$10,000 To Invest into IM, What would you do?

20 replies
I'm about to sell my car for around $10,000 because I'm down in college and don't need one. Now here's my dilemma, I'm going to invest it all into my business of IM. I have a couple sites and they're doing ok. Few sales a day. Now I was thinking of just buying a profitable site on Flippa that's not that hard to run. Do you guys have any other ideas? I could always get a bunch of info products made, but I'm not sure if I would make consistent money. Let's here your take.
#$10 #invest
  • Profile picture of the author jan roos
    Take the sites that you have now and build on them. Increase traffic to these sites via PPC,media buys etc. Monetize well and build more. In other words was rinse and repeat.

    Cheers
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    • Profile picture of the author unimaru
      I agree with jan Roos, it will improve your visitor.

      Originally Posted by jan roos View Post

      Take the sites that you have now and build on them. Increase traffic to these sites via PPC,media buys etc. Monetize well and build more. In other words was rinse and repeat.

      Cheers
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  • Profile picture of the author Damz
    buying a existing site with income is a great idea..But I recommend you to create your own product and spend some money on buying traffic with PPC and Media buys ..This is the proven business model by so many IMers.

    Traffic>>>Squeeze page>>Free offer>>Your Product
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    • Profile picture of the author Dave90210
      What do you mean by Media Buys?

      Originally Posted by Damz View Post

      buying a existing site with income is a great idea..But I recommend you to create your own product and spend some money on buying traffic with PPC and Media buys ..This is the proven business model by so many IMers.

      Traffic>>>Squeeze page>>Free offer>>Your Product
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  • Profile picture of the author willyboy104
    I would invest it into high quality PLR, then re-create this PLR package it and sell it, if you want a more detailed plan of action give me a shout I would be happy to help.

    $10,000 is a lot of money, and I think you can do much more from the base upwards rather than buying an already established site.
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  • Profile picture of the author tehnolife
    Banned
    Ok, I have a good idea for you. You can MAKE a BIG launch.

    You will outsource everything, the product, the sales pitch(most important) and the graphics.Then try and find an Affiliate Broker like it's jvnotifypro.com and this broker will find you big affiliates.If the affiliates like your product , your sales pitch and if you offer prizes.... they will promote your product!

    You can turn that 10,000$ in over 100,000$ profit easily,if you know how to do it!

    Stefan Ion
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  • Profile picture of the author BrandonIM
    Personally, if I had $10k to invest in Internet Marketing, I'd do what I'm doing now and bootstrap sites from $10.00 or $20.00. I'm failing - miserably - which is great. The concept is twofold.

    First, if I fail 100 times at $10, I spent $1000 on an education. Plus, I still have 899 other times to fail before I need to have a $10k idea to break even.

    Second, my personal thought is that if companies like Subway can start for under $2k with their first brick and mortar location and a physical product, why can't I bootstrap a digital product from relatively nothing? More importantly, if I can't manage a company that's worth $100-200, what makes me think I can manage a company that might be work $100,000 or $200,000?

    Just some thoughts. My opinions are from the newbie side of thing. Take them with a grain of salt and do your own research.

    BrandonIM
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  • Profile picture of the author Barry Unruh
    Quite honestly, I'd put it in the bank.

    Then I would get busy making sure I can make conversions using free methods which are respectable before investing a single penny of it.

    Do invest in an Aweber, GetRepsonse, or ImnicaMail autoresponder account to start building a list.

    It is easy to blow through $10,000 in PPC, PPV, and other avenues and not make penny.

    You need to have your ducks all in a row with a sales funnel built which works before you start throwing money at it.

    If I were you I'd go read these two threads:

    http://www.warriorforum.com/ad-netwo...ase-study.html

    http://www.warriorforum.com/ad-netwo...hy-worked.html

    Then go track down posts by Kenster and see how he would spend $10,000. (Heed his warnings, too.)
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  • Profile picture of the author Droopy Dawg
    Hire a good programmer to build an IM software like SENuke/Market Samurai... hire a good copywriter/web designer to build your website.

    Charge monthly subscription for ~$97

    Initial investment = ~$6,000

    You could recoup that by your 3rd month if the software works well enough.
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  • Profile picture of the author yankforlife41
    I've been at this for 2 years so I know what I'm doing a little bit. Just getting some opinions..I'm leaning towards an established site.
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    • Originally Posted by yankforlife41 View Post

      I've been at this for 2 years so I know what I'm doing a little bit. Just getting some opinions..I'm leaning towards an established site.
      Two months or two years it really doesn't matter. What matters is how knowledgable you are at Internet Marketing, product development and your track record for success.

