What Do I Do With "X" Dollars?

by Corey Geer

Posted: 11 years ago 18 replies

INTERNET MARKETING

We keep seeing this question come up more and more. Questions such as "What should I do with $50?" "What should I do with $400?"

The response to all of these questions is actually very simple.

Nothing

That's right, don't do anything with $40. I'm sorry if you've been mislead and told that you would find a $40 product in the WSO section that will print money for you but you've been lied to.

Here's what you can do with a small amount though: (I know because I've been there)

Buy Ramen Noodles - They honestly aren't too bad, but they have a lot of Sodium if you only eat Ramens.
Start A Classified Ad - I don't remember the exact charge but you might gain some work and clientele out of it so it could be well worth the investment, you never know.

"I Need Money Now Though"

I had this mentality for a long time and if it's still something you have, I would honestly tell you to consider a 9-5 career with a structured pay schedule and where you're guaranteed to make money because even if you're handed a Golden Egg idea, there's no guarantees you'll make money or even be paid.

I understand where you're coming from, it really (x 10) sucks but you simply aren't going to find some solution by browsing the forums. I've tried to watch a pot until it boiled before and guess what happened? What do you think happened, nothing...

#dollars

Daniel Molano

11 years ago

That's not entirely true, there are some internet marketing products and WSOs that will teach you how to make money, some even step by step.

The real problem is that most people never take action.

They just buy a bunch of products looking for a magic switch that will make them money from thin air, only to realize that it requires effort and they never apply what is being taught in those programs.

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Corey Geer

11 years ago

Originally Posted by Daniel Molano

If $40 is all there holding onto (as I saw in a recent thread) and they're looking for some magical solution, no product is going to help them.

I'm not saying ALL of the "mmo" products are junk but it's insane to see what people think any product of real value goes for. If there truly is a hidden method to making $500 a day that someone wants to share with the forum, it's definitely not going to go for $7 or $47. You can't tell me a real and working solution to $500 a day wouldn't be worth at least a couple of days of earnings.

Anyways, the main basis is that people asking "what should I do with x amount of dollars" should just keep it to themselves and live on it or at least do the best they can with it.

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Daniel Molano

11 years ago

Originally Posted by Corey Geer

Yeah, maybe not $500 a day, but there are some that will show you how to make $50-$100 with some effort and if all they have is $40 and need money, those are always a good place to start.

When I began, the first thing I did was buy an internet marketing product to teach me the basics, it didn't show me how to become a millionaire, but it did show me that there is huge potential out there and the possible ways to take advantage of it.

I had no money at that time and I had to work my ass off after that, but it eventually paid off.

People have to start somewhere and it was that product which pointed me towards this forum and here you can find and ask everything else you need to know.

Thanks

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Daniel Evans

11 years ago

Originally Posted by Corey Geer

If there truly is a hidden method to making $500 a day that someone wants to share with the forum, it's definitely not going to go for $7 or $47. You can't tell me a real and working solution to $500 a day wouldn't be worth at least a couple of days of earnings.

People tend to say this a lot. Why?

I've said this before but I'll repeat myself to make the point again. There are working solutions which cost nothing. You can get out there with a strimmer and ask people with overgrown weeds if they want to have their gardens sorted. I told you that for free. The clincher (hypothetically) is getting out there and doing it!

Would you have paid me $1500 for that information?

Originally Posted by Corey Geer

We keep seeing this question come up more and more. Questions such as "What should I do with $50?" "What should I do with $400?"

The response to all of these questions is actually very simple.

Nothing

Buy Ramen Noodles - They honestly aren't too bad, but they have a lot of Sodium if you only eat Ramens.
Start A Classified Ad - I don't remember the exact charge but you might gain some work and clientele out of it so it could be well worth the investment, you never know.

You say that people should do "nothing" with their money but your following suggestions require money. There's no "exact charge" for classifieds because the charge differs according to where you might choose to advertise and some classified placement will certainly cost more than $40 - some being more valuable than others.

I agree that the questions people pose don't make a lot of sense. I'm just not sure that you've perfected your solution.

