More People Being Priced Out Of Internet Marketing?

84 replies
With the price of everything else going up are more people being priced out of Internet marketing?

And what advice would you give to newbies who want to jump in the I. M water -But have limited funds. Is there still a place for them in your opinion or have they missed the boat?

Anymore no or low cost ways to get started you'd recommend?
#agree #disagree #internet #marketing #people #priced
  • Profile picture of the author Joseph Robinson
    Banned
    People aren't being priced out of IM at all. Its just that people are coming into the business expecting magic, instant cash flow with ZERO investment. For the billionth time: ITS NOT GOING TO HAPPEN.

    To newbies I would give this advice: be prepared for an investment of time AND money. If you are short on cash, offer services to get the startup capital needed.
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    • Profile picture of the author Scott Kennedy
      Originally Posted by Joe128139 View Post

      People aren't being priced out of IM at all. Its just that people are coming into the business expecting magic, instant cash flow with ZERO investment. For the billionth time: ITS NOT GOING TO HAPPEN.

      To newbies I would give this advice: be prepared for an investment of time AND money. If you are short on cash, offer services to get the startup capital needed.
      Exactly this. IIRC the majority of IM items on CB are $29-$69. The majority of WSO's are less than $17. Hosting is $4.99. Domains are $2.99 - $9. Autoresponders are either free or $1.

      If you don't want to invest a maximum of $100 for a product, domain, hosting, website and autoresponder then you shouldn't be in IM. This isn't a get rich quick industry. If you're going to be cheap with your investments then expect cheap returns.

      In economics terms, Internet Marketing has probably the lowest barriers to entry than any other industry (online or offline).
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    • Profile picture of the author sdentrepreneur
      You nailed it Joe....if you want to make REAL money online...then treat it like a REAL business.
      I spend $2,000+ per month on training programs including WSO's. Also spend similar each month with paid advertising to Google, MSN and Facebook Ads.
      I have been full time since 2007 my friends, it works, treat it like a business, work 10 to 12 hours per day until you reach your goals. It's way better than any JOB out there.

      Originally Posted by Joe128139 View Post

      People aren't being priced out of IM at all. Its just that people are coming into the business expecting magic, instant cash flow with ZERO investment. For the billionth time: ITS NOT GOING TO HAPPEN.

      To newbies I would give this advice: be prepared for an investment of time AND money. If you are short on cash, offer services to get the startup capital needed.
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  • Profile picture of the author Marvin Johnston
    Being priced out of IM is not really an issue as being successful in IM is more of a mindset and skills issue. And the biggie, taking ACTION!

    The main problem that I see is too many people selling silver bullets to people who 1) want to believe that there IS a silver bullet, 2) curiosity seekers, and/or 3) people who think that education is a substitute for actual experience.

    The successful people just start doing something and ask a lot of questions looking for solutions instead of obstacles.

    Marvin
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    • Profile picture of the author GuyDoesBiz
      I really think, there's more of the misguiding out there; making more folks to believing is a piece of cake in here, thus, the high expectancy that plummets into shattered hope....for the freshmen. A lot lot of Internet Marketers also may possess some good dough, but honesty and brotherly heart to help the upcoming - genuinely is not something you can shop for.
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  • Profile picture of the author Rich Struck
    $10 for a domain.
    $10 for hosting.

    If you can't afford that then get a job at McDonald's.

    I'll never understand people who simply will not invest this tiny amount of money to start a business. It's ridiculous.
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    • Profile picture of the author BenFromSoMo
      Originally Posted by Rich Struck View Post

      $10 for a domain.
      $10 for hosting.

      If you can't afford that then get a job at McDonald's.

      I'll never understand people who simply will not invest this tiny amount of money to start a business. It's ridiculous.
      Exactly! Work one shift at McDonald's, don't spend it on something frivolous et voila, you have yourself a business that could be worth millions one day. Failing that it could replace your McDonald's salary one day sooner.
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    • Profile picture of the author The Niche Man
      Originally Posted by Rich Struck View Post

      $10 for a domain.
      $10 for hosting.

      If you can't afford that then get a job at McDonald's.

      I'll never understand people who simply will not invest this tiny amount of money to start a business. It's ridiculous.
      Would you call that a business or a hobby? Would you feel confident sending your money to a person who only had that much skin in the game?
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      • Profile picture of the author sbucciarel
        Banned
        Originally Posted by The Niche Man View Post

        Would you call that a business or a hobby? Would you feel confident sending your money to a person who only had that much skin in the game?
        You gotta start somewhere. When I started, I started with basics such as domain and hosting.

        I'm certain I've sent money to people with no more than a domain and a hosting acct. Combined with a good idea and/or a good product, that's all it takes.

        The problem with many newbies is not that they can't afford a domain and hosting, but that they don't have any really good ideas. Sometimes that takes time and sometimes it never happens.
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    • Profile picture of the author highave1
      Originally Posted by Rich Struck View Post

      $10 for a domain.
      $10 for hosting.

      If you can't afford that then get a job at McDonald's.

      I'll never understand people who simply will not invest this tiny amount of money to start a business. It's ridiculous.
      It's great offer. Even I hope it's so cheaper then other hosting company
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  • Profile picture of the author sscot
    (My personal recommendation) Who wants to be an IM guru? start with zero investment. True, it takes some time.
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    • Profile picture of the author celente
      Originally Posted by sscot View Post

      (My personal recommendation) Who wants to be an IM guru? start with zero investment. True, it takes some time.
      Yes, there is not such thing as overnight success. I mean some people can do it, but its not for everyone, and has to be done correctly.

      I think there is a point were you simply get it, and if you can create a good offer, and back it up with a good message you can charge what ever you want. There is no such thing as getting priced out of the market.

      You need a good product, good sales pitch, and lots of good healthy traffic. This will make you sales, if you have teh formula right!
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  • Profile picture of the author Henry White
    Priced out how? If you can't find a way to come up with enough money to register a domain name and pay for hosting, you've already proven you don't belong in this or any other business!

    Actually, there are several ways to make 4- and 5- figures a month without a website, list, or any of the usual hoop-jump-biscuit. These are strictly for producers, not glorified order-takers.

    Forget about the newbies. Many of them will mysteriously disappear once they understand there really is no pixie dust, no secret cabal; others will quickly jump back into the rat race as soon as the jobs reappear.

    By definition, the ones who are the 'real deal' will find a way to come up with the paltry startup funding. The only exceptions are those who are still underage and have to go through a parent or legal guardian.
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  • Profile picture of the author Cee
    No I don't think people are being priced out at all. The basic startup for a website is really cheap. Just get domain name and hosting account and install any one of hundreds of free wordpress themes and you instantly have an internet business. Educate yourself on the best methods for getting free traffic. Implement that and put some effort into it and sooner or later you will start getting traffic to your website. The main thing is to keep going and take action.
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    • Profile picture of the author Mark Andrews
      Banned
      Originally Posted by Cee View Post

      Just get domain name and hosting account and install any one of hundreds of free wordpress themes and you instantly have an internet business.
      Not quite but I do understand your point.

