What would you do with $2464.00 if it was just handed to you?

[Kevin Marshall]

I ask this question because I got a check in the mail today for $2464.00! I didn't do anything to get this money. It was basically handed to me by my previous employer who fired me for not meeting a sales quota. The union got involved, and even though I didn't ask for anything, I got this check.

Anyways, I am trying to decide what to do with this money. I could pay off some debt, or I could invest it into my IM business. I have a feeling I could make a killing on IM if I invest this money wisely. Sure, I could pay off some debt, but why should I do this if I could turn this $2464 into $4928 and then turn this into $9856 and then turn this into $19712...you get the idea.

I'm not sure I know enough about IM to invest this money wisely. So far, I have been writing articles, and I have sold a few books from a Clickbank promotion. I also have made a small income with Adsense and I am just launching my first website. I am actively promoting a few Amazon products. I thought about PPC. I know I could lose a fortune here, so I need to be careful with this money. If you just got a random check for $2464, and decided to invest this money into your IM business, what would you do with it? Guess I better get ready for the latest WSO pitch...

I

[Matt Jutras]

Originally Posted by kevinmarshall80

Anyways, I am trying to decide what to do with this money. I could pay off some debt, or I could invest it into my IM business. I have a feeling I could make a killing on IM if I invest this money wisely. Sure, I could pay off some debt, but why should I do this if I could turn this $2464 into $4928 and then turn this into $9856 and then turn this into $19712...you get the idea.

Red flag! You have a "feeling" you could make a killing on IM?

Never ever ever make a money decision based on a "feeling".

Look at it this way, if you're paying 10% interest on your debt, paying it off is an instant 10% gain on your money.

If you blow it on IM, and end up losing it (high probablity if you lack experience)...then you totally flushed it all down the crapper and STILL have that debt on your back.

I'm not sure I know enough about IM to invest this money wisely.

If you're not sure, then you don't. So pay off the debt FIRST.

In the meantime, there are plenty of free ways to get your feet wet in IM before having to invest money like that.

Best of luck.

[Kevin Marshall]

Fortunately I don't make decisions based on feelings!

[Johnathan]

Well...

Its a pretty broad question, and there are a number of different ways you could reinvest the money, but you need to do the research/work to make sure you'll see a return.

If you are asking someone to just 'tell' you what to do with it... Well, I'm not sure anyone would do that. If you are looking for a 'quick' turnaround, ideas included CPA/PPC ads, site flipping, etc -- but again, you need to have some experience in those areas first.

I'd say: a) Pick out a few WSO's, and/or resources (software, websites, etc) that you think would be useful. Buy them, read them and use them. Maybe spend $500 max (if you are treating it as 'free' money). Take another $500, go out for dinner with your wife/girlfriend/whatever, and enjoy yourself. Then take the other $1500 and use it to pay off any debt (which actually you really shouldn't have in the first place :P shows you need to manage your money better :P, that is, if the debt is not being used for income generation, etc).

Anyways, that would be an excellent use of your money. Oh, and yes, a 10% ($250) consulting fee for my advice!

[Kevin Marshall]

Originally Posted by Johnathan

Well...

Its a pretty broad question, and there are a number of different ways you could reinvest the money, but you need to do the research/work to make sure you'll see a return.

If you are asking someone to just 'tell' you what to do with it... Well, I'm not sure anyone would do that. If you are looking for a 'quick' turnaround, ideas included CPA/PPC ads, site flipping, etc -- but again, you need to have some experience in those areas first.

I'd say: a) Pick out a few WSO's, and/or resources (software, websites, etc) that you think would be useful. Buy them, read them and use them. Maybe spend $500 max (if you are treating it as 'free' money). Take another $500, go out for dinner with your wife/girlfriend/whatever, and enjoy yourself. Then take the other $1500 and use it to pay off any debt (which actually you really shouldn't have in the first place :P shows you need to manage your money better :P, that is, if the debt is not being used for income generation, etc).

