I have $2000 to invest , what should I do ?

What's the business about and what does it do?

Save it and research until you know what you want to do. If anybody could profit with $2000 with no knowledge, don't you think everyone would do it?

Put your money away. You shouldn't spend ANY money until you know what kind of online business you want to start (which it sounds like you don't).

Having no idea what you want to sell or WHO you're going to sell it to is BAD. Never go after a market based strictly on potential revenue.

You need to know a lot more before you can hope to make money online.

Clarity is a HUGE part of IM success. I hope this post brings some clarity. It's so simple when you know it -- and darn difficult when you don't! I owe my mentors a world of thanks for bringing this clarity.

IM is actually pretty simple: you can sell only one of two things:

1. Products
2. Services

That's it!

And selling products or services online happens in the same basic way for everyone, no matter what they're selling:

Traffic > Opt-in page > Autoresponder series (or e-zine) > Sales page

That's it! It's just that simple. (We IMers tend to overcomplicate things.)

But no matter what your niche is, or whether you're selling a product or a service, do you know what your business model is?

A business model is the framework or skeleton of your business. Essentially there are three types of online business models:

1. Membership-based model

A membership-based business model allows you to build a community of people (your members) who are as passionate about your subject as you are. Your membership fees can be monthly or annual, but either way, you're building recurring, passive income.

There are a lot of resources and information out there to help you build a membership-based business if you're interested in doing this.

2. Product-based model

Selling products allows you to maximize your time and effort by selling items over and over again. This can be hard goods or it can be information products. Information marketing is it's own business model under the product-based model. Information marketing allows you to take your brain to the bank by creating a product ONCE based on what you know and selling it over and over again.

Affiliate marketing falls under both models. You can choose to market either products or services as an affiliate.

3. Service-based model

Selling services can be great for 1) generating quick cash (as in the case of article writing or video producing) and 2) establishing your expertise and getting testimonials.

However, in the long run, your goal should be to offer services at a PREMIUM. The biggest advantage of IM is LEVERAGE. You're able to leverage your time, money and expertise exponentially online. We all have just 24 hours each day. Time to get ruthless about what you expect for those hours you spend in IM each day. Expect more of yourself and more from your business friends, clients, partners, etc.

What results are you getting for those hours you spend online each day? Ultimately, your services should be at the bottom of your funnel and cost the most since they involve your time and personal attention. (We all have a limited amount of time each day.)

The fun (and confusion) comes in with all of the endless mix-and-match possibilities of the above models. If you're just starting or still struggling to make money, keep it simple:

Pick just ONE!

1. Pick ONE niche. (Something you're interested in and know something about.)

2. Pick ONE target market for your product or service. (Who will buy what you're offering? The more specific you are, the more you narrow it down, the more successful you'll be.)

3. Pick ONE business model.

Now that you're clear about what business you're in, FOCUS! (And stop buying any info not related to your niche and target market, period!)

F -- Follow
O -- One
C -- Course
U -- Until
S -- Successful

And remember: build a list, Build a List, BUILD A LIST!

In IM, it's easy to put the cart before the horse. Take a deep breath, step back and consider what type of business you REALLY want. Don't worry about getting traffic or buying that expensive traffic product until you know 1) what your business model is, 2) what niche you're in and 3) WHO your target market is!

Successful business people will tell you that MARKETING is more than half the effort that's needed for success anyway. So pick a niche, target market and business model. Then spend most of your time and effort marketing it.

If you DON'T have a solid plan or system, THAT'S when it's hard. A good system will shave YEARS (and save you big $$$) off of your learning curve

That's why I recommend investing in at least one good, comprehensive IM course (or mentor who will give you such a system) instead of jumping from one $37 e-book to the next. A lot of people here complain about not being able to make any money. But neither are they willing to invest in their business. (Buying a random bunch of $37 e-books doesn't count.)

The best thing I ever did was invest in a comprehensive IM course aimed at REAL business owners, not just other IM wannabes. Yes it was $1500. (It's no longer available.) But it was truly some of the best A-Z IM info I ever bought. Everything else I've learned (from the $37 e-books) since has simply been plugged into this system.

Get a solid plan or system and then work the plan!

