Newbie wondering where to invest her money!

27 replies
Hey all,

I just quit my high-paying professional job so I could stay home with my kids. I have been studying internet marketing and ecommerce for a couple of years now. I even bought a black hat SEO reseller site for like $45 to play around with and learn the Wordpress platform, hostgator cPanel, etc. So now I am free of "the man" and looking to start anew! I am looking to buy a serious site/business that already has income. I need it to be as hands off as possible (outsource!), preferrably a business that is making at least over $1,000/month.

If you were new at all this and had $26,000, where would you invest it? If you could go back to the beginning and invest $26,000 with all the knowledge you have now, where would you invest it? Ecommerce, dropshipping, educating yourself on web design/development, custom website, buying goods from china to resell on ebay?? conferences? books? :confused:

The choices are overwhelming!! I look forward to your comments!

Thanks,
April
#invest #money #newbie #wondering
  • Profile picture of the author brutecky
    $26,000 is far to much for a site that only brings in $1,000 per month unless it has a very good income history and is not in a niche that is likely to fade. But even then its probably to high.

    You could check out flippa.com
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    • Profile picture of the author katerpillrgrl
      Originally Posted by brutecky View Post

      $26,000 is far to much for a site that only brings in $1,000 per month unless it has a very good income history and is not in a niche that is likely to fade. But even then its probably to high.

      You could check out flippa.com
      No worries. I've studied flippa profusely! Lol! I've gotten decent at site valuation. I would not put all of my money on a site making only $1,000. Thanks for the feedback!!
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  • Profile picture of the author Thriftypreneur
    Originally Posted by katerpillrgrl View Post

    Hey all,

    I just quit my high-paying professional job so I could stay home with my kids. I have been studying internet marketing and ecommerce for a couple of years now. I even bought a black hat SEO reseller site for like $45 to play around with and learn the Wordpress platform, hostgator cPanel, etc. So now I am free of "the man" and looking to start anew! I am looking to buy a serious site/business that already has income. I need it to be as hands off as possible (outsource!), preferrably a business that is making at least over $1,000/month.

    If you were new at all this and had $26,000, where would you invest it? If you could go back to the beginning and invest $26,000 with all the knowledge you have now, where would you invest it? Ecommerce, dropshipping, educating yourself on web design/development, custom website, buying goods from china to resell on ebay?? conferences? books? :confused:

    The choices are overwhelming!! I look forward to your comments!

    Thanks,
    April
    With $26K and time on my hands? Start learning to program apps, build them, deploy them and then sell them to Google/Yahoo/Facebook for 1 billion+. Seems to be what all the cool kids are doing these days.

    As for buying a site... Do heavy research on anything before you buy and get to learn the market so you don't get ripped off. A legitimate site, at 1k/month can cost anywhere from $12k (one year of earnings) up to $36K (three years of earnings). The difference in price comes from several factors (niche, site type, traffic sources, branding, automation, etc, etc, etc, etc) that you'll need to learn in order to avoid overpaying.

    Good luck. Get to studying.
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  • Profile picture of the author RogueOne
    If you were new at all this and had $26,000, where would you invest it?
    I would put $25,000 in the bank. $1,000 is more then enough to get started. After you have some experience you can expand on what's working.
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    • Profile picture of the author katerpillrgrl
      Originally Posted by RogueOne View Post

      I would put $25,000 in the bank. $1,000 is more then enough to get started. After you have some experience you can expand on what's working.
      So all I need is $1,000 to get me making $1,000/month right out the door?! Tell me more....
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      • I'd target the B2B market in an industry where I have specialized authority knowledge, real world expertise and relevant resources.

        Then, I'd create custom technologies that will help these B2B markets to develop better products, cut down their overheads, position their brand and products, widen their market reach and promote repeat business for them, and I'll bundle these solutions with specialized custom professional services, in order to integrate continuity into my offers.

        For instance, if I were to develop a custom integrated cloud-based inbound/outbound voice support, live Web chat support and email support solution for the tech and customer call center support operations of my B2B targets, and also integrate offshore tech/customer support agent services into these solutions, then I could earn far more than $1000/month as net profits with just one client corporation/company/business that needs say 5 tech support agents and 5 customer support agents under an initial trial 6-month contract and a longer contract afterwards.

