The most important step in investing is very simple – making your first investment! Some people are under the mistaken impression that it takes tons of liquid assets to get started. In reality, small seed capital is not a barrier. Following are several $1,000 investment ideas. Keep in mind that the goal is to make money as quickly as possible so you’re able to reinvest it and see the largest returns.
– Starting your own business. Yes, it is possible to start your own business for only $1,000! Think about hobbies and make one of them your dream job. For example, if you’re particularly crafty you might consider taking your $1000 and turning into supplies. People love handmade crafts and if marketed correctly this can be a business with huge business potential.
– Form an investment gang with your friends. I’m sure you’ve got a few friends who’d like to make a nice, quick return on their cash. Pooling your money allows you to have maximum buyer power – which translates to maximum returns!
– Take a close look at your community. No matter where you live it’s likely there are needs that aren’t being met. Try to pinpoint these needs and provide solutions, at a high profit of course. If you live in a dog friendly neighborhood, dog walking can be quite a lucrative venture. You can usually walk several dogs at once, and once you start seeing some returns you can hire other walkers to work under you.
Get creative, the idea here is simply to turn your $1,000 into $1,500, into $3,000 – the sky’s the limit!