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Thread: $1000 To Invest - What To Spend It On?

  1. #1
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    Default $1000 To Invest - What To Spend It On?

    Hi all,

    I've recently done a website job for a business and earned $1000 from doing so. I don't have anything to spend it on, so I'd like to invest in my website, but I don't really know what to buy.

    Right now these are on my list of ideas - what more can you add?

    Upgrading from SMF to vBulletin - I figured it's best to do this before I really start advertising the forum section of my website

    Buying a premium Wordpress Theme - I was thinking Genesis, Thesis, or Oracle. I am open to suggestions on this as well - my requirements are that the theme is SEO friendly, loads fast, and looks professional. It'd also be kinda nice if it was easily customizable as well as having good options for including social media (my current theme has not been successful social media wise).

    Buying a premium vBulletin theme - my niche is semi competitive so I think a nice theme would be a good investment to separate myself from other forums until I have more content

    Buying a camera - I think I heard Lisa say something about this a while ago, about getting on YouTube being important. I'm 16, so I'm a bit reluctant to show my face as I feel as people will think I'm less credible or knowledgeable about my subject simply because of my age.

    Advertising? I don't know, but I've considered it.

    Paid vBulletin mods - there's such a large selection, I'd have to see what would work for me. I'm not quite sure yet.

    Paying for forum posts at the beginning - I've heard this is a bad idea as it looks illegitimate. Maybe some people think otherwise.

    Anyway, what would you recommend?

    Thanks all for helping me out!
    Learn to make money by investing and trading cryptocurrency! http://cryptoclassroom.com

  2. #2
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    If you are going to get serious about video, a good camera is a nice investment -- although these days you don't really have to spend a lot. You used need hundreds of dollars, now you can get a nice HD cam for $150 to $200 -- or maybe even less.

    I like the premium theme idea. I think premium themes give you better support and stability than free ones. I've heard too many people get messed up with their free themes when WordPress makes an update. If you are going to go free, at least use one of the WordPress default themes like Twenty Eleven/Twelve, etc. As you know I'm a big fan of Genesis.

    Before you buy a forum script, are you sure you have the traffic to support it yet? There is no specific amount (and it varies per site.) For example I had WAY less traffic to my hair site to get that forum going because it's so niche. For this forum I needed more.

    I have never bought a vBulletin mod except VBSEO. Be careful of using too many of these unless they are supported by vBulletin. A lot of mods have security risks. I used VBSEO for years but had a host of hacking issues due to holes in the script and I uninstalled it. I try to keep my mods to a minimum.

    If you want to dip your toes into paid advertising, I would start with Facebook. The ads are much cheaper than say Google AdWords and you can go very, very, very targeted because FB collects so much info about people.

    I wouldn't spend it all. Save some for your bank account too.

    Just my 2 cents.

  3. #3
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    Quote Originally Posted by lisa View Post
    If you are going to get serious about video, a good camera is a nice investment -- although these days you don't really have to spend a lot. You used need hundreds of dollars, now you can get a nice HD cam for $150 to $200 -- or maybe even less.

    I like the premium theme idea. I think premium themes give you better support and stability than free ones. I've heard too many people get messed up with their free themes when WordPress makes an update. If you are going to go free, at least use one of the WordPress default themes like Twenty Eleven/Twelve, etc. As you know I'm a big fan of Genesis.

    Before you buy a forum script, are you sure you have the traffic to support it yet? There is no specific amount (and it varies per site.) For example I had WAY less traffic to my hair site to get that forum going because it's so niche. For this forum I needed more.

    I have never bought a vBulletin mod except VBSEO. Be careful of using too many of these unless they are supported by vBulletin. A lot of mods have security risks. I used VBSEO for years but had a host of hacking issues due to holes in the script and I uninstalled it. I try to keep my mods to a minimum.

    If you want to dip your toes into paid advertising, I would start with Facebook. The ads are much cheaper than say Google AdWords and you can go very, very, very targeted because FB collects so much info about people.

    I wouldn't spend it all. Save some for your bank account too.

    Just my 2 cents.
    Thanks Lisa for your response. I do think I am going to go with the camera idea - even if I'm not ready yet, it'll be there when I want it in the future.

    I have done a bit of research into VBSEO, and have heard a lot of mixed opinions about. Some people say it works, other people have said that it doesn't. I don't know for sure yet if I want to invest in it, but if I do decide to go with it, I'd like to have it installed from the very beginning. Of course, security is a big issue so I'll have to look into that as well.

