No Budget.... No Problem!

28 replies
I may be new here, but there is one question that keeps popping up everywhere you go on the internet.

"I have no money to invest in building my business. How can i do it without investing?"

Now, everyone is already thinking, you can not possibly do it without initial investment. But why not?

The best way i think is to build your list, is to offer something free. Like an ebook or ecourse. But what about an ecover?

Autoresponder?
Website?

Website you can use initially, are weebly or blogger.

Autoresponder you can use initially, is Listwire.

Ecover??? Oh yeah, use: myecovermaker(dot)com

But its not free? You have few freebies for making initial ecovers. Its not much, but it looks professional.

If you have no investment at all, do this. I know it may not look professional, not having your own website you host, or using a free autoresponder. But, look at it this way, do you want to be seen as a seeker or a doer?

Everyone, including the big boys started somewhere. I have seen some awful sites, but they get visitors, and conversions.

So, what will it be? Skint all your life, or a decent wage monthly?
#budget #problem
  • Profile picture of the author TiffanyLambert
    Agree with your post.

    I started out with nothing - no domain, no autoresponder system, no hosting, no DLG (gasp!).

    I started using Squidoo.

    Worked for me! Then I got a wee little domain and a wee little hosting package.

    Then I got moving with 1 wee little sign up on my Aweber autoresponder.

    It all gains momentum from that point on.

    I think people are used to seeing some sort of basic list they have to start out with. ACTION takers do it right.

    tiff
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  • Profile picture of the author Ansar Pasha
    Banned
    Bootstrapping from free to stuff you should pay for anyway is a big waste of time IMO.

    I think having an autoresponder, a domain name, and hosting isn't that difficult... and surely, anyone could make their money back in a month with a bit of elbow grease. From there, you can invest in stuff like DLG or new domains, outsourcing etc.

    Ansar
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  • Profile picture of the author BelindaMooney
    I also started out with no budget and went on to things that make money. I taught myself website building, article writing and now have a very successful article spinning business.

    Belinda
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    • Profile picture of the author ShayB
      I started off with Blogger blogs and the free option from GetResponse.

      I still use Blogger and GR, but now I am moving into self-hosted sites and I've had to upgrade to the paid level of GR because my list has grown.
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  • Profile picture of the author redbearing
    If you're comfortable with that as a start, it is ok. Make sure you equip yourself with better "armor and weapon" as fast as you can.
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  • Profile picture of the author Francis Bennett
    Anybody can do the "starting with free tools" approach as long as they know where to get the tools. The trick is for them to have the right mindset. Usually they don't have it if they are going to set up everything for free.
    People are starting a business and are best to approach it as such, knowing that an investment is required to get a business running. This way it makes it easier to discipline themselves to reinvest the business earnings into better tools and products.
    Starting free leads to a lack of discipline for reinvesting in the business and soon the effort fades and then there is no business. Another casualty.
    Free tools end up advertising the companies whose tools are being used and take away from the message you are trying to send.

    That being said, there are ways to start out with 0 properly and build. Many affiliate programs host affiliate pages. It takes away from list building but 1 sale can pay for an autoresponder for a month.

    Most autoresponders have a free trial any way and you get 30 days to get your business together. There are plenty of hosting companies with very affordable monthly rates and many offer some free trial time as well.

    So, really, the only thing a person is often faced with in the first month is buying a domain name. It's cheap as hell to do that and is a very worthy investment.

    My advice, do the planning first. Get in the right mindset to run a business. Then when you are ready, get your domain name first. Get a cheap basic hosting package. Once your site is ready, sign up for a free autoresponder trial account. That will take care of your web and list building efforts without being polluted by free tool ads.

    Your first months expenses in this scenario should not be more than $15. A very affordable investment when you are trying to start a business if you ask me.
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  • Profile picture of the author Rach72
    Start small with the free sites like Squidoo, WP, Blogger etc. That way you can start out on your learning curve, do all your niche and product testing ... oh and when you do mess up, its not big drama.

