Do you really need money to start IM?

You don't necessarily need money in IM. You can create a free blog and write good content and target a certain niche or you can be an affiliate and sell products for free. Money helps though with having funds to advertise, hiring a mentor, learning courses, etc. Some people would rather pay for convenience where they don't have to learn things on their own because IM can cause information overload.

NO!

Whatever you decide to do, don't do that.

Spend the $10-$20 on your own website.

Exactly my friend knowing what I know now and if I were starting in this business today I would want: Camtasia, Photoshop, a Domain, Web Hosting, a War Room Membership and a decent midrange computer. So it would be good if you could bring $1500 - $2,000 to the table.

Hosting and domain are basic needs. Of course you need money for that. But do you need to have $100 to start?
No

Does a newbie who knows nothing and little desperate to make money need to know camtasia, photoshop, war room membership? It is already understood that if you want to start making money online, you must have your own computer....

I did not mention $0 and I never mentioned any fiverr flyer in this thread. I think you are referring to other CB thread i created a week ago... I mentioned $100, $300, $1000, and even $10,000 so anything below $100 is acceptable to me... or to be specific, $50 and below..

Talking about the other thread, it's $5 if you already have a domain and hosting.

Domain $10
Hosting $3/month
Fiver $5

So for less than $20, you can start.. not $100.
But it's just an example. You can create free blogger, apply with adsense, and make money for nothing.. If you want to have your own website then buy a domain and hosting and do whatever affiliate program you want... all less than $50

That is true a lot of this business is experimentation. Often those failed experiments will cost you money. Hence my emphasis on making your initial investment in tools that will have long term value you that you can use on a lot of different projects.

I absolutely agree with you

Yes, I agree... not not relying to much on investment or else you'll lose everything...

Honestly speaking, I do find that doing IM is rather challenging. Of course, challenges are made existent in life..if not life would be too perfect and we will get lazy in doing things to earn it..

* & yea, there is some cost to start an IM business..

Hi Guys and Gals,

Any serious business requires a certain amount of capital to start. The beauty of marketing on the internet, compared with marketing in the old fashioned way, is you can start:

* On a shoestring budget (No fancy offices or warehouses or staff or inventory).

* Relatively quickly. Note the 'relatively', because that's where marketing on the internet comes down to earth and faces exactly the same problem as a traditional, bricks and mortar, business - getting prospects and customers.

Sadly, the sheer ease and speed with which you can get a web site or blog up on the internet lulls folks into a false sense of what is possible. Because that's the easy bit. Then comes the hard work (not a phrase you'll find mentioned much in internet marketing circles) of getting folks to come to your site and actually buy stuff.

That's the gaping hole in all those 'Business in a box' and 'Turn-key web sites' - you have to get the traffic.

Fortunately, it is possible to learn all the skills, including the key skills of getting traffic. But it's a slow process. So forget the lies of the gooroos, who claim they can make you rich by Friday.

And think of it this way. If you're training for any job - even a lowly Macjob there would be a certain level of training needed to succeed. But to make a decent living you would need years of hard training to become - say - a doctor or dentist.

I don't know about you, but I wouldn't want to spend my life looking at folk's mouths (could be even worse, if you're a doctor). So, not only is sitting in the sun, tapping away on your lap top or iPad far more congenial, you can actually learn on the job, increasing your income as you go. For example ...

I have web sites I set up in 2007 that I haven't touched since, yet they are still paying me money to this day - literally (because today is when my weekly ClickBank payment drops into my bank by wire direct from Wells Fargo Bank). Incidentally, those are nothing to do with 'Make money on line'. They are in the alternative health niche.

Now, I had to spend some time, creating products, making videos, writing articles, creating HubPages and Squidoo lenses and the like to generate the traffic.

But, once those assets were paying me an income, I was free to invest my time in creating more of the same to add another income stream .. and the another - and so on.

But here's the key fact ...

I did that without the slimmest of promises that I would ever see a single red cent for all my effort. But now, of course, I'm still benefiting from my efforts, five years later.

And that's the psychological barrier most folks have to get over before they will see any profit on line, because most folks' money-making experience is limited to being on the job treadmill. And - for all its faults - on the job treadmill, they can look forward to a guaranteed amount of money for a certain amount of effort.

But not so in business.

So my answer to Adie's question (at long last) is: You don't need a lot of money to start in IM.

What you really need costs nothing.

It's the sea change in mind set you need to make. Be prepared to understand it won't be quite as easy or as fast as the gooroos, keen to sell you the latest 'magic button software to make you a millionaire by Friday' claim. And - when the going gets tough and you're not seeing any traffic for all your FaceBook posts and your YouTube videos DON'T be tempted to change course and go for the next 'Super Tuesday Mega Launch'.

Stick doggedly with this simple four step plan:

1. Locate a profitable 'evergreen' market.

2. Decide if you are going to sell your own product or be an affiliate.

3. Create a web site.

4. Attract traffic.

That's the way the 3% who really do make money on line do it. So don't try and re-invent the wheel.

Stick to this simple plan, because it will eventually bear fruit - but jumping onto something else won't.

Then when your first web site is paying you an income you will be doing exactly what Bill Gates and Donald Trump do to create their wealth: you will own an income producing asset.

Then you can move on to create another income producing asset and then another and ... (I'm sure you get the idea!).

Here's wishing you great success!

Paul

Adie, thank you thank you thank you for this post. It is an important one for newbies to take head of. I think the misconception that if you have money to start an IM business, then you are ahead of the game.

This is probably opposite from the truth.

More than likely your money will simply go fast as you fumble for that push-button solution.

Whatever method you chose, it is going to take hard work and sticking to it to be able to really turn a decent profit.

This why no huge IM marketers ever start with, "I had $50000 and reinvested it into IM and now I'm in the millions!" All the headlines say, "How a drunk broke womanizer with only one shoe and a broken finger went to earning $5 million in one year!" This is far more believable....

My point is this: If you are flat broke, (as we were when we started,) you will fight for every penny and cherish your first $7 sale.... This is key to this business. After you make your first $7 you will have learned a lifetime of useful knowledge and you will have the ability to take in new information, apply it, and learn more...

Cheers!
Andrew