Anyways, that would be an excellent use of your money. Oh, and yes, a 10% ($250) consulting fee for my advice!

Actually, it is my wife's debt! I married into it! I knew about it before we got married a year and a half ago, but part of the reason I started IM was to help her get the debt paid off!

[Nick Brighton]

A Career in IM will likely see you spend waaaaay over $2k in ONGOING education, so my advice is don't throw it all into the flavour of the month.

If you're certain you want to invest it into business related things, here's what I'd personally do if I had to start again...

1. Buy a couple of copywriting guides & books from the greats (Fortin, Collier, Kennedy)

2. Buy a resource which shows you how to find lucrative markets

3. Buy some reliable hosting and a single domain

4. Work on getting free traffic, then if you make a profit after applying everything you've learnt from your "starter" material, then reinvest your profits into carefully managed, small scale paid advertising.

5. If you make a profit from paid advertising, use some of the profits to reinvest into outsourcing free traffic generation.

6. Sit back, 6 months later...and congratulate yourself. Because if all goes to plan, you've just created your 1st self sustaining, income generating business which is now 97.9% hands free.

7. After a few weeks recharging, repeat the process 10 x faster.

(Return to step 1)

[tmdassc]

Hmmmm, I would pay off or pay down my debts as much as possible because the less you have going out, the less you need to worry about what you immediately have coming in.

This also allows you to have more to invest in yourself and business without the extras of interest and/or penalties. As far as business investment, go with what is proven to work and don't keep grabbing at the so called next best thing every time they come along. Go with the slow but sure and keep on reinvesting in that one thing until you reach a satisfactory level of income to risk on flash in the pot ideas and schemes.

It appears to me that you already know what will and is working for you, so I'm not going to try to point you into any other particular direction.

I do wish you good fortune and health for you and yours in your decision.

[Srikanth D]

Use the money to pay of the debts. That will clear your mind. You will free to learn IM then without having to worry about anything. To be very honest, you wouldn't need anything more than $100 or so to start up. That is the upper limit I am saying..

But if you are a guy who would spend $ to get information rather than search for it, then save some $200-$300 for IM and use the remaining to pay your debts off. IM has a learning curve. More often than not, you will be losing initially before hitting it right. Like learning to ride a bicycle. Few get it right on the first go. But not all.. So you use the $2k for paying of the debts and reduce some burden of you.

The remaining should be enough to get you started. Honestly there are so much Free information available. Picck them up!

[Michael J Ottman]

It's easy for me. I would pay a mentor for their best training and align myself with them. Here is an example.

I paid $497 to Alex Jeffreys for his coaching program. He taught me some amazing stuff by the way!

Alex was taught by Mike Filsaime, Rich Schefren, and others.

I use Alex as my mentor and he uses me as his success story. I then am aligned with Mike Filsaime and Rich Schefren because Alex was taught by them.

Two weeks ago I went to Las Vegas and hung out with Alex and Mike. Once there I met Mikes business partner, Omar Martin who just launched Internet Selling For Newbies along with Mike Filsaime.

I hung out at the bar with Omar and he asked me to do a testimonial video for him after I checked out his product. Now I'm on the main sales page and am aligned with Omar Martin and Mike Filsaime.

Goes to show how investing in a mentor works and being sociable at live events will get you places. Mike Filsaime has had more success by meeting people at live events then any online venture he had ever done.

I plan on using this wisdom to my advantage so spend the money on the best marketing guru that you trust for personal coaching.

Michael J Ottman

[Kevin Marshall]

Originally Posted by Michael J Ottman

It's easy for me. I would pay a mentor for their best training and align myself with them. Here is an example.

I paid $497 to Alex Jeffreys for his coaching program. He taught me some amazing stuff by the way!

Alex was taught by Mike Filsaime, Rich Schefren, and others.

I use Alex as my mentor and he uses me as his success story. I then am aligned with Mike Filsaime and Rich Schefren because Alex was taught by them.