    One of the biggest expenses is education. Asking questions in forums and online communities is also a great way to learn the ropes and avoid traps. If anyone is starting out as a complete technophobe newbie then having some sort of training is a really big help.

    Don't forget to make a plan to re-invest your profits back into your business - this is vital, no matter what industry you are in.
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  • Profile picture of the author glenbuckingham
    I want to thank you. it is refreshing to here someone be so positive. i have had my website for less than three months and i have a very tight budget.
    i havent made any money but i am sure that's no surprise I want so badly to make it online i am going to give it a year .
    my boss has one talent yelling and threatening to fire me and every time he does its like a poker saying.Go get it that money making plan to get you away from this place.
    If i have to eat barbed wire and spit out nails WHATEVER IT TAKES LONG NIGHTS IMPOSSIBLE ODDS I WILL MAKE IT ONLINE!
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    • Profile picture of the author Francis Bennett
      Originally Posted by glenbuckingham View Post

      I want to thank you. it is refreshing to here someone be so positive. i have had my website for less than three months and i have a very tight budget.
      i havent made any money but i am sure that's no surprise I want so badly to make it online i am going to give it a year .
      my boss has one talent yelling and threatening to fire me and every time he does its like a poker saying.Go get it that money making plan to get you away from this place.
      If i have to eat barbed wire and spit out nails WHATEVER IT TAKES LONG NIGHTS IMPOSSIBLE ODDS I WILL MAKE IT ONLINE!
      Go for it Glen. Stay positive and persistent.
      If your site has been up 3 months with no payoff, you should really take a look at your traffic generation and the results of your efforts. You should also have performed some split-testing by now to improve results.
      Never sit still. If you are not getting results, figure out why and do what it takes to change it. You will get the results if you stay on top of it.
      Best of luck.
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      • Profile picture of the author JGrahamHCH12
        How can you guarantee that this is not from any other guy who claims to give astonishing results in a short period of time?
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        • Profile picture of the author ShayB
          Lots of good points made already. I wanted to give a little more detail in my response.

          When I first started, I knew nothing about keyword research, doing reviews, affiliate marketing, SEO, etc.

          I wasn't about to start practicing on sites that were costing me money. I don't mind investing in a business, but it simply didn't make sense to me to pay for hosting and such when I had no clue.

          I used those blogs as my practice field. I learned about how to get traffic, how to make money with affiliate products, and - eventually - with my own products.

          I still have those blogs because they still make money for me, but now I'm adding self-hosted blogs.

          If you can learn the basics without having to be going in the hole each month, it makes sense to me to do it that way.

          JMHO and YMMV
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    • Profile picture of the author Francis Bennett
      I looked at the site in your signature.
      I don't see monetizing of it.
      There are many things you can do to monetize and build an income.
      Consider amazon or clickbank products on your page for example.
      You can choose ones related to your location, context and target customer.
      I hope that helps.
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  • Profile picture of the author rwbovee
    Yes, Blogger blogs and Squidoo are good places to start. You can make some money from them.
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  • Profile picture of the author imdomination
    Another person here who started off with no budget! I actually began my online money making by writing articles for a few bucks each and doing forum posting back when that was big business. I would come home after school and write until dinner time. Eventually I had a couple hundred dollars to invest and it all kept going from there.
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  • Profile picture of the author jkuhry
    I also started with article marketing and videos with free affiliate programs... this is the best way to get your foot in the online door.. I think.
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  • Profile picture of the author AmandaT
    I started with nothing as well... I had a blogger blog and used adsense. Thing is, I quickly found out that selling even one Fiverr gig can get you started with paid hosting and a domain!

    Start with a .info domain. Don't believe what people say... they can rank just as well as .com and are great to start with! I still buy them from time to time. HostGator has coupons that offer your first month for only one cent. There you go! Under $4 and you have your own website to get started with.

