Hi fastlaners
So we just won a 10 000 $ prize given by our university for my business project, which i started a few months ago. Its the first time I win something and the first money I see after months and months of hard work and failed projects. I know its not a lot, but i want to invest it smartly.
So basically my business is selling Led lights and products added with an installation and decoration service. We already have a website. We dont need stocks as we buy the products to the supplier after the client has made an order, so all we need is a small working capital (small because the client pays a 35% deposit when placing the order, that we use to pay the supplier).
Here are some of the things I've considered investing in:
-Internet marketing
-Paying a company to find us the best and most reliable Led supplier in China
-Nice suits
Another thing I could do with this money is spending it on a trip to China so we can find some new products out there and go to fairs and trade shows, as well as visiting the country and having some well deserved vacations.
So what do you guys think? I am young, have no work or business experience and have no idea where people usually invest their money.
Thank you
So we just won a 10 000 $ prize given by our university for my business project, which i started a few months ago. Its the first time I win something and the first money I see after months and months of hard work and failed projects. I know its not a lot, but i want to invest it smartly.
So basically my business is selling Led lights and products added with an installation and decoration service. We already have a website. We dont need stocks as we buy the products to the supplier after the client has made an order, so all we need is a small working capital (small because the client pays a 35% deposit when placing the order, that we use to pay the supplier).
Here are some of the things I've considered investing in:
-Internet marketing
-Paying a company to find us the best and most reliable Led supplier in China
-Nice suits
Another thing I could do with this money is spending it on a trip to China so we can find some new products out there and go to fairs and trade shows, as well as visiting the country and having some well deserved vacations.
So what do you guys think? I am young, have no work or business experience and have no idea where people usually invest their money.
Thank you
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