how would you invest $6000 to make you more $$$

by Msands
44 replies
hey guys...I just ran into $6000...but instead of spending it foolishly I would rather use it to make more money...except I'm not certain about much ideas to dio this...HELP!!!

if you have any suggestions at all I would really appreciate it...
#$$$ #invest #make
  • Profile picture of the author PowerEdge
    I have a bank account, now if you wouldn't mind placing the full amount therein, I would be happy to hold your investment, till it is fully spent. Yeah, but seriously... I just finished writing a post to someone else, if you don't mind the tone of it, it does have a few suggestions; which again, are about a simple principle: using it to make a more automated or better managed money making system (getting others to make the money back for you).

    http://www.warriorforum.com/main-int...ml#post5967453

    Not sure what you'd even like to invest in, or where you see yourself going... but it just is so broad. Were you even wanting to invest in some sort of internet marketing?

    I mean there are websites you could buy or build, books you could pay someone to write, apps you could build or create, services you could buy and resell.... it goes on and on.

    Firstly, maybe answer a few things?

    1. How active do you want to be in your investment- 100% active means you are doing all of the work yourself. 50/50% means you and someone else, or you and a group.

    10% could mean that you are just overseeing and managing the main aspects; whereas the rest is mostly automated or well managed on it's own.

    2. Do you want this to be YOUR project; or a shared project, or something separate from you? A joint venture, or something that you are just solely responsible. Or are you looking for something that is already working as is (working as an affiliate, or investing in ads to promote something that already sells well) that you just want to fund into, and get a return of your investment (examples: stocks, company shares?)?

    3. What do you hate? I mean really... there are certain niches which you just aren't into. That kind of matters; because whatever you hate, you probably don't want to throw money into either... especially if it doesn't turn out.

    4. What kind of return are you looking for, and in what timeframe?

    If this is a hobby investment, or if this is a strict ROI investment, or if this is a slow RRSP type investment... you haven't said?


    5. Do you want to invest in multiple ventures?
    - It may be wise to spread the seeds across all the land, instead of one part.

    6. Offline or Online Investments? Physical or Digital?- Physical, meaning something you can actually hold, possibly as a lame example, something sports collection related, which can increase in value. Digital: investing in a digital product (ebook, songs, images online....videos...)

    Offline investments: funding joint ventures offline, to get a return of investment; or selling a physical product offline, like an actual book, or maybe some diet pills....which you then get a return on when you make the money back. Health and beauty products can be sold offline too (think Avon. Lame, I know; but think about it anyway. LOL).

    7. How Much Do You Want To Spend On One Thing?- The cost of your desired investment kind of matters too. I don't imagine you would want to throw $6000 down on one thing alone, and it most definitely is not recommended that you do such (or even come close), until you have at least tested the investment opportunity.

    Some investments have a cap, which is a hard lesson for some to learn; especially if they dump a bunch of money into something, thinking adding more gets more... it does not always work like that. Adding some, can get some; but as mentioned, some things DO have a cap; because on their own, as a single unit, they really can only go so far.

    A good example of this, is ads... one specific ad, can only go so far, especially if it is targeted traffic. This is why some folks have multiple ads out, of varying levels... diversity in the investment, to reach the diversity of the crowd.
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    • Profile picture of the author Peter ONeill
      Originally Posted by PowerEdge View Post

      I have a bank account, now if you wouldn't mind placing the full amount therein, I would be happy to hold your investment, till it is fully spent.
      Lol. My Nigerian stock broker can also look after it for you!
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    • Profile picture of the author Sean Doody
      It depends man.

      Where are you as regards Internet marketing right now?

      Do you have a particular business model that you know and you are following?

      Once you know where you are going then deciding the best possible way to spend your money becomes a whole lot easier, and a whole lot more benificial to you.

      Get back to me on those 2 questions and we'll take it from there. I'll do what I can

      I ain't got no product to offer you so this ain't no sales pitch.

      Don't take blind recommendations from people who don't even know where you are and what direction you wanna go.