      You actually don't have a business until such point as you're making a regular profit which you can rely on. It's a myth saying that all you have to do to be in business is to have a domain name and to slap up any old website upon it. That is not being in business. It's a fallacy.

      What you need first is an idea and a plan to implement into action. And through your action plan you start to see results depending on your business model.

      As to the OP question, are newbies being priced out of the IM game? No.

      Can a complete newbie still make it in this business? Yes most certainly they can IF they treat their new found business just like they would with any brick and mortar offline business.

      It will require dedication, hard work, lots of hours put in building things out, developing product lines or information products and building effective strong and healthy relationships with other marketers.

      None of which is going to happen overnight.
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      • Profile picture of the author Cee
        Originally Posted by Pete Walker View Post

        Not quite but I do understand your point.

        You actually don't have a business until such point as you're making a regular profit which you can rely on. It's a myth saying that all you have to do to be in business is to have a domain name and to slap up any old website upon it. That is not being in business. It's a fallacy.
        This is no different than a bricks and mortar store. When you rent or buy a store and give it a name and open your doors you have a business. Would you say that someone who owns a store doesn't have a business until they start making money?

        Same online. You get a name and hosting and start a virtual business. It doesn't matter if you have made money or not the first day you open your virtual doors you still have a business. Now whether that will be feasible in the long run remains to be seen just like in the offline world.
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        • Profile picture of the author Mark Andrews
          Banned
          Originally Posted by Cee View Post

          This is no different than a bricks and mortar store. When you rent or buy a store and give it a name and open your doors you have a business. Would you say that someone who owns a store doesn't have a business until they start making money?

          Same online. You get a name and hosting and start a virtual business. It doesn't matter if you have made money or not the first day you open your virtual doors you still have a business. Now whether that will be feasible in the long run remains to be seen just like in the offline world.
          No you're wrong. You don't have a business until you're in profit bringing in the cash. Regularly so. If you aren't bringing in any profit, you ain't in business. You're losing money. That's all.

          I can buy an F1 racing car but it doesn't make me an F1 driver.

          I can buy a gold pen but it doesn't make me a professional writer.

          Just purchasing a couple of basics doesn't make you a business owner or an entrepreneur - period.

          Only when you have regular profit coming in as a direct result of your efforts can you say that you have a business.

          I should know, I've been doing this for 30 years.
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          • Profile picture of the author Cee
            Originally Posted by Pete Walker View Post

            No you're wrong. You don't have a business until you're in profit. Regularly so.

            I can buy an F1 racing car but it doesn't make me an F1 driver.

            I can buy a gold pen but it doesn't make me a professional writer.

            Just purchasing a couple of basics doesn't make you a business owner or an entrepreneur - period.

            Only when you have regular profit coming in as a direct result of your efforts can you say that you have a business.

            I should know, I've been doing this for 30 years.
            I can see you have some strong opinions on this. But that doesn't make me wrong. It only means I have a different opinion than you. You can believe whatever you want and so can I. That's the beauty of a democratic society. Peace and out.
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            • Profile picture of the author Mark Andrews
              Banned
              Originally Posted by Cee View Post

              I can see you have some strong opinions on this. But that doesn't make me wrong. It only means I have a different opinion than you. You can believe whatever you want and so can I. That's the beauty of a democratic society. Peace and out.
              It's not a strong opinion. It's just fact. The way it is.

              Of course you're entitled to your opinion. I would never question that.
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              • Profile picture of the author wolfmmiii
                Originally Posted by Pete Walker View Post

                It's not a strong opinion. It's just fact. The way it is.
                Thousands of businesses lose money everyday and eventually go bankrupt. Profitability has nothing to do with the definition of what is or isn't a business.
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                • Profile picture of the author Mark Andrews
                  Banned
                  Originally Posted by wolfmmiii View Post

                  Thousands of businesses lose money everyday and eventually go bankrupt. Profitability has nothing to do with the definition of what is or isn't a business.
                  One of the most strange and weird comments ^ I've ever seen posted on a business marketing forum or anywhere else come to think of it.

                  Everything comes down to profit. If you aren't making a profit you have no business.

                  And certainly if you are on the verge of bankruptcy you most certainly don't have a business. Technically maybe if you truly want to get pedantic about it but in name only.

                  One is in business to make a profit not a loss. If you're making consistent losses you either need to switch out your tactics and strategy or adjust your overall business plan or get out altogether.

                  $10 a domain name and a hosting account does not an entrepreneur make.

                  The very notion is absurd.

                  Yes you can make a start but don't tell me on the back of 5 minutes work you know it all. Try 30 years in business and then come back and tell me something I don't know.
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                  • Profile picture of the author sbucciarel
                    Banned
                    Originally Posted by Pete Walker View Post

                    $10 a domain name and a hosting account does not an entrepreneur make.

                    The very notion is absurd.

                    Yes you can make a start but don't tell me on the back of 5 minutes work you know it all. Try 30 years in business and then come back and tell me something I don't know.
                    No one said that "on the back of 5 minutes work, you know it all. Since you apparently do know it all, then you DO already know that

                    While inheriting a billion dollars is still the easiest way to land on our list of the world's wealthiest, it certainly isn't the most common. Almost two-thirds of the world's 946 billionaires made their fortunes from scratch, relying on grit and determination, and not good genes.

                    Fifty of these self-made tycoons are college or high school dropouts. The most famous billionaire dropout is Microsoft's Bill Gates, who finally got his honorary degree from Harvard University in June, 30 years after quitting the prestigious school to sell software. ''I did the best of everyone who failed,'' joked the world's richest man in his official graduation address. With failure like that, who needs success?
                    Rags To Riches Billionaires - Forbes.com

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                    • Profile picture of the author biddenpal
                      The answer is YES, for those newbies who do not have a job to atleast fund their startup fee and monthly fee for Internet marketing business ,and NO, for those who have a job to fund their startup fee and monthly fee.

                      The unfortunate thing is that newbies are most of the time taken advantage of by "Internet Marketing Mentors, Consultants, Business builders, gurus etc". Ofcourse they are what they call themselves, but they do not use their skills, knowledge and experience to benefit newbies, instead they use it to benefit themselves.

                      For example you will be asking for help from them, then they will deliberately recommend you an expensive program that is way higher than your level of experience as a newbie as long as they have joined themselves so as they can get commission from you. The problem is then you will lose money-paying monthly fee and on the other side you do not know how to use an autoresponder, how email marketing works, how to use forums and how to use ezines. This means zero sales. You will only realise that you have been betrayed after a long time and by yourself when doing your own research and realising that you are losing money because the guru or mentor will be too busy to help you. I can say I have been a victim.

