Poor And Want To Start An Internet Business? Get A Job.

by 61 replies
One of the most common questions I get asked by the people is

"I don't have anymore money to pay you, how should I get my business started?"

Here is the answer.

Go get a job, save as much of your paycheck each month as you possibly can, and then when you have the money it takes to create an online business the RIGHT way, THEN start it.

You will never get rich buying a $5 WSO that promises to teach you a secret method that will make you a millionaire.

It ain't going to happen.

You have to spend money to make money, bottom line.

Whether that is in start up costs for web developer, copywriting, etc or traffic like pay per click ads or SEO, YOU HAVE TO SPEND MONEY!

And if you don't have the money to spend, then you can't start an internet business.

Stop trying to look for the cheap and easy way to do things.

Not only will it not actually get you any results, it will just be a flat out waste of your time and effort.

If you don't have money to invest in QUALITY services, don't invest at all.

Wait until you can afford it, then go for it.
#main internet marketing discussion forum #business #internet #job #poor #start
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  • Profile picture of the author DavePipitone
    I agree - you have to invest money and time to make an online business succeed. Trying to escape reality will only make you poorer.
  • Profile picture of the author yukon
    You assume your way is the only way (RIGHT way).

    CliffsNotes: Self promotion thread.
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  • Profile picture of the author quadagon
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  • Profile picture of the author dale2811
    I definitely agree

    You need some seed capital to get started and to pay for some of the necessary tools, some of which have monthly costs such as hosting, autoresponder, domain registrations which have a yearly cost.

    If you decide to do any paid advertising which can fast track your traffic generation, then that will eat up a chunk of you capital. But of course it can bring in faster cash generation if you have a good funnel setup.

    Freelancing on sites like Fiverr, Upwork, and any of the plethora of freelancing sites can be one way to generate some cash.

    Sure you can do free traffic generation, do your own web development, your own SEO, copywriting, content creation, etc. but is that the best use of your time.

    Are you willing to wait for the free traffic, SEO, to learn effective copywriting, spend hours on content creation, and other activities that you can learn & do yourself?

    I would also say that you need to stay focused and laser in on one or two business models and don't get caught up in everything that you could do.

    I heard a great mentor recently say that the person who chases two rabbits catches neither.

    When you look at how much it costs to start any brick & mortar business and any chain like McDonalds, then the few hundred that it takes to start a legitimate IM biz is peanuts.

    Finally I would suggest to save some cash for coaching.

    Everyone who I have seen that is successful in any type of online business has had coaching, and most didn't become successful UNTIL they got coaching from a coach.

    Cheers!
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  • Profile picture of the author talfighel
    My mentor said this and it is very true:

    It takes money to make money.

    You have to invest money into your business if you want to make it work.

    If you don't want to risk this money, online business may not be for you.
  • Profile picture of the author MrVictorWilson
    It's of course, everything has its cost. So choose the best way for yourself.
  • Profile picture of the author Marian
    Actually you can buy $5 WSO - but the difference would be to apply what you learned and then invest some money to get the traffic.

    Marian
  • Profile picture of the author Ratamok
    It is interesting how people want to make money online without investing or without risking some money. The thing is that a business is a business, online or offline and there is always risk involved.
    One should think how much does it cost to create online business comparing to the cost of creating regular offline business (there are costs of renting an office, maybe some employees, all the permits.. etc).
    So act and posture yourself like you are a businessman solving some problem for others. If your target is to be an affiliate of some product. Get a domain, write a blog around the product that will represent added value for someone who is looking for a solution. Build strong fundation and only then reward from your buyers will come.
    All the courses are giving this message between the lines.
    I hope that helps someone.
  • Profile picture of the author Cloopi Mart
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  • Profile picture of the author Paulk59
    As a new person just trying this out, i fully agree. Education first, then make sure you have the money to work on it.
  • Profile picture of the author DeadRooster
    Originally Posted by Alex Antoniazzi View Post

    You will never get rich buying a $5 WSO that promises to teach you a secret method that will make you a millionaire.
    I would also like to point out that the people who keep creating these cheap WSOs targeting the broke and desperate are building a very difficult business for themselves.

    Your customers are broke so you're not going to make much money unless you keep your nose to the grindstone developing more and more cheap WSOs.

