Noob with $1k. What should I do with it?

37 replies
Ok so I have been saving a bit so I could spend it on online marketing. I have tried teespring and am currently 300$ down (but I'm not giving up on that). My teesprng side I decided to hire my friend for 50/50 instead of upfront money.

Now for the extra 1k I have I don't know where to invest it on in terms of making some $$.
I have looked at kindle publishing but it looks like it takes too much investment. Note: if I had the money I WOULD 100% GO WITH KINDLE, BUT, I currently live with my uncle and I want to show some results in the coming weeks to let them realize I'm not wasting my time/money.

That said there are other I've been considering that I've seen floating around online.

1. Apps:
Basic idea is get a free app's source code, send it to someone on fiver to reskin. Then put up on google store and buy some reviews from app2top. Take about $100 of investment. Downside is that it's greyhat and app is not guaranteed to do well.\

2. Facebook fan page:
Set up fan page. Set up a promo that requires people to share and like. Make a website in the fan page's niche, then send FB traffic to some adsense.

Seems like a nice start, adsense confirmed accouns take a while to make tho. Might have to buy an already verified one.

3. Udemy:
This one has my interested sparked up for a while now. There's a site where people share fresh udemy courses for free for some initial downloads/reviews to build a healthy reputation then just get passive income. It's almost 0 cost pretty much. Takes a while to make but has less risks. Also I can hire a Filipino VA to do some research (I'm filipino too so even less of a hassle to communicate)



I'm very interested on what your thoughts are on where I should start. I'm open to any suggestion. I'm also not afraid to spend the money as I know ALOT of the interenet marketers had to learn first hand. I also don't buy any "new shiny object" (I did too before, wasted $30). Thoughts?

Edit: I've already been messaged by many MMO sharks who eat newbies like me for money. One of which is kingleo101 who was promising 50% of his company and $200/day. I checked his profile and it seems he has been sending the same message for the past 3 yrs. If you're a noob like me beware of these people.

Edit 2: Thanks for all the replies, lots of good insight

Edit 3: Added TL;DR

TL;DR: I got 1k. Need some basic idea of what are considered needs (aweber, hosting, etc.) and what I should avoid (shiny object, "advanced" apps) and maybe a direction of how to spend it
#$1k #noob
  • Profile picture of the author discrat
    Take part of it and stick it in your Pocket

    Seriously, I would NOT look at it as, "I have 1K to spend what should I do with it "

    I would be selective and careful and Educate yourself more.

    And do it incrementally. a.k.a go with $100 and invest that first and review your results and go from there.


    - Robert Andrew
    {{ DiscussionBoard.errors[10575096].message }}
    • Profile picture of the author PBScott
      Originally Posted by discrat View Post

      Take part of it and stick it in your Pocket

      Seriously, I would NOT look at it as, "I have 1K to spend what should I do with it "

      I would be selective and careful and Educate yourself more.

      And do it incrementally. a.k.a go with $100 and invest that first and review your results and go from there.


      - Robert Andrew
      The internet is a tough gig, but it costs time more than money, $1000 won't buy you enough of another person's work to make money, perhaps you could use it to start your own website, that will pay for a decade of web hosing if you find something really cheap.

      If you have built up a following you could try affiliate marketing products from websites like sharasale, amazon or commision junction.
      Signature

      If you don't look at this => Really Funny Shirts <= you missed something in life

      {{ DiscussionBoard.errors[10575114].message }}
    • Profile picture of the author TheGMa
      Originally Posted by discrat View Post

      Take part of it and stick it in your Pocket

      Seriously, I would NOT look at it as, "I have 1K to spend what should I do with it "

      I would be selective and careful and Educate yourself more.

      And do it incrementally. a.k.a go with $100 and invest that first and review your results and go from there.


      - Robert Andrew
      My words exactly, Robert. Thanks for saving me the post.

      - Annie
      {{ DiscussionBoard.errors[10575155].message }}
    • Profile picture of the author DeadGaem
      Thanks for the reply!

