I have $11,842. What is the best investment for this money

If I were you, I would bought a website that is already generating revenue.

You can also invest in solo ads and build a list.

There are many options.

First, be very hesitant to buy anything except traffic.

I would personally work on building a very nice email funnel.

Make the funnel promote high end products and low end products.

If you have time? Build your own product.

Have your low end product on the front end of the funnel, and then sell high ticket products on the back end.

Once you have a nice funnel in place?

Drive lots of traffic.

Avoid the MLM and Network Marketing stuff. (You CAN integrate that into a funnel... But I think you'd be better off being different and unique).

To summarize: Build a funnel. And drive traffic. Get as many people in your funnel as possible. Then track results.



Work on improving your funnel.

If you have the bandwidth? Create your own high-ticket products.

I wouldn't jump right in to investing it all I've made that mistake many times. I would definitely work on your own product or outsource to get a product made for you then list build, and get traffic etc around your product.

Put your money away. You don't need anywhere near that kind of money to get started.

And you shouldn't spend ANY money until you know what kind of online business you want to start (which it sounds like you don't).

Having no idea what you want to sell or WHO you're going to sell it to is BAD. Never go after a market based strictly on potential revenue.

You need to know a lot more before you can hope to make money online.

Clarity is a HUGE part of IM success. I hope this post brings some clarity. It's so simple when you know it -- and darn difficult when you don't! I owe my mentors a world of thanks for bringing this clarity.

IM is actually pretty simple: you can sell only one of two things:

1. Products
2. Services

That's it!

And selling products or services online happens in the same basic way for everyone, no matter what they're selling:

Traffic > Opt-in page > Autoresponder series (or e-zine) > Sales page

That's it! It's just that simple. (We IMers tend to overcomplicate things.)

But no matter what your niche is, or whether you're selling a product or a service, do you know what your business model is?

A business model is the framework or skeleton of your business. Essentially there are three types of online business models:

1. Membership-based model

A membership-based business model allows you to build a community of people (your members) who are as passionate about your subject as you are. Your membership fees can be monthly or annual, but either way, you're building recurring, passive income.

There are a lot of resources and information out there to help you build a membership-based business if you're interested in doing this.

2. Product-based model

Selling products allows you to maximize your time and effort by selling items over and over again. This can be hard goods or it can be information products. Information marketing is it's own business model under the product-based model. Information marketing allows you to take your brain to the bank by creating a product ONCE based on what you know and selling it over and over again.

Affiliate marketing falls under both models. You can choose to market either products or services as an affiliate.

3. Service-based model

Selling services can be great for 1) generating quick cash (as in the case of article writing or video producing) and 2) establishing your expertise and getting testimonials.

However, in the long run, your goal should be to offer services at a PREMIUM. The biggest advantage of IM is LEVERAGE. You're able to leverage your time, money and expertise exponentially online. We all have just 24 hours each day. Time to get ruthless about what you expect for those hours you spend in IM each day. Expect more of yourself and more from your business friends, clients, partners, etc.

What results are you getting for those hours you spend online each day? Ultimately, your services should be at the bottom of your funnel and cost the most since they involve your time and personal attention. (We all have a limited amount of time each day.)

The fun (and confusion) comes in with all of the endless mix-and-match possibilities of the above models. If you're just starting or still struggling to make money, keep it simple:

Pick just ONE!

1. Pick ONE niche. (Something you're interested in and know something about.)

2. Pick ONE target market for your product or service. (Who will buy what you're offering? The more specific you are, the more you narrow it down, the more successful you'll be.)

3. Pick ONE business model.

Now that you're clear about what business you're in, FOCUS! (And stop buying any info not related to your niche and target market, period!)

F -- Follow
O -- One
C -- Course
U -- Until
S -- Successful

And remember: build a list, Build a List, BUILD A LIST!

In IM, it's easy to put the cart before the horse. Take a deep breath, step back and consider what type of business you REALLY want. Don't worry about getting traffic or buying that expensive traffic product until you know 1) what your business model is, 2) what niche you're in and 3) WHO your target market is!

Successful business people will tell you that MARKETING is more than half the effort that's needed for success anyway. So pick a niche, target market and business model. Then spend most of your time and effort marketing it.

