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1000$ to 10,000? Reachable Goal? Christmas?

by OfficiallyVinnie Banned
21 replies
I currently have extra 1000$ sitting in Paypal, I want to know what should and can i do with my 1000$ to turn it into 10,000$. Is it a reachable goal? Tell me what i should get started with and how i should use my money wisely and not waste it. ( Coaching, WSO, courses, List building, website building, etc.) By Christmas?

Thanks again, Warriors.
-Vinnie
#christmas #goal #reachable
  • Profile picture of the author Tom Addams
    Easiest way that comes to mind is domain flipping. I'd say release a product, but you may not have time to create it.

    GRM
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    • Profile picture of the author OfficiallyVinnie
      Banned
      Seems like a good idea, doesn't this involve lots of risk doe.?
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  • Profile picture of the author Tom Addams
    No, not at all. I mostly register domains for 99 cents. Flips average between 2, 3 and 4 figures. It's actually the least risky method that springs to mind. Well, of the methods that can bring in a high ROI.

    GRM
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    • Profile picture of the author kilgore
      Originally Posted by Get Rich Methods View Post

      No, not at all. I mostly register domains for 99 cents. Flips average between 2, 3 and 4 figures. It's actually the least risky method that springs to mind. Well, of the methods that can bring in a high ROI.
      Full disclosure: I've never flipped a domain name in my life.

      With that out of the way, I gotta say that the odds of someone completely new to domain flipping turning a $1,000 "investment" into $10,000 in one month are slim to none.

      Yes, I suppose it's possible. It's also possible to find buried treasure in your yard. More likely, you'll end up with 1,000 $1 domains or 1 $1,000 domain that you'll either never be able to flip or if you're lucky (probably really lucky), you'll eventually be able to flip but certainly not in one month's time.

      The fact is that there is no such thing as a non-risky investment that pays 1,000% in one month. That's not an investment, that's a fantasy.
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      • Profile picture of the author Tom Addams
        Originally Posted by kilgore View Post

        Full disclosure: I've never flipped a domain name in my life.

        With that out of the way, I gotta say that the odds of someone completely new to domain flipping turning a $1,000 "investment" into $10,000 in one month are slim to none.

        Yes, I suppose it's possible. It's also possible to find buried treasure in your yard. More likely, you'll end up with 1,000 $1 domains or 1 $1,000 domain that you'll either never be able to flip or if you're lucky (probably really lucky), you'll eventually be able to flip but certainly not in one month's time.

        C'mon GRM, you're a smart guy, but that's just a lot of hogwash and you know it.

        The fact is that there is no such thing as a non-risky investment that pays 1,000% in one month. That's not an investment, that's a fantasy.
        You do your best to chip away at my credibility, in this post and others, but the simple truth of the matter is this: when I post on WF I represent myself and my business. Even if you don't believe I'm an honest person, which I am, you can at least see the logic in being honest for business reasons. Now, with that out of the way, the OP asked how to turn $1,000 into $10,000 by Christmas. I gave him the honest and the logical answer. Not only is it possible, it's underselling it by a long way, as many domainers would tell you. He has the money to find a coach, Gene for instance, and learn how to do it.

        Don't insult my credibility again. I take those actions seriously.

        GRM
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        • Profile picture of the author salegurus
          Originally Posted by Get Rich Methods View Post


          Don't insult my credibility again. I take those actions seriously.

          GRM
          Come on man you are making a mountain out of a molehill...

          You're taking this forum and yourself too seriously, credibility is in very short supply...
          PS! I also doubt a newbie to domain flipping(even one tutored by Gene) could turn 1K into 10K in 5weeks...
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  • Profile picture of the author fxstay
    not possible i think ..maybe if you gamble it you can
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  • Profile picture of the author OfficiallyVinnie
    Banned
    Lol, then anything i should start doing at least dont have to be Christmas.
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  • Profile picture of the author DaleRodge
    If you could turn $1,000 into $10,000 in 30 days then that would mean you could turn $10,000 into $100,000 the next month and the month after that turn $100,000 into a million.

    After 4 months of this method you'd be one of the richest people in the world.
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  • Profile picture of the author borsaronero
    You can do it investing in traffic if you already know a niche and you already own a good funnel and the right product.

    Every action that can make you earn lot money in a few time is high risky. If you can set this $1000 on fire you can put on different test, like domain flipping and thouseand of great advice you can find around like this. Once one is working for you, just stuck on it and still follow.

    If nothing work you will lose your $1000 and sadly this is what often happens. But with $1000 in your pocket you can setup a good long term plan to not have the needs to ask this question next year again.
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  • Profile picture of the author EPoltrack77
    Vinnie, in the five years I have been doing this I'd say that success really comes down to no amount of money these days. You can learn anything you need to learn to be successful in any skill right here with this tool of the Internet. Youtube and Google can be your best friends.

