How Much Do You Spend Monthly to Make Money Online?

by fosu
44 replies
Hi,

I would like to have a honest opinion in this threat!

Personally, I do no believe you can make money online without taking out some money from your pocket.

I would say at least you must take out between $20-$40 on monthly basis before starting seeing some light, and in some cases it might be more than that!!!!

Why?
Because you need a domain name $10/year and hosting witch vary from providers, so let say $3-$5/month, now if you are good in IM and know how to build a website, would you think just with a domain/wordpress setup and the hosting in your hand will this make you a nice profit? of course not, there is work involve unless if you disagree with me, and I am happy to see how you did it? and I mean with 1 Domain-WordPress- and Hosting nothing more just with your knowledge.

1) What about the content?
2)What about the traffic? (I know there is free traffic, but are you going to tell me to cop and stay front of my desk hours to post to forum/blog and exchange traffic etc..)
3)What about graphic-design to split test and see your conversion?
4)What about updating your knowledge? (investing in your learning curve)

If I apply only the 4th step above, this will push out from my pocket more than $20/monthly.

To come to my question Titled, I am not convince that you can make money online without spending a little on monthly basis.

Please do not tell me.."Hi I am the man here and I am making a descent living without investing anything, and all above step are just crap..."

I would believe you, you are making money online, no doubt about it, but will you be able to tell the truth and honestly how much have you spend before seeing a cash flying in your Paypal account ....

Your honest answer is much appreciated...
#make #money #monthly #online #spend
  • Profile picture of the author ronrule
    Amazon makes about $80,000 per minute, and they spend $79,200 per minute to make it. But it works out to about $1.15 million per day net.

    If you're worried about spending $20 per month, you're going to have a hard time with Internet marketing. There are hard costs associated with every dollar you make, whether it's the barebones necessities you listed or real marketing costs. Nothing is free.
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    • Profile picture of the author fosu
      Originally Posted by ronrule View Post

      If you're worried about spending $20 per month, you're going to have a hard time with Internet marketing. There are hard costs associated with every dollar you make, whether it's the barebones necessities you listed or real marketing costs.
      I am not worry at all, I spend more than that.....

      Originally Posted by ronrule View Post

      Nothing is free.
      agree with you.
      Yes this is from where I am came in.....

      May be you miss understand my message above!!

      A lot of free report I came cross showing you can make money online within a couple of step...and no need to invest a dim of dollar....that why I came with this threat. It's message to the newbies looking to make money online without spending any $$$
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      • Profile picture of the author ronrule
        Originally Posted by fosu View Post

        I am not worry at all, I spend more than that.....

        agree with you.
        Yes this is from where I am came in.....

        May be you miss understand my message above!!

        A lot of free report I came cross showing you can make money online within a couple of step...and no need to invest a dim of dollar....that why I came with this threat. It's message to the newbies looking to make money online without spending any $$$
        I don't see a problem with it, some things are a given. It's usually based on the assumption that you already have those things. If you bought a kit that was marketed as "Everything you need to build your own bedroom furniture" probably wouldn't include a screwdriver or a hammer because it's a reasonable assumption you already have access to those.
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    • Profile picture of the author talfighel
      Originally Posted by ronrule View Post

      Amazon makes about $80,000 per minute, and they spend $79,200 per minute to make it.
      That is why many big companies spend MILLIONS every year to advertise their business.

      The more people the reach, the more profits.
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  • Profile picture of the author Daniel Szalok
    I'm paying around $50 for my hosting and Aweber a month. I don't have any more costs.
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    • Profile picture of the author fosu
      Originally Posted by Daniel Szalok View Post

      I'm paying around $50 for my hosting and Aweber a month. I don't have any more costs.
      Sound reasonable for me......
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      • Profile picture of the author MarketingBees
        Originally Posted by fosu View Post

        Sound reasonable for me......
        Don't want to be the one to say but...

        BUT... You don't know what that $50 is for. Is that $50 a month for shared hosting and the smallest Aweber package? Is that $50 a month for his own bank of servers from his host (I doubt it but not that would be reasonable)
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        • Profile picture of the author fosu
          Originally Posted by MarketingBees View Post

          Don't want to be the one to say but...

          BUT... You don't know what that $50 is for. Is that $50 a month for shared hosting and the smallest Aweber package? Is that $50 a month for his own bank of servers from his host (I doubt it but not that would be reasonable)
          Don't rush ))...just explained and you will see the "BUT" with post of pjlyons1uk
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  • Profile picture of the author MarketingBees
    I don't think you can just ask "How much do you spend?" And then assume you'll spend that amount. The amount I spend has been increasing as my income grows. As I earn more, I tend to spend more on advertising to then earn more. I then have more traffic so I upgrade my hosting. My email list grows so my Aweber and Get Response fees go up as the lists are larger. I have more websites so more content writers to hire, more stock photos to buy and more domains to pay for.

