Starting an online business vs trading stocks?

N

nwoptions

Hi guys, I've been thinking about starting an online dropshipping business and using Facebook advertising to drive targeted traffic to my site but I have concerns.

I also like swing trading in the stock market.

I've read about some people (like Gabriel St Germain) who make $1200 in profit a day doing this (per store). But they spent at least $2000 in testing marketing campaigns on FB before they become profitable. I'm not sure I could do this.

I've also read success stories about people like Marty Schwartz or Paul Tudor Jones (and other Market Wizards) who make millions of dollars a year trading stocks/futures.

If you had to choose between starting an online dropshipping business (spending $2000 in FB advertising testing), and trading $2000 in the stock market, which would you choose and why?

Thanks
 
I can’t comment on an online business as I have never started one. However I can say with almost certainty that $2000 is not enough to make money trading. It just takes longer/more money to learn this business.
 
nwoptions said:
Hi guys, I've been thinking about starting an online dropshipping business and using Facebook advertising to drive targeted traffic to my site but I have concerns.

I also like swing trading in the stock market.

I've read about some people (like Gabriel St Germain) who make $1200 in profit a day doing this (per store). But they spent at least $2000 in testing marketing campaigns on FB before they become profitable. I'm not sure I could do this.

I've also read success stories about people like Marty Schwartz or Paul Tudor Jones (and other Market Wizards) who make millions of dollars a year trading stocks/futures.

If you had to choose between starting an online dropshipping business (spending $2000 in FB advertising testing), and trading $2000 in the stock market, which would you choose and why?

Thanks
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Times have changed, go with the shipping business and invest your income in blue chips, nowadays your trading against bots, very difficult, it's all about quality of life and well being, why stress over a few dollars when you can build something that will last...good luck
 
if you don't love drop shipping then don't do it just because you can make money. It takes hundreds of hours and lots of time that many don't want to devote to making there online business profitable.
 
GorillaFutures said:
if you don't love drop shipping then don't do it just because you can make money. It takes hundreds of hours and lots of time that many don't want to devote to making there online business profitable.
More...

Thanks for the response. I don't mind dropshipping. I like the idea of looking for products to dropship, setting up zen desk for customer service, doing market research, but I'm not comfortable with risking $2000+ on FB testing. What if I don't discover any profitable campaigns/demographics? I've just blown through thousands of dollars for nothing. That's my real fear :(

Whereas, I've been looking at selling bull put spreads on high quality growth stocks for weekly/monthly income. I won't be making $1000 in profit/day but it's still good money.
 
what if you lose 2k trading? also is 2k in the long run going to be that much? losing 2k sucks i dont care how much $$ you have but no matter what you do there will be periods where you lose money. Do what you enjoy the most.
 
If you are an exceptional trader you could make around 10% per annum.
So if $200 a year is enough for you I would say go for it.
 
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