It’s hard to know how to invest your money for best effect. There are so many options available that it can become a little overwhelming at times, particularly if you’re new to affiliate marketing.
In the past Ive invested a lot of cash into creating thin content sites that were made especially for generating Adsense income. On average it would take around 4 months to break even again, which meant I was pretty broke until my next Adsense payment came in.
I think its important to have a constant stream of income to work with – it means that if an opportunity comes along you’ll be able to take advantage of it.
Here are a few points to consider if you’re currently struggling to think of ways to invest your money.
If you’re strapped for cash, try investing money in avenues where you’ll make an instant return. For example, you could invest $100 in a copywriter to create a fansite dedicated to Anna Nicole Smith. Since Annas death is constantly in the news these days you could quickly sell the website for $200+. You can then use half of this to create a site around another hot topic and invest the rest into a thin content site.
Its important to have a good mixture of content-rich earners and thin sites. Whilst the long-term income potential of thin sites is limited, they can provide a huge return on investment in the short term. You can then use this money to build serious websites and new thin-content sites.
Investing all of your money into one project isn’t really a wise idea unless you’re sure it’ll be a success. Think about ways of scaling the project down a little bit so that you’ll still have cash to use. As an alternative you can cut the cost of an investment opportunity by partnering with a friend in a revenue sharing system.
Don’t be afraid to ask your friends for advice on the best investment option. Visit websites on your blogroll for more inspiration, you’re might stumble across an opportunity that you weren’t even aware of at the time.
In the past Ive been reluctant to invest money in a copywriter as I sometimes see it as a waste of money, after all I could just write the content myself! Remember to put a price on the work you do. You shouldn’t be working for free. Once you’ve set yourself an hourly wage you’ll be much more willing to invest money to free yourself from having to complete a task.
There should only be criteria for evaluating the success of an investment and that’s your return. If the ROI was high, immediately seek out similar opportunities and invest in them!