What are some ways to start a business?

This question was asked of me on the Quora website. The following is my answer.

Good question. I have started many businesses over the last 45 years. When I was 14 years old I started a landscaping and tree cutting business. The simplest way was to knock on people’s doors and ask them if they wanted their trees cut down and shrubs cleared away. My 17-year-old brother and I rented the power saws and did the job. We then bought our own equipment from the profits of the first job (it was just under $300) and expanded our business. We made over $10,000 in one year back in the 70s.

The easiest way to start

The easiest and simplest way to start any business is to just start it today. I have built a multi-million dollar business by listing all the items I had at home that I didn’t want, then after everything was sold, looked to buy more things to sell. I chose technology and bought from recyclers, leasing companies, and retailers that needed to sell what they had to clear the way for more product. They also needed to convert assets into cash. Thus my asset recovery business.

Once again you just need to find anything you currently own free and clear without any debt attached to it and sell it. That is the simplest way to start your business today. The real issue isn’t starting, it’s continuing it.

There are many platforms you can sell things on like eBay, Amazon, Walmart, Etsy, Facebook, or whatever. Just need something to sell that people want to buy at a price.

My Top 10 List

Here’s my list of ways to start your own business from home. The key element for me is always being able to work from home for myself.

  1. Find out what’s needed and wanted and produce it.
  2. Sell products on major platforms like eBay, Amazon, Walmart, Etsy, and or Facebook.
  3. If you don’t have anything to sell then ask your neighbors what they have they don’t want and sell it for them. This is called selling products on consignment.
  4. If you’re a writer and or designer then advertise your services on Fiverr or Upwork which I have used when I need someone to do work for me. Web Designers, video editors, book editors, SEO people, etc.
  5. Open an eBay and or Amazon account and dropship product from Costco and or Sams Club. I did this just to see how it worked and actually sold a bunch of product. Not very profitable so I stopped it but If I had nothing else then I could have just focused and expanded it.

Dropshipping and other ways

  1. The above including dropshipping and consignment require little to no money. Just need a computer and a good internet connection. Use your phone to take pictures and you’re in business today.
  2. I make youtube videos (almost 80 on my Mike Addis Channel) and write a blog post. I have yet to monetize any o this stuff but someday I may. It doesn’t produce any income today but who knows what will happen down the road.
  3. If you have the money you can start an investment business as I have. Just buy real estate and if you don’t have enough money find a crown funder like Fundrise and invest with them I think for as little as $500. I am not recommended you do this but there are many people that do.
  4. If you have the money you can start researching public dividend-paying companies and invest in them. I buy public companies whenever I have extra cash from my asset recovery business, the same goes for real estate.
  5. Buy a franchise. There are some pretty good franchises out there for sale. You can buy an existing one, or start one from scratch.

Selling Knowledge and Information

The knowledge you have has value to someone, somewhere. I have been asked and answered many questions on this site. The benefit I provide is worth something to someone and they may have even used my knowledge to save or make money for themselves.

My lawyer charges $750 an hour. So I can easily charge that much with a minimum of $5000 a day for example if I wanted to go into the consulting business. So look for things that you like or are good at and promote those things through different services like the ones I mentioned above.

The key to your success is not depending on starting a business, which of course you have to do to begin the process. The key is always how disciplined you are to continue in the business. I like listening products because it’s proven to me it works and you can get a result today. You don’t have to wait like in a service business.

Conclusion

There is always a need for labor somewhere. You can always cook and clean for people that need that service and their always someone who wants people to watch their children. So the Nanny’s I meet in the park while walking my 2-year-old son make upwards of $23 an hour, and work about 6 hours a day. 5 days a week. Not bad money for walking in the park on a beautifully sunny San Diego day in the middle of winter.

Mike Addis

Disclaimer

Please read this disclaimer (“Disclaimer”) carefully before using the Maddiscash.com website operated by Mike Addis.
The content displayed on the website is the intellectual property of Mike Addis. You may not
reuse, republish or reprint such content without our written consent.
All information posted is merely for educational and informational purposes. It is not intended
as a substitute for professional advice. Should you decide to act upon any information on this
website, you do so at your own risk.

This Website 

While the information on this website has been verified to the best of our abilities, we cannot
guarantee that there are no mistakes or errors.
We reserve the right to change this policy at any given time, of which you will be promptly
updated. If you want to make sure that you are up to date with the latest changes, we advise
you to frequently visit this page.

 

Mike Addis!!

Read More!!

Leave a Reply

Your email address will not be published. Required fields are marked *