The costs of starting an internet business are tiny, compared to a business in the 'real world'.
How about this example from my own business: Several years ago I left a job, and jumped into running an internet business full time.
I'd had some experience running a part time internet business, but was not expert by a long shot back then...
And this may surprise you, but the investment in my business was only $800.
That was personal money put into the business to get it going, and I've never had to put any more of my personal money in - that $800 has compounded into an awful lot more.
So what did I spend that $800 on to start the business? Here's a few of the items:
And with hard work, have turned that initial $800 investment into over seven figures in sales.
So internet business start up costs can be surprisingly low, especially compared to starting a 'real world' business like a Dominos Pizza franchise for example.
And as mentioned in this article, costs have come down over the years - I spent $800 getting my business going, but you can probably achieve the same for $200 now.
But be aware - if you're not prepared to spend money on advertising initially, then you need to grow your business using free marketing tactics (like writing articles), and those take time and effort, and require consistent commitment to get the results you want.
How about this example from my own business: Several years ago I left a job, and jumped into running an internet business full time.
I'd had some experience running a part time internet business, but was not expert by a long shot back then...
And this may surprise you, but the investment in my business was only $800.
That was personal money put into the business to get it going, and I've never had to put any more of my personal money in - that $800 has compounded into an awful lot more.
So what did I spend that $800 on to start the business? Here's a few of the items:
- Getting set up with a payment processor.
I used WorldPay at the time which cost several hundred dollars to get an account with, but you can get set up for free with PayPal now.
Or a service like 2CheckOut only costs around $50 in set up fees at the moment. - A service for managing my email list.
As little as $20 a month. - A web host of course - perhaps $20 a month to start with.
The cost of this did increase as my websites became more popular. - Buying domain names - more expensive a few years ago, but now as little as $8 a year each.
And with hard work, have turned that initial $800 investment into over seven figures in sales.
So internet business start up costs can be surprisingly low, especially compared to starting a 'real world' business like a Dominos Pizza franchise for example.
And as mentioned in this article, costs have come down over the years - I spent $800 getting my business going, but you can probably achieve the same for $200 now.
But be aware - if you're not prepared to spend money on advertising initially, then you need to grow your business using free marketing tactics (like writing articles), and those take time and effort, and require consistent commitment to get the results you want.
SHARE
