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If You Had 1k To Invest, What Would You Do?

by bmcgoff
97 replies
Hello,

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!


-Brock


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.
#capital #invest #investing advice #newbies #start up
  • Profile picture of the author mattjay
    greetings brock. welcome to the forum. first off, congrats on having alot of expendable income times are tough right now so not everyone does. amazon review sites can make some money so that's a good thing. i would advise investing in more outsourcing and building an empire!

    the main thing with IM is finding something that works from you and building on it. if you find that building roos style affiliate sites is making you money, even something like 20 bucks a month, then build a ton of them and expand your efforts. if you build a list, you can email those members on new products released and reviewed on your blogs. the thing that got me making money online consistently is just what you said: i focussed on one thing and got it to work, a solid system, then built on it. that is what i would advise you to do. get your system down to a science, then build more and more sites or whatever and invest a percentage of your profits, whatever they are, into duplicating what works. for me, it's just that simple.

    i have seen quite a few threads about people building sites that make 50 bucks a month. one guy i know here has over 500. he started out with just one that worked for him.

    hope that helps. be careful with outsourcers and always watch what's going on. there are some solid workers in other countries that will gladly accept some money, which is generally worth much more to them than to us, for quality work. however there are also scam artists.

    one more thing....join the war room you won't regret it. there's a ton of useful info in there and it's cheap.

    god bless
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    • Profile picture of the author bmcgoff
      @mattjay - Thanks for the feedback! It seems that finding something that works, even if it's small is the most important thing. As long as it works, you can duplicate it...and the sky is the limit!

      @Lyanna - Sounds like a solid plan. The only thing I haven't tried yet is PPC...I figure after my sites are all up and running and have aged for a while, I'll start putting any money they make into PPC. Thanks for the tips!

      @CyberSorcerer - That's my goal as well, to keep growing the "empire" until it sustains itself!
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  • Profile picture of the author CyberSorcerer
    Do what I always do, start yet another business or invest in one.

    My current business support themselves so they don't need any investment.
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    • Profile picture of the author Lyanna
      I am currently working on an affiliate site, my first one is making $150 a month so I will be making a few more similar websites and blogs.

      I would basically use $1,000 to set up more of these niche sites and for PPC.

      The tasks that I need to do would be:

      1. find affiliate products to promote
      2. keyword research
      3. buy domain names (multiples for each niche)
      4. get hosting
      5. set up wordpress
      6. write content
      7. build links
      8. try PPC

      I could probably outsource some of that. I wouldn't bother buying anything else. No WSOs or mass spamming link software.
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  • Profile picture of the author dvduval
    I tend to invest in things I'm knowledgeable about. In my case I have invested $1000 (or similar) many times, so I have a good foundation, and have a good idea what will work. I'm pretty conservative, so when I was starting out I worked with smaller sums.

    I think the key for you right now is small successes. Develop a model that works. Then build on that model, whether that be developing the software or site design that runs your sites, or developing marketing strategies (lots you can do on Facebook right now if you build your friendships).

    Remember there is a time period it takes to break even with your investment. In my case, it is not uncommon for me to spend $500 this month, and then it take about a year to get that $500 back, but then I tend to get $500 the next year and the next year, etc.

    Don't rush it. Spend time thinking about your model, studying others, making notes, etc.
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  • Profile picture of the author Rukshan
    Don't buy any products from gurus. Just apply basic IM knowledge with making new micro niche sites for Adsense, Amazon and Clickbank. First you need a niche finder. I recommend brad callen niche finder to do that. Then find keywords with 1000 exact match and $1+ CPC with less competition. After that you can register domains and buy hosting.
    Then install wordpress and use CTR theme. Now you need unique content. I fill 2-5 articles per blog and build backlinks. I think you can hire a person to write articles at elance or Odesk. Then buy software to build backlinks. I use AMR, Senukex, BMD and scrapebox in a VPS.
    Wait few more days and see results You can repeat above model to earn much!

    Regards
    Rukshan
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    • Profile picture of the author Sathia Seelan
      Hi Brock, if I were you I would do this:

      Considering I am seeing some income from the Amazon sites:
      1) I will enroll to another Amazon coaching which is quite popular in the WSO - so that I will learn from both experts.
      2) Create another 20 such Amazon sites and work to rank them better.
      3) Purchase a good backlinking software or platform for all my Amazon sites.
      4) Outsource Amazon reviews from my top ranking sites to some pros in Elance.

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    • Profile picture of the author tekman
      Originally Posted by blog8491 View Post

      Don't buy any products from gurus. Just apply basic IM knowledge with making new micro niche sites for Adsense, Amazon and Clickbank. First you need a niche finder. I recommend brad callen niche finder to do that. Then find keywords with 1000 exact match and $1+ CPC with less competition. After that you can register domains and buy hosting.
      Then install wordpress and use CTR theme. Now you need unique content. I fill 2-5 articles per blog and build backlinks. I think you can hire a person to write articles at elance or Odesk. Then buy software to build backlinks. I use AMR, Senukex, BMD and scrapebox in a VPS.
      Wait few more days and see results You can repeat above model to earn much!

      Regards
      Rukshan
      HI, I added you to my AIM. Can you point me to some people I can outsoure some of what you discuss? How much money do you make or is possible with what you discuss? Thanks. Look forward to your reply.
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  • Profile picture of the author terrencewan
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  • Profile picture of the author sme
    You can just use the $1000 to hire people to write articles for you. If you are planning to go the SEO route, then one time or another you will have to hire article writers to do the work for you. If you have the money, then you can start with it right away. Every other thing (like keyword research, setting up a basic blog, SEO basics) you can and should learn.
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    • Profile picture of the author magnates
      I would find the one thing that works and expand on it until I get the income I desire . Finding the one thing that works for you is amazing and if you can find a way to reduce the cost or increase your output maybe through automation or semi-automation you are starting with a position of strengths .

