What can you do if you have extra $10,000 to spend?

ryanman · 12-28-2008, 02:13 AM

What are the best ways to make the most out of extra $10,000 one might have?

MommyEnterprises · 12-28-2008, 02:14 AM

I would use $10,000 towards my mortgage!

TiMa · 12-28-2008, 02:16 AM

$10,000 - hmm - experiment with AdWords for a start. Then, you could also make your own Info Product (Non-IM-related) - outsource it fully, including the book & sales copy. If it clicks, you've bound to make more than that for several years to come! =D

milamber · 12-28-2008, 02:19 AM

I'll start small business. Find good stuff to sell on alibaba and build my mini store here in my country

jrsencio · 12-28-2008, 02:23 AM

There's this software product I would develop.

ryanman · 12-28-2008, 04:35 AM

Quote:

Originally Posted by TiMa

$10,000 - hmm - experiment with AdWords for a start. Then, you could also make your own Info Product (Non-IM-related) - outsource it fully, including the book & sales copy. If it clicks, you've bound to make more than that for several years to come! =D

I just launched my own info product which has taken a jump start.

ryanman · 12-28-2008, 04:44 AM

Quote:

Originally Posted by Raymond Edeh

Hey bro,

I don't think it's ethical here for someone to ask people to click on their sig.

Just my opinion.

Point taken. Thanks.

TLTheLiberator · 12-28-2008, 09:40 AM

If the 10k is to be dedicated to learning how to conduct online business, I would learn how to use Google's site targeting advertising program and how to become a master of traffic generation.

Note: You don't and shouldn't spend it all in one place.

TL

NewbiesDiary · 12-28-2008, 10:00 AM

give it to me??

myob · 12-28-2008, 10:27 AM

Search the WSO forum, buy some products, and test a few of them. Don't be so eager to spend it all at once; it can go quickly if you don't know what you're doing.

Steve Faber · 12-28-2008, 11:51 AM

Be careful. this was once said about racing, but the best way to make a small fortune with Adwords is to start with a large one. If you know what you're doing, you can make huge money, but if you're not smart about it, learning can be an expensive lesson.

I'd research an info product, outsource or create one, then outsource a great affiliate area and sales letter for it. You should be able to do this for way, way under $10K. Then go after some hard core affiliates.

You could outsource 700 to 1,000 articles and build a nice niche site around them. It would take a little while to get a ROI, but it could keep earning for many years. I have far smaller sites and blogs I rarely touch anymore that still earn $500 - $1,000 a month. Most of those have no list, because I was too stupid to build / maintain one. If you avoid that huge mistake, you would earn for years off that $10K with very little additional work.

TiMa · 12-28-2008, 01:00 PM

Quote:

Originally Posted by ryanman

I just launched my own info product which has taken a jump start.

Nice product, man - and a good sales copy! After giving your sales page a glance - I noticed that you haven't added your photo. I suggest you add a stock photo beneath your name since it really boosts credibility and sales.

Just wondering though - assuming that you outsourced the whole work, how much did it cost you overall?

ryanman · 12-28-2008, 10:21 PM

Quote:

Originally Posted by TiMa

Nice product, man - and a good sales copy! After giving your sales page a glance - I noticed that you haven't added your photo. I suggest you add a stock photo beneath your name since it really boosts credibility and sales.

Just wondering though - assuming that you outsourced the whole work, how much did it cost you overall?

I did not outsource the book. It's been written by me including the sales copy. I have a private designer hired locally. It's starting to build gravity now.

ryanman · 12-29-2008, 12:36 PM

Quote:

Originally Posted by NewbiesDiary

give it to me??

hahahahaha.

Dan C. Rinnert · 12-29-2008, 12:40 PM

Quote:

Originally Posted by NewbiesDiary

give it to me??

That was going to be my line!

