Down To my Last $7000 to Make Money Online, What Would You Do?

Me personally would get over to Flippa.com and buy a business that interested me. You'd be suprised at what you can get with $7k.

Go and have a look.

If the OP goes over to flippa, SOLID research has to be done first.
There have been at least 7 warriors scammed there the past 3 months.



Cheers
Reinhardt

I would go to flippa and digital point and purchase about 10-15 websites that are generating an income of $50 or more each day. Then, I would purchase a few ebooks to learn a few article marketing techinques and other marketing techniques. I would use the remaining cash to outsource a ton of articles, submissions, and other marketing methods and before you know it these $50 a day sites will be making you a lot more.

Ok, forgetting the money you have to spend for a moment...

there could be many factors affecting why the product you developed flopped. One of which, might be the key to turning it around and making it a success.

If you believe in the product, presumably you do as it's something you spend a lot of time creating - then it might be worth having the sales page professionally rewritten, or asking someone to help you come up with a plan for marketing it.

If I had a product that I'd spent so much time on - I wouldn't be happy to let it flop, if it's a course, you could turn it into smaller products and sell each of those as modules... or as a feeder product to upsell to your main product.

Hope this gives you some ideas.

You can also go to Sitepoint's Digital Marketplace to buy an established business.

There is definitely something on that site you can buy for LESS than $7K that
can be making $100 per day within the next 30 days with a few simple tweaks.

Hy magwoi,
Ross is right , you could go to Flippa, and choose to buy a good established site. even though a site which is making 100$ per day , is sold with much more.
Also you said you re not new on Im, so what do you know to do?
Also what Niche are you into? What would you like to do?
You obviously see that for the moment CPA offers / sites make a lot of money, and there are a lot of methods here, or over the internet, that teaches you how to make 100$ or more per day.Especially if you also have money to invest in this.
So i think that getting 100$ per day is pretty easy , especially if you have 7K to invest
Just my 2 cents

Stop spending any money until you have a more thought out plan than just "make a hundred per day average within 3 months."

We can give you a hundred ideas here, but if your heart is not in what you are doing you will not likely go far. What you need is to stop doing things that get your sites de-indexed. Any idea why you lost rankings? Because if you have not figured that out, it will just happen all over again.

And why did your product flop? Did you do research and was there a hungry crowd? Did you get feedback on the product? Did you not believe in the product enough yourself to keep pushing it? LOL, no. You don't need to have mind control hypnotic abilities (although it helps). You don't need to be well known either. There are I'm sure several THOUSAND people on this forum or who read this forum that I have no clue who they are and they are making a hundred bucks a day.

Sorry to sound like an old school marm, but buying a ready made business is not going to help you if you don't know how to run it and maintain it.

Look for something that will be long term that you can enjoy and sink your teeth into and make a real plan.

$7,000 is actually a lot of money to do many things. I wish I had that type of money right now, but I'm building my business by bootstrapping. You should feel lucky that you have such an amount to start.

Do you mind sharing the product you created? Or at least the sales page?

Starting with that would be my suggestion. You have a product, it might just need tweaks, or affiliates promoting it.

Gurpreet

I would join Carbon Copy Pro, you can start for $395 or $1,995. You would then earn $200.00 or $1,000.00 per sale. You would have 15 different websites to chose from, free auto responders, merchant accounts and access to the best Internet Education I have seen online. You would even have money left over for a marketing budget, Adwords, Banner Ads or outsource some Article Marketing.
I have been with the company since 2007 and that is when I became a Full Time Internet Marketer. I am probably going to get yelled at for pitching my product but this is a very honest answer to your question.

with only a fraction of this (say $1000)...i would hire A LOT MORE writers and have a whole bunch of slav..uhm i mean writers writing and submitting articles for me. (According to my instructions and keyword research).

I think i am at a point right now where i see certain things are established, i have sites, i have products, i know they sell. All it takes now is even bigger expansion on THOSE things where i know they work already. At this point i would actually spend the majority on outsourcing work.

