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+--- Thread: Suppose you had $5,000 to invest in a online business. How would you spend it? (/showthread.php?tid=5377124)
Suppose you had $5,000 to invest in a online business. How would you spend it? - MiLkBoNe - Aug 16, 2016
Let's say you received $5,000 that you can only spend to start an online business. How would you utilize all that money?
I think it'd be interesting to see how everyone would utilize their money differently.
Try to be as specific as possible.
This is just an example -
- - Build a website for a certain niche ($875)
- Pay for Hosting, certificates, payment processor ($150)
- Buy the products in bulk to sell for profit ($2,000)
- Get traffic with paid advertising ($3,000)
Spoiler (Click to View)
* - TheWhiteHatter - Aug 16, 2016
I would also like to see some replies on this, posting to read later.
* - HairyHarry - Aug 16, 2016
Good question.
There's a lot of options.
Since I am danish, and have a good knowledge of the danish market, I would most likely just see what's popular in the US, and just be the first to import it to Denmark. Plenty of people have made millions that way, and I don't see why I shouldn't be able to.
If I wanted to do something online without customer relations, it should be something that followed my passion for videogames. Possibly something with clickbait, due to the amount of money in it. May not be "clean cash", but it should be farely profitable.
Else there's always the good old solo ads, which will be profitable forever most likely.
* - Danny Khalifa - Aug 16, 2016
Posting to come here later and see ideas.
* - Jo3Shmo - Aug 16, 2016
Well if you want to start a business maybe build a site and hire people to help you build it. Then charge for it.
* - Martha Maarcy May Marlene - Aug 16, 2016
Slowly buildup a nice collection of niche websites and monetize through ads, drop shipping and affiliate marketing.
* - TheAccounter - Aug 16, 2016
Also posting to come back later.
* - Arrogance - Aug 16, 2016
So you basically want me to explain you step-by-step how to make money out of those $5000.
* - hamzasohail - Aug 16, 2016
1) Invest in an eCommerce coach to shortcut my progress, and learn new techniques with applications
2) Create my eCommerce business
3) Nurture said business until it can support itself
Rinse and repeat.
* - MiLkBoNe - Aug 16, 2016
(Aug 16, 2016 06:47 PM)Arrogance Wrote: So you basically want me to explain you step-by-step how to make money out of those $5000.
No I'm not asking for an explanation. I just thought it would be interesting to see how everyone would use their money differently. Some may use their money for strictly marketing/advertising while others may choose a creative route like buying art supplies to create art to sell online etc. 🤝
* - AraB_H4CKiNG - Aug 16, 2016
I would spend it in SEO.
First find some good low-competition amazon keywords.
Buy a domain (better an expired one which is clean)
Buy content for root page like 1500 words
buy another content (like 10 product reviews with 500 words each)
See where it will rank, then buy good SEO (hq web 2.0 posts, PBN links and so on)
Bank!
* - MiLkBoNe - Aug 16, 2016
(Aug 16, 2016 10:37 PM)AraB_H4CKiNG Wrote: I would spend it in SEO.
First find some good low-competition amazon keywords.
Buy a domain (better an expired one which is clean)
Buy content for root page like 1500 words
buy another content (like 10 product reviews with 500 words each)
See where it will rank, then buy good SEO (hq web 2.0 posts, PBN links and so on)
Bank!
Pretty solid idea. I've heard that ranking Amazon sites make some big bucks!
* - IForex - Aug 16, 2016
1/5 binary options
1/5 on Hype
1/5 revshare
1/5 on ADZcoin
1/5 fixed deposit in bank
* - problems.x - Aug 16, 2016
1. $3,000 In a well earning shopify/dropshipping store (would have some good funds to keep a flow coming in).
2. $600 Into an altcoin (ethereum, or maybe do some research on where to invest).
3. $400 Into startup site(s) (gambling site setups, domain(s), hosting, logo etc)
4. $600-800 Into advertising for startup site.
5. $200 spare, possibly for backup advertising for the shopify/dropshipping store.
* - markoboy22 - Aug 17, 2016
I really don't know. I would probably end up doing something blackhat / illegal.