Freelancer.com

Go Back   Warrior Forum - The #1 Internet Marketing Forum & Marketplace > The Warrior Forum > Main Internet Marketing Discussion Forum
Register Blogs Social Groups Advertise with usHelp Desk

Reply
LinkBack Thread Tools
Unread 27th December 2011, 06:52 PM   #1
Warrior Member
 
lifeworthliving's Avatar
 
Join Date: 2011
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
Default 5K to invest for 1K residual income. Options?

Hey everyone. I'm looking to create an extra income on the side while I continue to work my regular 9-5. I have 5K to invest with the hopes of getting anywhere between 800 to 1K residual income per month.

What are my options? If you had 5k to invest, what would you guys do?

Not looking to become an overnight millionaire. Just looking for some extra money to supplement my current income. $800.00 - 1K is what I'm aiming for.

Let me know.

Thanks!

Please do not use affiliate/MLM links in signatures
lifeworthliving is offline   Reply With Quote
Unread 27th December 2011, 06:55 PM   #2
HyperActive Warrior
War Room Member
 
HarrisonJ's Avatar
 
Join Date: 2009
Posts: 342
Thanks: 14
Thanked 37 Times in 36 Posts
Default Re: 5K to invest for 1K residual income. Options?

Create a digital product, like an ebook, video series, or membership site.
Or, start a blog or forum, and buy 200 articles for $1000 ($5 each) and keep the other 4k.

HarrisonJ is offline   Reply With Quote
Unread 27th December 2011, 06:57 PM   #3
Here to help
 
Join Date: 2011
Location: London
Posts: 117
Thanks: 2
Thanked 10 Times in 8 Posts
Default Re: 5K to invest for 1K residual income. Options?

trade silver options, with 5k you can control 10k's worth of silver, but it's not likely to bring in 1k a month, but is great to put cash into buildong longterm wealth. Or you can set up an awesome IM business with that money and then invest those profits in silver and gold

ezmystic is offline   Reply With Quote
Unread 27th December 2011, 06:58 PM   #4
Warrior Member
 
lifeworthliving's Avatar
 
Join Date: 2011
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: 5K to invest for 1K residual income. Options?

Say I start a blog, purchase 200 high quality articles. Now what? How do I monetize?

Please do not use affiliate/MLM links in signatures
lifeworthliving is offline   Reply With Quote
Unread 27th December 2011, 06:59 PM   #5
Warrior Member
 
lifeworthliving's Avatar
 
Join Date: 2011
Posts: 7
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: 5K to invest for 1K residual income. Options?

Are you saying I should just join Numis?

Please do not use affiliate/MLM links in signatures
lifeworthliving is offline   Reply With Quote
Unread 28th December 2011, 04:38 AM   #6
HyperActive Warrior
 
ErikNilsson's Avatar
 
Join Date: 2011
Location: SkyNet
Posts: 328
Thanks: 1
Thanked 50 Times in 44 Posts
Default Re: 5K to invest for 1K residual income. Options?

Go to flippa check domains which are making min $300 per month buy that domains at the price of below 2k.Spend another 500$ update the site with articles and do some SEO,If everything goes well you will be making $800 in 4 months.

USA Bank Account + ATM Card for Non-USA Residents Service PM me

Last edited on 28th December 2011 at 04:40 AM. Reason: Mispell
ErikNilsson is offline   Reply With Quote
Unread 28th December 2011, 05:01 AM   #7
HyperActive Warrior
War Room Member
 
Nikolas's Avatar
 
Join Date: 2007
Location: Greece
Posts: 167
Thanks: 10
Thanked 31 Times in 29 Posts
Default Re: 5K to invest for 1K residual income. Options?

I would buy an established site. 5k is enough for a site that makes 800-1000.

Starting something from scratch could be a little risky if you don't have time to invest.
Nikolas is offline   Reply With Quote
Unread 28th December 2011, 05:51 AM   #8
Suzanne
War Room Member
 
sbucciarel's Avatar
 
Join Date: 2007
Location: Virginia, USA.
Posts: 16,531
Blog Entries: 1
Thanks: 3,410
Thanked 9,826 Times in 5,290 Posts
Default Re: 5K to invest for 1K residual income. Options?

You're better off putting that $5K away until you have a plan. Throwing money at it won't get you there without a plan.

You need to do some research, slow down, read the forum. See the different ways people here make money. Decide which one you would be interested in, then make a plan from there.

You could buy an already established money making site somewhere like Flippa. You could also get badly burned if you aren't aware of the kinds of scams on Flippa.

You could create your own product to sell.

