How would YOU generate $2,000 per month?

forever saving on 24/02/2014 - 10:21
Last edited 24/02/2014 - 11:41

DISCLAIMER: You will need to think outside the square. You will need to take a risk.

If a man in a shady cloak came up to you and said here's $50,000.
Turn it into $2k a month for me - use the least amount of money possible as what's left over is yours to keep.

The Rules:

  • No illegal activity whatsoever
  • Must be postive cashflow - no tax deductions
  • Realistic in our current economy
  • International investments allowed
  • Monthly revenue of $2k can be averaged over the year (for dividends etc)

What I'd do:

I would purchase a website already generating revenue on Flippa of $1.5k or less. Make a few modifications (SEO, cosmetics, run some ads etc) to maximise its revenue potential. It should only cost $10-$12k depending on the life of the site.
Pocket the rest of cash.

What would YOU do? Let's get creative!

Financial

Comments

    • scotty on 24/02/2014 - 22:23
      +3

      Yeah with $50k you can buy one of this first and spend the rest on BitCoins. Profit!

      • onlyletters on 25/02/2014 - 14:15

        not sure if i would spend 50k on that car.

    • danyool on 26/02/2014 - 23:55
      +1

      Don't get me started on time travel!

  • FernandoWho on 24/02/2014 - 21:22
    +10

    Buy women's underwear and sell it as used on Reddit.

  • shortgum on 24/02/2014 - 21:29

    Do betting on grand slam tennis match all the way for Novak or nadal to win until round 16 or quarter final

  • Aneurism on 24/02/2014 - 21:44
    +1

    I'd get myself a shady cloak. Find someone and say heres $40000. Turn it into $4000 a month for me and give them a bunch of rules that they must abide by.

    (these rules that I would give would be top secret like KFC herbs and spices. Although I'd happy sell the secret of the rules to an interested party for a measly $10000)

    Anyone here got a cheap cloak to list ?

    • Aneurism on 27/02/2014 - 23:08

      So much for being creative.

  • No ONE on 24/02/2014 - 21:56
    +2

    Start making porn.

  • [Deactivated] on 24/02/2014 - 22:25
    +1

    Interesting topic but if the idea is at least good or workable, why would any smart person share it here so the rest can just try copying it?

    • forever saving on 25/02/2014 - 10:53

      Good ideas still have risk and costs to execute.

  • JayM on 24/02/2014 - 22:33
    +1

    Get plastic surgery to make yourself look like a star then go be a stunt double for said celebrity.

    Shady man gives you 50k
    Nigerian Prince offers to turn your 50k into 50mil
    ?????
    Profit!

  • Cluster on 24/02/2014 - 22:34

    The only area where I think you could reliably make 4% per month is bitcoin trading. The whole market is bonkers and regularly enjoys 50% or greater price rises within a few weeks and suffers falls just as great. Let's face it, any investment that has to yield 4% per month is very risky so you might as well gamble on something that can potentially yield a large return. Bitcoin has also been known to crash 90% within half a year (mid to late 2011), so buyer beware.

    • redraoh on 25/02/2014 - 16:45

      You could trade the same kind of volatility by using leverage in other markets. Other markets, e.g. stock market probably have more volume as well meaning it's easier to get in and out.

  • sparkles on 24/02/2014 - 22:53
    +1

    Invent Flappy Bird

    • muncan on 25/02/2014 - 00:37
      +11

      How to invent Flappy Bird:

      1. Buy a $10 iOS game template
      2. List it on the app store for 99c
      3. Purchase your own app over 20,202 times in just 1 day (ie. launder $20k to yourself at 30% loss)
      4. Your craptastic app makes it to the app store charts by way of algorithm
      5. Thousands upon thousands of people buy your app without hesitation, thanks to its prestigious location

      http://techcrunch.com/2014/02/19/how-one-scammer-manipulated…

      • ItsMeAgro on 25/02/2014 - 22:18

        First viable answer (if slightly scammy). Congrats.

        • muncan on 26/02/2014 - 00:38
          +1

          Thanks. Show me the money!

  • [Deactivated] on 25/02/2014 - 07:50
    -3

    Place a Keno 10 number bet at $1 a pop 50,000 times, you're bound to to get all 10 numbers eventually and win the million cash price.

