$20,000 in my pocket not sure what to do with it..

by zuko
38 replies
SO I just sold my BMW to fund my business..

(see sig for what I do)

I got my products, and 20k but I'm not sure what to do with it..

I run a design agency on the side so I can build websites for fun and seo them

I want a long term well paid career from IM

I want to make around 100k+ a year so around 10k a month..

I want to set up multiple membership sites in different niches I think

reoccurring billing seems to be where its at!?

So I'm talking to the big dogs.. help me spend some dough
#$20 #pocket
  • Profile picture of the author DWolfe
    Save 95 % of that money.
    Becareful because you just painted a Red Bull's eye on your head with people that will look to help you spend the 20Grand on the next shiney object.

    Try to find something in the WarRoom that you like and stick with it for the long term.

    Market your design agency for Money. Might be your best bet in the long run.
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    • Profile picture of the author Josh MacDonald
      Try out 1 product in the Warrior Speical Offers forum or Warriors For Hire section and then stick with it.
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  • Profile picture of the author zuko
    yeah, well I dont waste money, most of my cash goes on ppc and advertising models

    I'm not a WSO whore, I like to make one thing work and get it solid then build off that..

    I'm going to use my dating product as my base, hopefully get some good affiliates and JV's and then build up that business and build the brand (the attraction system)

    Thanks
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    • Profile picture of the author Daniel Brock
      Originally Posted by zuko View Post

      yeah, well I dont waste money, most of my cash goes on ppc and advertising models
      So why are you here asking us what to do with it?

      I might be wrong, but I'm guessing you have limited experience with PPC, no?

      If so, the best thing for you to do is to take that $20k, put it in a CD and don't touch it for like a year. Otherwise you will blow that $20k on PPC in a month and won't have anything to show for it.

      Save your money.

      If you have to come here and ask us what to do with your bank roll, you aren't ready.
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    • Profile picture of the author Jeremy Kelsall
      Originally Posted by zuko View Post

      yeah, well I dont waste money, most of my cash goes on ppc and advertising models

      I'm not a WSO whore, I like to make one thing work and get it solid then build off that..

      I'm going to use my dating product as my base, hopefully get some good affiliates and JV's and then build up that business and build the brand (the attraction system)

      Thanks

      You just answered your own question, bro...If you're going to spend any of that loot, spend it on TRAFFIC, but also consider putting a chunk down to get an expert to look at your site(s) and help you increase conversions.

      It's all about traffic and conversions.
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  • Profile picture of the author sbucciarel
    Banned
    Agree ... you just made yourself a target to every scam coming down the pike. Save your money until you've made a business plan and then purchase what you need to launch that business.
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    • Profile picture of the author Nanaswhimsy
      Originally Posted by sbucciarel View Post

      Agree ... you just made yourself a target to every scam coming down the pike. Save your money until you've made a business plan and then purchase what you need to launch that business.
      Have to agree with that 100%

      Hold onto your money, develope a plan, if you need help with the plan, ask for it, but never announce you have money to spend, it just sets you up for some charismatic schmoozer to try and talk you out of it!
      Suzanne
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  • Profile picture of the author Vlad Romanov
    In my opinion you should have a "sampler" of your program lets say 10 pages on how to get started in online dating. You toss that on a squeeze page and attract potential buyers to that page. Obviously throw an autoresponder there so they sign up and you will be able to advertize your future products to them.

    Having a paid product is great, but you are losing potential customers which are hesitating on buying and will never find your product again. By setting up a free sample you will be able to contact them in the future where they would be possibly more interested in the same product they had hesitated buying in the first place.
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    • Profile picture of the author zuko
      Originally Posted by NastyDevil View Post

      In my opinion you should have a "sampler" of your program lets say 10 pages on how to get started in online dating. You toss that on a squeeze page and attract potential buyers to that page. Obviously throw an autoresponder there so they sign up and you will be able to advertize your future products to them.

      Having a paid product is great, but you are losing potential customers which are hesitating on buying and will never find your product again. By setting up a free sample you will be able to contact them in the future where they would be possibly more interested in the same product they had hesitated buying in the first place.
      exactly what i've done, see here

      Free Online Dating Manual « The Attraction System – Sales Site

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      • Profile picture of the author Brian John
        The quickest way to double your money is to fold it in half and put it in your back pocket. - Will Rogers
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        • Profile picture of the author Nanaswhimsy
          Originally Posted by B.J. Johns View Post

          The quickest way to double your money is to fold it in half and put it in your back pocket. - Will Rogers
          SO TRUE! :p
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      • Profile picture of the author Vlad Romanov
        Originally Posted by zuko View Post

        Thats great, I think you have the right business model and all you can do is build more products or expand into a different niche. Perhaps pay people to write quality books for you? There were some good writers in the Special Offers section, So you can spend your money into launching a new product quicker.