      If I had 1k to invest , I would create more profitable products that genuinely helped people and also made a profitable return . I would invest in relationships , teaming up strategically with people that are honest and creating results so that the next time round it is easier and quicker to create results .

      I do not want to be doing what I did 1 year ago . Always want to improve and move forward even if it is a small step forward.

      hope that helps you in some way
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  • Profile picture of the author Tony Dean
    Welcome to the forum Brock.

    If you have several websites up and running right now spend the $1,000 on Google Adwords and drive traffic like crazy to all sites at once and double or even quadruple the $1,000.

    You set up the sites to get income from them after all, so go to it!
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  • Profile picture of the author bmcgoff
    Thanks, everyone for your insights. I am hearing a theme of investing in:

    1. Outsourcing
    2. Coaching/mentoring
    3. PPC

    I'm already investing a lot in outsourcing, so it's time to try the other two. Keep the suggestions coming!
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  • Profile picture of the author bmcgoff
    Originally Posted by Chris Kent View Post

    Still, doing things yourself will teach you a lot about marketing (through sheer trial and error) that investing a sum probably won't.
    I hear you on that...it definitely helps to force yourself to learn each step of the process (regardless of what angle you're taking) before handing it off to someone else.

    I actually built my first site from scratch with no knowledge of Wordpress or SEO. It took about 20 times longer than it should have and didn't rank for a long time. Now, however, it's on the first page of Google for my main keyword. It's not a money maker (again, I was a even more noob than I am now), but at least I learned how to build and rank a site.

    Now I just have someone else build them for me for about $100/each...can't beat that!
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  • Profile picture of the author Sun64
    I would buy tons of per-made websites to sell products and receive commission.
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  • Profile picture of the author pmbrent
    I would look for a mentor/coach so I wouldn't be aimlessly wondering around and possibly wasting money.
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  • Profile picture of the author pdrs
    Buy 100 Reviews in Jan's style from me!

    Seriously though, it sounds like you're on the right track. Use that money for outsourcers to handle site maintenance, link building, and to basically build out more sites, at least that's what I've been doing.

    If you're really knowledgeable in a specific niche then you may want to invest some of it into product creation/promotion and start building a list that way as well. But since you're just getting started (relatively in comparison to some, Jan's course is excellent and will make you money), I'd focus on the niche sites until you're seeing some nice income from them and use the $1000 to make sure you can keep building out.

    Good luck man!
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  • Profile picture of the author leiden
    It really depends on how comfortable you are with losing the whole amount. If you are willing to take the risk, you should invest this money in a small website (from maybe Flippa) and strt experimenting with it. if you are doing good, you can easily multiply your money in a year.
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  • Profile picture of the author Mike Hill
    Everyone's ideas in this thread are not thought out very well, sorry. But the reason is .... it's not their money on the line. If it were their money on the line they would come up with a much different answer, you can bank on that fact.

    Personally I would go out and buy a hard copy of the SRDS Catalog and start flipping through the pages looking for buyers lists.

    Then create an information product I could market to them via direct mail. I'd setup a website to sell the product, deliver the product and capture the email address of every customer.

    Keep doing this and your buyers list will grow which you can market other products to them that you create.

    Then, once your product has sold X number of copies I would turn my digital info product into a physical book or manual and focus my attention to every library in North America, send them your sales material introducing your book for them to purchase and put on their shelves.

    Do you have any idea how many libraries there are? And that's just the start...
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    • Profile picture of the author CyberSorcerer
      Originally Posted by Mike Hill View Post

      Everyone's ideas in this thread are not thought out very well, sorry. But the reason is .... it's not their money on the line. If it were their money on the line they would come up with a much different answer, you can bank on that fact...
      Sorry, but would have to say that you're wrong in that statement. At least speaking for me you are.

      Continually investing in new business, or investing in existing ones "weather it's from seed startup money, purchasing stock, etc" I'm always looking for business opportunities.

      I guess that's why I currently have 3 corporations, on the board of directors for 5 companies, and have various other business financial investments, mostly acting as an Angel investor. Yes, I'm a registered Angel investor too.
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      • Profile picture of the author Mike Hill
        Originally Posted by CyberSorcerer View Post

        Sorry, but would have to say that you're wrong in that statement. At least speaking for me you are.

        Continually investing in new business, or investing in existing ones "weather it's from seed startup money, purchasing stock, etc" I'm always looking for business opportunities.

        I guess that's why I currently have 3 corporations, on the board of directors for 5 companies, and have various other business financial investments, mostly acting as an Angel investor. Yes, I'm a registered Angel investor too.
        Okay but what are you going to do with $1K that's significant? I have no problem with investing but you need more seed money than $1K to bring to the table. That's were I was coming from when I made my statement before.
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        • Profile picture of the author Jeff Baxter
          Here's what "I" would do. I would take the 1k and buy 3,000 clicks worth of solo ads. Solo ads are basically where you would approach someone in your niche and have them send to their mailing list for your product.

          If your squeeze page converts at 50% or higher this would result in at least 1500 subscribers. I would then be promoting a recurring commission product on the backend where I could earn at least $5 or more per sale "recurringly".

          If the product converts at 5% or more then this would result in $375 recurringly + upsells, downsells if any plus you'll have people to market to over and over. Of course there is a little more to it, but that's one of my methods in a nutshell..