    • bargdebarg on 25/02/2014 - 19:44
      +2

      The odds are about 1 in 8.9 million so you would be rather lucky. You'd also waste a lot of time.

  • rickxs on 25/02/2014 - 08:17
    +5

    put it all on the tiges [Richmond] to finish 9th

  • PonyTable on 25/02/2014 - 09:07
    +8

    Loan Shark the money at 10 points per day, be prepared to break kneecaps if not paid back on time, If kneecapping doesn't work then reclaim borrowers assets to cover debt, sell on ebay/crime converters/gumtree etc. Get Underbelly TV series made about you (Use secret identity to avoid arrest or victims of crime barring potential payments) then take cheque from 9 network to bank, profit on top of profit.

  • slow on 25/02/2014 - 09:19

    Post a thread on a bargain hunting website asking for ideas. Pick the best one, and then ask whoever came up with it do to it for you and pay them some commission

    • muncan on 25/02/2014 - 09:35
      +2

      Post comment in thread providing a viable solution. Take $50,000 from shady OP and do a runner.

      • mooboy on 25/02/2014 - 10:01
        +1

        He can't do a rummer, he's slow.

        • muncan on 25/02/2014 - 17:18

          LOL - do a walker then

  • affable on 25/02/2014 - 10:00
    +3

    The closest I've found to what you are looking for is to chase government incentive schemes as they manipulate and distort the market to create opportunities. There is one in particular in NSW at the moment (Granny Flats) but you'd need to leverage on the $50k, and the returns are not as stellar as the 50% pa you'd wish for, more like 15%.

    My best to date are $39k in solar panels in 2010 returning $7500 (20%pa) without any ongoing effort. Better, in 2012 I spent $15k cash (plus probably $15k in my labour) to get a nett return of $9k pa (60%) with minimal ongoing maintenance. Both require landspace so probably don't count?

    • rmamila on 25/02/2014 - 14:07

      Where do you put this big systems? No way to put 2 big systems on roof in one house.
      Unless it's your own primary residence you don't get the advantage. Isn't it?

      • affable on 25/02/2014 - 15:20

        I have 2kW on the roof and 8kW on the ground, however I know of a guy in Canberra that has 30kW entirely on his roof and has made $70k so far http://www.pvoutput.org/aggregate.jsp?id=390&sid=312&v=0&t=y. It all depends on the design of the house. Its easiest on your own residence but also investment properties and businesses can be suitable. The best deals are all in the past, however purchase prices have come down to a quarter of what I paid only 3-4 years ago.

  • forever saving on 25/02/2014 - 10:48
    +1

    Didn't expect this many responses. Cheers for the funny ones and appreciate the serious attempts.

  • apprentice01 on 25/02/2014 - 10:55

    try your hand in bitcoins they have dropped will boom again

    • onlyletters on 25/02/2014 - 14:27
      -3

      BitCoins IMO are at their highest now, they will drop hard soon and everyone who invested will lose big time, same thing will happen to LiteCoins, or it might not lift off at all..

      • iseenya on 25/02/2014 - 19:46
        +4

        So Dogecoins are the ones to go for then?

        • cheng2008 on 26/02/2014 - 18:54

          Dogecoins aren't designed as an investment coin. If you actually want to make money, there's still some money to be made from bitcoin

  • lord henry on 25/02/2014 - 11:03
    +1

    That would be the worst deal ever.
    If you would be able to make money from it, you could easily make considerably more by borrowing the money through conventional means and not having to pay around 50% interest.

    Hell, it even be more cost effective to apply for a bunch of credit cards and withdraw the money that way.

  • peterw1 on 25/02/2014 - 12:43

    even though your expected return is a bit low, just ask eddie obeid i'm sure he'd be happy to help a fellow battler like himself. his return on investment is amazing and he tells me he's done nothing wrong.

  • fchis on 25/02/2014 - 13:17
    +2

    Shares is probably the quickest way to generate that cash flow. The question remains whick stocks to invest.

    • [Deactivated] on 25/02/2014 - 13:49

      If you think you can invest in shares with a rate of return of over 4% per month then you're banking on getting lucky. 4% is a pretty common figure for an annual dividend.

    • congo on 26/02/2014 - 15:29

      Shares is the fastest way to make money, but it is also the fastest way to lose money.

