17 With £850 To invest

16 replies
Hi there, I'm Tarik 17 from UK and my mum and dad have given me £850 to invest into my business.
I've been Internet marketing for 3 months and have been learning from matt carter.
So I figured I would just use the money for domain names. Though, I know I can stretch just a bit further with it. So is there any essential or very beneficial tools I would need to make my life easier as an IM?
I've heard marketing Samurai is awesome...

Thanks
#£850 #invest
  • Profile picture of the author Alexa Smith
    Banned
    It all depends on exactly what you want to do, Tarik.

    You're starting off with about £750/£800 more than I did, and I suspect possibly with about £750/£800 more than you need, really.

    I recommend that you join the War Room here ($37) and at some point buy some good-quality hosting (e.g. from HostGator or wherever - about $7 per month?) and at some other point probably spend a little more on some domain-names, after you've learned/decided a lot more about exactly what you want to do. (Don't register the domain-names through your own hosting company, whichever one you use: keep that separate.)

    And keep the rest - at least for now. Don't start buying lots of e-books.

    Many people say good things about Market Samurai, it's true (I don't use it, myself). Why do you feel that it might be useful for you?

    I wish you good luck (and wish I'd started when I was 17).
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    • Hi tarik..My name is Masud. I am 21 with £1000 pounds to invest. i worked 6 months on minimum wage to raise this money and i want to do what your going to do. I dont think you need market samurai yet. if you really need key word research you can pay some one fiverrr to do it, after that you can decide whether market samurai is useful or not. i saw a post a few weeks back that after the google algorithm change market samurai has lost some credibility. i could be wrong as i am no expert. Start of small (test different things) with your money and when you find some thing that works then stick to that.Thats my plan and i am in a very similar situation to you so thats why am saying this,how ever as i said i am no expert.

      another thing...learn how wordpress works.
      Go to wordpress.com/ and sign up for your free blog. I learnt the wordpress frameworks from it. How ever the free version does not have php editting or a proper domain name and custom theme options but it will definitely help you make professional websites in a few hours. Add me to friends list and maybe you can exchange a few ideas on what works and what doesn't.
      Signature

      Disclosure: I am not making money on line yet...soon though!

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      • Profile picture of the author Alexa Smith
        Banned
        Originally Posted by newtoebookswriting View Post

        Why do people say don't host your domain names on your hosting company?
        If ever you have a dispute, disagreement or difference of opinion with your hosting company, you may want to be able to re-host your site somewhere else within an hour or two. If you're in control of the domain-name and its redirects, that shouldn't ever be a problem. If they are, you may find all sorts of delays, inconveniences, injustices and unforeseen expenses involved. It's one of those "Oops, I wish I'd read all the terms of service really carefully" moments, and you can avoid some potential disasters.

        If you look around, here, in enough detail, there are many real business horror stories which could so easily have been avoided simply by having registered and hosted in two different places.
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        • Profile picture of the author Stuart Macfarlane
          Originally Posted by Alexa Smith View Post

          If ever you have a dispute, disagreement or difference of opinion with your hosting company, you may want to be able to re-host your site somewhere else within an hour or two. If you're in control of the domain-name and its redirects, that shouldn't ever be a problem. If they are, you may find all sorts of delays, inconveniences, injustices and unforeseen expenses involved. It's one of those "Oops, I wish I'd read all the terms of service really carefully" moments, and you can avoid some potential disasters.

          If you look around, here, in enough detail, there are many real business horror stories which could so easily have been avoided simply by having registered and hosted in two different places.
          I work for an un-named hosting company based in the UK and can certainly backup Alexa's comment here as I've seen it happen.

          Customers have got into bad debt, we've suspended their account and because they don't have the money to get out of debt and we also host their domains they are basically offline period until they come up with the money.

