My name is Brock, and I'm relatively new to the forum (and the world of IM, for that matter). I am currently launching 10 Jan Roos style Amazon minisites, one at a time, as my first attempt at passive income. If there's one thing I've heard over and over on this forum, it's FOCUS ON ONE THING AT A TIME, so I'm doing that.
Now, some people don't have any start up capital, and that's why IM is so attractive. You really don't have to spend any cash to begin earning money online. In fact, a lot of you seasoned vets repeatedly urge newbies not to spend any money, at least at first.
I, however, have a pretty good job and plenty of expendable income (I'm 26, single, no mortgage, no debt). I am outsourcing almost everything and seeking to learn just enough to ensure my "employees" are doing a good job. After all, if you want to manage a restaurant, you better know your way around the kitchen!
That said, my question is: If you had some money, say $1,000, to spend on creating something that would generate regular monthly income, how would you spend it?
Would you buy a ready-made website from Flippa? Would you hire a mentor? Would you buy a couple of WSOs? Would you spend it all on domains and hosting and build a ton of niche sites yourself?
I'm really looking forward to everyone's input, but let me make one thing clear: I don't want to hear the answer "I wouldn't spend any money" or "Save your money". Even if that's good advice, it's not why I'm creating this thread. Thanks in advance for your opinions!
P.S. I don't mean to sound conceited by saying I have lots of money to throw away...this isn't the case. I just like the idea of working smart and haven't found any discussions about investing start up capital on this forum.