    If I do decide to go with the Genesis framework as my theme, I'll make sure to do it through your affiliate link. You definitely deserve it for all that you've helped me so far

    Decisions, decisions...

    Edit: Theme wise I've think I've narrowed it down to either Genesis or Oracle.. if I go with Genesis, I really don't know what child theme would be suited to my website. Tough choices
    Last edited by Majora; 04-25-2013 at 10:44 PM.
    Learn to make money by investing and trading cryptocurrency! http://cryptoclassroom.com

  4. #4
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    Glad I could help and thanks in advance. I can tell you that the News and Eleven40 themes are the two most popular themes people buy. I read that on the Genesis blog some time ago. Also when I had my Genesis theme contest both winners chose either one of those themes. I believe they are both responsive. That's something else you want to consider.

    I don't think VBSEO has as much value anymore. Google does not put as much SEO value on internal forum pages anymore and the default settings for vBulletin are sufficient for SEO in my opinion. Years ago this was a much needed plugin because Google could not read the vBulletin URLs. That has changed now, though.

  5. #5
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    Quote Originally Posted by lisa View Post
    Glad I could help and thanks in advance. I can tell you that the News and Eleven40 themes are the two most popular themes people buy. I read that on the Genesis blog some time ago. Also when I had my Genesis theme contest both winners chose either one of those themes. I believe they are both responsive. That's something else you want to consider.

    I don't think VBSEO has as much value anymore. Google does not put as much SEO value on internal forum pages anymore and the default settings for vBulletin are sufficient for SEO in my opinion. Years ago this was a much needed plugin because Google could not read the vBulletin URLs. That has changed now, though.
    Thanks again Lisa. Both themes look wonderful - I do think I am going to end up going with Genesis. Now it's the choice of the child theme. Again, both look great. I think I'd be better off with News, although only a very small portion of my website is actually news. It's a blog.

    One thing I like about it though is that it looks like from the home page, you are able to view a lot of different posts rather quickly. As in, the visitor can look at the titles and read the ones that appeal to them. On my current theme, which is free, it's slow, because users have to keep scrolling down to see new articles. Not something that would appeal to me anyway.

    How it integrates with advertisements through Google and Amazon will factor into my decision as well.

    Either way, I'm very excited to retheme my site! Just have to make the choice now of a child theme.
    Learn to make money by investing and trading cryptocurrency! http://cryptoclassroom.com

  6. #6
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    Yeah they have such a nice selection of themes, it's hard to choose! Love your new pic by the way.

  7. #7
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    Lisa has given you some great advice here. The Genesis framework is an excellent choice for many reasons. You can use it on multiple sites and buying child themes is not expensive.

    As a general rule I would divide all your potential uses of funds, now and for some time into the future into two categories: investing in tools and programs with long term value and spending on advertising, promotion and hired help of any kind. Put your money into the first.

    Advertising especially is a total waste until you have proven results from particular pages. If you know how much you can make from a certain amount of traffic you can test and then spend on productive advertising if you want, but it does no good and is a negative in fact to spend on promotion if getting more traffic doesn't produce more income. If you want to be a success online you have to learn how to think like a business and marketing person as well as a technician.
    Good Success!

    Douglas County Master Gardeners
    Making money online is not difficult. What is difficult is the discipline one needs to stay focused on the process. —Kathleen Gage

  8. #8
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    Do any themes come with the Genesis Framework? It's on my wishlist since I am not keen on using free themes which could easily break in the future. This is something I am reinvesting profit into - robust WP themes.

  9. #9
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    Default How Genesis works.

    Genesis describes itself as a "framework" which is in effect a barebones theme structure. Compare it loosely to the html for a site. Then it uses child themes to set up the site, sort of like adding the css. This means that it is not intended to be used alone but also that its powerful structure allows endless combinations of sites to be built without changing the underlying theme.

    When you buy Genesis to start with you ordinarily buy one child theme. Their site is set up basically for that idea. You can use the program on as many sites as you want so they do not have pro versions. Then you can buy child themes for under $20.00. This means that in practice it is like being able to buy top notch pro level themes for under $20 whenever you want (or, if you want you can write your own child themes).

    It is a great model from the buyers perspective and very good. No wonder they are beating the competition at this time.
    Good Success!

    Douglas County Master Gardeners
    Making money online is not difficult. What is difficult is the discipline one needs to stay focused on the process. —Kathleen Gage

  10. #10
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    Quote Originally Posted by James View Post
    Lisa has given you some great advice here. The Genesis framework is an excellent choice for many reasons. You can use it on multiple sites and buying child themes is not expensive.

