What would YOU do with $35,000?

by Deric Yin 40 replies
A buddy of mine is about to receive a nice stash of cash - about $35,000 - to start an Internet business. He has got the money by pitching for a 'next generation social networking' website - but being a direct response marketer at heart I recommended him to use the dosh to create a string of information products, write some old-fashioned long copy and then pump in crazy traffic into those sites. At least he could get paid at (probablt by next week) vs building the 'next big thing' with absolutely no guarantee of profit.

What would YOU do with $35,000?
#main internet marketing discussion forum #$35
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  • Profile picture of the author Asher
    $35,000?

    $1,000 to use for Internet Marketing "tuition" fees by learning from information products and setting up domains and stuff. Shouldn't cost more than that... if it costs more than $1,000 - might be wasting money.

    $34,000 to put in my bank account and various other good uses - I'll gain good interest =D
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  • Profile picture of the author lakshaybehl
    I would just use 20,000 dollars or some figure around it to create a nicer little software that most IM people need and 1. Either is unavailable or 2. Not free of charge

    And then start providing it free to all those that enter the names and emails of at least three of their friends.

    I would do that using a squeee page so my list size would soar.

    To start the initial process I would drive traffic using Adwords... Maybe 5000 dollars on that.

    I would get an info product created for 5000 bucks by real video professionals that is suitable for internet marketing and it would be a full blown course for just 500 dollars or so.

    the last 5000 dollars would be spent on copy writer that I would hire... You see automation is the key.

    here is the kind of results I would expect...

    5000 dollars Adwords Traffic-- Nearly 14000 clicks in IM niche... At 50% Squeeze page conversions... That would be 7000 people directly on to my list.

    In order to get that free software, they need to recommend it to three people at leats... So in general it would nearly triple my list size. And thats a conservative figure f you understand what I mean.

    Now I would have a list of 21000 people... That are using my software... That trust me.The idea of the software is to get massive amount of viral traffic... Which is easy when you are giving something of value for free, and usaing the right viral components.

    Then I would have the info product launch... And because of the initial buzz that the software would have created, I would be able to get some of the bg name IM people to promote myproduct.

    Even if 300 people out of those 21000 on my listbuy that 500 dollar product, then it means an instant 150,000 dollars.... HUGE.

    And then the traffic brought by the JV partners would also build my list largely...

    I would take 50,000 dollars and return it to the investors in a record time of a couple of months. And then with the remaining 100,000 I would start again... Only this time the budget would be nearly 75,000 dollars.

    I you have some money for IM, and you don't spend it on buying info products, then you have a massive potential to create a massive bank balance.

    Just that you have to know how to use it wisely.
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    • Profile picture of the author jhongren
      Hmmm, I would invest all US$35,000 to make another US$70,000 or more. =)

      Use the money to grow more money and you can spend the profit while still have US$35,000 in your pocket. =)

      That is what I will do.

      Cheers,
      John
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      • Profile picture of the author Bayo
        Originally Posted by jhongren View Post

        Hmmm, I would invest all US$35,000 to make another US$70,000 or more. =)

        Use the money to grow more money and you can spend the profit while still have US$35,000 in your pocket. =)

        That is what I will do.

        Cheers,
        John
        Same here, however, I would take care to be true to the reason I attracted the money in the first place.

        Last week I cam into 10k from a local business person (a rainmaker) who I did some online marketing work for and because he was so thrilled he has put some money forward to be a partner in the future success of what he now sees to be the power of the internet!
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        • Profile picture of the author AndrewCavanagh
          If you were determined to use the $35,000 to set up a money making venture online
          (and this really is NOT a good mindset) then you'd probably do best by spending a large portion of that on outsourcing the highest quality professionals you can find.

          Your business model and your friend's business model could conceivably work together.

          Create social networking sites in niches and create the information products to sell to those niches.

          The most important things you would pay to outsource would probably be product creation and copywriting for the sales letters.

          Most of the other stuff you can get done very well for a low cost.

