Spend Money Wisely To Make Money Online - No Doubt! No Tricks!
Do you want to make money online? One of the lessons I learnt when I established myself online is that you must spend money to make money
. That's the unwritten law of making money. If you think you will ever make money without investing, then you are yet to be born. Money is so funny that it always goes where it has its 'friends'. It will always come into your pockets and in abundance, if you spend some bucks to invest in your business and to work on it. I am not scaring anybody but I am trying to bring out boldly the absolute truth involved in making money.Although some people start their online businesses on a shoestring budget (very limited or small amount of money to spend on your business), the truth is that you have to spend time and energy to acquire the skills needed to start your online business. If you translate that into monetary terms, you will have spent some good money to build a business that will give you the returns you expect from it. Learn to spend money to make money!
Before I can go any further, I would like first of all to caution you that do not just spend your money blindly, but spend it wisely from an informed point of view. I repeat, spend your money wisely. There is a little known musician, who sang a song entitled "Man made money, but money made man mad", in which he narrates how people do bad things in the quest for money. Using this song as a tool to guide you, you need to avoid being economically preyed upon too much by others. Spend your money where each coin spent will add value to your business.
What actually will you spend your money on to make money online?
1. COMPUTER: To make money online, you need to buy yourself a computer which you will use to do business. Having a personal computer, preferably a laptop is very important if you are to succeed in your online business. It's safer and more convenient to do your business on your personal computer than going to internet cafes. You will make money faster, safer and conveniently.
2. INTERNET ACCESS. There is no way you can start an online business without an internet access. Much as one can easily access internet by going to internet cafes, it's more convenient to have your own fulltime internet connection to do your online business any time of the day.
3. SOFTWARE: If you intend to design your own website, you will have to invest in web and graphic designing software. This will enable you to easily design your website and in a more professional manner.
4. DOMAIN NAME: To make money online, you need a website name commonly known as a domain name. You will inevitably have to come up with your own domain name and spend money to register it, which is on average $10/- per annum.
5. WEB HOSTING: A web host is a company that provides you with server space for your website so that other people can view it from their own computers. When your web address is typed into the browser such as Internet Explorer, your web host is contacted to display the requested page.
To make money online, you must invest in your own domain name and a professional web hosting. Without a domain name, your visitors may feel that you are not a credible person or company. Hosting your website with a free service will lead to loss of professional credibility. Most importantly, search engines will NOT index a website hosted on a free server.
Additionally, free hosting services are interested in promoting their own businesses through advertising on your free hosted website. You can wake up one day and find your website closed down if your free web host deems it necessary. If such a misfortune happens, you lose all your time, energy and money that you spent to design your website. It's therefore important to spend your money on your own domain name and web hosting if you want to make money online.
6. EDUCATION: If you don't spend money wisely to acquire knowledge and skills, it's very difficult for you to make money and to succeed in your online business. You will have to spend money on buying books and attending courses related to online business and marketing. Remember that acquiring knowledge and applying it, it does not only help you to improve your service delivery but it also enables you to make more money online.
7.ADVERTISING AND MARKETING: You must spend your money on advertising and marketing your website or your online business if you want it to grow and make a lot of money. Many people think that once you build a website and place it online, then you begin making money. That's not all what you need to do to build a successful business. You must learn how to drive traffic to your website and to promote it consistently in order to make money online.
Although, you can use free online marketing to drive traffic to your website and get customers, paid online advertising grows your business faster. To get quick returns and to make quick money, spend your money wisely on advertising.
8. PROFESSIONAL SERVICES: Online business is not only for people with the ability to design their own websites. But if you cannot design your own website, then you will have to spend on professional services. Even if you have designed your own website, you will still seek professional services to promote your business.
As I wind up, be reminded that online business requires a lot in terms of time, energy, skill, knowledge and money. Learn new knowledge and skills, and spend your time and energy working on your business so as to position yourself well in order to succeed. To even make more money online, you will inevitably spend money wisely to grow your business. That's the absolute truth!
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