Of course, its a different story if you are just beginning and don't have anything established.

Also...reading between the lines...it seems you already tried a lot but it didnt work..and you might want to think about what you did in the past and why it didnt work?

Invest in good quality domain names of course :-) That is -- if you take the time to research and learn what domain buyers are looking for.

If you already have an offer you should market it through DirectCPV....i just started with them about two months ago and its going great for me. POP UPS FOR LIFE!!

To start I would focus on the 3 traffic getting areas which are: SEO, Video Marketing, PPC. You need traffic to see if website converts. Get camtasia $300, and put a video a day on your niche in top 10 video hosting sites.

Use traffic geyser for easier submission. Than get a article spinner like jet submitter and spin at least 1 article into 50. Put it on high page ranking 2.0 sites, article directory, social bookmarking

Then start spending $25-50 a day on some PPC

7k is not chump change, so be careful whatever it is you decide. But if it were me, I would check out flippa.com and find a good site that has a good product and at least a bit of traffic, doesn't have to be much, just something that you can build from. I bet you can find something for under 3k. That will leave you with 4k. Take that 4k and put into marketing. Buy some small media placements on relative niche sites. Do your home work and find a some high converting / low cost long-tail keywords and try to recurring some quality affiliates. There's a lot you can with 4k for marketing if your frugal. Anyway, just my 2cen'ts... Hope it helps, and good luck!

J. Kase

with 7k, i can buy several packages of the Super F2R that only cost me RM1577 each! and it can generate me a steady 1k per month!

I would send some money over to Sean Sheehan (coughcough) and then....

I'm kidding, or am I?

Nah.

Well, with 7k I'd do this.

Have three writers write fantastic products.

Have three copywriters write fantastic converting sales letters.

Have three designers create badass sales sites with full graphics and the works.

Pay another three writers to do 10 articles each on each product.

Pay someone else to submit those articles to all the major article sites.

Pay Dana Willhoit to do a badass press release for me.

Do some minor SEO and the like.

Have someone social bookmark my site for me (Its a hassle, but you can do it yourself if you want.)

And then sit back and let the work of others pay off for me.

Let the sites sit there for a bit.

Maybe in a month sell the lowest earner and repeat the process.

But that's just a basic outline. There's a lot more that would need to be done as well.

-Sean

I'd hold onto that money until you have a good plan. Creating a popular product to sell would be a good spend. Flippa does have some good buys for sites that are already producing money. You just have to do your due diligence to make sure the income and traffic proof is real.

I could show you how to turn it into $10,000+ per day gross profit in that length of time! ;>)

I'd do it myself, but you gotta have the cash to do it, and we retirees don't get paid that well.

Pete

I would Test a Few Niches at a time with PPC.

Scale them to the Max if successful

and Repeat or if Income good enough Enjoy Your Time :-)

Thank you so much for all of the great suggestions so far. It has given me some ideas on how to move forward.

Flippa seems to be a clear favorite amongst many so far. I is there somebody here who has actuallly bought a site on Flippa and managed to susutain or increase its income?

I had a glance there and a notice that a lot of the sites claim to be making say $3000 per month but yet are wanting to sell for $1500.

This does not sound right to me. Is there a Flippa course out there?

Is there a truly good UN-hyped CPA course out there that teaches beyond testing 10,000 campaigns to see what sticks? I had joined the $1000 coaching by a certain unnamed person (LS) and it was all a big sham about tricking Craigslist users etc. Not my style at all and it kind of put into me the idea that it is not possible to legitimetely succeed with CPA these days because everybody is at it.

The product I was selling flopped because the way I had planned to sell it (PPC), just did not convert. People are just too suspicious these days, so you realy need to be a hypnotic marketer or good at building relationships to sell stuff. I am poor at both and I guess that is why I failed.

The Sales Page and everything was all professionally done by people highly regarded in this forum. If anybody knows an expert at reviving flopped products, do print their name here so I can contact them.

