Quote: (08-04-2014 10:09 PM)worldwidetraveler Wrote:
Quote: (08-04-2014 08:26 PM)stefpdt Wrote:
So I'm in my early 20's and am trying to decide whether to start an e-commerce business in America (and market a physical product to Americans) or start a separate location-independent internet business (in southeast Asia or EE). It's a very difficult time to be young and in America as there are no easy answers, only highly calculated risks! I should mention that I have Euro citizenship so staying in Poland wouldn't be a big problem.
As an American, the future of our country is obviously looking very rough on many levels. We have extreme federal debt, the highest corporate tax rates in the world, a police state, a declining middle class, bitchy women, etc. While I KNOW this market of people very well, it's also a declining one. I want to start a business here in all honesty, but I just feel as if I'd be paying over 30% of my net income into a welfare state.
However I have a business idea that will work here in America (already validated it), but I would have to spend at least 2-5 years "on the ground" here busting my ass. This idea is highly scalable and would likely generate millions after quite some dedication.
Or I could travel the world while busting my ass on a different location independent business which would likely generate a smaller income - maybe mid five figures within a couple of years. It isn't as scalable, but allows much more freedom.
Sometimes I think being location independent is more valuable than the possibility of earning six figures because it provides freedom. So here's my question:
Would you rather start a business in America with the possibility of grossing millions after 5+ years?
Or enjoy worldwide location independence with a somewhat passive internet business that generates over $35,000/yr?
I guess I don't understand why you capped yourself at a small wage just because you are doing it online.
If you can't create a scaleable business online you shouldn't be in business.
I didn't mean to cap myself. I'm just being completely realistic for my current situation. I'm choosing between an ecommerce business that is HIGHLY scalable and a separate location-independent internet business which has a niche market. There are definitely many other ways for myself to earn income online.
But I don't like to multitask hence why I'm "choosing." I could live off of either income. I want to pick one and go all in.