    When you get started you could get away with $20-$30 a month but don't get hung up on just spending that amount. In a few years time, you could easily stick a couple of zeroes on the end of those figures.
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  • Profile picture of the author pjlyons1uk
    Hey,
    I understand about the spending money bit, as a relative novice though I want to ensure the £20-30 a month adds value.
    So it can increase my traffic and list. In future I have no issue it maybe 100s or 1000s a month, just a pointer in the right direction would be nice
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    • Profile picture of the author fosu
      Originally Posted by pjlyons1uk View Post

      Hey,
      I understand about the spending money bit, as a relative novice though I want to ensure the £20-30 a month adds value.
      So it can increase my traffic and list. In future I have no issue it maybe 100s or 1000s a month, just a pointer in the right direction would be nice
      You are right.....

      For me $35 spent each month on ads solo has increase my list, but honestly not my earning....and still happy with as the list grow, the money will came later....
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  • Profile picture of the author MarketingBees
    Well without spending the £20-£30 a month you're not going to have a domain or reliable hosting and not going to have an autoresponder so it might not feel like it's adding value but it's pretty much essential regardless of the path you decide to take as an online marketer.
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  • Profile picture of the author pjlyons1uk
    Absolutely, just wondering as the basics are in place where the next £20 a month should be aimed as there are options upon options out there.
    I also understand the business principle of Amazon as described above it makes sense as long as the income is higher than expense.
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  • Profile picture of the author MarketingBees
    I wouldn't be so sure about that.

    See my reply here: http://www.warriorforum.com/main-int...ml#post9230402

    Basically, I wouldn't assume that building a list with solo ads is going to guarantee an income from selling your own/other's products. Just be careful that's all
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    • Profile picture of the author fosu
      Originally Posted by MarketingBees View Post

      I wouldn't be so sure about that.

      See my reply here: http://www.warriorforum.com/main-int...ml#post9230402

      Basically, I wouldn't assume that building a list with solo ads is going to guarantee an income from selling your own/other's products. Just be careful that's all
      I am myself a solo ad reseller with SOLO AD, while I was reseller I tested smaller my landing page 1st convert at 17% and was happy with that, but the more I buy each month I saw a decrease in CTR, and the best is no one buy, I set follow up message to feed my list up to 3 months....and the best no buyer...so I would assume you are correct in some how from what I read the link of your above of you threat....
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  • Profile picture of the author Gambino
    I believe you have to spend money to make money. Okay, you don't have to, aside from the essentials. But, it makes it a heck of a lot easier.. At least in my opinion.
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  • Profile picture of the author Dsdomination
    I guess every little mouse has it's own space on Google. Get a subniche and follow your own twists.
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  • Profile picture of the author ekup
    You have to spend money to make money. If you don't spend anything, you will spend your valuable time and be stuck in low profits.
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  • Profile picture of the author Khairi Hafizi
    Actually,to make money online doesn't necessarily need u to spend your pocket money..

    For example,if you got some talent in copywriting,for sure,you can be hired as a freelancer which will make some bucks for you..just advertise your expertise in fiverr or freelancer.com and there u go..!

    p/s: Knowledge/skills is the new 'money'..
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    • Profile picture of the author fosu
      Originally Posted by richestsecrets View Post

      Actually,to make money online doesn't necessarily need u to spend your pocket money..
      Don't agree with you....you need to spend money.
      Why? see next quote

      Originally Posted by richestsecrets View Post

      For example,if you got some talent in copywriting,for sure,you can be hired as a freelancer which will make some bucks for you..just advertise your expertise in fiverr or freelancer.com and there u go..!

      p/s: Knowledge/skills is the new 'money'..
      I agree with you.....
      actually the skill and knowledge you get I am sure you have paid and invest in the learning......and this specific point is stated in my post number 4....

      That's came to===> you have to spend and take out some money from your pocket...:)))
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  • Profile picture of the author infoway
    You actually don't need to spend money for online to make money. Instead you can earn enough money if you are skilled with proper talent which can actually make money online. There are wide arrays of options for building up online income like: content creation, website design and development, affiliate marketing, adsense and many more.
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  • Profile picture of the author Malteaser
    You need to start by setting your financial goals and then set a plan and you an figure out the spend. It also really comes down to what you decide to promote and how much time you are going to spend driving traffic. If you have a lot of time to spare then you can utilise more of the free methods. It also on the time frame you have in mind... if you want a 6 figure income ASAP then you are going to need a lot more money for traffic.

