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How much money should you invest to start a career in IM

Discussion in 'BlackHat Lounge' started by Xaviers, Dec 13, 2011.

  1. Xaviers

    Xaviers Regular Member

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    I see a lot of questions about if you had $100 what would do or if you had $200 what would you do etc.. So I'm asking in your opinion what would be the perfect amount of money to invest in starting a career in IM. The amount you would need to be comfortable starting up and making moves with the knowledge base you have right now.
     
  2. Moto801

    Moto801 Senior Member

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    $1,734.82
     
  3. marusia

    marusia Senior Member

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    $1.07

    Get a $.01 first month hostgator account for hosting, a $1.00 coupon for godaddy domain. Figure out ways to monetize and then scale from there.

    Investing money isn't always necessary. If you don't know what you're doing, you'll be losing money anyways. So, learn a method where you can make a little and then invest to scale.
     
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  4. AGSniper

    AGSniper Regular Member

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    you could do it with 0 depending on your method. If you're thinking of just SEO ways, you have to pay for domain + hosting + possibly a tool to help you with SEO/outsource it.

    Find a method you want to try, and stick with it.
     
  5. 75INZ

    75INZ Regular Member

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    A solid 10 hours a day is all you need to invest, at least in the beginning.
     
  6. MsMoneyMagnet

    MsMoneyMagnet Registered Member

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    It all depends on what you want to do. Do you want to sell info products (your own or someone else's)? Provide services? Do CPA? Amazon affiliate? Whatever it may be, a good rule of thumb is to invest an amount of money you don't mind losing in case if what you try to do doesn't work out. If you make profits, don't spend it on anything except to put it back into the business and scale it up.
     
  7. thedon23

    thedon23 Elite Member

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    I know there are lots of different opinions on this, but if you can get some money, it'll make things a lot easier. That said, don't invest recklessly; do it wisely.

    Technically, you could start off with like $8 ($0.01 hosting for first month, $7.99 domain). You could do all the link building and stuff yourself. Only do that if you have a very limited amount of money.

    If you have a couple hundred dollars to spare, try to scale things up quicker. Outsource (once you've read and learned the ins and outs). There's nothing wrong with spending money to make more money. I'll tell you, a lot of people are scared to invest. I was the same before. Don't be.
     
  8. oxonbeef

    oxonbeef BANNED BANNED

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    Make sure you're in debt when you start.
    The hungry are better hunters.
     
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  9. marusia

    marusia Senior Member

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    Ain't that the effin' truth. I've only been in IM a month and I'm already making about 100+ a day because I have no other option but to succeed. Not being on the grind ISN'T an option since I quit my job to focus.
     
  10. PinkyX

    PinkyX Power Member

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    what happened to the $0,05??? math fail
     
  11. mudbutt

    mudbutt Jr. Executive VIP Jr. VIP Premium Member

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    I've seen people start with nothing but free hosting and grind their way to the money, but i've also seen people blow through thousands of dollars and end up with nothing but debt. Whatever number you decide on, make sure you spend it wisely.
     
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  12. Fuggz

    Fuggz Jr. VIP Jr. VIP Premium Member

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    When I seriously started IM I did it with $20, and my coding knowledge. I was making over $3k within the first month.

    I have had ideas before where I spent thousands of $$$ and barely broke even or lost a few hundred (and my time). I personally could not give any better info than Oxon, if you need to make $$$ you have a much better chance at success, there is no magic number.
     
  13. super11

    super11 Senior Member

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    What is the amount you will need to feel comfortable to kickstart your Im journey? Based on that acquire a website that earns that much amount. Most websites are sold for 6 to 18 months revenue.
     
  14. gloom

    gloom Regular Member

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    no money.... learn aboout SEO, go out to internet cafe for 1 year :D
     
  15. W9go

    W9go Jr. VIP Jr. VIP Premium Member

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    if you dont like to buy websites ist very very little if you start with amazon or adsense pages. as said domain hosting and initial seo.

    but the question is which approach you make. the guys here which make 3000$ in the first month starting (which i really dont understand how this is possible ??? ) did not start this was ... because the chance that your first self done websites earn so much in so little time normally impossible.
     
  16. ishanguptaa

    ishanguptaa Regular Member

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    If You Know SEO, All you really need is a couple of Dollars for Domain and Hosting. That is it.
    It takes not more than 2 weeks to rank on page 1 for any keyword (except insurance :D).

    You will start making money either being affiliate or adsense.. but all in all.. The real value is "Information" and not "$$$"

    So my question would be how much "value=information" do you really have.. SPEND IT ALL :)
     
  17. howard_hughes

    howard_hughes Elite Member

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    $50 should be enough for a start:)
     
  18. sealion

    sealion Newbie

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    2.17 $ for an info domain name and a free hosting.
     
  19. royal

    royal Newbie

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    Thanks for this info

    I was looking for the answer on this question aswell ;)
     
  20. rulez05

    rulez05 Power Member

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    50$ is good to start with