“You have to spend money to make money”
This is a favorite quote tossed around by most people when someone starts talking about starting or growing a business. And while this is definitely true for offline brick and mortar businesses, it’s not always the case when you start a home business online.
It’s important to understand something though. While you can start making money online without spending any money, success will come to you much more quickly if you DO spend a bit of money from the start.
Making money online without spending any money is very possible to do. In fact, hundreds of new people start doing so each and every day. When you start an online business from home with absolutely no money to invest however, you usually have to make up for the money shortage by investing a lot of time and effort.
The three primary ways of making money online with no money are all similar techniques and they often overlap in several ways.
1. Affiliate Marketing. As an affiliate marketer you can simply promote someone else’s product and each time a sale is made through your promotional efforts, you earn money in the form of a sales commission.
Making money as an affiliate is an excellent way to get started without having to invest your own money, because you can take very simple promotional steps such as placing advertisements at free online classified sites. You can also set up a free website or blog and create content designed to attract people’s interest in the product you’re promoting.
If you have a knack for writing you can also create articles about the product or related to the product, and distribute those to various article sites around the web. There is no cost for distributing your articles as long as you follow the site’s rules about what’s allowed to be posted. With articles, you could start generating traffic and sales to the affiliate product, thereby earning a percentage of each sale in commissions.
2. Advertising Revenue. Another excellent way to start making money online without spending any is by generating advertising revenue. Probably the easiest to start with is the Google AdSense program, but there are hundreds of other websites which will pay you to place advertising on your website. And sometimes you can even find companies who are willing to pay you for advertising space directly, but usually you have to have a popular website with a lot of visitors coming to it each day before this can happen.
Using ready made advertising systems such as the Google AdSense program allows you to start making money even when your website is still small, and your traffic levels are low. You can start completely free by using a site such as Blogger or Squidoo, and creating content around a specific topic.
Making money from advertisements is not usually a quick way to start making lots of money online. Because the amount of money you earn depends on how much traffic you can generate to a given website, this type of online money making generally starts slow and builds up over time with a lot of effort. You can make money the first day of getting started, but it’s often just a few pennies at best. Putting the time and effort into this online business model can reap great rewards however, and eventually you may find yourself earning $50, $100, or even $200 or more every day.
3. Giving Things Away. This method of making money online is quite popular, because you don’t have to convince people to spend money in order to make money yourself. Instead, you offer people a free sample product, coupons, or even information such as car insurance quotes. Each time someone takes advantage of what you’re offering, you’ll earn a specific amount of money.
Using this technique is as easy and free as the previous ones mentioned. You can place advertisements at free classified sites, create free websites, and write articles to help get the word out about the item you’re giving away.
You can make money without spending money in the online world, but be prepared to invest a lot of time to make it happen.
Until next time…