Top 5 investments For IM which is important

1. Mindset
2. Established Audience (List of Buyers with Relationship)
3. Passive Income Producing Assets
4. Support/Content Creation Team
5. Copywriting Skills (Knowing actually how to sell something)

Really their are only three areas to look at to run a successful online business. They are:

Audience (List) of Buyers --> Developing Goodwill w/ the List --> Passive Income Producing Assets

As long as your doing something that contributes to those top three areas of business, your doing fine.

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shireen

13 years ago

Hi:

Shireen here :-)

1) hosting
2) domain
3) products
4) copywriting
5) graphics

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Magnificentpower

13 years ago

1.hosting
2.domain
3.articles
4.aweber
5.seo tools(AMR ,scrapebox,Senukex...)

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Kecia

13 years ago

1. Domain
2. Hosting
3. Aweber (or other list building program)

Those are the only three "must haves" to get started. You can easily do affiliate marketing with only these three.

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TryBPO

13 years ago

1. Hosting (GoDaddy works fine)
2. Keyword Research (We like Market Samurai)
3. WordPress (EASY to build sites and free)
4. Good content providers
5. SEO tools (SeNuke X, article submsisions, etc.)

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Ruth P

13 years ago

When it comes to paid products/ services I'd say:

1) Domains,
2) Hosting,
3) List Building (I use Aweber),
4) Keyword Research (I use Market Samurai)
5) War Room/ WSO Fees if you have something to sell here.

You can avoid paying for 4 and 5 for a little while til you have more cash, but I highly recommend you start using the first 3 ASAP.

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jrpt 13 years ago

Since everyone and their mother on here is putting Hosting & Domain name as two of the 5, I'll assume that you know you have to do that...no brainer. I'm guessing you want to know 5 tools that would be good investments (not domain name, hosting, etc.)

Here's my top 5:
1) Aweber account (emails get delivered to your list---plain and simple)--well worth the $20/month investment
2) Keyword Research Tool (I like Market Samurai but some use Micro Niche Finder). I have built youtube videos around 2 terms I uncovered using MS that I would have never found otherwise and they made me a good bit of $$
3) Twitter Marketing Tool - I like Tweetattacks personally. I was using Tweetadder but they had problems on their last update and their customer service still hasn't come through for me. You need this to automate the back and forth/interaction between your company and those searching or talking about your company or niche. Invaluable tool to have unless you can stay awake 24/7.
4) A Site Template that Works on many levels - With so many designs and templates out there, find one you like and try it. See how it ranks after a while. If Google doesn't seem to like it, try another. WHen you find that one template you like that also works well for the SERPs, stick with it on all of your sites. Don't reinvent the wheel. Use Wordpress Themes--so many great free plugins as well.
5) Learn Photo/Image Editing - If there's one thing I wish I was better at (and am still trying to learn) it would be this. Having editing skills will come in handy and save you lots of time and $$ once you get your sites rolling.

Hope that helps.
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limestone614

13 years ago

Ruth P,

Very nice point at the beginning, no-one else has mentioned; (products and services)
All of the other things mentioned are useless without the following investments:

1. Your Time (this is the most important investment you will make by far)
2. Small amount of money
3. Fast Internet (definately a must)
4. A Creative mind
5. The Will to succeed and NOT give up (easy to say, harder to do on the bread-line)

None of the "tools" are needed. Not a single one and I would say the only way to make money from any 1 purchased "tool", is to own the tool and sell it.

There is absolutely no doubt that joining this Forum is a good start, there is a wealth of information to read but you have to understand, the information is almost all written with a view to making money for the writer, especially any guides and articles you read.

I would not be onto what I am now if it wasn't for this forum and the War Room is a MUST.

I have not purchased a single "marketing aid".
I have purchased Hosting and Domains and use Godaddy.
I have used Fiver for outsourcing things I couldn't do. (Note the word couldn't; and not don't, want to)

Its not the tools you have; its the person using or behind them.

In my new WSO I will be talking about exactly this.
What you Do and Do not need to make a good living from the internet.
(And you do not NEED the tools)

You Don't need a Website, although it helps.
You Don't need a Product, although it is definately 1 way.
You Don't need a Big List, but I will show you how to get one anyway.
You Don't need to know ANY S.E.O.
You Don't need much money.

Yet it is still possible to make huge sums of money online.

Think OUTSIDE the box and stop chasing the money, you should not be thinking what tools can I use or what tool should I buy first.

You should be thinking:

How / What can I provide that people actually want?
Can I provide it for Free or very cheap?
Can I provide it many times?

Once you answer those 3 questions, then put it into practice; you will make money online.

The money will come to you.

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TryBPO

13 years ago

Originally Posted by limestone614

Ruth P,

None of the "tools" are needed. Not a single one and I would say the only way to make money from any 1 purchased "tool", is to own the tool and sell it.

There is absolutely no doubt that joining this Forum is a good start, there is a wealth of information to read but you have to understand, the information is almost all written with a view to making money for the writer, especially any guides and articles you read.

I would not be onto what I am now if it wasn't for this forum and the War Room is a MUST.

I have not purchased a single "marketing aid".
I have purchased Hosting and Domains and use Godaddy.
I have used Fiver for outsourcing things I couldn't do. (Note the word couldn't; and not don't, want to)

Its not the tools you have; its the person using or behind them.