          My 0.02

          Jeff
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          • Profile picture of the author HappyHourInfo
            Great thread Brock. I'm in the exact same situation, looking how to use some extra, expendable funds although I've begun to execute. From my experience, PPC is the most instantaneous way to lose and gain money. And expect to lose money with your first try(ies). If you are going to go into PPC, definitely join some good CPA networks first, even if you plan on selling your own products. Just being a member of some of these CPA network, gives you free access to resources, tools, tutorials, and forums to know how to use PoF, Facebook, 1st and 2nd tier PPC, PPV, etc. Go to offervault.com and look at some free webinars. Personally I am with GetAds, EWA, and Wolf Storm Media, and RevenueAds. All good companies.

            The writer who wrote about investing in adwords/adsense niche blog sites that they sell on WF that sounds pretty good. Will try that myself.

            Of course with any avenue that you take list building is an automatic. Lead generation is hands down the one master mind technique that should be involved in pretty much everything you do.

            As for SEO outsourcing, this thread is one of the best I've seen on the matter: http://www.warriorforum.com/adsense-...nt-2011-a.html.

            Also, save another $2 to $3k with your day job because whatever you do that $1k will go fast.

            Def going to follow this thread as you and I are on the same level really.

            O
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            • Profile picture of the author bmcgoff
              Originally Posted by whosetheman View Post

              Also, save another $2 to $3k with your day job because whatever you do that $1k will go fast.

              Def going to follow this thread as you and I are on the same level really.

              O
              Thanks for the tips! I'm glad this thread is helpful for some others as myself. I agree that the pre-made adsense sites is intruiging...let me know if you end up buying any and how they do.

              So far, I've heard some methods that are completely foreign to me laid out pretty clearly, so thanks everyone for your input. I'm definitely sticking with AZ review sites for now, just because you HAVE TO FOCUS, at least for a few months at a time. After that, I'll look to more complicated methods.

              I'm very interested in outsourcing backlinking, as it's a major pain, and will check out that thread you recommended.

              On a side note, WF is awesome...I'm becoming an addict. I wake up and actually look forward to checking my Amazon Associates page for new sales and my threads for replies. When things start working, it's an awesome feeling!
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          • Profile picture of the author Tymarkinc
            Originally Posted by Jeffery Baxter View Post

            Here's what "I" would do. I would take the 1k and buy 3,000 clicks worth of solo ads. Solo ads are basically where you would approach someone in your niche and have them send to their mailing list for your product.

            If your squeeze page converts at 50% or higher this would result in at least 1500 subscribers. I would then be promoting a recurring commission product on the backend where I could earn at least $5 or more per sale "recurringly".

            If the product converts at 5% or more then this would result in $375 recurringly + upsells, downsells if any plus you'll have people to market to over and over. Of course there is a little more to it, but that's one of my methods in a nutshell..

            My 0.02

            Jeff
            I like the idea of buying a solo, but I wouldn't drop 1k on a untested squeeze page. I would take a small portion of that and test my squeeze page first using website optimizer. Then I take the remainder and buy the bigger solo.

            I'd have a good OTO, and email sequence ready to go to try and recover as much my investment immediately and the email sequence purpose would be to build a relationship(give value) and sell other products or my own in that following week.

            I also like the idea of promoting a recurring product.

            I get paid every month from continuity products I promoted 11 months to a year ago, and it's just wonderful.
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        • Profile picture of the author CyberSorcerer
          Originally Posted by Mike Hill View Post

          Okay but what are you going to do with $1K that's significant? I have no problem with investing but you need more seed money than $1K to bring to the table. That's were I was coming from when I made my statement before.
          Ok, that I understand. I was just generally answering the question from the OP point of view. Someone starting out can surely start an IM business with 1K. I myself could do a number of things, seeing that I started myself with hardly nothing.

          But you are correct as far as investments go. Also, as an angel investor, I don't get involved with an investment unless it's more than 100k. And IM doesn't fall into that category so pretty safe there. LOL.
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    • Profile picture of the author James Clark
      Originally Posted by Mike Hill View Post

      Everyone's ideas in this thread are not thought out very well, sorry. But the reason is .... it's not their money on the line. If it were their money on the line they would come up with a much different answer, you can bank on that fact.

      Personally I would go out and buy a hard copy of the SRDS Catalog and start flipping through the pages looking for buyers lists.

      Then create an information product I could market to them via direct mail. I'd setup a website to sell the product, deliver the product and capture the email address of every customer.

      Keep doing this and your buyers list will grow which you can market other products to them that you create.

      Then, once your product has sold X number of copies I would turn my digital info product into a physical book or manual and focus my attention to every library in North America, send them your sales material introducing your book for them to purchase and put on their shelves.

      Do you have any idea how many libraries there are? And that's just the start...
      Mike,

      Is spot on. The internet is about finding leads. I started just like you. Not out of work, no bills, kids out of college and I was financially solid. I would add this.

      Learn how to write "lead generating ads" for your lead capture page. This is where most of new marketers make their mistake. If you want to know more drop me a note and I will turn you on. But i'm not going to make it public in this thread.

      Plus you are my home boy. I'm from Baltimore, but live in New York now.( LOL)
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    • Profile picture of the author bmcgoff
      Originally Posted by Mike Hill View Post

      Everyone's ideas in this thread are not thought out very well, sorry. But the reason is .... it's not their money on the line. If it were their money on the line they would come up with a much different answer, you can bank on that fact.

      Personally I would go out and buy a hard copy of the SRDS Catalog and start flipping through the pages looking for buyers lists.

      Then create an information product I could market to them via direct mail. I'd setup a website to sell the product, deliver the product and capture the email address of every customer.

      Keep doing this and your buyers list will grow which you can market other products to them that you create.

      Then, once your product has sold X number of copies I would turn my digital info product into a physical book or manual and focus my attention to every library in North America, send them your sales material introducing your book for them to purchase and put on their shelves.