      Speak soon,

      Sean
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  • Profile picture of the author NoviIM
    I would start building authority niche type sites with 50+ pages and rank for 100's of keywords. Once the keywords are in top positions you should see significant income coming from these type of sites.
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  • Profile picture of the author ryanmilligan
    Banned
    I would save $5000 of it.


    $1000 is more than enough for a newbie to start up with.
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    • Profile picture of the author theory expert
      Banned
      Originally Posted by ryanmilligan View Post

      I would save $5000 of it.


      $1000 is more than enough for a newbie to start up with.
      May I ask a question. Is $1000 more than enough to start when you do not want to do any of the work? I don't think you asked the OP any questions of his skill set. :confused:
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      • Profile picture of the author Phobia
        Originally Posted by theory expert View Post

        May I ask a question. Is $1000 more than enough to start when you do not want to do any of the work? I don't think you asked the OP any questions of his skill set. :confused:
        That's true.

        $6000 is ALOT of money and I guess it's the question of the maximum ROI you can get out of it.
        Hiring freelancers are so affordable these days and the booming of Fiverr can really cut down costs...you could literally have your business set up for $500 and an ongoing team for another $500 a year...
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        • Profile picture of the author theory expert
          Banned
          Originally Posted by Phobia View Post

          That's true.

          $6000 is ALOT of money and I guess it's the question of the maximum ROI you can get out of it.
          Hiring freelancers are so affordable these days and the booming of Fiverr can really cut down costs...you could literally have your business set up for $500 and an ongoing team for another $500 a year...
          Hiring what kind of freelancers for $500 bucks and $500 a year? I think you are speaking from someone who already knows what they are doing. Hence: Owner Operator. I am speaking from an absentee owner/investor stand point. The kind of hires where you put people in place who already know what they are doing and do not need direction. A copywriter would wipe $1000 out alone! A websigner, article writers, on and on.
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    • Profile picture of the author Jonathan Joseph
      Hey Msands,

      I've gotta agree with Ryan on this one! Be diligent, stick to one method and put the rest into a savings account.

      All the best!

      Originally Posted by ryanmilligan View Post

      I would save $5000 of it.


      $1000 is more than enough for a newbie to start up with.
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      Jon

      "Success comes when people act together; failure tends to happen alone." -- Deepak Chopra

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    • Profile picture of the author Saito
      Originally Posted by ryanmilligan View Post

      I would save $5000 of it.


      $1000 is more than enough for a newbie to start up with.
      What he said. Start one for $1000 and end up needing $2000. Put the rest in a savings account for a while until the first one starts breaking even or better. This may never happen.

      having money makes a lot of beginning entrepreneurs [no offense if you aren't] dangerous, and I have seen people throw a lot of money at something as if that is the solution.

      Years ago, i blew $50,000 on a new business idea because I thought I was hot shiz who could never fail. Got a big office space, employees, computers, all that. In hindsight, i could have spent $1000, tried it from home, and abandoned the project much sooner. Start small.
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  • Profile picture of the author Alphy3000
    Nice to just ran into $6000, wish I had this more often. I must chase after it to have it. (luckily im a good chaser though)

    Anyway, give more feedback about the areas in business youre looking at and/or have experience in..

    If I must assume youre strictly a internet marketer, then I would suggest you try Affiliate/CPA marketing and invest some of that 6k into paid traffic.

    Creating an information product, if you have some skills in an area, building a list with paid traffic and/or other traffic tactics would be beneficial to you. That would be my top choice.

    You can setup a Ecommerce shop, and invest some of that into outsourcing SEO + paid traffic..

    You can do Offline marketing..

    Give us some feedback into what youre looking at, cause its such a broad question man, you can go into all kinds of areas.

    One more thing though... investment capital often makes people less resourceful at the startup phase, and you need resourcefullness as a entrepreneur.