    I started with free GetResponse, but I switched to Aweber when I could. You can get a trial for only $1. If you can't afford Aweber, GetResponse will be fine but if you switch over to Aweber, you may lose some subscribers because they will need to reconfirm their opt-in.
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    • Profile picture of the author sarahjp
      There is nothing wrong with free to start off with as long as you are very strict with yourself and don't stick to the free habit or mindset.

      It might be a good idea to set yourself a time limit. Set a goal of when you are going to get your paying blog, website, autoresponder and so on.

      If you stay in the "I can't afford it, I have no funds" mindset, you won't get very far.

      But it is a great way to start so that you can get past the initial, and sometimes terrifying learning curve, without paying for all your mistakes.

      You can also take your time in finding the best paying solutions for you.

      Many blessings,

      Sarah

      P.S. Free can be more time consuming.Time management is another factor to consider.
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      • Profile picture of the author magnates
        Originally Posted by sarahjp View Post

        There is nothing wrong with free to start off with as long as you are very strict with yourself and don't stick to the free habit or mindset.

        It might be a good idea to set yourself a time limit. Set a goal of when you are going to get your paying blog, website, autoresponder and so on.

        If you stay in the "I can't afford it, I have no funds" mindset, you won't get very far.

        But it is a great way to start so that you can get past the initial, and sometimes terrifying learning curve, without paying for all your mistakes.

        You can also take your time in finding the best paying solutions for you.

        Many blessings,

        Sarah

        P.S. Free can be more time consuming.Time management is another factor to consider.
        Couldn't agree more ...

        While it is good to test the waters and see what works for you . You got to invest in your business

        Most people think that IM business is somehow different from a brick and mortar business , it is not really ... Although you can earn money in your sleep ,You still have to work ,you still need to grow and invest to maximise profits

        In every business there are cost , it is not called profits for nothing .

        You can go the free route but it should be for the learning phase , when you know what you are going it is wise to inject cash , rather burn out your time writing articles because you refused to spend
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        • Profile picture of the author TroelsJepsen
          It has never been easier to start a business, than it is these days, but there are a few things, I'd prefer to use paid services for.

          The most important one is the autoresponder. I've heard so many horror stories about people having to go through the hassle of moving from one autoresponder to another, and free autoresponders that suddenly stopped working. So personally I don't mind the investment of a well functioning autoresponder, but I understand that some may actually not have the money to pay for one when starting out.

          While it is possible to make money without building a list, one of the things I see mentioned most often as the biggest "regret" warriors have about their IM careers is, that they didn't build a list from the start.

          So although you can start out with nothing, there are a few things, that I think anyone who can afford it should invest in when starting out: domain, hosting and autoresponder.
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          • Profile picture of the author brookman12
            I found there are ways to get started if you no cash to invest at at all and then once your up and running you can take it from there. Getting an autoresponder and a domain is next to nothing these days so I wouldnt say they are costs that should be stopping people from getting started.
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  • Profile picture of the author johndougs
    No budget means to stay away from taking a chance. Don't risk your shirt!

    If you can't afford $50/month on the net then the only great advice I can offer you is to say to stay away and do lots of research while sticking with your current job.

    You see beginners are just beginners and they are at the top of the list for being the riskiest as far as making money on the internet is concerned - unless you happen to strike it right at the first turn - highy unlikely for most.

    Don't listen to those folks who say that they've started with this and that at squidoo, hubpages, blogger etc. with minumum this and that. Their websites tell the difference - check them out through their links and you will see how much traffic they are getting. Traffic and quality traffic coupled with email list is what you should be reading before jumping in with your eyes closed.

    The only thing that works on the net is hard work, knowledge of internet and effort by you. If you're missing one part of this formula then stay out while you're still in front. Your losses are low initially.

    You don't need to buy anything on the net since most things are available a search away. Even hosting - with a few buck per month - then again you get what you pay for. Pay peanuts and you'll get monkeys.

