investing 3K , what would be the best way?

19 replies
Alright , so I got around $3,000 - $4,000 to spend in IM ....

What would you do if you were in my position ? Product creation , CPA ?

I'd like to get a good income going , let's say $100-$200 a day.... Is this possible with 3K-4K ?

PS. i want to outsource mostly everything
#investing
  • Profile picture of the author jrianto
    There are simply too many things to do. I would think it's best to doing what you enjoy the most daily, pick one product or niche where you are comfortable with and know a lot about it.
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    • Profile picture of the author buckz55
      I was thinking of outsourcing a site with professional designed graphics , very good sales copy , very well written ebook ..... what would that run me?
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      • Profile picture of the author SantiSantana
        The sales copy alone could wwell it all of that and then some.

        My advice to you is do as you would do with an offline business: write a business plan first.

        If you cannot put in writing what you want to do, you canĀ“t run a business. You might be able to carry on for a while, or even get lucky and hit a pot of gold early on but chances are if you cannot create even a basic business plan first you will fail.

        As the saying goes "failing to plan =planning to fail"

        Get that business plan going. That way you will probably find out what you actually want to do and where the money has to be spent all by yourself.

        Just my 0.02
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      • Profile picture of the author DogScout
        Originally Posted by buckz55 View Post

        I was thinking of outsourcing a site with professional designed graphics , very good sales copy , very well written ebook ..... what would that run me?
        $37 + installation Niche Marketing Blogs - we build niche marketing blogs for sale

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  • Profile picture of the author Andy Hart
    Originally Posted by buckz55 View Post

    Alright , so I got around $3,000 - $4,000 to spend in IM ....

    What would you do if you were in my position ?

    I'd like to get a good income going , let's say $100-$200 a day.... Is this possible with 3K-4K ?

    PS. i want to outsource mostly everything
    What experience do you have?

    If you want to outsurce everything I'd highly recommend you do the tasks that you want to outsource first, so that you know the results your outsource workers are giving you is acceptable. Also you need to know exactly what is involved in the tasks your asking to be done.

    As for what to spend the money on???

    It depends on what route you want to take, there are endless different business models.

    Thanks
    Andy
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  • Profile picture of the author matrix1989
    The first thing i would buy is Market Samurai
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  • Profile picture of the author Droopy Dawg
    Me personally... I'd research a hot niche, and invest (about $1500) into a PPC campaign for the hottest CPA offer.

    I see you'd like to outsource everything... but that's what I'd do, then double/triple that that investment.
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  • Profile picture of the author moneyblogger1
    I think you should hire a mentor. You many not see the returns right away but a mentor will prove invalualbe over time.

    Mentorship is the first thing I bought and it costs me around $60 USD per month
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    • Profile picture of the author TKO
      I'd invest the 3-4K in blue chip shares and leave it there for long term benefits.

      Don't spend any money on anything unless you have a plan.

      Learn from this forum and take action. The path you take will be determined by what you're good at and what has given you returns.

      If you take action and start earning some money, invest in leveraging what ever is working. Any surplus money should be added to the initial 3-4k share portfolio.

      Before you know it, the portfolio can become very handsome.

      The answer you probably want to hear,

      If you have to ask whats the best way to invest your money, I would say give it to me. I have a magic wand that you could buy that will give you the lifestyle you're after and all the money you can handle on autopilot.

      If you have to ask, you're not ready yet. Research,test and get your feet wet, then you'll find the answer grasshopper.
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  • Profile picture of the author dualdtmz
    Depends on how you want to market online...PPC or SEO?

    If you go with PPC then I would go with CPA offers and setup adwords campaign in MSN. Zero friction marketing does a great job explaining this. That 3-4k should be gone pretty quick.

    If you go with SEO then I would save about 1,000 of that money which will buy you about 100 domains to start with. then put the REST in the bank as you may need it in the long haul because SEO may take a bit.

    Thats my .05 worth, it used to be .02 cents but with inflation in all...
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    you're supposed to put a link here to sell something

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    • Profile picture of the author AmyBrown
      Originally Posted by dualdtmz View Post


      If you go with PPC then I would go with CPA offers and setup adwords campaign in MSN. Zero friction marketing does a great job explaining this. That 3-4k should be gone pretty quick.
      Truer words were never spoken...

      Research, formulate a plan of action, sleep on it, and then invest.
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      "Test fast, fail fast, adjust fast."
      Tom Peters

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  • aww man the stuff I could have achieved quicker with that money and the knowledge I have now xD
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  • Profile picture of the author rondo
    Spend a couple of hundred on tools:
    ie web hosting, domains, autoresponder, software, perhaps an ebook or two.

    Then decide on your strategy before you spend much more. This might take some time, trial and error but the good news is you don't have to spend money to do this.


    Andrew
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  • Profile picture of the author SeanSupplee
    Give it to me? lol jk

    Anyways invest in teaching yourself and gaining knowledge first. After you do that you will be able to devise your own workable systems and test different methods and come up with the next game changer and build a site around it.

    Also by educating yourself you will be better able to outsource and have a understand of what your article marketing outsource is doing, your seo expert is doing or your web designer.

    Knowledge is power get yourself rolling in the right direction.
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  • Profile picture of the author johnpetrov
    Invest in your IM education first.
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  • Profile picture of the author Buildingfutures
    Oh, I love these threads. Lets me know what I'd do if I were to ever come into contact with cash like this laying around.

    Firstly, I'd hire out freelancers to build my site, product, and copy.

    I handle all my SEO, and traffic generation.

    I'd buy an autoresponder. Maybe have the guy who did my copy do some follow up emails for me for a backend product I had product guy create.

    And then I'd invest the rest into good reading and eating.

    Woop! Thats it!

    -Sean
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  • Profile picture of the author jaiganeshv.com
    Hi-

    I would advise as below:

    1. Find a unique freebie to giveaway to your list free


    2. Create a professional squeeze page free


    3. Add catchy lines free


    4. Put your Autoresponder form in it max $15 per month(free first month)


    5. Add the link in your forum signature free


    6. Go for cheap CPC max $50 per month


    7. Do article creation and submissions write or get written - max $75


    8. Do blog commenting free


    9. Create and submit videos to video sharing sites with your squeeze page link in it watermarked max $75


    Do the above mentioned steps for 3 months and then you'll see your list in 4 figures, then
    Listswap, Adswap, AND THEN promotion of your and others products


    All the very best to you!!

    Jai
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  • Profile picture of the author buckz55
    thanks for your replies all , appreciate it .

    how much would it run me for a good sales copy?
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  • Profile picture of the author John Romaine
    I spent $4,000 on one sales letter last year, so you'd better keep saving. And that was a CHEAP one.

    In all seriousness though - take your $4K and put it in your pocket. Unless you have a definitive strategy and an advisor or mentor - what you're doing is whats commonly known as "gambling".
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