Hmmm...I definitely disagree with you there. I WOULD agree in saying that you should be very careful buying tools...and that buying tools willy-nilly is the easiest way to BLOW money on IM, but saying they're not needed isn't right I think.

I CAN do KW research without Market Samurai, but it's a real pain and takes me considerably longer. I have, without a doubt, saved myself a ton of time for not that much money with MS. I'm not a huge tool buyer, but that's one that I know for a fact was worth it for me.

You also mentioning only outsourcing the things you can't do. Do you really think that's the best approach? Would you offer that advice in your WSO? There are things I CAN do, but choose not to and would rather delegate to one of our agents.

Why spend MY time that's valued at $X/hour on a 20 hour project when i can spend an hour training an agent and spend their time at $Y/hour. I guess it relates to how you value your time?

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limestone614

13 years ago

Originally Posted by TryBPO

Hmmm...I definitely disagree with you there. I WOULD agree in saying that you should be very careful buying tools...and that buying tools willy-nilly is the easiest way to BLOW money on IM, but saying they're not needed isn't right I think.

My answer is two-fold.

Firstly, i have yet to see a tool that can do a better job with the niche selection than my head. It may be slower but, quality vs quantity.

Secondly, You learn more doing it yourself, if you know what you're doing you get better results.

However,

I do like Market Samurai and yes, it can save you some time.
But you learn nothing about the market you are entering, long tail keywords etc, all of which you see when manually looking and checking out the competition.

It does also assume that you are going for niche marketing too, which is just 1 area of IM?

You also mentioning only outsourcing the things you can't do. Do you really think that's the best approach? Would you offer that advice in your WSO? There are things I CAN do, but choose not to and would rather delegate to one of our agents.

I would offer that advice to a new marketer every time. You have to learn to walk before you can run. As for any WSO, it would depend on the target market as to what I would say.

Why spend MY time that's valued at /hour on a 20 hour project when i can spend an hour training an agent and spend their time at /hour. I guess it relates to how you value your time?

Yes, it does depend on how you value your time, but it also depends on what your online business is about and what it involves. It's supposed to be fun yes?

Generally I find that unless I do it myself it doesn't get done correctly and I end up doing it myself in the end anyway.

Google is pushing very hard against most anything that is automated to do with SEO, those 15,000 blog links that are fired in in 1 day will most likely do more harm to a new site than good. Google is learning.

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TryBPO

13 years ago

Originally Posted by limestone614

My answer is two-fold.

Firstly, i have yet to see a tool that can do a better job with the niche selection than my head. It may be slower but, quality vs quantity.

Secondly, You learn more doing it yourself, if you know what you're doing you get better results.

Maybe the initial idea for the niche is better coming from you (or me) than from some automated tool. I'm better at determining what's hot and what the "buying keywords" are, for sure. I also agree that doing it yourself first is the ONLY way to do it. Trying to have someone else do it or some automation tool do it when you don't know the principles behind it in the first place doesn't make much sense.

Originally Posted by limestone614

However,

I do like Market Samurai and yes, it can save you some time.
But you learn nothing about the market you are entering, long tail keywords etc, all of which you see when manually looking and checking out the competition.

It does also assume that you are going for niche marketing too, which is just 1 area of IM?

Of course you should learn about the competition. If you're saying that no tool can replace good common sense and understanding your market, I agree with that. That being said, MS does give you good info on long-tails when using it properly, as I'm sure you know.

Why does MS assume you're only going after niches? (By niches, I'm assuming you mean very specific niches) Good KW research is important and required for anything where you're looking to get ranked. MS can be used for niche research, but it can be used for much broader KW and SEO research as well. (God...I swear, I don't work for MS and I'm not an outsourced promoter of theirs!)

Originally Posted by limestone614

I would offer that advice to a new marketer every time. You have to learn to walk before you can run. As for any WSO, it would depend on the target market as to what I would say.

Yes, I understand that you might tell new marketers to be careful with outsourcing and to do it themselves first...but you also said you only outsource that which you cannot do which, as I've seen, can prove problematic. Outsourcing something you've done and know WELL first is generally a pretty good strategy. Taking an unproven process, proving it, making it repeatable, and then outsourcing it to those who will do it faster, better, and/or for less cost is a great outsourcing scenario.

Originally Posted by limestone614

Yes, it does depend on how you value your time, but it also depends on what your online business is about and what it involves. It's supposed to be fun yes?

Generally I find that unless I do it myself it doesn't get done correctly and I end up doing it myself in the end anyway.

Google is pushing very hard against most anything that is automated to do with SEO, those 15,000 blog links that are fired in in 1 day will most likely do more harm to a new site than good. Google is learning.

I don't know...some of it's fun, I guess...but that's not the main reason I do it. Ultimately I'm in business to make money. It's not a hobby...it's not where I go to make friends...it's to build wealth.

I mostly (not always true) do a better job and get better results when I do it myself...but I'm just one person. There's no way I can do it all...

I seriously doubt Google will punish you for the number of links created, no matter how quickly...that would cause them a host of problems. Alternatively, there's no way I'm going to spend my precious hours every day running around manually commenting on dofollow blogs, I promise you!

Anyway...interesting perspective!

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Richy Burns

13 years ago

1)Start up capital
2)Outsourcing
3)Outsourcing
4)Outsourcing
5)Outsourcing

cheers

Rich

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Top 5 investments For IM which is important

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