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$8,000 Any Ideas?

Discussion in 'General Business' started by thewindmaster, Apr 3, 2007.

  1. #1
    Ok, I have been dabbling around with websites for about a year and a half. My efferts and earnings have left me with a couple of decent sites earning a few hundred dollars a month, a stable of domains, several informational type sites earning $xx/month, and about $8,000 in cash.

    I really do not want to continue to sit on the cash. I need to get it reinvested making a decent return. My problem is my "Real Job" and family obligations take up too much of my time. I cannot dedicate much to another project.
    SEMrush
    I have been browsing "Sites for Sale" on all the major forums and have not found anything that would work for me. I even post WTB site paying 20x revenue and did not find anything worthwhile

    I do not feel plowing cash into any of my exisiting sites would yield enough of a return to justify it. Does anyone have any ideas of how or where I can invest this money to get decent returns? What is a good type of site I could develop or have developed that would start generating relatively hands off revenue with one hour a week or less in maintenance. I can do basic design work, SEO, PPC, know html, can edit php code, etc. all the basics of this business.

    Good responses will get positive rep!
     
    thewindmaster, Apr 3, 2007 IP
    forumrating likes this.
    SEMrush
  2. forumrating

    forumrating Notable Member

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    #2
    a good stratergy and planning is more important then money. :)
    its easy to get money, but difficult to maintain growth and consistency in business.
    just get a good plan and proper marketing going.
     
    forumrating, Apr 3, 2007 IP
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  3. AvarianParakeet

    AvarianParakeet Peon

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    #3
    You could always look into bankrolling another webmaster for his project. If you don't have a good idea on how to spend it, you might just want to invest it. There is also always the option of spending it or putting it away for a rainy day, or at least until a really good offer comes along.
     
    AvarianParakeet, Apr 3, 2007 IP
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  4. zac439

    zac439 Notable Member

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    #4
    Try real estate investment, if you don't mind leaving the internet world. It is the safest type of investment. All you need to do is put up 10% of the total cost as a down payment, and all you have to worry about is a montly mortgage and annual property tax.

    Renting out the property can get you a lot of money.

    Rep welcome :)
     
    zac439, Apr 3, 2007 IP
  5. Brennan

    Brennan Notable Member

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    #5
    I can make you a proxy lol :p
     
    Brennan, Apr 3, 2007 IP
  6. Jabowen

    Jabowen Active Member

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    #6
    My dad done the same thing and hes spent all his life building his 20 houses and renting them out, all that comes from them goes on the mortgage. Now when he dies (in about 20 years probably) me and my three brothers will be sitting on well...

    Say now he does not buy any more houses so hes got 20
    He gets £500 about $1k every month off each house
    $20,000 PM, not bad...
    So what does he do for a living? Car salesman (that's no money at all over here, and soon because he invested 40k (GBP) he has secured his whole familys future).

    Leave the Internet world, if you want to make real money and secure your whole family's future (as well as your tree) then real estate is the way to go, like the guy said above. My old man has only been buying his houses for 10 years and he ain't going to be seeing the money but me and my bros will :D.
     
    Jabowen, Apr 3, 2007 IP
  7. exponent

    exponent Peon

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    #7
    Exactly. I would invest in rental properties.
     
    exponent, Apr 3, 2007 IP
  8. ablaye

    ablaye Well-Known Member

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    #8
    I agree about real estate investment. It's your safest bet.
     
    ablaye, Apr 3, 2007 IP
  9. TheMarketingMadman

    TheMarketingMadman Well-Known Member

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    #9
    Real Estate is probably the safest bet.....but I would consder hiring a Foreign exchange investor. With any investment there is a risk, but i know lots of people making a kililng on the foreign exchange.