        PS: Ive read a couple of books from your niche from Mystery, Neil and a few others so its great to see it applied in IM
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  • Profile picture of the author gtlovesellipsis
    Forget 20K or even 200K ... try to do as much as you can assuming you had nothing... only and only and ONLY (can't stress more) use that money if you are dead tired and can't pull out another minute of your time and really do have to spend it to get the job done..

    Remember that most of the SEO and marketing stuff is simple and just needs common sense... it's no rocket science... but yes if you are looking for great images or flash work ... or perhaps coding/programming that you might not know... you'll have to pay for that...

    so in essence... spend money on things that you really can't do yourself (and don't say that you can't blog or write! .... that's the simplest thing ... so don't waste your money on that... )

    Use that money to buy some good books ... or take a breather and read more material about how marketing and sales is done... it may take 6 months.. but 6 months down the line you will be more prepared and will still have that 20K that you'll be able to use more judiciously...

    Good Luck!
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    • Profile picture of the author Targeted Traffic
      Originally Posted by gtlovesellipsis View Post

      Forget 20K or even 200K ... try to do as much as you can assuming you had nothing... only and only and ONLY (can't stress more) use that money if you are dead tired and can't pull out another minute of your time and really do have to spend it to get the job done..

      Remember that most of the SEO and marketing stuff is simple and just needs common sense... it's no rocket science... but yes if you are looking for great images or flash work ... or perhaps coding/programming that you might not know... you'll have to pay for that...

      so in essence... spend money on things that you really can't do yourself (and don't say that you can't blog or write! .... that's the simplest thing ... so don't waste your money on that... )

      Use that money to buy some good books ... or take a breather and read more material about how marketing and sales is done... it may take 6 months.. but 6 months down the line you will be more prepared and will still have that 20K that you'll be able to use more judiciously...

      Good Luck!
      Dead on! I absolutely agree...don't be so eager to spend money...even if it came so easily to you... In these times, life events drastically change greatly...and most of the times...those changes would knock on the door where your money is... learning the basics and tricks of IM will really take some time...but as far as you should know...that would be the best investment you can put in for your online business. Good luck.
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      • Profile picture of the author sjean
        Don't do what the rest of us did. Stay away from the shiny new objects in terms of promises to make oodles of money. Starting a business online takes time and effort. If you are going to purchase a mentoring product make sure you have a lot of real testimonials. That being said; make sure those testimonials are not giving by people receiving a review copy of the product. There is no such thing as a one click software that will make you rich overnight so forget that. I think one appears every time I blink lately. You need to find people/gurus/mentors that already had success and follow their blueprints if they are willing to share. Stay active in the Warrior Forum and keep your money in your wallet. If not it will disappear faster than than a bag of cheetos in a weight-watchers convention. Weight loss is a good niche by the way!
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  • Profile picture of the author ContentMachine
    Try building some authority websites with quality content.
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  • Profile picture of the author Fazal Mayar
    Save the money and buy a 5k car. Beleive me saving money is always the best option.
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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 John Romaine
      Originally Posted by Fazal Mayar View Post

      Beleive me saving money is always the best option.
      No its not - investing it is.
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      BS free SEO services, training and advice - SEO Point

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  • Profile picture of the author Keen creations
    What I would recommend for now would be, go and get accepted to some CPA networks...you can find good offers with high payouts here: www.offervault.com

    and then go and join, www.adbrite.com go and get a banner made and do some media buys (banner advertising) and direct link the banner to the cpa offer and make some good cash.

    a good WSO for this would be: http://www.warriorforum.com/warrior-...made-easy.html

    I just bought it and it was $10. anyways....thats good for a pretty decent income each month.

    In the future you could become a real media buy player and buy an ad on msn.com for $25,000 and make some real cash!

    p.s. Don't go off and buy ads that expensive until you have x4 that amount of money,lol.

    best of luck!
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  • Profile picture of the author Jeremy Banks
    Slowly build a business, or find a good way to make money online building niche sites or money making sites and then invest the money where it is needed (link building, content creation, coding, etc)

    Either that or put some of it in stocks, right now the market took a hit, might be a good time to put a few grand in a nice high dividend paying ETF or mutual fund.
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  • Profile picture of the author Nanaswhimsy
    Originally Posted by zuko View Post

