5K to invest for 1K residual income. Options?

by lifeworthliving 21 replies
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!
#main internet marketing discussion forum #income #invest #options #residual
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  • Profile picture of the author HarrisonJ
    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.
  • Profile picture of the author ezmystic
    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
    • Profile picture of the author jan roos
      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.
  • Profile picture of the author lifeworthliving
    Say I start a blog, purchase 200 high quality articles. Now what? How do I monetize?
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  • Profile picture of the author lifeworthliving
    Are you saying I should just join Numis?
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  • Profile picture of the author ErikNilsson
    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.
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  • Profile picture of the author Nikolas
    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.
  • Profile picture of the author sbucciarel
    Banned
    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.
  • Profile picture of the author blaugrana
    hire some writers from odesk, guru, or freelancer to make some ebooks and sell it via kindle direct publishing
  • Profile picture of the author yoheb
    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
  • Profile picture of the author jamesrich1
    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.
    • Profile picture of the author C29662C
      Banned
      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.

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