    • Shwayne on 02/03/2014 - 22:34

      Growth yes, quick; don't count on it.

  • Brick50 on 25/02/2014 - 16:25

    invest in bitcoin

  • Diji1 on 25/02/2014 - 19:23

    Rather than buying a website which is fraught with difficulties - namely scammers inflating stats and traffic - you'd be way better off making niche (1 product) e-commerce site(s). Preferaby after reading The Four Hour Work Week by Tim Ferris if you haven't already to get some idea of what you should be aiming to sell and set up. The book is about 15 bucks off Amazon if you don't want to er "obtain it" by other means and well worth it.

    Briefly the process is:

    1. Research keyword terms that people looking to buy whatever use. You can use whatever software or Google KW Planner itself, Market Samurai is a good option. If you're a cheap **** you can download it, use 10 minute mail to get a registration for 40 days and repeat for another 40 days and so on. Go through their tutorials as not only will you learn how to use the application their a good intro to KW research if you need it. You can massively increase the competition filters from their Golden Rules (300,000 is easy to rank, up to 2 million possibly - depends on what websites your going up against).

    2. Find a wholesaler that drop ships the product and or that will ship to a fulfillment centre. Don't pay for white labelling, not worth it. See The Four Hour Work Week for criteria for what you want in a product and how to find wholesalers.

    3. Put up a store somewhere - don't spend too much time on it, this is a test site to see if people buy off your KW. Try Shopify, Square Space or a NopCommerce host if you don't know what to do.

    4. Setup an Adwords campaign that directs traffic to your site. Spend a small amount, say $100 to test traffic that comes from this KW. If you have a decent conversion rate (0.5%+ say) YAY you have a winner. If you dont go back to 1.

    5. Now you can pay someone to setup a proper store ($1500 including CC processing?) or stick to Spotify or whatever you chose above. You either keep going with Adwords traffic because presumably it was profitable to start with and it will should go down in cost over time - or pay for/do yourself SEO to get organic traffic off your KW. Your BIG advantage is that you have a decent amount of capital to start with - instead of buying a website buy a relevant aged domain and point it at your store. With regards to Google this is a huge advantage.

  • [Deactivated] on 25/02/2014 - 19:34

    Ok.
    Step 1. Send me the $50k
    Step 2. "We" market Crypto Currency Training and How to Trade Seminars. Free ***
    Step 3. Book Seminar Location. Book keynote speaker. Book referral scheme with crypto currency brokers
    Step 4. Upsell 10% of attendees for the crypto trader course.
    Rinse/Repeat each month

    Happy to consult on this :-)

  • Mad-Season on 26/02/2014 - 00:16
    +1

    June 2013 me and my business partner took $4000 and started a company doing wholesale with distribution in our local area. Up until now (8 months), We've spent around $25000 (including $16K for a Toyota HiAce- could've bought a cheaper van), and turnover $10-13K per month averaging 30% net profit.

    • mskeggs on 26/02/2014 - 09:50

      How much time is involved?

      • Mad-Season on 27/02/2014 - 13:32

        We work our day jobs, 40 hours per week, plus say 2 hours in the evenings, 5 days a week. We both do a 50 hour week. Combined 20 hours/week on the business.

    • serpserpserp on 27/02/2014 - 13:01

      From those numbers you haven't really turned a profit yet? 25k expenses (assuming your 4k start up is included in that and includes your working cap), 30% net profit on 11.5k per month (taking average) 27.6k over 8 months minus your expenses 2.6k profit for 8 months work.

      • Mad-Season on 27/02/2014 - 13:43

        Correct. The first 6 months we were just starting off, building our client base, building rapport with suppliers and getting our operations and procedures into place. It's only been the last 2-3 months that things have started to pick up considerably. We did not expect to turn big profits from the get-go. I quit my desk job 2 months ago to focus full-time on my business. I can see the business is making money and the money is turning - it's just that a lot of it is reinvested back into stock. The profit tends to be based a lot on the sales volume and throughput which I feel is the nature of wholesale - a numbers game. Starting a new business is always challenging however we seem to have gotten through the first 6 months without too much of a hiccup.

        Got to spend money to make money.

      • Smulder on 27/02/2014 - 13:45

        It would be an unusual profit calculation that considers a one-off $16k capital asset, such as a motor vehicle, as an expense against income. 2.6k net cash flow maybe, but not profit.

