I have an extra $5,000 to spare at this point in my life. Whats the best method or strategy to pour this money into? Open to all suggestions. Thanks~
It depends on who you ask. You have unlimited options with some imagination. My suggestion would be to purchase a website business that's already been built. After that you can scale it out, and sit on the income, or you can sell that business for a huge ROI.
If you are interested in investing in already profitable websites , then flippa . com is a good beginning point. You will get the evidence to check the profitability before you can take a call.
try to invest this money on blog or affiliate related...... which can turn $5000 into 10-20 thousand dollars.....
I say go to flippa and purchase a nice website already set up and that is already generating a monthly income..
The very best investment is often an education. Perhaps a few hundred dollars worth of books is the only investment that you need to make right now. Outside of that, and since you are here, you might consider buying a website that already has traffic, revenue, and earnings. Such a sight will hold its value, and AND if you can build it up just a little (by adding good content), maybe the traffic will go up and drive your equity higher. The nice thing is that you can get a monthly income right away, then sell the website in the future for more than it cost you today. A lot like brick and mortar real estate USED to be. Very sweet indeed.
i wouldnt send the whole 5k i would join a business opportunity like carbon copy pro. which is $299 and $149.00 per month with the first month free. With the system you get everything from websites, autoresponder' followups, training, business coaches and alot more for the price above. Then i would take $1,500 from the 5k and would be used for advertising. The advertising methods i would use are 1)article marketing (free) 2)video marketing (free) 3)solo ads (inexpensive) When you make a sales then i would take part of those profits and put it right back into advertising. CarbonCopy Pro/
surely do something that is already working, just focus on getting a piece of the action and do not try to reinvent the wheel, you will encounter lots of heart aches and pains. Watch out for the "wanna be" experts with false promises, they are everywhere. Even on flippa, if they are selling a completed site, get the real reason why they are selling it. Everything that glitters is not gold. Your education in this game beats any thing you can purchase, and remember you don't have to pay for your it from the gurus all the time, just spend a lot of time doing research until you are confident to go at it.
I would buy some books, then just play around and learn. Even if you buy a site thats already making money, if you do not know what you are doing you CAN run it into the ground... just sayin... Get cheap hosting and make a small website with some content on it (blog or write some articles or something) then do some affiliate marketing and see how that goes. If you can make some money on your own, then invest your 5k or part of it anyways into upgrading the site to convert better, or doing some ppc ads on google or whatever... and use the rest, along with the money you make, to buy another site or something...
I have had some great experiences with buying and selling domain names. I started out with $200 and have banked $20,000 in the last 3 months. Not hard to do and is a big money maker.
Buy 40 sites for $5000.00 that have PR4 PR5 PR6 and sell 50 backlinks on each of them for $15-20-40-60 a year and double your money in one year.
You could create a site in a niche you are interested in, join some affiliate programs, and try which site/landing page/offer converts well with PPC, then build other niche sites around those rinse/repeat
IMO the best answer is - Yourself. You will continue to provide yourself with returns for the rest of your life, and the more you put into yourself the more you can accomplish. Now you can take that on whatever level it applies best to you and your goals, dreams and path. Knowing what's going on, what you're doing, what works, and learning from experts and great sources, getting tools and subscription services/memberships that get you proactively involved and educated will probably do a lot more good than ad credits or visitors come and gone.
Keep in mind, this is my point of view if I had your $5,000. Do I owe bills or any debt? So I can breathe again, and take better decisions its already hard as it is for most to make a living. Heres my list: 1. Pay off any bills (5 months of rent) 2. Start learning more skills (free) finding a qualified person 3. Use the remaining money to build out your (cash making website or project) Avoid stocks at this time, unless you know its going to make money. Good luck!