Two weeks ago I went to Las Vegas and hung out with Alex and Mike. Once there I met Mikes business partner, Omar Martin who just launched Internet Selling For Newbies along with Mike Filsaime.

I hung out at the bar with Omar and he asked me to do a testimonial video for him after I checked out his product. Now I'm on the main sales page and am aligned with Omar Martin and Mike Filsaime.

Goes to show how investing in a mentor works and being sociable at live events will get you places. Mike Filsaime has had more success by meeting people at live events then any online venture he had ever done.

I plan on using this wisdom to my advantage so spend the money on the best marketing guru that you trust for personal coaching.

Michael J Ottman

Thank you for sharing your valuable information! Another warrior here just recently shared with me about his success with Alex Jeffreys training program. I'm not sure if I have enough time during the week to invest in a serious IM course like this, but this may be what I need to do to make the leap to full-time Internet Marketing!

[Chuck Burke]

First...Deposit the check, wait until it clears. (CYO)
Now, chill and decide.

[Kevin Marshall]

Originally Posted by Chuck Burke

First...Deposit the check, wait until it clears. (CYO)
Now, chill and decide.

Yeah I am sure I will wait and pray and take a couple weeks to decide what I am going to do before taking any action with this money.

[garyv]

I'd give my butler a few hours off.

[Dan C. Rinnert]

Originally Posted by kevinmarshall80

II could pay off some debt, or I could invest it into my IM business.

I'm not sure I know enough about IM to invest this money wisely.

I think you've answered your own question. Pay off debt.

[discrat]

Use it for outsourcing Articles, Backlink Services, Blog Posts etc..etc.. That will be your best investment !!

[Kevin Marshall]

Originally Posted by discrat

Use it for outsourcing Articles, Backlink Services, Blog Posts etc..etc.. That will be your best investment !!

Another great idea! Thank you. Time for bed here, but I'll be checking this thread when I wake up in six hours!

I would invest $1,500 into a proven product that I know for a fact can, will, and has generated $thousands$ every single month almost on auto-pilot.

To help market the new product

$47.00 to MyArticleNetwork
$127.00 to SENuke
$490.00 to writers (unique content / unique articles)
$60.00 to WSO (reserve $40 for 2 bumps)
$200.00 to PPC
$7.00 For This WSO by Tommie that Will Teach You What to Do to Repurpose your unique articles

$33.00 to the homeless down the road that could use a good meal

There you go $2464.00 which I would turn into several thousands every month...

James

[JohnMcCabe]

If you want to hit the jackpot based on a feeling, take $10 of your windfall. Go down to the closest convenience store and buy Powerball tickets. If the feeling is right, you become a millionaire overnight.

Other than that, keep in mind that you don't have to invest the whole wad at once. Stick it in a bank account you have to jump through some hoops to get money out of.

As you grow and learn, tap the cash over time. I can tell you from experience, if you apply yourself, the decisions you make in 6 months will be greatly different from the ones you would make now...

[Les Blackwell]

Invest some of it in your business but, pay off your debt's first.
Then next year buy a new computer.

[Diana Lane]

Originally Posted by Johnathan

I'd say: a) Pick out a few WSO's, and/or resources (software, websites, etc) that you think would be useful. Buy them, read them and use them.

Spending the money on resources I think might be useful would be the last thing I'd do. Buy the things your business needs as and when it's evident that it does. If you can't justify the expense of these purchases before you make them, then the money would be better off earning interest for you somewhere until you can.

Even though it might be regarded as free money, you can't predict what's around the next corner, and you're just as likely to encounter an expense you did nothing to deserve as you are to encounter a windfall you did nothing to gain.

Alternatively, I'd spend half of it on beer, and then I'd probably just waste the rest

[Sipboy3000]

Originally Posted by TheRichJerksNet

$7.00 For This WSO by Tommie that Will Teach You What to Do to Repurpose your unique articles

James

Thanks James!

