Advice on best way to start with $50?

14 replies
Okay so I have $50 dollars as a initial budget to start my online business. I was thinking of starting a Facebook fan page and driving traffic to a niche site and build a email list as well as do affiliate on the fan page and website after a while I would like to sell the site. My other plan was to start my authority site for self confident/motivation, but I know an authority site will take longer before I receive any type of income and building a audience.I eventually would like to build the authority site, but I do would like to earn money to invest more in my online business. I do have a job but its not giving me the money I need to make a big investment. Thanks for your replies and cheers!
#$50 #advice #start
  • Profile picture of the author Mrnace
    Yeah, get the website up and running, the only things that should cost you money when setting up is your domain, hosting and email service (aweber, mailchimp etc).

    Write a blog, share on your twitter, fb page, google+, where ever, writing at least 2 articles a week.

    The traffic will be slow and steady, but will come eventually.

    Don't forget about guest posting too, I have never done it, but its as important as sharing social media to get traffic.

    Can you imagine doing a guest blog of Tim Ferris's 4hww blog and how much traffic that would generate for your site?

    Just make sure you write great content, use the right keywords, linking to other posts in your site and have awesome headlines with good use of video and images.

    Now go!!!
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  • Profile picture of the author Shem MD
    try to get free traffic from reddit and pinterest, i use it myself and work for my blog too... the quality of thoose site is great..
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  • Profile picture of the author Alexa Smith
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    Originally Posted by ValueNick View Post

    Advice on best way to start with $50?
    Borrow another $10 and try what I did (I needed about $60, to start it all off, as I remember): http://www.warriorforum.com/main-int...ml#post9267905

    .
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  • Profile picture of the author forous
    Try setting up gig on fiverr.com. Focus on gigs that you can package and deliver in a pdf or a service that takes a few minutes to provide. If you spend an hour on a service with no up sell, then you are being paid $4/hr because fiverr takes a dollar off and paypal will also take a little bit.
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  • I suggest building your site with that 50$ and find another source of income to feed your business. You need to invest money to make back money or at least break even at these startup and trial phase.

    Dont quick your day job just yet and really map out a good sales funnel while building your list.

    Joe
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    • Profile picture of the author kilgore
      Deciding on what business to run isn't like going to the store and trying to find a nice shirt you can buy for for $50.

      Forget about your budget -- at least for now. First think about and develop a plan for the type of business you're most likely to be successful in. Only you know what your talents, skills, abilities and interests are. Once you know what you want to do and have a basic idea on how you're going to do it, then do a budget check. If you can do what you want to do with $50, great. Go to it. But if you need $500, $5,000 or $50,000 to do it, then figure out a way to get the difference, modify your plan or form a new one. Budgeting is important, but it shouldn't be the primary factor when deciding on how to start your business.
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  • Here is another idea, get yourself a domain, hosting, and an autoresponder (GetResponse is free first month). Buy yourself a PLR in your niche, and give it away in exchange for their email. Start building your list. Once on your list, you can continue bringing free value to them via email, while sprinkling your affiliate links on it.

    You can build traffic via Facebook, Twitter, Social media, and most importantly forums. Go into forums and contribute to the discussion with valuable post. Gain a reputation for giving great value. And if they allow you a link in your signature people will wonder what you are doing and click on your link. If you have the right free offer, they'll opt in.
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    • Profile picture of the author ValueNick
      Originally Posted by rankingspecialist View Post

      Here is another idea, get yourself a domain, hosting, and an autoresponder (GetResponse is free first month). Buy yourself a PLR in your niche, and give it away in exchange for their email. Start building your list. Once on your list, you can continue bringing free value to them via email, while sprinkling your affiliate links on it.

      You can build traffic via Facebook, Twitter, Social media, and most importantly forums. Go into forums and contribute to the discussion with valuable post. Gain a reputation for giving great value. And if they allow you a link in your signature people will wonder what you are doing and click on your link. If you have the right free offer, they'll opt in.
      So when I purchase the domain should the website just be the landing page for the email opt in or should content be posted on there as well?
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  • Profile picture of the author Tom Addams
    Here's what I think...

    50 bucks is not much - but it's enough.

    Let's assess what it can buy (not necessarily all at once):

    - Hosting
    - Domain
    - Wordpress Plugins
    - Premium Wordpress Theme
    - Automation Software
    - Offline Marketing Materials (flyers).

    Up top - just a few things.

    Big question... Should you invest in traffic?

    Simple answer... NO. FREAKING. WAY.

    I almost feel like jumping on a plane and, every time you go near that PAY button on FB, pushing your mouse away.

    You have a ton of choices (my head is literally spinning with ideas) but let me give you the general idea. We can take it from there if you like (you know, get more specific).

    Use that 50 bucks to make more, fast money, and reinvest the bigger amount into something bigger. Authority sites are great (I have several). What you want to be doing right now is thinking of how to turn that little bit of money into a bigger chunk for a bigger project. This short-term project doesn't have to be a passion project or even something you're be doing 2 weeks from now. What you need is to flip that 50 bucks for 500 and then 5,000.

    Finally... 50 bucks is no amount to invest for media buys. And I don't say this to be a git or anything. Just being honest because i want you to do well. I can spend 50 bucks literally in 5 minutes when testing new campaigns.
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  • Profile picture of the author BWHadam
    here is what you can do with $50

    Buy an old brandable domain name and resell it at good price - you can pick it up at dp forum
    Buy a pr 1 blog and sell blog posts on it - use microworkers.com
    Start a blog and spend $50 to train yourself.


    cheers!
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  • Profile picture of the author ddev
    I'd Launch a Product with Affiliates.

    The $50 would go to Domain ($10), Hosting ($10), Aweber ($1 First Month), and you still have $29 for something else (maybe a theme to build your site).

    I think you have more than enough

    Comment: There are tons of threads like this but seems that it's always a temptation to participate on a new one

    Best of Luck.
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  • Profile picture of the author Carsten Tiensuu
    Create a squeezepage on Aweber or GetResponse (Aweber is $1 first month Getresponse free for 30 days)

    Find a freebie offer for your list, perhaps on Resell Rights Weekly, where you can get a free membership, and begin to drive traffic to it. (I´m not affilated with this program)

    The traffic I would use that are completely free to use is Facebook notes (effective as h...) and also set up some Google alerts, so the info in your niche comes to you and you can be the first who comments on other peoples blogs and videos so you get the first massive traffic to your squeezepage.

    When they opt-in you can send them to a related cpa offer (Zip, email, phone submit) and earn money right away, when people opt-in....hope it helps...this can be done with $1 investment...

    You can see traffic within a few hours if you know how to do it...
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