    Learn the basics and fundamentals first with online marketing then set yourself up a plan! remember success is 80 in our own head! It really is.

    Go find what a couple of success people are doing in your industry and copy them!

    Spend your money carefully and wisely. It's best to sit on a purchase decision for around 70 hours before you make a final decision.
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  • Profile picture of the author ElGuapo
    Originally Posted by OfficiallyVinnie View Post

    I currently have extra 1000$ sitting in Paypal, I want to know what should and can i do with my 1000$ to turn it into 10,000$. Is it a reachable goal? Tell me what i should get started with and how i should use my money wisely and not waste it. ( Coaching, WSO, courses, List building, website building, etc.) By Christmas?

    Thanks again, Warriors.
    -Vinnie
    Not happening, mate.

    Those who could turn $1,000 into $10,000 have either a highly specialised skill (e.g. pay-per-click traffic) or a go-get-'em business sense (e.g. running some kind of arbitrage with local businesses - the kind of stuff you see on The Apprentice).

    If you are looking for a WSO to teach you a method, then you're not ready. But don't take it personally - very few of us can do that!

    I was reading a book called Mastery recently, by Robert Greene. Outstanding book. A nugget that stood out was his declaration that masters focus on the work, and the money comes later; those who put money first tend to fail. So don't see this as a lost opportunity - make a headstart on 2015 by doing *free* research and planning. Figure out the single type of business you'd like to create. Map it out. Keep your $1,000, because that's a neat little pot of cash that will come in handy when you are building a proper business.
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  • Profile picture of the author OfficiallyVinnie
    Banned
    ... Thanks for the great tips, i think that i will still be looking for something to invest in instead of reaching it by Christmas maybe something that will stick and go on the long wrong any success??
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  • Profile picture of the author NeedBucksNow
    This Christmas starting from scratch? Probably not. Next Christmas with a couple good websites & good marketing plan? All yeah
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  • Profile picture of the author OfficiallyVinnie
    Banned
    No i've been in the online market for a few years now i have experience i just wanted to see if their was any new WSO, Coaching success out here.
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  • Profile picture of the author Zak L.
    Have high goals for yourself, that's awesome.

    And never say never - anything is possible if you work your ass off at it.

    But I'd say you've got to change your mindset about it - rather then wanting to rush to that $10,000, focus more on building a longer term business that will provide value to others and will serve you long term.

    The money is just a bi-product.

    In my honest opinion, the BEST WAY to do that is with coaching.
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  • Profile picture of the author Mindy Squillace
    Hey Vinnie,

    As most above have said, the short answer is...probably not.

    So, rather than give you the same answer again, I will try to give you a suggestion.

    If you want to get from $1,000 to $10,000 in a relatively short amount of time you must find a business/product/service that pays out well and truly motivates you.

    This business is not all roses and Ben Franklin's. But once you find something you truly believe in, the money starts coming in pretty quickly. Why? Because your passion will lead to focused daily effort.

    You will develop a game plan and daily action plan that makes it fun. Yes, fun!

    So, here's your homework (i was a teacher for 7.5 years before I became a full-time marketer):

    1. Find the "thing" you think will get you motivated to work daily and work hard.
    2. Eliminate the time table.
    3. Find a mentor you believe will help you reach your goal.
    4. Get to work and eliminate all distractions.

    Good luck
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  • Profile picture of the author OfficiallyVinnie
    Banned
    Thanks for the great tip, as i stated above instead ill probably be looking for a long term goal.
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  • Profile picture of the author gjabiz
    I'm working on some Summer projects today.

    Just want to make a point. This time of the year, we always see these What can I do for the holiday type posts?

    What you can do is to have a calendar and a plan. Cause, next year at this time, you could easily convert that amount into ten grand. I did it several years ago selling Chinese YoYos at the mall. Paid ten cents, sold for a buck. Sold out in two weekends.

    But, what you can do NOW, is to take advantage of other people's sales, like udemy has a 10 dollar special for courses which cost up to 199.00

    Several on Internet Marketing, facebook, all things marketing, so invest a little of that money in your pocket on education...so next year, you'll be ready for the holidays.

    Too many IMers are short sighted, think longer term, PLAN for it, and cash in on the PARADE OF LIFE, which we all go through.

    gjabiz
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  • Profile picture of the author JohnnyPlan
    There's no fast way to go from nothing to something online. If you don't already have a site with lots of traffic, you can't just slap some money down on ads and make something work. You'll end up with no money. Would just be safer to tuck that money into a mutual fund or other interest earning instrument and enjoy a nice little sum of interest money yearly. That's not the 'fun' option, but it's likely the smart one.
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  • Profile picture of the author IvoryPearl
    I'd concentrate on building a list from zero to 500 by Christmas and do that each month until you get to 10k (may take about 2 years) 6 weeks to 500. 42 days to 500. About 12 new people a day to get 500 by Christmas. Your money should come automatically then...
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