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Good ideas to use $200

Discussion in 'Making Money' started by TwoOneThree, Feb 25, 2017.

  1. TwoOneThree

    TwoOneThree Regular Member

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    Hello BHW,

    I've earned a couple hundred dollars on Fiverr now, and I'd like to take out about $200 from that money and invest it (I don't mean ETFs, CFDs, Forex etc.). I'm thinking of creating a blog with the money, spending a large part on SEO to rank the blog and monetize it through Adsense. Another idea is to create a spreadshirt shop, buy a domain and some designs of Fiverr for it and use the money which I'm left with (about $180) for FB ads.

    Any other suggestions? Literally all suggestions are welcome, as long as they're helpful!
     
  2. MatthewGraham

    MatthewGraham Jr. VIP Jr. VIP

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    You said that you work on Fiverr. If you are on a site like that they:
    • Make your clients pay fees, which cuts into your profit
    • They have a lot of control over how you can work
    • It is harder to get client loyalty
    • It also makes it harder to set your own prices
    • It makes it hard to grow your business
    • And there are other drawbacks to using that kind of site
    Because of that, a good way to invest your money is to make a website where you promote your own services and sell directly to clients. Get a basic website live where you can get client leads and sales directly to you on your own terms.
     
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  3. TwoOneThree

    TwoOneThree Regular Member

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    Yes, absolutely true. I've become tired of Fiverr now, that's why I'm trying to find something else now.
     
  4. MMJason

    MMJason Junior Member

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    What Matthew said is spot on.

    Aside from that, I'd invest into SEO toolz or some other form of automation so you can generate a bit of cash on the side
     
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