$20/Day Budget for IM

It entirely depends on what you are trying to accomplish....whether that be creating a blog, product, traffic....and who your audience is, what market or niche you are in etc...

1. You could hang out on the warrior forum for a year and take in all the awesome free knowledge that you can get from the experts here, (without spending a dime on information). Meanwhile, take the $20/Day and save it up. By this time next year you will be filled with knowledge and ready for battle, only this time you will have $7300 to start with.

2. You could invest it into WSO's, eBooks, courses, mentoring, or invest it here, and invest it there, as advised by others, without really having any plan, and by this time next year, odds are that you will be $7300 poorer, and the info you purchased will be outdated, and Marketers will thank you for putting your funds into "their" pockets.

I agree. You have to figure out what your going to spend your money on first. Traffic, solo ads, or anything like that. Then you could add up all that you need to jump start your business and save up until you have made that much.

Best Regards,

David Burnett

A full time Virtual Assistant.

There are plenty of smart, competent VA's who when hired would remove you from remedial tasks and get you back to what you should be doing and that is growing and scaling your business.

I venture 50-60% of the typical internet marketer's daily tasks can be outsourced to a good VA. $600 will even get you two full timers but it would make more sense to pay one person that wage, treat them like gold, and teach them the boring shxt.

It would depend on where you are in your business. If you have everything set up already (i.e. blog, domain, hosting, autoresponder, etc) then I would definitely learn everything I can in my particular niche and start marketing. That would include free methods as well as paid methods. In regards to paid methods, I would venture into solo ads initially as they are the fastest way to build a list and possibly some up front sales as well. Which in turn, you can put back into your business and scale to even greater heights.

Personally I'd invest that money to buy traffic to build a mailing list. Then you could market to that list over and over again.

I agree with MJones70.

Assuming, your site is setup, you have landing page with a solid offer/product to sell, and you are building a mailing list.

1) I would spend that $20 per day to test some long tail search traffic on your offer. (Long tail should be cheaper to get if you search well - think "1993 Mazda Miata Convertible" vs. "Car". You will very quickly find out what kind of traffic doesn't work - If 200 people land on your offer but nobody buys... then it's the wrong traffic for your offer. Improve the offer or make search phrases more precise/specific to match the offer.)

2) When you find a phrase that converts well (>1%) determine if it's profitable to keep paying for the traffic (this will depend on your commissions and the cost of the traffic).
--2a) If it's profitable, slowly start buying more traffic each day. Ratchet your traffic up slowly to be sure your testing wasn't just a "fluke". If it stays profitable - Look for other sources for that search traffic (Bing, Yahoo, Google, 7Search, Miva, Ask, etc... etc...) to test on.
--2b) If it's NOT profitable (this is usually the case if there is a lot of PPC competition) stop spending the money on traffic and spend it on creating some SEO'd content.

3) Start building some compelling content on authority sites (YouTube, Squidoo, E-zine Articles, About.com, etc...) around that search phase and point the content to your landing page via links or author boxes. Spend the $20 per day you're not spending on traffic on some solid articles from iWriter or some other place like that. Make sure it's high quality content.

4) Take that same content and create it in different formats (Could probably get someone on fiver to do this for you if you're lazy) - PDFs, PowerPoints, MP3s, Video, etc... etc... and submit all those to related services (PDF would go to scribd.com, Videos to YouTube, MP3s to Ipadio or Podcast, PowerPoints to slideshare - You get the picture).

5) Find places that you can back-link from for the articles (Ideally high traffic bloggers with related content). Or if you don't mind doing what google tells you not to do, spend your $20 to have someone on fiver create a mass of low quality back-links to your articles. (As long as you're pointing low quality links to trusted authority sites [not your landing page] the "link juice" will pass and so will the traffic from natural search.)

If you need more help - let me know where you're lost and I'll write up an article for you here.

The first thing that I will do is to decide on ONE system that I will follow so that I will know the actions that I need to take. Once I know the list of things that I need to do, then I will invest that money into advertisement that will help me get more visitors to my website. This means that more people will be aware of my promotion. This is what I will do personally.

I would invest it in content.

Investing in content has never let me down.

I would look for advice - someone who already has done what you are going to accomplish will truly help. Beside that, I'd use the money to take action:
Get my blog up and running
Buy Aweber and built an email list
Invest in content.
I believe that you cannot invest in anything better than in content because that is what you'll have full control about while buying backlinks, etc might or might not turn out in profit.
better is you invest in content because that is what will make your blog worth more after all

My goal is to build a 100K list by end of 2013.

You can maybe run some PPC campaigns using CPA offers and optimize it. After you have made more money, you can scale up and go for $50/day, $100/day, etc.

Here's what I should do with $20 a day in the IM niche.

the first 2 months I would build a blog and get content about yourself on the net. Just go get some exposure about myself online.

The next two months I would spend on creating products or finding the right affiliate programs to promote.

After 4 months, I start buying solo ads to build a list.

Two months later I would start doing JV's

When I have content about myself and my business online, and I have a list it's time to Jv with others.
From that point it's pure leverage!

But that's just me.....

$20 a day sounds like a wonderful media buy budget. Pick an offer-- maybe cpa or a clickbank offer, than run media buy test on selling your offer until you find the perfct campaign.

Get a mentor.

Simple maths :

Use $20 per day to build a list -- you can easily add 30 subscriber per day
At the end of month you have a list of 900 subscribers.
Sell solo ads and keep building your list
At the end of second month you have a list of atleast 2200 subscriber ( if you reinvest the amount you earned by selling solo ads).
Repeat the process third month , fourth month .... and so on.

And at the end of six month you have a list of atleast 20000 subscribers .
With this list you can easily earn $ 2000-3000 per month.

Save up $100 for the first week, invest in a solo ad to build your list. Break even on the cost of that solo ad by redirecting the opt-ins to an affiliate offer or have an offer on your thank-you page. Then re-invest what you make back plus add that $20 each day to buy more traffic and keep building your list. Rinse and recycle and you'll have a large list in no time with minimal investment.

I'd look for some passive income building websites. I have a great one on my review page and invest the money there. Build it up so I can do bigger things with it. I'd also use some money for solo ads to things I'm promoting.

I would use it to buy traffic