          Kindest regards,
          Andrew Cavanagh
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          • Profile picture of the author myob
            Invest $34,000 in the stock market, then use the rest to market information products.
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            • Profile picture of the author Deric Yin
              Originally Posted by myob View Post

              Invest $34,000 in the stock market, then use the rest to market information products.
              Thanks, but I think his investors would be rather pissed if he is to blow bulk of the money in the stock market.
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  • Profile picture of the author syl83
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    • Profile picture of the author RichardDean
      I would not get into IM LOL

      Turn key site 25,000 147.00 product 10,000 for marketing

      170 sales got your 25,000 back now all profit from there.

      Richard
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  • Profile picture of the author napoleonfirst
    Get DomainProfitter and Traffic Secrets 2.0. Killer stuff.
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  • Profile picture of the author ivewon
    Try to buy a business already in place that you can just takeover.

    These are available cheaper than you would think and still have funds left to do some aggressive ppc marketing etc.
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  • Profile picture of the author Solidsnake
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    Spend just $10,000 in creating my own business...I will spend the rest visiting countries I like..
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  • Profile picture of the author trafficwave
    "I suppose I'd just keep doing Internet Marketing 'til it was all gone!"

    ;-)
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    • Profile picture of the author vorales
      I did be spending the money wisely as its not easy to get 35000$.

      Guess i did be continuing as what i m doing now but will create a nice web site and will invest in generating traffic to my web,one its dont than money money money all around.

      I will make sure the money GROWS with a target to make it doubble in the next 12-24months.

      Money - Tough to come in .......
      - Easy to go out.....
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      • Profile picture of the author Jose Delgado
        Act like he isn't getting any money at all... (keep it in the bank.)

        and keep on creating IM products just like he's been.

        IF they are making good results of course.
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      • Profile picture of the author jcmentor
        I would invest in a coach or a mentor who has demonstrated success at making 7 figures a year and has also taught his/her system to at least 3 other people who have used it to do something similar. This coach would also have outsource resources that we could use in getting the right things done porofessionally\ and effectively.

        I would offer them a guaranteed monthly retainer of at least $5000 and would also split all profits for the first year. I would use the balance to implement their system.

        I am so done with making all of the mistakes myself!

        This sounds like it would work doesn't it?
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  • Profile picture of the author Jward94
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    • Profile picture of the author Mike Hill
      Originally Posted by Jward94 View Post

      Spend it on STRIPPERS!!!!!!
      I second that!!!

      Mike Hill

      PS. Anyone got $35,000 they want to invest in Jward and myself?
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      • Profile picture of the author SunTzu82
        I would purchase an established website that's already making money.
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      • Profile picture of the author marcanthony
        Originally Posted by Mike Hill View Post

        I second that!!!

        Mike Hill

        PS. Anyone got $35,000 they want to invest in Jward and myself?
        I would spend it on call girls!!!
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  • Profile picture of the author Dave Cornish
    I would invest in buying multiple servers and starting my own adult video website.

    Profitable niche if you've got money to invest.
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  • Has he never heard of Vegas????

    Tell him to grab a copy of my roulette system at Ultimate Roulette System and thank you later
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  • Profile picture of the author Mac Wheeler
    I would build a nice house with a pool, and then work five days a month instead of twenty
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    • Profile picture of the author trafficwave
      Originally Posted by DecurroLtd View Post

      I would build a nice house with a pool, and then work five days a month instead of twenty
      For $35K?!?!?!

      Where?!?!?
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  • Profile picture of the author ezimedia
    HI

    I would pay off my credit cards... but that is just me..

    here is an idea... get a good one or two word domain name.

    spend 3-5k to have a site developed on the domain.

    Spend another 1k-3k to have a digital product or software created.

    Spend the rest over 12 months on promoting the site on and offline...

    you can double or triple you money in 12 months.

    Thanks
    Tom
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  • Profile picture of the author grandstar
    Go into high cost highly targeted banner advertising. I haven't tried this but I have this gut feeling it will print out cash.

    Probably yield a 8 fold increase in the money monthly.

    And by the way, invest $10,000 in forex trading
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  • Profile picture of the author eidoan
    He should determine a profitable niche in which he can establish himself as a guru.

    Then develop several products that go well together such as a free newsletter, a DVD set that sells for $30-50 per DVD, and a recurring monthly subscription for $25-100 each month. Establish a generous affiliate program that includes a 2nd tier.

