When you want to build an online business you have a huge amount of things to choose from. The majority of people you listen to will tell you to build a blog if you have no money. This sounds too good to be true but it’s technically right, although you would still need money to buy a domain name if you actually wanted to own the business. People throw up a cheap WordPress or Blogger site and off they go in search of their dreams. It all sounds very attractive to someone with no savings.
That is one of the hardest ways to make money in the world. If you don’t think that is true you only need to see how many people are successful compared to the huge number of people that are working for nothing every single day. The truth is that your personal finances need to be in good shape if you want to multiply your chances of success, so you better start a savings account now. Just to make it crystal clear for you we can look at some of the most important reasons why.
You need a list
When your website starts to get really good traffic numbers your list should be growing like crazy. Great autoresponder companies might start at $20 per month, but as soon as you hit a certain number of subscribers that number starts going up. Not everyone has a perfect sales funnel from the start and some people haven’t even built a product yet, so you don’t want your email list to disappear because you never had the money to pay your monthly bill.
An amazing product
There are lots of terrible products and if you take a look around some blogs you will soon find out the standard you’re competing against. Potential customers might have bought some of these terrible products in the past and if yours looks as bad as theirs you won’t get them to part with their money. That can all change if you have enough money to pay for your product to have some of the best graphics people have ever seen. It looks so professional and encourages lots of people to buy it.
How much do you know about computer programing? If you don’t know anything it means you’re going to be stuck with the same tired looking website because you can’t do anything to tweak it. I know you get some premium themes these days that make things a little easier, but to some people it’s still like looking at something in a different language. If you want to bring your ideas to life the only way you can do that is by hiring someone.
Having enough content
You would be surprised how much time it takes creating new content for your blog every week. You don’t usually realize this until you start needing to do hundreds of other things that appear out of the blue. That is when you can go and hire someone to write some of the content for you. It will free up lots of time and you can do things that will actually make a difference to your bottom line. If you would still rather write it yourself then you might only need to outsource it when you need a break.
Purchasing a course
There will be some things you need to learn if you want to earn more money. Writing emails is a great example, because if you can write them the right way it could mean a much higher conversion rate. In order to learn from a master you’ll need to buy a course and that costs money. This isn’t something you have to do, but what business doesn’t invest in learning new things that will help it grow a lot faster?