        The example above is also a sustainable and scalable model. These are things that I've been doing for more than 8 years now, and I didn't have anything close to $500 when I started. This year, we're developing software solutions and tech products for blind and visually impaired users (I'm totally blind myself)...
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      • Profile picture of the author mikelmraz
        Originally Posted by katerpillrgrl View Post

        So all I need is $1,000 to get me making $1,000/month right out the door?! Tell me more....
        You would need a whole plan for a website and create good content. If you are marketing the site full-time, it may be able to net you $1k per month within 2 or 3 months.
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    • Profile picture of the author sscot
      Originally Posted by RogueOne View Post

      I would put $25,000 in the bank. $1,000 is more then enough to get started. After you have some experience you can expand on what's working.
      Very true, you should never ever spend such a money without experience.
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  • Profile picture of the author bigballin6161
    If I had that kind of money I would learn how to do
    PPC/Media buys either with CPA or even your own product. You might burn through like $5000 to get good at it but once you know what you are doing you can make insane amounts of money very quickly.
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  • Profile picture of the author eClicker
    I would invest in a great well recommended coach. That is enough money to get coaching and get profitable. There are several coaching related threads on the forum. Higher price does not mean good either. And ignore all the PMs I am sure you have gotten for posting this thread lol

    Good Luck
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  • Profile picture of the author BoJoFitz
    Originally Posted by katerpillrgrl View Post

    Hey all,

    I just quit my high-paying professional job so I could stay home with my kids. I have been studying internet marketing and ecommerce for a couple of years now. I even bought a black hat SEO reseller site for like $45 to play around with and learn the Wordpress platform, hostgator cPanel, etc. So now I am free of "the man" and looking to start anew! I am looking to buy a serious site/business that already has income. I need it to be as hands off as possible (outsource!), preferrably a business that is making at least over $1,000/month.

    If you were new at all this and had $26,000, where would you invest it? If you could go back to the beginning and invest $26,000 with all the knowledge you have now, where would you invest it? Ecommerce, dropshipping, educating yourself on web design/development, custom website, buying goods from china to resell on ebay?? conferences? books? :confused:

    The choices are overwhelming!! I look forward to your comments!

    Thanks,
    April
    There's a fair share of of time and money wasters out there ... are you being PMed with offers/advice since you've posted your questions and thoughts?

    Tread carefully, and I only say that because you were so open about your situation.

    Give Magic Mike's threads a read ...
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  • Profile picture of the author ReferralCandy
    No matter how much money you've got, you won't be making $1,000/month out of the door, because what you need is skills, expertise, know-how... and that's never an overnight thing.

    I'd suggest reading up as much as you can about entrepreneurship and problem-solving. Figure out what problems plague you and see if you can solve them, for yourself and for others. What would YOU pay to have solved? Find others like yourself.

    You say you quit a high-paying professional job- there are probably some skills and perspectives you have from that that you could leverage into the online marketplace.

    PS: Please be careful with your money!
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  • Profile picture of the author Nightengale
    Buying an existing business is usually a faster way to get started than starting from scratch. But whether you're starting a business from scratch or buying an existing business, you'll need to be able to run that business and typically, you'll need to have knowledge of the products/services you're offering and your market. Experience is also a plus.

    And whether you're starting from scratch or buying an existing business, its WON'T be hands-off "autopilot" anything in the beginning. Even an existing business will require quite a time investment in the beginning to transition, keep things running, etc. You'll likely want to make changes too. Even little changes can be very time-consuming.

    Obvious, yes. But without more details, it's hard to be more specific.

    I see too many Warriors thinking in terms of "website" instead of "business." Your website is not a business. Your business has a website. It's more than just semantics.

    If you're open to "anything," it says you're not clear and specific about what type of business you want to run. Your best bet is to start with an area you have experience in and which you have a passion for.

    There's a world of difference between being an eBay reseller and being a web designer. They are two TOTALLY different things. So what do you want to do?

    Talking about PPC, article marketing, etc. is way premature at this point. First you need to know what you want to do online.