    Just my 2 cents,

    JR
     
    TheMarketingMadman, Apr 3, 2007 IP
  10. rzvagelsky

    rzvagelsky Well-Known Member

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    #10
    What kind of house is he going to buy for 80,000 in the US? If he does find one, it'll either be a run down shack off of the freeway or located in an area with Tornados.
     
    rzvagelsky, Apr 4, 2007 IP
  11. Brennan

    Brennan Notable Member

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    #11
    He wishes 80,000, He has 8,000 to invest in real estate. Maybe try some shares in uranium.
     
    Brennan, Apr 4, 2007 IP
  12. rzvagelsky

    rzvagelsky Well-Known Member

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    #12
    Oh I know...someone mentioned that he would need to put down at least 10% down.
     
    rzvagelsky, Apr 4, 2007 IP
  13. thewindmaster

    thewindmaster The Man with the Plan

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    #13
    Ok, Ok. Thanks for the advice but I have done the real estate thing. Too much head ache dealing with renters, maintaining properties, etc. Not for me. In fact, have the money I make now is off all the people I know in real estate trying to get out and into this business.

    Plus like it was mentioned, $8000 is not going to go very far in real estate. My "real job" pays the bills with ease so I am not worried about "securing my families future." I am just looking to find a decent return on my investment.
     
    thewindmaster, Apr 4, 2007 IP
  14. Overseas

    Overseas Active Member

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    #14
    Enjoy it! have a great vacation, sex, drugs and rock n' roll! money comes and money goes ... don't loose sleep over it! just enjoy it and spend it!
     
    Overseas, Apr 4, 2007 IP
  15. newrhodes

    newrhodes Active Member

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    #15
    Here's my suggestion, it's a variant of what I do myself.

    $8k isn't enough to get you a real big earner - very successful sites go for a lot more. At the same time, it's too much for a middling or smaller site.

    Instead, split up your investment. There are plenty of sites that would go for less than $1K that have decent potential, which the seller hasn't been able to capitalize on. Maybe he doesn't have the time either, or the knowhow.

    You'll probably need to evaluate a fair bunch before you find one that has potential which YOU can develop. When you've found it, you still need to manage your time.

    Outsource many of the promotional / traffic building activities - there are many guys here and on other forums / freelance sites who do a decent job inexpensively. Ditto for content or design, if you need it.

    Focus your hour on strategy and execution - how to improve the returns (maybe clicksense instead of adsense, finetuning the affiliate offers, or adding a blog to a content site, or getting backlinks etc. etc. etc.)

    By outsourcing the mundane activities, you'll get a lot more done than if you're spending your time - and possibly, better expertise than you have yourself. You'll still need to track the return to expense and make sure you're getting your money's worth - but over time, this pays off fastest.
     
    newrhodes, Apr 4, 2007 IP
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  16. sukantab

    sukantab Well-Known Member

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    #16
    Options:
    1. Buy some more sites with decent traffic/revenue and develop them to get more out of them.
    2. Invest in Stock market
    3. Buy some LLL or NNN domains, their prices are rising and there is at least a 15 to 20% growth every year.
     
    sukantab, Apr 4, 2007 IP
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  17. MWilson

    MWilson Peon

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    #17
    MWilson, Apr 4, 2007 IP
  18. thewindmaster

    thewindmaster The Man with the Plan

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    #18
    Great advice, newrhodes. This is basically what I have been scouting for just have not found anything worthwhile.

    Sukantab, 1) is a good idea. 2) I have money in stocks, the 8K is for my high risk investing, stocks growth rate is too slow. 3) I really am looking for income generating investements, not looking to make from capital gains.
     
    thewindmaster, Apr 4, 2007 IP
  19. Jabowen

    Jabowen Active Member

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    #19
    Lol
    "Enjoy it! have a great vacation, sex, drugs and rock n' roll! money comes and money goes ... don't loose sleep over it! just enjoy it and spend it!"

    ^ :D
     
    Jabowen, Apr 4, 2007 IP
  20. peeg

    peeg Peon

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    #20
    Invest in a Web 2.0 company like Stumbleupon or PayPerPost or something that will probably sell for $1b+

    Facebook's the next one in the firing line isn't it? :-p
     
    peeg, Apr 4, 2007 IP