Avenuegirl makes a good point about not thinking about the money, but I think it is only people who have money who can usually say that. I wish I could somehow get into that mindset of not thinking in terms of dollars, but financial desperation makes it very challenging.

I have done the outsourcing/article marketing thing but stopped after nearly all of my whitehat sites were de-indexed from Google for reasons unknown to me or any other SEO specialists I consulted. So relying on Google makes me very queezy. However I do realize it may be necessary due to GG's monopoly on search.

Is Carbon Copy Pro about learning how to sell Carbon Copy Pro?

Thanks
Magwoi

Ok lets look at your product. Just using PPC to market your product was not a wise choice. Do you have affiliates promoting it? How about setting a squeeze page to capture email addresses? This way you can warm your potential customers up by building trust with them.

Try this first, it will hardly cost you much. You've got a product you've worked damned hard on, stick with it and don't give up as you still have options to do well with it.

Also, again do you have a link to the product/ sales page? We can all look at it, and offer suggestions. It's best to get points of views from different types of people. And your product hasn't flopped yet, it will only flop when you give up on it

Gurpreet

I would be a little concerned about this part. If everything you try flops, what's going to keep the next business ( whether it's one you start or buy) from doing the same?

In my experience it is not normal for sites to be de-indexed or lose rankings ( at least not to the point they are beyond hope) unless there is something wrong with the quality and/or methods used for the sites.

As far as buying pre-made sites that may or may not be worth anything, I personally hand-reg (<$10) domains and build sites from scratch that make money almost right away. Or find cheap expiring domains and abandoned sites,etc. I rarely find great deals on established sites- in most cases they wouldn't be selling if they were anything great. I'm sure there are exceptions,though.
I also don't understand the focus on selling info products.

This is very important >

Contact fellow Warriors VegasVince or Sylvia Rolfe.
Tell them I suggested they view your post.
I promise you won't regret it. Not only can they
advise you, they can help make things happen.

These are two very sincere & astute business minds
that can show you how to leverage whatever resources
you have into significant ROI.

Whatever assumptions you're making right now...don't.
Sylvia and Vince's "specialty" is totally legitimate.
If you don't at least make an inquiry, shame on you.
I'm being vague and mysterious because nobody can
explain it as well as them.
One condition...WHEN you're a big success, buy me
a beer and tell me all about it. Okay?
DoctorQuest

If it's your last $7K, I don't like the advice about buying sites/businesses at Flippa if the income isn't carefully and meticulously proofed for at least several months. You want to know where the traffic comes from (with proof) and how the money is made (again, get PROOF!). If the traffic is dependent upon any one source - like organic Google rankings - understand that you are one algorithm change away from oblivion. If it's PPC, Google has been banning left and right if you aren't strictly by the book.

In short, I don't like the advice to buy sites at Flippa, not with your very last bit of money. It's too risky.

Invest it into creating your own products and in putting together some autoresponder content. Create a few powerhouse lists. Those are tangible and what long-term businesses are built upon online. They aren't dependent upon the whims of Google, and you don't put the control in anyone else's hands but your own.

John

Back-off dude. Regroup. You're thinking opportunitistically
and that can lead you into squandering what resources you
do have.

Get centered. Read. Self-educate. Lose the urgency,
because the Warrior waits and watches. You're frustrated
because you're salesletter isn't working and you're affirming
a negative frame for your self-image: (sic) "I'm not good at
relationship building".

You have capital. Unless you're out of work and using it
up to cover your living expenses it will still be there if you
don't jump into something new right away. If you are burning
it up - look at how you could leverage that capital into
a freelancing business, selling your own services. You
must have something to offer.

Unless you find him repugnant already I suggest you
read some of Stuart Wilde's stuff on money. It's
the bridge between the internal and the external worlds
of prosperity he explains best.

As an aside - send me your URL and I'll look at your
product that isn't working out and I'll give you some
feedback.

