What would you do with $5,000

by NoviIM
60 replies
Hey Warriors! Wanted your take on this question..

If you had an extra $5k, what type of online business venture would you invest in?
Aslo what type of return would you expect?

Thanks in advance everyone!!

Hope all is well!

Yury
  • Profile picture of the author mjMONEY
    I'd invest it into PPV or FB ads, if you haven't touched either yet.
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    • Profile picture of the author MatthewNeer
      Originally Posted by mjMONEY View Post

      I'd invest it into PPV or FB ads, if you haven't touched either yet.
      He knows whats up. I'd run FB Ads too.

      Best strategy would be to have an iFrame page setup so you can get significantly cheaper clicks, plus obviously have a great offer or free giveaway to squeeze some leads.
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  • Profile picture of the author LooseChange
    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.
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    • Profile picture of the author Jake Gray
      Originally Posted by LooseChange View Post

      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.
      Did you fly around the world twice?

      Goodness that seems a bit expensive compared
      to last time we went.
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    • Profile picture of the author Cool Hand Luke
      Originally Posted by LooseChange View Post

      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.
      Wow cool story bro, tell us another!
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    • Profile picture of the author guardado8
      Originally Posted by LooseChange View Post

      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.

      well you are not help
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      • Profile picture of the author TheOverall
        Depends on the amount of time you want to invest on top of the cash.

        If you've got all the time in the world, go for promoting CPA offers -- be it on facebook, adwords, whatever. Use paid traffic sources for split testing, optimizing, etc -- until you find a positive ROI model. Scale it. $5k should be enough for this, you just need not to panic when you lose the first $2k in testing.

        If you don't want to become a slave of those $5k, create 5 websites in 5 different niches. Outsource web design and content for it. Get a LOT of content on it, original, keyword rich.

        Seed the articles to article directories, post on relevant forums (this can also be outsourced if you're smart with the $1k per site budget) to get backlinks.

        In this scenario odds are one of the 5 websites will attract some good SEO traffic and you could scale it up. Use AdSense or CPA offers to monetize that traffic. Or build a community and ask for donations if it's relevant to the target audience.

        tl;dr it's all about time that you want to dedicate
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  • Profile picture of the author joel1031
    Hire a couple outsourcers
    Pick up a good system from a well-respected IMer
    Get to work
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    • Buy $5,000 worth of product at an average cost of $3.59/unit. Blow it all out to my mailing list at a 178% markup. Then try to figure out what to do with $10,000.

      Actually, that sounds like such a good idea I think I will. Physical products are a lead pipe cinch when you have a loyal fan base.

      fLufF
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  • Profile picture of the author Caiden
    Hard to say really. I mean, having $5000 to invest is useless unless you understand the business/method/technique you're investing in.
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    • Profile picture of the author sonic74
      If I had an extra $5000 I would use it to scale up my two projects that I'm

      working on now (my membership site and my adsense micro niche sites).....

      but I would like to invest some ammount for learning about PPC and Facebook

      ads (buy membeship on related sites)
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    • Profile picture of the author Troy Broussard
      Originally Posted by Caiden View Post

      Hard to say really. I mean, having $5000 to invest is useless unless you understand the business/method/technique you're investing in.
      Very well said - that was my exact concern as well. Money to invest is hardly the biggest problem to online success as is evident by the millions spent every hour on eBooks and educational courses, etc...
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  • Profile picture of the author coco28
    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.
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    coco

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  • Profile picture of the author Jake Gray
    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.
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    • Profile picture of the author insidmal
      Originally Posted by Jake Gray View Post

      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.
      Quoted For Truth. Stick it in a CD
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      • Profile picture of the author JCorp
        If I was a new internet marketer, knowing what I know now, I would immediately put half of that ($2,500) in a savings account, with the intention of never having to touch it.

        I would then take the other half, split that into 2, ($1,250) and invest that into some online courses, and possibly coaching. The other half, $1,250 I would use to start my biz, get hosting, autoresponder, websites, and traffic.
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  • Profile picture of the author truebusinessnow
    I would use it to out source to make things easier
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  • Profile picture of the author ghostrecon
    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.
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    • Profile picture of the author LooseChange
      Originally Posted by ghostrecon View Post

      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.
      One month to break even on $5K??? Hardly seems like it would be worth it. Not to mention, outsourcing work isn't as easy as you're making it out to be. If it were all that easy, everyone would be billionaires.
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      • Profile picture of the author josh123
        I'd use it to sell wholesale products on eBay. Once I got some quick cash flow going with that, I'd then automate the business by outsourcing everything, and start PPC marketing for more hands-off income.
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        • Profile picture of the author RobertoMejia
          I would find something that I love like a hobby that you have, and invest in a small website for it. That way of you love what you are working on, it hardly seems like work. For example, if you like to go paint balling, sell paint ball guns. Whatever you like! Once you pick a niche, you can decide how to make your money.

