$3000 USD Budget, What would you do?

Wax

14 years ago

I'd probably invest in sites already making money.

Thanks

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MervikHaums

14 years ago

Hey Claudio,

the best practice is - to stand out and watch the games for a while - then check your interests - your skills - then start the business.

There are lots of business opportunities that you can start with. Being with the trend is the most important thing. Ideas are real gems. 'An idea can change your life'

Thanks

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Sushie93

14 years ago

It will be very difficult to make at least 3k$ for the 6 months! In general, people earn from 0$ to 1k$ depending on what they do also.
Maybe you can try website flipping and search for the irght site to buy...?

Thanks

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CDarklock

14 years ago

Originally Posted by NBeat

Hey guys, I have $3,000 to spend, I wand to build a solid online business, what would you do with those $3K to start?

Put it in the bank.

Spend a month trying different stuff. Go to the War Room. Ask questions. Do research. Find the basic information about what people do and how it works.

Whatever sounds interesting, try it. Don't be afraid to spend a few bucks trying it, but don't blow hundreds on one thing.

At the end of the month, look at all the stuff you tried, and identify:

- What was fun
- What was profitable
- What was both

Now build up your workload for month 2. Take everything that was fun AND profitable, and do more of it. If you don't have enough fun and profitable stuff, pick something profitable and something fun. Whenever the profitable one gets tedious, go do the fun one for a while.

At the end of month 2, rank all the stuff you did from most profitable to least profitable. Draw a line in the middle, and figure out what the difference is between the top half and the bottom half. Stop doing what you did on the bottom half, and replace it with more of what you did on the top half.

At the end of month three, go get your money out of the bank. You'll know what to do with it now.

[ 1 ] Thanks
1 reply

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"The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers

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MervikHaums

14 years ago

Originally Posted by CDarklock

Put it in the bank.

I was wondering how you've got all these thanks.

Now I get the point!!

Well said man!!

Thanks
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CDarklock

14 years ago

Originally Posted by MervikHaums

I was wondering how you've got all these thanks.

Posting jokes in the OT forum.

I'm not kidding. If you want thanks, just go to the OT and say something funny.

Needless to say, once you figure that out, you're much less impressed by people who have a lot of thanks.

Thanks
1 reply

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"The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers

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Plish

14 years ago

Very ambitious. With all due respect, no one here is going to be able to tell you how to double you're money in a few months... Because if they knew how, they'd keep it quiet. And if it was possible for you to make that kind of money, you certainly would've be asking for investment advice.

I'd perhaps spend a few hundred on books and even some personal mentoring. Only invest 4 figures if you're extremely confident in what you're doing. Otherwise it'll just be a massive gamble.

Thanks
1 reply

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CDarklock

14 years ago

Originally Posted by Plish

no one here is going to be able to tell you how to double you're money in a few months... Because if they knew how, they'd keep it quiet.

Actually, I'm working on a program to do a lot more than double your money, and if I do it right - every single person who joins it is going to be making back two to three times their initial investment within two months. Around the three month mark, the best of the bunch will be making back their investment with another zero added on the end of it.

Now, granted, it's not going to be cheap. So I guess you could call that "keeping it quiet." But it sure as hell isn't going to cost $3,000 up front.

Thanks
1 reply

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"The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers

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Mike Grant

14 years ago

Originally Posted by CDarklock

Actually, I'm working on a program to do a lot more than double your money, and if I do it right - every single person who joins it is going to be making back two to three times their initial investment within two months. Around the three month mark, the best of the bunch will be making back their investment with another zero added on the end of it.

Now, granted, it's not going to be cheap. So I guess you could call that "keeping it quiet." But it sure as hell isn't going to cost $3,000 up front.

Why not keep it hush and just scale it for yourself?

Thanks
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Plish 14 years ago

Originally Posted by mgtarheels

Why not keep it hush and just scale it for yourself?

Because it makes more money marketing it than it does using it. It's the way with all these get quick rich schemes. The only person they work for is the person selling it

Very rarely do those schemes work. If ever.

But that's just me... and I'm really really sceptical.
- Thanks
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DNChamp

14 years ago

Coming from a domain point of view, if your just starting out and have ZERO some of the work can be done for you in the domain name alone. Depending on your niche the exact keyword domain does wonders. Aged, traffic, etc also helps in this with the domain as well.

Thanks
1 reply

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Jeff Schuman 14 years ago

I agree with CDarklock. Save your money and learn a little bit about Internet Marketing first. This forum is a good place to hang out. It is how I started learning 8 years ago.
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JTor

14 years ago

Research and experiments are necessary steps onto success, and are the first things you must consider doing before spending any money.

After you find out how you are comfortable to make money, find a way to leverage the money you currently have into more money.

Regarding online products, always remember that there is no ready made soluttion that applies to everybody and you can buy for only $1997 (or something). If you need to spend money for your research, spend it wisely and use common sense when judging informational products prices.

Thanks
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genietoast 14 years ago

$3000 can do a lot for an online business if you invest in the right project. Of course, you could blow $3000 investing in the wrong project as well.

I agree with taking your time before you launch into something.

You could buy sites from Flippa that already have been making money, already have traffic on them.

You could invest a good internet marketing training course that teaches you how to make money online from the ground up.

There's eBay, perhaps the easiest way to make money online.

Study all the methods very carefully.

For an internet business, unless you're in a marketplace like ebay where the traffic already comes to you, you have to find the traffic.

Without the traffic, you don't make money. Period.

And that can be done in a number of ways:

Pulling traffic from the search engines, via:
--articles
--blog posts
--website pages
--Free web 2.0 sites like Squidoo, Hubpages, etc.
--Write for Pay Sites like Triond, Associated Content
--Forums
--Anything that required visibility from the search engines

which means you'll also have to keep in mind keywords that get good traffic, are profitable and have low competition. Plus, you need to do active backlinking.

There's Social Media Traffic where people swarm:
--Facebook
--Twitter
--Friendfeed
--Forums (not really social media but whatever)
--Linked In
--Business Sites

Paid Traffic
--Pay Per Click Ads (Google, Yahoo, MSN, Bidvertiser, Adbrite, etc.)
--Pay Per View Ads (Direct CPV)
--Media Buys (advertising on someone else's high-traffic blog)
--Classified Ads (sometimes paid, sometimes free)

Traffic Exchanges (not particularly targeted traffic but traffic nonetheless)

Other Traffic methods:
--Guest Blogging on someone else's site
--building a list to capture traffic that comes to your site

Some methods require more effort, more set up and more money than others, but they are all effective.

So consider carefully what kind of business you want to get into online and how you are going to go about it.

If you choose to build an online presence of any sort, you will have to bring in traffic to your site. Despite the competition around you, you have to make yourself visible. It requires effort and work, but it's very doable when done right.
- Thanks
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KevinYoung

14 years ago

You could do a lot of great things here. Lot's of potential. :-)

My favorite would be to launch a product IF you have an idea about product launches.

If not, get a quick squeeze page designed, get an Aweber account and start collecting opt-ins. Build up an email list and start promoting products on CB for some sweet commissions. :-)

Thanks
1 reply

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Geoff101 14 years ago

Or don't get confused with gazillions of different advices and learn from some one has been there.

Eben Pagan comes to my mind. Get his Guru Blue Print and build REAL internet business that lasts.
- Thanks
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CJ.Online

14 years ago

I'd definitely recommend just buying sites that are already making money. You'd be surprised by how many people would sell their sites for a good price.

And you'd get all your money back and then some

Thanks

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$3000 USD Budget, What would you do?

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