Stop following opportunity and start following your passion. that's worth more than the 7k you have in your hand. That's #1

#2 Invest some of the 7k into expert advice. If you become a DOE member (Directory of Ezines) you get free coaching with Charlie Page. When I first met with him I had a negative cash flow, three things that he told me turned that around within a month. I'm still not where I want to be but his advice is still paying off and I haven't even seen it to completion yet. I'm not promoting this as an affiliate, just Google it and sign up. You'll be glad you did.

I would recommend buying big ticket things only if you have experience. If it's your last $7k, buying one thing with all of that money isn't the best idea. Honestly though, it's not about the money. Even if loose all of it (hopefully that won't happen) you should still not give up. it might actually give you a different perspective doing internet marketing with imaginary budgets
You should also figure out why your affiliate sites did not work. 'affiliating' can be made into a steady income stream if done right.

Honestly it sounds like what you need before spending in money is focus.

Pick one thing that you have some confidence in and go all out. If you keep switching mid-stream the only get are a few things done half ass when what you realkly need is one thing done really well. You can build from their.

Set the capital aside and narrow down your goal. Once you have a vision and end result in your mind (put it on paper its old, but wise saying) then be happy you have the money to invest and make it a reality.

In any market research is key. While you are sitting at a crossroads right now why not do some surfing around forums such as the Warriors and get some ideas. You never believe how many great idea are born in places such as these.

I wish you luck.

The short and simple answer would be to provide a solution to others problems... No I am not talking about info products or affiliate products.

Every single day there are members on this forum alone that have problems they want solutions to. Use that to your advantage and create the solution that will solve their problems. If you have had trouble with info products and affiliate products then forgot about them and provide a service that someone needs.

You do not have to invest $7,000 into a solution... Take $1,000 create a solution and slap the other $6,000 in the bank and leave it there, let it draw interest or whatever. Create your solution and start selling that solution to the hungry crowds that are having problems.

Once you get the service going then take 25% or more and invest it back into the service to improve it or expand it to cover other problems that people are having.

Sorry I am not being real detailed here but read the forum threads and you will soon understand what I mean ...

As GeorgR. stated he started with nothing.. Well many of us started with nothing and yes it is possible to build a entire business from nothing. You are lucky to have something to start with but you still do not need to use all that money.

James

you can start building xfactor sites.know the reason why google deindexed your sites.outsource article writing and link building process to philipines or india.that would be a good idea.make sure to do keyword research yourself.

Before you blow any more money you desperately need to get a mentor - simple as that.

"trying" this and that including flipping domains, buying and selling sites, testing niches with PPC or figuring out why your product flopped is merely gambling until you actually sit down and learn effective strategies from an experienced and PROVEN IM'er.

I see these questions all the time and the bottom line is this - GET A MENTOR.

You've already received some very, very good advice here, so let me add this:

Number One Reason people fail in Internet Marketing -- Doing nothing. Talking, planning, reading, thinking, but never actually doing. Obviously this is not your problem.

Number Two Reason people fail in Internet Marketing -- Not staying with anything long enough to make it a success. Hopping from this program to that guru to this great new method, on and on and on. What you've posted sounds like this to me. Internet Marketing IS NOT EASY and it takes a lot of work and focus and falling down and getting back up and trying some more. You do something, learn from your mistakes, then do it again and try not to make all the same mistakes. And slowly you get better at what you're doing.

If you believe your product is good, then post a link to the sales page here and we'll look at it and critique it. Take the criticism and fix the sale page and product, then do whatever it takes to make it work. If it's any good. Find out. No more excuses. Sorry if that sounds mean, but you need to quit making excuses and find out what you're doing wrong. And then fix it.

First, I'd say: Always work on your strenghts.

You said that you already have some adsense and affiliate sites. Google isn't the world man. Get rid of them!

Start driving traffic to your websites from other sources than Google. Make sure to set up your budget. I'd take my best performing sites and allocate $200 per month budget to start. Then, I'd watch my ROI and scale up from here.

Next step, choose a niche (better if you are interested or know the subject), and develop an information product funnel.

Don't blow your cash (and precious time). Get a mentor to show you exactly what to do.