    Furthermore, are you going to promote low ticket or high ticket? If you promote high ticket programs then yes you will need more money but you are going be making a much more decent income (I am talking 6-7 figures) and far more easily.
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  • Profile picture of the author TZ
    $450 a month in costs. $300 for a writer we pay, and $150 in domains and hosting accounts.
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    • Profile picture of the author kilgore
      The money is negligible. $400/month for hosting, just bought a $2000 server for internal development, a couple hundred here and there for software and services, yada yada yada...

      But the real cost is the opportunity cost. How much would you be making if you weren't doing this? (Or how much free time would you be able to enjoy.) As a senior web developer/devops engineer, in my case it was a fair bit. Though to be fair, I didn't quit my job until the money I was making with my business was pretty close to replacing my salary.

      That said, even if you're only making minimum wage, you'd be giving up over $1,200/month working full time. To me that's a far more important calculation than whatever you might be spending on webhosting...
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  • Profile picture of the author E. Brian Rose
    It's all about scaling up. Years ago, I started with a budget of $10 a day to spend on AdWords. I only had about $100 to my name. After a few days, I was able to scale that up to $100 a day. I told my wife that I hoped to be spending upwards of $1500 a day in a few weeks. She thought I was crazy, but a couple of weeks later, I was spending $2,000 a day.

    It doesnt matter how much you spend, as long as you are able to get a good ROI out of what you spend. Heck, I'd be happy spending $10,000 a day on advertising if I were netting $10,500.
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    • Profile picture of the author greenowl123
      Originally Posted by E. Brian Rose View Post

      It's all about scaling up. Years ago, I started with a budget of $10 a day to spend on AdWords. I only had about $100 to my name. After a few days, I was able to scale that up to $100 a day. I told my wife that I hoped to be spending upwards of $1500 a day in a few weeks. She thought I was crazy, but a couple of weeks later, I was spending $2,000 a day.

      It doesnt matter how much you spend, as long as you are able to get a good ROI out of what you spend. Heck, I'd be happy spending $10,000 a day on advertising if I were netting $10,500.
      This : "It`s all about scaling up."

      It is possible to make money online without spending money. Will you make a lot of money ? Probably not...

      This is how I got started making money online, without spending a dime In This Post HERE

      I spent lots of my time though...

      Would I have made even more with that same method if I scaled it up by paying somebody to do the work for me ? Yes.... provided that I could find somebody to do a good job at it, and they did not charge me an arm and a leg to do competent work.

      In summary, it is possible to make money online without spending money, but it is easier and faster to make money when you invest your money to multiply your efforts / output. One person can only accomplish a limited amount just by his own efforts.
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    • Profile picture of the author johnben1444
      Originally Posted by E. Brian Rose View Post

      Heck, I'd be happy spending $10,000 a day on advertising if I were netting $10,500.
      The return on investment is the $500 you make extra which is a plus.

      Another way big corporation look at it is:

      If the CEO is to run the organization all by himself and spending $10,000 to make $11,000 and keeping $1,000 to himself. And he can hire a staff and spending $10,000 to make $11,000 while they split the $1,000 equal he would prefer to have the staff and earn $500 because he can hire more staffs so long as the business opportunity is huge.
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    • Profile picture of the author Venturetothetop
      Originally Posted by E. Brian Rose View Post

      Heck, I'd be happy spending $10,000 a day on advertising if I were netting $10,500.
      Whilst I agree totally with what you say about scaling and making an ROI (took me years to clock this as I always thought I could do it without spending a dime, then some rich dude slapped me hard and taught me to spend wisely in order to make more money) - I don't think a 5% ROI on 10k is healthy at all!

      If you are only making 5 or 10% returns, then what you are basically doing is gambling. A few bad days and all your money (inc profits) are wiped out.

      I met the VP at Odesk recently - they spend million each month on PPC and other advertising but their ROI has to be well over 50% (they were actually over 100%).

      The principle Brian speaks of is sound... just remember thought, that spending money is a risk, so do your research and make sure you get the best ROI you can. Anything else just risks you becoming your own pyramid scheme and that will get you nowhere.
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      • Profile picture of the author ronrule
        Originally Posted by Venturetothetop View Post

        Whilst I agree totally with what you say about scaling and making an ROI (took me years to clock this as I always thought I could do it without spending a dime, then some rich dude slapped me hard and taught me to spend wisely in order to make more money) - I don't think a 5% ROI on 10k is healthy at all!

        If you are only making 5 or 10% returns, then what you are basically doing is gambling. A few bad days and all your money (inc profits) are wiped out.

        I met the VP at Odesk recently - they spend million each month on PPC and other advertising but their ROI has to be well over 50% (they were actually over 100%).

        The principle Brian speaks of is sound... just remember thought, that spending money is a risk, so do your research and make sure you get the best ROI you can. Anything else just risks you becoming your own pyramid scheme and that will get you nowhere.
        The biggest companies in the world have effective net margins of 1-8% on average. That includes oil companies, retail giants, and all kinds of companies with market caps of over $100 million. It's all in how you scale it.

        You call that a gamble, I call it mitigation of risk - thin margins allow you to retain your position as the leader because your smaller competitors can't afford to compete with you on price. Amazon typically only profits 1%, and it's a huge part of the reason why they're the leader in the space - for them that 1% is still profits into the hundreds of millions. For companies with smaller gross numbers, they couldn't afford to only make 1%, so they'll never be able to establish a customer base large enough to become a threat.

        If you really want to win with Internet Marketing, change your goal structure... many people start with a small financial goal (say, $10K per month so they can quit their day job). The problem is that once you reach that number, whatever it is for you, you're now pocketing that cash instead of reinvesting it into growth like you were before and the growth slows down. I usually tell people who are just getting started to put NOTHING in their pocket for one year and re-invest 100% of what they make into a growth (marketing) strategy. Not only does this strategy allow you to get ahead, but it forces you to learn what it TAKES to make the top end numbers you're reaching.
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    • Profile picture of the author fosu
      Originally Posted by E. Brian Rose View Post

      It doesn't matter how much you spend, as long as you are able to get a good ROI out of what you spend. Heck, I'd be happy spending $10,000 a day on advertising if I were netting $10,500.
      Actually, it's matter for me....
      If I spend $100/month probably not, but if I gamble with $10.000 that's for me is a risk I am taking.....

      10.000 to spend can be looked as penny for big guy making 100.000/month
      10.000 to spend can be looked as huge money for poor guy...
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  • Profile picture of the author ErinWalsh
    Our company makes millions of dollars per year. Therefore, we spend thousands on our promotional efforts, and it helps. Our affiliates benefit from this because people know who we are.
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  • Profile picture of the author GGpaul
    A company I work for spends about 20k a DAY on PPC. That's excluding fb ads as well.
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  • Profile picture of the author inetguru_987
    I spent around $900 to get started but I already had a lot of knowledge with building websites, marketing and so on. Took 2 months to earn that back and then some. Currently I spend around $8k a month and make a very nice return on it however I'm building a lot if new things so that is higher than normal. I could get by on $2k or less per month which is pretty crazy. The gross margins in this business are some of the best in any industry.
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  • Profile picture of the author SuperKC
    When people say "I dont spend money to make money" they are not talking about $1. They are saying they don't spend thousands of dollars to make money.. they spend $10, $15, $20.. here and there and as much as needed but the point is.. compared to what they make.. its nothing. I setup one lead page a year ago and its done $550 in leads for me.. I spent $5 on content, $9 on the domain and $5 on backlinks.. so I would say "I didn't spend anything".. but I did spend SOMETHING. What I didn't do though is pay someone $200 to build the site and $100 to promote it to have a $550 revenue..thats considered 'spending money'.
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    If you like my posts please leave a thanks and message me if you wish for me to follow up with your thread. I enjoy engaging with entrepreneurs and ALWAYS willing to take the time to offer solid answers that you can take to the bank. Internet marketing has made me rich over the last +20 years and this is how I give back to the community for all of those evil popunders I used to sling in the 90s.

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  • Profile picture of the author FanPageLinks
    Hi.

    I currently spend a minimum of $50 a month in just automatic payments to keep my subscriptions and domains/hosting up and running. That's not even taking into account purchases from here and other places.

    The best of luck in achieving your goal

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  • Profile picture of the author copilu0
    It takes money to make money. Personally I spend $50-$100 each month for that.
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    • Profile picture of the author fraxool
      If you have knowledge in a particular area, spending money can be an "option".

      To speak with my own experience : I am a web developer / web designer, and I make money online with that. I make some "products" on some places which take a commission such as CodeCanyon or ThemeForest (for me)... But it's not a big deal (for the commission) because some of my customers contact me again to work with them after they have purchased my products...

      So you can earn money by making some good products without spending a dime.
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  • Profile picture of the author SuperKC
    I actually just wrote a blog entry on this if you want to check it out.. its basically a 'how to start a business broke' type article..
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    If you like my posts please leave a thanks and message me if you wish for me to follow up with your thread. I enjoy engaging with entrepreneurs and ALWAYS willing to take the time to offer solid answers that you can take to the bank. Internet marketing has made me rich over the last +20 years and this is how I give back to the community for all of those evil popunders I used to sling in the 90s.

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