It depends on what skills you already have.
£2k to learn a marketable skill from scratch doesn't sound like much but £2k to develop skills you already have could be more than enough.
this post was submitted on 26 Nov 2023
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Excellent question
You made it..🥳🥳
How'd u pay off your mortgage so fast?!?!?
You mentioned in another comment that you did sales. What sort? Could you not learn the business that was?
In the UK, I would learn how to do Quickbooks bookkeeping, then start a book keeping business for accounting.
If this requires a decent level of maths, then Im probably not the man for the job! Ha
Let the technology handle the math
Why bookkeeping?
Buy a MIG or TIG welder. Watch some YouTube videos. Hone your skill. Take a class at a community college if you need additional instruction. Weld art if you have that inclination or fences/structures if you want to go that route. Lots of ways to make money from home with this trade. Add in a cnc plasma cutter and fabricate parts, signs, or whatever. You’ll need a covered space and electricity.
I’m curious what you could weld at home to make money. My dad was a welder and he mostly build farm equipment. He had a shop at our house but most of his work was done elsewhere. This was about 40 years ago so things have probably changed.
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You could dig into the generative AI stuff. Custom chat bots and LORAs, prompt engineering. It’s still pretty early in the cycle, so you could position yourself nicely.
Tiny classified ads
Don Lapre, is that you?
Honestly if you’ve been working in Sales then just start one of these lead generation businesses. You should have the network, clients lists and so on…
I'd spend the 2k on rent, and the other 10k on living expenses and maybe some ads. businesses can be started for $0 and there's all the skill you will need to learn, running the business, watching youtube videos is the only skills you will need to get. Study your own mindset & think rich.
Your numbers are unnecessarily high, a skill can be learned for free or very cheaply and to start a business you don't need much either.
Window cleaning. Van and waterfed pole system can all be got for under 10k. Watch YouTube practice on your own windows and leaflet and canvass for customers
Learn something manual that AI will not be able to do
This is interesting. What do you have in mind?
Flutter
I would personally do window tinting or wrap install. Even cheaper and can be done with a few $100 startup cost and mobile is headlight restoration (I do this, a fixed location is a great asset but not necessary).
Ecommerce can also be started with not much money. And if you have a good product you will make sales and profit. Been doing this with motorcycle parts for years, commercial lights for about a year. I'm not a master marketer but the products are in demand and my prices are good so it sells. Doesnt take much time after you figure out your products and set up your sales channels.
If you're willing to get dirty you have a lot of options. Fence building, shed building, garage door / automation install, tiling, flooring, painting, any type of cleaning, landscaping, plumbing, electrics, welding, building cabinets. Literally whatever works.
Ultimately you have to figure out what YOU are willing to learn, tolerate to do for a long time, have any tyoe of passion towards, have the resources for.
Agree with the vehicle wrap business. You will need to advertise locally. If you do high-quality wraps on time and at a competitive price, you can write your own paycheck. You will need some equipment, but you should be able to get everything you need for around $10,000 if you start off with used equipment.
I would take the time to learn coding and specifically, artificial intelligence. I would use the 10K to invest in making the site and training an AI. Since that's where the world is heading right now, it makes most sense to me.
I would learn Copywriting skills, marketing skills , then start e-commerce. Outsourcing any other aspect like coding and graphic design. Then hire someone to build content and backlinks. If it's season for your products spend money on ads as well.
I will use it to do what I am good at and learn some courses about investment.
I'd invest $12 in a coding bootcamp and build my own apps.
Coding boot camp is such a waste. YouTube is better for that lol
I can't hear you over my 6 figure income.
Lol that purely came from coding boot camp? 💀
Gave me the street cred to land my current job 🤷
I'd take a job and learn skills that way. I'd be getting paid to learn. In fact, that's what I did.
I'm curious what skill you learned by working. What were you paid to work on?
I learnt programming. Some friends from uni learnt accounting. Non-uni friends learnt trades like electrician, plumbing, etc. Most people I know learnt their skills at their jobs.
Even people who started jibs at the bottom learnt skills at work and got sent on training courses to enhance their skills.
I started an online bookkeeping business, pretty successful but I hate bookkeeping so it’s miserable 😅 I’m now getting some traction with programming/trading/dropshipping which I love. Maybe worth looking into? Good luck
Learn to develop in php and Wordpress and be ab business consultant helping ppl develop their llc and website
The “do it from home” type of skills are much harder to get traction on than you think. Open an LLC, set up a google my biz, Get a power washer and start asking neighbors if you can power wash their driveways for Google reviews. Then just do power washing.
If you’re adamantly pursuing the “do it at home” route, pick anything and be your own first case study. Use that case study as a sales asset to get clients, then generate more case studies. Publicly document what you learn and your results on LinkedIn or Twitter. Then network with other new online entrepreneurs to support each other.
Sounds like there is no urgency so I would forget the investment aspect for the moment and use the time wisely.
Identify a number of things you might enjoy doing that could potentially turn into micro business's.
Use the electronics skills and knowledge of electrical components to make something with a view to selling on etsy.
Identify bundle electrical components which are always brought together and market them on places like ebay
Identify drop shipping opportunities with zero outlay and market them on websites like ebay.
Try a number of things to upskill yourself across a range of activities.
If there is no urgency and you have no real need to invest the 10k, do not invest it and instead invest time in yourself to learn things and find out what you enjoy doing that could be a future income.
start a youtube channel
Software development > AI
At this point with the way the economy is working. I'd go into some sort of home services business w/ small truck and some tools w that money. Learn carpentry, power wash, refinish hardwood floors, paint etc.
Even if you do odd jobs on the weekends or after work, it's so much easier to get $ from home owners for actual help vs. being another 1 in a million trying to do the 'online grind hustle' club crap.
Do you have any land? You said you wanted to work from home so.. I own a rabbit mini zoo / rabbit cafe / Angora Wool / meat rabbits, Take little space. I would like to open a parrot mini zoo but they're bastards. Alpaca's are wonderful but no longer profitable at a small scale unless you do heavy alpaca therapy which I do. Kids will love it.
Can also look into being a python developer. No not code but Ball python breeding but I'm unsure about the market in the USA can be oversaturated. Here in Poland covid ruined the market but in covid they were selling like hotcakes. Now everyone is a breeder.
If something more tech is your favour I've not seen people suggest google & meta ads. Free to learn and be qualified in. Just use the money to advertise your skills.