      Do you have any idea how many libraries there are? And that's just the start...
      Thanks, Mike. The method you outlined is like a foreign language to me, haha. Seems like a much more lonf-term play that what I'm doing, which is probably a good thing.
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    • Profile picture of the author KennethYu
      Originally Posted by Mike Hill View Post

      Everyone's ideas in this thread are not thought out very well, sorry. But the reason is .... it's not their money on the line. If it were their money on the line they would come up with a much different answer, you can bank on that fact.

      Personally I would go out and buy a hard copy of the SRDS Catalog and start flipping through the pages looking for buyers lists.

      Then create an information product I could market to them via direct mail. I'd setup a website to sell the product, deliver the product and capture the email address of every customer.

      Keep doing this and your buyers list will grow which you can market other products to them that you create.

      Then, once your product has sold X number of copies I would turn my digital info product into a physical book or manual and focus my attention to every library in North America, send them your sales material introducing your book for them to purchase and put on their shelves.

      Do you have any idea how many libraries there are? And that's just the start...
      +1 to Mike Hill's method. Are you the Godfather of CPA or the other one?

      It really depends how much money you want to make. Here's how the big boys play.

      1) Go to Amazon, Borders or the SRDS and find out what people want.
      2) Pay a Ghostwriter to come up with digital product or buy resale rights.
      3) Set up sales page on Clickbank.
      4) Buy PPC or PPV traffic and drive to squeeze page.
      5) Test and tweak for massive conversions and get EPC (earnings per click)
      6) Use your high EPCs and attract the super affiliates
      7) Rinse and repeat with new Clickbank product

      I know this is a model that made a few of them upwards of $9 million/year.

      That's how the Clickbank millionaires roll. So it depends how much you want to make.
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  • Profile picture of the author Fazal Mayar
    buy some link building services for my blog!
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    Blogger at RicherOrNot.com (Make Money online blog but also promoting ethical internet marketing)

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    • Profile picture of the author InternetSuccess001
      I would actually take a nice vacation Although 1K doesn't get you too much of a vacation nowadays. So I might actually rent a nice hotel room for 1-2 nights, and enjoy a good meal & the view.

      If you are actually planning on running a 'business' as opposed to being a self-employed employee, then investment in yourself is the best. This can be books/mentors/courses/etc, but anything that you can do to learn from other people's experiences, and building on them.

      If you are doing PPC, unless it is an education for yourself, you are acting as an employee.

      So investing in yourself is a very good idea.

      John
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  • Profile picture of the author simonbuzz
    Banned
    My advice will be that keep the money in your pocket...and don't waste your time buying any tools...

    If I were you I would buy

    1 domain
    hosting and then put some ads after I get some money I will then invest some more...
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  • Profile picture of the author brendan9971
    If you got a source of money i would buy 20 or so adword niche blogs from someone here on wf and they cost like $25 each and make $30 a month if you had 20 x 30 thats 600 a month which is a good start
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    • Profile picture of the author Ckventure
      Originally Posted by brendan9971 View Post

      If you got a source of money i would buy 20 or so adword niche blogs from someone here on wf and they cost like $25 each and make $30 a month if you had 20 x 30 thats 600 a month which is a good start
      I found your answer very interesting. I have no experience in adword blogs but would really appreciate if you could give me some guidance on this: where to buy, what to buy possibly some examples.

      If a blog is earning $30 per month, why would someone sell it for $25?

      Would be happy to receive a PM - I can't PM you.

      CKventure
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    • Profile picture of the author Ckventure
      Originally Posted by brendan9971 View Post

      If you got a source of money i would buy 20 or so adword niche blogs from someone here on wf and they cost like $25 each and make $30 a month if you had 20 x 30 thats 600 a month which is a good start
      Hi Brendan

      Still keen to have more insight into this.

      Thanks CKventure
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  • Profile picture of the author Keith Scott
    If you are going to buy anything, buy traffic...
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    • Profile picture of the author Mreese601@gmail.com
      Invest the money in a good lead capture system that I can generate and built me a list. Remember the Money is in the list! Take real good care of your list and they will take good care of you.
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      • Profile picture of the author bmcgoff
        Originally Posted by Mreese601@gmail.com View Post

        Invest the money in a good lead capture system that I can generate and built me a list. Remember the Money is in the list! Take real good care of your list and they will take good care of you.
        I really need to start doing this. Everyone seems to stress the important of a list...does the traffic have to come first, though?
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      • Profile picture of the author spen
        Originally Posted by Mreese601@gmail.com View Post

        Invest the money in a good lead capture system that I can generate and built me a list. Remember the Money is in the list! Take real good care of your list and they will take good care of you.
        How did you get a list?
        thanks.
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        • Profile picture of the author Heather H
          I personally outsource a lot of my work, and have a full time worker in the Philippines. When people ask me this type of question (and I get asked frequently) I tell them to get to know their business and really understand what makes them money. Then make a list of what they like and what they hate. Outsource (invest in) having someone else do the things they hate.

          That way you have a business you enjoy and will work at it a lot harder.
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          • Profile picture of the author bmcgoff
            Originally Posted by Heather H View Post

            I personally outsource a lot of my work, and have a full time worker in the Philippines. When people ask me this type of question (and I get asked frequently) I tell them to get to know their business and really understand what makes them money. Then make a list of what they like and what they hate. Outsource (invest in) having someone else do the things they hate.