    It makes a lot more sense to target people with money into your funnel and then ascend them to higher and higher levels where they're buying your more expensive (and, hopefully evergreen) products.

    Do you really want a business where you're forced to keep producing crappy reports and videos all the time?
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  • Profile picture of the author kocher79
    I used to buy countless (cheap) information products just to find out later that with a little research most of what was taught in those courses could be found in free literature or online. I learned that the really good services cost a lot more than a few bucks, but are definitely worth it in the long run.
  • Profile picture of the author Joshua Young
    It takes money and time. A little money and a lot of time or a lot of money and a little less time.
    • Profile picture of the author quadagon
      Originally Posted by Joshua Young View Post

      It takes money and time. A little money and a lot of time or a lot of money and a little less time.
      Neither of which are guarantees.

      I know people that have slogged for 30 years and are no better off than they were and I've seen millionaires go bust in business.

      There's a myth that money guarantees success.

      Ultimately a bad idea is a bad idea whilst a good idea poorly executed can't be saved by throwing cash at it.

      From what I can see a lot of people who evangelise about coaching and investing in yourself have an ulterior motive.

      Of course it's a good idea to have seed money but it's not always necessary and sometimes having too much money can be counter productive - especially when you are not putting it into your business but are feeding someone elses family.

      Just because a lot of this is online don't forget it's still a business (even if it's a side hustle). Treat it like that, get all the free advice you can from business hubs and government initiatives.

      Make use of your library and second hand book shops and learn about business, marketing and advertising.

      If you can't do that look at Amazon and see what the best books are then Google the author and look for videos and podcasts.

      Keep that 2k in your pocket for your business.
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  • Profile picture of the author pam2011
    I agree with what has been said above, but i also feel for those people who want to start a business but don't have the cash to do so. And telling them to get a job is ofcourse the easiest thing to say to them, but there are also many people who are unable to find work, despite trying their hardest.
    For those people i find the advice on here completely counter productive.
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  • Profile picture of the author The Author
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  • Profile picture of the author Jason_prz
    I agree wholeheartedly, but I also I believe that you some amount of money management skills (cashflow wise) is needed to too. Numerous times I started projects with too much credit card depth and in a lot of cases; it caused me to fail. Understanding your cost and sticking to you budget is ultimately one of the best skills to learn or habits of a successful business.
  • Profile picture of the author MValmont
    I didn't spend money (spent less than $50) to get started,

    No idea what this guy is talking about.
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    • Profile picture of the author Regional Warrior
      Originally Posted by MValmont View Post

      I didn't spend money (spent less than $50) to get started,

      No idea what this guy is talking about.
      Its not about you and the OP is a very successful marketer so next time research !!
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    • Profile picture of the author discrat
      Originally Posted by MValmont View Post

      I didn't spend money (spent less than $50) to get started,

      No idea what this guy is talking about.
      Quite simply.... people with the mantra "if I can't do it this way then NO ONE can do it this way."


      Although I have to admit for the most part the OP is right. Particularly to newbies who think this is a get rich quick scheme. He's right , it's not

      But there are plenty of people who "paid" with time and work and NOT "paid" just straight out money to have successful online businesses
    • Profile picture of the author TrickyDick
      Originally Posted by MValmont View Post

      I didn't spend money (spent less than $50) to get started,

      No idea what this guy is talking about.
      I have to agree with you....

      You can definitely "bootstrap" an "online business."

      The MASSIVE trick is....

      You need to do something very, very, very few people want to do....

      That is....

      Work!!!!

      Sure, you may need some money to get started.... depending on what specific online business you choose to start.

      But, I haven't seen many people succeed by only plopping down cash... You need cash + work...

      Without work....

      You're going to spin your wheels.
  • Profile picture of the author Angel Kaylish
    Sell a service on fiverr to use your earnings for start up capital.
  • Profile picture of the author Regional Warrior
    One of my old students used to deliver take away for $20 and hour and would work about 20 hours a week so he could cover the living costs and did the IM during the day with me for 4 days and he went on the make a career in web development but one of the biggest things I would ad is that you need a plan and stick to it

    Jason
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  • Profile picture of the author AventadorDreams
    I disagree. You can start an online business without a budget & profit today. Your mind works really bad when it's comfortable l did some of the dumbest investments when I had a job. But that's just me everyone is different.

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