A sensible rule of thumb is for people to avoid deciding upon how much money they can spend, but how much money they need to spend based upon....

What they want to achieve.

When people ask the question "I've got X amount, what can I do?", then they have simply set themselves the goal of expending their money rather than aiming to attaining their goal.

Thanks
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ringer37 11 years ago

I've bought lots of wso's over the years and can honestly say I've probably stuck with 10% of them. It's tough to stay focused on one thing when it gets hard or doesn't work the first time, you just wanna move onto the next "guaranteed" thing. Eventually I found what works for me, and now I peruse wso's and other other money making guides more out of curiosity then anything.
It really is all about actually taking consistent action, emphasis on the word CONSISTENT, and ignoring the voice that says you're doing it wrong, it's not gonna work, gonna take too much time. Whether I had $40 to spend or not, I know several ways I could get back on feet quickly by simply following the plan and not deviating from it.
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Frank Donovan 11 years ago

Originally Posted by Daniel Molano

That's not entirely true, there are some internet marketing products and WSOs that will teach you how to make money, some even step by step.

Hi Daniel (welcome back, BTW),

I believe Corey is referring to the kind of mindset that is likely to be prompting those questions. Very few worthwhile businesses begin from a fixed monetary amount and no idea. It's nearly always the idea that dictates the investment.

To ask what can be done with 'x' amount suggests a desire to gamble on the chance of a quick one-off return and, in most cases, the person asking would be just as well advised to spend it at the race track.

Frank
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Alex Blades 11 years ago

I say spend those $40 in the war room, and spend a couple months there learning
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IulianP 11 years ago

I don't agree with you.

A newbie that knows nothing about internet marketing can find a good course that will not be revolutionary but it will explain him the basics and will explain him how to start.
Golden eggs, internet millionaire secrets and money overnight opportunities are just a legend because there is no such thing.

There aren't secrets, you can find anything on google and put it together to get a clear view of what you have to do but many times there will be something that you are missing and you will want to search for a course or something that will give you a clear vision on how it works.

Not just once, by browsing forums I found ideas that gave me a small advantage over my competitors, an idea that I could apply in my market and my competitors were not using.

To make money there must be an investment on information and if you don't have the money to buy the $400 courses or $5000 speeches from Dan Kennedy or other guru's, you will search something smaller, something that is in your budget that is not that great but is a starting point.
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Corey Geer 11 years ago

So, you're telling me that if someone's down to their last $40, that it would be a wise decision to purchase a cheap course to learn the basics?

Why would they need to spend $40 to learn the basics when all the basic information can be discovered in the forum?
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ysckyler 11 years ago

I also disagree. Granted you can learn all the techniques for free, but only if you take the time to go through post by post, even then if your new, you might not know which advise to follow. And gathering that amount of knowledge is time consuming, dont be so cheap, pay to get a structure course is much better than flying blind.

Go to the internet marketing product reviews section, search for a reputable product to learn IM, and take action. I personally recommend Mark Ling and any of Tim and Steve Claytons products.

I generally do not agree to ask newbie to go to WSO for starters, as right now, too many crap out there. Even worse then clickbank nowadays, yeah it cheap(sometimes not so cheap) but spending your time and resources from crap product just only frustrate newbies, and then they fall into big time scammers they promise push button 3 click or 5 clicks to be instant millionaire, after they spent their last money on big ticket items that dont work, the newbies would then cry and say IM marketers are scammers.

I am not saying WSO are all bad, just saying without experience, newbies dont know good WSO from the Bad. Reviews nowadays are taken with a pinch of salt, money loses compounded with bad product just drains you physically and emotionally.

I purchase stuff from WSO before, i only trust MAO FLYNN, the guy who sells Fresh Store Builder(cant remember his warrior nickname for some reason, apology) and a few more who seems promising.

So any newbie here who read this thread, IM is a business(means like a brick and mortar store it takes sweat, blood and effort), anyone says if your new and you can earn less than 1 week with no technical skill required, be very careful. In IM you need to learn some technical skill like how to set up a wordpress site, either through Cpanel and also FTP. These are common skills, you dont need to have an advance knowledge but still you need some.

