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Got $10,000 what should i do?

Discussion in 'Making Money' started by nishnish, Jul 26, 2010.

  1. nishnish

    nishnish Newbie

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    Hi,

    I have $10,000 which i want to put on IM, been researching and reading this forum for a while now, not sure where to get started?

    Suggestions please!
     
  2. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    What are you good at? Can you afford to lose that $10k?
     
  3. nishnish

    nishnish Newbie

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    i have good LAMP expertise (Linux, mysql and PHP) with over 8 years. 10K is the budget for a new project, ofcourse risk appetite is 100%
     
  4. BassTrackerBoats

    BassTrackerBoats Moderator Staff Member Moderator Jr. VIP

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    Those 2 questions are probably the most important ones to ask.

    The third is:

    What do you like to do?

    Going into business doing something that you do not like to do is a large prat of why businesses fail and internet marketing is a business, just like any other business.
     
  5. Falrish

    Falrish Regular Member

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    If you are trying to get into the business of web serving LAMP is not the way to do this. Perhaps a chat about Linux alternatives would be a good start.
     
  6. Hunwarrior

    Hunwarrior Jr. VIP Jr. VIP Premium Member

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    if you dont know how to invest 10k in IM the only suggestion i can give you: DONT !
     
  7. Crixus

    Crixus Regular Member

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    I would suggest not spending a dime until you can answer the question yourself.

    Throwing money at an idea or plan, especially someone else's, has tremendous potential for pain.

    Start slow and small, keep your cash as reserve until you need it.
     
  8. nishnish

    nishnish Newbie

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    thats exactly what am researching, what would you do if you have $10k for a new project, Ofcourse am not here to do something on linux, the strength what i have is for example i can launch a bunch of blogs and put a process in auto pilot, host it amazon and do several things!

    but struck on where to start?
     
  9. mohit

    mohit Newbie

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    bro internet is not so easy to earn i would suggest invest 5to 10% of it and save 90% of it . hope you understand it.
     
  10. lincolnave

    lincolnave Jr. VIP Jr. VIP Premium Member

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    This may not be the best place to be asking that question.

    Reason being, that not many people here took that type of route. It is best to find a forum that has people who have been down that road.
     
  11. Crixus

    Crixus Regular Member

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    You have to start with the basics and at the beginning. Already there? Great. But it sounds like you're new.

    You need to find success with small projects before throwing the financing at large ones.

    Do you own a domain? Have a vps or shared hosting account?

    Backing up a bit, do you have high speed internet with solid pc, good router, etc?

    Can you program, design, run wordpress or simply code html?
     
  12. nishnish

    nishnish Newbie

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    Thanks Crixus,

    here is what all i can do

    I can code larger applications which have handled traffic in excess of 1m visitors/day i also have cloud, dedicated servers, domains and well versed in cpanel, plesk etc

    I have been reading a whole bunch of things like automating wordpress, looking at s.c.ripts like wp..robot etc, am con.fident i can code them all with little research and can put everything in auto.pilot


    am looking for some help from members here in knowing some good projects to start


    what do you suggest for me?
     
  13. Falrish

    Falrish Regular Member

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    Find a niche that you are comfortable with and blast away!
     
  14. Crixus

    Crixus Regular Member

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    >what do you suggest for me?

    Well, it sounds like you've got some ideas from your reading. Time to put action to your ideas. Set up a blog or 3, using the tools you're interested in.

    Work them, get/write SEO'd content, get/build backlinks, and when the traffic comes monetize it. If part of the process doesn't work (for example no traffic or no money) figure out what is wrong and fix it.

    Once you get a system or method that works, then multiply it. Your abilities in load balancing and managing various resources aren't going to help you until you need them.
     
  15. nishnish

    nishnish Newbie

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    Thanks!

    thats one of the things am thinking of, in the otherside am finding it tough to research a niche, finding it real tough! any help here would be appreciated!

    what do you think about starting some projected and promoting instead of building 100s of websites!
     
  16. ExtraWinner

    ExtraWinner BANNED BANNED

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    Create a nice portal with porn, games, downloads, and make money out of ads!

    Portal = $1000 max
    Ads = $1000 max
    SEO = $5000 for 6 months
    Affiliate network = $1000 (scripts etc...)
     
  17. Crixus

    Crixus Regular Member

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    Well you've got to start somewhere. If you wait to find the perfect idea and perfect implementation you'll waste a lot of time and it may not work. Your first site probably won't make much money, but that's the beginning of your experience and hands-on education.

    You can end up pouring most of your time into 1 website and be successful if you want, though I wouldn't recommend it. You need to diversify, to at least a couple sites, and a couple different revenue streams, with hopefully different traffic sources. This way if something goes belly up, you're still ok.

    But you still have to find out what is going to work for you. You might get lucky on your first site - you wouldn't be the first person to do that, but it's pretty unlikely.

    For example, say you build 10 sites on 10 different niches. Using different ideas and methods here and there to see what works for you. After 6 months, one of those ideas and/or niches is going to probably be considerably more successful than the others. You can focus there if you want or just keep it rolling and try 10 more.

    In the process, you learn what works, what doesn't and how you like to run things. You apply this to all of your current and new sites. Then you continue to try new things and ideas and put your own twist on them.

    You just need to get started.
     
  18. nishnish

    nishnish Newbie

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    Crixus,

    I completely agree with you, its true to get started

    I just read that putting in a bunch of sites in different niche, mostly auto blogs and then promoting them with affiliate offers and adsense traffic, is this a good approach to start with?

    where can i find more help on this?

    truly appreciate your help
     
  19. Crixus

    Crixus Regular Member

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    First things first. Set one site up. Put unique content on it. (Write it or buy it.) Learn the plugins, find a good theme, modify it, etc. etc. You need to understand the basics first, such as a good permalink structure and on from there.

    Then build one as an autoblog and learn those tools, which are different.

    When you pick your niche/topic, you should have a monetization method in mind. But, it's not necessary to spend a lot of time finding the perfect one. If you don't have traffic you won't need ads.
     
  20. spollacs

    spollacs Junior Member

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    My suggestion is, Try methods that requires minimum money or nothing at all. Then you will see which is worth it to invest your $10k. If i have $10k ill do the same.