                      Hope this helps.
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                      • Profile picture of the author sbucciarel
                        Banned
                        Originally Posted by biddenpal View Post

                        The unfortunate thing is that newbies are most of the time taken advantage of by "Internet Marketing Mentors, Consultants, Business builders, gurus etc". Ofcourse they are what they call themselves, but they do not use their skills, knowledge and experience to benefit newbies, instead they use it to benefit themselves.
                        Hope this helps.
                        People who are incapable of thinking for themselves and of making sound purchasing decisions will most likely not be the most brilliant players when it comes to starting a business.

                        Don't want too sound harsh, but the reality is that if you're the type of person who chases magic bullets and who believes every word typed on a computer screen, it's likely that you won't have what it takes to start or run a successful business.

                        I don't condone "taking advantage" of this type of buyer, but if people were smarter about what they buy, this type of product (you know, the products that promise everything -- the types of products that dreamers chase after) wouldn't exist.

                        I said it on the first page ... all you need is a domain and a host and a GOOD IDEA and/or PRODUCT. But many newbies are looking for the NO WORK method of making cash and wouldn't recognize a GOOD IDEA if it hit them upside the head.

                        Like Michael suggested, a good idea to them is any shortcut that will put a few bucks into their Paypal accounts, like taking PLR and slapping a new cover on it and calling it a product, or taking public domain or PLR and formatting for Kindle and uploading their "new book" along with the other hundred or so of the same BS info.
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                        • Profile picture of the author Alan Ashwood
                          Originally Posted by sbucciarel View Post

                          People who are incapable of thinking for themselves and of making sound purchasing decisions will most likely not be the most brilliant players when it comes to starting a business.

                          Don't want too sound harsh, but the reality is that if you're the type of person who chases magic bullets and who believes every word typed on a computer screen, it's likely that you won't have what it takes to start or run a successful business.

                          I don't condone "taking advantage" of this type of buyer, but if people were smarter about what they buy, this type of product (you know, the products that promise everything -- the types of products that dreamers chase after) wouldn't exist.

                          I said it on the first page ... all you need is a domain and a host and a GOOD IDEA and/or PRODUCT. But many newbies are looking for the NO WORK method of making cash and wouldn't recognize a GOOD IDEA if it hit them upside the head.

                          Like Michael suggested, a good idea to them is any shortcut that will put a few bucks into their Paypal accounts, like taking PLR and slapping a new cover on it and calling it a product, or taking public domain or PLR and formatting for Kindle and uploading their "new book" along with the other hundred or so of the same BS info.
                          I'd hate to see it when you are being too harsh!

                          I think you're being a bit unkind here. When somebody is new to everything new, I think it's very easy to fall foul of the bulls**t bast**ds.

                          It gradually dawns that there's a lot of garbage spouted to sell you the junk. It's only experience which makes people think twice before spending, and it's experience and time which leads people to gems like the Warrior Forum.

                          Have a little kindness, eh?

                          When you goin' to finish that cigar?

                          Cheers

                          Alan


                          Whooops, nearly forgot.
                          No, I don't think people are being priced out. There is more and more free information avaiable, and cost effective alternatives to most resources.

                          .
                          .
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                          Now where did I put that pencil?

                          Time for a cuppa.
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                    • Profile picture of the author Laurie Rogers
                      Time is not money and money is not time, an ill conceived perception of many. Time is not replaceable and money is, it is in fact the information that is money, not the time.
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                    • Profile picture of the author grebeau
                      No one is being priced out of IM. There is no magic pill in any business. At the end of the day anything you do will require and large investment of time, hard work and money, in varying degrees of the 3. Most businesses take years to build with little to nothing in return during the building stages. If you are in a business strickly for the money it will blur your vision and most likely you are in the wrong business. A clarification should be made for businesses that people say require no investment; the business may start with out investment but it will need money to stay afloat. I hope this helps.
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                      • Profile picture of the author rickfrazier1
                        I think there are a lot of misconceptions about the costs of doing business with Internet Marketing. Yes, you can spend a LOT of money if you get involved with paid traffic before you understand the basics, but the costs of paid traffic can be a reasonable business cost, IF you understand your market and are paying attention as you go.

                        This concept is no different from a brick and mortar business. Sure, the costs of starting an online business are considerably less (no building lease, high electric, heating and cooling costs, etc...) but the ongping costs of ANY business are certainly similar. You still have marketing and advertising costs, and somewhere to host your business (online this is REALLY cheap compared to a conventional business location).

                        One of the keys to any business (physical or online) is evaluating the market and writing a decent business plan, so you can see just what you are getting yourself into. You know, the basics: What are you selling, who is going to buy it, how are you going to differentiate yourself in a potentially crowded market, how much capital do you have, how much start up and ongoing costs will be, how long until you expect to break even, and to turn a profit, and so on. These concepts haven't changed with IM, only ignored as people read or hear how easy they can be come millionaires overnight.

                        Frankly, if you want to become rich overnight, buy a lottery ticket and be very lucky. At least they only cost a buck a pop (most places) and you can keep trying every week without spending a fortune.

                        I've done both offline and online businesses, and the only reason I would do another conventional brick and mortar business again was for the daily interaction with the public. I can certainly make at least as much money online as I could with the same amount of personal time spent on a conventional business, but with the additional freedom that I don't really need to observe posted "hours of operation". With some scaling and outsourcing, it isn't all that difficult to take an existing online business and ramp it up to much higher levels. It all depends on what you want to do. However, don't count on making a million if you don't get some basic business education along the way. Online or offline, you still need to pay attention to the same things, making sure you stay in budget and generate more than you spend so you end up with a profit.

                        Given a lowball starting cost of at least 10 thousand dollars to get a regular physical business started, plus another few thousand a month to keep the doors open, building anything online is an incredible bargain.

                        Hosting, web site, autoresponder can all be easily had for under $50 a month until you really get a lot of traffic, and your time is your own. And yes, though it isn't my personal choice, you can still bootstrap yourself into business for next to nothing. One way to get yourself going if you are a writer could be to hire yourself out to generate the funds to expand into your own business, or to write titles for Kindle, Nook or other e-readers. If you start in an evergreen niche with some book titles, then use some low cost or free resources to promote the books, you can then build your IM empire using the profits.

                        Where I think the biggest disservice to the newbie is the proliferation of the high-hype, get rich overnight if you buy my magic bullet, autopilot, software that will do it all for you without any effort (or whatever the flavor of the day is right now). Often these are priced low enough that I consider them "throwaways". That is, when one doesn't meet the hype, you just forget about it and throw it away. Nothing gained, only lost the cost of a few trips to McD's for lunch... On the other hand, there are several "big ticket" programs that aren't much better in relation to delivering more than hope. Even for someone that has done a decent amount of up-front homework, these purchases can add up, and without a clear business plan, can rapidly drain the bank account of even a determined newbie...

                        IF you can come into the arena and learn the basics before spending a ton of money on poorly crafted and/or over hyped products, it IS possible to get a good IM business off the ground for very little out of pocket cost.

