If you had $500 to buy into an investment site what would it be?

11 years ago

Just "buying into" is probably not a good strategy.

Basically any business boils down to this:

1. There is a demand
2. You fulfill that demand and make more money than it costs you

Once you have found out what the demand is you can then figure out how to fulfill it.

In the WSO section you can then find products that can possibly help you with this.

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curly sue 11 years ago

invest in membership sites, eg. dating sites, training sites...recurring income is always the best
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Rbtmarshall

11 years ago

wow. that is one hell of a ROI

Good luck filling a startup to meet those requirements.

You might have to re-work your expectations first. Otherwise, The odds are you will spend that 500 chasing illusions.

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hardworkpaysoff13

11 years ago

I'm brand new, so I appreciate all of your help guys! Thank you!

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napoleonfirst

11 years ago

I would get CPA coaching for $100/hour with a warrior top dog and spend the rest on ppc, media buys and ppv ads. Of course, you have to find out what is. Going on with the students of your coach before jumping in.

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hardworkpaysoff13 11 years ago

i'll look up the coaching for sure. thank you for your time!
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donhx

11 years ago

Originally Posted by hardworkpaysoff13

Hi guys,

Long time lurker time poster. I have bought many, many WSO's and I figured I'd get in on the action. I'm just getting started, and I've seen some of the "business in a box" WSO's like the hotel search engine, the website builder business, and such. So I'm curious, if you had $500 what would you "buy into" to put together some decent income (more than $3000 a month). I thank you all for your hard work, and I'm excited to pick your brains (re: annoy you with questions).

Your post is worrisome. $500 hardly buys groceries much less anything else.

The ROI of $500 at 10% is $50, not $3,000. Also, your signature is a concern. Working hard is not the answer, but working smart is.

I'm not trying to burst your balloon (honestly!), but beware. You are the prime target for those selling internet get rich quick schemes. You will lose your $500 almost immediately if you 'invest" in them.

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Paul Guilfoyle

11 years ago

I'm not sure you need $500 but knowing what I know now I would -

Learn as much as I could about

Deciding what niche to get into- One that interests you/ you are passionate about / One with a starving crowd

How to build a list-
Buy a good domain name
Buy hosting with cpanel and install wordpress
Create a blog/site
Get a quality autoresponder service. Something that will last the journey- eg Aweber
Make a good converting squeeze page
Get a compelling free offer- something of high perceived value to give away in return for an email address.
How to communicate effectively with your list to offer value which may be in the form of great content ( yours free / others free/ your product/ quality affiliate offers)

Hope this helps,
Paul

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AverageGuy

11 years ago

frankly, $500 will not help you much if you spent it on buying a website.

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salegurus

11 years ago

Originally Posted by hardworkpaysoff13

Hi guys,
Long time lurker time poster.

I wish i could add something truly revolutionary to answer your question, but this question has been answered so many times there is nothing new to add.

If you use the search button you would probably find hundreds if not thousands of answers for these "If you had $X to invest" type questions...

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Paul Guilfoyle

11 years ago

Depending on your approach $500 isn't too shabby an amount to start with but I agree its all too easy to waste if you don't know what you are doing.
I'm more inclined to say you really don't need anything like that much to start with if you do it the right way ( please see my earlier post for my thoughts on that )
The point is take action to start making some money and use the profit to reinvest in building the business. Start small and test and if it makes money go with it.
Good luck,
Paul

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Les Blythe

11 years ago

Originally Posted by hardworkpaysoff13

Hi guys,

Long time lurker time poster. I have bought many, many WSO's and I figured I'd get in on the action. I'm just getting started, and I've seen some of the "business in a box" WSO's like the hotel search engine, the website builder business, and such. So I'm curious, if you had $500 what would you "buy into" to put together some decent income (more than $3000 a month). I thank you all for your hard work, and I'm excited to pick your brains (re: annoy you with questions).

In my book - the number 1 priority is to build a list. You might need a bit more than $500 but the numbers go something like this.

Use the money to buy solo ads and your $500 will get you approx 1100 clicks. You need a squeeze page and an autoresponder (bit more expense) but you can get a free trial autoresponder for a month ($1 actually).