            That way you have a business you enjoy and will work at it a lot harder.
            Great advice...very Tim Ferris-ish. I'm still in the "get to know your business" phase!
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  • Profile picture of the author deannatroupe
    I would take some of the money and buy a site off of flippa that is already producing income. I'd use the rest to advertise the site so it would keep producing income.
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  • Profile picture of the author criskus
    Short LinkedIn stock!
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    • Profile picture of the author Jeremy Banks
      • Domain / keyword research - done by me
      • Domain name - $9
      • Writer to add content - $200
      • Link building outsourced - $200
      • The rest in savings or do it again
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      • Profile picture of the author bmcgoff
        Originally Posted by Jeremy Banks View Post

        • Domain / keyword research - done by me
        • Domain name - $9
        • Writer to add content - $200
        • Link building outsourced - $200
        • The rest in savings or do it again
        Specifically, how would outsource that $200 for link building?
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  • Profile picture of the author deannatroupe
    Oh, one more thing--Invest in some copywriting training.
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  • Profile picture of the author Michael Carlin
    Buy traffic with classified ads for clickbank offers. Spent the other $800 on hosting ($10-$30) 2 domains for $40 (always get 2 years), and $40 on a month's seolinkrobot to backlink your new site.

    Maybe get market samaurai, do some research before buying domains.

    Get scrapebox for $57 to find dofollow blogs for manual commenting. Wordpress blog is free.

    Promote your site, write unique and semi unique content.

    At this point it's month one and you have spent $450.

    Carry on spending $400 on classifed ads until clickbank reaches pay limit, and sends you a check. Then spend $59 on doing a WSO and use warrior plus to sell a product about you become an Internet marketer with less than $1k, and in 3 months.

    Job done. Making money online is so easy
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  • Profile picture of the author DeadRooster
    I would use a small portion of the money to send traffic to your 10 minisites... discover the two or three that make a decent ROI... then ditch the rest and spend the remaining funds on the winners.
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    • Profile picture of the author bmcgoff
      Originally Posted by DeadRooster View Post

      I would use a small portion of the money to send traffic to your 10 minisites... discover the two or three that make a decent ROI... then ditch the rest and spend the remaining funds on the winners.
      Any good threads/sites about getting started with paid traffic?
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  • Profile picture of the author cheesee
    I'd invest it into an arcade site where I know I could get a ROI pretty soon because of my past experience.
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  • Profile picture of the author jon poland
    Brock:

    What I am about to write may not apply to you, but I do believe that it applies to a high percentage of aspiring web entrepreneurs who are struggling.

    Before I spend one dollar of that $1K, I would answer this very critical two-part question: "What business do I want to build and who do I want to serve?"

    Most people who venture into internet marketing are looking for the quickest way to make money. And the result is that they jump from one opportunity to another. The easiest way to break that vicious cycle is to become a business builder. In other words, make the decision on what business you want to build and then focus on that "one business."

    I believe the most important transformation most of us must make after we get into the business of internet marketing is this: "We must transform ourselves from opportunity seekers to business builders."

    Stop looking at income opportunities that promise fast and easy money and get serious about building a real business. Instead of constantly asking: "How can I make money?" -- ask this question . . . "How can I add value to the market I want to serve?"

    If an aspiring web entrepreneur makes the transformation from opportunity seeker to business builder first, I firmly believe he or she will get a much higher return on that $1K investment.

    Just one man's opinion.

    Jon

    P.S. After you decide what business you want to build, I would take part of that $1K and I would incorporate my business. I would make my new business it's own separate entity and let it take on a life of it's own. This is what serious entrepreneurs and business builders do.
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    • Profile picture of the author bmcgoff
      Jon,

      Great points. My father built a 40m consulting company in DC and added tremedous value to the world and the government. I think you're right that you have to figure out a way to add value and not just "make money" off of strangers.

      Right now, my value add is connecting consumers with products that they need or want. I justify this by only publishing quality content that actually helps people make informed decisions.

      This might be a stretch, but it's a start. Thanks for your thoughts!
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  • Profile picture of the author Daniel Harper
    Ehhhh...

    I'm going to cut against the grain here.

    Stop thinking so much about what you'd like to spend your money on and instead focus on a direction and a strategy. Put all your energy there and don't spend a dime until you get really stuck.

    Then dip into your wallet if you can't find any other way to get unstuck.

    My first product is already a smashing success and I never spent a DIME on IM products. I have a total of about $350 invested in bringing it to market plus a TON of sweat equity. The lessons I've learned just getting here have been invaluable.

    Practically everything you need can be researched for free or learned by trial and error. Determination is far more important than cash flow, in my opinion.
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  • Profile picture of the author efwebm
    I would buy domains, plus some backlinking software (BMD, SB, AMR ...), plus some outsourced content if I found a writer I liked, plus some other backlinking outsourced (link pyramids, xrumer blasts, ...)

    I would put the sites together myself, do the automating backlinking if I had the tools, write articles as needed, and build some high quality web2.0 sites backlinking back as well.

    Cause that's pretty much what I do do

    But if something is holding you back because you hate it (like writing), then outsource more as necessary.
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  • Profile picture of the author Ralf Skirr
    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?
    Hi Brock,

    That's probably not the best question to ask.

    You must determine the business you want to be in first.

    THEN you can decide what to actually spend the money on. Each business will require different things to buy or outsource.
    • For some businesses it might be smart to buy an automation tool first.
    • For some businesses it might be smart to buy content first.
    • For some businesses it might be smart to buy a service first.

    But you can not decide WHICH business you want to be in based on the fact that you have x amount of dollars to spend.

    In the long run your business is not built on $1000. It must be build on a sustainable business idea and on your commitment to play the game long term.

    For now, hold on to your money. Don't spend it. First find the business idea that is likely to produce money and that you feel comfortable with. Then make a plan how to develop that business.

    With that plan in hand it makes sense to ask people for recommendations what to buy. Wihtout that plan you will just waste your money on not seeing a ROI.

