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What should I spend my last few dollars on? (semi-long read)

If you were me, what would you do?

  • A

    Votes: 1 25.0%
  • B

    Votes: 1 25.0%
  • Other- see my reply to this thread

    Votes: 2 50.0%

  • Total voters
    4

Fulfilled

New Contributor
User Power
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39%
Mar 27, 2014
23
9
United Kingdom
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
 
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Y.B.

Bronze Contributor
Read Fastlane!
Speedway Pass
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93%
Feb 7, 2014
491
455
39
Do you really think you will get 6 good kindle books for $800?

Also if you only have $800 and then nothing else, you may to start with 1 or 2 first
 

MattCour

Silver Contributor
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128%
Aug 17, 2012
454
579
NY
If you only have $800, you really can't afford to blow that money. What about a part time gig or side hustle to generate steady cash. That's a ton of pressure to make the right decision!
 
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marklov

It is a Tiger That Devours Me but I am The Tiger
Read Fastlane!
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Mar 30, 2014
404
676
Youre seeking verification , I bet you already know what you have to do;)

Just do it
 
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