What would you do with $5,000

I'd invest it into PPV or FB ads, if you haven't touched either yet.

In all honesty, $5K is like two weeks salary for me so it's not a lot of money. I just blew nearly $5K taking my kids to Disney for 4 days because the school year ended and they got exceptional grades.Not sure it's really enough to bootstrap any small business. Now, if you're talking $50K then that's a different story.

Hire a couple outsourcers
Pick up a good system from a well-respected IMer
Get to work

Hard to say really. I mean, having $5000 to invest is useless unless you understand the business/method/technique you're investing in.

If I had an extra $5k I would use it to buy the stuff that always takes up the majority of my time - creating content and backlinks.

For the most part, I would save it.

Why?

Because most people create threads like this
and ask for advice that most of us cannot answer.

You are setting yourself up for failure if you do
not know 'exactly' what you are doing. So, chances
are if you don't know what to do with your own
money, there is no need to invest in anything related
to Internet marketing.

I would use it to out source to make things easier

You'd be surprised you can outsource A LOT of work for $5000. In fact, I'm confident that you could take about $3000 invest it in two products, and then use the other $2000 to market those bad boys. Within a month you would have made your money back.

I'd probably see if Rosalind Gardner would be willing to give me private coaching and teach me everything she does to be so successful. Hopefully $5000 would be enough for a few hours of her time.

The answer really depends upon where you are in your IM career. If you've got a successful product, then invest in scaling it up with more traffic (paid or otherwise).

But my concern is that if you're new you might have the idea that just throwing some money into Internet Marketing will yield results. If that's a false assumption on my part, my apologies... but I've seen a lot of people just getting started think that "capital" is the problem they're having and honestly it's just not that simple.

Wish I had a simple response for a simple question, but then the simple questions are always the hardest and the simple answers the least likely to be effective...

What worked for me was capitalizing on what I already know about my handful of possible niches, and investing my time brainstorming, researching, thinking through the process, and developing my plans.

You're already a War Room member, so you should know precisely what I mean when I say that was the single, most important, cash investment anyone here will ever make.

Now, I did stock up on domain registrations, .com and .net for the ones that passed my criteria - whether I get to them this year or next. Otherwise, I've spent more on plug-ins for WordPress for my blog than I have for WSOs. (With the videos, audios, and conventional PDFs, they take up close to 2 GB on my harddrive.)

All tolled, it's comfortably less than a tenth your stipulated $5K. Even better, it only took a few weeks to fully recover that investment. The bulk of the work is done, so it's only going to take me about an hour a week blogging, with the rest of my time free to work on developing my own products in my sales funnel and rinse and repeat with the other niches. Conservatively, I expect them to average a solidly middle-class yearly income each month by the end of next year.

I'm absolutely convinced that virtually anyone who is not functionally illiterate COULD do at least as well - provided they set their minds to it, go about it systematically and thoroughly, shut off the idiot-box, and ignore all the gloom-and-doom pimps and lesser defeatists!

Refreshingly sound advice... well said.

That is a great point, Fender. I agree. Specially for noobs, getting one page that is making some money could be a huge help. First, you are already making money, so the frustration is gone. Second, you have an example to follow.

I wish I had the extra $$$

I agree with Fenderkid, you need to invest in your own internet marketing education.

The best way to make money is to learn from the best who have made the money you want to make. Anyone can spend $37 on a course but at the end of the day you and say 3,000 other people are getting the same treatment.

If you paid for a coach or a mentor to help you succeed in this internet marketing game, I believe you'd get a much higher ROI just because you're following someones steps with them right there to answer any questions you have or may be confused with!

As far as the $5,000 in general to invest, I would say you only need $30 tops to invest.

I recently just built a niche website 3 1/2 weeks ago..keyword has 203,000 compeiting pages when put in quotes..ranked it up to #4 with consistent work..and I'll definitely be #1 in a few more days.

All you have to do is hit up the google keyword tool, and check the exact box, and uncheck the broad box. then search for something you like..for example if you like dog training search dog training.

Then arrange the results by CPC instead of relevance.

Next just skim through the results, see what has high search volumes and a good CPC. A buddy of mine ranked his website #1 in two months and makes money off pure adsense.

his cpc is $2.99..and his compeiting pages is like 260,000..right now he's banking like $95 a day, which is $665 per week, which is $2,660 per month, which is $31,290 per year..he just got offered 6 figures for his website and he BARELY built it like 2-3 months ago lol.

Anyone can do it man, let me know if you need some help I'd more more than happy to lend a hand. Cheers and best of luck

oh and as far as the $30 investment goes. you don't need some software or anything else..Google likes organic natural consistent content built up over time.

I paid $7.49 for my domain (Godaddy Coupon)
and outsourced to fiverr like 3 times, $15.00

Total Investment was $22.49, If I can do it you can to!

Hey Guys, I just asked a question not as a source of advice, but as a source of everyones personal opinion.
I have been doing internet marketing for a few years now, and agree with most of your replies regarding need for Internet Marketing education, technique, strategy, overall knowledge of doing business online.

I personally reinvest the money I make into scaling up the business model that I follow. I guess you have to do what works best for your personally. Everyone has a different strategy and approach to marketing online.

Once again, Thanks for everyone's replies!

