6 replies
I am looking for ideas on a new project.


I have $5,000 to invest, maybe more if needed.


I currently run a successful ecommerce business.


Looking for something that is not to much customer based, maybe more CPA or something like that.


Would also consider a website.


Any ideas?
#project
  • Profile picture of the author DaleRodge
    It might be worthwhile checking out a site like Flippa & looking to buy something that's established & a got a bit of momentum? Plus that will give you a whole bunch of ideas.

    Just my 2 cents.
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    • Profile picture of the author options
      Originally Posted by DaleRodge View Post

      It might be worthwhile checking out a site like Flippa & looking to buy something that's established & a got a bit of momentum? Plus that will give you a whole bunch of ideas.

      Just my 2 cents.


      Yeah thanks dale, not to keen on flippa. I have had a look but anything decent is big money.


      It does give you some ideas as to what is working..
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  • Profile picture of the author mrvm1
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  • Profile picture of the author EPoltrack77
    Are you currently building a list in your eCommerce business? List of customers yes but are they on an email list with your autoresponder?

    Its picking a profitable market and niche and building yourself a prospect list and what you can do is warm that traffic up to your primary business or suggest and recommend other products and services and you can get paid a commission on each sale your generate. Think passive and monthly income...

    What if all you did was have a goal of 10,000 subscribers! Think that is your traffic source right there. One well crafted email and your month is covered.
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  • Profile picture of the author WarriorWasim
    You can think about developing and launching a product! It can be eCommerce based.

    You can also invest for ecommerce website because you are already doing good. Thanks :-)
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  • Profile picture of the author spartan14
    I also think you should start to create a product it will give you income for many years to come
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  • Profile picture of the author DIABL0
    For the past 16+ years, I have been monetizing 3rd party data by promoting PPL offers.

    The reason I promote PPL (pay per lead...lead generation) offers is because there is no credit card / purchase required to complete an offer. All a user has to do is fill out a form, so conversion rates are typically much higher compared to offers that require a sale.

    I favor offers that have a make, get or save money benefit to them. This is what has overall worked the best for me. They also tend to have the greatest amount of mass appeal (will be of interest to a very large general audience). So the potential to generate high volume exists and make them relatively easy to cross promote.

    Some of the verticals that I have done extremely well with are: education, insurance, assistance, loans debt, mortgage, credit, discount offers, homeowner offers, etc...

    The bulk of the offer that I promote tend to pay $20-$40 per lead, however, I promote offers that pay more and less. The payout isn't the key factor. You could have an offer that pays $9 and if it converts at 2x or more of a $20 offer, then it will perform about the same or possibly better. At the same time you could have an offer that pays $90 and if it converts poorly, it may not even be worth running. So how well an offer converts is just as important if not more than what it pays.

    The bottom line is that it's simply much easier to get someone to fill out a short form than to take out their credit card and make a purchase. So why struggle trying to sell this or that to someone, when you can provide free information that users want/need and get paid well doing it.

    To generate traffic to the offers, I acquire fresh / targeted 3rd party data (email). The reason I do this over other forms of marketing is because I'm building assets that I then own and can market to over and over at low cost...so I control the traffic. Compared to what most marketers do, which is to pay for traffic or use some free traffic strategy. Which often either fails to return a profit unless you have a proven funnel or was worth the time it took to implement the strategy. Not being able to generate cost effective traffic is why so many fail.

    If you're not familiar with the term 3rd party data, which most aren't. It's simply data that the users have provided permission to receive messages from third parties. So it is 100% can-spam compliant. Which I either purchase or I get through rev-share deals. Rev-share (revenue sharing) is data that I get for $0 upfront cost and then split the revenue generated from sending it, with the data providers.

    The data actually comes first and then based on what vertical it is targeted to, then I send a relevant offer. So if I'm getting data that the users are interested in getting life insurance, I send them a life insurance offer. If I'm getting data for education, then I send them an education offer, etc...

    3rd party data is rarely going to be as responsive as a quality targeted opt-in list you build yourself, but it really doesn't matter. As it is much cheaper and highly scalable in comparison to building a list. The key to making it work is that you want to always be segmenting your openers / clickers - removing the unresponsive users. That way over time you should be building a smaller, but more responsive lists that you can send less and make more with each mailing. Essentially you are converting the data from quantity to quality.

    Basically, I'm monetizing the data using PPL offers, because they offer the path of least resistance to generating conversions and converting the data into cash producing assets.

    Obviously, there is far more to it but done right it can be extremely profitable. Everyone that I know that is in the business and knows what they are doing, for the most part, does 6-7 figures. while that is a huge range, much comes down to one's ability to scale and cost-effectively build / manage the infrastructure needed to scale.

    It'snot for everyone, but something to think about.
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