What would "You" do with $3,000?

62 replies
If you had $3,000 to invest in IM ... what would you do?

I was thinking PPC or paid tools ..
#invest
  • Profile picture of the author Jsez
    I think i would invest a good chunk of it in PPC... But I would probably use most of it for outsourcing and tools that would make my IM life easier.
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  • Profile picture of the author keadams26
    Outsourcing and tools... definitely!!
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  • Profile picture of the author Lisa Gergets
    I'd definitely invest in a couple good VA's...and a new computer. LOL:p:p
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  • Profile picture of the author Michael Oksa
    I would buy the Warrior Forum from Allen.

    Hello!

    ~M~
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    "Ich bin en fuego!"
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  • Profile picture of the author John Durham
    I would hire two sales people to sell offline services for me fulltime for a month and create 20k with the 3k.

    Originally Posted by Michael Oksa View Post

    That's why it would be such a great investment.

    ~M~
    He (Allen) got me for about $160 last week... and you know whats crazy? I am happily looking forward to giving him thousands more!

    Wouldnt that be a great business to be in?
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  • Profile picture of the author Yichen
    Originally Posted by buckz55 View Post

    If you had $3,000 to invest in IM ... what would you do?

    I was thinking PPC or paid tools ..
    I would be do what I most want to do.:rolleyes:
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  • Profile picture of the author TChiu
    Aside from PPC, i would buy lots of solo ads.
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  • Profile picture of the author Enygma44
    Outsourcing my business away.....decreasing the amount of work I have to do while simultaneously increasing the amount of income :-)
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  • If I had $3k given to me today specifically for the purpose of investing in IM (more specifically, invest in my business), I would probably spend it on advertising, and hiring someone to create the ad/run the ad/etc.

    I would find something that had a good ROI, starting off small, and providing it yielded results, scale up from there. Some ads I have run on the WSO have had a good ROI, others not what I'd like. But that is one area you can start off small and scale up providing it works for you.

    - J
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  • Profile picture of the author Jagged
    find a roulette table at bally's vegas (always had luck there...) put it all on 11....
    at 35 to 1 odds...I'd collect my $165,000....I have a few major projects on the table & that would go a long way towards outsourcing
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    • Profile picture of the author paulie888
      Originally Posted by Jagged View Post

      find a roulette table at bally's vegas (always had luck there...) put it all on 11....
      at 35 to 1 odds...I'd collect my $165,000....I have a few major projects on the table & that would go a long way towards outsourcing
      This does not sound like a very high probability bet to me, are you sure you want to risk the entire $3,000 on one spin of the wheel? lol
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    • Profile picture of the author sal64
      Originally Posted by Jagged View Post

      find a roulette table at bally's vegas (always had luck there...) put it all on 11....
      at 35 to 1 odds...I'd collect my $165,000....I have a few major projects on the table & that would go a long way towards outsourcing
      ZING!

      we have a winner, folks.

      I like lateral thinkers.
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  • Profile picture of the author MatthewM
    I would by coaching services from a respected member of this forum. Outsource content creation and use about $1k to paid ads
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  • Profile picture of the author Judy Garland
    For me, I prefer not spending 3,000 on line. I would rather have a trip.
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    • Profile picture of the author FriendlyRob
      I would definitely outsource a good deal of my work. Especially the more mundane SEO type tasks.
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  • Profile picture of the author nicheman
    I would outsource (more than I currently am) according to my goals and create 2 pieces of much needed software. Oh and with the leftover buy the WF
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  • Profile picture of the author FiveMe
    3,000 to the dollar..

    set up a business
    buy a bunch of sites that are keyword geared
    redecorate, and optimize out
    Get a list of companies that look to have no online presence
    Sell it to one!

    Then take the earnings of that then invest in PPC/CPA
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    • Profile picture of the author rain21
      Originally Posted by FiveMe View Post

      3,000 to the dollar..

      set up a business
      buy a bunch of sites that are keyword geared
      redecorate, and optimize out
      Get a list of companies that look to have no online presence
      Sell it to one!

      Then take the earnings of that then invest in PPC/CPA
      this sounds good
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  • Profile picture of the author Dennis Gaskill
    I would think what you do would depend on your:

    - strengths
    - weaknesses
    - needs
    - business model

    For me, I'd probably hire a programmer to create a product or two based on my ideas.
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  • Profile picture of the author TheMagicShow
    Originally Posted by buckz55 View Post

    If you had $3,000 to invest in IM ... what would you do?

    I was thinking PPC or paid tools ..
    If you are new to ppc , then I would avoid ppc marketing at all costs. It can drain your budget fast and your conversions could be lousy.
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    " You can either give a man a fish and feed him for a day OR teach him how to catch a fish and it will feed him for a lifetime"

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  • Profile picture of the author tht222
    I would purchase domains and outsource the text writing.
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  • Profile picture of the author mkshekar
    If I have 3000 $ I would be making about at least 200 $ everyday gambling
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  • Profile picture of the author celente
    outsource SEO'd articles big time!!!!....and I mean big time. Keywords will be your focus.

