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I Got $500 Budget, Give Me Some Tips to Get Stable Income

Discussion in 'Making Money' started by Lasaint, Nov 19, 2013.

  1. Lasaint

    Lasaint Junior Member

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    In the past few years I've tried some methods to make money
    well I made some but not a stable income.

    I have a full time job and I cannot quit my job right now, therefore I can't give 100% of my time on IM.
    So I'm looking to invest some of my money to get a stable side income.
    A few stable income will be enough.

    I'm planning to make an authority site by outsourcing all the process with a budget of $500
    Will this work? Can authority site make a stable income? Is $500 enough until I earn from the site? Is there any better method?

    I'm sorry for my English (not a native speaker)
    Thank you for your answer
     
  2. Veyron

    Veyron BANNED BANNED

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    With $500, I think you'd be better off building some affiliate sites for ClickBank products. Invest the $500 into building 2-3 sites for 2-3 products, outsource the sales page designs and sales copy and invest your remainder into SEO to get your pages ranked for your targeted keywords. Targeted traffic combined with targeted products will result in sales and I think this will be the easiest and quickest way for you to start seeing income from your investment. Good luck and I wish you much success!

    By the way, search the forum and do a lot of reading and studying. It'll help you in the long run! :)

    Veyron
     
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  3. dome.d0nkss

    dome.d0nkss BANNED BANNED

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    I suggest you to start easy...first, find a free or cheap method to earn some cash and after that you can invest. You don't want to waste your money on something that you don't understand and only hope will work...
     
  4. shaneparkins

    shaneparkins Junior Member

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    If you work full time and are looking for your cash to do the work as opposed to you then perhaps becoming a drug dealer.
     
  5. Okidoky

    Okidoky Registered Member

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    you could also start a authority site.. boring but seams to work.. there is a guy here that sells authority sites made for you for 150-500$
     
  6. ddederick

    ddederick Jr. VIP Jr. VIP Premium Member

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    From my very own experience don't throw the money to every experiment that comes to your mind. Pick one method, invest in it (a little), see if it works and continue OR choose other method.

    I also agree with Veyron. You may try ranking parasite pages (Web 2.0s, etc) as they usually rank faster than fresh sites.
     
  7. Beven

    Beven Elite Member

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    I agree with Veyron,

    Sounds like you need to build some passive income if you're working full-time and this is the best way.
     
  8. outrage666

    outrage666 Junior Member

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    get some hosting. think about some good PPD (check cpagrip, *******, sharecash, AWM.....) niches. setup wordpress on your hosting.
    set up a good whitehat or fakesite. think with your brain and check on networks what is going and what is not going...

    then find some methods to get traffic to yout webpage...
    get some bots or/and seo services

    - stay focused on one thing. do not read tooo much different methods

    make money
     
  9. BHopkins

    BHopkins Moderator Staff Member Moderator Jr. VIP

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    $500 for anything other than domains/hosting will be a waste of money. You can't afford to outsource things you should be doing yourself like writing. An authority site will take you a LONG time to recoup your investment let alone become profitable. You have $500, you're not really equipped to compete in a large industry.

    When all you have is a hammer, every problem looks like a nail.
     
  10. moneyisthename

    moneyisthename Registered Member

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    Agreed with BHopkins. Your budget is very limited and you should focus on learning how to do the things your self then spend the money where you really need it or on the things you still cant do after trying.

     
  11. madhatgig

    madhatgig BANNED BANNED

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    working with social media on autopilot is easy and wont need much time. If you're interested to with Fancebook fans knock me. I have a panel for unlimited REAL facebook fans. monthly based subscription. knock me if you're interested :)
     
  12. zebrahat

    zebrahat Elite Member

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    Set up a couple of domains, and a few free hosting account to test out your ability to create some affilliate sites based on good keywords (these will be your training sites to learn how to do site promotion, you can move up to paid hosting later). The only paid software you should get is the all in one tool, Scrapebox, and take the time to learn how to do at least half a dozen things with it.

    Otherwise, concentrate on learning/doing the core skills yourself---niche selection, keyword research, writing SEO friendly articles, diverse backlinking, social media promotion, and miscellaneous grey or blackhat methods. Use the first 3 or so sites to practice-by-doing all these basics manually. After doing so, you'll have enough experience to begin to competently outsource the component tasks on your next set of sites.
     
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  13. antichrist

    antichrist Jr. VIP Jr. VIP

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    I am going to have to agree and disagree with this. My first IM project I invested around 3k and ended up turning out a 1200% ROI. However, I have also had smaller sites that target much smaller niches that I banked at least 10k off of a 500 dollar investment. It is really all about keyword research and going after low hanging fruit if you do not have very much money to invest.

     
  14. SavyCon

    SavyCon Regular Member

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    There is already some great advice in your thread. To add to others, and to answer your questions:

    All the processes?

    Yes, it can work. Once you have a system in place and knowledge (more on that later), that $500 could be spent on 1) Hosting. (say $100/year) 2) Domain. ($10/year). 3) Articles ($250 - 50x500 words @ $0.01/word) 4) Maybe logo/web design advice if you can't do it yourself ($50-100?). 5) Maybe Google PPC/Facebook Campaign/etc. ($40?) 6) Media buying/backlink building. (exchange/ pull money out of web design/ads).

    Yes, they do. You can make over $1000 a month on 160K UV and 400k pageviews/ month.

    Depends on your knowledge, skillset, and how well you can outsource. Also, what you can do yourself and how good you are finding a niche.

    Probably?

    -------------------------------------

    The general sentiment is - You need to learn. To use a baseball analogy - it is really hard to hit a ball out of the park when this is the first time picking up a bat. Baseball players practice for years before being able to compete in home run derbys. Sometimes, however, they get lucky and knock one out of the field. Likewise, you CAN be a success by spending $500 on an authority site for stable income, just like you could double your money by putting it all on black on a roulette table. On the flip side, you are also just as likely (if not more-so) to lose it all. Instead, if I was in your position

    learn about: SEO, content creation, finding a niche, gauging competition, building an authority site, monetization techniques, and building a consistent audience.
     
  15. ButcherBoy

    ButcherBoy Regular Member

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    The hardest part is to find good niche/product....creating site and fill it with auto content is easy...you can use cheap but good seo services from here (starting $3-10!)...so my advice is - find good niche, product.
    For me personally that is the most difficult part.