How much money did you have to invest for IM?

by Mark Brian 19 replies
When you started, how much money did you have as investment for IM/niche marketing?
#main internet marketing discussion forum #invest #money
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  • Profile picture of the author Amy Bass
    Less than $50, but it worked out fine.
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  • Profile picture of the author Mark Brian
    That's a good investment Amy, considering your now making $5k/mo
    Ok, so I guess not much want to share their investments
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    • Profile picture of the author KarlWarren
      Taking the question literally, if I were to start again - I would only need a domain and hosting (so I votes for < $100)

      However, it took me a little while to find my place in the market - and did the usual newbie trick of buying systems, ebooks, software etc.

      So I probably invested more than $1500 in my first year before I began to see relative success.

      If you want a nice stat... I've spent more than $1200 this year on stock photography alone.
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  • Profile picture of the author Suthan M
    When i first started out, it took me less than $100. But that was 2 years ago..

    Nowadays, its more than that*i dont even keep count , but hey, the returns are more as well, so its justified.
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    • Profile picture of the author Michael Shook
      Starting out, 150 -175 USD. Articles are "mostly" free to promote with, clickbank provides good products to promote and hosting is 8 bucks a month.
      NVU as an html editor is free. Squidoo is free.

      The money is for when you think you need to buy something else.
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  • Profile picture of the author Andyhenry
    I had none. In fact, less than none - but that didn't stop me spending a bunch of money I didn't have by using credit cards.

    One of the worst mistakes I ever made was thinking you need money to make money.
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    nothing to see here.

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    • Profile picture of the author KarlWarren
      Originally Posted by Andyhenry View Post

      I had none. In fact, less than none - but that didn't stop me spending a bunch of money I didn't have by using credit cards.

      One of the worst mistakes I ever made was thinking you need money to make money.
      I did something similar when I first started...

      Convinced there was a big payday around the corner - I lived off my credit cards. Using cash advances to pay the rent, credit cards to pay my bills. Juggling cards to make the payments and then refinancing a loan.

      Best thing I ever did was go BACK to work and start from scratch, building up a business from the ground up - that's when success began to happen.

      Still got the credit cards, but probably only a couple of months away from being rid of them forever.
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      eCoverNinja - Sales Page Graphics & Layout Specialist
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  • Profile picture of the author Stanley Tang
    $8 to register a domain from namecheap
    $10 to get hosting from hostgator
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  • Profile picture of the author Mr.P
    Banned
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    • Profile picture of the author KarlWarren
      Originally Posted by Mr.P View Post

      thats why i only deal with direct debit and tell my bank no overdraft no limits nothing. if i have nothing then i have nothing.
      Believe me, although it was difficult - it was the BEST lesson I could have ever taught myself.

      I learned a lot from the experience, and the uncomfortable position I put myself in forced me to reevaluate the way I handle money - that is going to ensure that I never end up in the same position in future.
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      eCoverNinja - Sales Page Graphics & Layout Specialist
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  • Profile picture of the author derekwong28
    It was basically domain fees and a $2 hosting account for me as well.

    But since it was a shop selling physical products, money must be available for buying the products and shipping them. It was impossible to estimate this and could have anything from a few hundred dollars to over $100,000 a month if we were lucky. If it came to that, I would have applied for a line of credit from my bank.

    -Derek
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    • Profile picture of the author naruq
      I Invested $175-$250.00 USD. If I started my Internet Marketing Business today I could Invest less than this amount to get started.
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    • Profile picture of the author Mad Dawg
      For me it was just aweber, hosting, and registration fees...not a bad deal for starting a business.
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      • Profile picture of the author timer
        It depends on how you total it up I suppose. As well as direct costs such as domain name, hosting etc there is the cost of all the books and courses we end up buying (although some offer refunds). On top of that there's the cost of your time.

        But overall I agree with most comments and think it's possible to get going for less than $100 using free sources such as warriorforum, squidoo etc.
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        • Profile picture of the author Jim M
          To answer the question - I didn't really have anything to invest - but eventually I spent many thousands of dollars on the stuff I thought I needed.

          I now know a lot better (I think) - and only buy things which I know without a doubt I will use now or within a couple of weeks if it's a particularly good deal.
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  • Profile picture of the author Chris_Willow
    Hosting, domains, many WSO's, design services as well as money investment in some expensive IM products...
    It paid off anyways

    Chris
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    • Profile picture of the author Alminc
      A few thousands innitial investment in business software.
      $150/mo for product sourcing (memberships)
      $100/mo for content creation (articles)
      $100/mo for link building
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      No links :)
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  • Profile picture of the author Mark Brian
    I guess most of us have invested quite a lot as newbies, like me who've purchased a lot of WSO
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  • Profile picture of the author triplec
    Let that $200.
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