        • Mad-Season on 27/02/2014 - 13:49

          Yeah, depends on how you look at it, from which I believe your logic to be more correct than mine. The van was capital expenditure. I'm using the wrong terminology in this instance. If things keep going well give us another 6 months or so and it'll be a different story.

    • JayCeeJay on 12/03/2014 - 16:22

      Any tips on what you are wholesaling? :)

  • Blugok on 26/02/2014 - 09:22
    +1

    Leverage, borrow more money:

    • open a small takeaway coffee shop
      One coffee $2.50, if you sell 100 cups a day, thats $7500 per month
    • shares trading with margin loan
  • Swankenstein on 26/02/2014 - 09:48
    +5

    Single: Spend it on your education.

    Single and dumb: Spend it on yourself, and try to pick up rich men/women.

    Married: Spend it on a vasectomy/hysterectomy.

  • pebee47 on 26/02/2014 - 15:27
    +2

    Is Forever Saving reading any of this? Or have they now written a book on "The many Ways to Make $2K a month with $50k", sold it via Amazon to 200,000 people @ 99cents and now retired to the Bahamas? Cost = zilch; Profit = heaps!

  • congo on 26/02/2014 - 15:31
    +1

    Open a family day care.
    Hire a cheap/old oversea Asian nanny to look after the kids.

  • congo on 26/02/2014 - 15:31

    Buy all the great deals on Ozbargain and sell them on ebay.

  • whoopdeedoo on 26/02/2014 - 17:39
    +2

    put it all in mtgox. oh wait

  • eclaw on 26/02/2014 - 19:57

    This question appears to be flawed
    1) Is there a consequence for losing money? If none = pocket the money and say you lost it
    2) Following on (1), if there are no consequence then the man must be indifferent to whether he gets $2000 or $100/month because ultimately that yields more than negative loss. On that thought, you would have the advantage by say taking a home loan and using the 50k as a deposit. Afterall, you arent technically "required" to pay him anything over $0. You just get a free ride on an interest free loan :)
    3) The cash flow of $2000/month, is there a time frame as to how long that has to be provided for; if indefinitely, this is not realistic in any sense and no answer is sufficient. No investment can return 48% a year (24000/50000) a year in and out eternally. And if we use a time frame where the 2000/month adds up to 50k (25 months); even cash would provide positive cashflow for yourself.
    E.g 50000 today at 2.5% yields = 52531.25 in 24months
    Pay the guy 2000 a month, the present value of that given 2.5% interest rate is 46772.25573 in 2years
    Net profile = 52531.25 - 46772.25573 = 5759

    • muncan on 26/02/2014 - 20:14

      No investment can return 48% a year in and out eternally

      Think bottled water

      • eclaw on 26/02/2014 - 21:49

        I'm not gonna disagree on that one, bottled water are rip offs
        but then, the question was to make it as realistic as possible, you can't set up a bottled water company with 50,000 :(

      • leiiv on 27/02/2014 - 16:05

        Are you saying that Mount Franklin always makes more than 40% net profit per year? And how much does CCL pay for the divident?

    • RedLights on 26/02/2014 - 20:25

      the maximum rate you can charge in australia as a lender is 48% and most payday lenders charge that amount, return can be 48% before expenses.

      • eclaw on 26/02/2014 - 21:47

        Perhaps, but a good chunk of the borrowers would default anyway.

  • Adz81 on 26/02/2014 - 21:18
    +1

    I have an inside scoop on a new product from Firepower Industries… They supply special fuel supplements that will increase fuel efficiency by up to 40%, and completely eliminate any toxic emissions… They're signing multi-million dollar deals in Russia as we speak…

    Completely unrelated side note… Want to see the greatest fraud in Australian history… Take a look at Firepower… Simply mind boggling….

    • [Deactivated] on 26/02/2014 - 21:30

      Candid writer and tech journo Dan Rutter followed this as it was happening. Even got some empty legal threats thrown at him.

      http://www.howtospotapsychopath.com/category/firepower/page/… (unfortunately sorted newest to oldest so you have to start on the last post of the last page and slowly work your way up and backward to go forward).