    - Alphy
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  • Profile picture of the author SandyWF
    I would put half of it away for a rainy day and use the other half to build authority sites. One you get them ranked you will undoubtedly be rolling in the moolah!
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  • Profile picture of the author SandyWF
    Sorry looks like NoviIm already said that
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    • Profile picture of the author thriftgirl62
      Asking that question on this forum means you want to know how to make money online starting with $6K rather than the $100 or $200 most people start out with. You want to skip the freebies and get on the fast-track but which one? The one YOU choose for yourself.

      NOBODY can sell you anything except whatever works for THEM because they don't know what works for you. Marketers can only HOPE it works for everyone else because they only KNOW what works for them or they wouldn't waste time promoting it. YOUR job is BUYING what works for you, not what everyone else is SELLING. But that's no fun and easier said than done.

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      DEMO APP customized for Curated Content and Best in the World Offers There's a link in the description for $12,000 worth of products, mostly from 2009 and 2010 for $20 - that's it. $20 and NO, it's not an affiliate link.

      I found that page by accident when I was searching for some banner software. If you go to the home page, there's nothing that links to that page - it was in the search engines. NOW, keep your money and your EYES wide open!

      Want to build a real working website - that will slowly but surely make money? SiteSell or SiteBuildIt has everything you need for $300/yr. Everything but it's so boring, following all those rules. It's like getting married at 14 without ever getting to play the field.
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  • Profile picture of the author macker2298
    invest 25%..save 50% and blow the other 25% on something that makes you happy
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  • Profile picture of the author Ryan Dunn
    That's plenty of money to get started in this business. Hell, most people here probably started with $0 and built up from there, so you are in a good position.

    Personally I would start with sending traffic to an affiliate product using a high-quality traffic source, such as Facebook Ads. Find something that interests you and that you know a lot of other people are making a lot of money with. If others are making it work, you just have to figure out how to make it work too. You know it can be done.

    But stay focused by sticking to one product and one traffic source until you've either figured it out and can scale it up, or you've exhausted all options and just can't make it work. This is a far better strategy and use of your time/money than trying to throw a bunch of mud at the wall and see what sticks. You're more likely to just end up flushing your money down the toilet that way. You're better off putting 100% effort into one thing than 10% effort in 10 things.

    Also, just because you have $6k to spend, act as if you have just $500... meaning start small and slow when buying traffic. You will lose money out of the gate, but if you budget wisely and take your time to test ads until you get the right combination of good Click-Through-Rate and Conversions/Sales, you'll kill it. Once you have your winning combination, scale up and turn that $6k into $600k.

    Good luck!
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  • Profile picture of the author HCRoyo
    I started making money from $0 , so maybe you are a LOT blessed than me.
    But back to your question, I will try to maybe setup a niche site, put 10 pages of content on it and advertise on Adwords. Split test and burn some money for that purpose, but make sure you choose a product that can bring you at least $40-$50 per sale in commission so you can cover the costs. That way, you won't have to wait for months for the sites to age and the keywords to rank.
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  • Profile picture of the author probo
    just spend it man..haha...dont take my advice
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  • Profile picture of the author Ryan Parker
    Just be careful - it's extremely easy to spend a lot of money. Don't buy everything you think will help you just because you can, or your money will go down the drain very fast.
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  • Profile picture of the author MikeTucker
    1. War Room membership
    2. Build your list(s) with lots of Solo Ads
    3. Build your list with a few great articles.

    Best of luck.
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  • Profile picture of the author JBanis
    I think you need to think about your plan, what you want, with IM, what model of money making you want to use. Do Not expect to just invest say 5k somewhere and as if by magic you'll make more money. There is usually effort required no matter what.

    But...I think you could speed it up if you had access to some great mentoring or coaching, if you were ready for that. Again, important to not go for any random coach...due diligence required here...but the combination of good coaching, one that does show you some of the ropes but also makes sure you focus on your business direction, I reckon can be helpful.