And also, support in whatever product you purchase is essential, Fresh Store Builder, Mark Ling and also Tim & Steve Claytons have not fail me yet in this regards, they update their product regularly and also give excellent support either technical or technique.

Hope this helps whoever is new here on how to best use their limited resources.
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vCr8

11 years ago

If it was your last $40, you are right it isn't right to spend it on a WSO.. However this does not take away the fact that there are really useful wso out there and browsing forums can really give you something worth it. See when you gamble the last money you have that's the first sign of trouble, and if you believe that it will magically turn your life around that's the confirmation, that...well yep you're in for some money wasting venture. The fact that most people start with the wrong mind set does not entirely take away the value of what you can learn either from a 40 or a 400 bucks wso...if it could only be backed up with real action.

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Benjamin Ehinger

11 years ago

Originally Posted by Corey Geer

I get the point you are trying to make, but I can say, you can do a ton of good things online with $40. Heck, you can do a ton of good things online without investing a DIME!

Originally Posted by Corey Geer

Here's what you can do with a small amount though: (I know because I've been there)

Buy Ramen Noodles - They honestly aren't too bad, but they have a lot of Sodium if you only eat Ramens.

Been there, done that.....add canned pasta sauce and a little cheese for flavor....even a cheap can of tuna for some protein.

Originally Posted by Corey Geer

Start A Classified Ad - I don't remember the exact charge but you might gain some work and clientele out of it so it could be well worth the investment, you never know.

Craigslist.org is free, so why spend any money on a classified ad? I'd also recommend, if it's the LAST $40 or they need money RIGHT NOW, search the gigs section locally on Craigslist, it landed me a few great gigs when I really needed some cash.

Originally Posted by Corey Geer

"I Need Money Now Though"

I had this mentality for a long time and if it's still something you have, I would honestly tell you to consider a 9-5 career with a structured pay schedule and where you're guaranteed to make money because even if you're handed a Golden Egg idea, there's no guarantees you'll make money or even be paid.

So incredibly true and some people are simply not cut out to work for themselves or online.

Originally Posted by Corey Geer

I understand where you're coming from, it really (x 10) sucks but you simply aren't going to find some solution by browsing the forums. I've tried to watch a pot until it boiled before and guess what happened? What do you think happened, nothing...

You mean it didn't eventually boil? Did you forget to turn on the burner?

Originally Posted by Daniel Molano

That's not entirely true, there are some internet marketing products and WSOs that will teach you how to make money, some even step by step.

The real problem is that most people never take action.

ABSOLUTELY TRUE! Beginners often never actually begin.

Originally Posted by Daniel Molano

They just buy a bunch of products looking for a magic switch that will make them money from thin air, only to realize that it requires effort and they never apply what is being taught in those programs.

Marketers are to blame too with their outlandish promises, but yes, many beginners are just looking for an overnight solution......If this is the case, spend the $40 on lottery tickets and hope.

Originally Posted by Alex Blades

I say spend those $40 in the war room, and spend a couple months there learning

Not a bad idea....to add to it.....Choose one strategy, guide or method and work with it until you master it. Even if it doesn't produce much cash, you are getting an education. Trying to learn it all or searching for that golden secret won't lead to success. TAKE ACTION with one strategy, master it, and then move onto the next.

Originally Posted by Corey Geer

You know they start those threads to promote their signature in many cases because they are popular threads. I get your point, but I can say after a dozen years in the industry, I've found incredibly valuable guides without paying a penny for them.

Yes, if you want someone to hold your hand through the process, you need to spend more than $40 and many expensive guides are incredible, but I've found great strategies in short free guides, too.

My advice to beginners, choose free or cheap guide that only gives you one strategy. This will help keep from overloading you. Corey is right, you're not going to spend $40 on some magical guide that acts like an ATM. However, if you pick a cheap or free guide with one strategy, master it and use that $40 for a domain and hosting, you can recoup your investment plus more.