    I want to set up multiple membership sites in different niches I think

    reoccurring billing seems to be where its at!?
    I have heard that OtimizePress is a great word press theme to do just that. I have looked at it and it looks good, but they have different pricec points depending on what you are lookin to accomplish, I believe including a developer license if you are looking at flipping. Hope that helps!
    Suzanne
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  • Profile picture of the author nicoledeal
    With no experience in IM, you are likely to have little to no traffic to your site, then you will get frustrated and spend money to drive traffic. Paid traffic for the purpose of driving traffic will result in no sales. If you "build websites for fun", I hope you enjoy doing just that. You say that "you are talking to the big dogs" with 20K? The big dogs make that and more each month, and a few make that each day. Your statements start with the words "I Want". I would suggest that you ammend that to " I will work my *** off to get what I want".
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  • Profile picture of the author Agz21
    I'd say act as if you have like $20...be conservative...take a little chances and try facebook PPC...won't take that long to get it going
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  • Profile picture of the author bizlinkx
    Hmm' I would step back from the situation. Maybe take the family out on a vacation

    and really relax and let go of the work. Clear your head and allow for newer ideas to

    flow. I meditate every morning and find that the best ideas come to me in the early

    morning or right before I doze off to bed. Focus on what would trully make your

    customers happy and what you really enjoy. Solve their problems and in a

    perfect world you'll have all the success you dream of. I think instead of following

    others you should focus on what you do well. If you want to spend money in IM

    then learn everything about internet marketing that you can before you spend any

    of your hard earned cash. Do your research and spend as if you were broke. A

    fool and his gold are soon parted. Don't let anyone make a fool of you by selling

    you the next pipe dream. The real money is in unique ideas not in following the pack.

    If someone isnt willing to help you atleast some of the way for free then dont shell

    out money without a guarantee.
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  • Profile picture of the author pdrs
    If you're asking what to do with $20,000 here... save 99% of it
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  • Profile picture of the author adammck
    Target. How many PMs did you get? Ha
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  • Profile picture of the author StevenTan
    I can give you some suggestions:

    1. Use 20k to buy solo ads to build your list.
    2. Do ads swap to build bigger list after you have your seed list.
    3. Create more offers. Rinse and repeat.
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  • Profile picture of the author StevenTan
    This would take time. But money will come. This is what I am doing right now.
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  • Profile picture of the author Jake Gray
    Here's the thing: You DON'T need $20,000 to fund your business.

    For the most part, people start on this forum with out a dollar to their name. You
    obviously have an advantage and should have no problem funding a project of yours
    AFTER you came up with a business plan. Don't head into anything blindly.
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  • Profile picture of the author Benjamin Ehinger
    Pay for a writer or two. Get yourself a well designed network of sites up with Wordpress and link them together. Then, pay writers to put up 3 to 5 posts a day around high and low competition keywords. Make sure they are using proper SEO and writing between 700 and 1200 words per post.

    Then, promote your product on the site, build a mailing list, and make money. Sure you also need to do a large amount of backlinking and you can hire someone to do this as well, but you have to have the posts and pages up first before you start backlinking.

    PM me if you want I write for an SEO guy that may be able to help you quite a bit.

    Benjamin Ehinger
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  • Profile picture of the author Mixengineer
    You can go to the classified section, have someone build you a site with everything you need. And then get a google page one service. Youll still have at least 19500 left over! Then you can buy a 100 more sites and do the same thing. But its up to you.
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  • Profile picture of the author onegoodman
    Send them to my PayPal account ..... lol just kidding

    I would suggest to study the market. If you going into creating a website, make sure to keep most of the money for advertising, YES SEO & ADVERTISING WILL COST YOU A LOT but would pay off.

    I would say don't hurry jump into a job until u know what you getting your self into
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  • Profile picture of the author BloggingPro
    Put the money in the bank while you figure stuff out. I would say you need to promote your product. With $20k in the bank you could do some serious promotion, but you need to ensure its targeted.

    Also, I do believe this was the first sales page I've ever come across with a purple font headline.
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  • Profile picture of the author Victoria Gates
    Why announce how much money you have to an entire forum? It really is in poor taste. It will make you look like you are desperate and/or plant a big fat "Scam Me Please" sign on your forehead. Not trying to be rude, just.. be careful. I wish you luck!
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    Victoria Gates - Digital Marketing Specialist

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  • Profile picture of the author drmfitz
    sound to me like you seriously know what to do next to execute your plans to generate your desired income in your preferred environment. the only thing i can help you with is your language. why would you SPEND anything? when you spend your money, it is done and gone. when you invest in something, that seed capital should grow into something more. hope that helps, prosperous regards! Dr. Mike
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  • Profile picture of the author Crystal84
    Save your money and try any money-making method to grow more on an increasing rate.
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  • Profile picture of the author xnice
    I have advice for you: use $100 to find the way to make money online and save the remain. Find the cheapest but good quality for promotion. It is not easy but it will be true if you find the right way. I see you have your product, you may promote it to get more people promote your products.
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  • Profile picture of the author Gary Ning Lo
    Plan first and then start investing slowly..

    Cheers,

    ~Gary
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