How To Start An Online Business On A Budget

An online business allows you to run your business from anywhere.

Today I want to discuss with you my personal opinion (i.e. what has worked for me) on how to start an online business on a budget. Yes even if you are broke and low on cash, you still CAN start building something that will hopefully make you a nice profit in the near future.

People (on and offline) often ask me about what I do exactly to earn a money from home.

Well I do a LOT of things….

I do blogging, affiliate marketing, social media work, advertising, content marketing, etc… So no it’s not “instant cash when you wake up” it’s actually a 14-15 online marathon everyday!

Let me tell you; starting an online business actually involves starting a business. It’s super hard work and if you’re doing it on a tight budget, it may be even harder. Just know it’s all worth it at the end. 🙂

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Also working from home is not for everyone, it requires a deep passion for what you’re doing and a lot a lot of dedication & focus…

Anyways, let’s get on with it ..

So… you can actually start earning online without having a “business”. You can do freelance work on sites like Fiverr.com and PeoplePerHour.com.

You can start earning instantly on these sites and it’s great to get going but let me make this clear: It is not a “business”, by that I mean:

  • It is not scale-able
  • It is not self sufficient
  • And it’s more of a job rather than a business.

So if you’re looking to just “start earning money” stop reading here and go on and create a profile on People per Hour, the rest of this article is not really for you…

Starting An Online Business On A Budget

Would you believe me if I told you you can start an actual online business right now, well after you read this article that is, for just $3.98. (And even that is optional too but it is recommended).

All you need to start an online business is:

  • A dream (that’s free)
  • A passion (also free)
  • Time (I know your time costs money too but you’re investing it your business)
  • Lots of support (Keep reading, you’ll get this for free too)
  • A domain to build a website on (That’s the $3.98 charge but you can get a free one here)

Those are the main 5 “ingredients” you need to start an online business. How’s that for keeping in budget?

Let me explain in brief these 5 components…

A Dream

If you dream of one day being free of the 9-5 grind, than you have the dream. If you can dream it, you can achieve it. I know it sounds cheesy but it’s true. You can do it, I believe in you because I know how big this dream is to you, trust me I’ve been there.

A Passion

Starting an online business takes time and a LOT of trial and error, you need to been absolutely passionate about your business or otherwise you’ll lose interest in it in two weeks, again trust me on this, I’ve been down that road too.

If you’re passionate about dirty underwear, start a blog about dirty underwear. I assure you with 2 billion people online, you can monetize that shit, pun intended.

Time

Time will be your biggest enemy here. You are building an actual profitable, running business. As I said earlier: If you want to earn money instantly, go create a profile on PeoplePerHour. An actual business takes months to start turning a noticeable profit.

If you can stand the test of time, then you’re so far have 3/3 in. Only the last 3 easy steps to follow….

A website

The  $3.98 domain you just purchased is for a website, which will be your foundation of your business. If you translate it to traditional offline business, your website is kind of like a storefront. It’s how you showcase what your business is about, it’s the first thing your customer sees.

Now as I said you can get a free website to save you the $3.98 charge but it is very advisable to OWN your storefront. If you own the domain, nobody can take that away from you. So it is very advisable to purchase one, you’ll also need hosting if you have your own domain, but that could be free too, read on… 🙂

Lots of Support (and free hosting)

My personal number one place to get support and learn how to run a profitable online business is Wealthy Affiliate. It’s a community of like minded people that are there to learn from the most advanced online business education courses available.

Apart from also getting to share and “mingle” with online marketers and business owners that are actually “doing it”,

Here is what you also get from Wealthy Affiliate:

  • Live 24/7 support
  • 2 free websites
  • Free tools to get going
  • 2 major courses
  • 13 classrooms covering everything from SEO, Video Marketing, Local marketing, WordPress etc..

AND….

  • Free Hosting! Yes by becoming a member, you can save the hosting fees (usually about $10 per site per month)!

How great is that!? Did I mention it’s FREE to join WA as a start member?

Check out Wealthy Affiliate by clicking the banner below….

So there you have it folks, it’s on you. You now know how easy it is to start an online business on a budget, well the basics anyway.

Have you got $3.98 to spare? Is your dream of starting a business worth that much to you? Do you owe yourself the time to fully give your best by enrolling in the best online community available to learn this business?

Let me know if I can be of any help to you by dropping me a message below. I am super passionate about this subject, hence this long post (sorry about that LOL) and I’d love to help you get going! 🙂

Also while you’re here, check out how the internet can help you SAVE money too! Also if you’re a blogger, you may need to check out these hot tips I got for you 🙂

Thank you for reading

Chris Lee Vella