Question

Topic: Strategy

What Small Businesss Should I Start?

Posted by Michel on 1/2/2010 at 4:47 PM ET 250 Points
Hi,

I live on an island in the Caribbean and I am considering starting my own small business. Economically the island is struggling but surviving. Commodities do well here but it seems that every niche in the market is already taken. Where could I find information which could help me with new products on the market or new business ideas?
Thanks
Kevin
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  • Posted on 1/2/2010 at 7:10 PM Moderator
    Why not just trade commodity futures (or options on futures)? You don't need any inventory, no retail location, no website, and you can do it from anywhere. You can even get to the point where you can set your own hours and work as much or as little as you like.

    What's even more remarkable is that your earning potential is virtually unlimited. When I was an active trader, I was making at least 20% per month on my investment ... consistently, month after month.

    What you need to do is learn the system first. Then start with a small initial investment. Then, as you grow your nest egg, you can trade multiple contracts and get as big as you want.
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