Originally Posted by IulianP

I don't agree with you.

A newbie that knows nothing about internet marketing can find a good course that will not be revolutionary but it will explain him the basics and will explain him how to start.
Golden eggs, internet millionaire secrets and money overnight opportunities are just a legend because there is no such thing.

Very true, unless you get incredibly lucky or win the online UK lottery.

Originally Posted by IulianP

There aren't secrets, you can find anything on google and put it together to get a clear view of what you have to do but many times there will be something that you are missing and you will want to search for a course or something that will give you a clear vision on how it works.

Not just once, by browsing forums I found ideas that gave me a small advantage over my competitors, an idea that I could apply in my market and my competitors were not using.

To make money there must be an investment on information and if you don't have the money to buy the $400 courses or $5000 speeches from Dan Kennedy or other guru's, you will search something smaller, something that is in your budget that is not that great but is a starting point.

You hit the nail on the head. You can find nearly any information free of charge online. Buying a guide just saves you research time and puts it all together for you in a nice little package. Think of online marketing guides as textbooks for college classes.....they are an investment in knowledge, which is priceless.

Originally Posted by Corey Geer

So, you're telling me that if someone's down to their last $40, that it would be a wise decision to purchase a cheap course to learn the basics?

Why would they need to spend $40 to learn the basics when all the basic information can be discovered in the forum?

Exactly, it's out there free of charge and the $40 is better spent on cheap hosting, a domain and a box of ramen with pasta sauce and tuna.

Originally Posted by Daniel Molano

You just stated you had to "work your ass off", this is where most beginners stop and refuse to move forward. I remember starting with a 100% free guide from Travis Sago on Bum Marketing, way back at the beginning. I, also, had to work my ASS off to get to where I am now, but it was worth it. Nothing like working from home without some idiot boss looking over my shoulder because he doesn't understand my job, but still makes three times my salary.

BTW, I still have a little bit of my ass left

Originally Posted by Frank Donovan

Hi Daniel (welcome back, BTW),

I believe Corey is referring to the kind of mindset that is likely to be prompting those questions. Very few worthwhile businesses begin from a fixed monetary amount and no idea. It's nearly always the idea that dictates the investment.

To ask what can be done with 'x' amount suggests a desire to gamble on the chance of a quick one-off return and, in most cases, the person asking would be just as well advised to spend it at the race track.

Frank

Yep......and again, I suggest the lottery if you're in a gambling mood:p

Originally Posted by vCr8

There's that dirty word newbies hate......ACTION. If you are a beginner or just a browser of the forum that hasn't begun yet, you should key on one specific statement/word throughout this post and many others......

TAKE ACTION, TAKE ACTION, TAKE ACTION, TAKE ACTION!!!!!

Guess how much any $40, $400 or even free guide on internet marketing will make you without action......NOT A PENNY!

The GOLDEN SECRET you want to spend your last $40 on, is FREE......TAKE ACTION!

Man, I think I just made that $40 investment much easier and allowed someone out there to buy a month's supply of Ramen.

Thank you WF for all the knowledge you've given me and Thank you to all those when I first started telling me I needed to TAKE ACTION!!!!

Benjamin Ehinger

Thanks
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Dan C. Rinnert

11 years ago

Perhaps the best thing to do for people who post such questions is to steer them to this thread:

http://www.warriorforum.com/main-int...desperate.html

Plenty of ideas in there, many of which do not require spending their last dime to get started.

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Anonymous Affiliate

11 years ago

Originally Posted by Dan C. Rinnert

I agree. Trying to give a meaninful solid answer to someone asking such broad question is simply pointless. Perhaps it is best to default them to that thread and let them take their decision.

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ElaineBedfordd 11 years ago

If you have only $40 of disposable income and you are older than 12, then you are in serious trouble. I would say work your butt of until you save a few thousand $$$ at least and then you can look around for investments or income generating opportunities
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Zabrina 11 years ago

Hmm... it's hard to give generic advice. Some people are in need of a mindset shift to allow them to fulfill their potential. Some people are driven but need a method. Some people need to never buy anything again until they earn money, because they already know enough.

