Need guidance on how to proceed

Info Products are the best in my opinion since it's a more sustainable business model long term. If you plan to go the blogging route as a newbie, get ready for a 'steep' learning curve depending on your blogging goals - will be 100% worth it if you stay in the game.

With your initial budget, and blogging as a core strategy. It's best to make sure you are building a list, blogging with valuable content for at least a 90 day period and making sure you are automating traffic to your site with sending new people on your list back to each of your blog posts.

Depending on your niche, you can use your initial budget to get started front loading your list with strategies like solo ads etc, and using your daily blog to follow up and control your own traffic.

The key is to pick up a converting offer, and focus until you get that revenue working. Personally, I believe you have the ability to hit your personal goal in 60-90 days if you dive into communities where you can model others who are doing what you want to do.

Welcome to internet marketing my friend.

DJ,

On what basis are you choosing to go into Forex? Do you have past history and experience in that market? Do you have training or education in the field? Do you have ways of identifying your audience in terms of where they're found online and how you can reach them? Do you have ideas for information products that are lacking? Do you know where there is critical demand for knowledge and training?

If you've done some serious market research within Forex and you can answer all these questions, then you have created a road map into the market and you will understand how to position a new business to make a profit.

If you haven't done your homework already, then that is the place you need to begin.

Without understanding where the demand lies and what the audience is lacking and asking for . . . you are no better off than others in the same "saturated" space that you said were offering "garbage and low quality content."

Many newbies make the critical mistake of thinking they are going to create demand for their information product. They won't.

You have to sell into the demand that's already there. And if you don't understand that demand and know what/where it is, you will end up with nothing more than another profitless blog in a saturated market.

The choice of going into a market is critical to your success, especially if you plan to enter a very competitive market like Forex. It has limited need and call for information products. Forex trading systems are a dime a dozen. What other information products are you going to sell?

This is going to be a very tough first business for you - not impossible if you have a unique product - but I fear from your post that you have no clue what you're getting into.

Steve