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How would you use a £500 windfall?

by alanbluecat
13 replies
Title says it all. If you had no debts to pay off, how would you best use a £500 windfall to supplement/generate online income?

For example, would it be best to use it to outsource some work to free up time to concentrate on other areas, or would there be something specific to 'invest' it on which would see longer term returns?

I know everyone is different, so what would YOU use it on?
And what would you advise SOMEONE ELSE to use it on?

Just interested
#£500 #windfall
  • Profile picture of the author Tony Dean
    I would definitely use it to pay for ppc traffic from the search engines for a few of my sites.
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    • Profile picture of the author Thomas Smale
      Originally Posted by Tony Dean View Post

      I would definitely use it to pay for ppc traffic from the search engines for a few of my sites.
      Really? That's pretty dumb advice, £500 isn't really much when it comes to PPC, you'd burn through most of that before you've had time to test.

      @ OP - if you have sites that are already profitable that require work (and have a return on time invested) then look to outsource these tasks (assuming there is ROI for you). Or just buy a few semi-established sites. £300 on a site ($500) and £100 on SEO. Keep the other £100 for a rainy day.
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      • Profile picture of the author DrewClement
        Originally Posted by Thomas Smale View Post

        Really? That's pretty dumb advice, £500 isn't really much when it comes to PPC, you'd burn through most of that before you've had time to test.
        That is a MASSIVE generalization. You clearly havent kept up to date with PPC pricing or the various methods of PPC that are available, and the oodles of niches that are incredibly low cost.
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  • Profile picture of the author Tony Shepherd
    Have some software or a plugin made.

    This gives you a unique product.

    You just need the idea to start.

    Cheers

    Tony
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    My Blog (Tales of a cyber-hippy running an online business from home) - Visit HERE

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    • Profile picture of the author techservice
      Yep, Tony's advise. Create something that you can sell over and over.
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  • Profile picture of the author CDarklock
    Originally Posted by alanbluecat View Post

    how would you best use a £500 windfall
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    "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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    • Profile picture of the author PatriciaJ
      Originally Posted by alanbluecat View Post

      Title says it all. If you had no debts to pay off, how would you best use a £500 windfall to supplement/generate online income?

      For example, would it be best to use it to outsource some work to free up time to concentrate on other areas, or would there be something specific to 'invest' it on which would see longer term returns?

      I know everyone is different, so what would YOU use it on?
      And what would you advise SOMEONE ELSE to use it on?

      Just interested
      By coincidence I'm getting a £500 windfall in 3 weeks and I've got no debts. I was considering buying a mini notebook computer with it so I can work when I'm travelling easier than with the laptop. But it's about time I got my own products out there so it would help bankroll it.

      It's hard to advise others on how to spend money because we all benefit from different things so it's too general a question to answer.

      Originally Posted by CDarklock View Post

      Don't think £500 would get you much of either in this economy.
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      • Profile picture of the author DrewClement
        Originally Posted by PatriciaJ View Post

        Don't think £500 would get you much of either in this economy.
        Gets you even more than it used to these days
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    • Profile picture of the author CDarklock
      Originally Posted by Joe.Mc View Post

      you forgot alcohol...
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      "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author Sandi Valentine
    Following this thread with interest, as I'll be receiving some insurance payouts this summer that I'd like to invest back into my business.
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  • Profile picture of the author alanbluecat
    Some interesting answers, thanks!
    I'm not saying which one sounds most appealing

    Before I posted I had a couple of things in mind to spend my windfall on and it's interesting to see that they came up - buy another site and PPC.

    I know it's difficult to generalise but it was interesting to me to see the types of answers people would go for. Thanks for the input!
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