    Do you want to be an eBay reseller or a web designer or...? Once you know what direction you want to go, we can offer you much more helpful suggestions.

    Hope that helps!

    Michelle
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  • Profile picture of the author kkll78
    First, put some of that money away for your family. Next, do not chase push button softwares or the get rich them! Focus on getting a funnel set up in your niche and do things to grow your business. You do not need a lot of money to start. The key is to start and TAKE ACTION!!!! Figure out your niche and set up a sales funnel. Market to that niche.
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  • Profile picture of the author Bit Designs
    With that kind of money you could easily invest half of it into a site already making a decent profit, then invest the other half into growing that business.
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  • Profile picture of the author joseph7384
    Ignore any offers that you may get regarding your post, I'm quite sure you'll get plenty of PM'S. The first thing that I would do is get a War room subscription and start from there, study various business models and educate yourself before running out and spending that kind of money, a few hundred is more than enough to get started.
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  • Profile picture of the author Victor Edson
    Coaching.

    You can hire someone for a few hundred and they'll show you how to save a boat load of time, more than likely they'll teach you how to create products and sell them in a niche you're interested in.

    There's a ton of different methods to generating the type of income you're looking for.

    If I were you, I'd invest a chunk in autocontent adsense sites, $1,000 could get you 100 sites, and another $250 per month or so could get you a VA to handle the maintenance.. after a few months 100 niche sites would be creating you the type of income you're looking for and give you the chance to either focus on new methods or scale the adsense.

    Long term, you wanna be looking at creating info products and building a list of buyers.

    A coach can help you save a boat load of struggle and put you in the right direction.
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    • Profile picture of the author Intrepreneur
      Originally Posted by Victor Edson View Post


      If I were you, I'd invest a chunk in autocontent adsense sites, $1,000 could get you 100 sites, and another $250 per month or so could get you a VA to handle the maintenance.. .
      100 sites?

      Terrible advice..

      One good site using converting content is all that would be needed.
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  • Profile picture of the author Intrepreneur
    If you invested $26,000 into a start-up blog..

    You would return $1000 a month easy.

    But you first need to understand content generation and what content will return your investment quicker.

    So study, study, study blogging then get started but be careful you don't jump the gun!

    I've done it before so I know.
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  • Profile picture of the author Sheila Ross
    Nobody can assure you about how much you can earn per month. They can only assume and give you tips. There are a lot of warriors who started with only $50 or less. They are very successful now. Some of them are making really good figure per month. All it takes proper knowledge and effort.
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  • Profile picture of the author Jeff Willy
    I would strongly advice that you should not invest money without any experience. Try to save most of your money in the bank, and spend lesser money for IM investments.
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  • Profile picture of the author Dlemon
    Article marketing affiliate products from clickbank is a great way to start. You can find some pretty decent writers for a good price in the warriors for hire section if you don't have time to write.

    Honestly the free methods are the best but can be time consuming.
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  • Profile picture of the author Mike Hlatky
    Buy a website that is currently making $1000-$2000 per month. Expand upon it and resell.

    Of course, if I have limited knowledge about buying and selling websites, I wouldn't dive off in the deep end. I would look at sites more in the $500-$1000 range
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  • Profile picture of the author bizgrower
    Good for you for having money in the bank and for deciding to stay home.
    Having your kids play with your hair has got to be more rewarding than any cubicle thing.

    Keep as much money as you can in the bank. Try to start with less than $1500.

    It's easier to start a business in a market you already know and with knowledge, skills and abilities you already have.

    Write down a list of subjects that you already know about AND find interesting.

    Then think about products or services from that list and do some market research.
    Figure out something you can offer to a hungry market that solves their problems or
    provides benefits or products they want.

    You might be able to provide a service to the industry you were in.

    Providing website design and internet marketing services is certainly an avenue.

    Once you decide on some business ideas, find people doing well with similar businesses and learn from them and their business model.

    Dan
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  • Profile picture of the author Horacioplus
    I started a website on January 2nd and invested over $800 dollars. After 6 months im making $500 monthly. I only spend few hrs a week. Now im planing to create a bigger site, now that have experience but would need a partner.

    From what i know! You dont need more than $10000 to create an online business Unless you're planning to create a big corporation..
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