Then there's affiliate marketing, CPA, Adwords and on and on. There's really no end to the ways that people make money online. That's why doing the research and making a plan for yourself is so important. You could easily end up pissing away $5K and end up with nothing if you just purchase randomly without a plan.

sbucciarel is offline   Reply With Quote
Unread 28th December 2011, 06:08 AM   #9
Active Warrior
 
Join Date: 2011
Posts: 39
Thanks: 4
Thanked 1 Time in 1 Post
Default Re: 5K to invest for 1K residual income. Options?

hire some writers from odesk, guru, or freelancer to make some ebooks and sell it via kindle direct publishing

blaugrana is offline   Reply With Quote
Unread 17th June 2012, 10:30 PM   #10
Warrior Member
 
Join Date: 2012
Posts: 5
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: 5K to invest for 1K residual income. Options?

There are several good methods of establishing residual income online without purchasing anything. In my opinion, if you have a quality service that doesn't take long to complete, you can offer it at fiverr.com and get $4 every time someone orders it. Other options that have a low start-up fee but may require some additional investments would be MLM - such as Amway. I wouldn't recommend that unless you really are into networking and have time to dedicate aside from your 9-5 job.

Try searching for more options, I find that blogs tend to provide the most in depth information on methods of making residual income. Look at some on here or check out mine at aboutinvestonomics.blogspot.com
yoheb is offline   Reply With Quote
Unread 17th June 2012, 10:49 PM   #11
Mass Conversion
 
jamesrich1's Avatar
 
Join Date: 2010
Location: Sacramento, CA
Posts: 2,005
Thanks: 246
Thanked 496 Times in 387 Posts
Default Re: 5K to invest for 1K residual income. Options?

lifeworthliving To make $1k residual you would need to make 1 sale with the system I use to make $1,720 per person. That is a little over the amount you want. Its a investment of $1,625 to get all in and you would also get a complete basic to advanced marketing education. PM me if you want to talk on the phone or through skype. You seem like a go getter that just needs the right system.
jamesrich1 is offline   Reply With Quote
Unread 18th June 2012, 01:10 AM   #12
Banned
 
Join Date: 2012
Posts: 46
Thanks: 0
Thanked 2 Times in 2 Posts
Default Re: 5K to invest for 1K residual income. Options?

Buy a website. Redevelop. Update it once a day with 2 or 3 articles.

You can get more than $800-$1000 a month this way and it's no ta lot of time. You just need coaching.
C29662C is offline   Reply With Quote
Unread 18th June 2012, 02:42 AM   #13
Active Warrior
 
Join Date: 2011
Posts: 76
Thanks: 1
Thanked 6 Times in 6 Posts
Default Re: 5K to invest for 1K residual income. Options?

Buy some website with revenue and potential , manage it and keep it alive.

Take a look in mine signature also for great deal.

Bock is offline   Reply With Quote
Unread 18th June 2012, 02:50 AM   #14
Senior Warrior Member
War Room Member
 
jan roos's Avatar
 
Join Date: 2008
Location: USA.
Posts: 2,280
Thanks: 565
Thanked 613 Times in 291 Posts
Default Re: 5K to invest for 1K residual income. Options?

Quote:
Originally Posted by ezmystic View Post
trade silver options, with 5k you can control 10k's worth of silver, but it's not likely to bring in 1k a month, but is great to put cash into buildong longterm wealth. Or you can set up an awesome IM business with that money and then invest those profits in silver and gold
Do you currently do this successfully? Reason I'm asking is because the Silver market is very volatile and manipulated. Been following it for a while and watching traders get taken to the cleaners. Physical only for me.

jan roos is offline   Reply With Quote
Unread 18th June 2012, 02:52 AM   #15
Senior Warrior Member
War Room Member
 
jan roos's Avatar
 
Join Date: 2008
Location: USA.
Posts: 2,280
Thanks: 565
Thanked 613 Times in 291 Posts
Default Re: 5K to invest for 1K residual income. Options?

5K is plenty to build an authority site that could make much more than 1K a month if you stick with it.

Check this blog post I did about the subject.

This Website Is Worth $30 Million – We can Do The Same! | jansinternetmarketingtraining.com

Cheers

jan roos is offline   Reply With Quote
Unread 18th June 2012, 04:25 AM   #16
mega-affiliate
War Room Member
 
Join Date: 2012
Location: Manchester, UK
Posts: 59
Thanks: 4
Thanked 3 Times in 3 Posts
Default Re: 5K to invest for 1K residual income. Options?

How much work are you willing to put into your venture? The more you put in the more you will get out of it. Remember that if you purchase something you need to keep developing it or your ROI's will dwindle.

Super Affiliate Club - more money, less work
Paul Guest is offline   Reply With Quote
Unread 18th June 2012, 04:31 AM   #17
Skype: MikeSmartSolutions
War Room Member
 
Mike Hersh's Avatar
 
Join Date: 2009
Posts: 976
Thanks: 17
Thanked 144 Times in 103 Posts
Default Re: 5K to invest for 1K residual income. Options?

