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If you were earning...

Discussion in 'BlackHat Lounge' started by heiny, May 13, 2009.

  1. heiny

    heiny Regular Member

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    [HYPOTHETICALLY]...Say USD$30,000 a month for the past 3 months from IM and you didn't know when you would stop earning this money...

    What would you do with this sort of money right now and what would you do when the niche stopped working??

    Always wanted to know so this is just out of curiosity :D
     
  2. Rein1418

    Rein1418 BANNED BANNED

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    Create product(s) of my own and advertise ;)
     
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  3. Ca$HHazard

    Ca$HHazard BANNED BANNED

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    Buy hoes, get pissed and buy a new car. WHAT ELSE COULD YOU DO? Invest in something saturated and stupid? no sir, id rather enjoy the money while it lasts.
     
  4. justagame

    justagame Newbie

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    Occupation:
    Oh, you know, a little bit of this and a little bi
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    Germany, but 100% Australian
    I'd save as much as possible and start thinking about some offline ventures to get me out of the house.
     
  5. crashed

    crashed Jr. VIP Jr. VIP Premium Member

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    I'd hire 10 people to repeat it 10x :D Hence turning that 30k into 300k a month :D
     
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  6. blackhatcatz

    blackhatcatz Power Member

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    Occupation:
    internet marketer, call center owner
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    Somewhere Asia, Moving around all the time
    invest in ppc, and kill. oh wait, that's waht i'm doing now with some of my bh cash :D
     
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  7. Ca$HHazard

    Ca$HHazard BANNED BANNED

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    Yeah with a more serious reply id say invest in whatever your doing to bring more conversions.
     
  8. 4alllifestyles

    4alllifestyles Junior Member

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    I'd think a tad more long term....

    1) SAVE 1/2 the cash - Don't Touch it
    2) Take 1/4 the cash and pay off all debt
    3) Take the remaining 1/8 and expand in the niche to make the most of the good times.
    4) Take 1/8 and use for R&D to begin finding the niche that will replace this one when it goes south.

    My ratios may be off for you (the cash volume makes a huge difference in the ratios). But saving some, reducing any debt, and expanding your IM business will put you in a position that few people are in and still help you grow your business for the long term.
     
  9. secretboy08

    secretboy08 Jr. VIP Jr. VIP

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    Invest blackhat cash in ppc.(thats what i do)
    Start your own cpa offer.(thats what i will do)
     
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  10. darkmobius

    darkmobius Regular Member

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    so that's 90k that i can spend...i would get the Audi S5....sorry you guys might laugh at me for not reinvesting but I just need to get that off my head lol

    After that I will reinvest....
     
  11. Slasher

    Slasher Junior Member

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    Audi's are nice too darkmobius. ;)

    But you could get a better car for 90k.
     
  12. jijojoy

    jijojoy Newbie

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    Hire me. I'm ready to do that. Coz I need some money.
     
  13. meaculpa

    meaculpa Jr. VIP Jr. VIP Premium Member

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    Invest... Just keep investing in good stuff. If you have the right products/people to invest in you will make EVEN MORE money ;)
     
  14. farfetchedmoney

    farfetchedmoney Regular Member

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    Occupation:
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    I would hop on direct response marketing faster than you could blink...ppc, adwords, offline advertising....also if need be i'd do offline low tech businesses and let other people run them...maybe even rent a store in a high traffic mall or high traffic areas. What ever is clever man long as it is easy concepts and money in it.
     
  15. stick777

    stick777 Registered Member

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    I would reserve a 1/3 for the taxes (this will slaughter you if ya don't)
    Reinvest some and take one heck of a holiday!!:p
     
  16. wowhaxor

    wowhaxor Executive VIP Premium Member

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    Well I'd say that I'd save a chunk and reinvest the rest into outsourcing and scaling up my earning method.

    In reality I'd spend it all on worthless crap like booze drugs food and gas and most likely be broke at the end of every month. I know this because this is how it works out for me :eek:
     
  17. mak111

    mak111 Jr. VIP Jr. VIP Premium Member

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    before you do anything else, AUTOMATE YOUR BUSINESS. take a week to a month. and completely automate it. then you can put your mind to bigger and better things.

    as for how to spend cash, i got this ratio from a multimillionaire minister of finance for a whole god damn country.
    forget about your taxes for the time being (its only Q2)
    save 20% <-- in case shit/unforseen emergencies and crisis' (tax money if you dont have enough $$$ by Q4)
    use 30% to expand your business, your personal business/ JV with other people!
    spend 20-40% to live your life!! pay debts first... then enjoy life.. clear your mind, you're making the money... enjoy it!
    with the remaining %, donate to charity, give to loved ones, become a better person. this part will make you feel good inside and is priceless.

    if all goes well for the next 5 months. set aside you're tax money by end of sept or october/november. (the earlier you get this done the better)
    because in december you give yourself a big bonus. spend the entire months earnings on yourself and congratulate yourself on a successful year :)

    never allow yourself to think you would lose you 30k, always have a back up plan. be prepared for everything

    i expanded way too much.
     
  18. westee

    westee Registered Member

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    honestly....id live on what i had before i was making that money... maybe a lil fresher.....

    knowing it will end, is a good plus sign to bank it and save it....then when you wake up making 20$ a day, you have a good cushion to get you going again.... from exp. lol

    or you could spend it randomly on bs trying to find something else that works....my niches norm die out in 3 years...prolly just my marketing....im lazy ... so yea.. get tired of seeing money from the same shit after awhile...makes me feel unproductive.
     
  19. showbizvet

    showbizvet Power Member

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    Bank it... Diversify... Have a little fun of course... But the only thing certain is that nothing lasts forever, so don't spend it like it will continue... If it does great, but should it end, be prepared with something new.

    Good friend said.. he'd rather have 10 different things paying him $100 a week, then one thing paying him $1000... Very true... scale it up then spread it out.