          This is just one scenerio and only happens in rare extreme case's but its a perfect example of exactly this happening!
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  • Profile picture of the author Zabrina
    My advice? Set aside a few hundred dollars for expenses, then invest the rest in a GIC or something similar that keeps your money for three or six months so you can't spend it. It'll be very tempting to blow it all on one expensive £750 e-course.

    You can get started from scratch for a couple of months with hosting, a couple of domain names, and spare change for the War Room membership. You don't need to buy any training materials, WSOs, or anything of that sort yet.

    Once you're consistently earning money, then pull that money out and invest it into outsourcing and scaling what you already do successfully up.

    Money spent on an actively income-generating activity will help increase the income it generates. Money spent to find an income-generating activity has this way of vanishing.

    It's a really cool opportunity, so keep that money a little longer until you know exactly what you need to invest it in.

    Edited: LOL. Of course, Alexa posted first with very similar advice. *snaps out of groupthink*
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  • Profile picture of the author paulie888
    Tarik, I'd follow the advice that has been meted out above. You're still pretty much brand new to internet marketing, and it'd be incredibly tempting with so much money at your disposal to blow it on courses, tools and advertising when you're not really at the appropriate stage in your internet marketing journey to do so.

    If you feel the need to spend money on something, spend it on the War Room. Additionally, spend another $20 on so for your domain, hosting and autoresponder. Construct one site first, and then try to make it generate some revenue before moving on to building additional sites. Keep the rest of your money for later, when you'll have a better idea about how to spend it effectively and profitably.

    Paul
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  • Profile picture of the author Gaston Wolf
    You're still pretty new to IM. I'd save most of it, investing in software is good though. Even if it costs you money you can still make back the money if you're smart about it. Scrapebox is absolutely brilliant and can be bought for a mere 57 dollars, which is super cheap. Scrapebox can be used for a lot of things!

    Things you need as an Internet marketer:
    * Good, reliable web hosting
    * Certain software to make things automated, unless you want to spend ages building backlinks, or you could outsource your backlinks for even more ease!

    Occasionally buying a good WSO can help create new revenues, so keep and eye out for popular WSO's.

    A little money for starting up is good, for domains and hosting etc. But you don't need a great deal. Keep it saved and ready incase you need it for a big project one day!

    Good luck!
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  • Profile picture of the author Stuart Macfarlane
    Originally Posted by Tarik93 View Post

    Hi there, I'm Tarik 17 from UK and my mum and dad have given me £850 to invest into my business.
    I've been Internet marketing for 3 months and have been learning from matt carter.
    So I figured I would just use the money for domain names. Though, I know I can stretch just a bit further with it. So is there any essential or very beneficial tools I would need to make my life easier as an IM?
    I've heard marketing Samurai is awesome...

    Thanks
    Think of how many Facebook advertising campaigns you could run at $0.01 CPC with £800

    PS: Added me to Skype and I'll be happy to answer any questions or point you in a good direction "free", I don't want to see a fellow UK based person get suckered into paying out £800 on crap
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    • Originally Posted by Stuart Macfarlane View Post

      Think of how many Facebook advertising campaigns you could run at $0.01 CPC with £800

      PS: Added me to Skype and I'll be happy to answer any questions or point you in a good direction "free", I don't want to see a fellow UK based person get suckered into paying out £800 on crap
      where were you before I unloaded thousands of my money ;<
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  • Profile picture of the author brandless
    Yeah, I suggest you invest part of the money in learning something really good, War room is a great option people say, and then use the rest to take action and implement a strategy
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  • Profile picture of the author Tarik93
    Awesome really really helpful info thanks guys and gals
    and ill be sure to add you Stuart thanks man
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  • Profile picture of the author Jake Gray
    That's a lot more then most people have to invest when first
    starting out, that's for sure. As for the set amount, there really
    no is exact amount that you need. Everyone goes in different
    directions such as becoming a service provider, etc. With £850,
    you can get creative for sure.

