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How To Run Your Internet Business On A Budget by letitrainnow(m): 9:56pm On Oct 20, 2020 |
Is running an internet business expensive? This is a question I get a lot from my customers and readers. Surprisingly, the business model that I use and teach others (digital information products and email marketing) is one of the cheapest internet business models around! (Check my signature for an important update that will boost your business today!!!) Here's a break-down of what goes into running a simple digital info product business. A domain name around $10/year. I love Namecheap for my domains. They have free WHOIS protection too. Web hosting - $5 ~ $10 per month. You can get hosting from Namecheap as well. An autoresponder $20~ per month. This is a must so you can collect your customers email addresses and send them emails. I use and recommend Aweber or Getresponse. A web page builder - around $30/mth, or $47 one time approx. I use and love Convertri but it's a little expensive and totally not essential for beginners on a budget. There are cheaper ones like WP profit builder which works with Wordpress. Or you can search and use some free WP landing page plugins or themes out there. Shopping cart - I like Selar but there are a ton of cool shopping carts out there now. You usually pay a small percentage of each sale you receive to your shopping cart service. Tracking - This is optional but I highly recommend you track your ads/traffic. You can't go passed Click magick for quality tracking. $20~30/mth So those are the general costs associated with running a digital info product business. A rough total, you're looking at less bare bones, around $30 per month (hosting and autoresponder) to run your biz. Wow. And if you want to really splash out and get the whole hog... then it'll cost you nearly $100 per month. That's it! Just $100 per month in overheads. Where else in the world can you run a business for 100 bucks a month or less? That's the beauty of the internet. If that doesn't make you grin from ear to ear, I don't know what will! Now the rest of the stuff you need... Content, products, graphics, ads/traffic, these are all necessary too.. But if you put in lots of elbow grease, you can create content (products) and get traffic without any cost whatsoever. Yep, free. It'll take you time and effort (blood sweat and tears) but if you don't have a budget, you've got no other choice really. Graphics and fancy software for videos, webinars etc, well, they're cool and great to have, but aren't 100% essential. Once your biz is making money, then you can invest in software and other tools to save time. So there you have it.. You don't need a huge budget to run an online business. The most important thing you need to have is time, and hustle! (Check my signature for updates). Best of luck building your business, Regards. |
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