Should i invest everything i make?

Name me one successful business that succeeds with just one strategy? You definitely need to put the money you earn back into your business. What were you going to do with it anyway? You need to test out different advertising strategies for sure. Building a list through JUST solo ads is NOT what you should be doing. You need to get your business cap on and diversify your strategies to see what works best for you. You also need to think outside the box.

Look into targeting different prospects, instead of targeting affiliate marketers (who are mostly opportunity seekers) target real entrepreneurs who already have money to spend. Try banner advertising, list brokers (do your homework before paying for these) youtube paid listings, facebook advertising, newspaper ads, flyers, business cards, paid classifieds etc.

There's no point picking one strategy and sticking to it. You very may well be neglecting far more lucrative ways of getting leads, but you will not know this until you test it. Start very small, find what works and scale it up...then move on to the next strategy. Don't be looking for quick bucks and building fast lists just for the sake of it. Sit down and devise your own strategy and get to work implementing it.

Keep it 75%/25% across everything you do in IM, obviously from the PROFIT!

That way, when you start making it big, you can reduce it, say by 5% each Quarter, until it gets to 25%/75%, which is more than enough to have a very comfy lifestyle from IM as your main income

If it's me, I'll invest the revenue to the Solo Ads again. The method has been proved to be a successful one. So why you should spend time to try other methods? You must scale up your business as fast as you could, until your business could run without you.

You have to write more article and video marketing to get free traffic. Video Marketing may get fast and good result. For blog and articles takes longer time but good for long term business.

My reinvesting formula is this:
I get 50% out.
I leave 40% for expenses.
I put 10% where i dont touch them at all!

Everyone has their own ratio for investing. I go with Save 50% of profit and invest 50%.

It all depends on you. Are you a student? Are you a father of 3 working 10+ hours a day? How much you save and how much you invest will depend on your circumstances.

You have to look at your unique situation...do you need the money right now? If you have a job and you do not truly "need" the extra money right now, I would reinvest as much as possible.

Look outside of solo ads as well...they are great, but there are more methods you can use to build a list as well.

Invest as much as you can after expenses.

I see many different viewpoints floating around, my advice would be to do whatever suits you best. There are times, especially when you are first starting out, that you may feel the need to pump everything that you make back into your business, on the other hand, sometimes you may feel that everything is going at a good pace and that you can start benefitting from the money that you're earning.

Just whatever you do, don't make the mistake of blowing all of your money in one go, always make sure to have a nice chunk left as a backup in case things don't go quite as intended. Hard work and a bit of ingenuity can get you out of most situations, but a bit of money can help a lot, and at the very least make the entire process move along a bit faster.

You could use social media ie Facebook ads to lead prospects to a squeeze page to collect email addresses.

Possibly a free video or ebook as the offer might work.

Great thing about social media advertising is that it can be so damn cheap!

Hope that helps!

~S

If it is working well for you, just keep doing it.

What I would not recommend that you do is promote regular affiliate programs that pay you a one time commission.

You should focus on programs that allow you to do 2 things:

1. Earn a monthly residual income. (Monthly recurring commissions)

2. Allows you to recruit other affiliates that will build their own business online and make you more money. Also known as internet network marketing.

If you do what I said, you will do well online. With regular affiliate programs that pay you a ONE time commission, you will find out sooner then later that you are wasting your time with it.

The more you invest, the more you make.

But you should keep some money to enjoy life.

What is the point of making money if you can't use it...

Hi Wannabeaim, could you please share who you buy solo ads from in here? Want to buy more solo ads too. I do believe that solo ads do bring a lot of result. The Paid Solo Ads :-)

In any business, you have to think about expansion or scaling it up to the next level. Reinvesting a certain percentage of profits is sound business sense.

Remember to keep your existing list entertained by providing more value and a few offers now and then.

I am just beginning to build my list and I invest all money into advertising. You must use all forms of advertising. Do not forget the social aspect.
It is going to take time to build a list with large numbers.

If you are just in the beginning stage, it would be better if you reinvest your profits
into more solo ads. Your aim here is to scale up your business & build your list as fast as you can.
once your list is bigger, you can then reinvest just a portion of your profits.