      • Adz81 on 26/02/2014 - 21:35

        I can remember a local at a pub i worked at, who was convinced that "fuel pills" were going to make him millions… Same guy that told the lass I was seeing that she was an idiot for wanting to buy an inner city unit…

        There's a cracking book by Gerard Ryle called "Firepower" which gives a pretty good rundown of the whole debacle…

  • microsnot on 26/02/2014 - 22:41

    Loan shark (I mean money lender or payday lending) in UK or Japan or somewhere in Africa or Asia.

    http://www.thebureauinvestigates.com/2013/09/05/payday-loans…

    7000% APR is good, right?

  • serpserpserp on 27/02/2014 - 11:16
    +1

    In all seriousness, you should just lease apartments in Sydney CBD, buy a lot of bunk beds and then sub lease each 2 or 3 bedroom apartments to about 6 to 8 international students for about $200 to $300 a week. I know a guy that does this with just two places, but if you could scale it up to about 10 places you could make some serious dough. Probably enough cash to pay someone to deal with all the dramas of sub-leasing.

    I'd just like to say, I don't condone being a slum lord like the idea above. But as I said, I do know a guy that does this to cover his rent (in a separate apartment in the CBD) and a little left over for lifestyle expenses). If you don't care about exploiting people, I'm sure you'll make plenty of dough.

    • leiiv on 27/02/2014 - 16:13
      +2

      If the slum lord clearly explains all the catches and living conditions up front, is it still considered as "exploiting"? I think it is just providing supply to an existing demand.

      • cheng2008 on 28/02/2014 - 19:24

        Of course it's still exploiting, in fact it's worse than exploiting them without their knowledge, because you are saying "haha i'm making you pay out of your nose for a slum and you can't do a thing about it."

  • blackfalcon53 on 27/02/2014 - 15:29
    +2

    Phase 1: Collect Underpants
    Phase 2: ?
    Phase 3: Profit!

    http://www.youtube.com/watch?v=tO5sxLapAts

  • Gdsamp on 27/02/2014 - 21:02

    Ask your accountant if you can register them as dependents.
    Then hide most of your net worth offshore in a complex money laundering system designed to support the drugs trade.
    Then you can pay virtually no taxes, and complain about how awful you think the country is, knowing you're doing as little as possible to help.

  • xgtrboy on 01/03/2014 - 10:29
    +1

    How about investing some of that money into education for yourself, in whatever field you're interested in education will possibly lead you to better job prospects and better pay ultimately. Probably not the answer you were looking for!

  • MITM on 01/03/2014 - 14:23

    1) Go away on an adventure of a lifetime. Spend the $50k on a laptop and living expenses until it runs out. Return home having written a fantastically believable story of tragedy, disaster and survival - don't forget to include a chocolate bar in the story. Sell your story via a media agent. Take a percentage of all reproductions including books, films, tv interviews etc.
    (I still don't believe the "true story" of Touch the Void - there were no witnesses, the perfect ruse) http://topdocumentaryfilms.com/touching-the-void/

    2) Buy singing lessons, buy original songs till you can write your own, hire a rock band, hire a manager, tour.
    Take a large percentage of all earnings. (The Bon Jovi business model)

    • cokatoo56 on 14/03/2014 - 15:56

      2) lol
      yes, singing these days is really easy. you just need to build a chorus around haha and hoho sounds, with some bass in the background, and you got a commercial hit. think of all the commercial singers, rihanna, miley something, beyonce etc…

  • cokatoo56 on 14/03/2014 - 15:58

    one idea is you buy a food business (browse business for sale ads on seek) and resell for profit to another business broker.
    they claim a little cafe, fruits/veggies market, sandwich shop, make up to 900K/year
    lol, there are really 2 economies

    • [Deactivated] on 14/03/2014 - 16:44
      +1

      I'd hazard a guess you've confused turn over with profit.

  • didierhow on 04/04/2014 - 10:18

    To offer some finance perspective on the subject matter,

    $2000 a month in perpetuity (forever), assuming an interest rate of 3% p.a.

    This can be achieved by having (24,000/0.03) = $800,000 up front being invested passively forever at a minimum interest rate of 3% pa.

    So the question is effectively asking to turn $50,000 into $800,000 up front and if you achieve more than that you get to keep the rest. Only high-risk trading and gambling will be able to achieve this kind of amount (16 times the amount of capital). Look for odds of over 16 at any event.

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