Simon’s Notes

Simon’s Money Notes has finally earned me my first bit of paypal money. And now I’m not sure what to do with it. There is no doubt that the money will be put back into my online ventures so that they can grow and make me more money. But there is so much available that I don’t really know which would be the better option.

I’ve put together a simple list of different ideas, that require some capital investment, that I could use to help grow my online income. At the moment I’m in no hurry, because the amount of money that I’ve made is not anything that I can work with, so while I wait for my account to grow to 100 dollars at least, you guys can help me pick a plan.

• The obvious choice would be to purchase 1 or more reviews. While this might be the obvious option, I don’t believe its the best. With a budget of 100 dollars I have a choice to purchase 1 review from a highly ranked blog that gets a good amount of traffic, or buy a few reviews from some very lowly blogs. But unless I’m buying from John Chow himself, I don’t see this as a very good investment. I don’t need to pay 100 dollars for a bunch of mediocre links, and paying 100 dollars for 1 link seems like a waste to me, I could be wrong though. One evil way of doing things would be to contact the blogger directly to do the review for you and offer him half the price, this might not bother him as he would have to give half to ‘reviewme’ or ‘payperpost‘ anyway.
• I could buy some text links through text-link-ads. This might not be a bad idea, with 100 dollars I could buy a few links on some quality blogs, I’m thinking links on 3 blogs at 30 dollars per month each. On the other hand I think there are still much better ways.
• If I had a bit more money I could advertise with feedburner. I wouldn’t mind doing this, from what I understand they give you quite a lot of impressions for the amount you pay, but it varies. You have to have 300 dollars at least though for it to be really worth it.
• Buying some AdWords would definitely be an option except I don’t think they accept paypal.
• One of the things I am seriously considering is to buy some referrals for my adbux or bux.to accounts. I would probably opt for bux.to as they seem to be more on the ball than adbux, and for 95 dollars I can buy 100 referrals which could earn me a potential 5 dollars per day, which means that I would have made my 100 dollars back in the first month. Of course I don’t even know if these guys payout yet, since I haven’t reached the threshold, but a lot of people say that they do. The other problem is that there is no guarantee that my purchased referrals will be active.
• I could buy a review campaign. This would probably be better than buying individual reviews. I would get a bunch of one way links this way, but they wouldn’t really be quality links. From blogsvertise I could purchase reviews for as little as 4 dollars per review. So with 100 dollars at 5 dollars per review I could purchase 20 reviews. Not bad if you’re not picky.
• This one is my favorite. Once my account reaches 100 dollars, I’ll do a competition and give the 100 dollars away to the winner. I’m still not sure what the details of the competition will be, but it will generally be something like this. To qualify you have to do a review of my blog with one link to Simon’s Money Notes, and one link to the competition post, then when I have enough reviews (the exact number is still a little hazy, you guys help me decide), I’ll give the money away to whichever blogger I chose. But I’ll have to be fair to everyone, so for doing the review everyone will get a link on my blog for free.

If you have any other suggestions or ideas please let me know. Alternatively if you’d like to exchange links with this blog, or maybe exchange Technorati favorites, we can do that too.

Simon

If you like this post consider subscribing to my full RSS feed.

Filed under: Blogging, Make Money Online by Simon Rodrigues