yes, another help me spend my money question...

1 replies
ok, first of all, sorry in advanced, I know to some people this may not seem like a big problem, I'm just looking to find options on my current situation.

Little back story...
I have $4,000 to invest, there are two things I'm wanting to invest the money in.

Thing #1 - Brand new product with complete sales funnel, follow up sequence and webinar. I'm thinking of hiring an done for you "business in a box" service to create a product for me and then after the sales funnel is completed and up and live, buying some solo ads to start running some live numbers through it.

Benefits of thing #1 -
  • I control the funnel, which allows me more control over the selling process.
  • After I get conversions good, I can start having affiliates promote it for an extra boost in sales.
  • The service I'm looking at using offers an guaranteed 1% conversion rate on the funnel or the entire money back. (...and the guy is a warrior and has a good reputation, so I know his team can get the job done.)
Thing #2 - Buying $4,000 worth of solo ads and build my list.

For this method I wouldn't have any type of sales funnel in place to recoup my investment, other then selling them affiliate related products. (after I've develop a mutual business relationship with the new subscribers). I'm planning on do that by streaming live web q/a sessions with them and answering any questions they may have with in there business.

Benefits of thing #2

  • Speed, I don't have to wait long to build the list and start doing live shows.
  • I have more options in which product I can promote to the new subscribers, in which I can send more targeted offers to them.
  • I don't have to deal with customer support or outsourced workers problems on time, etc...

Anyway, this is getting long, short story...which would you do?

Buy a complete sales funnel and work to get it converting, then buy more targeted traffic to that sales funnel...

Or

Buy the traffic first to build the list, then develop a business relationship with them by doing live q/a sessions and selling them targeted affiliate offers?

Thanks
Mark
#money #question #spend
  • Profile picture of the author lotsofsnow
    Originally Posted by Nickolie0990 View Post

    Anyway, this is getting long, short story...which would you do?

    Buy a complete sales funnel and work to get it converting, then buy more targeted traffic to that sales funnel...

    Or

    Buy the traffic first to build the list, then develop a business relationship with them by doing live q/a sessions and selling them targeted affiliate offers?
    If you buy a complete sales funnel you will not know whether it converts for you or not. Most likely it will not convert as you hope it will.

    If you spend $4k on solo ads you will most likely wind up with a relatively small list that on top of it will not convert - unless you know exactly where to buy the solo ads and how to build a relationship with that list.
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