Go for this Buy a site that's making money. But in the same time,do hire some people to update the site.
Who would be so stupid to do that? This is an internet marketing website. You can a lot more money and a lot faster with a website and adsense/clickbank/cpa.
I'd just do some serious research and try to locate the elusive high-paying niches, do more research, buy good domains, then spend some money on getting them up and running and on some incoming links. Then as a minimum you'll have some sites you could sell if things don't go as well as planned. But, of course, you'll need to work on them if you want to start making good money
You should do whatever you want. You don't have to spend your money. I'd just save it since your asking us for suggestions and you seem not to know what to do with it yourself.
I believe sites that are making money would be both good and practical investment...Else, pull out a niche you are passionate about, create a site and develop a product! But that'd probably cost you more than $5000 if your target market is North America.
I'd want to build an actual service. You don't really need $3,000 for most of the things you listed. Plus, hiring a marketer seems a bit self defeating, as it's always better to know how to market yourself. If we're talking about making the most money, however (or at least, the most certain money), I'd learn as much as I could about affiliate marketing and build a small armada of targeted sites. Spend your money on the sites and your time driving traffic.
What you have asked is a classic question about capital budgeting. Compare any investment decision to buying a certificate of deposit, for example according to bankrate.com you can get a 1-year CD @ 1.7% from Discover Bank. That means at the end of 12 months you get the $3,000 back plus about $51 interest. Your job is to figure out how much risk you are willing to take, and figure out if you can do better than $3,051 in a year. Let me put it another way. You would need to make more than $254.25 per month with your other "profit" ideas to beat the safe return and lower risk provided by a 1-year certificate of deposit.
Start a blog domain: $10 hosting: $50 design: $300~500 (best awesome design to be like and visted by ppl) posting on inspirational site: $50 (galleries) 1 post ever 2~3 days and all dugg/stumbles/tweeted ($40 per post) get in guest posts on 50~80 blogs ($20x 80=$160) backlinking: $200 special on-site and off-site seo: $500/mnth and loads more
If i would have got that big money... 1. I would have bought a good domain related to some niche area but not too competitive. 2. Hire a writer to write 1 post a day for 1-3$ per post... continue above two for one year with adsense and some affiliate ads.... I am sure that within few months only I would have recoved my investment and start fresh earnings. Repeat the process again then
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