Fulfilled
New Contributor
Hey guys,
I'm trying to get a perspective from others about my situation.
By the way, I tend to overanalyse things (really, it sucks). You have been warned!
Here it is:
Right now, I have $800 to spend on either
A: Testing different promotions (banners, headline, copy, cta) and products against each other on different traffic sources with the goal of getting a CPA lower than the customer's LTV (aka finding a desire, fulfilling it, then selling it to people by paid advertising)
B: Get 6 kindle books (that are likely to succeed) written up by a freelancer (each has the potential to make 100$-300$ a month, passively)
A is what I really want to do- sell other people's stuff first, optimise the promotion then create business once the promotions work. I really don't like kindle publishing, too much reliance on amazon, potential is small and I don't feel like I'm fulfilling real needs- B is to generate cash flow for A.
But heres the problem, If I start with A and I lose all my money without optimising well enough to get an ROI, I'll have to get a job. Sure I've learnt a lot, but I could have spent that money on option B, where It would have become an asset.
If I choose B and it fails, I would have wasted a month and a 1/2, lost the chance of spending the money on a learning experience and I would also have to look for a job.
If either succeeds, I can continue to spend money testing and building my funnel.
B has a lower risk of failing, but if it does, I would have wasted more resource on it than A. A also has more potential than B if it should succeed, even though that isn't likely.
I have no problem with getting a job, the only problem with it is that it would unnecessarily delay my projects by months. I've procrastinated long enough and now, I finally know exactly what to do. I want to get started right now. I've never been readier to take action
Am I just overanalysing things? :s
What do you think? I'd love to hear your opinion!
- Fulfilled
I'm trying to get a perspective from others about my situation.
By the way, I tend to overanalyse things (really, it sucks). You have been warned!
Here it is:
Right now, I have $800 to spend on either
A: Testing different promotions (banners, headline, copy, cta) and products against each other on different traffic sources with the goal of getting a CPA lower than the customer's LTV (aka finding a desire, fulfilling it, then selling it to people by paid advertising)
B: Get 6 kindle books (that are likely to succeed) written up by a freelancer (each has the potential to make 100$-300$ a month, passively)
A is what I really want to do- sell other people's stuff first, optimise the promotion then create business once the promotions work. I really don't like kindle publishing, too much reliance on amazon, potential is small and I don't feel like I'm fulfilling real needs- B is to generate cash flow for A.
But heres the problem, If I start with A and I lose all my money without optimising well enough to get an ROI, I'll have to get a job. Sure I've learnt a lot, but I could have spent that money on option B, where It would have become an asset.
If I choose B and it fails, I would have wasted a month and a 1/2, lost the chance of spending the money on a learning experience and I would also have to look for a job.
If either succeeds, I can continue to spend money testing and building my funnel.
B has a lower risk of failing, but if it does, I would have wasted more resource on it than A. A also has more potential than B if it should succeed, even though that isn't likely.
I have no problem with getting a job, the only problem with it is that it would unnecessarily delay my projects by months. I've procrastinated long enough and now, I finally know exactly what to do. I want to get started right now. I've never been readier to take action
Am I just overanalysing things? :s
What do you think? I'd love to hear your opinion!
- Fulfilled
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