Good ideas to use $200

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!

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.

MatthewGraham said:

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.

Click to expand...

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

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