The first thing that I always wanted to know when starting a business was, how much is this going to cost me. I never wanted to make too big of an investment just in case I went belly up. Call it fear. In reality some investment is necessary, especially an investment of your time.
There are so many free tools out there on the internet that there is no need to invest a large sum of money when getting started online.
When I took my first business planning course at Algonquin College in the 80's the main purpose of the exercise was to see if your business could go bankrupt before you started. I always remembered the professor saying NEVER invest more than $5,000 in start up costs.
This was for an offline business back then. I would never even think of pouring that kind of cash into my online business. Well, not in the beginning and I can't think of a area where I would, truth be told. Besides that I think my wife would kill me.
The main examples they used at the time had to do with the restaurant business. You see, it was very hard to make money running a restaurant back then and it still is today.
Well, we're not opening a restaurant but instead looking at ways to earn a living in the online world without having to make an investment. At least the minimum monetary investment as possible. You may be asking if this is even possible or if it can happen for me. Sure it can but it's neither easy or going to happen fast.
First thing you have to do if you're serious about building a business is having a website. You just can't be in business in the 2
1st century without one. How much does it cost? In keeping with the theme of this blog post, it is free to get started. Where do I go for that. If you have a name for your business and want to try it out, you can do so here.
Being a member of Wealthy Affiliate is the easiest one stop shop there is to get an online business up and running without an investment. Most everything else will cost you money so this is my #1 recommendation.
Monetize your site
- I use Google Adsense
- Amazon Affiliate
- Commission Junction
- Link Share Rakuten
These are all the affiliate sites I use to monetize my site. They are all free to join but keep in mind you have to be approved before you can use their banners or text links to advertise and make money fro your website. This is really exciting stuff. Probably the most exciting part of having your own website when the money starts rolling in and it will.
I'll never forget the day when someone bought a book from my Amazon account and I earned my first dollar from that sale.
Once people click on any of your ads you will make a commission, how much depends on the fee structure that the particular company offers.
At the present time I am generating income from Amazon sales, currently I earn 6% and it gets paid out monthly once you reach $100 in commissions.
Here is a screenshot of what is happening for me here:
The first place I applied was to Google AdSense because it's easy to apply. They do want to see traffic so wait until you have a good amount of content on your site before you apply. This will save you the hassle of having to reapply later after being denied.
Below is an example of a Google Adsense ad in large banner form. I hope this helps. You've probably seen a lot of these as you surf the net for information.
Keep it Simple
So for earning an income online without an investment you just need to follow these steps:
- Choose your business name (website)
- Use site rubix to build your site for free
- Write content
- Monetize your site
You don't need to complicate things anymore than that and it's all I have done to get started. As time goes by and you feel more confident you can start developing and marketing your own products and services.
Keep this in mind
- you don't have a business without a website so build one
- build one for free you don't need to spend a lot of money
- you need to sell and promote products and services
- monetize your site as you publish and create content
- know what your customers want
- build a business you're passionate about
This can happen for you and you can get started on building a life you want and best of all being your own boss. You can do this!
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