Invest 10k...make 10k/month (13)
Hey there fellow stackers. I'll get right to it. I'm in a situation where I need to make 10k/month in the shortest amount of time. A pretty shitty one I might add. But the details don't really matter.
My question to the AM heroes around here is: how would you invest 10k to get to 10k/month in a relatively short amount of time with the least stress/time involved? I know it's a too general of a question but I thought that since this industry is soooo diversified, maybe each has their own plan and vision for this. Maybe we can cook up quite a nice creative thread.
Hello Eugenestan,
First thing, you need to put 10k/month to do 20K/Month ? For how many month ?
Because if i have understand you need to have 100% ROI, of course you can do it, but at the beginning is going to be a lot of work.
If i look at my affiliate stats, i will tell you to run some dating campaign, but you will need some good payout to success.
If you have some question, i will be glad to accept you on skype !
Have a good day !
Hope some other guys give you some other ideas !
Originally Posted by eugenestan
Originally Posted by eugenestan
Hey guys. Thanks for answering. I should have explained myself a bit better. My bad. I just don't feel that comfortable getting into the details.
So here's the deal. I'll make it short, I know your time is valuable. Someone very dear to me has advanced lung cancer. It just came out of nowhere. To have a chance of survival, we need to try a treatment in another country (we're from a small country in Europe).
That's where I come in. Finances are limited but the treatment is expensive. 10k-15k a month would be needed for about 6-8 months. Minimum.
I know my first post sounded laughable. I totally understand you guys. I am not looking for 10k a month for life from a 10k investment. That would be insane. But I know AM is one of the very few industries where you can go from 0 to 6 figures in a few months. I am just looking for some directions since some of you make 10k/day.
Okay, it seems like you are in a very difficult situation.
I hope you take this the right way.
I did my graduate medical studies at Karolinska, and while I do not practice oncology, I have many friends who do.
What I have seen many many times, however, is that when people who face desperate situations like this, they often making very bad decisions that can turn an awful situation even worse. When a person feels desperate is also when that person's mind is incredibly vulnerable and psychologically open to grasping any straw.
First of all, AM is an incredibly volatile industry. It requires an iron stomach to weather losses, a wide range of diverse skills and experiences, a sharp, rational mind ... and even all this is no guarantee that you will necessarily make money.
Secondly, AM is not easy money. The attractiveness of AM is NOT that it is easy, but rather that the barriers to entry are low and that it is geographically unconstrained. You don't need a Ph.D. or an J.D. or an M.S. You don't even need a high school diploma. Similarly, you don't need to be in Manhattan, or Tokyo or London. You can work from Oklahoma or Kalamazoo or Ulan Bator or Yangon. But the very fact that the barriers to entry are so low is ALSO what make the industry brutally competitive.
The fact is: there is no magic, secret formula which will allow you to turn suddenly print money. Anyone who is promising you this is trying to take advantage of you at a particularly vulnerable time.
I feel for you. Advanced stage 4 metastatic bronchogenic carcinoma is a terrible, terrible situation.
However, going to Vegas and putting all your savings on roulette is not the answer here.
And neither is AM.
I started a site last year that hit a consistent 20k/month profit within about 6 months. Took about 10hrs/day of work, 7 days/week though. Not sure how well my site-building method works anymore with FB's new algo changes, but PM me and I'd be happy to help you out.
But again, this would take a 4-5 months to reach the kind of revenue you're looking for, so maybe it's not the best option.
I think Thuglife pretty much answered your question though in your previous post.
Hi Eugenestan,
Honestly, where AM is concerned, cmdeal has given you the best advise in the industry that will cost you premium to learn . I might come in from a different angle a bit, but please permit me. I come from the school of thought that believes so well in my religion Christianity. If you are looking for healing where life threatening issue is concerned, thats the only solution I can recommend. If you can check on Kenneth Hagin, he was diagnosed with incurable disease at his tender age, after he met Jesus he was able to live about 60years more . Today I present the same to you and your friend, sounds a bit off but thats the best I can offer to you anyday anytime. If you are chanced at 6am EST, you can join I and my pastor for prayer with your friend daily at http://mixlr.com/drkaylive/ . I hope this helps
dude thats gnarly.
cmdeal is right.
Thank you for your answers guys.
Cmdeal, you are right in what you said. Maybe I sounded a bit too enthusiastic about this and made it look like I believe AM is the answers to my prayers and will save the day. Far from it. I'm a very rational guy and have been through a lot to be able to handle this without making bad decisions. Including myself battling cancer at 24 (and damn it I won). That was just a couple of years ago.
I am well aware AM is extremely volatile and unpredictable. But then again, it's probably the only thing I can do right now with a few hours per day free time and a laptop to make money. And I do have some experience too, not 100% beginner.
I am not going to rely on AM money to pay for this treatment. I am not insane. We will probably borrow but I will have to give it back somehow. So the idea is to make some money during the next 6-8 months to give it back. And this is the best way for my current situation as far as I can see.
I know making a lot of money quickly is very unlikely because as you've said, the barrier to entry is so low. But the point of this thread was to ask you guys for some directions of that would be the most likely way of achieving this, what's working for you right now, even with small chances.
If you want to make 10K a month in profits you'll have to keep on investing continously. The first 10K can definitely make you 10K profits (so 20K revs) but then you need to keep on reinvesting profits to generate more and more profits. Not a single investment, and definitely not AM, will make you 10K/month if you don't keep on investing and just once invest 10K. Money makes money.
I never said I want to make 10k/month from a one time single investment. Of course I would have to continue investing.
Guys, please don't think about this based on my situation. Let me rephrase the whole thing, maybe it helps.
You would have to start over today. You have a 10k budget. What would you do to have the best shot at making as much money as possible in 6 months?
Originally Posted by eugenestan
The knowledge gained from the hypothetical previous experience is what is the decider. Even if there are "hotter" things than email marketing, the pros are still crushing it there, so they would just rebuild what they know works.
This whole question of what to do with X budget has been asked on the forum countless times, and the answer is always the same: There are many things you can do and it's never the initial budget that is the bottleneck to success.
Start what worked for you before, that's the best option. Though it's often good to get advice from others, the first step has to be yours and you should return to ask more specific questions, not one that requires a vague answer or a lie, and is in theory, deciding your business.
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