Business Ideas

[Willingham]

So I was thinking long and hard this weekend about my financial state of affairs. You see, I have a good job, $32 an hour, but I live on my own with a mortgage, car, etc...Its just not enough (join the club, I know).

I am thinking of embarking in a part-time business of some sort. A friend from work suggested I get involved in her MLM BioLife business but I have been through the Pyramid schemes before and don't care to do it again..

Since becoming an S/P is not an option, how about we banter out some ideas... Anyone have some thoughts?

 

[maxx50]

Me too

Yes I am some what in the same situation .. and know that i have to come up with some other source of income.
I personally have ideas all the time ,, but they require making a product
I have a few ..
One was the sex chair , not my idea .. they all ready make afew versions of them , ranging from $350 to $1200. But that is one product that there is so many ways to make it With me i can do the design work and the manufacturing ,, I need some one to sew the covers and perhaps markets them.
Then i have this idea for folding canopy for trucks ,once again a multitude of ways to build one ,and there are very few on the market.. They could easily be made to be like a covered wagon. just in time for summer camping ,THey do have tents for trucks ,, but they are a joke .. Mine would actually be made for a truck box and not an adaptation .

Then there is all these e mails i get a bout date entry or reading e mail on line ,, that say they pay any where from $5 to $25 per. Is there any one here that has tried that ?

 

[Willingham]

My background: sales in the past, went to computer school, and now computers are my life. I install and support a computer network for a big company...tremendous amount of knowledge required, huge headaches, huge pressure = NOT ENOUGH MONEY....

 

[Sit_on_my_face]

Pyramid schemes are for losers, unless you start them There are a few exceptions to this statement ( always is) but for the most part, it's true.
'Cause Hubba Hubba said so.......I still can't believe Stone Cold Steve Austin stole my line

It's pretty hard to give you ideas when I have no ideas about your skill set or anything about you for that matter.

Hey Hubba,

Can we say ........AMWAY!!!!!!!!!!!!

That always comes to mind when I heard these pyramid schemes. I tried that one a long long time ago when I was laot younger and seemed or they made it seen really easy. What a joke it was and I ended it pretty fast LOL. I couldn't get one person sighned up LOL..

 

[InTheBum]

Get your money working for you...

1.Learn to day trade...

2.Use whatever capital you have and start buying cheap older condo's around Vancouver. Fix them up with new floors, cabinets, appliances, lights etc..and make a killing.

When I say cheap, I mean relative to the Vancouver real estate market.
Eg. Coquitlam or New West Areas. Purchase a older 1 bedroom condo for say 140k...put 20k into it and sell it for 200k+.

3. Find a business partner...pool your cash...you become the silent partner. Do something legit like a Franchise.

 

[InTheBum]

My background: sales in the past, went to computer school, and now computers are my life. I install and support a computer network for a big company...tremendous amount of knowledge required, huge headaches, huge pressure = NOT ENOUGH MONEY....

I would rather have an easy job and cut your costs. Get rid of your car and sell your place. Live in a Van down by the river!

 

[Sit_on_my_face]

My background: sales in the past, went to computer school, and now computers are my life. I install and support a computer network for a big company...tremendous amount of knowledge required, huge headaches, huge pressure = NOT ENOUGH MONEY....

If you have all of this computer knowledge, why not go into your own business or fix computers for people on the side?

 

[Willingham]

If you have all of this computer knowledge, why not go into your own business or fix computers for people on the side?

I tried that - people didn't pay, and I wont "fix" computers for friends, family or anyone. There are so many variables with fixing computers, and its not worth it. Honestly, I want to transition away from the computer industry.

 

[waldo]

Could always try online poker

 

[Willingham]

I wonder what some of the high roller pooners on this board do for a living? Inquiring minds would like to know...

 

[maxx50]

Keno

Well i got one for you play my system on Keno. What is my system ?
It basicly is all about progessive beating and one fact about Keno.. that on all number combinations that you can pick . If you play them all day long you will win 60% of you money back,unless you are luck and the big one come in comes in .
Even on a two number ticket that pays $10.. you can play that ticket for up to 100 draws and still get more money out then you put in. As long as the two numbers come in in that time . Usually in a hundred draws any two numbers would come in at lest 6 time.. the idea is to up you bet after a number of draws .. Say after 5 draws you you bet $2 for the next 5 and then the next 5 you bet $3.. for 5 draws .. There is a whole schedual that has to be made ,, nd it all depende on how much you want to win per ticket.. but stil findinf the afordable haappy meadioum.. Because your two numbers may not come in right away .. you may end up going 30 ,50 or even 80 to 90 draws.. I know that has happened to me
.. You need $1000 and then play only from the self serv matchies.

