Will have $2,200 to invest - how should I spend it?

I see several pms in your future.

It is very easy to spend money online. Too easy in my opinion. So many people want to sell you something that they claim will make money.

Hiring someone to build mini-sites for you, buying a website from Flippa, or purchasing a guide that teaches you how to make money can make you money. But it is not the best way to go. Often times you are dealing with people who have no real intentions to help you make money. They are just interested in the amount of money they can make off of you.

The only time I have made money online is when I do things myself. I develop a plan, test it, and rinse and repeat if it works.

If you really want to invest $2,200, I think you should invest it into developing an authority website in a niche that you can, at least, relate to in some way. Invest your money into developing the website.

Give the authority website one year to get going. Perform search engine optimization correctly, on-site and off-site. Target an informative niche that does not revolve around product based commissions (e.g. amazon review websites).

Do not invest money into CPA campaigns unless you know what you are doing. You need to be able to identify profitable offers. You also need to be able to develop a marketing plan that will give you a good ROI. This is usually not possible unless you have had experience in CPA. Considering you only have $2,200 to spend, it might not be the smartest way to go.

Invest in a War Room membership and go through everything in there, especially the stuff at the top of the page by Allen Says. Take as long as you need to get some perspective and you won't have to ask strangers what to invest in, you'll know intuitively. Ideally, you'll go with something you're passionate for. Good luck.

Yes, I agree with Titan that the temptation to purchase info to learn to make money is always the bait for IM newbies including myself.

Having said that, I am still doing it once every now and then looking for the holy grail of easy money methods. Yikes..... I know.

I read the advice from Titan and Travlinguy and believe that they are sending you in the right direction.

Good luck!

Hmm..

$2,200

30 domain names at 1and1 = $150

Installing wordpress, joomla or whatever CMS you would like with a template = free if you have a little time to learn it.

5 articles for each site, at $3 an article = $450

Hosting, can do a reseller or shared, hostgator = anywhere from $3/mo-$25/mo

Since you have only spent a little bit of money. Put $1,000 in a CD.

Monetize with adsense/amazon/clickbank. At least a few sites out of the 30 will be profitable. The rest, flip them on flippa, then repeat the process on a larger scale.

how can you get the students loan ? i'm a college student too.

if i have $2,200 buy a turnkey script selling product, promote it and make some sales, and sell it on flippa, repeat that method.

Well it depends on you. You can hire someone to write
a product for you and invest money in PPC networks
to promote it. You can build build a list. It's your call.

It really depends on so much. What are your skills and interests? What assets (other than cash) do you already have? Do you know what kind of business you want to start?

Since you're on the Warrior Forum, it's a safe bet you want to start an Internet-based business. What a lot of Warriors forget is that the Internet is a medium, not a type of business or industry. For example, when the fax machine came out, you didn't hear people go around saying "I want to start a fax business."

So what type of business do you want to start? What are your skills and interests? Hopefully, you have some idea of this.

In IM, it's very easy to get overwhelmed and distracted by Bright Shiny Objects. So here is my VERY BEST advice to newbies and veterans alike who are still reaching for success in IM:

Clarity is a HUGE part of IM success.

IM is actually pretty simple: you can sell only one of two things:

1. Products
2. Services

That's it!

And selling products or services online happens in the same basic way for everyone, no matter what they're selling:

Traffic > Opt-in page > Autoresponder series (or e-zine) > Sales page

That's it! It's just that simple. (We IMers tend to overcomplicate things.)

But no matter what your niche is, or whether you're selling a product or a service, do you know what your business model is?

A business model is the framework or skeleton of your business. Essentially there are three types of online business models:

1. Membership-based model

A membership-based business model allows you to build a community of people (your members) who are as passionate about your subject as you are. Your membership fees can be monthly or annual, but either way, you're building recurring, passive income.

There are a lot of resources and information out there to help you build a membership-based business if you're interested in doing this.

2. Product-based model

Selling products allows you to maximize your time and effort by selling items over and over again. This can be hard goods or it can be information products. Information marketing is it's own business model under the product-based model. Information marketing allows you to take your brain to the bank by creating a product ONCE based on what you know and selling it over and over again.

I see someone has already recommended affiliate marketing. You can choose to market either products or services as an affiliate.

