$10000 to change my life

by yasser0621 49 replies
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
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  • 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.
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    • Profile picture of the author rccnls27
      Originally Posted by DIABL0 View Post

      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.
      Hi, Can you tell me where to get PPL offers that you use?
      Thank you
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  • 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.
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  • Get a part-time job until you're making good money online.
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  • 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
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  • 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.
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  • 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.
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  • 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
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  • 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.
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