Starting an Internet Business on a Budget


Submitted by Marie Byrne | Category: Business | Published on Nov 30, 2007
 
Abstract:
A general guide to those who wish to start an online business with little or no budget

I sometimes meet new Internet marketers on various forums, and they want to earn a decent living online, however, most of them have only the slightest ideas on where to start, and most are not willing or able to invest much money in an online business. Trouble is, it is almost impossible to start an Internet business without spending some money. Thereís web hosting for a start.

However, hereís a rough guide on how to build an Internet business starting with nothing. If you have no money to start off your online business, you can earn some capital using your already existing skills or knowledge. You can give tuition to students on your best subject in school or college, you can teach others about your hobby, you can write guides on knowledge or skills you picked up through experience that canít be found in books.

The first thing to do is make a list of your skills. What skills do you have? (What do you mean - none? Of course you have!) If, for example, youíve been running a home for the past few years, you have skills in organizing, (trips, parties, healthy lunchboxes etc.) childcare, budgeting to name just a few. You might also (perhaps through your job or from your hobbies) have an interest in languages? It is vital to list skills or knowledge that you have and that could possibly be in demand by other people. For example, letís say you love fly-fishing and you do it every day after work. You could build your Internet business on writing a guide to fly-fishing.

There you are, that wonít cost you a cent! Maybe youíre good at writing stories or were good at essays at school. Copywriting is a very useful tool, and good copywriters are always in demand. There is always some mundane job that people don't want to do, but maybe you can do it. One personís mundane is anotherís exciting! Another way to go is through affiliate marketing.

Many internet marketers start out this way, and many of the really successful ones keep doing it. It can pay really big dividends Ė if you know where and how to advertise. It works on the principle that when you get someone to sign up under you, you get paid a certain amount if that person buys the product being sold. If itís a paid membership site, you get paid a percentage of those membersí monthly fees for as long as they remain a member. You can be a member of as many affiliate sites as you like, so you have the opportunity to make a very good living this way, so go for it!

 

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