>51361006
you can make over 8%/year with 10k just buying i-bonds right now lol, takes maybe 30 minutes to set it up and there's literally no risk of loss

>> No.51363125

>>51360578
Work and get a bigger nest egg then 10/20K and look to put a down payment on a decent rental property. Build some equity in said rental property, refinance pull equity out purchase another property, rinse and repeat.
That is as low effort as it gets with a high cash return.
Any 'low effort business' w/ only 10-20K start up capital will make very little to no money or just outright fail.

>> No.51363190

>>51363125
>Build some equity in said rental property, refinance pull equity out purchase another property
The best part about doing rentals this way is all the tax benefits. I just rented a property out which is only going to bring me $3k in cashflow/yr, BUT... after deducting for depreciation, that cashflow is tax free, and I get another $2k deduction on my personal income, while building equity. And when you do a refinance to pull equity out, it's not even considered a capital gain, literal tax free reinvestment. Real estate can produce absolutely stupid compound returns, but it gets a bad rep because people don't understand how to legally abuse the tax structures (which is where literally all the profit comes from) or get too greedy and overleverage themselves to the tits. The cashflow is just there to service debt, all the real profit is from tax free capital gains.

>> No.51363321

>>51363190
Definitely, It's a great route for investors to take once you take the time to understand the game.
Also once your portfolio gets rolling you can do a 1031 exchange on a property and pay VERY little taxes and then again refinance while obtaining a more valuable piece of real estate.
1031 bigger and better until you die.

>> No.51363392

>>51361327
People will hire a video game coach, so yes.

>> No.51363420

>>51360578
Tree trimming business. Hire 3 drunk retards and a salesman. Buy the equipment, fire everyone who bugs you too often.

>> No.51363438

>>51360578
invent a restrictive fad diet with a pronounced hedonistic element and shill it on youtube/tiktok

>> No.51363439

>>51361238
50 top kek
go look after your grandkids chiggger

>> No.51363494

>>51360667
>you're and idiot.
An idiot, idiot.

>> No.51363535
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51363535

>>51360578
You just...
know

>> No.51363550

>>51360846
Ignore these kikes. The Houston Medical Center gets the lion's share of it's revenue from Parking fees. Kikes don't want the goyim to know.

>> No.51363753

you can see her feet

>> No.51365713

>>51360578
theres breeding dogs.

also breeding lizards. i think i saved this whole thing I saw on here one time. honestly seems like you have a shed outback for them to live on. Ill try and see which computer i have it on and post it.

you can look into contracting for the gov. either providing a service or good. use sam.gov.
I've been researching this.

Also I've been thinking about real estate in countries that have cheap real estate but people from the west travel to and rent it out to them. but that obviously has alot of problems i need to go over and alot of research.

you can also look into a lawn care business. buy the tools and hire mexicans. I know a guy who did that.

I think its too much effort and not really scalable. but ive seen plenty of videos or articles of people getting stuff for free or cheap on fb market place and then reselling it.

reselling name brand clothes in developing or third world countries. has its own issues. But along time ago I worked at mall retail clothing store. and even buying it at retail prices the resellers were making a killing. but you need to have middleman to that country. all of the resellers were ethnic of where they resold to. except one white guy, but I think he married in.

also theres lead paint testing, but the testing gun is like 22-24k. saving up for that. my one friend is making a killing doing it..

>> No.51367814

>>51360578
If your doing anything b2c and don't blog and do digital marketing ur ngmi.

>> No.51368115
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51368115

>>51360578
I wish I was that tree.

IMO there are no practical "little to no maintenance" businesses. Unless you have hundreds of millions to invest.

Coaching/consulting only require a phone and computer. Set your own hours.

>> No.51368161

>>51360578
I will tell one but first I need you to answer this. If a certain business can be started with 10-20k, have little to no maintenance, and it generates income on the side, then what prevents literally every single person to not start said business? Especially in the age of the internet where ideas spread like fire.

>> No.51368242

I always recommend purchasing a line boring machine. It is actual work but everyone needs it done and it's super easy. You just sit and stare at it while boring a hole.

>> No.51368263

>>51361599
the tranny fears the outdoors

>> No.51368333

>>51360578
why is that whore up in a tree?