    Ralf
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    • Profile picture of the author Jeremy Banks
      Originally Posted by bmcgoff View Post

      Specifically, how would outsource that $200 for link building?
      Originally Posted by Jeremy Banks View Post

      • Domain / keyword research - done by me
      • Domain name - $9
      • Writer to add content - $200
      • Link building outsourced - $200
      • The rest in savings or do it again
      I would start with
      • $5 for social bookmarking
      • $5 for manual blog commenting
      • $5 for directory submission
      • $5 for profile links
      See where I end up in the rankings after that and then pay for article writing, article submission to directories, then with about $100 left post a project on freelancer to get some specific work done.
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  • Profile picture of the author boxoun
    I have money to spend too. Got a lot of ideas from this thread.

    I would suggest finishing those 10 amazon sites. Invest in tools and use some of the sites to practice link building. Once you know how to build links, then you can outsource that without being ripped off.

    Now you can truly outsource everything. I say this because a lot of link building Ive purchased have done nothing! Until I learned myself, now I can give specific directions.

    cliff notes: I would buy tools!
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  • Profile picture of the author Fuze
    I would start by trying to start up my own business.
    Do not take rash decisions though. Think of what you are going to do and plan it well.
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  • Profile picture of the author Dean Jackson
    OK, there's a ton of replies in here so I'll just throw what I wish I knew then what I know now here...

    1. Choose a niche to enter (preferably not the "make money" niche...lol), and have products created for you. That includes a "giveaway" product, a low priced product for your front end, a "mid price" product, and a "high end" product for maybe $200-$1000 (really depends on the niche).

    2. Get someone to write the sales copy for you to sell it, and also to write an email series which will get sent to your visitors who sign up for the "freebie" we had made earlier.

    3. Get someone to set up your website graphics, "tech" stuff (like payment links, affiliate links etc)

    4. Start gathering affiliates to promote it for you. You can also outsource other traffic methods like articles, blog posts, and getting "organic" traffic from the search engines.

    I realize that might sound like gibberish right now, but copy and paste this somewhere. It will all make sense soon

    Dean
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    • Profile picture of the author bmcgoff
      @Dean Jackson - thanks for the outline. That definitely makes sense, and I think that's a direction I'd like to take the handful of sites that become clear front runners (of the first batch of review sites I'm creating).
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  • Profile picture of the author showmegreen
    if i had 1k to invest,i would buy some software
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    • Profile picture of the author bmcgoff
      Originally Posted by showmegreen View Post

      if i had 1k to invest,i would buy some software
      Can you elaborate?
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  • Profile picture of the author thinkrich
    Start building a list in your niche, then leverage it.

    Leverage = getting other people to build your list via affiliates and/or ad swaps, AdWords and AdVertising (targeted).

    I wouldnt go into PPC or CPA until you have enough cashflow. Then you might be able to outsource that.

    You mentioned you want a recurring income site, which means that you would need to provide a continuous flow of fresh product/content or provide a service that people actually want and will pay for in regular instalments.

    Those people will want to recommend your site to recover their outlay = leverage.

    This frees up your time to write new content or improve the service you already have.

    yes $1k is a tiny amount to invest in an online business, compared to an offline business.

    Use it wisely.
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  • Profile picture of the author xxdksxx
    Have someone build me a membership site in a niche that is near and dear to my heart.
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  • Profile picture of the author bmcgoff
    Just invested the $37 to join the War Room...best investment so far. If you're on the fence, just do it. It pays for itself instantly.
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  • Profile picture of the author uebomoyi
    I've heard many expert internet marketers say that they would invest in building a list through article marketing, video marketing, viral marketing and other ways as well to send them to a squeeze page and then implement email marketing. I believe that's the best way to invest big money.
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  • Profile picture of the author clature
    How about buying backlinks?
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  • Profile picture of the author Quentin
    We all want to say this Brock so I will do it.

    Go buy my course on mobile Marketing http://businessmobilewebsite.com and buy some coke a cola and pizza and master it.

    Put some petrol in your car and go find businesses in your local area that have lists like printers, cleaners etc and take the boss out to lunch and get access to their list.

    As the orders start to roll in get referrals to other businesses.

    Put on some staff or outsource to handle the load and come visit me in Thailand and I will take you to some orphanages that need your help.

    Quentin
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  • Profile picture of the author Manoj V
    If you would like to create a good website for long-term income you can buy Ken Evoy's Site Build It which is an all-in-one site builder package except for content. You could outsource content creation to an Elancer and keep posting articles regularly on your site.

    You can also buy PLR articles in a niche and put together a Kindle eBook, make a smart cover for it and upload it to Amazon. If you've chosen a good niche with quality content it will sell consistently giving you a good return.
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  • Profile picture of the author aawarrior
    Hi, I would invest back into my mobile website development. Mobile is king.
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    Get paid to giveaway free stuff. Who says no to free stuff. See how I get 20+ leads a week. Selling Nothing. That Free Thing 4uu

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  • Profile picture of the author Vienn
    I would probably use that money to outsource info products/ebooks and promoting them online. I have lots of ideas for ebooks but just don't have enough time and funds to start working on them. Alternatively, I might use the money to create iPhone apps.
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  • Profile picture of the author theory expert
    Banned
    Is it just me or do I see some ideas well over a $1000 investment?
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  • Profile picture of the author sameerjoad
    If i had $1k?
    This is what my monthly bill may look like:

    1. Pay the basics (hosting, domains, themes) $300ish
    2. Build a list (autoresponders, traffic) $400ish
    3. Build a niche site (outsource content, SEO) $200ish
    4. Grow my arsenal of tools (AMA, TBS, SENUKE, MNF, etc) $100ish assuming 1 tool at a time.

