Theory Low IQ Money Making Method

Hunter Vallance

Hunter Vallance

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electric self transportation is hot niche right now and new I think anyone can make easy profits if you choose the right products

I recently got an idea which I am considering setting up a local business for and I think it's something anyone can do. Electric bikes are still hot, you can see it in google keywords

The business method is:
step 1: buy electric bike conversion kit with battery from china for ~$150
step 2: learn how to install it
step 3: buy advertising in local newspaper, the ad should be something like "we will make your bike to electric $300"
step 4: wait for calls
step 5: go to customers address and install the kit
you just made $150 in 1-2 hours of work


With this approach you don't need to bother creating a website to start making money right away, you just need a new simcard to answer the calls. Of course creating a website is always beneficial, but you can do it later when scaling your business.

If you have a friend who is good with repairing bikes etc. you can outsource the work right away or give it to contractors, so you can focus on the sales.


This is a new idea that I am still thinking about, so I am open to any criticism and ideas.

I wish you all success in business and life
 
ChadRoneXL

ChadRoneXL

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Decent concept. Awful business model.

Firstly, it will cost you to advertise in the local paper (at least $500 for a quarter inch)
Plus your target demographic does not read the newspaper (it's 2020 bro c'mon).

If outsourcing, you will have to split profits.
Furthermore you will accumulate travel expenses if commuting to clients directly.

Read 'The Millionaire Fastlane' if you're serious about entrepreneurship.
 
Hunter Vallance

Hunter Vallance

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Decent concept. Awful business model.

Firstly, it will cost you to advertise in the local paper (at least $500 for a quarter inch)
Plus your target demographic does not read the newspaper (it's 2020 bro c'mon).

If outsourcing, you will have to split profits.
Furthermore you will accumulate travel expenses if commuting to clients directly.

Read 'The Millionaire Fastlane' if you're serious about entrepreneurship.
Thank you for the insite bro. Will read the book thanks for the recommendation
 

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