    Then put as much time and money as possible into promoting the affiliate program and setting up joint ventures with other websites. Make sure all new affiliates are encouraged to promote the program to their contacts in the niche.

    He could quickly build a 5 figure per month income this way.
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  • Profile picture of the author Aegon
    I dont know........I am so confused....More confused than ever
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  • Profile picture of the author Gunter Eibl
    I would invest all in building clean white hat content sites and promote them with article marketing. Would update the sites at least twice a month, adding more long-tail pages and submitting more articles.

    That's all it needs.

    Gunter
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  • Profile picture of the author Deric Yin
    Thanks for the ideas, guys. He has got the money from an investor of sorts, so stashing half the dosh in the bank (or using the money to travel the world / getting a swimming pool built) will not do. He will need to actually use all of the 35 grand to build a business.

    His 'pitch' was to build a social networking site, but as we all know, to make one which is viable commercially would take years, unlike the simple-info-product-with-long-copy model which could ROI as soon as it launches.

    So a more 'direct' question would be this then - would you -

    1. Start an "authority site" which you will sell off later for huge amount of dosh? Or...
    2. Create 10 information products and then market them "the IM way" (capture emails, long copy, etc) for instant (but *relatively* small) profits?
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    • Profile picture of the author pmore
      Honestly, I would do both. I would start off with creating the large authority site and start looking for good freelancers to handle the whole info-product thing (one product at a time). Once he gets a few info products out there earning money he should be able to invest some of those profits into improving the authority site and creating even more info products.

      Originally Posted by Deric Yin View Post

      Thanks for the ideas, guys. He has got the money from an investor of sorts, so stashing half the dosh in the bank (or using the money to travel the world / getting a swimming pool built) will not do. He will need to actually use all of the 35 grand to build a business.

      His 'pitch' was to build a social networking site, but as we all know, to make one which is viable commercially would take years, unlike the simple-info-product-with-long-copy model which could ROI as soon as it launches.

      So a more 'direct' question would be this then - would you -

      1. Start an "authority site" which you will sell off later for huge amount of dosh? Or...
      2. Create 10 information products and then market them "the IM way" (capture emails, long copy, etc) for instant (but *relatively* small) profits?
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  • Profile picture of the author napoleonfirst
    I would also buy The BlogSolution. The top certification of WEBCeo also.
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  • Profile picture of the author GarrieWilson
    Do what he got the investment for?

    I know...stupid.
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  • Profile picture of the author tommygadget
    He is very underfunded for his original purpose. I would buy websites that were already making money and spend time really promoting them.

    TomG.
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  • Profile picture of the author sideserver
    Deric,

    Please convince your friend NOT to build "the next generation social networking site". He will be chewed alive and see his $35,000 go down the drain. Trust me, I've seen it happen too many times.

    I personally don't believe that a newbie should put in any more than $5000 to get a hang of the business. Instead, he should be investing in his IM education ($1000 - $2000 should do it, really). After that, focus on something, be it membership sites, infoproduct creation, software development for other marketers and what not. And STICK TO THE PLAN.

    Learn what works and what doesn't, and then scale up massively.
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  • Profile picture of the author Amy Bass
    Well for one, I would pay off my debt.

    Secondly, I would pay for 100% original content and develop a bunch of high quality niche blogs. Oh, you'd be raking in the $$$$ then!
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  • Profile picture of the author Deric Yin
    He's also quite leery of the "make money online" niche so anything related to that will be out of the question.

    Anyway, thanks for the responses all. Anyways his $35,000 is meant to be for the development of the website 'prototype' only - so if he manages to do that (in a year) then his investors will be happy.

    Still, I think that 35 grand could be too much for a prototype or a 'proof of concept' (maybe only 5 grand?) - so that leaves him 'extras' for other projects. That was why I was recommending him to build, say, 10 niche sites (3 grand each?) and drive insane traffic to them, and make the short term cash while holding out for the 'big idea'.
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  • Profile picture of the author Deric Yin
    Thanks Andrew.

    Apart from the product creation and copywriting, I would probably invest some money in traffic generation. Or get a kick-butt affiliate program in place.
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