Whenever you are embarking on a solo journey as an online entrepreneur, finances may be at the forefront of your concerns. Traditionally, starting your own business required you to think about things like franchise fees, rent for a space, employee overhead, and the ability to afford physical stock of a product.
But on the Internet, these issues do not exist. Depending on who you follow and who you choose to learn from, you may feel stressed about the financial aspect of launching an online business.
According to some misguided or unethical teachers, you should max out your credit cards and go into massive debt to the extent of even taking out a second mortgage in order to afford your dream.
These people prey on desperate individuals and take their hard earned money that they can’t afford to lose in exchange for overly priced courses, coaching, and tools. Does this mean all high ticket items are worthless?
Of course not. There are many marketers who tout products that can truly provide a worthwhile education in your marketing journey. However, it is never wise to spend beyond your means in order to secure these things.
There are viable options that don’t include spending a small fortune that you can’t afford. The truth is, you can implement a $0 to minimal spending investment to get started online as an entrepreneur.
You can invest in a domain name for as little as $12 or under – even as low as $0.99 with a coupon code. You can also get hosting for under $10 a month, sometimes even under $3 a month if you pay for several months in advance.
You can choose to use free blog themes and create the content you use on it yourself, such as product reviews that you use as an affiliate. You can also create your own info products if you want to be a vendor.
When it comes to graphics, such as eCovers and slide presentations, you can create those using free tools and images on sites like Pixabay and Canva. Can’t afford Camtasia for video editing?
Use the freeware version called CamStudio. If you find something that you need, but which is outside of your spending limit, consider providing services for someone else on the side to earn the money for it.
This could be some sort of administrative task, affiliate management, content creation, or graphic design. You can also barter with someone else if they have knowledge that you need, but can’t afford.
If you still find something that you want to purchase, but you are unable to work for or barter with someone else, just save up for it over time. Give up small luxuries in your life until you have the funds to secure the item you want, but don’t stop just because something has a price tag.
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“Make Money Online” Resources/Tools – Product Review Site