How Do YOU Invest Your IM Income?

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Spliffic

Spliffic

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Apr 5, 2008
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For those of you who have made a bit of bank off internet marketing, just wondering what you've done or plan on doing with your earnings. I know this is a bit of a personal question (I'm not looking for detailed plans), but for instance I am thinking of buying a franchise with some of the cash I have made and maybe go for a brick and mortar business as a long term plan (Tim Horton's in Canada anyone? :) ). Some of you may invest in hedge funds. Some of you applied for a government grant and only paid shipping in handling fees and received thousands from the government to play with.

Like everything else involving income, this is a volatile business and I'm just looking for some ideas on how you will make your long term dollars work for you.
 


Here's an off the cuff answer...

There are lots of baby boomer business owners who would love to cash out. Skip going through business brokers and go straight to the owners. Pick a business category you think you would like to own (stay away from service based stuff, manufacturing is great), and send a letter to all the businesses in that industry in your area. I've typically seen better than 20% response. Then just go talk to them. Weed out the nitwits and ones who are hiding a sinking ship.

There are lots of resources available on how to buy businesses. I've enjoyed learning from this guy, Art Hamel. You can find some free recordings on the basics of business buying at How To Buy A Business Teleseminar

I haven't actually bought his course, but I'm considering it.
 
vinny lingo said:
Here's an off the cuff answer...

There are lots of baby boomer business owners who would love to cash out. Skip going through business brokers and go straight to the owners. Pick a business category you think you would like to own (stay away from service based stuff, manufacturing is great), and send a letter to all the businesses in that industry in your area. I've typically seen better than 20% response. Then just go talk to them. Weed out the nitwits and ones who are hiding a sinking ship.

There are lots of resources available on how to buy businesses. I've enjoyed learning from this guy, Art Hamel. You can find some free recordings on the basics of business buying at How To Buy A Business Teleseminar

I haven't actually bought his course, but I'm considering it.
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That's how you get rich, right there. I agree on avoiding anything service-related, it would be a logistical nightmare I'd imagine. Though I'm completely talking out of my ass here :nopenope: I'm inclined to think that the way to go would be to look at b2b operations with an existing, long-standing client base so you don't have to deal with the retarded general public (or pay people to).
 
Don't buy a franchise your bassicly buying yourself a job

Rental properties and savings accounts here
 
Diversify, diversify, diversify.

Shares, Real estate, other currencies. You can get some amazing rental returns on houses in 3rd world countries.
 
Its just me but Ive always enjoyed building my own businesses instead of buying someone elses. Part of me likes the processes, its almost a sport in a way.

Its feels risky to me buying someone elses business, theyre going to want to sell it for as much as they can and inflating revenue while underreporting expenses Im sure isnt common.

Or something could happen like what happend to my barber when he bought out the local old guy - he restarted 2 blocks away and took all his clients with him.

BigWill said:
Don't buy a franchise your bassicly buying yourself a job
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I was going to say the same thing.

thuxen said:
Diversify, diversify, diversify.

Shares, Real estate, other currencies. You can get some amazing rental returns on houses in 3rd world countries.
Click to expand...

Ive been wanting to get into vacation rentals for some time - maybe Puerto Vallarta or somewhere in Europe like Spain so I can collect rent checks in Euros.

Real estate really is where its at if youre looking for something else to invest it. It makes the most millionaires in America.
 
municipal bond funds and some index funds

If you're an American, municipal bond interest is exempt from federal income tax, and if the bonds in the fund are from the same state you're living in, they're exempt from state income tax as well.

Municipal bond - Wikipedia, the free encyclopedia

Try Fidelity, Vanguard, and T. Rowe Price...all good companies.
 
radio said:
fleshlights.
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+1

I'd go with rental properties. With so many people not being able to afford houses, rental properties are doing great. My aunt and uncle own a 20-apartment building, and they're paying the mortgage + making a few hundred per month off of it.

If you've got the cash, buy it outright. Fuck high interest loans. If you don't have enough, just make a big ass down payment so you can pay it off quicker.
 
geekcognito said:
That's how you get rich, right there. I agree on avoiding anything service-related, it would be a logistical nightmare I'd imagine. Though I'm completely talking out of my ass here :nopenope: I'm inclined to think that the way to go would be to look at b2b operations with an existing, long-standing client base so you don't have to deal with the retarded general public (or pay people to).
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B2B companies are some of the most stable, most profitable businesses there are.

That's also why I liked that business buying guy's suggestion to buy manufacturing businesses. Usually there's a couple layers of distribution between you and the customers. Especially if you produce something that other companies put their branding on. Between that and the inherent stability in most of those types of companies, I'm happy to limit myself to those verticals.

Even real estate is chump change compared to buying businesses.
 
I like to diversify, with investments like...

roflbrothel.gif


no need to keep it all in one basket

but real estate has made more people rich than anything else I can think of
 
Andrew Scherer said:
Or something could happen like what happend to my barber when he bought out the local old guy - he restarted 2 blocks away and took all his clients with him.
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Thats why you never buy a business without a non-compete agreement.

This happens a lot. A few people I know got stung this way, it worked out ok for them in the end, but it cost them a lot more to compete with the goodwill that the previous owner already had.
 
acemenace said:
Cheap real estate in 3rd world countries.
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geekcognito said:
Like Detroit.
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Works for me. Keep it north of 8 mile though - nobody actually wants to live inside of Detroit. You can get decent properties in Roseville, Eastpointe, Warren etc for $20k and rent them out for $900/month all day long. That's a sick ROI, plus you can leverage the equity in the house for a fat loan if you need one. The banks will go off of assessed value if you have good credit.
 
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