As we talked about last week, What Would You Do With $100k to Invest Online?
I have been thinking about it, and this would be my idea:
1. Transfer the money to ING Direct. ~5% = $1,000
2. Start shopping for a website in the $50k range that is already established and making $5-6k a month.
3. Buy site and start developing additional features within the site. Spend $10-20k on development.
4. Start marketing the new features of the site with Adwords, link buys, and buzz (social media) marketing.
5. Sell site for $150k in 6-12 months when revenue justifies price.
6. Repeat all steps.
My other ideas include:
1. Buy an old site in a market I can monetize.
2. Hire a link builder. $20,000
3. Hire a linkbait writer.$5-10,00
4. Hire 5 content writers. $10,000
5. Hire article submitter. $1,000
6. Spend $69,000 on arbitrage reinvesting the earnings into #2-5
I think that way would be more fun, but not necessarily as profitable. Any investors want to give it a shot and see if we can get you a 25% return on your money in 6 months?
What would you do with $100,000 to invest online within 3 months?
Um, where can you find a website for $50k that is making $5-6k per month? It seems that a site with that much revenue is going to sell for much more than $50k since you’d make your initial investment back in 8-10 months.
Yes Rick you are right.
With 100k you could make a great product or many ( for example little gadgets ), and market it with linkbaites.
Brandon, thanks for providing a few steps on how to make $. This week with the boss finally broke the camel’s back. Where do you find a place to buy existing websites? Most I see are template deals. Where’s a place real web masters like yourself go to offload their websites?
Rick, you can find websites selling for 10x revenue at any forum.
Daniel, my favorite place is Digital Point. Many people like Site Point as well.
Interesting concept. I would it do like you, because with 100k $ you can make a old site to a good company. But the theory is the theory 😉