Best Way to Use 20k

I'd create some software or a membership site with a killer sales page that does something really essential and powerful.

Or flip websites to lawyers. In other words, rank a website for a lawyer, then call them up and see if they want to buy it for 20 grand or so.

The best way would be this -

Step 1- Find out something which is making money and can be scaled up.
Step 2- Scale it up.
Step 3- Rinse and repeat.
Step 4- Remember it's not as easy as it sounds.

I would suggest you to try and make money without spending a single dime first. After you've found something that works, then start spending money to scale it to the level you want.

Too many marketers lose a lot of money because they spend too much on "testing" projects that don't work.

If I have that amount first I will jump for joy then set a asset plan.

1. Buy existing site

2. Create new site

3. If you like, use white label seo service to multiple that investment.

Of course you need customer service VA for your white label seo service.

Buy a membership for Private War Room, save the remainder in your bank account.

You should set a long time plan for it and go for purchase the identical websites.

That's a lot more than most IMers have to invest. To be clear, do you already know about Amazon, CPA, CJ, etc.? If so, consider buying an existing website. Check out Chris Guthrie's post on doing this the right way:

Website Bought For $4,000 Paid Back In 7 Months (Case Study Part 4)

If you don't know much about IM yet, learn something - like building AdSense niche sites - do a couple of times for yourself, then you'll know what websites to buy with your cash. You can use Flippa or just reach out to people whose sites "aren't for sale" yet.

Good luck!


-Brock

I would invest it. Pursue a partnership with one of the stars on the forum. Invest in their next launch (eg icun / martin crumlish, warriorplus, webmustang, ...)

Save it on a bank account and start experimenting with little money and lots of hard work. Once you have gained knowledge and have a solid plan invest your 20k.

I'll second what Jayson said above - do as much as possible without spending carelessly. When I started online I literally had less than $100 to invest, so much of what I did I had to figure out for myself and learn how to do a LOT of stuff, but I'm so glad I had to do it this way... Now I know how to do a lot of stuff that many people would pay others hundreds (if not thousands) to do for them...

Obviously you should invest in your IM education, so if you're new to the IM arena I'd invest in a good coach to help you hone-in on where you want to go and then possibly invest once you've got a plan and a plan-of-action.

I'd highly advise that you save as much as you can up-front... but that's just my 2 cents.

Good luck on your journey!

Paul

Find Software to create
Outsource everything
Profit

Move somewhere very inexpensive like the Philippines for a couple years. Use the money to rent an apartment on a beach and work on your websites from 10am to 2pm (when it's too hot to be out doing anything else) or when it rains. Best job you'll ever have...

I can only tell you what I would do.

1. I would... Get a coach (even if you have to beg) and make it a coach who accomplishes what you want to accomplish online and how you want to accomplish it. Make sure they're actually the real deal and not just a smooth talking BSer.

2. Spend the rest of my money on ads.

My answer would depend on how experienced you are, and if you already are making any money online.

If you are already making money with one or more sites: I would say expand your current business with your funds.

If you have no money-making sites, I would say to buy an already-existing (but small and relatively inexpensive) website that is already earning income. In this case, maybe just buy a site that is earning $100-200 a month. Then, scale the website up by spending your funds on outsourcing, which will probably be spent on content creation and perhaps some link building.

I wouldn't suggest creating a website from scratch unless you already know how to do it in a way that will end up earning an income. If you don't know how to do this, I would suggest going through a program such as Site Build It to learn how.

iPhone apps, spent the next 7 months developing an app and launch it at Christmas, MONEY!

Content creation would be something major, here. A lot of people have suggested useful investments. Just remember that you can afford the best writers with this much to invest.

When I was in my early 20's, I had a load of cash to "spend" on a business so I jumped headfirst into the cabinet shop I wanted to start.

Of course, "spending" the money was easy but succeeding at the business was really tough and after 1 year I gave up and took a job with an established wood office furniture manufacturer.

I was able to see all the areas where I went wrong in my business and it was so bad that I actually learned all I needed to know during the interview tour.

Had I taken this job before starting my business and before I spent all my money, I would have been a 100X better prepared and likely would have succeeded in my business.

So what should you do with $20K to spend?

Save it and get a job with a real internet marketing company and learn how they make money in the field of your interest.

Contribute to their success and then when you're really ready, jump out on your own. Or become so valuable to the company that they cut you in on a piece of the action and stick with them for the long term.

I have a strong feeling that many warriors cold easily land a plum job with a multitude of internet companies if they made the call and offered their services.

With your 20k, I highly suggest that you dabble with PPC/PPV. Spending around 1000-2000 will allow you to learn a lot how to do things there and it is highly possible that you can double or triple your money within the shortest amount of time.

Of course, there will be a learning curve but once you learn it, you will really be glad that you dabble in it.

Invest it in building an offline sales army.

Great. Thanks guys for all the encouragement! Do you know of any good alternatives to Flippa? I was there looking for a smallish site to buy and was underwhelmed with some of the auctions. Is there a better place to go?

best way to use 20k



















give it to me lol

I think especially in this industry, you should start small. I started pretty small with only under 1000 bucks, and spent it on seo tools and took my time to learn it through trial and error.

With 20k you can do many things, but I would advise you to have a clear understanding of what you plan to do first and at least be an expert at it.

Also, try to build a longterm business that provide a lot of value to your customer. This is one mistake many internet marketers make starting out.

For buying sites, believe it or not, ive had success buying sites from ebay auctions.

Ryan Moran of eTycoon has a thorough guide for flipping websites targeted toward beginners, and shares strategies that even pros find useful. IE as how to avoid paying tax on your flips. You really can't beat the ROI.

His eTycoon suite runs $997. Do not buy that.
His Lump Sum Profts course for flipping "virtual property" sells for $97. This is the best place to start in my opinion. I've used the software myself.

Do your own research of course, if you are convinced it's the best method for people with capital, get a $70 discount at StrategizedWealth.com

give it to me to invest in our current rehab project in chicago. we need 20k to put down on the project, ill pay the rest. purchase price is 330k, we get 100k for rehab, thats 430k, plus our 40k down, thats 470k, plus interest payments on that for 3 months is 30k, so make it 500k all in. we plan to list and sell for mid 700's to high 600's. how that for profit in 90 days? i pay you return on your 40k, usually a split of the net profits, vs a fee, you make more that way. when we make money, you make money. whose in??!!!

Take it to a poker table and only play pocket Aces and Kings and your good for at least a double up

I would suggest not posting on WF that you have 20k to spend. I can only imagine all of the spam you received from people who have the "secret". lol