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What would you do with $3000?

Discussion in 'Making Money' started by ruicosta, Jan 29, 2014.

  1. ruicosta

    ruicosta Regular Member

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    Hi guys!

    Lets start with a disclaimer - I am NOT looking for spoonfeeding or to be told to read the forums. :)

    I have a small bankroll to invest in the IM. Currently I am developing 2 adsense sites (not micro niche) which should start earning money in the next few months, when I finish my SEO campaigns. I think that I'll spend around $800 on those two sites for content and SEO, so I am left with around $3000.

    What would you do with that money? Everywhere I am reading one of the most important advices - diversify your money generating sources. And thats what I am trying to do.
    I am looking for advices where to devote my time, effort and money and build up 2nd source of income.

    Few ideas popped into my head: CPA, PPD, those two combined with paid traffic, amazon sites. I'd like it to be something that could generate returns soon, as an opposite to extensive and slow SEO campaigns which should provide me passive income in the months/years to come.

    Buying established sites is also an option, although flippa seems full of BS.

    Which one would you do(should I do) and why?

    Thanks in advance :)
     
  2. Automation247

    Automation247 Regular Member

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    Ecommerce + digital products (reselling)

    Big profits and not much manual work.
     
  3. 1337python

    1337python Regular Member

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    Dropshipping and reselling, to name a few.
     
  4. eternalwarrior

    eternalwarrior Junior Member

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    Adsense sites won't give you much return. Ecommerce would be better.
     
  5. xlcrash

    xlcrash Senior Member

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    Big authority site in some profitable niche and Amazon + adsense... With $3000 you can build an empire :)

    It will be a long and steady income :)
     
  6. PrinceVisi

    PrinceVisi Elite Member

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    Not to mention the hours you need to spend on building and maintaining it.
     
  7. ruicosta

    ruicosta Regular Member

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    Thanks, I am building adsense site more like an asset, it will bring me the bacon for a while and can be sold for a lucrative multiplier.

    Thanks, will look into that.

    Exactly, and that is kind of what I am already doing. Maybe on a bit smaller scale.
     
  8. BlingFiles

    BlingFiles Regular Member

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    I would invest on what's already working for me.
     
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  9. ProSEO Show

    ProSEO Show Regular Member

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    I'd put a down payment on a car most likely.

    But no, you're on the right track having the mindset to diversify your income sources. There's nothing worse than putting all resources and effort into one project and having it tank, only to lose everything invested and be left with nothing. When you diversify your properties and income sources you have something to fall back on, and more directions to expand in. Best of luck, and "don't spend it all in one place" lmao.
     
    Last edited: Jan 29, 2014
  10. RakeItIn

    RakeItIn Regular Member

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    Invest in apps, you can hire or build it yourself. One of the few things I have had success with
     
  11. knightboy77

    knightboy77 Newbie

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    I'd buy a whooooole lotta' erb.
     
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  12. phirex

    phirex Power Member

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    Go on a snowboarding holiday, of course.
     
  13. davids355

    davids355 Jr. VIP Jr. VIP Premium Member

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    A farm of servers all running GSA :)
     
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  14. Bestcreaters

    Bestcreaters Power Member

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    STAY AWAY FROM FLIPPA THOUG Unless You WANT TO BE DISAPPOINTED
     
  15. Swordude

    Swordude Regular Member

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    Personally, I would figure out the area of IM that I think I'd enjoy the most, which would probably be a popular YouTube channel. I can already made high quality videos, so I'd find good video SEO services and maybe some paid views/likes if the source is reputable. I think that $3,000 would be more than enough to jumpstart a channel with good content, and then just continuing to post good niche related videos would keep natural traffic coming in since the channel is established.
     
  16. TheFreshPrince

    TheFreshPrince Jr. VIP Jr. VIP Premium Member

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    Im surprised at how little creativity I have seen in this thread. Yeah everything you said is pretty obvious, I understand; and for sure I'd want to buy a whole lotta 'erb as mentioned earlier, but you need to think about whats happening at this very moment. What right now has a huge window for profits. I want you to think about that... i have the answer in my head, but obviously I'm not going to announce it to everyone.

    You get three hints:
    1) Involves buying and selling
    2) You could easily make $3000 into $10000 in a month if you have half a brain.
    3) New opportunities to do this everyday. But know one knows how long the ride will last, eventually people will get bored with this new concept.
     
  17. xTiger

    xTiger Junior Member

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    Unless you have a definite plan of action buy Litecoins :) or create a plan. don't be throwing around money here and there trying useless stuff.
     
  18. AlreadyBanned

    AlreadyBanned BANNED BANNED

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    I guess i would buy Google with $3000 :cool:
     
  19. oxonbeef

    oxonbeef BANNED BANNED

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    Hang on to it until a viable opportunity come along.
    And they will especially if you invest in JrVip and get in on some of the networking opportunities.
     
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  20. ProSEO Show

    ProSEO Show Regular Member

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    If I say this a certain amount of times each month do I get a discount and/or maybe a new color? JK :p

    I forgot to tell you this - you just told a bunch of people that are trying to make money any way possible that you have 3,000 and want to invest in something IM related...be hesitant about how you handle the barrage of PM's coming your way.