But, I'll go one better... He can give it to me and then I'll tweet about what a great guy he is! ;-)

12-28-2008, 02:13 AM	#1
ryanman The Ultimate Warrior War Room Member Join Date: Oct 2008 Posts: 922 Thanks: 18 Thanked 295 Times in 141 Posts	What can you do if you have extra $10,000 to spend? What are the best ways to make the most out of extra $10,000 one might have?
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12-28-2008, 02:14 AM	#2
MommyEnterprises Work At Home Mommy Join Date: Jul 2006 Location: In My Kitchen Posts: 406 Thanks: 6 Thanked 10 Times in 8 Posts Social Networking Contact Info	Re: What can you do if you have extra $10,000 to spend? I would use $10,000 towards my mortgage!
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12-28-2008, 02:16 AM	#3
TiMa Semi-Pro Join Date: Jul 2007 Location: Pune, India Posts: 40 Thanks: 12 Thanked 9 Times in 3 Posts Social Networking Contact Info	Re: What can you do if you have extra $10,000 to spend? $10,000 - hmm - experiment with AdWords for a start. Then, you could also make your own Info Product (Non-IM-related) - outsource it fully, including the book & sales copy. If it clicks, you've bound to make more than that for several years to come! =D
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12-28-2008, 02:19 AM	#4
milamber HyperActive Warrior Join Date: Oct 2008 Location: Philippines Posts: 139 Blog Entries: 1 Thanks: 10 Thanked 3 Times in 3 Posts Social Networking	Re: What can you do if you have extra $10,000 to spend? I'll start small business. Find good stuff to sell on alibaba and build my mini store here in my country
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12-28-2008, 02:23 AM	#5
jrsencio HyperActive Warrior Join Date: May 2007 Location: Silicon Valley Posts: 273 Thanks: 5 Thanked 17 Times in 15 Posts Social Networking Contact Info	Re: What can you do if you have extra $10,000 to spend? There's this software product I would develop.

12-28-2008, 09:40 AM	#8
TLTheLiberator Please get a net biz plan War Room Member Join Date: Apr 2008 Location: , , USA. Posts: 1,428 Blog Entries: 3 Thanks: 1,109 Thanked 559 Times in 427 Posts	Re: What can you do if you have extra $10,000 to spend? If the 10k is to be dedicated to learning how to conduct online business, I would learn how to use Google's site targeting advertising program and how to become a master of traffic generation. Note: You don't and shouldn't spend it all in one place. TL

12-28-2008, 10:00 AM	#9
NewbiesDiary Advanced Warrior War Room Member Join Date: Jul 2008 Location: Beautiful Brisbane - Australia - Ozzie Ozzie Ozzie Oi Oi Oi Posts: 880 Thanks: 63 Thanked 145 Times in 73 Posts Social Networking Contact Info	Re: What can you do if you have extra $10,000 to spend? give it to me??
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12-28-2008, 10:27 AM	#10
myob Mind Your Own Business War Room Member Join Date: Jul 2002 Location: Los Angeles, CA Posts: 3,505 Thanks: 539 Thanked 2,123 Times in 1,306 Posts	Re: What can you do if you have extra $10,000 to spend? Search the WSO forum, buy some products, and test a few of them. Don't be so eager to spend it all at once; it can go quickly if you don't know what you're doing.

12-28-2008, 11:51 AM	#11
Steve Faber "Opportunitiesaplenty" War Room Member Join Date: Mar 2007 Location: Redmond,WA, USA . Posts: 737 Thanks: 382 Thanked 160 Times in 98 Posts Social Networking	Re: What can you do if you have extra $10,000 to spend? Be careful. this was once said about racing, but the best way to make a small fortune with Adwords is to start with a large one. If you know what you're doing, you can make huge money, but if you're not smart about it, learning can be an expensive lesson. I'd research an info product, outsource or create one, then outsource a great affiliate area and sales letter for it. You should be able to do this for way, way under $10K. Then go after some hard core affiliates. You could outsource 700 to 1,000 articles and build a nice niche site around them. It would take a little while to get a ROI, but it could keep earning for many years. I have far smaller sites and blogs I rarely touch anymore that still earn $500 - $1,000 a month. Most of those have no list, because I was too stupid to build / maintain one. If you avoid that huge mistake, you would earn for years off that $10K with very little additional work.
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