                        Compared to the costs of having a web site created for you not all that many years back, I really don't think the overall costs have really increased. On the contrary, the lower cost of web site creation, hosting, and such have made it a lot less expensive than entering the market 7 or 10 years ago. There's more competition now, and you need to have a better idea of the niche you want to operate in, but you can still get in for a reasonable price if you are willing to put in the work to get knowledge and experience, and are (somehow) able to avoid the worst of the hype and snake-oil salesmen along the way.
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        • Profile picture of the author Troy Broussard
          Originally Posted by Cee View Post

          This is no different than a bricks and mortar store. When you rent or buy a store and give it a name and open your doors you have a business. Would you say that someone who owns a store doesn't have a business until they start making money?

          Same online. You get a name and hosting and start a virtual business. It doesn't matter if you have made money or not the first day you open your virtual doors you still have a business. Now whether that will be feasible in the long run remains to be seen just like in the offline world.
          Well I don't really agree with that. Just the process of opening the doors for a brick and mortar business is in itself a "process".

          You will have to actually have a business created - LLC, Corp, etc... in order to get the rental, open the business bank account, get merchant processing setup, etc, etc...

          That, to me, is the definition of "having a business" - actually owning a legal business entity and being responsible for it. Most online marketers are "testing the waters" and that's a far cry from running a business.

          And what are the costs of that offline brick and mortar startup business? $10k? $20k? $50k?

          I agree with the prior comments here that most people have false expectations about IM and do not treat it as a real business and yet somehow expect it to pay the bills.

          Fundamentally, IM is just M... by that I mean, Marketing is Marketing - no matter how you do it. Offline, online, radio, TV, classifieds, flyers, postcards, magazine advertising - all of it takes intense dedication, solid business practices, real experience and knowledge to be successful.

          Just because the Internet is involved doesn't make this somehow the California gold rush.

          To answer the question, no, Internet Marketers are not being priced out. There are tons of very affordable resources or free resources out there, but you have to take the time and invest the time to find them.

          Unfortunately we live in an instant gratification society and most simply don't put in the time, effort or action necessary to be successful.

          Compare it to an offline job. You go to college (investing in that education) and come out and get a starter job for $36k somewhere. How long before you will likely turn that into $100k a year job? In general, at least 5 years. You can do that in 18 months or less of dedicated effort on the Internet and without the investment of $100k in college either.

          IM is the greatest thing out there and being an entrepreneur is truly the future for our society. Long gone are the days of working for IBM and getting your pension...
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  • Profile picture of the author DonPlourde
    I don't believe this is the case at all, if anything I think their are more free resources for people to help them in their marketing efforts then ever before. I think for newbies it is just a case of not knowing good content and marketing tools from bad ones. Not to mention that a lot of them are frozen into inaction because of information overload.
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  • Profile picture of the author Rob Whisonant
    I'm a firm believer in the saying "It takes money to make money!"

    The more money you have the easier it is to make more money. Now with that said...

    Time is money, but only if you REALLY work your butt off.

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    • Profile picture of the author theory expert
      Banned
      Originally Posted by Rob Whisonant View Post

      I'm a firm believer in the saying "It takes money to make money!"

      The more money you have the easier it is to make more money.
      Certainly money makes things easier, but, not in the case of $10,$20,lol.
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      • Profile picture of the author Rob Whisonant
        Originally Posted by Team X View Post

        Certainly money makes things easier, but, not in the case of $10,$20,lol.
        Not really following you here. Are you talking about having $10 or $20 to start a business? Or Making $10 to $20?

        I personally would not start a new venture without a minimum of a few thousand dollars to invest and a high profit potential. Anything less, I would just be wasting my time.

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        • Profile picture of the author theory expert
          Banned
          Originally Posted by Rob Whisonant View Post

          Not really following you here. Are you talking about having $10 or $20 to start a business? Or Making $10 to $20?

          I personally would not start a new venture without a minimum of a few thousand dollars to invest and a high profit potential. Anything less, I would just be wasting my time.

          Re's
          Rob Whisonant
          Exactly, I meant someone starting with $10 or $20 dollars as an investment.


          I agree with your premise for the most part. Significant amount of money makes things easier.
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  • Profile picture of the author RSingha
    This is just a silly thread. The great thing about Internet marketing is the low cost barrier for those wanting to start and there has been no recent development to change that.
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  • My man...

    The niche man...

    Your in the perfect time!

    The internet is going through it's second big growth spurt!

    Everyday there are new opportunities to make more money and profits.

    It all starts with taking action (even though your not sure if your headed the right way)...

    If you can find a coach or join a mastermind group.

    If you can't stay on this forum and absorb information. See what information overlaps.

    Pick a topic. Pick a business model. Take action..

    Eventually I promise you will get to where you want to go.

    It's not always easy.. but if it where easy everyone would be millionaires.

    Feel free to contact me with questions =D
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    "Always Build Your Potential.....Business, Marketing, Conversions and Life"

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  • Profile picture of the author theory expert
    Banned
    Originally Posted by The Niche Man View Post

    With the price of everything else going up are more people being priced out of Internet marketing?

    And what advice would you give to newbies who want to jump in the I. M water -But have limited funds. Is there still a place for them in your opinion or have they missed the boat?

    Anymore no or low cost ways to get started you'd recommend?
    BLUEPRINT BELOW:

    Originally Posted by CDarklock View Post

    1. Put my $10 in a BANK
    2. Open PayPal account and verify with bank account (free)
    3. Write short report in OpenOffice (free)
    4. Set up as a product at DigiResults (free)
    5. Integrate an iContact list (free)
    6. Register for forums in my niche (free)
    7. Offer review copies of the report in my sig (free)
    8. Send review copies via Skype to get contacts (free)
    9. Those who like my report can promote as affiliates (free)
    10. AFFILIATES + PROFIT + LIST = WIN
    These are some good steps. The devil is in the details. Investigate each step individually, and, execute.


    For newbies who fear they will lose their last $10 because they don't know this stuff, you are right.

    READ BELOW:


    Originally Posted by CDarklock View Post

    This is why I don't recommend a domain name and hosting to start with. If you're brand new at this...

    1. You don't know how to pick a good domain name.

    2. You don't know how to pick a good host.

    3. You can't afford to f!#k it up.

    That's why I like the method I laid out. The worst that can happen is you don't make any money, but you can try again. Risk of failure is nil.
    Unless someone is holding your hand your money will be gone. I am amazed that people actually advise someone to spend what little money they have. How many people succeed at anything on their first try? Major props to CD for this advice. It is all you really need.

    Source:
    http://www.warriorforum.com/main-int...ness-10-a.html
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  • Profile picture of the author Raja Kamil
    Being priced out?
    What're they expect? Hey, it's a business man, you need capital. It's either money or time or both.
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  • Profile picture of the author David Hooper
    The cost is coming down. It's never been cheaper (or easier) to get something online, at least as far as the technical stuff goes.

