This is the best way to utlize the money, and later we can enjoy with 10 position at google. Thanks mate.
first things first get a ING savings account that pays 5% interest. Now buy a site from this forum that has been indexed in google and other SE's already that is either low on traffic or monetization. Fix up the site, earn some income for 5-6 months and then sell the site. You should have no problem getting a 300% return.
It depends on how fast you want to grow and how much. If you want to take it slow, build sites from scratch. Work on bumping PR and traffic... you can earn on Ads and Links once the PR goes up. $1k should give you an opportunity to start a few good websites (with design) with some limited content. You will quickly see what websites have potential to go really far, really fast... work on them the most and make money. Build links and PR on all of them. Once the websites you have deemed "2nd class" have some PR, sell links on them (monthly if you can)... keep this up for 3 or 4 months and sell the websites here on the forum. Keep your best sites (if you feel they're worth it) and sell the rest. There are lots of people here and guaranteed that someone here will be able to turn your crappy sites into big money makers... so that means they will sell. Look at it this way: $1k => 5 websites after a couple of months: 1 website => $100/month 4 websites => $30/month You'll make a few hundred dollars in the couple of months that you keep all the websites and by selling the weak ones you'll still make back more than your initial $1k... so you can potentially double your money and be left with a solid website. Just a thought.
I'd invest it into websites, whether it be buying already established websites or paying content writers to write for you. Nothing like continued passive income I say.
I am also planning for the same, as we are already in the business and offering our Virtual Assistance service to a large # of clients, now we are thinkin to start WEB SITE sell/buy business for our own firm.
Count on doing a lot of work yourself, and... ...aim for (non-spam) free ads. Honestly, $1000 is really not much money... ...outside of DP
Very well said, I appriciate that, i think you have the real life experience. Sure we arent going to deal anything we are not exp with. Thanks for the suggestion, Rep added.