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What can I invest $500 in?

I'm pretty good at building websites, logo design, finding leads, but nothing I can see to utilise for profit.

I also have a website I built recently to resell music fiverr gigs, everything looks legit I've only started contacting leads today but again..wouldn't be sure how to invest in it to capitalise


Any help much appreciated.
#$500 #invest
  • Profile picture of the author elusian
    Perhaps you can put that money into creating a product of your own in your niche and getting some affiliates to promote it for you. You could launch it on click bank pretty easily. A decent book costs anywhere from $250 to $500 with cover design. You will also need to either write a sales letter or hire someone to create it for you.
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  • Profile picture of the author CAmarketing
    Have you heard of peer to peer lending? You won't get any money back FAST with this method for only $500, but it's still something to consider. The top two sites for this type of investing are:

    https://www.lendingclub.com

    &

    https://www.prosper.com
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    • Profile picture of the author Car0251
      Originally Posted by CAmarketing View Post

      Have you heard of peer to peer lending? You won't get any money back FAST with this method for only $500, but it's still something to consider. The top two sites for this type of investing are:

      https://www.lendingclub.com

      &

      https://www.prosper.com
      Peer to Peer lending isn't a bad choice actually, but ideally to make any real money, I would say you should wait until you have $2000-$3000 first, Funding circle is another P2P lending site for those in the UK. Start with improving your site and advertising your services like the others have been saying and the investment should pay off.
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      • Profile picture of the author nik0
        Banned
        Originally Posted by Car0251 View Post

        Peer to Peer lending isn't a bad choice actually, but ideally to make any real money, I would say you should wait until you have $2000-$3000 first, Funding circle is another P2P lending site for those in the UK. Start with improving your site and advertising your services like the others have been saying and the investment should pay off.
        Read this first:

        Is Prosper.com a Good Investment? | Bad Money Advice

        It's a safer bet to put your money on a Cambodia bank account where you can get up to 10% interest, I've been told so do your own research first. Lol never mind, currently it's 1.4%, guess they used data back from 1994 lol.

        Well there are others that offer >10% according to this article:

        http://www.marketwatch.com/story/6-b...est-2013-08-07

        Proceed on own risk
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  • Profile picture of the author nicholasb
    you should use your $500 to advertise a service where you sell building websites, logo design, finding leads as a service or as an how to product..

    If you are good at getting leads selling your services should be no problem
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    • Profile picture of the author sylver
      Originally Posted by nicholasb View Post

      you should use your $500 to advertise a service where you sell building websites, logo design, finding leads as a service or as an how to product..

      If you are good at getting leads selling your services should be no problem
      I think this is the best reply I've read tonight, this is exactly my response too
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  • Profile picture of the author StrictlyTheBest
    I thought of that as I have a website I'm using atm for reselling quality fiverr gigs for press releases/music marketing. Can add web design to that no problem except I'm hopeless at advertising. I can build leads one by one and contact them accordingly but when it comes to buying solo ads etc I have no idea where to begin to get effective results.
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  • Profile picture of the author ChrisWJohnson
    Banned
    I think you should go for good affiliate network like jvzoo or warriorplus. Pick a high converting offer. then buy and send quality traffic. That's instant, easy and profitable.
    Let's say you pick a offer which converts 8% at $17 price with 100% commissions. If you send 500 quality clicks for $200 you will make $680 and $480 pure profits.
    Chris
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  • Best way is build a list, creating a sales funnel that you can break even with or profit from.

    Then market to them again and see if you can make profit on the follow ups.

    Whatever you made from the 500$ initial investment, lets say 200$ profit reinvest it to more traffic with a trusted solo ad or fb ppc.

    This is the best way to keep your money growing and list growing

    Joe
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  • I would invest it in buying a course from anik singal. He can help you on how you can build your income online. There's a lot of scams out there, I know Anik is the real deal.
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    • Profile picture of the author Steve B
      I guess I'm different than anyone else.

      I say put your money away and look for ways not to spend it. For a new and fledgling business, cash is king. Put it away until the answer to "how to spend it" becomes clear. When you know that, it will be a good purchase.

      People here on the forum shouldn't be telling any business owner how to spend his cash.

      Focus on setting up a business site (whatever market you go into), a way to attract and keep prospects (email list), a simple funnel, and sell a legitimate product or service. Spending money on advertising or marketing right out of the chute makes no sense unless you have a way to sell to those customers.