    Invest in 'real' deals, not in 'get rich products'. Good luck

    oh and welcome to the forums!
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  • Profile picture of the author Ken Durham
    If you have money to spend, diversifying is always good... When you start raking in the cash, build a solid portfolio for retirement with some of the cash, before it slips out of your hands forever.
    Investing: How to get started - May. 31, 2011
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    yes, I am....

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  • Profile picture of the author SiteSmarty
    Forget Amazon. Forget eBay. Forget using other peoples sites. Forget it all.

    Decide what you want to be known for.

    Example 1: Gary Vaynerchuk
    Whats he known for?
    Example 2: Hulk Hogan
    What's he known for?
    Example 3: You
    What are you known for?

    Answer that. Make sure it's your passion. No passion, turn something you know about into a passion.

    Get rid of your single WordPress site and start fresh with a MultiSite. Then put valuable content on that MultiSite targeted at your niche for a year or two.

    Build a list of people who are interested in your passion. The key is building a list that people are truly interested in hearing what you have to say. Forget how big your list is, it's the quality of your list members that matters.

    Blog the hell out of your site and rank it in that year or two. I'm talking laser focus here. At least a post a day.

    In the meantime build one product, a course or whatever matches your niche.

    Then, when the time is right, (when your list really trusts you) sell them. Never sell on the site. In a year or two, maybe three or four we'll all know what Brock is known for.

    Love your spirit. Go for it and dream big.
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    • Profile picture of the author bmcgoff
      Originally Posted by SiteSmarty View Post

      Forget Amazon. Forget eBay. Forget using other peoples sites. Forget it all.

      Decide what you want to be known for.
      Thank you, sir, for the meaningful response. I agree that any work is much more fulfilling (and less like "work") if you are passionate about it and believe that you are actually contributing.

      For better or worse, I'm going the Amazon route right now, but it's mainly to learn about IM/SEO and build at least a humble stream of income to work with.

      My real passion/vice/habit is music...and I hope that all of this can one day support that addiction full time!
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      • Profile picture of the author paulie888
        Originally Posted by bmcgoff View Post

        Thank you, sir, for the meaningful response. I agree that any work is much more fulfilling (and less like "work") if you are passionate about it and believe that you are actually contributing.

        For better or worse, I'm going the Amazon route right now, but it's mainly to learn about IM/SEO and build at least a humble stream of income to work with.

        My real passion/vice/habit is music...and I hope that all of this can one day support that addiction full time!
        One thing you could consider, if your Amazon sites are tightly "niched" around a certain topic or area, is to have several high quality digital information products created for you that dovetail nicely with the niche.

        If you're already getting traffic to your sites, it'd be a simple matter to offer your visitors these products on the back end via an autoresponder.
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  • Profile picture of the author giversunite
    Hello Brock,
    since you asked I would reinvest it into my team to help keep it building, that way i can help more people experience success. I would also exercise the law of tithing and take what ive earned and give back 10% to those in need. Thank you for asking this question so it forces us to think about what we would do if we had 1k to invest.
    Ben
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  • Profile picture of the author Kwonyoo
    I am a newbie who tried too many things. I did buy new established websites and can't generate revenue from it. If I had 1000 to invest, I would buy a website from flippa that is already making money from adsense for few months. Like the ones that have at least $50 a month and hire someone for articles for article marketing and PPC. I am not a person who likes to write, create new stuff, make my own site, search for niche, these will just drive me stress. I am kinda interested in website flipping these days. Or you can definitely hire a good mentor from warrior forum. I have seen few like Jamie Lewis for affiliate marketing and Tristan Bull. Sad I can't afford much to invest myself.
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  • Profile picture of the author marcromero
    I would do exactly what I am doing now because by simply giving away free prescription discount cards I am creating a residual income.
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  • Profile picture of the author ricoramiro
    I'll let you have the Brooklyn Bridge for, say, $700 :-)

    If I were you I'd invest in creating eBooks and graphics. You can create the eBook yourself out of PLR and outsource the graphics like someone mentioned. Make your stuff look professional and have affiliates sell for you.

    I think Clickbank is still $45 to join and seek affiliates to sell your products. You gotta have the killer sales page and killer graphics to make this work. If you get a good one it will pay off.

    And above all else....think positive and stick it out. I wanted to give up when I had a traffic problem but I knew better and I'm still here.
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  • Profile picture of the author Jeremy Barker
    Originally Posted by bmcgoff View Post

    Hello,

    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!


    -Brock


    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.


    Hi Brock!

    I have been in IM for a little while now and I guess i am on the other side of the spectrum. If you do not pay anything to start a business I don't believe that the return will be there as promised all over the internet. In ANY business you must spend to make. I looked all over the internet, magazines, etc. trying many programs that did not work and I started to think that everyone online was lying about creating an income online. I still looked around because I was tired of my situation. I found CarbonCopyPRO and attended their Master Marketing Event not long as joining and I can honestly say that i do not plan on leaving this community as far as I can see in the future. With the training and resources from CarbonCopyPRO I have done very well. I said all of that to say this.....

    I spent a little money because I did the research and believed in what i was doing. Anyone that is serious will find a way to do what they have to do and you need to jump in with both feet and not look back, even if you have to spend money. Spend it to make it but be smart about it!
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  • Profile picture of the author mikeseocool
    There are a lot of free stuff available on the internet. First is to not spend a dime and submerge yourself in internet marketing and decide on which path to take. (Article marketing, SEO, blogging, etc.)

    After that, do some more FREE research until you have the proper idea/plan on which first steps to take.