Regards,
Franck

magwoi, I really don't know what your background is, but if you know a little about PPV advertising and are willing to do some CPA marketing, $7000 would be MORE than sufficient to get you to earning $100 a day (actually, that's very conservative) pretty quickly. Test your campaigns with small amounts first, and then once you find that they convert well, increase your spends. Many of the major CPA networks will pay you weekly if you can generate $1000 or more per week, so you can actually have cash in hand very quickly once you get good at this!

**UPDATE**

I would like to say thanks to all of the people who posted on this thread and who PM'd me in private.

I have reached my goal of $100 per day well before the 3 months and have hardly dented my $7K capital (:

I am posting this to remind those thinking of giving up that it is possible to make money online.

I decided not to go with the popular buying and selling websites/businesses model as I felt that there are too many sharks in that market just ready to eat me alive.

I did not go with CPA methods as I did not want my income to disappear as soon as the CPA campaign managers stop a profitable campaign. I also was weary of losing all of my capital on "testing" ppc campaigns.

I resorted to building quality Adsense Websites as the income would be reliable and long term.

I would not suggest buying a site on flippa for significant money until you learn more about the sellers and behavior on there. It is a dangerous place to lose money if you aren't careful!

It sounds like you have had your share of success. It can be scary when you feel your back is to the wall, which is where it sounds you see yourself. I know when I was in that position it led me to buy into all kinds of "get rich now" schemes. Those types of things prey on us when we are at our most vulnerable.

Stick with the tried and true methods of making $$$. What you put in is what you get out. No quick solutions.

Matt

Get Terry Dean's 'The naked truth about internet marketing'. It is basically 12 audios and PDFs of him, Glen & Sharon Livingston, Fred Gleek & Dave Oliver going over the basics. It is a step by step blue print on how to research, survey, create a product, host, promote, drive traffic, handle affiliates and more. It is $97. The cost to implement exactly as presented is much less than even $1,000 (and most of that is because Glen likes to use about $200 worth of PPC during the research phase).
I actually cannot imagine anyone failing if they follow that EXACT blueprint. Glen Livingston reveals his research and survey strategy that he credits with a 90% success rate in every niche he has entered.
Every single one of the people involved in that product are extremely intelligent, highly ethical and held nothing back. It is the only IM info product I have seen as comprehensive as it is.

The one drawback: you actually have to implement the actions they explain (in great detail).

With a success, (or a rare failure if you didn't get lazy on a step) just keep doing it. This is the exact method that Livingston made a huge amount of money (OK maybe not 'huge', but enough to make it worthwhile anyway) on an info product about... Hamsters! And again with alpaca farming! I mean if this system will work for things as obscure as that, how can you fail?

Then of course, you could go into the off-line marketing consultant field, but until something goes 'click' and the light goes on, it would not make sense to try to help someone do what you are struggling with. (Though in that behemoth of a thread on off-line marketing, there is a ton of valuable info that applies not just to that niche and might be worth the time to read no matter what kind of IM you decide to try.)
Good luck
(If I wanted to, I am sure I could come up with a few hundred thousand dollars to 'invest' in IM. My personal take on that is it would be counter productive. Being 'in the money' can be a great temptation to 'let things slide'...just for today. Trouble is, every day is today. Sometimes being poor and 'desperate' is a better motivator to NOT skip the parts of a process that appear useless but actually end up determining whether a venture is successful or not.
Other than paying for domain and hosting, an auto-responder and maybe outsource whatever parts of whatever model you decide on that you would have trouble with. (Like if you are a poor writer, outsource article or book writing and I think I'd always outsource back-linking because it is cheap to outsource and doing it yourself isn't 'paying yourself' very much unless you have an effective automated process that doesn't include spamming forums.

I would stop looking to spend a lot of money to make money. It could be more in your sales pitch. Maybe you just need to do the research yourself. Most of us are not lucky enough to have the kind of money you have to spend. So far I have been build my business on about 1G. More than some but less than others. Also I am not expecting to be rich over night.