          You can go one of two ways, you can buy products and sell them.
          or
          You can create a blog and monetize it with ads.

          Either way, you can make some money out of it once you get your ranking up. There are more things you can do to make money, but these two involve something you love, and they don't involve huge investments. Once you do that, I would invest the whole 5k in marketing for the site. PPC, PPA, Domain, link building, etc.

          The type of returns you can make with either of these is up to you! You can lose your money if you don't market right, or you can become the next millionaire if you work some marketing magic. I hope it's the latter for both you and me!

          Hope that helps.
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      • Originally Posted by LooseChange View Post

        One month to break even on $5K??? Hardly seems like it would be worth it. Not to mention, outsourcing work isn't as easy as you're making it out to be. If it were all that easy, everyone would be billionaires.
        No offense, but some people are perfectly happy making just enough money to live a life where they are able to pay their bills each month, even if they don't have tons of extra money to throw around afterwards. They can still be perfectly happy and satisfied.

        Why be so discouraging and negative? If you have a lot of money, which I am not saying I believe that you do or do not, then you had to start somewhere. Telling someone that it is not worth it to invest $5k to just break even in one month is the worst business advice I have ever heard.. Because what about the second month, and the months to follow? If you make your $5k back the first month, then the rest is profit.

        Now, on to my opinion of what I would do with the $5,000. I would hire a few specialized virtual assistants in website design, video creation, SEO, etc. and then use the remainder to massively promote the services online and offline. A few thousand dollars would bring in a ton of leads, and some would turn into deals. If you charge $500 for a website, and invested $3,000 into advertising that generated you 50 leads, you could see how quickly you would turn a profit. Repeat process each month.
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  • Profile picture of the author Cee
    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.
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  • Profile picture of the author Troy Broussard
    Originally Posted by NoviIM View Post

    Hey Warriors! Wanted your take on this question..

    If you had an extra $5k, what type of online business venture would you invest in?
    Aslo what type of return would you expect?

    Thanks in advance everyone!!

    Hope all is well!

    Yury
    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...
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  • Profile picture of the author Henry White
    Originally Posted by NoviIM View Post

    Hey Warriors! Wanted your take on this question..

    If you had an extra $5k, what type of online business venture would you invest in?
    Aslo what type of return would you expect?

    Thanks in advance everyone!!

    Hope all is well!

    Yury
    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!
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  • Profile picture of the author Troy Broussard
    Originally Posted by ncmedia View Post

    I'd buy silver.

    Pretend you don't have it.

    Start again to make another 5K (or allocate some to investments, some back to biz, not all on biz or risky returns).

    You'll hear me say this every time a thread like this pops up. You have 5K you're trying to flip, I have a few hundred K I'm trying to flip, banks have millions they're trying to flip, investment houses have portfolios of billions.. .. ... The success rate at WaFo is that of a small select few here, I wouldn't take investment/business advice of this magnitude from a public forum. There is no guaranteed way to flip your money mane - otherwise we'd all be filthy rich already.

    Be careful what advice you take, I realize it's a loose question and you're not tying yourself to anything but seemingly good ideas may quickly make you go broke too.

    N.

    Refreshingly sound advice... well said.
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    • Profile picture of the author James Sides
      If you are serious about investing 5k in your future I'd recommend hunting down a high end mentor and handing it over. Every time I've ever hired a coach I've gotten insane ROI's.

      Seriously, some people scoff but would you rather fight for a year to figure it out or have someone who has been there leading you.

      Everyone can use coaching no matter how successful. If you're making $1k a month go find someone making $5k...if you are doing 5k go find someone doing 20k..etc etc.

      In fact I know many millionaires still invest in coaching to keep them sharp.

      Cheers,

      James
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  • Profile picture of the author RobertoMejia
    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 $$$
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  • Profile picture of the author ChrisAlta
    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!
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    • Profile picture of the author Mar
      Well, my answer's going to be different - but that's because I already sell online. I would buy inventory that I could ship to Amazon and use their Ship by Amazon service - there's no way that our dispatch service is as efficient as theirs :O)

      What would be really cool would be to use some of the $5,000 for some market research to identify what's going to be hot this coming Christmas ..... now that makes my eyes light up!

