$3000 to invest. Offline VS Online Business?

I would spend it investing into a company that gave you 100% commissions, has cutting edge marketing training and had a per person earning potential of $875 per person about to go up to $1675 earning potential after april 1st. I would then do paid advertising to a lead capture page and personally contact the leads to connect and build rapport, identify their problem and solve their problem. That's just me though...

I'm probably going to be in a group of one saying this, but I woud use internet marketing to build his offline business.

If the TFC keep doing what they are doing they might ban affiliate marketing, meaning internet marketing would have to evolve massively. It's unlikely but the whole aff marketing industry is full of deceit and untruths so I wouldn't dismiss it so quickly.

I'd be aiming to get as much in control of his business as possible. As IM is at the moment, so much depends on outside factors that can't be controlled.

If you/him/they have money to spend, be very careful with it.


Money can run out very, very fast when you are simply just wasting it - let me tell you from experience.

Hi there,

Well here's the thing. It's his money.

I'm sure you're a caring friend, but after all that's said and done it's his choice. To which you shouldn't need to try to convince. You can only suggest.

There are some killer points to starting an online business over an offline one.

1) Lower overhead.
2) Larger market potential.
3) Social media and viral marketing.
4) Having email marketing in the mix.
5) And much more.

Although, he may be able to use these elements even with his offline business, depending on what kind it is, and how he plans to go about it.

All the best either way! As long as he acts and believes.

If he doesn't know what to do with his money, then he should just hold on to it. I'm not sure what kind of offline business he could start, even part time, with only 3 grand.

To me, online is his only option unless he plans on buying two investment properties (1500 down each)

3000 could set up a nice online business....there's too much he could go for.

He can buy some youtube accounts with high views/subs and change links to money sources.

He can buy a hella domains and either flip them or make a bunch of squeeze pages and sales pages.

He could start a hosting company using hostgator's reseller account.

He can do a lot with that money online...can't do much offline with it...

I would invest it in an online business before an offline one. For $3,000 you could get all the software and advertising you need to kick some arse!

Basic question: Does that guy know anything about marketing online?

Does he know his stuff offline?

Never, ever waste your money on something you don't know. It's his money, so either he "invest" into YOUR stuff... otherwise if he has no clue I would tell him to invest it where he is able to make a ROI quickly from it.

Knowledge first, invest after.

if you're interested in selling physical goods, a good friend of mine is starting a new ecommerce venture in jewelry. known him for over 5 years, and is a vetern ecommerce specialist and worked as a vp/director of marketing in various firms in toronto

E-Commerce Investment Opportunity (~800% Return))

It is okay to start an offline business and then make it have a big online presence. Not all businesses must be 100% online. And not all people love or are passionate about IM as we do. That's what I teach all the time.

He would be better off starting an offline business to turn profits instantly. Online marketing depends on to many factors. One of them is traffic.

Offline is easy, buy from the wholesale, offer it on eBay or Craigslist or your local online marketplace and sell to the end consumer, simple as that when you know what kind of things sell. Then use these profits to experiment with full online things like affiliate marketing / adsense, all the usual.

You can just compare that how much you able to earn back with 3k in offline and how much can earn with 3k in online.
Basically offline spend more money on capital and reach smaller market. But with online, you can reach larger market with lot of free marketing method and some paid marketing methods.
But conversion rate is all depend on how you market it in the right time and right place.

If i get the 3k , for sure i will spend it to get a gd domain and hosting. Then spend other for marketing campaign. i believe 3 k in offline, you only spend it all in the shop rental.

1. Learn.
2. Network.
3. Consult.
4. Guidance.
5. Experiment.
6. Start small.
7. Implement.
8. Track.
9. Reinvest.

Flippa is a great place to buy a business model web site which offers a service. Most of these services are included in fiverr. You can promote this web site can be promoted via PPC.
Money > PPC > Fiverr service reselling in service web site

This is a great business in these days.

Many businesses can be marketed both online and offline. A lot of which you choose should be determined by what type of product you have. For example, if you have a product that teaches you how to make money online, then you would more than likely want to market it online. Whether you want to market online or off, test your marketing strategy and make sure your return on investment makes that particular marketing method worth the time and money and scale it up.

To run a full fledged offline business, i think you will need to spend more than $3000. An average direct mail test campaign of only 1000 names will probably cost you around $500. That's 1/6 of his investment gone. Now imagine if he did a standard test of 5,000 names... his $3000 could be wiped out immediately.

There is a HUGE point being missed here. It is completely impossible to answer this question properly without intimate knowledge of the individual that will own the business.

Let me explain. In my ten years doing this I have been involved in ventures from 3k and into 6 figures, I have written custom software to manage huge organizations and consulted on every kind of business plan you can imagine.

The money is almost always irrelevant. It is the knowledge and skills the person possesses that makes up 99% of the chance of success. If this person does not understand online business you could give him 100k and he would figure out a way to screw it up. Alternately some experience Warriors (mabye 1-2% on here) could take 3k and turn it into a 10-20k a month business largely due to their unique and varied talents in the field.

To prove my point how many times have you heard of very successful businesses being handed down to be destroyed in 12 months. How many times have you heard of companies that everyone thought was doomed but as soon as they brought in the right CEO it all got turned around.

The big problem here on Warrior Forum as that there are all these systems for sale and yet 99% of people that buy them never make a a nickel because they do not have the skills or experience to run the type of business they system actually builds.

Last week as a playful test I tweaked a WSO I bought for under $10 and made 6k in 7 days. My actual profit after service delivery was about $5,500.

Now I could write it all up and sell it as a WSO trying to convince everyone on here they could do the same BUT I have been doing this for 10 years and I know that it would NOT be true that their results would be the same! If I ever create a WSO it is probably destined to fail lol because I will have big disclaimers like "your chance of success is almost zero".

Why?

I have significant experience in copy, email advertising, video advertising, cold calling, split testing etc.. plus a huge stable of CEO's that would endorse me if they got a call so it would not be fair to say anyone could do if I put even a tiny bit of these skills into what I did.

The big thing is that you can take a completely successful system online or offline and let another person work it and they would NOT have the same results. Hec I have a friend who owns successful mom and pop pizzeria's and if he changes the person behind the counters from his main guys profits drop like a stone. Not because the other guy can't cook, it might just be his phone skills, lack of knowing customer names, how he speaks to staff that causes a drop in teamwork etc..

There are so many slight nuances in the difference between success and failure that the business choice is a very small part of the equation. I would focus on areas that your friend has had some success on or has some passion about.

3k is nothing and success from 3k will be about loving what they person does and being willing to spend 15 hours a day 7 days a week getting better at it until it becomes second nature.

With $3000, your friend could outsource a lot of the work necessary to bring in some money. This way he would not have to be too experienced in IM, he would just have to have some know-how, be able to learn, and be dedicated.

Tell him to go into offline business - he can always promote it online.

If he knows what he's doing offline and can make money - why switch to online and deal with a large learning curve and an unpredictable marketplace?

Sam

I would create 20 ebooks and take the $1000 of that to market the ebook

Then I would hold on to the $2000 dollars, put in the bank.

$1000 dollars is more than enough, to start creating quality ebooks and getting traffic them and begin information empire

$3,000 will tend to go more in the internet then offline

I would use your time to create products and the $3000 to market them with PPC.

You can outsource everything like SEO, articles, press releases but the way the big boys do it and the way I do it even now is to step out of your comfort zone and learn that you are first a marketing company and second selling products.

While many people will read this and think sure sure... PPC is not for everyone. I agree with that, but paid advertising can be very powerful if you test small scale and find something that works.

Take some courses you need to learn.