What I would do is find a mentor that is proven in this business and have them teach you or show you step by step a simple system that can generate results so you can see that it can work.

This will be a confidence booster and will spark you to take even more action.

I underestimated this for a long time thinking that people is just out to take my money. However, there are plenty of honest people that will mentor you and guide you in the right direction if you know where to find them. There are plenty of them right here on this forum.

Taking action is the main thing you should do because even if you screw up, you will learn something.

Having a mentor will help you overcome simple obstacles that may be hard for you when you don't know what you are doing.

Taking action and being successful will breed the confidence you need to stick it out for the long haul.

It about building a business.

[Sam Rodrigo]

Originally Posted by kevinmarshall80

Anyways, I am trying to decide what to do with this money. I could pay off some debt, or I could invest it into my IM business. I have a feeling I could make a killing on IM if I invest this money wisely. Sure, I could pay off some debt, but why should I do this if I could turn this $2464 into $4928 and then turn this into $9856 and then turn this into $19712...you get the idea.

I

Hi,
You've just highlighted THE IDEA that gets people in a whole lot of trouble.
Especially, when they borrow the money...

Since you have it, I'd look to more realistic directions.

Personally, I'd put $64 to IM... Get started with article marketing and some local Clients.

Then at the end of the summer I'd pick up some 'in the money' AAPL CALL options that expire in JAN10 with the rest.

Your local work will pay your bills. The online work will help you learn and know what to do for your Clients. The options --well, that's what I do. I don't provide investment advice.

Sam

[Michael Motley]

* Cash it all into 1's
* spread evenly on the bed
* strip to my underwear
* pour honey all over my body
* roll through the money
* head to the closest local strip club.


but thats just me.

[AllHailJeff]

Most importantly, debts first.
I only try to buy WSO's that have a HUGE list of more-than-great testimonials in the replies/posts.

Originally Posted by Sophia Elise

You do not need $2000 to become a money maker. If you can't make any money with $50 then you cannot make any money with $2000. Do as I suggest to you and allow yourself only $50 to start with. A real business man will find a way to make that work. A fool will waste the $2000 when he does not already know how to make the money from nothing.

Sophia Elise

This greatly depends upon what you are doing.. I would much rather build a recurring income for my family vs just paying off some bills that could wait... By building the recurring income you then pay off the debts and have a monthly income both.

Sure you could start an affiliate review site and etc to earn income but to me that is not a business. All you are doing is making someone else rich. Creating your own products that are very much in demand and selling from your own site, that is a business.. And you do not make anyone else rich..

Just a point to ponder...

James

Originally Posted by AllHailJeff

I only try to buy WSO's that have a HUGE list of more-than-great testimonials in the replies/posts.

I would not sell myself so short, you are missing some great WSO's with that thinking.. Not everybody will post feedback on a WSO because some people do not want others to know what they are doing, what system they are using, and etc...

Take Tommie' WSO I posted above, $7 is a great investment especially when you can spend just a few hours and increase your traffic by 20% such as I did... $7 is nothing, made that back + 10 fold just by taking action and spending a few days doing what he describes in his digital report..

I still get traffic from those few days I spent ...

James

[CDawson]

Depending on what you want to do, it does not cost that much to contribute to IM, I would invest in some good hosting and maybe purchase a few domains that you know you would be using in the future.

Originally Posted by Sophia Elise

Dear Mr. James,

First, Sophia Elise says nothing about affiliate programs. Second, most people and you must know this will not pay off the debt and they will put the money into pure speculations that also do not make any money. The costs of carrying debt are high and it is always easy to say "I pay it tomorrow" because that is what debt holders know most people will do and that is why they are always broken and poor. If he debt has no cost then it can be put off but how many debts have no costs? Unless this young man KNOWS how to MAKE money then it does not matter if he has $50 or if he has $50,000 he will lose all his money and then still have the debts to pay. Do what is right first and that means to take care of your cash flow. Money is not the answer to making money and Sophia Elise is the proof of that for everyone. I start with nothing and now I have great prosperity.