    Lots of noise to cut through though...
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    • Profile picture of the author The Niche Man
      Originally Posted by David Hooper View Post

      The cost is coming down. It's never been cheaper (or easier) to get something online, at least as far as the technical stuff goes.

      Lots of noise to cut through though...
      I agree, it's easier to get online, but some say it's getting tougher to stay online because of skyrocketing CPC advertising, ezine ads, and other marketing cost. In addition to staggering competition not only from America but now from Europe, Australia, Asia and other countries that speak English (123 and counting). Anyone have any thoughts on that? That's the growing elephant in the room no one talks about.
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  • Profile picture of the author MichaelHiles
    What business can you operate that doesn't require any capital at all?

    answer: none
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  • Profile picture of the author Rod Cortez
    Originally Posted by The Niche Man View Post

    With the price of everything else going up are more people being priced out of Internet marketing?

    And what advice would you give to newbies who want to jump in the I. M water -But have limited funds. Is there still a place for them in your opinion or have they missed the boat?

    Anymore no or low cost ways to get started you'd recommend?
    You can start an online business with a domain name, a low cost autoresponder, and a computer. Some people have started their businesses with even less than that. People are definitely not being priced out of internet marketing, which is a really broad term to begin with.

    There are plenty of low cost methods if you spend some time searching the forum. I recommend people to join the War Room. Every time I go in there I get a new business idea.

    There are people in this very forum who have started a service business with just an e-mail address and no website.

    RoD
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  • Profile picture of the author Ken Durham
    it's been said, "Have one customer and you have some work. Have two customers and you have a business".

    I've never heard anything about needing capital or profits to have a business. I hear of businesses filing bankruptcy all of the time because they don't have capital and profits, but they are still considered a business.

    As far as being "out priced", that depends upon your perception of out priced.
    As mentioned, time is money. I feel my time is valuable, so I put a high price on it.
    I guess if you do not have much knowledge in anything, then your time may not be very valuable in monetary sense. So perhaps by learning and making your time more valuable, you will have something more than just hope and a domain to get started with. Knowledge really is power. Knowledge of how to deal with issues that appear to be a roadblock, such as funding.

    I don't believe that you must have cash on hand. But rather, you must be able to deal with problems when they arise... the lack of cash-flow being one problem, the lack of knowledge being another, and the lack of a plan being the most costly. None are unsolvable.
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    • Profile picture of the author Mark Andrews
      Banned
      Originally Posted by Ken Durham View Post

      it's been said, "Have one customer and you have some work. Have two customers and you have a business".

      I've never heard anything about needing capital or profits to have a business. I hear of businesses filing bankruptcy all of the time because they don't have capital and profits, but they are still considered a business.
      If you're losing money hand over fist week in, week out, month in, month out you don't have a business all you have is a drain on resources.

      If on the other hand you're making a regular profit you've got a sustainable business.

      Yes I know what you'll come back with, the obvious comment just like the poster above but it takes a lot more than simply registering a domain name and setting up some basic webpage to be in business for yourself.

      You cannot call yourself a real business owner on the back of literally 5 minutes 'work'.
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      • Profile picture of the author The Niche Man
        There's been many interesting points made here so far. But what sticks out to me is the many definitions of "having a business vs. a potential income stream."

        To illustrate, many examples were given (some sarcastically) that all one needs is $10 for a hosting account and $10 for a domain name. But would most people call that having a business or ... dabbling
        ? Just asking.
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        • Profile picture of the author Istvan Horvath
          Originally Posted by The Niche Man View Post

          There's been many interesting points made here so far. But what sticks out to me is the many definitions of "having a business vs. a potential income stream."

          To illustrate, many examples were given (some sarcastically) that all one needs is $10 for a hosting account and $10 for a domain name. But would most people call that having a business or ... dabbling? Just asking.
          I don't think there is any business that could be started without an initial investment.

          However, the expenses related to starting an online business are way less than starting a McDonald's franchise

          Anyone can start small: one site, one product... and learning to drive traffic (invest time and energy if no capital), re-invest and so on.

          Watch what works and scale it up. After a time you'll have a business.

          So, no, I don't think people are "priced out".
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  • Profile picture of the author Fernando Veloso
    If its profitable at some time, then yes, it's a business. Even selling lemonade. But back to topic, the internet allows common people to create and develop a small/medium/big business anywhere, anytime, for as low as hosting + domain name fees.

    If you haven't started one business this way and you're a member here, then I'll really be confused to what have you been doing here.



    Fortunately you have your web business and this is just a theoretical discussion on other ground - not the premise of "how expensive is to have a web business"...

    And to the (few) warriors thinking "yeah right!!", a friend of mine hates computers, knows nothing of SEO or IM, but he created a online shop selling really weird $hit and he makes more money then some of us in one week. I kid you not.

    Edited to add:

    Yes I know what you'll come back with, the obvious comment just like the poster above but it takes a lot more than simply registering a domain name and setting up some basic webpage to be in business for yourself.

    You cannot call yourself a real business owner on the back of literally 5 minutes 'work'.
    Disagree. The internet allows YOU exactly THAT.
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  • Profile picture of the author sbucciarel
    Banned
    If you can't afford a domain and hosting, there are free alternatives. People aren't being priced out of anything. There are those who will never make it. They just don't have what it takes to be an entrepreneur.

    If you're so broke that you can't afford domains and hosting and some info products in your area of interest, then you should just be offering services (if you have any skills to offer) to raise some cash.

    If you believe that everything should be free, you should just go to work for someone, because you'll never make it being self-employed.
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  • Profile picture of the author JamesGw
    The overhead in IM is much lower than it is for a physical business. The only way you'll really run up costs is in web design / programming if you need some custom stuff done and can't do it yourself. You can usually get off to a pretty good start with a $50-200 initial investment in IM.

    That said, I don't like starting projects unless I have at least $5000 on hand to invest into them.
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  • Profile picture of the author kindsvater
    What price increases?

    Odd. I was thinking it is cheaper today for someone to start an online business than it was years ago.

    .
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    • Profile picture of the author PowerGTD
      My thoughts exactly. Hosting plans are cheaper now than when I started in 2007, and traffic generation methods are more abundant.
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      • Profile picture of the author JohnMcCabe
        Pete, you're confusing "having a business" with "having a successful business".

        Jeff Bezos went several years before Amazon showed a profit. Are you saying that until that point Amazon was not a business?

        There's a restaurant near here that opens under new ownership once or twice a year. During the time they're open, I wouldn't dream of telling them that they did not have a real business. I would say that they did indeed have a real business, right up to the time staying open was untenable and they locked the doors for good. They just didn't have a successful business.

        NicheMan, the cost of doing business online has never been lower. When I started, domains were $35/yr with a two year minimum. Now you can get the first year for $2 if you shop around. My first hosting account was $30/month. Gator has a similar offer for ~$5/month.

