There is an old saying that goes “You have to have money to make money.” This is often considered true as well, for starting your own internet business. The web is rife with supposed business opportunities that ask you for large fees up front, expensive advertising networks, and wholesale sources where you have to buy products by the truckload.
While money can certainly help speed you on your way to success with your internet business, it is not necessary. By knowing what you have to spend money on, and wasting none on anything else, you can become successful online. Below are the three major points of the poor man’s guide to starting an internet business.
What You MUST Spend Money On
If you want to have a successful internet business, there are two things that you must spend money on. The first is a domain name. That is the website address that people will type into their browser when they want to go to your site. The other is website hosting.
It is possible to get free hosting for your website business and to get a free subdomain name as well. This is a bad idea, however. Free hosting often includes advertisements placed on your site, or as pop-ups, by the hosting company. This will make your business website look very unprofessional. Also, a subdomain will include the name of the hosting company itself, which will detract from your internet business name.
Do not worry, however, because a domain name only costs about eight dollar per year, and you can get very inexpensive hosting for under five dollars per month.
Stuff Other People Waste Money On
There are a million things that you can waste money on when starting an internet business: informational ebooks, search engine or directory submission services, business opportunities or work at home schemes, and many others.
All you need to start your own internet business is an idea and the knowledge to make money with it. First, you must decide what you want to sell: products or services. Then you must figure out how to get your offer in front of people who are interested. You can find out how to do this by reading internet business free ebooks, articles, and message boards. Don’t pay for information on the internet.
Getting What You Need For Free
The greatest need of every internet business is targeted website traffic. That is the “getting your offer in front of interested people” part of it all. While you can put money into search engine positioning campaigns like Google Adwords, purchase links on websites, or pay submission services, you just don’t need to.
Submit your site to free directories to get lots of backlinks. Include your internet business link on discussion forums and in blog comments. Write and distribute topical articles about your business topic. These will bring you the best targeted traffic you can find.
Starting an internet business does not have to be an expensive proposition. While money can help with advertising, learning tools, and product, there are many ways to get into business without out. These three points in the poor man’s guide to internet business will help you realize what you have to spend money on and what you can get for free