    Just outsource to someone that can do some good work for you. then pay as much as you can to have someone spread them around to the top say 20 articles directories.

    Then you have yourself a winner. Oh yeah!!! Keep the rest and use it to drive more traffic...banner ads, blog ads on top traffic sites in your niche....and watch the sales come flying in.

    hope this helps.
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  • Profile picture of the author Bane
    Originally Posted by buckz55 View Post

    If you had $3,000 to invest in IM ... what would you do?

    I was thinking PPC or paid tools ..
    I'd buy Brian Burchard's experts academy and spend the other 1k on what I learnt.
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  • Profile picture of the author CyberSorcerer
    Personally, I would just continue doing what I'm doing now. Nothing wrong with my current business setup.

    So the $3,000 would be a good night out in Vegas, cheaper for me because I already live here. LOL
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  • Profile picture of the author nelaffiliate
    With 3000 dollars would promote a good product effectively on Facebook. I would monitor my conversion and profits from that product and then look for other great products to promote using the same medium of finding targeted buyers.

    I would research new niches to go into. Outsource the creation of mini-sites and the writing of articles. I would also outsource backlinking for the websites.
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  • Profile picture of the author paulie888
    I think the answer is going to depend on your current business model, and where that money would yield the most benefit. If what you're presently doing is time and labor intensive, then outsourcing would probably be the best place to spend those funds. On the other hand, if you are currently using paid advertising which is giving you a good ROI (return on investment), then it'd be best to spend most of it on additional advertising!

    Paul
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  • Profile picture of the author Dmaind
    Without giving a second thought I will start building list in IM niche. My target would be to build atleast 2000 subscribers in that amount of money.

    D Maind
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  • Profile picture of the author Billy Rey
    id go take a weekend off, splurge and reflect on how to improve the business.
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  • Profile picture of the author simplebutcreative
    Originally Posted by buckz55 View Post

    If you had $3,000 to invest in IM ... what would you do?

    I was thinking PPC or paid tools ..
    I would definitely spend it on some useful tools to improve my blog, spend some money on a new design, and advertisements.
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  • Profile picture of the author JaniG
    Originally Posted by buckz55 View Post

    If you had $3,000 to invest in IM ... what would you do?

    I was thinking PPC or paid tools ..
    $3,000 is not that much to use on PPC

    you could lose that in a day or even a few hours

    the question is what would you send that traffic to ?

    well my advice is what ever you do, send ALL your traffic you spend your money on, to an opt in page and build your list!

    so take that $3k

    invest in some good solo ads that will get you a good sized list to start off with.

    bare in mind i just spent $3,000 on my hosting bill for the last 3 weeks!

    lol

    hope that helps

    Jani G
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    • Profile picture of the author paulie888
      Originally Posted by JaniG View Post


      bare in mind i just spent $3,000 on my hosting bill for the last 3 weeks!

      lol

      hope that helps

      Jani G
      I hope you don't mind me asking, but how on earth did you rack up a $3k hosting bill over the last 3 weeks??

      Paul
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      • Profile picture of the author Richard Van
        Originally Posted by paulie888 View Post

        I hope you don't mind me asking, but how on earth did you rack up a $3k hosting bill over the last 3 weeks??

        Paul
        I thought that Paulie.

        Thats exactly $52,000 a year on hosting. That means, I assume, the chaps earning some serious dollar.

        It also means he could afford to give the the 3k to someone who needs it.... It is Christmas.
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        • Profile picture of the author paulie888
          Originally Posted by Richard Van View Post

          I thought that Paulie.

          Thats exactly $52,000 a year on hosting. That means, I assume, the chaps earning some serious dollar.

          It also means he could afford to give the the 3k to someone who needs it.... It is Christmas.
          I know, that is definitely some serious coin for hosting fees/charges. The only way I can see fees being that high is if he was using multiple dedicated servers for dozens of sites!

          Paul
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  • Profile picture of the author LiamMcIvorMartin
    I'd finally upgrade to my canon 5dMKII and then hire a camera guy to shoot a whole bunch of content all day for my tutoring company.
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  • Profile picture of the author Frits
    tools and Outsourcing...
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  • Profile picture of the author insidmal
    I would buy a lot of advertising.
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    • Profile picture of the author Vilvop
      Originally Posted by insidmal View Post

      I would buy a lot of advertising.
      Advertising is useful in many ways and helps much IMO.
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  • Profile picture of the author WikiNoobie
    I would invest it in Non IM niche. making ebook about it.
    I would outsource the content to others to create an ebook from me.
    then i would rinse and repeat that.
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  • Profile picture of the author JustinDupre
    Outsourcing article writing and some backlinks
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  • Profile picture of the author Rukshan
    Will get membership of coaching web sites, invest on domains and hosting and do PPC.
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    • Profile picture of the author halfpoint
      I'd buy some hosting with a large amount of C Class IP's and then I would buy some expiring PR2+ domains from GoDaddy Auctions and sell links on them for x$/month.
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  • Profile picture of the author myrnasy
    Originally Posted by buckz55 View Post

    If you had $3,000 to invest in IM ... what would you do?

