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Unread 29th May 2011, 12:54 AM   #1
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Default How To Turn $1,000 Into $5,000

If you are given $1,000 and are challenged to turn it into at least a $5,000 earnings in 60 days. What will you do?

I am asking this because it will give a great deal of insight on how people can manage their start-up capital.

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Unread 29th May 2011, 01:02 AM   #2
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Default Re: How To Turn $1,000 Into $5,000

Personally I would initially use the money for offline ventures to start, using the money directly for advertising and initial website setup. This would bring in clients for services like mobile websites or seo services to create a residual income. After I reached about 2500 in capital I would re-invest heavily into online advertising in various ppc programs and build up a large online and offline client base. I believe that would allow me to hit the 5000 mark and would set up a good residual income for after those 60 days.

But that's just me ...
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Unread 29th May 2011, 01:05 AM   #3
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Default Re: How To Turn $1,000 Into $5,000

Quote:
Originally Posted by tmoby View Post
Personally I would initially use the money for offline ventures to start, using the money directly for advertising and initial website setup. This would bring in clients for services like mobile websites or seo services to create a residual income. After I reached about 2500 in capital I would re-invest heavily into online advertising in various ppc programs and build up a large online and offline client base. I believe that would allow me to hit the 5000 mark and would set up a good residual income for after those 60 days.

But that's just me ...
That's a pretty idea!
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Unread 29th May 2011, 01:07 AM   #4
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Default Re: How To Turn $1,000 Into $5,000

I would invest it into an offline business which does SEO for local businesses with revenue over $1 million...oh wait, I already did that and it worked
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Unread 29th May 2011, 01:11 AM   #5
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Default Re: How To Turn $1,000 Into $5,000

While i await others to give their opinions, i will build a squeeze page and spend a large chunk of the money to generate at least 5,000 leads, and then begin to promote CPA offers to them. Since the duration is 60 days, if i send an offer that pays $5 per sign-up and only 500 of them signs up, that will fetch me $500 a week. 60 days contains 8 week. $500 multiplied by 8 weeks equals: $4,000. Thats pretty close to $5,000. It can be scaled up if i decide to send two mailings per week.
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Unread 29th May 2011, 02:38 AM   #6
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Default Re: How To Turn $1,000 Into $5,000

Quote:
Originally Posted by jonat2005 View Post
While i await others to give their opinions, i will build a squeeze page and spend a large chunk of the money to generate at least 5,000 leads, and then begin to promote CPA offers to them. Since the duration is 60 days, if i send an offer that pays $5 per sign-up and only 500 of them signs up, that will fetch me $500 a week. 60 days contains 8 week. $500 multiplied by 8 weeks equals: $4,000. Thats pretty close to $5,000. It can be scaled up if i decide to send two mailings per week.
Sounds really good, the only thing different I would is promote rebelling products!! By the how are you planning on generating your leads ?
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Unread 29th May 2011, 04:14 AM   #7
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Default Re: How To Turn $1,000 Into $5,000

I would invest it in something I know would bring in good money.

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Unread 29th May 2011, 04:20 AM   #8
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Default Re: How To Turn $1,000 Into $5,000

i would invest in some food and beverage venture which promises good returns or rear some fish for the market
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Unread 29th May 2011, 07:49 AM   #9
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Default Re: How To Turn $1,000 Into $5,000

Use it in PPC.

But if you know what to do in PPC, this would be for you,
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Unread 29th May 2011, 07:51 AM   #10
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Default Re: How To Turn $1,000 Into $5,000

I would invest in a ton of domain names or maybe just a few big ones.

Then I would either flip or develop those domain names.

Recent domain flips : $8->$1000 Social recruiting Software dot com $8->$2000 MobileSalesSoftware.com
Invest in domains without the hard work !
Email for details...Mike McAleer at me dot com
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Unread 29th May 2011, 09:04 AM   #11
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Default Re: How To Turn $1,000 Into $5,000

If the person doesn't know an awful lot about Marketing, id use around Half of the start up budget in a Mentor personally.

Generally, a mentor will guide you through everything and show you an income stream that you can generate fairly easily with their guidance, and once your "personal" training is done, it is easily scaleable so that the more time you have, the more money you will make.

It may start slow, but seeing the initial results from your mentor showing you step by step should have you making money fairly quickly - therefore eliminating many mental blocks that can concur when starting in internet marketing like "It doesn't work".

Just my 2 pence
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Unread 29th May 2011, 10:32 AM   #12
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Default Re: How To Turn $1,000 Into $5,000

$100-$200 in getting an IM product made, $800-$900 in pre-paid commissions to affiliates who are known to get high sales!

Why do anything yourself when you have the funds!
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Unread 29th May 2011, 10:37 AM   #13
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Default Re: How To Turn $1,000 Into $5,000

I would put all the money into a product launch. $1000 is enough for Graphics, VAs, a cheap copywriter and content creation.

In the end, I would make $10,000 from product launch.

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Unread 29th May 2011, 11:16 AM   #14
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Default Re: How To Turn $1,000 Into $5,000

Well as a new guy to the forum, I thought I would help someone out with my past IM experience.

Try learning some PPC or even PPV, the reason being is because if you can learn what works, you can test 100-200 and then just split test and expand as needed!

Trust me, it really can come in handy later when you don't have enough cash!
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Unread 29th May 2011, 12:02 PM   #15
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Default Re: How To Turn $1,000 Into $5,000

I would invest that money in my local share market to make $5000 in 60 days
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Unread 29th May 2011, 12:07 PM   #16
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Default Re: How To Turn $1,000 Into $5,000

I would spend $1000 on WSOs of every type, then let them sit collecting dust on my hard drive. Oh wait . . . I've already done that. Skip that strategy, it doesn't work. Go with the Offline Business or CPA marketing options.

I'm saving 50% to 90% off all marketing tools & software tools at The Daily Gangster!

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Unread 29th May 2011, 12:29 PM   #17
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Default Re: How To Turn $1,000 Into $5,000

Quote:
Originally Posted by indihow View Post
$100-$200 in getting an IM product made, $800-$900 in pre-paid commissions to affiliates who are known to get high sales!

Why do anything yourself when you have the funds!
Best idea in this thread!

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