    You surely don't need to spend £850 at first. Perhaps you can
    invest a quarter of that amount and save the rest. If you plan
    on blowing it all without a plan or much guidance, you will lose
    it for sure. Find a method that works and stick with it. Also, I'd
    take some of that money and get War Room access. It's one of
    the first things that I bought when I joined this forum and there
    are some goldmines in there for sure.

    Jake
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    • Profile picture of the author paulhollins
      Like most of the guys on this thread... don't let the £850 burn a whole in your pocket.

      A lot of the products/services to get you going are now available totally free of charge, so it makes sense to utilise those resources before even spending a penny on a paid-for service.

      This will give you a 'feel' of what needs to be done in IM. I'd hate to see you burn through the £850 only to find IM isn't for you and then you end up with £0 to invest in something else.

      Maybe it's worth setting aside a small budget for things like hosting, domain names, etc and perhaps one good course. The rest? stick it in a bank for now while you figure out your next steps.

      Hope that helps?

      Paul.
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      Paul Hollins, Creator

      www.thezerocostmethod.com - How To Create Your Own Profitable Products
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  • Profile picture of the author MMMConsulting
    I currently have £1000 to invest into a big project. I have also learned from IM that knowledge is power, and the more you have, the more chance of success, and less chance of failure. I have created a few websites, and have got a natural feel for IM and how things work online, and has given me a great insight into how it is. I will be honest however, I am a lazy guy! I do not like doing too much work lol..as a student in the UK at university studying Marketing with Finance Ba, this course has taught me alot about how marketing works, offline and online. I have also learned that the key to success is a person with a business mind, this doesnt mean go out there and spend like crazy!

    A business minded person knows that they dont need to work in their own business, they outsource and hire people to perform the tasks for them. This is the part where the business mind comes into play, whether you see success or failure. The best approach to take would be to do your research, have a business model, and business plan that you can follow till you see success. However, if you were to blindly go in, and spend your money in IM, you will fail, terribly...and most people give up after this, do not be one of these people and lose all your money pointlessly! Take some time, do some research, learn a proper business model that works for you, and one in which you can ENJOY...it is a proven fact, when people enjoy performing a task they like, they are more likely to carry on enjoying and taking consistent action, as it has a fun element to it.

    My aim is to outsource 40 mini site creation, with SEO, and have done my research on the people to use, and have drawn a conclusion to who will be making my websites, and who will be performing SEO. Seeing as the research has been done, Business plan is in place, and a business model which works based on adsense earnings. These people are the people I will be working with long term, and will keep each other happy, as we both meet each others needs in regards to work and money.

    Best tip I can give, use your money and time wisely, do not spend pointlessly on the next big thing, as there is no such thing as the next best thing! The next best thing you can do as a business person is...Research and preparation, a business model that suits your needs, and finally, take action on something that works for you, and keep working at it until there are results, never give up, as everything will work with the right amount of effort and input!

    I hope this has post has helped to give you an insight on how I went from a beginner IM'er to an Intermediate IM'er, all because of the help of the WarriorForum and its members, there are some fantastic people on here looking to help you, and teach you, search around and you will find the answer to almost anything regarding IM, I have been researching for the last 3 years, and have gathered enough knowledge and information to take action on huge projects, and know where to spend my money, and on what projects as well!

    Get started on a few niche websites, so you can get a feel of how IM works, experiment and test for free, so you learn and know for the future!

    Wow this has been a looong post lol, sorry to bore you all with my story and input, I hope it helps someone though!
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  • Profile picture of the author swagcentral
    This isnt really "investing", but put your money to use by buying low selling high. On liquidation.com there's a bunch of stuff you can get wholesale for the amount you have right now. Try shipping stuff in wholesale, and then selling it through popular free classifieds. You could probably increase that 850 Euros to 1400 Euros within a week or two.
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  • Profile picture of the author simonbuzz
    Banned
    my advice will be that don't waste your time and money on automation tools...
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