The beauty of starting an online business is that we don’t need premises, we don’t need staff, and we don’t need a big budget. In fact I’m going to show you two things you can start today on a budget of less than $200.
Start a Blog
The great thing about blogging is that we can use it as a vehicle for promoting affiliate products. In case you’re not sure, affiliate marketing is a way of getting paid referral commissions for recommending other people’s products or services.
Referral commissions can be as high as 50% of the price paid by the customer, or as low as 2%-3%, depending on the type of product or service.
Digital products and services tend to pay higher commissions than tangible products because the product or service owner has much lower overheads.
Blogs are ideal for attracting free visitors from Google and the other search engines because the search engines love content, especially if that content is original. Blogs are all about creating content, ie., posts.
A professional looking, attractive and user friendly blog only costs around $120 per year to operate because all you really need is a domain name and hosting. That’s it!
If you want to start your own blog from scratch and learn how to earn a living with it (or more), click the button below.
Start a Drop Ship Store
Drop shipping is way of running your own e-Commerce store but without the upfront costs of buying any stock.
Another huge plus of drop shipping is that you don’t need to ship out orders to your customer. This is a big time saver. Ask any small online retailer about the biggest drain on their time. They will almost always say ‘packing and shipping the orders to customers’!
There are many, many wholesaler suppliers who offer drop shipping services. You simply list their products on your store and when you get an order, you pass that order to the supplier, who then ships it out to the customer on your behalf.
The downside of drop shipping is that profit margins are usually smaller because instead of purchasing stock in bulk (which allows you to get lower wholesale prices), you are purchasing the items individually whenever you get an order on your store. However, it’s a good way to get started and you can always move on to bigger and better things in the future.
Combining a Blog with a Drop Ship Store
This can work well because as I mentioned already, blogs are great for attracting free visitors from Google. Adding a store to a blog (or vice versa) is actually very easy providing you use the right platform to create your blog or your store on. The best and most economical way to set up an online store and combine it with a blog, is to use Woocommerce, which a plugin for WordPress. Visit the page below to learn how to run a store and a blog for under $200 per year operating costs.