$10000 to change my life

by 43 comments
Hi.

I'm about to be made redundant from my job after 7 years.

I don't want to go back to the 9.5 job as I've a 8 month old son and would love to spend my time with him while he's young.

I have $10000 to invest in something that will make me $2500/month .. This would be enough to cover costs of living etc.

Me:
I can make websites /graphics
I can learn new things fast
I'm hard working

I'm looking for ideas / pointers .. I don't want to waste money.

I'd love to have income from AdSense etc.. I have an account but it only makes $1-2 a day.

What would you do to try quit the 9/5 and work from home with $10000?
#main internet marketing discussion forum #change #life
  • Profile picture of the author workwithjessegood
    [DELETED]
  • Profile picture of the author DIABL0
    I would be cautious how you spend your money. Something like 90% of people fail at internet marketing within their first 4 months.

    For the past 16+ years, I have been promoting PPL (pay per lead...lead generation) offers. The reason why is very simple...there is no credit card / purchase required to complete an offer. All a user has to do is fill out a form for me to make money. Also, they typically convert much higher than offers that require a purchase to be made. It's just much easier to get a user to fill out a short form than take out their credit card and make a purchase.

    I favor offers that have make, get or save money benefit to them. These have overall worked best for me and tend to have the greatest mass appeal (of interest to a large general audience). So the potential exists to produce high volume and cross promoting offers is fairly easy.

    The bulk of the offers that I promote pay $20-$40 per lead, but I promote others that pay more and less. However, what an offer pays is not the sole key factor. How well an offer converts is also important (if not more). For example, you could have an offer that pays $9 and if it converts at 2X+ of a $20 offer, it will perform about the same or possibly better. At the same time you could have an offer that pays $90 and if it converts poorly, it may not even be worth running.

    Some of the verticals that I have done extremely well with are: insurance, education, debt, loans, mortgage, credit, assistance, homeowner offers, etc...

    Something to think about.
  • Profile picture of the author EPoltrack77
    Build a list! Create a funnel that converts front end offers then you have a traffic base to promote other products. If all you did was build your list for 6 months you will be ahead of 95% of other marketers out there.

    What ever you do not sit there and spend money direct linking to a sales page or spend your time with free traffic to a sales page. Build a list and it is the best thing you can do for yourself and your family.
  • Profile picture of the author Raeez Gaibee17
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  • Profile picture of the author Gavin Stephenson
    Get a part-time job until you're making good money online.
  • Profile picture of the author shmol
    When you say you can make graphics,

    Does this include things like e-covers or kindle books covers.

    Or things like wordpress headers and things like that.

    If so, I would consider selling your services here on the WF forum/or setting up an account with fiver.

    Hope this Helps
  • Profile picture of the author xInd
    Do some self exploration. Think back about all your experiences, all the work you've done and analyze the good and the bad. Imagine 5 years from now what you'd like to be doing with your days if you already had all the money in the world.

    Once you have identified some of your passions, your needs, etc... Then build a business plan around that. Connect that which you love, with that which makes money. Find the sweet spot between what you love most, what people pay most for, and what works.

    No matter what you choose to do online, there will be fads, there will be algorithm changes, there will be continuous ongoing disruption. Make sure you're on a ride you enjoy, or else when something doesn't go perfect, it can be very frustrating.
  • Profile picture of the author ChrisBa
    I would look at learning affiliate marketing and promoting cpa offers. You have a good amount to jump in and learn a fair bit.
  • Profile picture of the author Steve B
    Save every dollar you have. Spend all your free time seeking new full time employment. You can begin learning and doing IM in your off-work hours and on weekends. It's how many of us started in this business.

    Don't put pressure on yourself to try to find a $2,500/month income stream with $10,000. Buying your way into a career in IM is a bad idea. The money will be gone before you know it and you'll have the added pressure of being broke and without income.

    Be wise with your limited resources.

    Steve
  • Profile picture of the author johndetlefs
    Originally Posted by Gavin Stephenson View Post

    Get a part-time job until you're making good money online.
    This. If I could "thank" it five times I would!

    The quickest way to lose the $10k is to have it need to pay the bills as well as support a new business. I know this from experience and frittered way $20k a couple of years ago doing the same thing.

    Also, for my money, start small and at the risk of getting into trouble, try to avoid getting addicted to too many WSOs. It's easy to start/stop a couple of times a month with all the get rich quick ideas floating around the WF!

    And lastly, assume it's going to take you at least 2 years to make any decent money, and plan accordingly. I'm sure some people crack it quickly, but from the actual real live marketers that I deal with that have an income I can verify, it's pretty rare. In fact I don't personally know or work with anyone who was able to live off his/her business in less than around 18 months, and every one of them had some kind of work going on the side.

    Best of luck in this, if you stick with it and get some wins, it's an awesome ride.
  • Profile picture of the author yukon
    Originally Posted by yasser0621 View Post

    Hi.

    I'm about to be made redundant from my job after 7 years.

    I don't want to go back to the 9.5 job as I've a 8 month old son and would love to spend my time with him while he's young.

    I have $10000 to invest in something that will make me $2500/month .. This would be enough to cover costs of living etc.

