Let’s Get Real About The Internet!!
I can honestly say each week I get asked these same questions, either by email or within the Wealthy Affiliate.
- How Much Will It Cost Me To Start A Business Online?
- How Much Money Can I Make?
- How Many Hours Do I Need To Work Each Week?
- I Need To Make XXX Amount Of Dollars By The End Of The Month How Can I Do That?
- How Long Will It Take Before I Make My First Sale?
- Can I Start A Website For Free?
These are all valid questions – and mostly come from people that are new to wanting to make money online.
Unfortunately there is so much crap being sold online regarding what it takes to build a profitable business online that many people are being lead down a primrose path of lies.
So with that said let me answer these questions.
Note: If you’re looking for someone to tell you what you want to hear this is not the post for you – this is the truth.
How Much Will It Cost Me To Start An Online Business?
There are 3 things you’ll need to get up and running. Everything after that is optional.
1) You want your own top level domain name. A top level domain name would be for example: .com – .net – .org
With a top level domain name it’s like having your own brick and mortar store in the real world, it’s your hub the place you’re going to conduct business from.
It gives you an identity and the ability to brand yourself or your product. It also shows professionalism and does provide people with a certain level of trust.
You can buy your domain name from many, many different places but I would recommend NameCheap. Just as the name suggests a domain name is cheap.
A domain name on average will cost you between $4 to $10 per year depending on the extension you buy.
2) Next you’ll need web hosting. This is the place that your website will be, think of it as your businesses location.
Again there a plenty of places to get hosting but I recommend HostGator.
Hosting starts a little as $4 per month but the average is $10 per month. And best of all they have live 24/7 customer service, that you can call or chat with online.
3) It’s best to have an auto-responder. An auto-responder gives you the ability to capture peoples contact information.
When building your business you need to build a mailing list. Not everyone that comes to your site is going to buy what you’re selling, yes some will but not everyone. In fact on average 97% of the people that come to your site will not buy anything.
Don’t be discouraged buy this – they really don’t know you (yet). So if you can get them on your mailing list this gives you the opportunity to build a relationship with them.
And once they know, like and trust you they will buy from you and they will do it more than once.
I recommend Aweber this is the best of the best when it comes to auto-responders. This will cost you monthly around $19 or yearly $200.
OK let’s do some math.
It will cost you to start your online business:
$10 for your domain name, $10 per month for hosting and $19 per month for your auto-responder. So you’re looking at an upstart of about $40 to get the basics.
And then an ongoing cost of about $30 per month to keep things live.
Or if you have purchased things by the year then your business will cost around $304 to start (this includes current discounts) and that much or so each year there after.
I use all of the above services I use for my online businesses each and everyday.
How Much Money Can I Make?
The short answer – the skies the limit.
The only limit on how much money you can make online is up to you. Lots of people come online just to make a few extra bucks a month and then others have the goal of earning a fulltime living.
You’re not going to make $20,000 in 30 days – like the useless so-called guru’s pitch people everyday and suck into their lies.
If you remember that and not fall for their lies you’ll be light years ahead of most people online trying to earn a living.
It’s not going to happen overnight, you’re building a real business and that takes time.
Dedicate yourself to building your business and then what you earn is up to you, not the pipe dream of some loser so-called guru.
Can you tell I really hate these so-called gurus?
How Many Hours Do I Need To Work Each Week?
This really is up to you. And there is no right or wrong amount.
I come from the place of…
“If you’re taking one positive step towards your goals each day you will reach them”
Now with that said and from the people I know who have started from scratch most people on average spend 1 to 2 hours per day 5 days a week building their business.
Yes some can put in more time, but people have lives, they have families and other responsibilities to attend to, so you need to be realistic on what time you can invest.
Remember this is a business you’re building and it will take time, so by investing 1 to 2 hours per day in your business 5 days a week will absolutely get you to where you want to go.
Just make sure when you’re working on your business during the time you have set aside to do so.
This means don’t be on facebook or skype. Turn off your email and cell phone and any other distractions. The time you spend on building your business is valuable – so you want to make sure you make it count.
I Need To Make XXX Dollars By The End Of The Month How Can I Do That?
More times then I care to mention do I get an email from someone who tells me they need to make their rent or they need X amount of dollars by next week and they want to know how they can make that money online.
And my response is always short and sweet YOU CAN’T!!!
I blame all the so-called gurus peddling their shit products for this. They tell people that with just a simple push of a button they can make $20,000 in 30 days.
Really – come on give your head a shake and listen to your mom. If it sounds to good to be true it is.
If you need to make money for your rent or for what ever else it is – go get a part time job or an additional job, that’s how you’ll get the money.
How Long Will It Take Before I Make My First Sale?
This depends on many factors, most of which is doing the proper research into the market (niche) you’re going into and understanding how to drive traffic or I should say drive buyers to your website.
But from my experience I can say you can see sales anywhere from 30 days to 6 months.
Let me use myself as an example.
In November of 2012 I started in a brand new and very competitive niche and in the 3rd month I got my first sales – a little over $250. Now at the time of this post I’m making over 4 figures per month and it’s growing each month.
Look I’m not here to blow sunshine up your skirt, it does take a certain understanding on how to pick a profitable niche and how to drive traffic to your website. But once you have this knowledge you now have the ability to make money in any market that interests you.
If you want to learn exactly where to get this knowledge then Read This
Can I Start A Website (Business) For Free?
Actually you can.
I get asked this question the most. People are on a budget and they want to start their business well for a lack of a better word on a “shoestring”.
You can use Blogger.com or WordPress.org to start a website for free.
But there is one MAJOR problem with using these free options. You DO NOT own the content of your blog.
Because you have your blog on their servers everything that is on there is not yours.
So this means at anytime if Blogger or WordPress feel that the content on your blog violates their polices they can shut down your blog and there is nothing you can do about it.
So in a blink of an eye everything you have done all your hard work can to taken away. You have zero control over your business, you certainly don’t want that.
However there is a great option available to you where you can have not 1 but 2 free websites and you are in complete control and own everything and yep you can do it all for free.
Look it’s no secret that I’m a member of the Wealthy Affiliate
If you’re just starting out this is where you need to be – this will save you years of frustration and more importantly it will protect you from all the BS and lies from the so called gurus selling their shit products about making EASY money online.
And like I mentioned you get 2 free websites plus free training, hosting and support.
Click here and I’ll take you on a personal video tour of the Wealthy Affiliate.
After the tour you can join the WA for free and when you do I will personally help you build your business.
I hope you found this helpful if you have any questions or comments please leave them below.
I believe in you!!