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
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
