What would YOU do with if all you had left was $10000??

by suncit
20 replies
Hello fellow warriors,
What would you do if you had to start all over again and all you had left was 10 grand??
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  • Profile picture of the author paul nicholls
    well thats easy peasy

    as long as i know what i know now

    i would create a content rich blog adding plenty of juicy content

    at the same time i would start building a list, create a high quality freebie, videos etc and also create a great product

    then i would just spend my time building my list and creating more content for my blog

    this business model alone is super powerful ;-)

    basically not really much different to what im doing now

    KISS

    keep it simple stupid

    paul
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  • Profile picture of the author tpw
    If I wasn't currently making money online, and I only had $10,000, I'd be getting a job.

    Without consistent revenue from a business, that $10,000 will not last you very long at all.

    I would save my money to have money to invest in my business, and keep the job so that I could pay my bills.
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    • Profile picture of the author fin
      Get a flight to Chiang Mai - $1000

      12 months rent (living frugaly) - $6000

      Capitol in reserve to buy tools - $3000

      Then I'd start a blog, much like what I do now, and work on it 12 hours per day for a year, but hopefully I'd be successful much quicker.
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    • Profile picture of the author cashcow
      Originally Posted by tpw View Post

      If I wasn't currently making money online, and I only had $10,000, I'd be getting a job.

      Without consistent revenue from a business, that $10,000 will not last you very long at all.

      I would save my money to have money to invest in my business, and keep the job so that I could pay my bills.
      Yeah, $10,000 would not last very long for me at all. I would also have to get a job.

      Then I suppose I would use the $10,000 to invest in content for a website and product or series of products.

      But even for that, the $10,000 really wouldn't go that far and since I'd be working the job all day, I wouldn't have a lot of time to put into the business. Perhaps the smartest use of it would be to learn how to buy traffic properly and put the $10,000 towards that.

      Or maybe I would just take it and go on a nice big vacation and forget all about IM.
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      Gone Fishing
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  • Profile picture of the author E. Brian Rose
    Everybody's situation is different. For a 20 year old kid that lives with his parents, it is easy to take your only ten grand and invest it into a budding business venture. That's not the case for a father of two that is depended on to support a family. Dad needs an income and Dad knows much better than young Bif about how little 10k really is.

    Then there are others that will read this that have never even had ten grand in their possession. Actually, that is most likely the majority of those that will read this thread. To them, this thread is either something that they look at as a goal or it just royally pisses them off, because they find it arrogant.
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    Founder of JVZoo. All around good guy :)

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    • Profile picture of the author DBracey
      First, I'd take a week off to relax, clear my mind, and stop stressing about money.

      Second, I'd give myself a month or two to see how I go at building an online income that can save me from ever having to leave home to earn my money again. I don't just mean building lists or establishing affiliate revenue, which typically takes time and perseverance, but to begin with I'd hedge my bets by freelancing myself out in a way that could capitalize on my present skill-set. In other words, positioning myself with an immediate service or product related revenue stream that would pay my bills as and while I simultaneously build a non-service related revenue stream. If you can do X, hire yourself out to those who need someone who can do X. All you have to do is find online where those people are, and make your offer heard.

      I wouldn't cast my mind too much further than that for now. First, set yourself up so you can get the money you need week to week. Second, build the path to getting the money you want.

      A couple of people have brought up the idea of getting a job. For me, that would be the last thing on my mind, unless you consider freelancing on line as "getting a job". With $10,000 in the bank, providing you don't have any serious financial commitments weighing you down, that should be ample to get your online money making endeavors up and running such that you could avoid ever having to get a job again. If you really do need a job, consider going for a casual one. That way you get higher rates but still have the free time to build your online freelancing and residual income business.

      My advice is pretty simple when you break it down: $10,000 is enough to build a lucrative business. See it as your opportunity to do so. Get a job as a last resort, or get a part-time/casual job as a last support

      Good luck with whatever path you go!
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    • Profile picture of the author twentytwo
      Originally Posted by E. Brian Rose View Post

      Everybody's situation is different. For a 20 year old kid that lives with his parents, it is easy to take your only ten grand and invest it into a budding business venture. That's not the case for a father of two that is depended on to support a family. Dad needs an income and Dad knows much better than young Bif about how little 10k really is.