      So get the basics in place first, then make a few sales to prove your system, then it will become clear to you how to ramp up your business. That's when some cash will be most needed.

      Steve
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      • Profile picture of the author kilgore
        Originally Posted by Steve B View Post

        I say put your money away and look for ways not to spend it. For a new and fledgling business, cash is king. Put it away until the answer to "how to spend it" becomes clear. When you know that, it will be a good purchase.
        The above is very good advice. $500 isn't an investment. It's a business expense -- and a small one at that. For one business owner, that $500 might be best spent towards web hosting. For another advertising. For another, buying inventory to resell. And for another, it's probably best just to sock it away in the bank. And Steve's right: if you don't know what you need your money for, you're better off holding onto it until you do.

        If your goal is to turn your $500 into $1000 as a passive investment, you're better off investing that money in the stock market. If your goal is to turn your time, perseverance, skills and no small amount of luck into $1000 (or hopefully more), that's when you start a business.
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  • Profile picture of the author davidmac00
    My first investment would be in joining the War Room... can't recommend it highly enough
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  • Profile picture of the author nik0
    Banned
    Originally Posted by StrictlyTheBest View Post

    What can I invest $500 in?

    I'm pretty good at building websites, logo design, finding leads, but nothing I can see to utilise for profit.

    I also have a website I built recently to resell music fiverr gigs, everything looks legit I've only started contacting leads today but again..wouldn't be sure how to invest in it to capitalise


    Any help much appreciated.
    I don't really understand it, you say you're good at building sites and finding leads so why not turn those leads into buying customers for web / logo design?

    1+1 =2 right?
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  • Profile picture of the author Tom Addams
    Scale up.

    Find something that works for you and use the $500 to scale up. That is really the best piece of general advice I can give. If you don't have a working method as yet, then I suggest holding onto your $500 and trying to find one. I can blow through $500 in minutes on media buys and I remember when I first got into them and it took me a lot more than $500 before I knew enough to break even. That being said, you have some very good alternative ideas in this thread. I'll sum up my favorites:

    1. Mine.
    2. List-building.
    3. Education.

    Hope that helps. Don't let anyone tell you that $500 is a small amount in this business. I've made money with various things where I invested either nothing or a lot less. $500 is a really nice amount to turn your online business into something. You're doing the right thing by asking advice, too. Best of luck.
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  • Profile picture of the author Jarrod
    Lead gen is something most people struggle with. If you are really good at it, then this should definitely play a key role in your final solution.

    Questions to ask yourself:
    1-What kind of leads am I good at finding?
    2-Who could most benefit from having such leads?
    3-Where are those who would most benefit from having such leads?
    4-What type of mutual win/win scenario can I work out with such a one?

    Answer these questions, find a dozen or so folks who could benefit from your lead gen service, and simply bounce your idea off them and ask some questions, looking for honest feedback.

    DO NOT TRY TO SELL THEM YOUR SERVICE! Just have a conversation, see if the idea you have has merit in their eyes, what they would tweak and advise, etc.

    Then take your data and march forward with a plan of action!

    And as Steve B. noted, you want to hang onto your $$$ where you can, and doing what I've said here shouldn't cost you anything.
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    • Profile picture of the author RobLowe
      I've had the most success matching talented people like yourself with local businesses who self identify themselves as having a need for the benefits of the services you provide. Example: they want more visitors, so SEO drives traffic. They want more engagement, so website design is appropriate. They want more leads, develop a giveaway for sign-ups.

      Very little, if any of your $500 should be spent getting leads. You have a portfolio, put it together with actual results/benefits to your clients, and respond to help wanted ads. Start with Craigslist since it's the best known. Hit 10/day that sound like a good fit, and are paying gigs (unless you either like what they have to barter or just want more experience).

      Good luck!
      Rob
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  • Profile picture of the author Randall Magwood
    You should break your money up in chunks. $500 is $50 ten times. See what you can do with $50 ten times. I have a few ideas already for the first $50:

    1) Find niche

    2) Get domain name

    3) Get website

    4) Get autoresponder

    NEXT $50

    5) Test PPC to see if campaign is responsive with only around 200 clicks to your homepage

    6) Invest in different traffic sources, and see which are responsive

    7) Keep looking for more inexpensive (but effective) places to get promotion for your site
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