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$500 to Invest ,Where to Start ?

by preets
7 replies
Hi Warriors ,

I am here for a long but very less post as I have to run my off line business full time.Internet Marketing is always attracts me and I learn a lot from warrior forum, I know there are a lot of knowledgable persons with tons of experience in Internet Marketing.

I have read a lot of ebooks and my skill level is
1.Can build simple website
2.Create blogs
3.Writing articles
4.Can create squidoo lenses and hub pages.

I had sold some clickbank products and earned some money also through PPC ,but not enough to replace my full time business.Now I really want to concentrate on Internet Marketing (I promised to myself) and ready to invest some money and approx 3-4 hrs. per day.At present I have made a budget of $ 500 and I want your advice.

What would you like to do if you have $500 and 3 hrs. per day time ?

Is this amount of money and time is sufficient to start a business.
Pls give your suggestions :
1.Where to start
2.What type of business model
3.Where to invest with good ROI

All the advices and suggestions are greatly appriciated.

Thanks

PS : As english is not my native language so pls ignore my mistakes
#$500 #invest #start
  • Profile picture of the author Adeel_Chowdhry
    Use some of that money to get a few short reports that focus on the 'make money niche' created.

    Get some graphics created.

    Start selling it in forums for a VERY low amount, i'm talking $1-$7.

    Purpose: TO BUILD A LIST OF BUYERS.

    That's where the long term money is.

    Once you've built up a nice little amount...create a related product to what they purchased and sell it to that little list of buyers.

    <continue cycle>

    Hope that helps.
    Adeel Chowdhry
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    • Profile picture of the author preets
      Originally Posted by Adeel_Chowdhry View Post

      Use some of that money to get a few short reports that focus on the 'make money niche' created.

      Get some graphics created.

      Start selling it in forums for a VERY low amount, i'm talking $1-$7.

      Purpose: TO BUILD A LIST OF BUYERS.

      That's where the long term money is.

      Once you've built up a nice little amount...create a related product to what they purchased and sell it to that little list of buyers.

      <continue cycle>

      Hope that helps.
      Adeel Chowdhry
      Is it right to sell "Make Money Products " even when one is struggling to make money online itself?

      Regards
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      • Profile picture of the author Phil Jones
        Originally Posted by preets View Post

        Is it right to sell "Make Money Products " even when one is struggling to make money online itself?
        I'll try answer that. Yes and No.

        There are a number of different approaches you can take, for example you can show people a method of earning XX/month or you can show them a new skill. If you know how to setup blogs show people how to do that... or how to create graphics, or how to write copy that converts or...

        But selling products that promise results is very bad if your not making money yourself. Maybe try another niche to get started
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        • Profile picture of the author Adeel_Chowdhry
          Very good reply Phil.

          Just teaching people a skill, such as showing people 'how to create graphics' (selling services) is basically a 'make money product'.

          What is wrong with that?

          You could also teach people how to monitize blogs. If you do not know how to yourself, get an expert in that field to create that report.

          This is business.

          There is nothing unethical about this.

          Just don't promise people lies.

          Hope that helps...?


          Adeel Chowdhry
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  • Profile picture of the author preets
    Thanks Adeel , I am not against to sell make money products or services .I was just curious how people react when they know that thay have purchased a product from a newcomer.
    I can create blogs and teach people how to integrate adsense to monetize .I can also offer my services to create a custom blogger blog by using free templates.

    I just don't want to do anything wrong ,that's all my intentions.

    Thanks
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  • Profile picture of the author halille
    Hi

    your budget is great, but I would recommend you focus on creating your first product on a shoestring and use some of this money for cheap advertising

    Anyway, i will highly recommend you focus on your strength and build something around, it will give you an edge in the process

    And do not run to elance to outsource it's the best place to lose 500 bucks quickly

    So you probably have some special knowledge or passion

    In this case you can focus on a niche wher you can help people to do what you already know

    1.How to build simple website in 4 hours
    2.How to Create a blogs in 1 Hour
    3.How to Write articles that help to promote your website
    4.how to create a squidoo lens and hub page; and why you should do it to promote your website or blog

    Focusing on a small group is really powerful sharing some interest or passion

    And only after you get some decent, you can write a report of everything you have done and sell it to the "Make Money" crowd

    -----------------------------------------

    Another option you have is to buy cheap websites to flip them using your skills. When I say cheap nothing above 50$.

    You can flip them, drive some traffic with articles, squidoo lenses and hub page and then resell them for a profit.
    This is really powerfull, but you need to develop the buyer skill. To acquire only the website that have some value

    -----------------------
    Avoid the PLR junk process of writing a report based on content written by others on "How to make money online", "the fake it until you make it" is the worst approach in any business.

    Also follow something that is aligned with your own core values and principles

    All the best
    Halille
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    • Profile picture of the author preets
      Originally Posted by halille View Post

      Hi

      your budget is great, but I would recommend you focus on creating your first product on a shoestring and use some of this money for cheap advertising

      Anyway, i will highly recommend you focus on your strength and build something around, it will give you an edge in the process

      And do not run to elance to outsource it's the best place to lose 500 bucks quickly

      So you probably have some special knowledge or passion

      In this case you can focus on a niche wher you can help people to do what you already know

      1.How to build simple website in 4 hours
      2.How to Create a blogs in 1 Hour
      3.How to Write articles that help to promote your website
      4.how to create a squidoo lens and hub page; and why you should do it to promote your website or blog

      Focusing on a small group is really powerful sharing some interest or passion

      And only after you get some decent, you can write a report of everything you have done and sell it to the "Make Money" crowd

      -----------------------------------------

      Another option you have is to buy cheap websites to flip them using your skills. When I say cheap nothing above 50$.

      You can flip them, drive some traffic with articles, squidoo lenses and hub page and then resell them for a profit.
      This is really powerfull, but you need to develop the buyer skill. To acquire only the website that have some value

      -----------------------
      Avoid the PLR junk process of writing a report based on content written by others on "How to make money online", "the fake it until you make it" is the worst approach in any business.

      Also follow something that is aligned with your own core values and principles

      All the best
      Halille

      Thanks Halille for valuable advice.
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      BUY HIGH QUALITY BACKLINKS | Party Supplies Singapore | Affordable SEO Services
      Wordpress Developer | Sales Page Designing | Affiliate Site Development | HTML Website |
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