      It just seemed to me that you can't actually make too much money without spending. I have been one of those "make money with 0 investment" people wen i was in Philippines. Now that I'm in a western country (I got a job for funds) I can focus on things that I wasn't able to back then.

      I'm really not trying to blow all the money at once. Just giving an idea of how much I can spend as of now. I see a lot of posts about paid traffic and such so I thought putting my budget would help give people some idea.

      Thanks for the insight tho, I appreciate anyone taking some time off their day just to reply
      {{ DiscussionBoard.errors[10575174].message }}
  • Profile picture of the author rritz
    Good advice from discrat there ... that much said, there's a million ways you could go, and three million more ways to spend that money. And most of them will not give you any return.

    If I were you I'd find a good mentor or mentoring program or training site and start learning A LOT.
    {{ DiscussionBoard.errors[10575110].message }}
  • Profile picture of the author Jack Gordon
    Originally Posted by DeadGaem View Post

    1. Apps:
    Basic idea is get a free app's source code, send it to someone on fiver to reskin. Then put up on google store and buy some reviews from app2top. Take about $100 of investment. Downside is that it's greyhat and app is not guaranteed to do well.
    So, you are contemplating taking someone else's work, and trying to game it enough that you can resell as your own? There are so many things wrong with that idea, but the big one is that it is just dumb. There are no assurances it will work/sell, you would have an obligation to support it, you would be competing with others who have more experience/passion/knowledge of it, and, of course, it could get you in trouble/banned from whatever marketplace you want to play in, shutting off future (real) opportunities.

    Don't do it.

    Originally Posted by DeadGaem View Post

    2. Facebook fan page:
    Set up fan page. Set up a promo that requires people to share and like. Make a website in the fan page's niche, then send FB traffic to some adsense.

    Seems like a nice start, adsense confirmed accouns take a while to make tho. Might have to buy an already verified one.
    What makes you think this has any realistic chance of working, especially without your own product/passion behind it? The IM graveyard is full of people who thought this roadmap was all they needed. It isn't.

    Don't do it (yet).

    Originally Posted by DeadGaem View Post

    3. Udemy:
    This one has my interested sparked up for a while now. There's a site where people share fresh udemy courses for free for some initial downloads/reviews to build a healthy reputation then just get passive income. It's almost 0 cost pretty much. Takes a while to make but has less risks. Also I can hire a Filipino VA to do some research (I'm filipino too so even less of a hassle to communicate)
    You aren't clear about how you plan to profit from this, but if it involves anything other than learning from them and putting that wisdom into action for your own product/service/idea, then it is doomed to cause you more grief and failure.

    Stop trying to find a way to make money off of the internet. The internet has no money - it is not your customer. Real people, with real needs/wants/desires are your customers, and if you want to make money you'll have to figure out how to offer them something they really want/need/desire.
    {{ DiscussionBoard.errors[10575173].message }}
    • Profile picture of the author DeadGaem
      @jack gordon

      I see. Is it better to just educate myself on a certain niche for now and then build a following from that point?
      {{ DiscussionBoard.errors[10575178].message }}
  • Profile picture of the author Mike Braswell
    Invest most of your money in education! Don't hesitate to find some great products and look for it to take action. Go slowly and you will be succeeded!

    Mike
    {{ DiscussionBoard.errors[10575188].message }}
  • Profile picture of the author Brent Stangel
    You are looking for loopholes you can exploit.

    Loophole "marketers" never last long.

    Find a product or service people need. Set up a sales funnel and slowly start testing.

    Having money to invest is no guarantee of success.
    Signature
    Get Off The Warrior Forum Now & Don't Come Back If You Want To Succeed!
    All The Real Marketers Are Gone. There's Nothing Left But Weak, Sniveling Wanna-Bees!
    {{ DiscussionBoard.errors[10575190].message }}
    • Profile picture of the author superowid
      Originally Posted by Brent Stangel View Post

      You are looking for loopholes you can exploit.

      Loophole "marketers" never last long.

      Find a product or service people need. Set up a sales funnel and slowly start testing.