    I was thinking PPC or paid tools ..

    I would use it in buying a website and in outsourcing for maintaining my site and increasing my income.

    What's the average price of a website anyway?
    Would the $3,000 enough for buying a site?
    Where can we find good sites for sell?
    And what are some important considerations in choosing a good website?
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    • Profile picture of the author Richard Van
      Originally Posted by myrnasy View Post

      I would use it in buying a website and in outsourcing for maintaining my site and increasing my income.

      What's the average price of a website anyway?
      Would the $3,000 enough for buying a site?
      Where can we find good sites for sell?
      And what are some important considerations in choosing a good website?

      Yeah 3k sounds great. I have a bunch you can buy now.

      Sbucciarel sells fully functioning excellent blogs on here for just $17. It depends what you want but I wouldn't go round offering just anyone 3k for any old site.
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      • Profile picture of the author paulie888
        Originally Posted by Richard Van View Post

        Yeah 3k sounds great. I have a bunch you can buy now.

        Sbucciarel sells fully functioning excellent blogs on here for just $17. It depends what you want but I wouldn't go round offering just anyone 3k for any old site.
        Richard, I'd like to add that I'd be trying to look for sites that were generating at least $500-$600 in monthly revenue (i.e. towards the low end of the typical 5X-10X monthly income that sites typically sell for).

        Paul
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        • Profile picture of the author Richard Van
          Originally Posted by paulie888 View Post

          Richard, I'd like to add that I'd be trying to look for sites that were generating at least $500-$600 in monthly revenue (i.e. towards the low end of the typical 5X-10X monthly income that sites typically sell for).

          Paul
          Myrnasy-What's the average price of a website anyway?
          Would the $3,000 enough for buying a site?
          I know Paulie, I was kidding. I have a few blogs kicking around doing nothing. I thought if someone wants them for 3k a pop I certainly wouldn't hesitate!
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          • Profile picture of the author paulie888
            Originally Posted by Richard Van View Post

            I know Paulie, I was kidding. I have a few blogs kicking around doing nothing. I thought if someone wants them for 3k a pop I certainly wouldn't hesitate!
            True, I also have a few blogs that aren't really doing much, and I'd love to let them go for 3k a pop too!
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  • Profile picture of the author Anne1985
    I would invest them in more marketing tools!!
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  • Profile picture of the author Barry Unruh
    Originally Posted by buckz55 View Post

    If you had $3,000 to invest in IM ... what would you do?

    I was thinking PPC or paid tools ..

    I would use it to hire a good VA to take over the tedious tasks I do not want to do anymore.

    I would join a good membership/coaching site to help keep me on track and focused on executing plans. (My wife currently does the "keep you focused" job.)

    I would buy more promotional materials from Fiverr sellers.


    Now, the bigger question should be what will you do to overcome the weak spots in your current place in IM. Do you need to have a coach to keep you focused and accountable? Do you need to invest in traffic using PPC? Do you need to develop a product to sell yourself? Do you need to have a Virtual Assistant or two to create content, do your social bookmarking, setup blogs, etc.?

    The important thing is to make sure your $$$ of investment will give you a long term ROI instead of a quick flash of cash.
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  • Profile picture of the author kayaman
    i will ask allen for private coaching
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  • Profile picture of the author darkwizgemz
    [DELETED]
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    • Profile picture of the author MagicAce
      I would keep $1000 for months of hosting and auto-responder.

      I would find 10 profitable micro-niches.
      I would write 1 short report for each of this niches.

      I would buy 10 domains.

      I would outsource the writing of articles in each of this micro-niches.

      I would transform the articles in videos.

      I would submit the articles to article directories.
      I would submit the articles to sites like scribd and others.
      I would upload the videos using tubemogul.

      After someone buys I will take him to a page where for another bonus short-report or more information he/ she will suscribe to my list.

      After that I will build 1 to 3 backlinks per day for each of the reports.
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  • Profile picture of the author patadeperro
    I would invest 1500 in my education and the rest applying the education I got.
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  • Profile picture of the author Jay norestin
    Banned
    Beware: Do Not Spend any money in advertising if you havent made any money... PPC is for people whos banking who have $1000 budget for testing...
    1.Build some sites around some specific products and get backlinks from Fivverr.com to rank them.
    2. Buy PPV traffic to build a list..
    P.S. Stay away from PPC you will always lose if you dont have a big budget...
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