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Which is smarter to do with my $$$
So I really want to kick things up a notch this month with the blog network. I'm thinking I have 3 choices with what I want to do with $2500 this month. I can either:
- spend it on traffic and advertising linking to sponsors from ads - pay someone to help me build out more domains and do hand updates - leave the money in the bank to earn interest. Which to do? I hate to lose the 2500 as its more than I make a month but I need to make a move or two or I will never make real money online. Any advice? |
Leave the money in the bank.
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option number 2.
Number one is risky unless you have a clue about what you do, number 3 is lame and not making your business grow. Investing back is the way to go if you want to grow. Just make sure you invest back wisely ;) |
buy a domain name that comes with a pay site with semi-exclusive content that is not on any tube sites of a hottie doing hardcore and promote your own site.
Here is one to check out :) www.chaydin.com/main.html |
Buy stock in KBH :2 cents:
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Spend on traffic, build more stuff.
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see my sig
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play the traffic game....
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Buy massive amount of domains and building tube :) check my sig!
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Probably #2
It's always a good idea to reinvest the money back. How much are you currently making from your blogs? |
#2. is the only one going to make you money in the long run.
good luck. if you are writing your posts then buy a premium domain, they are worth every penny. |
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It will not affect your google rankings, but you will lose money. Traffic sellers are a scam 99% of the time. They sell it because they can't make money on it. Everyone who tells you to buy traffic just wants you to use their ref code so they get their $1 commission. |
Put $1000 in the bank. Then split the rest between working on your current sites and creating a couple new ones. The only thing I would suggest doing when creating new sites is to not overwhelm yourself. You want to be able to devote the time and money needed to the current or new sites without overdoing it. If you have too much going on at one time then you will fall behind (learned from personal experience). Unfortunately leaving money sitting in the bank isn't going to earn you any real interest right now since its very low unless you have high xx,xxx or more sitting around.
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Sit on your money until you know better what the fuck to do with it and don't need to come to GFY to ask people who are broke and mostly don't know their ass from their elbow.
Basically keep researching and experimenting until you find something that works. Then use whatever funds you have to scale it up. |
Nice to see you making moves.:thumbsup
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4. spend it on hookers and blow. you need to live a little.
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#1 Great way to make money, but if you have a low tolerance for risk, this isn't you. You may blow $1000, only make $100, before you find a winning formula and if you can't handle risk you will be freaking the fuck out. Without experience, I would not touch this with $2500. You will need to lose several hundred dollars right off the bat and with that small of a bankroll it will really hit you emotionally.
#2 This will take time to bear fruit, so make sure that you are investing the money in a system that you know will pay off. Don't make guesses. Take a current working system and scale is larger. #3 Do this if you don't believe in and feel confident about #1 and #2. Just because you have spare money doesn't mean you should invest it. Save it until you find a system/product that you really believe in, then go balls out. |
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If someone is giving genuine solid advice that they believe, and they're in any position of authority to talk about making money (ie, they have any), they won't be trying to make a buck from it. Quote:
You may as well fly to Vegas than randomly pick out of a hat something suggested by people who don't understand what you want to achieve or care about it. If you don't want to lose $2500, or can't afford to, then don't risk $2500. Forget the idea of using it to get rich quick, just do what you're already doing, but more of it, while gradually trying out other different things. Things that don't cost or require much money. Risking money you can't afford to lose is nuts. . |
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Wow, some really great feedback here. Thank you all. Truthfully, my objective and plan is to scale. Doing so is not possible at this time given the lack of man power and time.
I guess I've determined what I need... 1) part-time updater to physically help with updates. 2) find the time to grab more galleries for blog posts. 3) buy more handwritten writing posts. 4) buy more domains and build more blogs 5) .....move up to step 1 -> GET AN EXACT PLAN/PROCESS DOWN BEFORE DOING ANY OF THIS SHIT OR IT WILL BE A NIGHTMARE IN THE FUTURE. |
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Pay Sites, Pay Sites, Pay Sites
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Bank :pimp
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If you decide to invest in hiring someone to do some work, then I'll do anything you ask with quality results. I'm just in a bad spot with cash flow, atm..
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Did I vote already?
save your money. |
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I can do any kind of work that you need for your network, but I understand if you find someone else. |
but a paysite and get 30 dollars a join instead of 15 :) Chaydin.com is finished, I have not made it live yet because I don't know what I am doing with it yet. She wants to make videos again but doesn't look like she use to so I might give her a new name and just make another site. Depends on if someone wants the one I have. I wish there were more hours in the day
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Buy stock: NG
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One of the best things I ever did was investing in automation as you build out your empire. While it can be expensive building all of these scripts initially, all you have to do it start adding up the man hours over a year and see that it's a sound investment. In the end, you are working smarter, not harder. You are able to scale much faster. :2 cents: |
Put it all on red and 100 bucks on 0 and 00 odd in your favor like 55% chance you win. Hits red you have 4600, hits 0 or 00 and you have 3500. You can pay me later
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#2 - Always figure out ways to expand while adding as little work on your plate as possible by hiring people to take care of tasks under you
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I would spend $500 a month for 2 or 3 months in AdWords using your affiliate links to the sponsor as your sponsor's affiliate agreement allows. |
If you're already making money with blogs then you should go with the advice that the majority of people here are giving you, and go with the second option.
But If you're struggling with building your blog network i.e. not getting good ranking, or conversions etc..then you should definitely go with DamageX's advice. If you don't know what you're doing, it doesn't matter how much money you spend; you won't make much money. It's ok to spend the money on your network, but don't spend it all; unless you know what you're doing. Trust me...I'm always spending too much money on content, scripts, traffic, and anything else I can find...I usually end up abandoning the project because I don't know what I'm doing. Do you have any contact info? |
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invest in toilets... everyone in the world needs to poo...
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If what you have is already profitable, then invest the money to do exactly the same and expand. So option 2 :-)
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Get hookers
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try to seo those blogs you are already working on. Try a different technique with each and compare the results.
~Ray |
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