      Trust me, probably 8/10 products that you have developed for you will FLOP. The same goes with paying for someone else to develop software for you. If you have ever worked with freelance programers you will know first hand how hard its to find a capable programmer that isn't going to rip you off and get things done on time. Keep in mind that you really have to know or have a formal blueprint of exactly what you want programed or developed down to the T.

      Honestly, purchasing a property or site that has proven revenue that is sustainable for a couple years out is nothing to shrug at.
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    • Profile picture of the author Chris Busa
      I would take that money and put it into outsourcing...

      If your sites are already making you money then monetize the sh*$ out of them and track and test, scale them up with more traffic by outsourcing.

      if you have one good site that is making you $100 a day that is roughly $3k a month just from one site. Now you do this with 5-20 sites and that is $5-20K a month and you can outsource the whole process.

      You can find people on this very forum or hire people from the Philippines for cheap like $250-500 a month get a couple people working for you to outsource your tasks.

      this is what I would do any how, hope this helps

      -chris
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  • Profile picture of the author JasonParker
    I would hire a REALLY good copywriter + an actor to record a sales video for the page... I think that would put you on the fast track. Starting off by launching a high converting offer that attracts monster affiliates... my 2 cents

    BTW... I'm not for hire so this isn't self-promotion. Out of all the money I've invested from backlink building, to daily content, to paid advertising... A-level copy pays off the best for me. Not saying it will for you.
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  • Profile picture of the author EdmundLoh
    Originally Posted by yankforlife41 View Post

    I'm about to sell my car for around $10,000 because I'm down in college and don't need one. Now here's my dilemma, I'm going to invest it all into my business of IM. I have a couple sites and they're doing ok. Few sales a day. Now I was thinking of just buying a profitable site on Flippa that's not that hard to run. Do you guys have any other ideas? I could always get a bunch of info products made, but I'm not sure if I would make consistent money. Let's here your take.
    If I were in your shoes, I'd invest in learning from a seminar or home study course first before doing anything else. I won't want to spend too much time guessing; it's very costly and that was a mistake I made when I first started out. I was focusing on saving money vs. making money. (and I didn't have $10,000 more like $1,000+ lol)

    There are a lot of ways to make money online, but I'd be careful to pick only one or two best chance possible, and stick to them. (in this case, perhaps consider site flipping?)

    I don't know if you're currently getting income or allowance from other source, but let's just say you're on your own - I'd also set aside some finances for possible mistakes, and to put food on the table until I see the Internet Business makes money.

    In all, with $10,000 you got a lot of options compared to many other people just starting out. All the best with your new venture, and hey next time around you can have your Internet Business purchase you a better car than the one you sold to start this! :-)
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  • Profile picture of the author zenji
    wow $10,000 is quite a sum and if I were you I would concentrate on list building - that is where the money is!

    Dennis

    Originally Posted by yankforlife41 View Post

    I'm about to sell my car for around $10,000 because I'm down in college and don't need one. Now here's my dilemma, I'm going to invest it all into my business of IM. I have a couple sites and they're doing ok. Few sales a day. Now I was thinking of just buying a profitable site on Flippa that's not that hard to run. Do you guys have any other ideas? I could always get a bunch of info products made, but I'm not sure if I would make consistent money. Let's here your take.
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  • Profile picture of the author Thomas De
    Make keyword research by yourself and outsource article writing, website building and backlinking and you will see the great results very soon. Even if anybody says stick to one method. I would diversify and set on adsense, amazon, digital products with lists, SEO, SEM and Media Buying. The main part of the money I would invest in many Adsense projects.
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  • For your own good, dont spend that money... if you're starting out you do NOT need to invest any money, at least no more than $300.

    Investing capital doesnt ensure success, especially in IM. Brains and work > capital in this business.
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  • Profile picture of the author 60MinuteAffiliate
    I'd take a portion of it and buy an established site on flippa.com that's already making money and make it better.

    regards

    colleen
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  • Profile picture of the author indexphp
    You should save most of that $10k (for now) and work towards building a foundation for your business with organic sites. Once you hit $2k-$3k/month with SEO traffic (not hard if you invest $2k-$3k)... you will have your bills and living expenses paid for + a budget to start playing with paid traffic sources (where the real money is).

    If you go straight into spending that $10k on different things, it's a gamble - you may lose it all testing out different things before you make that money back. A penny saved is a penny earned...remember that!

    If you are looking for a non-hype report on making money with organic traffic and affiliate programs, PM me and I'll send you a link (I didn't write it, but it changed my life and helped me tons when I was first getting started)
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