If you DON'T have a solid plan or system, THAT'S when it's hard. A good system will shave YEARS (and save you big $$$) off of your learning curve

That's why I recommend investing in at least one good, comprehensive IM course (or mentor who will give you such a system) instead of jumping from one $37 e-book to the next. A lot of people here complain about not being able to make any money. But neither are they willing to invest in their business. (Buying a random bunch of $37 e-books doesn't count.)

The best thing I ever did was invest in a comprehensive IM course aimed at REAL business owners, not just other IM wannabes. Yes it was $1500. (It's no longer available.) But it was truly some of the best A-Z IM info I ever bought. Everything else I've learned (from the $37 e-books) since has simply been plugged into this system.

Get a solid plan or system and then work the plan!

Hope this helps!

Michelle

I would invest $800 bucks in getting some campaigns going on FB in the dating niche and see which one converts better.
That's how I got started.

I totally agree with this excellent advice:

Traffic > Opt-in page > Autoresponder series (or e-zine) > Sales page

Just use small amounts of Paid Traffic and start testing your funnel. That's an enormous amount of capital you have to test. Experiment!

What is FB in dating?? I'm a newbie lol!

Here's the challenge. $11k isn't a whole lot of money to create a business from. It'd be really easy to burn through that with some misguided advice and get little in return. Heck, testing alone could burn through that and leave you dimeless. The phrase knowledge is power is apt. The knowledge/wisdom part that your missing is far more valuable than your small cash pile.

Run the same campaign I'm running hit me up in a PM I'll hook it up. I'm slamming out 150%+ conversions in diet.

Test small with different advertising venues, and scale things up budget wise when you observe the sites that are giving you the best results. Paid advertising is fast, and quite honestly.... you could only work 20-30 minutes a day, and make $5,000+ a month (profit) using paid advertising alone.

Keep it build a WP blog and build it slowly.

i really think you should think about exchange those money to goldbars and then make a business with KB International... then you have your business AND your money

$10,000 Could make you win in any niche. You only need about 7k to rank 10 keywords on first page on Google with high competition keywords. 3k could be invested in creating high quality content, and high quality website design.

So basically you have to choose between pyramid schemes and low priced WSO offers. I'm not sure pouring over $10,000 into either of these is the brightest idea.

Investigate mentoring, this is the ONLY way to get some results going..

Igor

Hire the best website developer you can. That will eat up most of that cash. Whatever is leftover spend on advertising.

When I started in lead generation my best move was when I opened a credit card with £5k limit and invested everything in adwords and bing. I got about 100% ROI and invested everything again. There are products, where you can get lots of traffic and make earnings from the beginning.
Any questions, just let me know!

Create some cheap WSO (up to $7)... some report or similar. Gather some of the leads from there. Your investment will be returned - for SURE!
Set up your website, and make it really nice with graphics, and make it look professional (I used fiverr gigs for that). Add some content, hire a freelancers to make a great content on the site.
Create a Facebook fan page, and set up a campaign and spend there 5$ daily on ads. Gather more leads from there, and fans. In the process you'll see what's working, and what's not working.

DO NOT buy solo ads... you will rarely have some results with it (it is not what it used to be).
DO NOT be silly and spend money on dragging every kind of traffic to your site. Build that slowly. Do not over optimize it, and do not buy gigs for it! keep it clean for 2, 3 months, because Google will easily deindex it.
Make a videos (or buy it on fiverr), buy some HR views, and likes. Target long tail KW with smaller competition, and when it reaches #1 page of YT or Google, you'll get some visitors to your page from there (create a long... 500+ description with KW LSI and link to your webpage that you can track)

You have enough money to slowly create a long term business (even if you spend half of the money making stupid mistakes).

Do not chase quick money, and make some stabile business.

And, of course... FOCUS!!!
If you need more info... PM me

Hope I was helpfull

Put all but $50 in the bank. Find a niche - build a website - build a list - monetize. Don't blow your $!!

Pay for a good web design, content, and get a good website rolling, throw up some good products and start paying for traffic.

Then sit back and tweak your traffic sources until you are profitable.

Then take a look at hiring an SEO firm and grow your traffic and profits.

Don't know what else to do after that except do it again and again.