Respectfully, Sophia Elise

Hey Sophia,
Yeah did not mean to imply you said anything about affiliate programs, sorry .. I was just making a statement.. I agree if you do not know how then any amount of money is not going to matter.

You must have done your research, created your plan of attack, and etc before even spending one dime.

I know how to make money so my post I based on what "I" would do...

James

[freakonaleash]

go on vacation man. there are hundreds of ways to spent the money

Originally Posted by freakonaleash

go on vacation man. there are hundreds of ways to spent the money

There are a million ways to waste money, yep!!

Build your business first, then your business takes care of your bills and any extra stuff like vacations..

James

[RCGurus]

I like to invest my money. Not like a little kid in candy. Thats investing for future cavities lol. But putting it towards something that will make me even more money. Like a big cylcle just repeating itself.

[kennedyhouse]

I would pay off debt. When you pay off debt, you free up your regular income that is currently going into that debt. You also free up future money that you're saving by not paying interest on the debt.

Debt free is the way to live!

[Pete Egeler]

Put another $500-$1000 with it, buy yourself a Hot Dog cart, and go out and start making $300-$500 a day. (In the right area, you could pull down over a grand a day.)

Not hard work, and is a doable $90K + a year business.

Pete

[TheGodfather]

Originally Posted by Matt Jutras

If you're not sure, then you don't. So pay off the debt FIRST.

I'm no financial expert but I can say this: if you focus on debt then you'll sink into more debt.

If I were you, I'd use some of that money and pay of the debt in part, (depending on how big your debt is) and use the rest wisely perhaps use it to invest into something that is sure as hell to give you some return.

Or you can try your self in some Bum marketing strategies and try to make some money that way, and if you get the hang of it then slowly reinvest some money and do your best to get a good return from it.

just my ¢2... but like I said, I'm no financial adviser...

[kf]

If you can pay out all the debt with the 2464, pay out the debt.

Otherwise:
- 1/3 debt paydown
- 1/3 emergency/saving account
- 1/3 business start-up and put this away until you are sure which business model you want to pursue and then buy things that will support you in that

Gotta love the unions.

[Saul']

Give it away to the first guy named Saul you meet on the forums.

Seriously though, most things I had in mind have been mentioned. I'd particularly second education and/or outsourcing. But you need a plan. You can waste the money on this and that and still stay in square on. Develop a business plan first then invest in anything that you need to fulfill it.

[Swastik]

Well, you asked What I'd do. My condition is a whole lot different from yours, I've no debt, am a student so don't need to spend that much. Hence, a significant part of that money would go into starting a membership site and getting it off the ground.

Depending on your debt, I'd advice you to pay it off. Continue writing articles and submit them to your own sites, get them ranked, earn that much from Internet Marketing itself before investing back. Zero debt would mean more freedom of mind for you and that'll lead to better work. So, I'd do that first.

:-)

[danyray]