        Yes, certain methods of advertising have gotten more expensive, but those are not the only ways to bootstrap a business.

        When country singer Loretta Lynn was getting started, she didn't have the money for a big campaign. She and her husband spent days driving from one crappy little radio station to the next with a stack of cheap demo records. Nowadays, she'd be starting with a basic account, a Facebook fan page and some social networking to get noticed. Throw in a PayPal account and a CreateSpace account on Amazon, and she'd be selling CDs.

        Yes, the marketplace is getting more competitive as more of the world joins in. But being unable or unwilling to compete is a lot different than being priced out of the market.
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    • Profile picture of the author The Niche Man
      Originally Posted by kindsvater View Post

      What price increases?

      Odd. I was thinking it is cheaper today for someone to start an online business than it was years ago.

      .
      Have you checked Google Adwords price structure lately, compared to a few years ago?
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  • This business requires less than $100/month to be run (domain, hosting, aweber, etc). If someone cannot afford $100/month, then he/she should not be looking to get into any entrepreneurial venture at this point.
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    • Profile picture of the author The Niche Man
      Originally Posted by Anonymous Affiliate View Post

      This business requires less than $100/month to be run (domain, hosting, aweber, etc). If someone cannot afford $100/month, then he/she should not be looking to get into any entrepreneurial venture at this point.
      That's a good point, but are you describing a business or a way of making some money.

      For example I can invest in a paper bag and collect aluminum cans and sell to a Recycler, does that mean I have a business or a way to make money. That's seems to be the point of confusion with a lot of people in this thread, foggy lose definitions of what a business is and what a income source is. But it does make for a healthy discussion, nevertheless.
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  • Profile picture of the author wolfmmiii
    @pete:

    A. where did i say i know everything?
    B. where did i say 5 minutes constitutes a business?
    C. there are businesses that run in the red for sometimes years before becoming profitable. by your skewed definition, they are not considered businesses until they turn a profit?
    D. it is your definition, sir, that is flawed
    E. you know nothing about me so to assume you know more because of your alleged 30 years in business is foolish
    F. many startups are not profitable in the early stages - again, u consider them not to be businesses???

    you may want to check the commonly-accepted definition of what a business is
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    • Profile picture of the author Mark Andrews
      Banned
      Originally Posted by wolfmmiii View Post

      @pete:

      A. where did i say i know everything?
      B. where did i say 5 minutes constitutes a business?
      C. there are businesses that run in the red for sometimes years before becoming profitable. by your skewed definition, they are not considered businesses until they turn a profit?
      D. it is your definition, sir, that is flawed
      E. you know nothing about me so to assume you know more because of your alleged 30 years in business is foolish
      F. many startups are not profitable in the early stages - again, u consider them not to be businesses???

      you may want to check the commonly-accepted definition of what a business is
      You took the comment personally.

      Sorry I was making a general observation.

      What is business? definition and meaning

      Business - Definition:

      An economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth. Every business requires some form of investment and a suffcient number of customers to whom it's output can be sold at profit on a consistent basis.
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      • Profile picture of the author wolfmmiii
        fair enough. just assumed it was directed at me.
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      • Profile picture of the author The Niche Man
        Originally Posted by Pete Walker View Post

        You took the comment personally.

        Sorry I was making a general observation.

        What is business? definition and meaning

        Business - Definition:

        An economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth. Every business requires some form of investment and a suffcient number of customers to whom it's output can be sold at profit on a consistent basis.
        Can't we all just get along!
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        • Profile picture of the author Mark Andrews
          Banned
          Originally Posted by The Niche Man View Post

          Can't we all just get along!
          We are.

          The point of a discussion forum is to have well, you know, discussions.

          Bouncing ideas back and forth. It's all good.

          And yes, John has a point - so to an extent I defer agreement on his points raised but I do think we're starting to split hairs on the issue.
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  • Profile picture of the author Peter Gehr
    There are some great tips being offered here, and my advice to newbies coming into the IM scene would be this:

    1. Don't buy anything that you're "hyped" into buying.
    Learn what you want to do first. A lot of newcomers don't know what they want to do, but will listen to someone else telling them what to do.
    In other words, spend some time watching what works by reading as much as you can from free information. There are countless articles and forums that can help you establish a general understanding and knowledge of terms, strategies, available tools etc.

    2. Establish your goals.
    Once you have determined what particular strategy or system you'd like to pursue, write down your goals and prioritize them from the most important to the least important. Select the top 3 and work towards becoming an expert at them.

    3. Talk to people--ask questions
    Don't be afraid to ask dumb questions. We all have to start somewhere, and it takes a level of humility and a tank full of determination to get ahead. The WF is a great place to keep asking. As you can see in this thread, you are getting responses and advice that would otherwise cost you money to obtain.

    4. Stay focused.
    If you become like a bee going from flower to flower, WSO to WSO and not implementing and defining your actions, then you will spin your wheels and make little to no progress. If you take on a task, work it and bring it your full attention and focus.

    5. Don't be afraid of making mistakes.
    A very successful Internet Marketer once told me that mistakes are like your teachers. Just don't make the same mistakes over again. When faced with dealing with a mistake, try to figure out how to overcome it by methodical and strategic steps. Analysis of the failure can be a tremendous tool to your experience arsenal.

    6. Overcome obstacles--don't walk away from them
    When something is stopping your progress, figure out what it is and face it head on. Don't run from it, but determine whether you can go around it, over it, under it, through it, or cunningly overpower it.

    Just a few thoughts.
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    • Originally Posted by Peter Gehr View Post

      There are some great tips being offered here, and my advice to newbies coming into the IM scene would be this:

      1. Don't buy anything that you're "hyped" into buying.
      Learn what you want to do first. A lot of newcomers don't know what they want to do, but will listen to someone else telling them what to do.
      In other words, spend some time watching what works by reading as much as you can from free information. There are countless articles and forums that can help you establish a general understanding and knowledge of terms, strategies, available tools etc.

      2. Establish your goals.
      Once you have determined what particular strategy or system you'd like to pursue, write down your goals and prioritize them from the most important to the least important. Select the top 3 and work towards becoming an expert at them.

      3. Talk to people--ask questions
      Don't be afraid to ask dumb questions. We all have to start somewhere, and it takes a level of humility and a tank full of determination to get ahead. The WF is a great place to keep asking. As you can see in this thread, you are getting responses and advice that would otherwise cost you money to obtain.

      4. Stay focused.
      If you become like a bee going from flower to flower, WSO to WSO and not implementing and defining your actions, then you will spin your wheels and make little to no progress. If you take on a task, work it and bring it your full attention and focus.

      5. Don't be afraid of making mistakes.
      A very successful Internet Marketer once told me that mistakes are like your teachers. Just don't make the same mistakes over again. When faced with dealing with a mistake, try to figure out how to overcome it by methodical and strategic steps. Analysis of the failure can be a tremendous tool to your experience arsenal.

