Would this be a good small business for a young person to start?

V

vanzandt

I told someone who wants to help his son (17 yo) start a small business to invest about $4k in a professional grade filming drone. Like this one...https://store.dji.com/product/inspire-2?site=brandsite&from=buy_now_bar

It seems like in a big city once word got around, he'd be getting gigs weekly to utilize it for whatever. Should pay itself off pretty quick I would think. Local bands alone shooting their Youtube vids would easily spend a couple hundred bucks to get footage of whatever they were trying to convey artistically.

Just knocking on doors... real-estate agents, photographers that don't want to invest in one but would like to be able to offer it in a package for weddings etc... who knows.

guess its like anything else... he'll never know unless he tries.

Any opinions?
 
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I would just add that shooting the event is just the first step. Somebody has to edit that all that footage into something useable, so he may need to spend a lot more than just the $4k on the drone for things like editing software, effects and motion graphics add-ons, training courses, etc.
 
Baron said:
I would just add that shooting the event is just the first step. Somebody has to edit that all that footage into something useable, so he may need to spend a lot more than just the $4k on the drone for things like editing software, effects and motion graphics add-ons, training courses, etc.
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That's a very good point.
So the potential sales market would be for raw footage out of the gate.
Now photographers that do weddings... most of them have been doing videography for years so they could handle the raw footage in house. They already have the editing software/expertise. Some will have niches beyond weddings.

I think it could work easily. If a kids not going to college and is motivated to beat the bushes plus learn something like video editing that is pretty much spoon fed from the software providers... pff... he'll probably make way more than his contemporaries going off to school. Both near term and long term. All's it takes is motivation. We'll see. His dad likes the idea lol. So I'll get access to a new toy.
 
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Probably do better shooting kids, high school sports and moving product to parents, schools, larger distrubution pool. Get a P.I. license and work cheaters/ divorce cases by the hour.:D
 
A mate of mine (we're in the same office) does something similar, video production for ads/doco's/interviews. Has an expensive drone, expensive camera gear... all the software. He goes through terrabytes of data.

Works his ass off though, always editing etc... but that's what you do when you're your own boss...
 
vanzandt said:
I told someone who wants to help his son (17 yo) start a small business to invest about $4k in a professional grade filming drone.
Like this one...https://store.dji.com/product/inspire-2?site=brandsite&from=buy_now_bar

guess its like anything else... he'll never know unless he tries.
Any opinions?
More...

Trade options -- buy long calls and puts with that small amount/account o_O:confused:;
4K is way more than enough of seed money, to really grow an options trading acct.

If he's good...he can generate much faster profit then that iffy/gambley, and slow and harder drone camera recording venture.
 
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Banjo said:
Probably do better shooting kids, high school sports and moving product to parents, schools, larger distrubution pool. Get a P.I. license and work cheaters/ divorce cases by the hour.:D
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Good one Banjo. Sports that is. You're right about a bigger distribution pool. Of course people would be freaking out with a drone hoovering above an event I'm sure. But that will be addressed soon enough I suspect as these thing become more and more ubiquitous.

And LL....lol..... I don't think the kid is ready for option trading just yet. He's motivated but he's not the brightest light on the marquis. Thats why college does not appear to be an option. Then again... maybe he would be good at that.
 
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