    Unfortunately, I cannot give any clear recommendations right now, but it's certainly something I would consider myself if that amount fell into my lap...(apart from paying off some of my credit card :-) )

    Jan
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  • Profile picture of the author ishuvonet
    If I had the same amount of money i would spend it to buy a site that would have revenue around $10000 per month.
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  • Profile picture of the author gasman
    I would use it to speed up the process of the things I did for free to get to where I am today. In other words, I would OUTSOURCE! Investing my money in a website or several websites, with good content, good keyword research and some CPA offers is what I would do first starting out if I would have had $6000
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  • Profile picture of the author dakar
    Originally Posted by tylerherman View Post

    Put $5000 into Personal Loans & Investing with Peer Lending - Lending Club

    $1000 could buy you 20 or so domains, hosting a template and spend the other $700 or so on articles

    I couldn't even get this site to load up. I waited 10 seconds , didn't see anything, so i closed the browser window

    Msands:
    You need to tell us what skills you have. You might need to spend money on web design, writers, PPC, etc...
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  • Profile picture of the author J Bold
    Give it to me.

    Or, create a product or outsource the creation of a product. Pay good money for a copywriter and a JV broker. Launch in one or two months.

    Watch the money roll in? Maybe, if you do it right.

    Or, get a coach or join a great coaching program that has tons of good reviews.
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  • Profile picture of the author Trevor M
    Save $5000.

    There's nothing so important in internet marketing that you need over $1000 to start.

    Then do some research and find a market with a problem that they need solved...

    Outsource e-book creation for the problem...

    Set up a squeeze page or sales page (depending on whether you want to sell the e-book or give it away free to build a list).

    Drive traffic to the sales page or squeeze page.

    That's the simple version anyway

    - Trevor
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    • Profile picture of the author dakar
      Originally Posted by Trevor M View Post

      Save $5000.

      There's nothing so important in internet marketing that you need over $1000 to start.

      Then do some research and find a market with a problem that they need solved...

      Outsource e-book creation for the problem...

      Set up a squeeze page or sales page (depending on whether you want to sell the e-book or give it away free to build a list).

      Drive traffic to the sales page or squeeze page.

      That's the simple version anyway

      - Trevor
      I like your idea. How do you go about researching for a problem that needs a solution?
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      • Profile picture of the author eric w
        What's up fellow Michiganian, or is it Michigander? I'm in Dearborn, about 20 miles from you.

        I wouldn't start with the whole 6k. Start with spending $37 for access to the war room. Read about your interests...list building, seo, etc. Then, find a coach in the warrior forum that is established, has a good reputation, and is making money now in the discipline you're interested in.

        My suggestion is to get coaching that includes 1 on 1 by skype/phone and email..not these cookie cutter coaching programs that only give you access to videos and pdfs.

        Some are good, but the 1 on 1 is better.

        eric w
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  • Profile picture of the author SamDermot
    Banned
    As you are putting this question on Warrior forum - a biggest forum in internet marketing so I'm sure you may be interested in internet marketing stuffs.

    If you are new to internet marketing then don't invest $6000, start with $500 by creating any site of your interest, if this site started giving you money then you can invest more in this business.. this is tested method and lots of businessmen adopt this.
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    • Profile picture of the author Ryan Martin
      [DELETED]
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      • Profile picture of the author Kal Sallam
        Originally Posted by Ryan Martin View Post

        The fact that this guy never responded again in 4 days makes me not really care to respond with anything useful .
        You know what your right, sometimes people do that I have no idea why??
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  • Profile picture of the author Oliver Williams
    You are smart to ask for advice and look to others for suggestions and you would be wise to only follow advice from people who are already successful. That said, be careful who you take your advice from.

    I would only recommend investing money into a business once you already know what your conversions rates are. If you have a sales funnel and squeeze page that is converting then it is safe to put money into it, otherwise it is an "experiment".

    As others have said you do not need to spend over $1000 to set up a business and start making money, actually you can do this for under $100

    Good Luck.
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  • Profile picture of the author James B
    Maybe this guy doesn't know how to check back his thread..lol. I was going to list out a grip load of stuff, but after I read some comments. My mood is now "mehhh".
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  • Profile picture of the author celente
    I would do hard core PPC.