 

[mustangjoe]

I wonder what some of the high roller pooners on this board do for a living? Inquiring minds would like to know...

I collect pop cans.

 

[mustangjoe]

1.Learn to day trade...

.

Good luck with that more people go broke then not... otherwise we would all be sitting at home doing that.

1.Learn to day trade...

2.Use whatever capital you have and start buying cheap older condo's around Vancouver. Fix them up with new floors, cabinets, appliances, lights etc..and make a killing.

When I say cheap, I mean relative to the Vancouver real estate market.
Eg. Coquitlam or New West Areas. Purchase a older 1 bedroom condo for say 140k...put 20k into it and sell it for 200k+.

another good one. Ok.. I'll play along.. buy for 140k.. what about transfer tax? fix for 20k.. ok, now it's time to sell.. the realtor will take $15k off the top.. how long will it sit on the market for? 3-4 months? add interest... now you are up to 190k to break even.. oh wait, we forgot about GST on realtor fees, notary fees to buy & sell plus gas and all that. Add your monthly maintenance fees, property tax and hydro. ARe you going to do it all yourself, hence loose money from taking time off work, or hire labour? Your slim profit margin just disappeared with that consideration.. think about opportunity cost too and you'll be lucky to break even..

 

[mustangjoe]

Well i got one for you play my system on Keno. What is my system ?
It basicly is all about progessive beating and one fact about Keno.. that on all number combinations that you can pick . If you play them all day long you will win 60% of you money back,unless you are luck and the big one come in comes in .
Even on a two number ticket that pays $10.. you can play that ticket for up to 100 draws and still get more money out then you put in. As long as the two numbers come in in that time . Usually in a hundred draws any two numbers would come in at lest 6 time.. the idea is to up you bet after a number of draws .. Say after 5 draws you you bet $2 for the next 5 and then the next 5 you bet $3.. for 5 draws .. There is a whole schedual that has to be made ,, nd it all depende on how much you want to win per ticket.. but stil findinf the afordable haappy meadioum.. Because your two numbers may not come in right away .. you may end up going 30 ,50 or even 80 to 90 draws.. I know that has happened to me
.. You need $1000 and then play only from the self serv matchies.

yes, gambling is always the solution.

 

[Aerts]

I think owning a vending machine route would be an awesome business to go into.

 

[Willingham]

this is tougher than I thought - gambling and real-estate are out. I already own real estate, thats why I am equity strong, but cash poor; i am in for the long term.

 

[turquine]

I finished the securities course and used to buy and sell money. Amazing pay in the form of performance bonuses and commissions, but the stress nearly killed me. If you can handle stress, try that for a while. If not, stay away from any sort of securities trading or you'll be visiting a cardiologist.

 

[Oldfart]

MLM sucks.

 

[dipitydoo]

so in your opinion, what's a better option, to focus on a product or on a service?

 

[CODe333]

Just a few thoughts

One thing I'd suggest is go to the big central library and see what books, magazines and reference materials they have on career changes, home business and small business ideas. A couple hours spent looking at materials like that may give you enough ideas to flesh out a plan, find a new application for old skills, or at least give you a good range of ideas. Some info sources may also also be available through their website (databases and the like). You could also use the online reference service (I think it's called Askaway) through the library's website to find out what sources they have.

I'd also check out info on work overseas. I've know several people who found interesting jobs overseas, rented out their property while they were away and had some fun doing contract work in a great tropical location, etc. Not all overseas jobs are great so you need to do your homework. I've also known people who move into a rental cheaper than their own mortgage while they rent out their own place, sometimes for a rate greater than their mortgage. Won't work in all situations but something that works for some people.

You're smart to look into options for additional income. Few people are able to live well these days even with a full-time job. And when it comes to retirement very few of us will have anything close to a lavish lifestyle when it comes times to live off of pension or retirement funds.