Do you need money to make money? In the offline business yes, of course, you need money to make money. You cannot set up a brick and mortar business without a capital. You are going to need a considerable amount of money before your business could even start.
You need to set up a place for your business. That costs a lot of money. Then comes the other expenses like equipment, employees salary and of course the capital for the product you are going to sell if it is a store.
Once this kind of business is running, you will easily have sales coming in no time. You just have to remember that you are still not on the upper hand yet unless you get your return on investment. How long? You are lucky if you will get it in one year. I have experienced that myself. It is nice to see money coming in every day, but the sad reality is it is not returning the investment amount yet. You have to wait for a long time.
Is there any option that is better than a brick and mortar business?
Yes, it is an online business. It is the only business wherein you only have to spend a small amount of money to get it running. For $49 a month or $359 a year you will have a legitimate business running. Return of investment? If you really work on your online business, in six months or so you will see results and probably all your yearly subscription is self-paying and you earn extra for yourself.
There are so many people that are really successful online, some earn their income full time as an affiliate, some become millionaires just by blogging. Take Pat Flynn for example. If we go further, the founders of Wealthy Affiliate, Kyle Loudoun, and Carson Lim are millionaires. There are even members of Wealthy Affiliate that are well to do itself if not millionaires.
Where is the best place to start?
I am already seeing small success myself as of this writing as I am still approaching my eleventh month in Wealthy Affiliate. I learned to build websites and how to monetize my blog. One affiliate program I joined which is eBay Partner Network is paying for my yearly $359 in Wealthy Affiliate subscription through commissions. It is also paying the premium tools I am using on this website, and that includes this Genesis Platform and White Space Pro theme which is a little expensive, but I really love. I learned to do this The commissions I get from Wealthy Affiliate? This my biggest monthly pay in Wealthy Affiliate. That’s already my money. If we talk about Return of Investment, I already got it. I am not successful yet but I am seeing returns from my efforts.
Don’t you think it is about time for you to start your research and investigate further this Online Community of more than 800,000 Online Entrepreneurs? Try to google Wealthy Affiliate and see for yourself if it is a scam. If you are convinced it is not a scam, isn’t it time you try it? It is free to join and no credit cards required. You can even have two free websites to start with. So act now.
Please check this blog of Kyle titled It Takes Money To Make Money, the Fallacy.
Feel free to ask questions, post comments or subscribe to my email list to be the first to get the updates and offers. You may also visit me so I can answer your questions directly at Wealthy Affiliate.com ( my profile page)
I am Den and I am the owner of this Website. I finally quit my job in Aviation to do my online business full-time.
I love doing this online business as I love to help people quit their day jobs to do the things they really love. You will mostly find me hanging out at the coolest site to learn online business.
Visit me so I can answer your questions directly ( link to my profile page )
True, an online business can be started absolutely free of charge and once you earn money you can invest it in your business to make it grow quicker.
The online world has given us a lot of opportunites. Like you mention affiliate marketing is one great way of earning money selling other peoples products. You can also set up an online store and sell your own product. The cost for this is still much less than a brick and mortar business and you can sell your products all over the world, expanding as you go along.
Like you say Wealthy Affiliate is a great place to start if you are a beginner.
Thank you for a good post.
Hi Jojo !
I agree that online business is the best way to do business these days. It does not require a lot of money for investment. Wealthy Affiliate provides is an excellent platform to learn how to do this. You can even start absolutely free.
Thanks for the comments,
Den
Getting return on your Wealthy Affiliate investment is in itself a good achievement. Congratulations!
Most people just need the first commission to convince them that online marketing works. Once you make $100 a month, making $1000 a month is just a matter of persistence and scaling.
Hi Edward!
Thank you very much. Yes, I do have the motivation now to keep doing what I am doing. Hard work really pays.
Wealthy Affiliate is an excellent platform to learn all the skills and get the community support you need to succeed in online business.
Thank you for the comments,
Den
I am a firm believer that you do need money to make money. Sure you can get by the free option but it will take you longer to do so. I know that you can’t get rich quick but I do not want to drag out the process.
That’s great that your Wealthy Affiliate membership is already being paid for. I will have to check them out and see what they can do for me.
Thanks,
Owain
Hi Owain!
You can have a business online without a real working capital. What you need is money for the training and web hosting. Wealthy Affiliate provides all of this for just cents compared to other platforms.The only money you need is $49 a month or $359 a year. You get all the training, the community support from more than 800,000 online entrepreneurs. You can even be a member for free no credit cards required.
Thanks for the comments,
Den
Hi there! I just wanted to drop you a quick comment as I have just read your article on starting up an online business. I can relate to what you are saying here. I wanted to start my own business over a year ago. I couldn’t afford to start a bricks and mortar business so like you advise here in this article, I started an online business.
In my first months in business I simply concentrated on making the business pay for itself. This way I had no out of pocket expenses. A year on and I am making some good profit doing this.
My advice to anyone thinking about giving this a try is to take action and start working on your own business. This advice given here is well worth following.
HI Andrew!
The internet offers an opportunity for anybody to start a business without a huge capital like in a brick and mortar business. All you need is training for the skills required, build a website, set it up and you will be in business. You still have to invest a very small amount of money but then it is very easy to gain it back so like you said you will have no out of pocket expenses.
Thanks for the comments,
Den