    Me:
    I can make websites /graphics
    I can learn new things fast
    I'm hard working

    I'm looking for ideas / pointers .. I don't want to waste money.

    I'd love to have income from AdSense etc.. I have an account but it only makes $1-2 a day.

    What would you do to try quit the 9/5 and work from home with $10000?




    Seriously, don't do this. You're going to lose all your money.

    Get a job, start IM on the side and go from there.
  • Profile picture of the author spartan14
    Well be careful because IM its complicated at first for beginer and dont want to invest much money as you can loose them if you are not careful .In my opinion i think you shoud find a good menthor here on this forum and it can help you with a system this its the fastest way .But you must be sure that this man its qualified and wants to help you
  • Profile picture of the author DURABLEOILCOM
    Originally Posted by yasser0621 View Post

    Hi.

    I'm about to be made redundant from my job after 7 years.

    I don't want to go back to the 9.5 job as I've a 8 month old son and would love to spend my time with him while he's young.

    I have $10000 to invest in something that will make me $2500/month .. This would be enough to cover costs of living etc.

    Me:
    I can make websites /graphics
    I can learn new things fast
    I'm hard working

    I'm looking for ideas / pointers .. I don't want to waste money.

    I'd love to have income from AdSense etc.. I have an account but it only makes $1-2 a day.

    What would you do to try quit the 9/5 and work from home with $10000?
    Please do not go in search of the "Magic Bullet" because in reality it does not exist! Start looking for a new job and on your free time start learning the basics of Online Marketing. You should provide security for your family and yourself first.
  • Profile picture of the author garyl2k
    [DELETED]
  • Profile picture of the author Tesslady
    Hi there,

    As a rule in business, don't put all eggs in one basket- in this sense, your money. 10 grand would be quite a big investment for something, but you can divide it to yield more- even more than the $2500 monthly yield you are looking for!

    You can invest a portion of your money in stocks, another portion in building and earning from website/s or apps (if you can think of one), and another portion in a credible, no-nonsense coaching program on Internet marketing or anything you want to know more and earn many from. I mean, there's a lot to explore in the Internet, and you have lots of ways to make your money grow. Just search, search, search, and don't limit yourself to what you know now.

    During your free time, you can also do freelance work. It doesn't pay much, but at least it pays the bills just by working 3-4 hours every work weekday.

    Goodluck!
  • Profile picture of the author Doan Chi Tin
    It's much more easier than you think but you need to control your money carefully after investing for the traffic!
    Step 1: Choose a potential market
    Step 2: Prepare attractive content
    Step 3: Collect email list
    Step 4: Start selling
  • Profile picture of the author Valerie DuVall
    Hold on to your $10K - if you are planning to buy info or software. You don't need to spend nearly that much to get started.

    There are so many ways to make $2500 you have nothing to worry about as long as you find something that works and follow through.

    In my honest opinion the easiest way to make that kind of money quickly is helping local businesses with their marketing.

    Outside of that, I would use the money to get good at paid traffic. A skill that will ALWAYS be of value to you.

    Find an affiliate funnel that is converting that you can promote - make a free or very low cost product that is a simple entry to the main affiliate product's niche. Don't overthink this product - just some basic knowledge. Send traffic to your optin or sales page for that free/low cost offer. Then send those people to the funnel you are an affiliate for.

    Now you are building a list. And as you get better at paid traffic you should be able to make that initial funnel profitable.

    You will always have that list to market to as well. Build a relationship with them. Not by giving them free stuff - they will just unsubscribe. Make videos when you promote a product - let them get to know and like you.

    It may take some time to get good at paid traffic so be patient. Also be prudent with your money and don't throw it around - track and test everything you do. 10K should be enough to test and get your skills down.

    Val

    P.S. A part time job while you are doing this would be a very good idea. Stressed out marketers don't do to well.
  • Profile picture of the author Randy McLean
    Lots of wisdom shared here.

    I agree. Always have a back up plan.

    Even the best marketers that are known now have struggled in the past. If you know what you're doing it will still take time.

    I'm not saying you can't see success relatively quickly. I don't know you. Everyone has different aptitudes and work ethics.

    The word quick however is relative.

    In terms of money, I would set a monthly budget for myself. That way you know what you can spend without worrying about going broke.

    You can then use it for things like tools and advertising.
  • Profile picture of the author Walt SEO
    Lot of 9-to-5 mentality going around here instead of directly answering to OP's question. Going to 9-to-5 to break out of 9-to-5 is the most counterproductive thing you can do. I would buy an already running Amazon website from Flippa and work on it. Learn SEO, hire a writer, a VA, make a team and hustle till it starts making bigger profit. As time goes on learn to re-invest profits in ads and expand your business for even bigger profit. And one day sell the website for 30 million dollars and retire for good.

    Sounds unrealistic? Alright, lets break it down.

    Estimated costs:
    Starter Amazon affiliate niche site off Flippa - 1500$ (or build your own for 0.99$)
    Cost per written article - 10$
    SEO work - self-taught
    VA to hire orders/support/add products - 300$/p month
    Hosting - 10$/p month

    If it's so easy then how come not everyone is doing it? Well that's because like the posters after me: they rather make excuses than take action.

    Good luck.
  • Profile picture of the author jordocleak
    Don't leave your day job until you're making good money online.

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