What do you do with $1000 seed capital ?

by tradewiser 12 replies
I am newbie to the IM business world and if the following question (or a similar one) has been asked before then I would be grateful if someone could direct me to the correct thread.

I have always been interested in the IM world but have never had the time to pursue it seriously until very recently when I decided to go for it and invest 1000 USD in my new business venture. All new businesses need to have a business plan before they start so I believe that is where I need to start. I need to have a plan and I am hoping that the pros in this forum can help me out on this.

I know that there are lot’s of ways to skin a cat but how would you recommend I spend my time & money to get my business off the ground in the most efficient manner?

Many thanks
#main internet marketing discussion forum #capital #seed
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  • Profile picture of the author Scott Murdaugh
    Think of a niche, find a problem, find a solution to said problem examine your competition.

    Figure out if the demand is there. If it is figure out your competition.

    Spend $200-$450 to outsource the project to a ghost writer, make sure you find a good one though.

    Get your product created. Put it on Clickbank. Start marketing yourself with PPC, paid advertisements, link exchanges, article marketing, forum posting, ect.

    Start recruiting affiliates.

    That's one of many roads you could take.

    Good luck!


    Over $30 Million In Marketing Data And A Decade Of Consistently Generating Breakthrough Results - Ask How My Unique Approach To Copy Typically Outsells Traditional Ads By Up To 29x Or More...

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  • Profile picture of the author gmichaelh
    Hiya Naj!

    Scott's post is on the money as far as the basic gameplan goes for IM. Although I don't know if I agree on the spending of 2 -400 on a ghost writer. I would say at least try your hand at product creation yourself and see if you can do it. I believe when first starting out it's better to be "hands on" and as you grow and become successful start outsourcing your work. You will have made contacts and have a better idea of where to go to get work like that done.

    I would recommend that you just stick that money away for a bit and start doing your research. There are so many different ways to make money online that knowing which direction you want to go is critical in my opinion. Informatin Overload is becoming very commonplace today with the moving of the "free line" as they say. Everybody is making information available for free to try and build up that all important customer list.

    Although there are tons of ways to make money online when you really get down to the nuts and bolts of it there are just 3 ways to make money online.

    a. Sell your stuff
    b. Sell someone else's stuff
    c. Sell ad space on your site.

    Thats pretty much it. Of course you can break all those down into many different venues. Sell your stuff could be anything from creating your own product and marketing it online to selling stuff from around your house on ebay or one of the many auction sites around. Selling someone else's stuff is mainly covered by affiliate marketing where you market someone else's product and get a percentage of the sale. Selling ad space can be anything from having a site getting tons of traffic and selling ad space to advertisers or Google Adsense on your page to generate income from Google.

    The main point here is as you said in your post. Create a business plan and choose the direction you want to go. My advice would be to do some research into the different areas you can make money and find one that interests you. Then dive in and absorb as much information about that particular area that you can. There is an awful lot of info available for free and many paid programs worth their weight in gold. But there are also many programs and products that are a complete waste of time. So beware.

    Your best bet is to hang out here and gather up info from the people who have been around for a while, read their posts, ask questions, and do your research. The Warrior Forum is a one of the best resources available in my opinion. Hang onto your money for now and spend some time researching all the options out there as there are plenty of them. When you finally decide which direction you want to go you will know where you need to spend your money. If you can, find a mentor who is making money and follow in their footsteps. And don't give up!

    Good Luck!

    Newbies, need help with the "nuts & bolts" of Internet Marketing?
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    • Profile picture of the author lakshaybehl

      I have actually posted a blueprint.... Check it out!....


      Actually let it load completely before you start scrolling down!

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      • Profile picture of the author napoleonfirst
        Create a hosted Wordpress blog in the Weight loss niche. Use the Google site map, All in one seo pack and Adsense plugins. Use an autoresponder to get the emails of your visitors and send them offers. Use the trackboost software to get traffic, this software is recommended by John Reese. Any questions just PM me.
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        • Profile picture of the author naruq
          First I would find a hot target market. I would become an affiliate for a solid information marketing products. I would place an ad in a targeted e-zine newsletter. I would place an ad in a targeted Industry magazine offline. In addition, I would also do some free online marketing to get target traffic to my website such as article marketing. Remember products and services are a dime a dozen. The most important thing is your market.

          Please do not use affiliate links in signatures

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          • Profile picture of the author TOPGUN08
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            • Profile picture of the author myob
              "$1000 seed capital" is not really much money at all and it can go fast. Try some of the "free" resources first, such as writing articles and submitting to article directories and ezines with a link to your product page.. Once your product is converting, then spend that money wisely.
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              • Profile picture of the author Don Alm
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                • Profile picture of the author adarwish
                  Put it in a savings account until you learn enough about IM, then use a couple hundred to test out a couple things that you feel may work out for you. And work from there...
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                  • Profile picture of the author ryanstreet

                    Research. I would spend $900 in research and $100 in getting your site up, b/c it costs so little to run a site now.

                    Hosting - $20 for six months
                    Web Template - Free
                    Email programs - Free (PHPlist)
                    Aweber autoresponder per month - $20
                    Paypal - Free
                    Scripts and helper tools - Free
                    Advice - Free (from Warrior Forum)

                    What am i at? $40? See, startup cost is nothing, but you will drain your account in hype, gimmicks, newest fads, latest ploys, and you name it.

                    I know this is a simplification. There are some more costs if you take those routes (PPC, Ghost writers, etc.) but overall the biggest thing you will sink your time and money into is the one of the biggest things you NEED to sink your time and money into.

                    YOUR NICHE!

                    Find out what the people want and you will be a success. That is worth it's weight in gold any day of the week.

                    I hope this helps.

                    See ya.
                    Ryan Street
                    PHP Developer Specializing in WordPress and Magento
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                    • Profile picture of the author John Ritz
                      Whatever you decide, I'd take a little bit and test things out, to try to maximize your ROI.

                      You know, where you can spend a dollar and get 2 or 3 or 4 or more back,

                      Once you can do that, spend the rest and reap your ROI. Then go back and refine, test some more and maximize that ROI. Look for upsells, cross-sells, back-end products, residual income, basically set up your marketing funnel to, well, you know...maximize your ROI!

                      And never stop doing that, even as you move onto other projects.
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                      • Profile picture of the author pmore
                        Don't go crazy with any one idea - you might just blow that $1000 fast. Test your ideas using low cost methods first, then improve on it. When you're confident that it's converting well, either spend some of that money to drive more traffic to it, or outsource the most important and time consuming parts of that business while you work on your next income stream.
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                        • Profile picture of the author tradewiser
                          Thanks to everyone that replied. Allot of food for thought there.

                          After looking around I think the best first step for me is to join the War Room. It looks really good value for money for a lifetime investment. That should hopefully shorten the learning curve quite a bit.
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                          • Profile picture of the author TheMagicShow
                            Here is the plan:

                            1. create a report or have a lance consultant create one for you (0$=$100)
                            2. Have a minisite designed for you ($80-$200)
                            3. Have a sales letter written $45-$200
                            4. Get your product on clickbank
                            5. Create affiliate tools ($100 to $200)
                            6. Test for conversions

                            Then just go out and recruit affilites.

                            " You can either give a man a fish and feed him for a day OR teach him how to catch a fish and it will feed him for a lifetime"

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