Making money online with little or no money invested is the dream of most aspiring internet marketers. This arises for some reasons which primarily are :
- Scams on the internet – It is widespread knowledge that there are a lot of scams on the internet and so those trying to start an online business are desirous to first have a practical confirmation of the authenticity of any business opportunity before investing at all or increasing their start up investment.
- Availability of little or no money – It is quite noticeable that most new entrants into internet marketing do so at the point when they just do not have enough funds. In fact a sizeable number are looking towards internet marketing to get them out of their present deplorable financial situation.
- Caution at the outset while “testing the waters” – This is a natural business phenomenon. It is instinctive to initially test new products or businesses with little funds investment and on being successful, plow in larger investment to reap greater returns.
What is confounding to most starting an online business is how to go about achieving the dream of making money online with little or no money invested.
Let me highlight below some ways to make money online with little or no money invested.
Though you can get a FREE wordpress.com or blogger blog easily set up, i will not advise this. I will rather advise you set up a wordpress.org blog on your own domain and hosted by the best web hosting service. This foundation is where i advise you spend a little money which is still not a significant sum. Getting a domain will cost about $10, downloading wordpress.org is free while setting it up is easily done at the press of a button at the best web hosting service, FREE. Hosting at the best web hosting service starts at $4.95 for shared hosting and all these totals about $15.
Why am i advising you to invest this $15?
For the following reasons:
- To have complete control over your site/blog.
Many who start an online business with the FREE blogger blog or wordpress.com have suffered a shut down of their blogs/sites after violation of the advertising or other terms of these services.
These services severely limit you from advertising and since your blog/site is hosted on their server, you run a great risk given the volume of work and time you may put in with the possibility of a shut down.
- So as not to loose SEO(search engine optimization) advantages which arises through added content to your website when hosted on your own domain.
Where your website is not hosted on your own domain but rather with the FREE blogging services (wordpress.com, blogger etc) your content would not count as added content to your website which in turn should increase your website ranking.
As you progress, it is advisable to get a website set up which will make your business look more professional and thereby attract more visitors. You can also get this done FREE by getting money making websites.
Once the above is done, “voila!”
Begin to target the following income generation avenues :
Adsense – AdSense is an ad serving application run by Google Inc. Website owners can enroll in this program to enable text, image, and video advertisements on their websites. These advertisements are administered by Google and generate revenue on either a per-click or per-impression basis.
You require a significant volume of posts on your blog to make reasonable income from this source. You also need to have done your research well to identify high paying keywords to target.
Offering a service on your blog – This can include offering a service in your area of competence e.g. research and analysis of various data and processing same into much sought after information for the use of other webmasters for a fee.
A perfect example is top article directories, even though i am not currently charging a fee for the service i am providing to other webmasters in this case.
Freelance Jobs – Website design and programming, writing articles etc for a fee.
Online Surveys – Though this is a niche that is laden with scams, with proper guidance you can identify a reliable company that you can start an online business with, conducting surveys, FREE.
I will immediately recommend Cashcrate to you as one such company.
Trading Links – In this case, you start by working towards your objective which is to get your site to have a high page rank. This will take some time (approx. 6 months).
Once your site has attained a PR of 4 and above, you will discover that many webmasters will want to post their links on your site to get some “link juice” .
You can capitalize on this by charging a token and before you know it, you have a regular income. You have to keep updating your website and getting more backlinks to maintain and even improve your site’s performance.
This is akin to the biblical saying that “Seek ye first the kingdom of God and all other things shall be added unto you”. In this case, just pursue a high Page Rank and you will soon discover that many income sources will open up.
Affiliate Marketing – There is some similarity between this business model and drop shipping, described below.
Here, the affiliate marketer promotes goods/services of his principal and on sales being made through his link, earns a commission.
This in most cases does not require any investment and a good example is SFI(Strong Future International)
Drop Shipping – Drop shipping is a supply chain management technique in which the retailer does not keep goods in stock, but instead transfers customer orders and shipment details to either the manufacturer or a wholesaler, who then ships the goods directly to the customer. As in all retail businesses, the retailers make their profit on the difference between the wholesale and retail price.
Some drop shipping retailers may keep “show” items on display in stores, so that customers can inspect an item similar to those that they can purchase. Other retailers may provide only a catalogue or website.
This is a business model that can be operated with little or no money.
The above are a few of the many ways you can make money online with little or no money invested.
One thing that is common to almost all is the necessity for a regularly updated blog and getting continuous massive backlinks pointing at various posts on your blog as a leverage to making sales, irrespective of whichever of the above ways to make money online with little or no money invested, that you opt for.
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