      Having money to invest is no guarantee of success.
      True! Most people forget this anyway.
      Signature

      I'm learning to draw again ...
      I want to sell my drawing later on!
      Wish me luck, okay?!

      {{ DiscussionBoard.errors[10583085].message }}
  • Profile picture of the author caymandiver
    Originally Posted by DeadGaem View Post

    Ok so I have been saving a bit so I could spend it on online marketing. I have tried teespring and am currently 300$ down (but I'm not giving up on that). My teesprng side I decided to hire my friend for 50/50 instead of upfront money.

    Now for the extra 1k I have I don't know where to invest it on in terms of making some $$.
    I have looked at kindle publishing but it looks like it takes too much investment. Note: if I had the money I WOULD 100% GO WITH KINDLE, BUT, I currently live with my uncle and I want to show some results in the coming weeks to let them realize I'm not wasting my time/money.

    That said there are other I've been considering that I've seen floating around online.

    1. Apps:
    Basic idea is get a free app's source code, send it to someone on fiver to reskin. Then put up on google store and buy some reviews from app2top. Take about $100 of investment. Downside is that it's greyhat and app is not guaranteed to do well.

    2. Facebook fan page:
    Set up fan page. Set up a promo that requires people to share and like. Make a website in the fan page's niche, then send FB traffic to some adsense.

    Seems like a nice start, adsense confirmed accouns take a while to make tho. Might have to buy an already verified one.

    3. Udemy:
    This one has my interested sparked up for a while now. There's a site where people share fresh udemy courses for free for some initial downloads/reviews to build a healthy reputation then just get passive income. It's almost 0 cost pretty much. Takes a while to make but has less risks. Also I can hire a Filipino VA to do some research (I'm filipino too so even less of a hassle to communicate)



    I'm very interested on what your thoughts are on where I should start. I'm open to any suggestion. I'm also not afraid to spend the money as I know ALOT of the interenet marketers had to learn first hand. I also don't buy any "new shiny object" (I did too before, wasted $30). Thoughts?
    if it were my money, I would put it in my pocket and leave it there until I found an almost sure bet to at least break even on any investment I might make with it. that way, you haven't lost your money and you have gained valuable education that could take you to the next step in your plan. tread carefully. the internet is full of wolve's in sheep's clothing ready to fleece you of you hard earned money. my advice: get a tool that everyone needs and sell it. remember the gold rush days? the tool sellers were about the only ones who made any real money.
    Signature
    http://www.ringlessvoicemailcalls.com
    "I simply don't have time right now to procrastinate...I'll do it later"...
    {{ DiscussionBoard.errors[10575298].message }}
  • Profile picture of the author ydsimple
    Get great sales funnel with main offer, 2-3 OTO's, down sells, exit pop up squeeze page to build list at the same time, find affiliates and make money. Offer prizes, create contests for affiliates and they will promote your product with great pleasure. And remember those who are selling courses are making money, but not those who are buying courses. Cheers
    {{ DiscussionBoard.errors[10575460].message }}
  • Profile picture of the author gweijie
    I would do a blog and buy some articles or the app idea looks cool too
    {{ DiscussionBoard.errors[10575696].message }}
  • Profile picture of the author Rory Singh
    What should you do with your $1K?

    Get started with something that 'resonates' with you. Now after you find a product to sell, go through all the steps necessary to become successful.

    Just keep in mind that just because you have $1K to invest, doesn't mean that just having an initial investment will guarantee your success.

    I am sure you are aware of that.

    Take Robert's advice above.
    {{ DiscussionBoard.errors[10575709].message }}
    • Profile picture of the author DeadGaem
      Yes sounds like a good idea. I've also done freelance writing so for me writing my own articles is fun and would be nice.
      {{ DiscussionBoard.errors[10575835].message }}
  • Profile picture of the author flamewave
    Do you have a particular interest or hobby or perhaps a favored method of making the money from a site? Content is really key, so if you are ok with that and you have good design, you are pretty set.
    Signature

    Messenger Chatbot Marketing Systems - https://m.me/jaygriggschatbotbuilder

    {{ DiscussionBoard.errors[10575849].message }}
  • Profile picture of the author talfighel
    With that $1k, you are not playing the lottery. I would only spend a little on some sort of an online education. Find a mentor who is doing really well with affiliate marketing and stick with that.
    Signature
    {{ DiscussionBoard.errors[10575944].message }}
  • Profile picture of the author reachintan
    Well, you can definitely try this How To Start a Blog and Make Money Online - in 5 Easy Steps guaranteed way of becoming successful in long run.