Hope this helps!

Michelle

Hi Alex, if I were you I would have invested my money in Neobux.. I would buy Golden $90 and Ultimate $890 / year each and rent thousands of referrals

What is you currend business? You can invest on advertising it.
This is a huge amount of money you can very easily start creating your own products to sell online, if you don't know how to create or what to create you can JV which can help you earn lot of money.

So you are looking for a 100% return on investment? In what time frame?

Higher return, higher risk.

What every you do, make sure that you invest it to assets not incur costs. Only assets can give you long term value. Making return by incurring costs is just betting.

You have to tell few thing to get a sensible advice.
1.What is your online business ?
2.How your online business currently doing ?

If you already have an online business then invest part of your money in advertising , SEO and list building.

Target a specific business model, find a good mentor that specialize in such model and invest your $$$.

There are many good coaches around here on WF.

For $2k, I bet that you can find one easily.

You might want to check out the WSO section

Good Luck

$2k isn't all that much in the grander scheme of things. You could easily spend that getting someone to design a site, commissioning a very basic product and buying solo ads to sell it.
Careful with your cash, it goes like water online so you must have a very detailed blueprint to follow.

Be very careful about broadcasting about how much you'll spend. You might get targeted by all sorts of fake gurus and 'coaches' hellbent on separating you from your money. You're better off spending a FRACTION of that money on the WAR ROOM here and cutting your teeth on basic FREE WSOs.

want to invest in paid traffic ....

Promoting what? Your traffic is no good if they're not going to be taken somewhere that they can buy things. You can't simply rely on one method and presume you're going to make it big. Again, if it were that easy, everyone would be doing it.

If you have money you have a lot of way to spend it. But if you have a solid plan you have way to earn money. So start learning here ans start earning than that of spending money.

All the advice given here is great. Speaking very practically, I would suggest you at least take a look at Kindle marketing. You can outsource a lot of the work with people like me or others and then make a lot more than your investment in months to come.

The great thing about Kindle is that it becomes passive income. It takes a little time to get it up and going, but it is almost guaranteed to far outweigh your initial investment.

Get a really good IM coach. Seriously, it's the best decision I've ever made.

PS. Good doesn't mean that you need to pay the entire $2k for the coaching - you can find a great mentor for $1k and below.

Jan

I started with $100 and am beginning to pick up speed.

Get a mentor. RW Biggs if you can afford him.

If you invest your $2,000 at one time, you probably won't get $2,000+ back right away. Use your money to build a high quality opt-in email list, because these are the people who will be most likely to buy your products.

open an online ecommerce website with cheap products

Any suggestions with facebook ads ?

be careful with your money, you can easily lose it and it hurts. Ideally you want to spend part of the money into learning and then the rest on the decisions based on the learning.

Do not buy paid traffic unless you understand how ppc works, it is much more than just creating ads and getting clicks.

I'd stick to promoting Clickbank products!

Their payment options will definitely help you out with cash flow!

Dude.. your setting yourself up for failure. Dont do adsense, dont do clickbank products.. get into intellectual property and development.. otherwise your going to run circles and lose your shirt. I started out with $50 bucks in my pocket and now I do $500k/year.. dont buy make money products.. get in a solid group of guys and keep your head low. But what do I know right.. I've just been doing this since the 90s..

You must have a great OFFER and a high conversion sales funnel in place.

Before investing $2000 start small and check the conversion rate. It's very easy to burn that kind of money.

I agree. Pay for a coach or join a private mastermind.

I spent $6000 to join a private mastermind, and that's where I learned how to finally make money with anything.

Learn a paid traffic method. Mobile marketing is blowing up, getting it now at the ground floor can make you a nice sizable income.

2k is actually a good amount to start with, plenty to buy enough data to get a few campaigns optimized and profitable.

Don't spend it haha -- that's what I did with my first $1,500 from IM... bought paintball gear.

any media buying place you know where i can get good website ?

Since you want to invest in paid traffic(good idea btw) I'd recommend buying a few wsos about mobile marketing. Mobile traffic is pretty cheap and if you get a good education first it should only cost a couple hundred to a thousand to find a profitable campaign that you throw money into while testing new campaigns.