    YOu will not see many marketers really kill it without doing PPC.

    Start off with $500 and test stuff, and find something that works, and then go all out and upscale it.

    You could easily turn your $6000 into $12000 very very quickly. But first you must be able to create an ad and offer that converts / works ....and that is harder than most think.
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  • Profile picture of the author aZooZa
    There are a lot of sellers in the domain market lately, looking for cash. Buy some good domains on the cheap.
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  • Profile picture of the author tristatemedia
    go to flippa and buy a great established site and make money. get professional to do research before you buy anything that expensive.
    good luck
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  • Profile picture of the author affiliateg
    Split them in 6 and invest them in 6 different opportunities. Probably some of them will fail and you don't want all your money invested in those ones.
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    • Profile picture of the author TopKat22
      Originally Posted by affiliateg View Post

      Split them in 6 and invest them in 6 different opportunities. Probably some of them will fail and you don't want all your money invested in those ones.
      This is actually very poor advice unless you ALREADY have 6 things that are making you money.

      Most investers NEVER put more than 10% of their bank roll at risk at all.

      So in this scenario, that would be only $600 divided by 6 things which is $100 each AND EVEN THEN it is only with a lot of research, planning, information and advice from knowledgable people who have a proven track record and you have had due diligence done by a knowledgable person.
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      44 days in and we broke the $10K a month recurring bench mark.

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  • Profile picture of the author Tadresources
    If what you've been doing now is working on a small scale, then you might want to take some money to bring it to the next level. If not, invest that money in learning more and finding a better path.

    You might want to put half of that in a high yielding savings account or a money market account too. Something safe that will add interest.
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    • Profile picture of the author dakar
      Originally Posted by Tadresources View Post

      If what you've been doing now is working on a small scale, then you might want to take some money to bring it to the next level. If not, invest that money in learning more and finding a better path.

      You might want to put half of that in a high yielding savings account or a money market account too. Something safe that will add interest.
      Savings account is good advice.

      Does anybody know if there is any high yield savings account offering more than 1% APR nowadays?
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  • Profile picture of the author TopKat22
    If you DO NOT have an already successful project or action that you are ALREADY getting results, then I advice that you SAVE your money until you do.

    DO NOT spend that amount of money to FIND OUT if something works or NOT!

    If you DO have an already successful project that is doing well consistently, then use 1/3 of that money to ramp up that project and SAVE THE REST for a rainy day.

    I have found that it is the wealthiest people who hold on to the greatest part of their money. They pinch every penny and only spend it with much deliberation and thought and research and planning.
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  • Profile picture of the author AdwordsMogul
    From what you are saying, it seems you don't have an active income stream besides your job.

    Which means you need to put that money in the bank and lock it away.

    Your next step is to take say $50 - 100 buck and buy a couple of business books. I would strongly suggest Felix Dennis' "How to Get Rich" and one of Dan Kennedy's NO B.S books -> go through the catalogue and choose the BOOK that hits your fancy.

    Now, I said buy these books, not any other sort of product. That's because you need to have the right mindset before you spend any money on this stuff.

    Once you have a clearer idea about how this stuff works, you'll know your next step.

    The other option is to invest into one of the things suggested to you and wake up without it one sunny morning.

    (notice that the more experienced Warriors are dissuading you from spending this money).
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  • Profile picture of the author Manoj V
    Invest in some online real estate. There are some good WSOs running where you can get low competition niches with keywords identified for building websites and others where good websites will made for you on order. You can put Adsense ads on them and keep earning a monthly income off those sites. After a few months you will also have the option of flipping those sites for a good amount, usually 10-12 times the Adsense monthly income. If you don't want Adsense you can get Amazon affiliate sites made.

    To maintain these sites you can outsource backlinking and content creation to virtual assistants for $300 a month, in many cases less than your Adsense income from one site.
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