ANy Ideas for this??

Do you have all the basics?

Web hosting, domains if needed, perhaps aweber

You need a marketing plan. Otherwise, you're susceptible to falling into the trap of going after everything everyone wants to sell you and having no money left. If you stop and work with someone that knows what they are doing, and discuss options then you will go into this knowing where to put your money, and what to expect from it. You'll also know what's not working and when to drop something or when to invest more in it because it's producing.

It is not smart for anyone starting out to just "go" - you need a plan.

If you are going to focus on the work at home niche then I would register your own domain name with make money online or home business or work at home in it.

Find a profitable program that can bank you anywhere between $50-$1000 per sale and write a short review about it on your site.

Then I would take some money and invest it in learning how to market online.

There is one book that I always like to recommend to new people and that is:

How I made my first million dollars online and how you can too by Ewen Chia.
It is a physical book and you can not download it online. You will need to get in online though Amazon.com or Barnes and Noble's website.

It gives you everything you need to master paid and free advertising techniques. I even recommend it to older internet marketers who want to take their income to a new level

Yes, that's great. That means you are mentally ready for a small business. Let's see some points that wikihow says for us -

Start a perfect Online Business - wikiHow

My suggestion is to start with strong basement like this -
1. Register a good domain.
2. Find a perfect web host.
3. Hire a designer to create it for you.
4. Set up online payment system.
5. Determine Product Delivery Methods
6. Build Site Traffic
7. Publish an Email Newsletter
8. Track growth

If I were in your shoes I'd take a few hours to take stock of your current level of knowledge, passions and directions that you COULD take. Then figure out what product or service you can offer to others and move from there. Getting into the make money online niche when you haven't made money online is a difficult position to be in. I know that it might be popular but it isn't a long-term strategy.

And, if you have taken the time to save money to invest in your business you are likely thinking long term.

Remember that working online is nothing more than using the Internet as a marketing vehicle for a product or service that you should also be able to sell offline. In other words, if you are selling a pdf or video series about how to play the piano, make money using direct mail (an offline analogy for the Internet) or how to build the greatest potato gun ever - you should be able to sell that information offline as well as online. When you phrase your business development along the lines of marketing a real product or service to real people you have started developing a long-term business plan.

I would say that you hire someone to build list for you. From the list that have been created, you can promote affiliate products or your own wso/product.

Just my 2 cents. Cheers

Sounds to me like you have worked hard to save and build your capital. You also, with the greatest respect, sound like you're a little unclear what to do with it. Most people with experience doing business online will tell you, you can blow your capital very quickly without seeing a penny back.

IMHO, create a plan for yourself, learn about what things are in demand online, see how your current skills/knowledge reconcile to that demand, then invest your capital accordingly to create your business.

I am just trying to move in the right direction.

Hey Buddy,
Seems that you really want to make it in this industry, which is great, but unsure what direction you want to take because you dont want to waste your time and your money. I agree with mostly what everyone has said above but what I would like to add is to focus on one niche//strategy and focus on perfecting that to you start generating the income you want. I could tell you what direction to go in but what may work for me may not work for you and vice versa. So pick one area and become a master at it and shoot for the stars.

Invest in a couple of products that you believe in, inside a niche that you can wake up everyday and be passionate about. Do not start in MAKE MONEY ONLINE niche unless its CPA which is free to start. You have to create the dream big picture before you start traveling in that direction. Your on that step.

I agree that first of all get all the basics: hosting, autoresponder, etc. Invest in a good WP theme like SalesPressPro or OptimizePress and some quality plugins like Instabuilder for awesome squeeze pages. Find a WSO with a nice graphics collection. With those tools in hand, you'll be ready to head in whatever direction you want.

If you still had money after investing in the above things, I would probably outsource something. Find someone here on WF or on oDesk that can write a 30 page report that you can sell as a WSO. Or outsource a book that you can publish to Kindle (that way it makes you money every month if you market it right). You can produce a LOT more by outsourcing. Your first try may fail or not hit it big, but if you keep at it, you'll succeed.

Well you have to plan out first where you going to invest... Invest in the area where you think you are the best... If you are good in IM Industry and knows much about it, simply invest there and do not invest there where you don't know... Cheers

Fellow warriors have given you some great advises on how you should spend it.

My advise to you will be different, I will talk about what you shouldn't do.. simple:

"DO NOT invest or spend your money when you have NO clue on what you're doing, invest some time to study your plan first before investing any money."

Ways to study your plan:

1) Do a research on the internet
2) Buy a book or ebook to read
3) Go through some case studies
4) Seek advise from those who have already gotten the results you want

I have to agree with JeremiahSay. Do not spend any money on WSOs. Don't look for "methods", shiny objects, magic bullets.

The first thing you need to do is research. You're the only one who can decide what kind of business you want to try. Read until you figure that out. Once you've decided, you'll know what you need to spend money on. It will probably be hosting, domains, autoresponder account, etc. You might even need an info course at that time to help you over the hump if there are things you'd like to learn about that business model. The time to spend some money on your business is after you've got a plan for a business, not before.