3. Service-based model

Selling services can be great for 1) generating quick cash (as in the case of article writing or video producing) and 2) establishing your expertise and getting testimonials.

However, in the long run, your goal should be to offer services at a PREMIUM. The biggest advantage of IM is LEVERAGE. You're able to leverage your time, money and expertise exponentially online. We all have just 24 hours each day. Time to get ruthless about what you expect for those hours you spend in IM each day. Expect more of yourself and more from your business friends, clients, partners, etc.

What results are you getting for those hours you spend online each day? Ultimately, your services should be at the bottom of your funnel and cost the most since they involve your time and personal attention. (We all have a limited amount of time each day.)

The fun (and confusion) comes in with all of the endless mix-and-match possibilities of the above models. If you're just starting or still struggling to make money, keep it simple:

Pick just ONE!

1. Pick ONE niche. (Something you're interested in and know something about.)

2. Pick ONE target market for your product or service. (Who will buy what you're offering? The more specific you are, the more you narrow it down, the more successful you'll be.)

3. Pick ONE business model.

And don't spend any money until you know these three things. Building a business takes money. But you can do research (a lot of it) for free. Once you know these three things, THEN you can spend your $2.2K building that business.

Now that you're clear about what business you're in, FOCUS! (And stop buying any info not related to your niche and target market, period!)

F -- Follow
O -- One
C -- Course
U -- Until
S -- Successful

Build a list of ideal prospective clients/customers for your product/service, build a relationship with them (through regular, consistent contact) and then make an offer.

I can't overemphasize this enough: build a list, Build a List, BUILD A LIST!

In IM, it's easy to put the cart before the horse. Take a deep breath, step back and consider what type of business you're REALLY want. Don't worry about getting traffic or buying that expensive traffic product until you know 1) what your business model is, 2) what niche you're in and 3) WHO your target market is!

Successful business people will tell you that MARKETING is more than half the effort that's needed for success anyway. So pick a niche, target market and business model. Then spend most of your time and effort marketing it.

If you DON'T have a solid plan or system, THAT'S when it's hard. A good system will shave YEARS (and save you big $$$) off of your learning curve

That's why I recommend investing in at least one good, comprehensive IM course (or mentor who will give you such a system) instead of jumping from one $37 e-book to the next. A lot of people here complain about not being able to make any money. But neither are they willing to invest in their business. (Buying a random bunch of $37 e-books doesn't count.)

The best thing I ever did was invest in a comprehensive IM course aimed at REAL business owners, not just other IM wannabes. Yes it was $1500. (Now it's only $997. :p) But it was truly some of the best A-Z IM info I ever bought. Everything else I've learned (from the $37 e-books) since has simply been plugged into this system.

Get a solid plan or system and then work the plan!

Hope this helps!

Michelle

Invest it ONE course at a time.

DO NOT DARE invest another $1 until you have consumed the 1st course that you went through.

There is NO need to spend $2,200 in one month or on one course.

For ever $1 you spend, spend another 2-3 hours in 'free' trainings that are readily available if you but Google and do a little bit of research.

Speaking from experience of doing it the wrong way.

send it to me, =)

just learn from the best with prof of succes and practice it you will succes to with your invest

I would invest the student loan money in your education. That's what it is for.

If you have to ask what to invest in, then you are unprepared for Internet marketing. It isn't just about throwing some money at it. You need a plan and you need to be the one to make that plan.

You need to do enough research to find out what it is you'd like to do online. What kind of business do you want? Then make it happen, even if you need to buy a course to make it happen.

The way you're going about it, you'll just waste money. Research, make the plan, and then spend money to implement your plan.

Well said Suzanne , that would be the best option before the sharks see this and It will look like a bad shark movie

Jason

Buy silver or gold, very undervalued still....

NO! Please listen to me. If you want to make real money online. I think you should invest in Gauher Chaudhry pay pay click formula. You can't go wrong with that course. Trust me! It's one time payment of $997 but it's really worth it.

Regards,

Royce

great advice above....

my 2c worth:

1) find someone who you trust and has had good results themselves who can coach/mentor you.

2) get involved in some sort of paid mastermind group with other entrepreneurs where you can help each other and hold each other accountable.