    Just be patient and keep posting highly informative content on a regular basis. You will start seeing results within months.


    Chintan
    Signature

    Chintan Mehta

    {{ DiscussionBoard.errors[10575952].message }}
    • Profile picture of the author flamewave
      Just saying find a mentor and start being an affiliate and get an education is not really an actionable plan though is it? It's also narrow way of looking at things.
      Signature

      Messenger Chatbot Marketing Systems - https://m.me/jaygriggschatbotbuilder

      {{ DiscussionBoard.errors[10575998].message }}
  • Profile picture of the author sansui
    Search for a good training on how to make money.
    If you want to build a business, you will need an autoresponder,
    hosting,domain name etc.
    Your money can go towards the tools you need and getting paid traffic.
    {{ DiscussionBoard.errors[10576033].message }}
  • Profile picture of the author Sarevok
    Don't spend a single red cent.

    Develop your own business plan. If business plans were like candy, everyone would have one. Be a leader.
    {{ DiscussionBoard.errors[10576119].message }}
  • Profile picture of the author letsmakemoney
    Don't spend any of it. Spend your time reading the forum first.
    {{ DiscussionBoard.errors[10576135].message }}
    • Profile picture of the author pawandave
      Banned
      Take a 1-on-1 coaching instead keep research. It'll make your journey small
      {{ DiscussionBoard.errors[10576169].message }}
  • Profile picture of the author ANDREIS
    Are you also willing to work or you're just looking to spend 1000$ and reap some profit without any work?
    {{ DiscussionBoard.errors[10582043].message }}
  • put it in the bank. Don't invest that much in web without knowing anything your getting into first
    {{ DiscussionBoard.errors[10582528].message }}
  • Profile picture of the author barbling
    1.) Invest in an autoresponder (aWeber, getresponse)

    Email Marketing | AWeber
    Email Marketing Software & Autoresponder from GetResponse

    $20/month I think?

    2.) Invest in a domain name and hosting.

    How to Make a Website - Step-by-Step Guide for Beginners
    discusses that well.

    Perhaps $200/year?

    3.) Make sure you have a Paypal account.
    http://paypal.com

    Now you have the ability to build your business online as well as your own lst.

    Nothing beats having your own launchpad on the Internet - you can use it in the future to prove you're no fly-by-night. For example, here's my site from 1998.

    BUSINESS AND INTERNET RECRUITERS RECRUITING PREMIERE SITE

    On your website, you can present yourself as an authority in your niche.

    The question is, what niche will work best for you?

    Once you answer that, you can install Wordpress

    http://wordpress.org

    Decide how you want your site to look:

    http://www.wpbeginner.com/wp-themes/...for-wordpress/

    Pick a free theme

    https://wordpress.org/themes/

    and go from there. Total spent is less than $500 I think and you still have $500 to invest in your business.

    Hope that helps!
    {{ DiscussionBoard.errors[10583119].message }}
  • Profile picture of the author Tonny Robb
    I think you should find a proven mentor to follow, to invest to his lessons. So you will be able to avoid a lot of traps, things that useless and go faster in the future. Hope this help!
    {{ DiscussionBoard.errors[10583150].message }}
  • Profile picture of the author Manoj V
    Originally Posted by DeadGaem View Post

    have tried teespring and am currently 300$ down

    Teespring involves a lot of hit and trial as well as a good budget for advertising and testing until you get a good return.