In general, I try to discourage people from spending money on online business products which they haven't earned through online business. It might be slow starting, but you can earn enough through free methods to generate enough to get a domain name, and so on. This stops you from bankrupting yourself while trying to make online business work, and teaches you to make money fast and distinguish good WSOs and offers from spammy ones.

There are a few products I'd recommend to most people, though. Something like the 5 Bucks a Day guide (by Dennis Becker) can be tremendously valuable for anyone, because it teaches you a similar mindset to what I just preached: starting by making small, consistent income figures and building up several streams to create an income.

However, most of the time, I steer newbies away from buying products about individual methods. This mindset of, "It's a new method! Maybe this one will work!" can contribute to shiny object syndrome.

In summary: if the $40 was earned online through blood, sweat, and tears, who are we to give advice on where they should spend it online? If it's the last of their payday money from their traditional job, I try to advise against using it on online business.
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Anonymous Affiliate

11 years ago

I agree with the original poster, and here's why:

The key point here is NOT whether to spend money in your IM education and IM career is a good idea or not...

The key point here is NOT whether the systems disclosed by a $40 WSO can make you money or not...

The key point here is that someone coming to a public forum and asking "I want to make money online, what should I invest my $40 into?", is someone who has no plan, no vision and all-in-all a very distorted idea of what making money online actually takes. He's looking for a $40 magic button that will somehow double his money... somehow... not sure how, but he doesn't really care...

To sum it up: someone asking "what do I do with my $40" is someone who's most likely going to lose that investment, just like when my auntie Margaret tossed $50,000 randomly into the stock market last year. Guess what? it was a bad idea... as it was to be expected: no vision, no education, no plan and no real attempt to truly know what you're getting into usually ends in losing your money.

So I agree with the original poster: you're better off to take your girlfriend to a ramen or sushi dinner with your $40. At least you're belly will be full and you might get lucky later on the evening. Chances are that it's more return on your money than tossing your $40 randomly into the WSO forum... ask my auntie Margaret if you don't believe me!

Thanks
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Benjamin Ehinger

11 years ago

Originally Posted by ringer37

I've bought lots of wso's over the years and can honestly say I've probably stuck with 10% of them. It's tough to stay focused on one thing when it gets hard or doesn't work the first time, you just wanna move onto the next "guaranteed" thing. Eventually I found what works for me, and now I peruse wso's and other other money making guides more out of curiosity then anything.
It really is all about actually taking consistent action, emphasis on the word CONSISTENT, and ignoring the voice that says you're doing it wrong, it's not gonna work, gonna take too much time. Whether I had $40 to spend or not, I know several ways I could get back on feet quickly by simply following the plan and not deviating from it.

Ahhhh yes that other difficult word for beginners CONSISTENT......Even if it's an hour a week, consistently working your plan is the only way to get to the end of it.

Originally Posted by Anonymous Affiliate

I agree, however, I also stated why these threads keep popping up. They are popular and usually it's a way to promote something. The biggest problem with these types of threads, whether $40 or $40,000, the advice will vary.

As soon as one of these threads goes up, we all jump in and give our opinion. However, what worked for you might not be the strategy working for me. This gives the OP a large amount of choices and can get very confusing, especially if they are a beginner or have yet to begin (lack of action taken, consistently

).

My advice will stay the same and I've posted to those thread before. If you haven't started and you want to invest any amount of money, whether your last dollars or just an amount you can afford to invest, start with something free. Invest in a domain name and hosting, learn a marketing strategy, master it and move onto another one. Find out what works for you, and then make your investment.

It's much easier to invest any amount of money after tracking efforts and understanding the method you plan to invest in. For example, I started with bum marketing (article marketing the old way) and once I started making some money, I started outsourcing some of the writing, bought tools to help with submissions and invested money into a method already working for me.

Just as your Auntie Margaret should have tested the market with a little bit of cash or trusted a proven professional to help invest her money, new and veteran marketers should trust what works for them.

Benjamin Ehinger

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