      Mar
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    • Profile picture of the author MatthewNeer
      Originally Posted by ChrisAlta View Post


      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!
      Get it done man! Take massive and consistent action!

      Chris has been getting great results with SEO and can most def show you how to do the same. Hit him up!
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  • Profile picture of the author NoviIM
    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
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  • Profile picture of the author Jaguar-TI
    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!!
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    I can translate to Spanish all your articles and strategies.

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  • Profile picture of the author area51backlinks
    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.
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  • Profile picture of the author vblacke
    (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.
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  • Profile picture of the author celente
    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.
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  • Profile picture of the author dagaul101
    Some split testing with some Adword campaigns, on some new niches I suspected were profitable would want I would invest that five grand on
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  • Profile picture of the author lowkey786
    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
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  • Profile picture of the author DrJale
    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.
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  • Profile picture of the author hardraysnight
    five $1000 bookmaker accounts and an introduction to arbitrage sports investing
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  • Profile picture of the author Patrick Coleman
    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.
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  • Profile picture of the author lever559
    I would use $5000 to buy a new car, maybe a holiday too!
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    • Profile picture of the author PatriciaJ
      Currently, I would use half to pay for a virtual assistant for a while to do the donkey work and the rest to pay for training in the areas that I'm lacking.

      If I was just starting out I would save most of it until I knew what I was doing. Just pay for hosting, domain, Market Samurai and do the Challenge.
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  • Profile picture of the author anthony2
    Originally Posted by NoviIM View Post

    Hey Warriors! Wanted your take on this question..

    If you had an extra $5k, what type of online business venture would you invest in?
    Aslo what type of return would you expect?

    Thanks in advance everyone!!

    Hope all is well!

    Yury
    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.
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    • Profile picture of the author WillR
      Originally Posted by LooseChange View Post

      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.
      Originally Posted by ChristopherTheron View Post

      No offense, but some people are perfectly happy making just enough money to live a life where they are able to pay their bills each month, even if they don't have tons of extra money to throw around afterwards. They can still be perfectly happy and satisfied.

      Why be so discouraging and negative?
      I agree.

      I don't mean to sound rude but who cares where you took your kids or how much 5k is worth to you. This forum is about people making money online and everyones journey has to begin somewhere. To tell someone not to bother because 5k is something you blow in a week is just worthless advice and isn't much help to anyone on this forum.

      There are plenty of people on this forum who would make you feel VERY inadequate about how much you earn. I don't see them telling you to stop working or to give up because "it's not a lot of money".
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      • Profile picture of the author mounds
        I once had a big misconception that cost me $2000 when it was said and done. That misconception was that the more money you have to start a business, the more likely it is you will succeed. Money talks, BS walks. Never again

        If I personally had $5000 to invest, here's what I would do:

        1. Take $300 and put it into a new account, named "Internet Marketing Fund".
        2. Use $100 to take my wife to a nice restaurant.
        3. Put $4600 into my savings account.

        From there, I'd live and learn. Having less money available has several benefits...

        • you're picky. You shop around for a system that suits your lifestyle and when you buy it, you actually use it.
        • you're forced to sell and move beyond your comfort zone. My $300 investment is in a few WSOs, the War Room and a piece of software.
        • you become resourceful. Lots of free ways to market your service and promote yourself. I never considered them options until I completely ran out of cash
        • you learn... fast. This comes from the above three things. Mistakes can't be cleared up with a cash injection. You simply have to try something new.
        It's so easy to burn through a large sum of money without actually learning anything. It's kind of like power-leveling a character in a video game. It's fun until you stop getting power-leveled, heh.

        -Tim
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  • Profile picture of the author salmanbaig
    If I had $5K extra then I'd would have purchased an established site and spend time working on it.
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  • Profile picture of the author matthewhell
    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.
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  • Profile picture of the author activ4232
    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!
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  • Profile picture of the author krchmar
    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.
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    http://http://ultimaterouletteguide.siterubix.com/

    I assure you, it will make you live your life with ease.

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  • Profile picture of the author Porphyrogenitus
    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.
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  • Profile picture of the author serprider
    Invest in some high risk stocks and turn it into 50k..Not that hard...
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  • Profile picture of the author sweethomeliving
    Don't know what I'd do with $5k but I enjoyed reading your comments
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  • Profile picture of the author Rod Dinero
    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
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  • Profile picture of the author YaSI
    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.
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  • Profile picture of the author samjaynz
    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.
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  • Profile picture of the author fsiegel
    Banned
    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.
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