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Hi builders, I would like to collect Ideas what is possible to do with a 10k budget for 1 year.
I'm in relative young age but I started early with Internet Marketing so I know how to build successful websites, I know how to code etc. This shouldn't be Ideas only for me but for everyone who has some knowledge in IM and some Budget for a new project.
My Ideas are:
1. Affiliate Sites:
Start Researching and find some niches out there. Then build about 5 sites with monetization over amazon or other affiliate networks. Let's say 3 are successful getting in each 1k. 2 Are so so and get in each 0,5 k. So there would be a monthly revenue of 4k. If I would sell them all after 1 year I would have about 4k/Month Revenue * 18 (Average Sales factor for good websites) This method would leave me 72k(sites sale) + 20k (Money earned so far) Total: 92k.
2. SaaS
Build a small Saas. The problem is here to find Ideas which are worth it. To be successful with tiny SaaS I would need to find a problem which is easy solvable with a specific strategy I can figure out and automate it . The problem should be hard enough to get the people paying xx-xxx monthly. The Solution shouldn't be to hard to build because of the time frame and the limited resources. Let's say the Solution costs 50$/month on avg. and I get 200 Customers within 1 year. This would be 10k revenue every month. after the 12 months period. If sold then It should be worth about 200k.
Hope to get a few Ideas from you. Don't take my numbers to serious. This are only estimations for the best cases.
Regards
Andreas
I'm in relative young age but I started early with Internet Marketing so I know how to build successful websites, I know how to code etc. This shouldn't be Ideas only for me but for everyone who has some knowledge in IM and some Budget for a new project.
My Ideas are:
1. Affiliate Sites:
Start Researching and find some niches out there. Then build about 5 sites with monetization over amazon or other affiliate networks. Let's say 3 are successful getting in each 1k. 2 Are so so and get in each 0,5 k. So there would be a monthly revenue of 4k. If I would sell them all after 1 year I would have about 4k/Month Revenue * 18 (Average Sales factor for good websites) This method would leave me 72k(sites sale) + 20k (Money earned so far) Total: 92k.
2. SaaS
Build a small Saas. The problem is here to find Ideas which are worth it. To be successful with tiny SaaS I would need to find a problem which is easy solvable with a specific strategy I can figure out and automate it . The problem should be hard enough to get the people paying xx-xxx monthly. The Solution shouldn't be to hard to build because of the time frame and the limited resources. Let's say the Solution costs 50$/month on avg. and I get 200 Customers within 1 year. This would be 10k revenue every month. after the 12 months period. If sold then It should be worth about 200k.
Hope to get a few Ideas from you. Don't take my numbers to serious. This are only estimations for the best cases.
Regards
Andreas