Where to invest $1500?

Discussion in 'General Business' started by Wulkanen, Nov 25, 2011.

  1. jmbinfo

    jmbinfo Well-Known Member

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    #21
    I like the ebook / Kindle store idea. I mean, I REALLY LIKE IT! In fact, I think I am going to throw some funds that way. I think there are potentially thousands of unsaturated "How Tos" that one could create.
     
    jmbinfo, Nov 30, 2011 IP
  2. sambling

    sambling Well-Known Member Affiliate Manager

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    #22
    You could pay people to write parts of the ebook for you. That way you have decreased your workload a lot, and you can have more ebooks to sell.
     
    sambling, Nov 30, 2011 IP
  3. wedreamseo

    wedreamseo Active Member

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    #23
    Why not start a PPC campaign, build a site with expensive products and pick out the cheap keywords that most advertisers forget about, you would need a lot of keywords though but can work pretty well.

    Another interesting option that would bring a nice profit is starting your own private blog network by buying a bunch of PR3+ domains and sell linkpackages on a monthly base. If you get 50 domains you can ask around $75/month and sell around 40 packages to keep the OBLs reasonable. That would make you $3k/month minus hosting costs which is max $250,-/month as they all need seperate hosting to stay undetected and you can also use them to blast your current sites.
     
    wedreamseo, Nov 30, 2011 IP
  4. raconnor

    raconnor Greenhorn

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    #24
    Investing in your own product is always going to bring long term income. Invest the $1,500 in to quality eBooks about something you're interested in, that you know well, and can sell and then work your way toward having people promote your products (through Clickbank or whatever).
    Set up aweber, etc, and once you get good affiliates promoting your product(s) you will eventually establish a nice list of double opt-in emails. Since you know your niche well (you could look into creating an eBook about your method that earns you $1,500-$3,000 per month--everyone wants those results) you will be able to create more products in that same niche and already have the mailing list to promote yourself.
    At this point you can break away from Clickbank, keep creating virtual products, and have an actual business. CPA/Adsense/promoting someone's product through PPC/all of that other stuff make other people money for their product from your hard work. Once you create your own products and start advertising the people/affiliates/advertisers will be working for you. Hands down, the best way to establish life-long income online is through product creation.
     
    raconnor, Nov 30, 2011 IP
  5. Wulkanen

    Wulkanen Well-Known Member

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    #25
    Yeh, I've been thinking of creating my own IM product, it's just that the market is so filled with crap eBooks
    that I don't really know how I could profit well from selling another "make money online" product.
    Plus, if I sell the eBook then my original source of money will decrease due to more people taking advantage of it.

    anyways, it's a nice idea that I will have to keep thinking about.
     
    Wulkanen, Nov 30, 2011 IP
  6. raconnor

    raconnor Greenhorn

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    #26
    It doesn't matter what the product is if you have the right affiliates in my opinion. They are how you get your foot in the door. Obviously if you have a high quality product it will eventually get promoted so I'm not saying you can just throw any shitty product out there and get rich (though some top affiliates on CB could probably [or have] do[ne] so).
    Do a soft launch of the product on Warrior Forums or (though I don't really recommend it) here on DP. Get your first month's sales data and start showing it to people who can promote your product on Clickbank or wherever.
    And the point of creating your own product was proven by yourself: methods get over saturated. Whatever method you are doing right now has the potential to dry up due to others finding that method out in the future, as you pointed out yourself. Trust me, the method will be discovered eventually. And when it is: someone is going to make a product about it. Then what? You're stuck with an over saturated method that is being promoted by a product that you no longer have a chance to get in on because someone beat you to the punch.
    Even if you decide not to stick to the IM niche there are plenty of other products that can be made out there if you are clever about it, do the proper research, and take initiative.
    In my opinion, an entrepreneur is someone who is running a business. It's not someone who utilizes a method of Working for a CPA company is no different than working for 'the man'. You do the dirty work and someone above you is getting paid more. That's why product creation can be a key to success--you are the highest on the food chain.
    Regardless of whether or not you choose creating an eBook to invest your money, you should (again, this is just my opinion) try to invest it into some form of business. That could be starting up some kind of service outsourcing company or whatever but it should definitely be with you as the top end of the food chain. Methods come and go, high paying keywords devalue, SEO is a crapshoot, but businesses can last forever. Just imagine if, instead of creating Facebook, Mark Zuckerberg decided to invest money into promoting someone else's products via Adwords or hiring people to do tons of SEO for his adsense blog. Sure, he might still be successful at that and make a little money but he wouldn't be running around with billions.
    Sorry for the long replies. I'm working my way to a drunken state and starting to ramble.
     
    raconnor, Nov 30, 2011 IP
  7. Wulkanen

    Wulkanen Well-Known Member

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    #27
    Yeh, I might start working on the eBooks tomorrow.
    I agree with you that the best way to make money is to be my own boss, not working for some network or similar.
    Now all I need is a good way of getting my eBook out there to as many potential buyers as possible.

    Thinking of setting up a website for the eBook once it's done, then promote it on warrior forum first maybe, though I
    don't have any experience from that forum yet. Personally I don't think the eBook will be popular enough to get active affiliates
    to promote it for me, but it's worth a shot.

    Anyways, with that said I am still looking for ideas, so bring it on people! :p
     
    Wulkanen, Nov 30, 2011 IP
  8. MediaMonty

    MediaMonty Greenhorn

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    #28
    You can use it to buy/sell items from CL. Usually Iphones/ smartphones / videogame systems can be bought and resold for a good profits. Have to really make sure you know your item resale values though. You have to really hunt down the good deals to make profit, this can be done by using a robot or external software to search/filter listings for you.
     
    MediaMonty, Nov 30, 2011 IP
  9. Wulkanen

    Wulkanen Well-Known Member

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    #29
    Sounds too complicated for me who is not an US resident.
     
    Wulkanen, Nov 30, 2011 IP
  10. kjh-08

    kjh-08 Well-Known Member

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    #30
    You could make money from making loans. Check out Prosper.com. I've borrowed and loaned money there before. You can spread the money over several loans and different interest rates. You get payments monthly.
     
    kjh-08, Dec 10, 2011 IP
  11. snshusat161

    snshusat161 Active Member

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    #31
    You could invest in our website. We are going to be the number one chat service provider in the world soon. (if we get the proper financial support). This Christmas we are going to make a blast. You could be the part of our team. :)

    Regards,
    Shubham
     
    snshusat161, Dec 11, 2011 IP
  12. gobrot

    gobrot Peon

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    #32
    I'm looking to invest also from $1k - $2k, if anyone have any prospective ideas please email me:
     
    gobrot, Dec 21, 2011 IP
  13. nisha134

    nisha134 Peon

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    #33
    You can invest the money on your site and start your online business and earn a lot of money from it...............
     
    nisha134, Dec 22, 2011 IP
  14. Rohail Enterprise

    Rohail Enterprise Member

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    #34
    There is this one website where you can still get items for cheap... However, I do not remember the name off hand. I'll try to pm you later.
     
    Rohail Enterprise, Dec 22, 2011 IP
  15. dwhswebhosting

    dwhswebhosting Well-Known Member

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    #35
    It deopends if your site is fialed in your product is ready then google adwords is the best marketing for the buck, long term SEO is next.
     
    dwhswebhosting, Dec 22, 2011 IP