    I have looked at kindle publishing but it looks like it takes too much investment.
    Kindle does take investment but more of your time than money, especially if you are going to write your own books. If you are planning to outsource right from the beginning I can tell you that those who have met with any success worth mentioning have written their own books before they thought of outsourcing.

    Getting a cover created and book promotion can be done well within a budget of $1k(in fact much less)

    That said there are other I've been considering that I've seen floating around online.

    1. Apps:

    2. Facebook fan page:

    3. Udemy:
    All these options involve a lot of hard work, time, patience and need focus. I have a feeling that you may need to have the proper mindset first, then decide on one thing to focus on, create a plan and then work hard to achieve your goals.

    What you need to decide on depends upon what you are good at and what kind of skills sets you have.
    {{ DiscussionBoard.errors[10583459].message }}
    • Profile picture of the author pawandave
      Banned
      There are too many suggestion here...

      I suggest you ........Don't go with APP at this time
      {{ DiscussionBoard.errors[10583797].message }}
  • Profile picture of the author DRP
    Originally Posted by DeadGaem View Post

    Ok so I have been saving a bit so I could spend it on online marketing. I have tried teespring and am currently 300$ down (but I'm not giving up on that). My teesprng side I decided to hire my friend for 50/50 instead of upfront money.Now for the extra 1k I have I don't know where to invest it on in terms of making some $$.
    SAVE THAT MONEY! DO NOT SPEND IT ON IM.

    1. You have 0% chance of making money online. Just the fact that you have to ask "how" or "what", demonstrates that. Sorry. Also, you're just chasing a shiny object with TeeSpring.

    2. Even if you knew how, which you don't, you'd still have a hard time making money. Let's pull a random number and say 25% success probability. Odds aren't really good even if you had a decent business acumen.

    3. Even if you knew how, which again, you don't, $1000 is nothing, and certainly wouldn't get you far anyway.

    Seeing how you don't know how to make money online, and you don't have much money to work with...the last thing you want to do is spend it chasing pipe dreams.

    Do yourself a favor and save your money. If you're working a job, be thankful. Save your money. If you're in school, then take it seriously. That's the best advice you're going to get on this forum.
    Signature
    I'd rather tell you an ugly truth than a pretty lie.
    {{ DiscussionBoard.errors[10584333].message }}
    • Profile picture of the author Zodiax
      Just invest your 1k in the WSO section.
      Signature

      'I hated every minute of training, but I said, 'Don't quit. Suffer now and live the rest of your life as a champion'
      -Muhammad Ali

      {{ DiscussionBoard.errors[10584341].message }}
      • Profile picture of the author Randall Magwood
        Originally Posted by Zodiax View Post

        Just invest your 1k in the WSO section.
        LOL no don't do this . If you really plan on doing this, then you might as well hand over the entire $1k to me.

        You don't need $1k to launch. And $1k isn't enough to launch, and make $5,000/month within the next 30 days either. Take your time and learn internet marketing. Stop looking for the *secret*, because the "secret" is all over this forum.

        Typically embedded in some of the good posts that you find on this forum. Even some listed on this exact page here.
        {{ DiscussionBoard.errors[10584907].message }}
  • Profile picture of the author ChrisBa
    Originally Posted by DeadGaem View Post

    Ok so I have been saving a bit so I could spend it on online marketing. I have tried teespring and am currently 300$ down (but I'm not giving up on that). My teesprng side I decided to hire my friend for 50/50 instead of upfront money.

    Now for the extra 1k I have I don't know where to invest it on in terms of making some $$.
    I have looked at kindle publishing but it looks like it takes too much investment. Note: if I had the money I WOULD 100% GO WITH KINDLE, BUT, I currently live with my uncle and I want to show some results in the coming weeks to let them realize I'm not wasting my time/money.

    That said there are other I've been considering that I've seen floating around online.

    1. Apps:
    Basic idea is get a free app's source code, send it to someone on fiver to reskin. Then put up on google store and buy some reviews from app2top. Take about $100 of investment. Downside is that it's greyhat and app is not guaranteed to do well.

