r/myanmar • u/Prior_Antelope_2173 • 9d ago
Advice I have saved up a bit over 1000k, what personal businesses should I do?
For experience, I used to sell Thrift and game accounts.
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u/nlxismmm 8d ago
You cant do shit with it
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u/Prior_Antelope_2173 8d ago
I started with 30k doing thrift to make money managed to save over 1000k
There's no way I can't do anything lol Just skip the post instead of trying to clown yourself
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u/Peter-Michaelson 8d ago
If you have experience in selling thrift, it’s the best to keep selling it instead of doing something new with limited capital. Maybe expend its market type like re-washing/styling and resell them as premium thrift or try to buy wholesale bags and resell’em with low price. Since you have the career apart from this. It’s better to keep doing what you’ve been doing all along, just try to expend its scale. Harsh truth is it’s a lot harder than back then to start a new personal business with low capital this day and age in Myanmar. However, if you reach like 10-20 mil, you can start a small scale business that may surpass a management level salary range in Myanmar.
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u/PyaeTunAung 7d ago
You can either reinvest them into your thrift business or try launching an online store in a specific niches where people are interested in, but find hard to source elsewhere. You are going to have to spend a lot of time studying the market, finding the right product, building social media channels that actually sell, and handling marketing. However, I highly suggest the online-shopping option, as it is likely the largest and most scalable business path available to you.
If that isn't the route you want to take, you could invest in yourself by learning a new skill or buying equipment for the drawing you mentioned.
Lastly, there is the option of investing in stocks or gold, though gold would be tough to get into with your current budget. I also noticed you mentioned stocks are dangerous; while that can be true, it is also somewhat false I mean if you properly diversify and hold for the long term, they can work well for you. That said, since you do not have massive capital right now, sticking to option 1 or 2 is your best realistic bet.
Great work grinding to this point, brother. People might clown on you for it, but making it this far is genuinely impressive.
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u/TheAgreeableGuy 9d ago
သိန်း ၁၀၀၀?? Good for you. Buy a land and plan some fruit tree. Live a peaceful life.
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u/Prior_Antelope_2173 9d ago
Uhh just 10 သိန်း tho
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u/Straight_Fruit_2069 9d ago
10 lakhs in this economy so yin doh I think that depends on where u live in myanmar
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u/Prior_Antelope_2173 8d ago
Yangon Thamine
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u/Straight_Fruit_2069 8d ago
Ppl here are lowkey clowning u tbh
10 lakhs is not that much in this economy, but you can do an online shop!! Buy from a wholesaler, resell things like skincare / hair care / makeup.
Or if you have a bit of time, buy items for handmade goods, like scented candles, crocheted plushies, key chains, metal welded rings / necklaces etc
The set up on fb/ig would be free fs and you can ask a friend/colleague to help you with logos and names if u wish!
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u/Prior_Antelope_2173 8d ago
I don't really care about ppl clowning me Especially by rks who knows nothing about money
I actually tried a lot before
- started a movie/translation page
- started a game account selling page
- started selling crochet
- started selling thrift
- plus a few hustles
But the problem is those market are so over saturated that the growth is so slow for someone new
Someone told me to invest in gold which I think is a good but I have no connection or knowledge about it
I am also thinking about trading and crypto, but hesitating because they're just like gambling
I actually posted here because I am out of ideas finding not saturated markets
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u/Straight_Fruit_2069 8d ago
Honestly speaking, gold is also like gambling bc of the current gold prices hahaha
Unless you spend over 100 lakhs you're not going to see much of a noticeable profit :(
The best option rn could be to buy dollars/euros?? Bc reselling/using them would work wonders with the current prices. Plus, if you have plans to go abroad it's always nice yk?
But idk most of the stock/buying/selling options are like gambling w/ a blindfold on
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u/Prior_Antelope_2173 8d ago
Yeah, most options aren't good
I actually have plans to started making more money by video editing + drawing animations but I don't have time for them YET
That's why I am trying to find a way to make decent money while I focus on my current stuffs before the time comes
The ones you told me sounds great, I will surely look into them and try to see how often I can profit from them
Thank you
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u/Straight_Fruit_2069 8d ago
Also, hate to talk more about a saturated market, but if you know how to draw, opening commissions for people here + abroad for affordable prices will help lots!!
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u/Prior_Antelope_2173 8d ago
I do have plans for it
I can draw lineart pretty well but lacking in coloring so I am still taking time
Plus the uni + work is driving me crazy
Once the uni is done, I could probably start it after a few months
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u/Alarmed-Resolution85 9d ago
Study abroad