If your squeeze page converts at 40% - you get 440 people on your list. I would say the optimum is to get about 1000 actually - then you can start ad swapping & click banking with others with lists to build your list for no cost.

You would have a backend product that your optins buy and any money from that you can also re-invest.

That's it - VERY BASICALLY.

The trick is not to lose your investment capital with bad solo ad suppliers...

That's what I did and made a business capable of producing $100 a day in about 2 months or so ($3,000/month).

It ALL depends on how active you are and how you apply yourself (stay focused) - as with anything.

And of course there are various more advanced strategies you can develop into once you get going.

NOTE: I am saying with only $500 you're a bit under-capitilized.

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4webmaster

11 years ago

Forget about hotel search engine, affiliate programs, adsense empire....
Also be aware of some promissing $$$$ profits from all marketers.

If there is an answer to your question invest $500 = $3000/m income, everybody will want to have the recipe and everyone will be rich. Looks to good to be true. Make no sense!
While some do make $3000/m or more but not with a simple equation like yours.

I wont give you any advices for results you want above: $500=$3000/m but all logical businesses that are not hyped by marketers are good to look at like some members above suggest you (coaching, build a list...) but these are not going to give what you want!

From my experience best will be get a unique digital product (ebook guide, software, tutorials...) to sell that is in demand or solve a problem in a particular niche. You will then have to apply all marketing techniques (build list, online marketing...) to increase your sales. Great idea is the key! Don't know how to create? outsource it with part of your $500.00. While I recommend to do it yourself if you have knowledge because some outsourcers could use your great idea with adding better contents if was a ebook guide.... and sell it too which is unethical.

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Fox30 11 years ago

Recently, I had the opportunity to be in a Q&A session with Tim Ferriss (author of The 4 Hour Work Week); and I asked him almost the exact question.

My question was: If you had to start all over with $500 and no resources other than your knowledge, to test and validate an online business, which models would you consider?

He answered by telling me that a lof of people ask him that question and the truth is, there isn't an answer that would be the same for everyone. He suggested writing down your top 5 ideas and using the money to test and validate which idea would work best.

Here's my suggestion, don't spend any money on tools like domain, autoresponder, etc. You can get most tools that you may need for free. IE: free wordpress site at wordpress.com, free autoresponder at mailchimp.com.

I would use the cash you have available to test the ideas that you have. I would test them with Facebook traffic, where you'll get immediate data.

There will be a learning curve, and you'll definitely need to learn basic things, and you can get all of the information you'll need from here, the WF.

As far as your goal of making 3K per month with $500, don't even think of that. Focus on providing the most value you can to the niche that you choose and the money will come. Focusing on the money instead of the value and tasks that I needed to accomplish was one of my mistakes when I first started.

Finally, here's a book you might want to check out: The $100 Startup by Chris Guillebeau
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- moneyroom 11 years ago
  
  Until you know what to do and how to create income online, you're going to be learning.
  
  Don't "buy in" to anything. Try to learn all you can for free. There is so much good information from reputable people you can learn a lot and try some small projects to get started.
  
  I suggested learn all you can about promoting other people's affiliate products. Start building a list. Mail Chimp is free up to 2000 subs. Get a inexpensive hosting account and use WordPress to put a landing page. OptimizePress is worth the money and you can use it for unlimited sites with WordPress. Learn it and how WP works. Keep your money.
  
  Don't buy stuff you don't need until you have profits to spend.
  
  Best tip I can give you, in addition what's above, is to use YouTube to answer your questions. We have all been where you are. If you're not flush with cash, learn how to create income slowly with some good affiliate products and free traffic. There is a lot of info on YouTube from people who have a lot of answers. Beyond getting answers from Google, YouTube is like having access to a university of experts.
  
  Of course, not everyone is 100% all the time. But you'll find a lot of your answers in getting started there.
  
  I still use YouTube to seek out a solution or an answer sometimes because there are always people more passionate or smarter about some things than I am. I've been online for over 15 years, but none of us has all the answers.
  
  Good luck.
  
  Feel free to PM me if you get stuck.
  
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  If you looking for qualified people to help you reach your Internet income or business goals,
  give us a call. Ask for Mike Lamb. 480-982-0233 Mountain time in Sunny Arizona.
  
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If you had $500 to buy into an investment site what would it be?

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