    As a general rule I would divide all your potential uses of funds, now and for some time into the future into two categories: investing in tools and programs with long term value and spending on advertising, promotion and hired help of any kind. Put your money into the first.

    Advertising especially is a total waste until you have proven results from particular pages. If you know how much you can make from a certain amount of traffic you can test and then spend on productive advertising if you want, but it does no good and is a negative in fact to spend on promotion if getting more traffic doesn't produce more income. If you want to be a success online you have to learn how to think like a business and marketing person as well as a technician.
    I was thinking that as well. Because I'm not actually selling a product, I don't know if it would be worth it to actually pay for advertising unless I can get it very cheap. I am looking to make money, not lose it after all, lol.
    Learn to make money by investing and trading cryptocurrency! http://cryptoclassroom.com

  11. #11
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    Quote Originally Posted by Darren View Post
    Do any themes come with the Genesis Framework? It's on my wishlist since I am not keen on using free themes which could easily break in the future. This is something I am reinvesting profit into - robust WP themes.
    You get one complimentary theme with the Genesis Framework. It's called 'Sample' and it's fairly spartan - the demo site is at http://www.genesisframework.com/. The idea is you can use it as a template to build your own custom design.

    The pro of Sample is that you get all the benefits of a premium theme (support etc) but the theme is free. Of course you still have to pay for the framework. The cons are that the design is very plain and they spring design changes on you.

    When Genesis 1.9 came out, I was using the Sample theme on my site and the design was totally replaced. There was no notice given so when I updated the design of my site became all messed up. Luckily, I had a backup, so I was able to restore all the old CSS. Be aware of this if you're going to use the Sample theme, and make sure you copy the CSS into your own file instead of relying on the built-in style sheet.

  12. #12
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    First of all, I want to commend you for the knowledge that you currently have at the age of 16.
    And earning $1,000 is definitely an accomplishment at any age, let alone 16.

    As far as the video idea, I would definitely consider it. Being that you are 16, you probably have a good idea of some niches that might be popular for people in your age group. The gaming niche comes to mind. I wouldn't let the age thing stop you from trying to be an "authority" so to speak.
    My favorite automated twitter tool. Aff link. PM me for a screenshare demo if you have any questions.

  13. #13
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    I wouldn't let the age thing stop you from trying to be an "authority" so to speak.
    Good advice. You don't have to be older. You don't even have to be from Texas to be an "authority" figure, although it doesn't hurt (there's a lot of top notch people there, you know). You measure quality from what people do not anything else. From what we from see here a 16 year old with your writing and comment skill impresses us. Keep up the good work.
    Good Success!

    Douglas County Master Gardeners
    Making money online is not difficult. What is difficult is the discipline one needs to stay focused on the process. —Kathleen Gage

  14. #14
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    Quote Originally Posted by Majora View Post
    Buying a camera - I think I heard Lisa say something about this a while ago, about getting on YouTube being important. I'm 16, so I'm a bit reluctant to show my face as I feel as people will think I'm less credible or knowledgeable about my subject simply because of my age.
    Quote Originally Posted by James View Post
    Good advice. You don't have to be older. You don't even have to be from Texas to be an "authority" figure, although it doesn't hurt (there's a lot of top notch people there, you know). You measure quality from what people do not anything else. From what we from see here a 16 year old with your writing and comment skill impresses us. Keep up the good work.
    In an "ideal world" that would be true. But it's not about how knowledgeable you are, it's about how knowledgeable people think you are. The fact is, some people are just not able to accept younger people as authority figures.

    This reminds me of an interview I listened to, a web designer who started when he was in high school. When one of his clients found out he was only 14-15, they just cut off all contact - despite the fact that they had previously been pleased with the designer's work.

    I'm soon turning 17, but I wouldn't say that on my website. I don't lie about my age, I just don't mention it. I don't have any photos of myself either. It's just not worth the risk of losing people's trust.

    Ultimately, I think it depends on your audience and your brand. There are tons of people our age getting on camera on YouTube, but typically they're just there to entertain others like them. But if you're trying to appear as an expert and explaining how to do something like I am, best to keep quiet about your age I think.

  15. #15
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    Personally, I would recommend investing in items that will yield ongoing returns, such as the Genesis Theme or the camera, and stay away from paid advertising. Good luck as you build your business!

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