    2. Facebook fan page:
    Set up fan page. Set up a promo that requires people to share and like. Make a website in the fan page's niche, then send FB traffic to some adsense.

    Seems like a nice start, adsense confirmed accouns take a while to make tho. Might have to buy an already verified one.

    3. Udemy:
    This one has my interested sparked up for a while now. There's a site where people share fresh udemy courses for free for some initial downloads/reviews to build a healthy reputation then just get passive income. It's almost 0 cost pretty much. Takes a while to make but has less risks. Also I can hire a Filipino VA to do some research (I'm filipino too so even less of a hassle to communicate)



    I'm very interested on what your thoughts are on where I should start. I'm open to any suggestion. I'm also not afraid to spend the money as I know ALOT of the interenet marketers had to learn first hand. I also don't buy any "new shiny object" (I did too before, wasted $30). Thoughts?

    Edit: I've already been messaged by many MMO sharks who eat newbies like me for money. One of which is kingleo101 who was promising 50% of his company and $200/day. I checked his profile and it seems he has been sending the same message for the past 3 yrs. If you're a noob like me beware of these people.

    Edit 2: Thanks for all the replies, lots of good insight

    Edit 3: Added TL;DR

    TL;DR: I got 1k. Need some basic idea of what are considered needs (aweber, hosting, etc.) and what I should avoid (shiny object, "advanced" apps) and maybe a direction of how to spend it


    For 2 - you could do this for practically free?

    Personally I like affiliate marketing and CPA offers, so naturally I'd recommend that route. I would probably start with 50onred and promote CPA offers..
    {{ DiscussionBoard.errors[10584356].message }}
  • Profile picture of the author xnice
    Originally Posted by DeadGaem View Post


    That said there are other I've been considering that I've seen floating around online.

    1. Apps:
    Basic idea is get a free app's source code, send it to someone on fiver to reskin. Then put up on google store and buy some reviews from app2top. Take about $100 of investment. Downside is that it's greyhat and app is not guaranteed to do well.

    2. Facebook fan page:
    Set up fan page. Set up a promo that requires people to share and like. Make a website in the fan page's niche, then send FB traffic to some adsense.

    Seems like a nice start, adsense confirmed accouns take a while to make tho. Might have to buy an already verified one.

    3. Udemy:
    This one has my interested sparked up for a while now. There's a site where people share fresh udemy courses for free for some initial downloads/reviews to build a healthy reputation then just get passive income. It's almost 0 cost pretty much. Takes a while to make but has less risks. Also I can hire a Filipino VA to do some research (I'm filipino too so even less of a hassle to communicate)



    I'm very interested on what your thoughts are on where I should start. I'm open to any suggestion. I'm also not afraid to spend the money as I know ALOT of the interenet marketers had to learn first hand. I also don't buy any "new shiny object" (I did too before, wasted $30). Thoughts?

    Edit: I've already been messaged by many MMO sharks who eat newbies like me for money. One of which is kingleo101 who was promising 50% of his company and $200/day. I checked his profile and it seems he has been sending the same message for the past 3 yrs. If you're a noob like me beware of these people.

    Edit 2: Thanks for all the replies, lots of good insight

    Edit 3: Added TL;DR

    TL;DR: I got 1k. Need some basic idea of what are considered needs (aweber, hosting, etc.) and what I should avoid (shiny object, "advanced" apps) and maybe a direction of how to spend it
    I recommend you try blogging. Choose a profitable niche with less competition and start blogging. It will not cost too much at beginning and bring the good income. You can make money through your blog by Adsense, Amazon or Clickbank.
    Signature
    Need Quality Backlinks: Check Out How To Buy Quality Backlinks in 2018?
    {{ DiscussionBoard.errors[10584505].message }}
  • Profile picture of the author ahmedezzezz
    Go With Affiliate Marketing If You know How To Start it .. If Not then Hire a Coach who know how it

    Works So He Will Help You ..
    Signature
    A Step By Step Guide To Make 60$/Day With Simple Methods ... 3 Spots Remaining !!
    {{ DiscussionBoard.errors[10584804].message }}

Trending Topics