    Only then can you spend the 1k.
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  • Profile picture of the author ZaneZenMaster
    I would build a product for Clickbank Launch.
    It doesn't have to be expensive.
    The best sales page and membership site platforms are Azthetik and List Machine pro, both for $997 after that just create video modules on stuff you know, test as a wso.
    If successful, release on Clickbank. With Azthetik or List Machine pro you can create sales pages and fully interactive membership sites with built in community and forum. If you're familiar with kajabi, LMP is the same exact thing, almost...
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  • Profile picture of the author dillpickle
    Banned
    [DELETED]
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    • Profile picture of the author bmcgoff
      Originally Posted by dillpickle View Post

      save it. Spend all your time reading at this forum, and do what you can for as little as you can, then when you find something making you a little money..THEN invest it.
      Well said...with the exception of the War Room. Everyone should buy that membership ASAP. Once you're in, you don't need to buy WSO's anymore!
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  • Profile picture of the author dagaul101
    Hi, and welcome to the forum, it's good advice to master one thing at a time, the problem many IMs have is trying to do too much at the same time, if you had a 1K to invest, I would build niche sites on subjects you are interested in, and run PPC on them to see which converts well, and based on that build more sites targetting those
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    • Profile picture of the author bmcgoff
      Thanks, everyone, for the thoughtful replies. Just an update: I currently have just under 10 amazon niche review sites that are pulling in about $75/month with very little backlinking done so far. I'm now focusing all my efforts on ranking these sites higher (they're already converting well). So, I'm spending mone to outsource BLing through Fiverr, Angela's links, etc.

      Seeing money come in on autopilot, even if it's nothing substantial, is amazing.
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  • Profile picture of the author Zachary R. Skinner
    Hmmm...I think I would invest it into creating and marketing an MRR information product. In just a few months I could probably get a 500% or 600% ROI
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    • Profile picture of the author bmcgoff
      Originally Posted by Zachary R. Skinner View Post

      Hmmm...I think I would invest it into creating and marketing an MRR information product. In just a few months I could probably get a 500% or 600% ROI
      Oh yeah? Maybe I should just invest in you, haha. I haven't dabbled in product creation yet....physical products just seem safer these days. Then again, if you know how to sell it, I can't argue with that!
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  • Profile picture of the author MikeMorgan
    First, I would advice that you invest in good products that can help you be better at what you are doing.

    You then invest the rest of the money in building more of what you are doing - building more sites. You also need to outsource some of your tasks like content writing, link building, etc
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  • Profile picture of the author Anonymous Affiliate
    Don't buy a thing!

    I would create a squeeze page in a niche I'm an expert on, and then I'd pay $1000 to a reliable mailing list owner in that niche to drive traffic to my squeeze page, so I can build my own list. $1000 should get you 1000 optins aprox.
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  • Profile picture of the author alimnab
    It appears that you are not hard pressed to earn online immediately.

    Do some research ;
    Identify a niche ; automate your list building (this is where i would put my money)
    Identify your next niche ; automate your list building ; and so on.
    Grow your list ; that's where the money is !
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    DO SOMETHING DIFFERENT TODAY !
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  • Profile picture of the author LauraJames
    Hello Brock,

    Welcome to the Warrior Forum. Thank you for sharing your IM background with us. I am not involved with affiliate marketing, so my take on this is sometimes different than others. Either way, there are some worthwhile options for you.

    I would recommend that you go into business for yourself. One of the services my company offers is putting people in business for themselves. The business is completely branded to you, while we provide all the behind the scenes work. No scam of any kind. Also, nothing is outsourced. All of our workers are based in Canada and the USA. A recently written press release, and still being finalized, which gives some information. Please note that I sincerely do not mean to cause problems by posting this message here. If this is a problem, please accept my apology.

    It is great that you have funding available. Please send me a private message if you have any questions. If preferred, please call me. My business numbers are (705)805-0563 in Canada or (260)220-0220 in the USA. No matter what, I wish you the best in your quest to achieve internet marketing success. Thank you.
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  • Profile picture of the author Noel 100K
    Welcome to Warrior Forum I love this forum As for how to invest $1000, If I were you, I would use:

    1. 10% on internet marketing education
    2. 10% on buying domains
    3. 10% on creating content
    4. 10% on automation i.e. autoresponder, outsourcing
    5. 50% on getting the tools you need for internet marketing i.e. hd video, screen capture

    I hope that helps.
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    • Profile picture of the author Noel 100K
      Originally Posted by Noel 100K View Post

      Welcome to Warrior Forum I love this forum As for how to invest $1000, If I were you, I would use:

      1. 10% on internet marketing education
      2. 10% on buying domains
      3. 10% on creating content
      4. 10% on automation i.e. autoresponder, outsourcing
      5. 50% on getting the tools you need for internet marketing i.e. hd video, screen capture

      I hope that helps.
      Oh! I forgot the last 10% which I would suggest you use for media buy to advertise your offer to the market.

      Awesome! Cheers on your Internet Marketing Adventure
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  • Profile picture of the author DavidG
    Well if I was a noob again,

    Id do what I did, which was spend about 1-2k in wso's untill I realised what I was doing and do best with what I had.

    With my current knowledge what I would do is spend it on a new business.


    regZ
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    • Profile picture of the author paulie888
      Originally Posted by regZ View Post

      Well if I was a noob again,

      Id do what I did, which was spend about 1-2k in wso's untill I realised what I was doing and do best with what I had.
      This is definitely not the best use of $1k, lol! For a total newbie, I'd recommend just picking one area to focus on, and then buying maybe 2-3 WSOs at most. After that, I'd use to rest of the money to implement and scale up the method.

      Buying $1k on WSOs when you're totally new to the IM scene is a recipe for disaster and information overload.
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