1. Find a profitable niche.

2. Find the best product in this niche and see what's he's offering to buyers.

3. Create a better product and sell it for less. make sure to make your money on your back end (sales funnel).

4. Plan your launch. Start getting affiliates on board and make sure that there's something in it for THEM.

5. Make Money.

Obviously this is just the big picture, you'll have to learn a lot before going about creating your own product from scratch and getting affiliates on board.

Mike Hersh is offline   Reply With Quote
Unread 18th June 2012, 04:43 AM   #18
HyperActive Warrior
 
Aswad's Avatar
 
Join Date: 2012
Location: http://syafiqaswad.com
Posts: 109
Thanks: 17
Thanked 8 Times in 7 Posts
Default Re: 5K to invest for 1K residual income. Options?

5K is a lot of money. Think wisely before purchasing any kind of investment.
For me, I would invest half of the money building an authority website OR buy an established site from flippa.

There are no guarantee though- the time you plan on investing, you already risking your 5k.
Aswad is online now   Reply With Quote
Unread 18th June 2012, 05:21 AM   #19
Jujitsu Warrior
War Room Member
 
equanto's Avatar
 
Join Date: 2011
Location: Jogja
Posts: 146
Thanks: 13
Thanked 34 Times in 21 Posts
Default Re: 5K to invest for 1K residual income. Options?

If it's me. I'll go get some coaching with a trusted tutor to make money from this IM world
try find someone that has a name and proofable, start from this forum
No single word of certain in this world.. but maybe you can do much better and not get lost while learning something that has big risk

What saves a man is to take a step. Then another step. It is always the same step, but you have to take it.
Stories of Another day can be saved by your STEPS
equanto is offline   Reply With Quote
Unread 19th June 2012, 12:54 AM   #20
Banned
War Room Member
 
Join Date: 2010
Location: Multiverse
Posts: 773
Thanks: 1
Thanked 41 Times in 41 Posts
Default Re: 5K to invest for 1K residual income. Options?

Thats a pretty good ROI you are looking to. You should find a good JV with a reputable warrior with previous experience.
You will get a lot of money from that.
williamk is offline   Reply With Quote
Unread 19th June 2012, 01:26 AM   #21
SuperMaverick
War Room Member
 
altruismme's Avatar
 
Join Date: 2010
Location: India
Posts: 78
Thanks: 42
Thanked 14 Times in 7 Posts
Default Re: 5K to invest for 1K residual income. Options?

Quote:
Originally Posted by Mike Hersh View Post
1. Find a profitable niche.

2. Find the best product in this niche and see what's he's offering to buyers.

3. Create a better product and sell it for less. make sure to make your money on your back end (sales funnel).

4. Plan your launch. Start getting affiliates on board and make sure that there's something in it for THEM.

5. Make Money.

Obviously this is just the big picture, you'll have to learn a lot before going about creating your own product from scratch and getting affiliates on board.
You can Make a product with thae idea that has been shared by Mike Just Follow his system.

This is also a niche. "How to make passive 1k a month"

1- Hire some Internet marketer writers on Freelancer, Guru, Odesk, Who has done the steps above successfully, mentioned by Mike.

2- Go on the section warrior wanted publish your book for an exchange of a review. You have to pay 5$ per post.

3- After getting some reviews Contact some Warriors to do a Jv with you for launching your product successfully on WSO or Clickbank,

4- The JV will guide from there.

Thanks,
Chris.
altruismme is offline   Reply With Quote
Unread 19th June 2012, 02:09 AM   #22
Advanced Warrior
War Room Member
 
Chris-'s Avatar
 
Join Date: 2009
Location: various :)
Posts: 858
Thanks: 316
Thanked 181 Times in 96 Posts
Default Re: 5K to invest for 1K residual income. Options?

My advice, apart from hosting and domains, do NOT spend any money. The best thing you can do is learn for YOURSELF, FIRST. Sure, aim towards things which are outsourcable, but outsourcing things you don't understand and haven't tested yourself, is a bad idea!

Having done IM for years, I can definitely say that methods I've found for FREE, work MUCH better than methods I've paid for, overall. Sure I've learned something from every method I've bought, but learned a lot more from free methods on this forum (here and the War Room).

Once you've got a tested method which works, then spend money on upscaling. If you are very careful, you might be able to speed up your testing process by outsourcing some of it (for example, someone else here bought some WSO's and outsourced the work of actually testing them, to me), but be extremely careful to see that while you can outsource testing, you CANNOT buy success. The ONLY way you will know if a method works, is if you have tested it in practice yourself.

Chris

P.S. Why this is the best new affiliate program for Fall 2014
Chris- is offline   Reply With Quote
Reply

  Warrior Forum - The #1 Internet Marketing Forum & Marketplace > The Warrior Forum > Main Internet Marketing Discussion Forum

Bookmarks

Tags
income, invest, options, residual

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off




All times are GMT -6. The time now is 07:38 PM.