7 Tips On How To Start An Internet Based Business On A Budget
If you are eager to look at the opportunities that starting your own internet based business can provide but money is a problem that doesn't have to stop you from getting started.There are ways to run an internet based business with little or no money until you are earning an income from it.
I recommend that when you start out this way you make a commitment to put back all the money you earn into your internet business because you cannot survive on free or low cost forever!
1.Start a blog and add advertising on it.
This is the easiest way to start an internet based business if you have little or no budget.You sign up at one of the many free blog providers and add advertising to your blog.
A low cost option is to buy yourself a domain and some hosting and run your blog from your own server.This provides you with more flexibility and with a domain costing $10-15 a year and hosting $50-90 a year this is still very low cost and so will suit anyone looking to start an internet based business on a budget.
2.Affiliate Marketing
You can sell products on behalf of other people and receive a commission.
This is called affiliate marketing and you do not need to buy anything to do this.You simply register to become an affiliate and use your blog to promote the products by reviewing and recommending them.
3.You can write eCourses, Special reports, booklets
People love information and if you can provide information that really helps then they will sign up to receive it.
Again this can be done using your blog to save you needing hosting or a domain.You write a brief eCourse and then give it away or add it to your blog.In each of your lessons you recommend an affiliate product worth buying.When you do that and someone buys you get paid
I just want to add here that in writing your blog you should also focus on providing value.
No one wants a blog full of 'buy this' stuff so make an effort to provide information and content worth reading.
4.Open an eCommerce Store
If you are creative and have a logo or design you would like to see on tshirts this is a great way to do it.
You are given a free store and you add your image to different products including clothes and household goods like mugs, clocks etc.
5.Create your own social network
Social networks are hot right now because they bring people together.
You can start a free social network and invite people to join.You can include affiliate products on the site and include advertising too.Running a social network means you are also building a list of names and address.You will be able to email everyone that joins and send them information about affiliate products you recommend.You have to build trust with your network before bombarding them with emails about buying stuff and if you build trust first this becomes a great internet based business to start on a low budget.
6.Creating audio and video podcasts
People love audio and video.
You can start an internet based business on a budget by creating audios and videos then uploading them to your blog.Again, you can promote products and video is a great way to sell more affiliate products.For example if you are selling a piece of software, if you can show people how easy it is to use it in your video with a link to buy it that will be your affiliate link people are more likely to buy.
7.Running a membership site.This is a low cost option rather than entirely free.
You can enhance your blog (that must be hosted by you) by adding a membership site.There are tools available that you plug in to your blog that let you set up membership site features or you can buy a membership software solution.Doing that allows you enjoy a monthly income from paid subscriptions.If you charge $9.97 per month and 100 people sign up that is $997.00 every month!
There are many ways to build an income online and you need to spend time deciding which one works best for you.You can actually use a combination of all seven of the tips I have provided because you are not limited to just doing one or the other.
My recommendation is that you host your blog, find out what people want and write about it, sell affiliate products by writing and by creating videos.If you have a lot to say and some valuable information run a membership site too.
Starting an internet based business on a budget is possible and not having loads of money does not have to stop you from getting started.
About the Author
Online business building for mothers provides free videos, audios and special reports on how to start and run an internet based business.
Visit http://www.blogpodcast.net
Relaited Links:
- Professional Partnering The Key To Effective Growth For You and Your Clients
- The Right Way to Measure Your Customer Experience
- Can You Tell Me How Affiliate Marketers Use RSS Feeds To Make Money Online?
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