      6. Overcome obstacles--don't walk away from them
      When something is stopping your progress, figure out what it is and face it head on. Don't run from it, but determine whether you can go around it, over it, under it, through it, or cunningly overpower it.

      Just a few thoughts.
      WTF does this have to do with anything...
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    • Profile picture of the author Troy Broussard
      There's a lot of heated discussion about what constitutes a business and whether or not it is profitability, etc...

      The thing is "business" is a specific term and the simplified definition of a business is a "legal entity".

      If you've gone through the effort of creating a legal entity with your state of residence, have a business bank account setup in the name of that legal entity and are paying taxes appropriately, then by definition you have "a business".

      This, by the way, does tend to eliminate a lot of IM'ers who truly are doing it for side income which would be more appropriately and legally defined as a "hobby" rather than a business.

      Whether it is a profitable business or not is a whole different subject...

      Doesn't that make sense to people?
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  • Profile picture of the author Jaymark
    There are tremendous resources consisting of free or low cost information and training on all aspects of Internet Marketing. Most of the expensive courses have just been a rewrite and reorganization of information you can get yourself with a little work.

    So no, IM is not getting priced out. Quite the opposite. Start to do some searches looking for information and you'll see what I mean.
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  • Profile picture of the author MichaelHiles
    Funny, the last time I checked, a business was started when someone actually created a "customer".

    Everything else up to that point is getting ready to get ready.

    ...nevermind...
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    • Profile picture of the author Fernando Veloso
      Originally Posted by MichaelHiles View Post

      Funny, the last time I checked, a business was started when someone actually created a "customer".

      Everything else up to that point is getting ready to get ready.

      ...nevermind...
      Exactly my thoughts. And that, you can get for as low as 14$ per month. Then if it goes to a supa dupa business or not, it's another question. There is market for it? Have you ability to market your product in large scale? etc etc.

      But Michael, go on. What you have mind? Your opinions are more then welcomed - personally I see you as one of the most direct and clever guys in this board. So please, keep on sharing.
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  • Profile picture of the author MichaelHiles
    Well, since you asked... it doesn't cost anything to create a customer.

    Nada.

    Zip.

    Zilch.

    All it takes is some time and effort. (ugh... effort = WORK)

    The problem that I see with all of this internet marketing stuff (the Warrior Forum version) is the widely adopted belief that the internet marketing business is somehow or another exempt from the traditional rules of BUSINESS -- which is unmitigated horse pucky.

    We've been through a couple of market cycles that have proven over and over that the .COM business and the internet are indeed NOT new business models, but simply evolution of the platform upon which old business models operate faster and more efficiently.

    Everyone seems to be looking for some sort of push-button technology solution, because the fundamentals are somewhat obscured by the shiny platform itself.

    But the internet is simply a CHANNEL. You're still delivering a value proposition (a promise of some benefit) to a customer... you know... a human.

    The website is nothing more than a vehicle to efficiently convey your IDEAS to someone.

    In the end, there is no such thing as a "product". It's all a value-add to some form of commodity based on an IDEA.

    We use stories and such to convey those ideas to others in an attempt to convince them that our idea will solve their problem or satisfy a need.

    If we're successful with that in the context of a business transaction, we convince someone to exchange some money for our ideas... sure there may also be some other product attached to that... a PDF document, a coaching session, a piece of software, a truck, a diamond coated drill bit... whatever...

    But it's the IDEA first that must be communicated and accepted.

    I don't understand why so many people place so many limitations and constraints upon themselves as a barrier to "starting a business".

    "I need a website to have a business."

    "I need an office building full of programmers and servers to have a business."

    "I need a million dollars so I can start my company."

    No... you need an IDEA and someone willing to listen to that IDEA.

    How many free tools exist on the internet today to act as a channel to convey IDEAs to people?

    Twitter, Facebook, Google+ (my new hangout), Posterous, Tumblr, Blogger, Wordpress, Craigslist, LinkedIn (a personal favorite), and so on, and so on.

    Once you convince someone to exchange money because they perceive that benefits of your IDEA are worth more than the money they're handing over, the rest is semantics.

    Now the last time I checked, the only thing that coming up with a good IDEA actually cost was time and brain power.

    The cost of that hasn't changed since Ug drew some funny stick figures for Og on the cave wall.

    But see, this topic itself is evidence of the self-imposed limitations of the (Warrior Forum version) internet marketing business.

    "We don't need no steenking IDEAS... we can just rehash other people's ideas with prettier graphics."

    "All I need is a a magically-powered, pushbutton platform to spit dollars out of the monitor."

    "A customer is something that only exists on the computer screen as evidenced by the Paypal account... not representative of a human being on the other end of the wire."

    "Supply and demand are irrelevant, just rehash other people's ideas and charge less."

    "Price economics are irrelevant - everyone charging less won't actually cannibalize the entire market."

    ...and so on...
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  • Profile picture of the author Claire Sharp
    If you want to jump into Internet Marketing, do not expect to much especially to get huge cash immediately. You have to work for it. Discipline and perseverance is the best key when endeavoring internet marketing.
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  • WoW! That's about all I can say after reading this thread! Running a business online or off it comes to one thing? Can you sale your product or service. I don't care what the price is can you sell? Focus on learning how to sell and you can write your own ticket! I'm going to make money I don't care what the cost is. Being an entrepreneur is about creating. If you don't have any money learn a skill and then sell it to someone who don't know how to do it or who don't want to do it. All the Internet is a tool that helps you sell more good and service, quicker than we have before, faster than we ever had, and reach more people. Now I hope that help! Learn how to sell and you will always be on top!
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  • Profile picture of the author Istvan Horvath
    the (Warrior Forum version) internet marketing business
    Michael, you should trademark that phrase...
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    • Profile picture of the author rts2271
      There is a metric tonne of misinformation in this thread. Frankly I wouldn't trust most of you to spell business much less define it. Thank GOD thats not what the op was asking.

      OP
      Yes some aspects of IM are becoming quite pricey in cash or resources. A newbie most likely is not going to be jumping into PPC, CPV or the paid ad strategies to to the market clarifying under the companies with the biggest ad budgets. Sure low play keywords are still there but for the majority of people it's a dead market now.

      Article marketing as taught by gurus (Directory backlink strategy) is dead from abuse.

      Email marketing. Not dead but not many are teaching current valid methods. Most are teaching 5-7 year old dead strats.

      Domain flipping is on the ropes as a large volume of the IM guys who have pigeonholed themselves went on a selling spree and have pretty much shot the goose there after burning the bizop bridges. Domain flipping will always be around, but due diligence is a mandatory requirement.

      Affiliate marketing, alive and kicking

      SEO, life support. SEO has morphed successfully into SEC ala search engine consultants. These guys are taking online skills and going after offline business and making a killing. SEO people who are staying netbound are on there last leg.

