Do You Have to Have Money to Make Money Online?

by Mike on November 17, 2009
in Mindset

The short answer is, “No.”  You can effectively launch an Internet marketing career without a single dime.  All you need is a computer and an Internet connection, which technically does cost money, but I’m assuming you have those two components already.

Many a marketer has gotten his or her start as an affiliate marketer.  Aside from shuffling around in your attic to find something you can sell for a profit on eBay, affiliate marketing is your best bet for a zero-dollar start-up business in the Internet marketing industry.

All you need is a free ID that you can get on PayDotCom, Amazon, Commission Junction, LinkShare, or ClickBank (to name a few), and the ability to learn about free traffic sites and you can begin generating an affiliate income without investing a penny of your own money.

That said, it’s best if you save a few dollars here and there to invest in some tools that are going to make your Internet marketing efforts a whole lot easier.  For instance, you could sit around and brainstorm for five days to get a list of keywords – or, pay for Micro Niche Finder and harvest thousands of keywords in less than an hour.

You could also use nothing but web 2.0 social sites that are free, such as HubPages or Squidoo, to host your content and affiliate links.  Or, you could pony up the $9.95 one-time fee for a domain name and $6.95 a month for hosting and have your own business presence on the internet.

You can also spend days and weeks searching for information about how to do a task that will help you make money as an Internet marketer – such as how to master pay per click advertising. 

Or, you can invest in a step-by-step guide to shorten your learning curve.  What most marketers suggest is to take a look at your budget and see what you have to invest.  If you have to start out with nothing, go for it – but set aside a few of your profits to pour back into your online efforts. 

Everything you’ll invest in is built to ease your workload and hasten the procedures, so your income will increase faster and with less input from you as you learn to wield these tools in your favor.


6 Responses to “Do You Have to Have Money to Make Money Online?”
  1. La Digue (8 comments.) says:

    Thanks for sharing this precious information. I’ve checked out some web 2.o social sites. They are really interesting and can indeed be utilised to drive traffic to a website. Great post.

  2. Dennis Edell (46 comments.) says:

    To really make a good go you really should have a site hosted with domain and all that jazz, but you’re right…very little is really needed.

    Welcome back and congrats daddy. ;)
    Dennis Edell´s last blog ..IS An Advertising Page Really A Good Idea? An Interesting Opposing View…

  3. Walter (2 comments.) says:

    Yeah, I agree with you here. Making money online needs the right knowledge, if you don’t have money to start with. :-)

  4. shuvo (1 comments.) says:

    you are right.It is possible to make some money without spending a single dime.Your article is helpful.But what is it means free traffic.R u indicating to traffic exchange sites?
    shuvo´s last blog ..Online Income For Voting

  5. Internet Business Coach (2 comments.) says:

    You can also use blogger to create a sales page and promote your affiliate links, blogger is also a fast track way to get signed up with adsense.
    Internet Business Coach´s last blog ..4 Steps To Make More Money Online in 2010

  6. Mike says:

    No, I definitely recommend traffic exchanges. Many of those services that guarantee 10,000 hits or whatever use popunders or automated scripts to levae lots of page impressions but little if any real traffic.

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