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Ask HN: What business you can start under $100?
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Re: Ask HN: What business you can start under $100?
#2Arbitrage. Find two markets where there's a price disparity you can exploit. Maybe it's CraigsList and Facebook or eBay and Amazon. Buy from one, and sell on the other at a markup. Start small, and scale up from there.
Re: Ask HN: What business you can start under $100?
#3You can join Merch by Amazon. Design your own T-Shirts or pay someone on upwork to design them for you. There are people making good money on this platform. Go on youtube and watch videos on it.
Re: Ask HN: What business you can start under $100?
#4Buy a flock of chickens to feed. Sell the eggs.
Re: Ask HN: What business you can start under $100?
#5Stock trading robots - you won’t make much, but you can dip a toe in the water... After/if you figure it out, you can scale easily pretty much up to millions and more...
Re: Ask HN: What business you can start under $100?
#6That's a broad question. Also depends on your age and qualifications.
Low tech: I can think of lawn mowing, fixing PCs for the elderly, etc.
Programming: find something that you can fix for people around you... is some friend or family member having trouble with invoices? Tracking Christmas packages is a pain? Handling returns/gift cards?
Quora thread answering same question:
Re: Ask HN: What business you can start under $100?
#7Stock trading robots - you won’t make much, but you can dip a toe in the water... After/if you figure it out, you can scale easily pretty much up to millions and more...
Can I buy you a coffee and pick your brain a little bit? I'm not looking for your secret sauce, just looking to hear some of your war stories and learn about how you got started. If you are interested, my email address is in my profile.
Re: Ask HN: What business you can start under $100?
#8Stock trading robots - you won’t make much, but you can dip a toe in the water... After/if you figure it out, you can scale easily pretty much up to millions and more...
I wanted to do this at one point with cryptocurrencies.
Use historical pricing data, NLP and comment volume on cryptocurrency subreddits and threads, frequency of search terms from Google analytics, major exchange status (Coinbase, Gemini, Kraken, etc. - whether they are up or down as dummy variables), frequency of crypto-related news, etc. all plugged in as features into models in Python and linked with Gemini trading API.
I started working on it and then got lazy (and bad RSI from being at my computer way too much) and it never materialized. Plus, I guarantee somebody else is doing it, or models like that probably aren't too successful anyway.
Could be fun though.
Re: Ask HN: What business you can start under $100?
#9Some simple starter ideas - sorry no space to go into details - email me if you want more info:
1) Create a website. Join some affiliate programs. Drive traffic to the website. I've done this. Didn't make too much money but it was a small income. I know a lot more now so probably could do a better job.
2) Create a course and sell it via Udemy. Not done this myself (yet).
3) Write an e-book and sell it through joint venture via someone else's website. Done this (back in 2003/2004). Make a couple hundred a month from it. I wrote a book on living in Thailand but you could do anything.
4) Start your own removals company using a rented van. (You only need some insurance a strong back and a few local ads or word of mouth). Having done my own removals a few times plus the same for friends can be a nice little business. Be prepared to walk away from specialist jobs though (no grand pianos)! Free workout with every job. ;)
5) Learn a trade. You an set yourself up as a painter and decorator for next to nothing. This is a nice little side earner for me (and was for my Dad too - he taught me, and his Dad taught him).
6) Set up a little consultancy showing small businesses how to use free software. I've done this too after I got asked to install a free CRM system for a little business (oil services) and they then asked me to work up a training course for them. I then found myself doing various jobs for them like setting up wikis, email, showing them how to use Google Docs etc etc
7) Sign up to UpWork and do odd jobs in an area you can handle.
Lots more ideas but partner home now so I need to go! Good luck!
Re: Ask HN: What business you can start under $100?
#10Stock trading robots - you won’t make much, but you can dip a toe in the water... After/if you figure it out, you can scale easily pretty much up to millions and more...
Can I buy you a coffee and pick your brain a little bit? I'm not looking for your secret sauce, just looking to hear some of your war stories and learn about how you got started. If you are interested, my email address is in my profile.
War stories are usually not good...
For starting here is my advice: get a small linux VPS or just install python on your laptop, get as much back data as possible, covering at least one market cycle (this will be your initial expense) and start back testing every trading strategy you can find on the net or in books (library) for free...
Never pay for strategies, because they will all fail, but by testing them one by one you'll come up with your own ideas and one day hopefully you'll find your edge...
It's not going to be easy or "get rich quick thingy", but it is well worth it in the end...