From your question in this forum, it seems quite obvious to me that you want to invest some of this money into building your IM business. The question is of course in where and how. My observation from reading many posts and different forums, buying several great ebooks and proven programs is as follows:
For a newbie the amount of options and information in this WF alone is way overwhelming to almost anyone. You probably know by now that there are literally dozens of different ways to make money in IM. Every Guru will try to convince you that his way is the best, maybe it is, but as most of them are probably good and are another part of this whole giant world of IM, almost any proven method will do for the beginning with the right guidance and support. Trying to follow and do any given program alone will challenge you with very exhausting and time consuming little tasks that need to be completed before you can start making any significant money(Tasks that will take an experienced IM literally minute can take you days-believe me I went through that). Outsourcing these tasks is an option, but tends to get out of hand if you don't know already what is needed and what to ask for.
My suggestion is that finding someone to coach you and mentor you as few warriors already mentioned is the best way to go.
However there are good ones and not so good ones, by not so good ones I mean some that are geared to coach experienced people and can not give you the right fundamentals and tools you need to continue the business successfully alone. They will take your money and you will than have to chase them, I read many horror stories in this WF alone.
Some coaches charge you a small nominal fee for the time they invest in you and than share at a preset rate and for a limited time the income they help generate with you.
This way they have a built-in interest in your success and they will assure you are doing the right things.
The problem these coaches face though is that many of their students will not do their share and wait for the work to be done for them, obviously these people fail and the coaches ended up wasting their valuable time. In order to cover this case they need to be assured of a minimum fee and a clear task list and plan are required in order to match expectations on both sides.
You should try to find someone like this to get you going in the right direction. As a mater of fact I am looking for one such coach too, one that is willing to keep my money in escrow and make much more from the income I generate with him. With a clear and predefined plan, we can both tell quit early if the relationship will work, so the risk is minimized by both sides-He will be able to decide to stop coaching me under these terms because I did not complete my tasks as defined and I may decide to stop the coaching too if I felt the help and support I am getting is not enough to get me through the program as agreed.
Maybe with the help and experience of the nice warriors that answered your post you can find such a coach to give you the head start.

Hope this input helps you get good use of your money.

Good Luck

Dany

[Kevin Marshall]

So much great information! I didn't even realize people were still following this thread. In answer to a couple things people said, my wife's debt is much more than the amount of this check, so I don't pay off much of anything by using it that way. It would pay off half of the high interest rate credit card she has, so I might use it this way. I guess I made the comment about doubling my investment in the original post because if I could double that money, I could pay off that credit card. I think I can pay off more debt if I invest some of this money into a proven system.

I am also trying to get out of my 65 hour a week job that is hardly paying the bills, and keeping me from reaching my full IM potential. I am having a little success, but I know I need to make a lot more to quit my J.O.B.

In any event, I haven't made any decisions so far, and I probably won't for another week or so.

[Kevin Marshall]

Also, my favorite suggestion so far is to find a GOOD mentor to take the next step in IM. I emphasize GOOD because not all of them are good!

[crystalq]

I think you should save it and start looking for opportunities.

I wrote a post about making money doing nothing
Make Money Online Doing Nothing! | iInternetMoney.com

You would need capital, which you have.

Tools and Articles are the best investment!
I would buy...

Articles and Websites (site that are already making money)

Do lots of researching before you decide what to do.

[activetrader]

I'd put it in the bank and that would be the end of it. Whatever bills you have, debt payments, etc. that would go toward that.

As far as investing back into the business, I personally only reinvest about 5% of what I make a month. I buy various software and scripts, PLR products, site and blog templates, and hire writers.

[DonnaLeona]

Save the money!

You will feel more confident in everything knowing you have a little coin stashed away.

Focus on making money so you can save more.

Saving money so that you can take care of your family if the ---- hits the fan is most important.

We are living in weird times so be prepared.


PS. You already have everything you need to make money online right here on this forum. Spending more and more on IM stuff is the mistake newbies make. Just take action with what you know already.

[tester.23]

Pay off debt first is a must if you are ever going to be financially sensible/succesful.

Or, as it was an unexpected windfall, split it 50/50 debt:IM

[bob100]

If I were you and had $2,400 I would register 10 domains then have enough articles written to fill each site with 20 or more articles. Then submit 1 or more articles per website to some place such as ezine articles for an article marketing campaign. Then I would do other things such as link building that cost nothing but takes time. Blog posting, directory submission etc

If the 10 domains average $1.00 per day you could make $3,650 in the next year.

10 x 365 = 3650. If they average $3.00 per day that would be 30 x 365 = $10,950

If you can write your own articles you can put up more then 10 domains.

Most people on this forum should know about this kind of stuff, pretty simple and it works.

###

[igorhelpsyousucceed]

Originally Posted by kevinmarshall80

Fortunately I don't make decisions based on feelings!