    Anyway, do lots of research before getting advice from novices.
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  • Profile picture of the author rowanman28
    I have trouble understanding how people build a list of thousands of people with a squeeze page. First, where do you get traffic from? Does SEO work if your page doesn't have much on it but a place to put your email? I have a basic wp autoresponder plugin on my site, in the sidebar, it's been there a week, and I've got one person signed up, I guess it's a long hard slog before you get enough people, and learn to sell something to them. I make more from totally free methods, but only ten bucks an hour, if I decide I want to do that. I'm slowly coming around to the list idea.
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  • Profile picture of the author Gary Ning Lo
    Also started out with nothing..

    It took a lot of time but i don't regret anything.

    If i had to start all over again i would start with CPA though..

    Really like the business model

    Cheers,

    ~Gary
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  • Profile picture of the author georgedinmore
    Before posting this thread, i did look around on the forum, and others. Including other places like social networks, saying i can not start a business anywhere because you need initial investment.

    I am keeping this online, because i see it the most free and easy way of doing things. Yes, you do need to learn, but you need to do that with everything.

    I understand the argument that you can not take the business serious if you start by using free services. I totally agree with that. Its just people think you need investment to start anything.

    I started by using weebly, and mail chimp. Drove traffic using loads of free methods. I also used list wire. Once i started seeing results, i started paying for my hosting, domain names and autoresponders.

    What i am trying to say is, basically you can start anything for free, then build it up.

    I got a friend, who started a business using family and friends and referrals from those. Then went on from there. Yes it was an offline business.

    I had people ask me how i did it all for free. And as i see here, there are many others. Some used squidoo, blogger blog, wordpress, etc.

    If you want to take this business seriously though, and any business, you will need to invest.

    I just wanted to start this thread to show, you can start using free stuff, then build it up. Many others have done it, so i am not alone. There are many roads to where you want to go.
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    • Profile picture of the author David Keith
      yes, it can be done for free. but if you have skills, why not pimp yourself out a bit for some quick cash by providing a services to people with money.

      you dont have to do this for very long to come up with the cash to get a domain name, a simple 1 year hosting account, a simple autoresponder script for your site (which work fine to start up), and a decent graphic for your free ebook.

      or maybe try a job at McDonalds for a week to get the cash to do it right.

      it seems you have spent way too much precious brain power trying to save money rather than trying to make money.

      thinking like that will keep you poor. Millionaires dont think like that.
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      • Profile picture of the author Judith Tramayne
        If you can write, then do ebooks and put them up in the Amazon Kindle eBook store. Write what you know (non-fiction) with images which solve a problem or write fiction.

        For fiction, it's best to have at least 3 books written so you can reference them in your ebook.

        This is free. It just takes sitting your tush in a chair and writing.

        Offer them for 99 cents the first couple of months to build up a readership and then raise the price or leave them at 99 cents.

        If you provide value, have great formatting, your books could end up making you a healthy chunk of change.

        Use Social Media which is also free to market (share) your ebook Amazon page. Do an Author's Page on Facebook and build a relationship with your readers. Also free.

        And if you say you can't write --- then when doing a non-fiction ebook -- just think of it as writing emails to a friend telling them how to do something with a few images thrown in.

        Just another idea to making money on the Internet.
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  • Profile picture of the author WebPen
    There's an upside and downside to having no money to invest.

    In a way its good because you won't get into the buyers frenzy in the WSO section. Its not hard to buy multiple products a day there if you aren't careful.

    Plus, learning the ropes without an investment can sort of help you learn it better.

    That said...

    Most methods of IM work MUCH better with your own site (which costs a little money). Also if you're doing SEO, being able to pay for certain services (like backlinks or content) can help you start making money faster than if you do it all yourself (for free).
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  • Profile picture of the author Jenny4u1
    I was started my internet income on Amazon. Solving simple tasks on Amazon was my first online job. Whenever I am having free time developed a blog and affiliated with few companies and earning handsome income. To get money at least you should ready to spend time.
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