Monday, April 21, 2008

How Much Money Do I Need To Make Money Online?

We’ve all heard the saying, “It takes money to make money.” And in many industries that is true. It takes a substantial amount of money to open any type of brick and mortar business. You need to pay for the building, employees, inventory, electricity, and more. These expenses can effectively price you out of owning a brick and mortar business.

But how much do you need to make money online? If you are on a tight budget, you can establish a very profitable online without investing a cent! How?

1. First of all, you need a computer with an online connection. If you don’t have access to a computer at home, you can go to an Internet café. An Internet café is a business that provides computers (along with an Internet connection) to their customers. This is an easy and inexpensive way to get started if you have little or no money and don’t have a computer.

2. Once you are online, you need a website in order to make money. You have two options here: There are hundreds of sites that offer free websites. You can find them by doing a search for ‘free websites.’ Then, choose the one that best suits your needs and resister. It is that simple.

However, in order to operate your own website, you need some knowledge of the computer language called html. If you are not familiar with html, you can use a free blog instead. You can do anything with a blog that you can do with a website. So, if you have no computer knowledge you should start out with a blog. You can find hundreds of free blogs by doing a search for ‘free blogs.’

3. How about making money? There are thousands of ways to make money online. I’ll get you started with one technique here. First, you need a product. It is easiest to find and sell products through an affiliate program. So, what exactly is an affiliate program? An affiliate program is an easy method of making money on the Internet. Begin by registering as an affiliate with a company (called the merchant). ClickBank is one of the largest affiliate companies online and you can register with them for free. They provide you with products to sell. Your only job is to refer people to the merchant’s website. Each time one of your visitors buys a product from the merchant, you collect a commission. The merchant is responsible for developing the product, negotiating the actual sale (through their website), handling the payment collection, sending out the product, and handling any problems. Your commission can vary according to the merchant and product but generally ranges between 30% and 75% of the sale price.

The nice thing about affiliate sales is the fact that you can get started for free and you do not have to worry about any of the details. You do not need a merchant account, or any type of shopping cart. And the merchant takes care of the sale, dealing with customers, and delivering the product. Your only responsibility is to send people to the merchant’s website, they take care of the rest.

Millions of people have started their online businesses using these techniques and are making very nice profits today; some of them make six figure incomes. So, if your finances are limited, use some of the techniques described above and start making some money!

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