Buddy it is your $2200 and we have no idea what your skills are....my suggestion is to generate ideas and come up with what you think would work for you.
Here is a thread to check out.
http://www.warriorforum.com/main-int...perate-10.html

good luck

$2200 seems like a lot to invest. You have gone to lots of trouble to come up with that money. But, Eddie has the right idea. Build something of quality---most likely a blog. Make that your marketing hub.

As far as spending money, opportunities will come. I always look around before I spend money. Sites like Fiverr can replace hundreds of dollars of expenditures.

$2200 seems like a lot of money. It is not.

I have found that in general free advice on this forum (and the War Room) is of better quality than advice you pay for.

Expecting to be able to invest money, without knowing anything YOURSELF, in any business, is optimistic in my opinion and experience. There is NO substitute for getting your OWN experience. IM is full of ways you can spend your money without getting any profit, not that that's always bad, you will gradually learn, if you pay attention and try everything yourself and see what happens, but it still comes down to your OWN experience in the end.

If you are not willing to spend the time to learn for yourself, then you will make more profit putting your money into a savings account, or better still do a deal with someone you trust who has a lot of credit-card debt . . . you give them your money, they pay you half the interest they would pay on their cards, and you get much more interest than a savings account would pay!

Of course, you can outsource anything, but if you are outsourcing things that you haven't tested for yourself, then you are just throwing away money.

That's my experience anyway, hope it helps!

Chris

Save it-jobs are hard to come by. Invest just a little into a business and reinvest that to grow the business. Start a list: build a squeeze yourself, or look in this forum in the wso section for ready to go squeeze pages. Right now saseopete has one available for 10 dollars, which includes a giveaway and 7 autoresponder messages. You are on your own for additional messages after that, but can hire them out. I saw someone on fiver who will provide 52 messages in any one niche (choice of 40 niches) for 5 dollars. Havent bought them yet to gauge quality, but it is a start. Im sure there are other similar offers. And look here in the wf for email writers.
Expense: $10 for the squeeze.Domain $10. Autoresponder $1 for the first month (aweber, anyway) traffic: it depends. In a big niche, such as that one(health) adf.ly traffic (the 40 cents per thousand) should work. Once your list is at 500 or thereabouts, do ad swaps.
Put one or two immediate pay offers in the giveaway, and mayby one on the "thanks for joining my list' page, to at least break even for the traffic.

Or, if you can build sites, get profit storm 5 from here on the wf, and go to it. But make the business pay for itself;it isnt instant unless you sell services of some kind. I cant speak to that.

If you want to get into Micro Niche sites then buy 100 domains, wait till there is a sale on 99 cents domains or you can get them for $3.99 right now (google 3.99 domains for sale). Then buy Scrapebox for $57 dollars, Article Marketing Robot for $87 dollars, I think and The Best Spinner which is 44 dollars for a year I think.

You should invest on your education towards Internet-marketing & a great place for you to start is right here in the warriorforum.

Invest $37 and join the war-room.

May God bless you,
Jeremiah

1. Go buy some sites off flippa and try to turn them around into a profitable business.
2. Put all on black in roulette and try to double the money.
3. Invest in Forex if you know a good broker.

Or you could just keep money for when you really need it.

Invest 50% on me.. Im prepared everything you need as internet marketer... Guarantee in the next few days you will make cash.....

This is not advertising.. This is real making money i made..

Never sold this on wso.. lol

have a look at the link in my sig, I have just made my first $400 commission, with more to come in the New Year

oh, I see my link has been removed even though it isn't an affiliate link. If you want info, pm me for details.

You'd better keep that money in your savings and look around on google for free information on the best business model for you. Dont be tempted to blow $997 on some 'course' that only makes money by selling the 'course'

yeah, first try and do things for free. You don't want to waste your money. If you learn how to do things for free, little by little you will figure out what little items you need to buy.

I would personally save that money because you WILL lose it. Considering your question, I must assume that you simply don't know much about Internet Marketing, thus any investment you make at this point will be 100% uneducated or based on sheer guess/hope/wishful thinking.

Would you throw $2,200 into the stock market if you didn't know jack about trading? so why would you do it on the internet? Use your common sense man... :rolleyes: