Do you need money to make good money with IM?

35 replies
Suppose you had a little money like $100+ to cover Autoresponder, hosting, etc. but that's it. How would you create a good income from there? There's a lot of people who could use that advice these days.

Also, how feasible is it or do most IMers wind up spending lot more than that, if they want success that is?

(My sig is NOT the answer to this question. What's your answer?)
#good #make #money
  • Profile picture of the author Brent Stangel
    Learn email marketing and start building a list.
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    • Profile picture of the author GordonOliver
      Banned
      Originally Posted by Brent Stangel View Post

      Learn email marketing and start building a list.
      I am starting to get into that. Also, will keep aside some cash to invest in War Room!
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    • Profile picture of the author Jeffery Moss
      Originally Posted by Brent Stangel View Post

      Learn email marketing and start building a list.
      I'm going to second this idea as a list goes with you, no matter what product you are promoting within the same niche. And, even if you don't own a site, but merely promote via a Facebook group and then direct the members to an autoresponder newsletter box on a free hosted site (Wix, blogger, wordpress, etc), those subscribers will still be yours to market to.
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  • Profile picture of the author LarryHaywood
    A list is great but there are a lot of different methods and ways to start making money online. You would do yourself a favor to get access to elite level marketing.
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  • Profile picture of the author trump7
    I think you should need money but there are many methods to make money without money in internet marketing. If you have ablity and skills you can make good money with internet marketing.
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  • Profile picture of the author Sarevok
    A marketing budget definitely helps man, let's not BS one another.



    If you have no income streams... And no budget? You're going to hit a wall... Or fall into some quicksand... Fast.

    Just my $.02... (Of course, and naturally, there are other variables at play; like your connections, skillset, aptitude, luck, ability to expeditiously generate profit, ability to market at zero cost, and everything else. They're all variables. Just like your marketing budget).

    But that's not all. It often takes a full house to stay in the game; you can have the best marketing budget on the planet, and be lacking in those other areas, thus still be destined for epic failure.

    I'm also of the opinion... That if you don't have a budget and you're struggling? You'll literally *never* be in a creative, resourceful mindset. You'll constantly be "locked up" and tense; thereby reducing your ability to make effective, strategic and innovative decisions / investments / creations.

    (Naturally, I could debate for the other side that says agile development will allow for a thin startup cost in practically all "online business plans"... But I still think if you have zero budget, you're at a reaaaal disadvantage; even if you're doing seemingly inexpensive activities such as launching products / SEO / Ghostwriting... Or anything).
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  • Profile picture of the author NK
    You need a lot of money to make good money. At the same time you can lose a LOT more money if you don't know what you're doing so it's always a good idea to set aside a small budget to play with rather than going all out from the very beginning.

    To make some money without a budget requires time and effort and this causes a lot of newbies to get burnt out and start crying about how everything is just one big scam. If you want to take a low cost path, I suggest planning for the future. Start building up a social media presence, start building a list, set up a blog/site. You may not have much use for them now, but 3-6 months down the road you will have options to push for your marketing efforts.
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  • Profile picture of the author Phantom X
    To make good money fast, you need to invest. You can't expect to make a ton of money without some investment first. This is a business after all.

    However, a lot of money is not necessary to start something big. I started off with the cost of a website ($.99 with promo code from godady) and hosting for .01 from HostGator with a coupon.

    I did spend $15 for some quality articles because I was too lazy at the moment to write some articles, but overall a $16.01 investment for my business isn't too bad. I made enough in the first month of my website launch to purchase another month of hosting and then some. And then my income only escalated in the second month of the creation of my website. After that I was able to invest in other endeavors.
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  • Profile picture of the author JensSteyaert
    I would say that you don't need a good amount of money to get started. If you have the budget to pay for the tools needed, that's a big step (hosting, autoresponder, software etc...). Then you can basically start with free methods and reinvest the money you made.

    As with everything, if you have a budget to spend you will see results faster, but it's not necessary to make good money in due time.
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  • Profile picture of the author masterqif
    Yes, you need money to start IM.. especially when you dealing with hsotings, websites and list building. Some of them offer free, however I don't recommend them
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  • Profile picture of the author celente
    we started with free traffic, and then moved to paid traffic when the sales started rolling in.

    Always build a list first, and send all traffic to some sort of a squeeze page. Then do the selling via email after.

    We do very well online these days, and 30% of profits goes back into paid traffic. Always reinvest, and do like the big guys and gurus do, pay for traffic, its the quickest way to make money online and scale up campagns working.
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    • Profile picture of the author IntuitiveMonkey
      Originally Posted by celente View Post

      we started with free traffic, and then moved to paid traffic when the sales started rolling in.

      Always build a list first, and send all traffic to some sort of a squeeze page. Then do the selling via email after.

      We do very well online these days, and 30% of profits goes back into paid traffic. Always reinvest, and do like the big guys and gurus do, pay for traffic, its the quickest way to make money online and scale up campagns working.
      Hey Celente, What free traffic methods did you use? PM me the details of your $50
      program. As I said I have lots of local currency, but no us$. That makes things a little
      harder. But I know many free traffic methods and I know how to monetize pretty well.
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  • Profile picture of the author Justin Ford
    I think sometime it need money and sometime it need no money spend. It just depend on your ability. If you choose free offer everywhere then it need no money. But if you choose paid offer then it need more money. But i think if you spend money then you can get good result. Because i believe that Money should be make from money. So my opinion, if you make more and more money from IM then you need money. thanks
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  • Profile picture of the author IntuitiveMonkey
    I have plenty of money in the local currency in India, but many times if I want a product or ads or something, I need to invest in us dollars. So I am trying to build as much as possible for free. I am pretty good at it so far. I really appreciate your advice.
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  • Profile picture of the author Alexa Smith
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    Originally Posted by MonkeySimpleWay View Post

    Suppose you had a little money like $100+ to cover Autoresponder, hosting, etc. but that's it. How would you create a good income from there?
    $100 is more than I had when I started.

    You need a domain-name, hosting and to subscribe to an autoresponder - that's all. You can actually get a solid business going for half of that $100 if you have some marketing knowledge and skills.

    I became a ClickBank affiliate, and got fully up and running and profitable for about $60.

    Take no notice of people telling you that you have to have money to invest, to build a profitable business: whether you need to do that depends on what sort of business model you're going to adopt. There are many people here on big six-figure incomes who got everything started for well under $100. For me, there wasn't even a time, in the early days, when having a few thousand, or even a few hundred, to "invest" would have made anything about my business any faster, more profitable, or more secure. "Starting capital" doesn't have to be relevant at all.
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  • Profile picture of the author Global Content Services
    Banned
    You definitely need some money to get the fire started. BUT what you have right now is more than what others (money making IMERS of today) had when they first started. In my opinion, if you do not have cash in your card to use, this should not deter you from starting your career as an internet marketer. There are many ways that you can do in order to generate money (your starting capital for your main online business).

    Here are some examples:

    1. PTC websites - you do not need money to start earning from PTC websites. However, expect to spend months before you can earn your first $20-$50 per PTC website. If you are willing to spend that amount of time in order to generate money, then this is a good choice.

    2. Write - If you have talent and passion in writing, there are so many websites where you can apply as a writer. Example: iWriter, Odesk, Elance, etc.


    Investing money is needed if you want to make good money online. It does not have to be big money, though. However, the more you can invest, the more chances you have to earn big.

    Here's a classic example: You as a Warrior Member have the option to be a member of the general forum, or you can also choose to pay more (invest more) to be a War Room Member. By joining the war room, you will be able to have more resources to boost your knowledge in whatever niche/field you are focusing on. That knowledge will help you become better in your niche, which will eventually result to bigger earnings. I myself would love to be a war room member after I am able to get a good feel of what its like to be a member of this forum.
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  • Profile picture of the author Adie
    Skill set and hard work are more important than money, but having some money do really help.
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  • Profile picture of the author talfighel
    You do need money to make money online. One of the main reasons why people fail is because they don't want to invest any money and want everything for free.
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  • Profile picture of the author Evan H
    I didn't start seeing great results until I invested money into my business...This especially was the case with paid traffic...Free traffic is great if you can get it, but I see much quicker results using paid methods
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  • Profile picture of the author LegendaryGuy1
    Banned
    You don't actually need a marketing budget but it sure helps though. If you have $100 to spend, you'll want to spend it wisely right? That means you have to see how much each of the requirements cost. If you find that you won't have enough left over after all the fees are paid, then you can't really do anything about it. You could get a part time job which supplies the marketing budget with a spare few dollars so that you always have enough money to spend.

    I would most definitely build a list, you've heard it before, I don't need to repeat it again. A list is the best way to add additional income, it can build a base of avid reader and help you find success from writing emails and sales letters to promote products.
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  • Create something people want then sell it!
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    soon people... Relax...
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    • Profile picture of the author pknerd
      Originally Posted by HelpingYouBeAnExpert View Post

      Create something people want then sell it!
      Easier said than done
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  • Profile picture of the author Zodiax
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  • Profile picture of the author IMProductReviews
    You can make little income by using free strategy's but very unlikely to make a living from it but that is my opinion. I am currently in a business opportunity and also investing upto $300 per month
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    • Profile picture of the author Alexa Smith
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      Originally Posted by IMProductReviews View Post

      You can make little income by using free strategy's but very unlikely to make a living from it
      Really large numbers of people in this very forum are counter-examples to that, Louis.

      .
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  • Profile picture of the author manishak
    You can't make money out of thin air! You need to invest some in order to earn some. If you are planning to promote a product, at least you would need a website where you will promote, and that would require a min investment for purchasing hosting plan, domain name, developing it and writing content. Then you would need traffic that converts! Well, the story goes further... basically, yes you need money! Free stuff rarely works!
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  • Profile picture of the author sethczerepak
    It depends.

    If you're willing to put some real thought into your business, position yourself well, and if you pick a niche you actually know something about and invest your time into creating content that people will read, you can build a business for just a few thousand dollars.

    If you can't (or won't) do those things, you MIGHT be able to start one for 50 to 100 thousand.
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  • Profile picture of the author Vid Yo
    Time OR Money.

    There's just no way around it.
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  • Profile picture of the author datingworld
    I would assume it depends on one's skills.
    If one has certain skills, he / she might not need much money to make money out of it
    On other side people lacking skills would need money to make money. They would need to invest in learning first before implementing his / her learnings to make money out of it.
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  • Profile picture of the author extrememan
    Well when I first got started I was paying monthly about $45. Then as time went on. I was using paid marketing. So my monthly cost was about $100. if I had to start again and had to focus on one thing only, it would be building a list. If you have a list you have an assist and that can't be taken away from you. List building is the way to go.
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  • Profile picture of the author phrolove
    List Building.....List Building is the chorus here. Need someone to talk more about this pls
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    • Profile picture of the author Karen Blundell
      Like others I started with less so your $100 is a good start - just keep- reinvesting time or money or both into your business so it will grow.
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