      Then there are others that will read this that have never even had ten grand in their possession. Actually, that is most likely the majority of those that will read this thread. To them, this thread is either something that they look at as a goal or it just royally pisses them off, because they find it arrogant.
      LOL.... ur a funny man
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  • Profile picture of the author ttdub
    I'd start writing books and market the crap out of them.
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  • Profile picture of the author Rick Britton
    I'd have a party!

    no serious I would get a really slick sales funnel built for me, create a few products that I alredy have in mind, launch one or two on Warrior, build a list as fast as possible and market the products to the list and do massive social marketing

    in fact this is exactly what I am planning to achieve right now only on a budget of about $50 a month!!
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  • Profile picture of the author WebPen
    Get a job?

    Or if you're trying to simply do it with IM- I'd recommend trying to move someplace where cost of living is dirt dirt cheap. 10 grand won't get you extremely far in the US or Europe, but other places it will last you a long time while you build your business.
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    • Profile picture of the author suncit
      Great comments everyone, I should have made my initial post a bit clearer.
      All your day to day expenses are all covered, and the 10k would be used solely to get you back in the IM game.

      What would you do to generate an income online (or off) in the shortest amount of time, if this was your scenario?
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  • Profile picture of the author TheArticlePros
    Originally Posted by suncit View Post

    Hello fellow warriors,
    What would you do if you had to start all over again and all you had left was 10 grand??
    I'd do 3 things:

    1) Convince Allen or Paul to make a mandatory course for anyone who wants to post on the WF in any subforum to teach them to use the search button and look for posts (like this one) that have already been made hundreds of times.

    2) Hire someone in India or the Phillippines to sit here in the WF all day and make posts with nothing but links to other threads that already answered the question.

    3) Use the remaining money promote my article writing business, maybe with PPC, or use it so I could just have a month or two to do forum postings and guest blogs and get my name out there more than it already is.

    My two cents.

    -- j
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  • Profile picture of the author Trevor M
    If you don't have a job, get one.

    10 grand isn't going to last you very long.

    Around your 9 - 5 job I would be looking to get a blog set up and start building a list.

    Focus on profiting after you get them signed up by setting up a terrific sales funnel. Giving out freebies as well as selling to them occasionally.

    Once you've set up and optimized one blog and its sales funnel, create another blog and do the same.

    Good luck

    - Trevor
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  • Profile picture of the author suncit
    @DBracey that would be right, had a large chunk of my income wiped out by the last google update and before browsing WSOs I wondering what folks might come up with of they were on a similar situation.

    I knew the one place I could turn to for great ideas would be the warrior forum
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    • Profile picture of the author DBracey
      To be honest, I've always been one for achieving my online money making goals while trying to spend as little as I can to do it. Not through a fear of spending, but through a genuine desire to maximize what I can earn without having to spend a cent (or close to) to do it. Since 2005 every cent I've earned has been online, so I can honestly say I've never once needed to think about investing thousands of dollars to do it. It's usually my time that I'm investing, although I admit, one could argue my time IS money...

      Nonetheless, if I allocated $10,000 to burn on an IM business strategy, I think I'd still choose not to unless a really, really compelling opportunity was presented to me - and I mean really compelling. So that said, I wonder if you should be thinking about how to start your successful IM strategy by spending as little of your $10,000 as possible?

      Just a thought.
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  • Profile picture of the author xxxJamesxxx
    In my opinion, that amount is a little over-kill to start an online business.

    I would only need a fraction of that to get started.

    James Scholes
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  • Profile picture of the author ryansjacket
    I would start a web design business. Designing free super clean wordpress themes for companies. Making money on the upsell. Would find the best contractors at the lowest rate. Able to deliver our work at lightening speed. Then I would someone to post ads for me and get a small cold calling campaign going, then scale it up as the money comes in.
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  • Profile picture of the author Noel Cunningham
    I'd search out a reputable mentor and spend 2k - 5k on a coaching program and use the rest of the money to (a live off of and (b implement what I'm taught.

    10k is still a nice amount of cash and would be very confident of getting things up and running fast with that kind of financial backing.
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  • Profile picture of the author ginder
    I would invest all of it in buying cheap distressed sites available on flippa and invest in quality content. Build huge authority websites out of those and flip some to make back my investment and hold the rest. Rinse and Repeat
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