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

I agree - you have to invest money and time to make an online business succeed. Trying to escape reality will only make you poorer.

You assume your way is the only way (RIGHT way).

CliffsNotes: Self promotion thread.

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!

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.

It's of course, everything has its cost. So choose the best way for yourself.

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

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.

As a new person just trying this out, i fully agree. Education first, then make sure you have the money to work on it.

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?

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.

It takes money and time. A little money and a lot of time or a lot of money and a little less time.

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.

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.

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

No idea what this guy is talking about.

Sell a service on fiverr to use your earnings for start up capital.

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

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.

Remember these three key steps about building any business plan.
1) KNOWLEDGE
2) STRATEGY
3) EXECUTION
you do the steps in the order specified and must complete all 3 not missing out a step.

I refer you an excellent article about
A Framework for Business Success: KSE
see the article here.
http://www.betterbythought.com/frame...s-success-kse/

To give you a peg up on the Knowledge front try the excellent free training provided on affiliate marketing at https://www.affilorama.com/

hope this helps

I believe its your time (and will) what matters the most, not the money. Anyone can afford a domain and web host, I don't see that's a problem. Having lots of initial cash can't minimise your learning curve, instead you can burn out cash very fast if don't know what you're doing such as hiring a bad web designer or bad PPC campaigns. Having a good website and quality content is a must--which can't be done overnight. I suggest only spend the money you earned via free traffic.

Having lots of seed money can be counter-productive. I am telling you from my experience. I was under the impression that people would build a business on my behalf because I have had cash. I was completely wrong. I was hit bad. Even I had to sell one of my houses. But, its me. Some people can handle cash nicely utter from the beginning. So, my suggestion is that if you have cash its good but don't be arrogant, be very frugal, don't spend until you absolutely need it and stress on your hardship, you will be successful.

You mean I just wasted $5? The Humanity...

The first WSO I ever bought five or six years ago cost $9. I didn't follow it exactly but the ideas and info. helped me make many thousands.

Some people will succeed starting from zero. Others will fail with millions to spend.

It's about the individual...Period!

It takes money to do virtually any business venture. I see a job as a means to an end i.e. to fund my business venture (as well as to pay the bills etc.).

i agree with you.for become a marketer or successful in internet marketing any one must have money for investment.

There are a lot of comments in this thread using phrases we've all heard before "it takes money to make money". Another phrase you're familiar with is "time is money" so the principle is the same. The difference is on the one hand you can put in the time to make it.

A lot of online business models can get started with little capital, however you will need to settle on a business model that you can stick with and reinvest when you do begin to earn a profit.

Before diving into an "online business" you will need to know what your initial investment costs will be and this includes time to become educated on the model you will be using.

The biggest problem with IM is turning off all the outside noise, avoiding distractions, and staying focused on your business for the long term

Best of luck

I agree. You may find out a couple of tid bits with WSO's but it won't make you rich by any means.

Does it really "Take Money to Make Money"? Think about it. Suppose someone named Jack was out of work and have been looking for a while with no luck, so he turns to the internet. Particularly, Clickbank which will cost him zero to start. Jack already has a facebook, twitter and linkedIn account because he's been networking in hopes of finding a job.

In between applying for job openings and going on interviews, Jack starts learning about promoting some popular clickbank products on social media, at zero cost of course. Then he goes over to blogger.com or wordpress.com to set up a free blog and monetize it with some clickbank offers. He learns about creating YouTube videos to promote more offers.

Bottom line is, if Jack does this consistently for 12 months, my guess is that he would have built up a nice amount of followers on social media, interacted with his guest through his blog, and made some clickbank sales during this process.

So, when you have more time on your hands than money, I'm gonna have to disagree that it takes money to make money. Even though it will take longer to make a sale, it can still be done and will actually be more profitable in the long run.

Money begets Money and too many people want a free ticket to millions.

You need consistent cash flow first, namely a job, and then save enough money to buy/invest in a reputable and results proven service or product. Nothing happens overnight and due your due diligence before investing in any business opportunity. Do not invest in recruitment-based programs or MLM's. Stay away from the latest pills, potions, creams, etc.

I agree that you need money to earn money. However, spend the money on PAID TRAFFIC, don't give it to some "expert guru coach master".

There is plenty of free information on how to build a website, do SEO, and set up a funnel.

I agree. While a $5 WSO could give you the knowledge and lead you to achieving some noticeable results, to become big you need time, money, dedication and persistence. I know people that've been falling for those hustle porn offers that got them nowhere. If you need money quickly, get a job somewhere locally. Save up, do the research and start slow but steady.

I agree, there is a reason why sayings like " It takes money to make money" exist

I started making A LOT of money on Fiverr..

I didn't invest $1 into that..

It's all about having a service that is in demand OR has already been vetted by the users as being a "need" that hasn't been fulfilled elsewhere..

When you do that, you can make A LOT of money without having much startup funds (or any)..

Now will it take 10x longer - YES!

But that's the name of the game.. TIME or MONEY.

If you have a lot of time then you don't need as much money. If you have a lot of money then you don't need as much time. But it will always cost some combination of time and money to build a business.

If you want your business to be booming in a week or a month then you'll need a lot of money to make that happen. If you're willing to be patient and wait months then you can get going for almost nothing.

I agree with this post, i notice most individuals want to start internet marketing by buying a $5-$7 WSO Product and expect to make $10,000 monthly as these WSO's usually promise. That is not going to happen! You have to invest some money by finding a guru in the market, and get 1 on 1 coaching from him or her.

I'm a little confused by this. Are you saying your clients can't afford to pay you, or that you can't help them be successful?

Maybe you're just targeting the wrong prospects.

I totally agree with you, if you don't have money to invest or buy something then wait until you do.

Not to mention that you ARE going to lose some money while starting out and testing your funnel.

You need to be able to spend some extra money on the beginning while you're starting out your ads and everything, until you get a high conversion rate.

What's your recommendation if I earn $20000 now? Thanks!

Getting a job and selling labor, time and experience is the most profitable business most people will ever start.

As Robert said, the good news is you can start a service business with little money and get clients quickly. It's one of the best ways to start bringing in money fast. But it does require work. There is nothing passive about this method. Trust me, I know. Learn a skill that people need.

Also, you can start publishing on Kindle for little cash upfront. However, even if you start making sales right away you won't see a check for a few months. In the meantime, you still have rent to pay and groceries to buy.

This is why having a job helps when you're starting a business. You can then reinvest the money you make in the business instead of using it for your day to day survival.

However, we all take different paths. In the end, everyone should do what works for them.

Rose

It's harsh but true, I always find it difficult trying to explain to someone why they can't expect to spend nothing and make a living. I'm curious if the same people would try to start an offline business with no capital.

Do Freelancing, like seo, and content writing and earn money to start own business.

Its true, being in this industry for 5+ years i have experienced this kind of situation. And after great struggle and investing both time and money wisely i have achieved my dream life