      Info products. Wow this is the one that gets me. A college is a info product store in essence. If college was treated like info products we would not have a college system in this country. The flipside to this, the Info product creators in many cases did this to themselves with there exaggerated claims and rehashed, crap products. If info products survive in their current implementation it would truly surprise me. I expect to see some heavy handed legislation on this sometime next year.

      Like any post in this forum, these are opinions. You would do just as well taking notes and writing every single poster here as off their rocker. Take the info and investigate it for yourself. Do the detective work and come up with a plan for your business model. What works for me might be expensive for you and vicea versa.
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  • Profile picture of the author Demian V
    You need to be willing to invest time and money into any business if you truly want to succeed.

    I would say learn everything you can on WF and other forums (and online in general) for free, join the War Room, and invest in some good WSOs that interest you.

    I believe you don't need thousands to start an IM business, but some investment will definitely be needed at some point.

    This is a business, remember?

    All the best to you,
    Demian
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  • Profile picture of the author ADifferentNinja
    No, because other than a domain and hosting it costs nothing to make money in IM if you know what you're doing.
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  • Profile picture of the author handy
    Actually there's a lot of free information out there. It is not expensive to start. I started a website and a list for a couple of hundred of dollars (this covers a few months of web hosting and aweber), and have made many many times back that amount.

    And of course for $37 you can get lots of great information in the War Room!
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  • Profile picture of the author lespritb
    Yeah; It's sure now a days business owner's are interested in Internet marketing. Because 80% people's are in internet arena.
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  • Profile picture of the author Rob Maggs
    Dear Nicheman,

    I know what you mean, when I started up it was a struggle I didn't have the finances and I knew very little about Internet Marketing. I started up on Ebay and then got sick of all the fees, so I set up my own site in the self improvement niche. I also discovered this forum and it really helped me a lot. I've since got into the Internet Marketing software niche and it's been great.

    I've made some really good contacts and regularly get paid really well freelancing aas well as making a good living selling my products. When I started developing software I used a free programming language called autohotkey and I've made a load of money with that language.

    If you really don't have a few dollars spare for hosting and money is really tight then I'd suggest that you start a free blogger blog, develop a product if you can and maybe focus on building a list with Mailchimp, which is free I believe until you have about 2000 subscribers.

    I've made thousands of dollars on the free blogger platform...but be warned it only takes one person to report your blog and then it will instantly get taken down and put into review. I had a few sites reported and taken down and they were making good money, which really hurt! I managed to get them back I'm pleased to say but it did take about a month to get them reinstated.

    What I do now is use the blogger platform to test my new products, if they go well then I move them to paid hosting. I make enough money from adsense to pay for my web hosting these days so my business is self funding.

    My advice would have to be the Blogger platform initially, make some cash there and then move to paid hosting.

    Hope this helps

    Cheers Rob
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  • Profile picture of the author Richard Tunnah
    Originally Posted by The Niche Man View Post

    With the price of everything else going up are more people being priced out of Internet marketing?

    And what advice would you give to newbies who want to jump in the I. M water -But have limited funds. Is there still a place for them in your opinion or have they missed the boat?

    Anymore no or low cost ways to get started you'd recommend?
    This has been brought up a number of times recently and each time I completely disagree. Now days you can start with $1 to access the internet from a internet point and post a service on a site like fiverr. Now when I started in 95 there where no internet points so you needed your own computer (my compaq cost me $4,000), an internet connection (that cost me about $400 a month on pay per minute dial up), no service sites although there were AOL newsgroups. Hosting cost me about $100 a month, a domain cost $160 a year and getting a website designer cost the same as a small family car!
    So no I strongly disagree!

    Rich
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    • Profile picture of the author Brian Terry
      Originally Posted by Richard Tunnah View Post

      This has been brought up a number of times recently and each time I completely disagree. Now days you can start with $1 to access the internet from a internet point and post a service on a site like fiverr. Now when I started in 95 there where no internet points so you needed your own computer (my compaq cost me $4,000), an internet connection (that cost me about $400 a month on pay per minute dial up), no service sites although there were AOL newsgroups. Hosting cost me about $100 a month, a domain cost $160 a year and getting a website designer cost the same as a small family car!
      So no I strongly disagree!

      Rich
      You've just proven that today it's even easier to get started online than it ever was. In no way is it getting more expensive.

      All businesses start with an idea beyond the desire to make money. And the idea is always about some form of value exchange between you and your customer.

      There is no excuse for lack of money these days if you have an idea.

      There are dozens of crowd funding websites out there who will gladly give any amount of free money to the person with the right idea.

      Here are some great places to start...

      IndieGoGo
      KickStarter
      RocketHub
      Sellaband
      GrowVC

      Never let a lack of something hold you back.
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  • Profile picture of the author Alan Ashwood
    Originally Posted by The Niche Man View Post

    With the price of everything else going up are more people being priced out of Internet marketing?

    And what advice would you give to newbies who want to jump in the I. M water -But have limited funds. Is there still a place for them in your opinion or have they missed the boat?

    Anymore no or low cost ways to get started you'd recommend?
    Yes. There are quite a few ways to save money starting up, and if you're very observant, many of them can be free.

    I think that the only unavoidable cost is web hosting, but you can even reduce your costs for that too (I pay $2.30 pm).
    If you shop around, you can get free domain registration with your web hosting, so that's another saving, and there are reliable free autoresponders too.
    Cheers
    Alan
    Signature
    Now where did I put that pencil?

    Time for a cuppa.
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  • Profile picture of the author try_hard_samurai
    To answer the question. I think that the costs aren't going up. As far as building a business goes, reinvesting is key.

    Newbs that take the money and run off to blow it will have a hard time being successful over the long haul.
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  • Profile picture of the author brittlesnc
    What I'm taking away from this whole discussion is that it's not necessarily that newbies are being priced out, it's cheaper now than it's ever been, but that it's just gotten so much more competitive.

    Basically anybody who has $20 for a domain name and hosting can get started ($10/month for the hosting) so the barrier to entrance is very low; so everyone and their dog is trying to start an online business.

    However, does this mean that an internet marketer with years of experience, funds, resources, etc. is going to have a huge advantage against a newbie...in 99% of cases yes.

    So from the standpoint of directly competing against successful online businesses/entrepreneurs who have the money and resources I guess you could say that in some markets people are being priced out.
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  • Profile picture of the author brettb
    Signing up to HubPages costs $0.
    Signature
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  • Profile picture of the author missmystery
    Also you can use skills to help get started if you have no money. I make images and sell them on t-shirts for example. It's free to set up and very simple to create a store.

    It's good if you can invest money on something.. but one thing you HAVE to invest is a lot of time and hard labour.

    I've been working on a word press site for weeks now preparing to launch. I hope my hard work pays off, but we will see.

    There are free ways to make money. It may not be much, but all you got to do is try
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