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| Warrior Member Join Date: Dec 2008
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| Hi WarriorsI got an e-mail from a young lady in Africa desperate to join University in August. She wants to know the safest route to invest 500 dollars online. List exactly what you would do to double that amount. That includes landing pages,hosting,Auto responders etc Forget about the free methods for now. |
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| | #2 |
| Warrior Member War Room Member Join Date: Apr 2006 Location: , , USA.
Posts: 20
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There are many ways...and more opinions...here is one... Forget (traditional) IM. Use eBay. Get a piece of software call Hot Item Finder and and spend 24-48 hours running it and analyzing what is selling well (over 20 bids for completed auctions). This is the easiest way to find sellers who are succeeding in their markets (also use goofbay to find what volume a particular seller is doing). Find what the seller is doing and copy it. Source items for dropship only from AliBaba Gold Suppliers and/or Trade Key members with high points. You will find *lots* of products selling with $30-100 profit per item. Lots and lots. Just use eBay pulse and a bit of imigination to start the research. Use a very generic search term as a starting point and let the software show you all completed auctions that sold and had at least 20 (for example) bids. It will take some time so let it run over night. Sort the results by Description you will see groups of similar auctions where the same seller sold multiple items. Pick an item and seller that you can source/copy and place your auctions. Very little risk past the cost of Hot Item Finder (not sure if there is a cheaper/better alternative, she should research) and the cost of the "young lady's" time. As I say, that is just one method that could be used. |
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| | #3 |
| Active Warrior War Room Member Join Date: Apr 2007 Location: Green Bay, WI
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Safe is a matter of degree. If she is just starting out she is more likely to lose the entire $500 in an effort to double it. There is no safe way to double her money in that time frame considering her current marketing knowledge. That's not to say it can't be done. There are a lot of people here that could do it. It's not likely a raw beginner will make all the right choices the first time. Anyway, that's my opinion for what it's worth. |
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| | #4 |
| Active Warrior Join Date: May 2009 Location: Arizona, USA
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There's no such thing as safe you should always only risk what you can afford to lose. If I were in her position I probably would just save my $500 and invest as much time as I could in "Bum" methods.
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| | #5 |
| Vegas Whale. War Room Member Join Date: Mar 2009 Location: Wild blue yonder
Posts: 180
Thanks: 36
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The bum method is good and works really well. But just check out my sig to see some faster and huge profit. Does she have any experience with IM. Good luck to your friend, Rodger. (birddog) |
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| Tags |
| $500, invest, online, safest |
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