>> No.51368359

>>51360578
Storage units or parking structures in high demand areas (hospitals or urban areas)

>> No.51368825

>>51368115
she looked even hotter 10 years ago

>> No.51368858

>>51368359
With 20k like op aske??

>> No.51369524
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51369524

>>51360781

>> No.51369870

anybody here wholesale realestate? ive herd its good money.

>> No.51369988

I have about 6 girls selling rainbow popcorn in shopping malls, kids are obsessed, margins are huge (you can make it yourself or let a company that already has everything do it for you)

>> No.51370055

>>51365713
>also theres lead paint testing, but the testing gun is like 22-24k. saving up for that. my one friend is making a killing doing it.
Can you elaborate more?

>> No.51370079

>>51360845
polcel spotted

bad day for based vladi?

>> No.51370086

>>51369524
Do they pay you to fuck that bear?

>> No.51370244

>>51369988
How do you get into malls as a food vendor, is there an application process?

>> No.51370337

>>51370244
My stands are super small <1.5 sq meters
As long as they get a % (3% in my case) they are cool

>> No.51370366

>>51370244
Also, in my jurisdiction since I don’t cook the popcorn on site i am closer to a store selling bubblegum.

>> No.51370479

>>51360903
My friend owns like 10 bars across the US and he never goes to them

>> No.51370567

>>51361110
>It usually takes decades of learning on the job to do that.
I got lucky and sold my company for 14 million a few years after graduating. It was a tech startup, the kind where the concept and initial implementation is the most important thing. I admit I got lucky, but whatever.

>> No.51370806

>>51370567
Does your name start with Gar?

>> No.51370893

>>51370567
yep that's the unicorn path. Like becoming a rock star or professional athlete or something. Most people can't do that

most people CAN become landlords or gas station owners or whatever though. And those people usually have to learn on the job for a long time first.

>> No.51371647
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51371647

>>51360578
Every acre of land with Christmas trees on it, if grown in an exurb, is $80,000 of Christmas trees

>> No.51371759

>>51360994
this.
the jew fears the raven

>> No.51371765
File: 1.22 MB, 800x782, 1585341645513.png [View same] [iqdb] [saucenao] [google]
51371765

>> No.51371926

>>51360578
Bee keeper. Got a friend who does it as a side hustle and makes a lot from it.

>> No.51373017

>>51368161
>then what prevents literally every single person to not start said business?
Are you joking? Have you met the average normie?

>> No.51375208

>>51360578
>TRUNKED.COM
How can we even compete? It's over.

>> No.51376019

>>51375208
pussy splinters, that's how

>> No.51376163

>>51371647
It's not a fucking 'Christmas tree' until it's decorated. Conifer tree is the term you're looking for.

>> No.51376990

>>51360578
Parking lot is going to cost way more than that. In the city here it's $1mil+ for a single on street parking space.
There are very few if any businesses that you can start with such a small amount of money that also require no hands on activity especially because you don't want to do anything digital.
A laundromat might be your best bet but even those go for like $500k and I'm not sure what financing looks like for small biz but even i'd expect you to still need to come up w/ more than $20k + you'd want operating capital.
Your best bet having not a lot of money, IMO, is to just focus on earning more money.
The easiest ways for most people to do that are
>1. Earning more money at your regular job
Whether that means getting a promotion, or raise, or just moving into a career like sales that has a much higher income ceiling
>2. Skill acquisition
Whether that's taking an accelerated program to get into nursing, or coding, or plumbing it can be worth it to take 1 step back to take 2 forward.
A lot of people underestimate how long they are actually going to be working for so you might as well have a job that actually pays well.
Skills can also just be something like learning more about equity/crypto markets, trading, real estate, etc.
>3. Spending less
This is less important than earning more because even if you made $20k (net) each year and saved 100% of it you'd still be left with less than someone who earned $50k (net) and kept half of it.
>>51360816
I thought the reason people owned storage units was to park the land to sell to a developer.
>>51360846
Restaurants (if done right) absolutely give you a profit and almost no restaurant owner owns the building nor do they even want to.
t. I run a restaurant
>>51370479
Because he owns 10 of them. If you have 1 you need to be there every day and if you aren't lol glhf. There is no more assured to lose money on a business, especially a restaurant/bar, than by not being there or paying attention to it.