What would YOU do with $35,000?

$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

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.

Get DomainProfitter and Traffic Secrets 2.0. Killer stuff.

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.

Spend just $10,000 in creating my own business...I will spend the rest visiting countries I like..

"I suppose I'd just keep doing Internet Marketing 'til it was all gone!"

;-)

I would invest in buying multiple servers and starting my own adult video website.

Profitable niche if you've got money to invest.

Has he never heard of Vegas????

Tell him to grab a copy of my roulette system at Ultimate Roulette System and thank you later

I would build a nice house with a pool, and then work five days a month instead of twenty

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

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

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.

I dont know........I am so confused....More confused than ever

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

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?

I would also buy The BlogSolution. The top certification of WEBCeo also.

Do what he got the investment for?

I know...stupid.

He is very underfunded for his original purpose. I would buy websites that were already making money and spend time really promoting them.

TomG.

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.

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!

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'.

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.