Newbie advice : Short term Vs Long Term if limited budget
It might happen with a low amount of starting cash. But if your new, there is risk your effort will fail at marketing. Ask yourself what your goals are. Will you have money to start over if you fail? If you fail can you learn from it to avoid the mistakes made the first time?
Now my point is, sometimes it can be beneficial to have in your entry strategy a short term plan.
Lets say long term you want to run some great affiliate sites. But you have not done so before. Lets say in my example your niche is moderately competitive. You might do well with that say $50.00, then again you may not.
The forum is filled with short term money makers, that will not net you a lot of cash but have fast turn around times if you follow the advice. In fact I will be trying one of them for fun, I read a how to thread on website flipping.
Broken down easy enough ( but not in exact detail do not want to clog thread with that )
1) Find a good niche and some Key words that are not over saturated.
2) pick out a good domain name & buy it
3) Make small website & write content for it, place it on site ( Not crappy content either , make it have value, not junk )
4) Do some basic SEO to get it started ( If you know your SEO you can get a site indexed fast )
5) Optional: find some CPAs or affiliate programs you could plug into it so the site can make money to the new owner you will sell it to.
6) Flip ( sell ) site on site flippa or another place that has a market for websites. If you sell it right away you wont get much for it as you could holding onto it for awhile then selling it, but if your site doesn't stink and has value someone will buy it, if you make it good enough you could get $100.00 or more for it. This gives you an extra $100.00 bucks to spend in IM and...... one more benefit. It gives you some real idea if a site you can create has value, for if someone buys it then it obviously has some value to someone other then yourself, so you get a nice ego boost as well.
Now the above isn't the only fast cash method, this forum is loaded with them.
So sometimes if you are stressed about your long term plan and are low in funds and your long term plan has higher risk, perhaps a lower income starter short term project can help you to earn the money you need to make and propel your long term project ahead. With the $50.00 bucks in my above example I could buy 4 good domains and hosting, make 4 websites and flip them. If i pick a good niche and domain name and fill it with some decent content ( say 5 articles each to get it started ) I should make at least $50.00 per site by flipping those sites to another marketer. I would most certainly make my money back. Or I could play it safe and make only one site for a total cost of say $20.00 bucks ( hosting + Domain name ) and hopefully sell it ( though my chances would be better making 4 sites and trying to flip all 4 sites VS making one site only to flip ).
My point is if you have a limited budget, think about your entry strategy. How long would it take the average newbie to make any kind of money with your long term plan? How long would it take the average newbie to make some cash with a shorter faster cash making method that said cash can be put towards your long term plan?
Just food for thought. Their is no right or wrong answer here.
PS nothing wrong with reaching out to a pro warrior if they have a thread on a short term money maker to ask for input before you spend that cash. If you go that route make sure you have some verification that the person knows what they are talking about.... in my above example I know the OP did as I have seen sales of sites by said person. Seeing vs reading is legit.
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