Yury

I would probably park some of that cash in domains with a good resell price and outsource the web creation in order to get passive revenue. Since its an extra $5K, this would be sort of an investment/savings, waiting for it to generate income to cover costs, and then selling them for a profit. If you know what you are doing, its better than sticking it in the bank and getting a lousy return on your cash just because you are lazy and didn't want to do the research.

On the other hand, if you already worked out the math for your list and product, It'll probably be a good idea to spend some of that in adwords and other paid marketing. Create a freebie (could outscore with the cash), build a list or get a JV and promote the hell out of your existing product.

Cheers,

Jaguar


P.S. or just get a platinum coated iPad with studded diamonds and piss off the haters!!

I'd build an authority website targeting a competitive, buying keyword; with LOTS of exact monthly searches. Something like "make money online".

Then I'd work like hell to get it to #1 on Google - and use the bulk of that money to buy high PR links on relevant pages.

(IMO) I would use the $5,000 to develop an internet marketing application or spend it on learning how-to develop the software yourself. Good software has always been a solid business model for me.

PPC or facebooks ads.

Your alternatives are media buys and other ppc engines.

For ever $1 we spend on adwords we get back about $2.20 and those are good rates i think.

Some split testing with some Adword campaigns, on some new niches I suspected were profitable would want I would invest that five grand on

I'd invest it all into building SEO sniper sites that rank 1st page of Google. Because that's like a set forget method, once you build the sites you leave it forever and it brings in money from months and years to come

i would like to know as well

I would invest only $1,000 in business & marketing and for the rest, I'd travel to Thailand and live there for a month, or two.

five $1000 bookmaker accounts and an introduction to arbitrage sports investing

Reinvest it into traffic. Use some of it to see what works. Then reinvest your PROFITS into more traffic. Build a list while you're doing that and you're on your way to building a substantial business.

I would use $5000 to buy a new car, maybe a holiday too!

i would buy a high quality resell rights product.

1)Squeeze Page
2)Sales Letter
3)Download Page
4)Upload it
5)Have Autoresponder Ready With High Quality Content/ Plus Affiliate Offers
6)Have Merchant Account (Paypal,Google Checkout, Authorize.net)
7)Use $2000 out of the $5,000 to send free and paid traffic to the squeeze page. (Article Marketing, Video Marketing, Facebook Ads, Banner Ads, Text Ads, Newsletter Ads etc) I would choose 1 or 2 traffic methods.
8) Any profits i would put right back into advertising.


If i someone else followed that path then you should have $2700 or $2800
left over.

$5000 started with

$2000 for advertising (leaves you $3000)

$200 or $300 dollars for tools, education, resell right product.
(leaves you with 2700 or $2800 dollars.)

The $2000 is more than enough you use towards free or low cost advertising
and any profits made will just go back into advertising. Now you will build that momentum causing more traffic=more leads=more sales.

If I had $5K extra then I'd would have purchased an established site and spend time working on it.

If you look at my website, I am all about iPAS. Its the latest affiliate program that really does work, unlike the other crap out there. I would invest the 5000 in iPAS marketing (since they run my online business for me) and I would roughly make back 9000 to 12000. I did it before several times.

HOpe this answers your question.

With an extra 5000 bucks in my pocket I would probably spend it on outsource the boring, repetitive, and mundane tasks of operating a website once it has been deployed and started to make money steadily. But that's just me, I love creating and learning!...I'm a GO GO GO kinda person...lol. Whether I'm web designing or web programming. I also like IM though, since I love researching marketing trends and statistics too! Cheers!

With $5000 extra I whould:

1. Save $4500 in my bank
2. Invest $500 into 60 second trade on broker sites to make more money
3. Not invest in IM, because the way I see it, IM is becoming overrated, full of scams and money stealing "gurus", so IM for me = NO WAY HOSE!

So if any1 has $5000 to give me from all of you multimillionaires out there, feel free to PM me.

P.S. Currently I am flat broke, $10 in my bank account, have a bread and a jam, my house is only 1 room (kitchen, bedroom, dining room are all in 1 room) with electricity, no TV, old laptop and stealing wireless from my neighbors. So, any $5000 donation will be appreciated.

Save it . If $5k is a nice savings for you, its time to invest in a savings account. Make it another 20-80+ times before even considering starting anything other than a tiny micro-business that'll make you feel like minimum wage is rich.

Invest in some high risk stocks and turn it into 50k..Not that hard...

Don't know what I'd do with $5k but I enjoyed reading your comments

Id give my 5k to a guru, so he can teach me how to make a ZILLION dollars per month, working only 2 and a half minutes per day haha

Search for a good front end product that does not cost $5000 :-), choose one that generates recurring payments, set up your email marketing sales funnel, create a convincing sales story that you tell through your email sequence and then buy solos.

Unless I had a potential venture lined up that I knew would work, I would rather take that $5k and stick it in the bank (we still have reasonable interest rates in NZ) or buy shares.

Otherwise, I would create a good niche website; I'd invest a grand into getting a converting newsletter sequence written, and then the other 4k into long-tail focused blog posts/articles.

If you ask me, I'd pour it into an existing system that works. I mean, find the part of your business that brings in the money and scale it. I read somewhere that to double your profit, you need to double any of the following factors: product price, traffic, and conversion rate. I'd say it's easier to double traffic so you might want to invest in PPC and remarketing for extra traffic boost. There are a lot of guys our there, even here at the forum, that can do pay per click for you at cheaper rates.