We all do decisions based on feeling and justify with logic, even you Kevin

As for the money, I would suggest to either invest it in IM, but only
if you have a clue about investing in IM or to decrease debt payments.

That way you will gain that money back...

Igor

[kimothy777]

Do NOT use it on PPC unless you are an expert. You need to study, research, buy all the books and DVDs and know what you are doing before you ever venture near that.
You should probably use the money to outsource creating two web sites in your chosen niche and pay a ghost writer to start blasting out articles through Article Marketer. They have a life time membership for $599.99.
first site should be an ebook site. Second site should be a Membership Site (actually no physical site is needed). Use weekly newsletters that you also outsource (in a topic that you are passionate about. Look at Armand Morin's Internet Marketing Newsletter. do somethign similar to that.
Armand is not charging for his newsletter; he is using it as lead generation. He has over 100,000 on his list and he sells to them.
Get experts to write articles and each week send your list two great quality articles, a review of a procudt, a few jokes adn a partrige in a pear tree. Charge them $30 a month for it. Outsource all of that. Just get the first four weeks done in advance, and fund the rest from your earnings.
When people buy your ebook, give them a 30 day free trial of your site (continuity). So if they don't cancel they will be charged after 30 dasy. This is the best way to make real money online, continuity.
You shouldn't have to spend more than a few hundred dollars getting the wbe site made (out course that part as well). The secret lies in outsourcing nearly everything so you can move ahead at lightining speed.
If you don't like that idea, feel free to send the cheque my way. I need a new car....

[Kevin Marshall]

I have a new idea for the check. This idea might seem a little gutsy, but I believe I may be ready for it.

My net income per month in my J.O.B is $2316.16. My check is $2464. What if I live off this check for one month and go into full time IM???!!!!

I already work 60+ hours a week in my J.O.B., and it is the primary reason I'm only generating limited success in my IM business. If I could work 60 to 70 hours a week in my IM business, I feel pretty sure that I could replace my income and then some within a few months. I would start posting a minimum of 10 articles a day in various niches. This gives me at least 300 articles posted a month. I should be able to easily generate $1000 a month with that many articles. Within four months, I would have over 1200 articles posted online. I would post these articles over 10 or so niches that I have already identified as potential great niches.

I've read various ebooks on posting articles and linking to landing pages and websites. I understand the article marketing techniques, and I just need the time to generate a full time income in IM. I've already had some success with promoting ebooks on clickbank, and I generate a small income on Adsense. I already have accounts setup with all of the major article submission websites, as well as accounts setup with Amazon, Clickbank, Squidoo, and of course Adsense.

I would need to educate myself on some of the new niches I would promote before writing the articles. The internet is the perfect resource to learn about all types of niches. I would also spend a small part of my day educating myself on other money making ventures. I need to learn how to monetize blogs, and I already know where to go to get this valuable info.

In addition, I would write articles for other people for $5 to $6 an article in the beginning months as I build up my own business. Depending on how well I do with that, I may continue writing articles for other people or ask for $9 to $10 an article once I prove myself in the article writing world.

As I have done the math, I calculated I need to make $46,000 per year to replace my income at my job. This includes money after taxes and paying for my own health insurance. This can't be that difficult with some work. I already work 60 + hours a week, and I know I am disciplined enough to work this many hours on my own. Shoot, with my IM business and my job, I probably work more like 75 to 80 hours a week. I could live off this check the first month, and I figure it would take 3 to 4 months max to replace my income.

This seems kinda crazy, but I actually think this might be worth a shot. What do you think?

(This is where you can tell me I'm crazy and I shouldn't be doing this...)

[Kevin Marshall]

This money wouldn't get anywhere close to paying off debt. It would pay off half of a high interest rate credit card my wife got well before we got married.

[Kevin Marshall]

Originally Posted by chukwuma

Thats a great advice Nick . Where can you Buy a good resource which shows you how to find lucrative markets.

Chukwuma
.

I love the idea of doing nothing and making money! One day I hope to be at this point!