subject: Seo Tutorial - Budgeting For Your Online Business [print this page] What we are gonna recommend right here is a methodology for people who plan to set up their online business with a limited budget.
One of the most essential factors for being successful in online business, or any business for that subject, is budget control regardless of how big or small your spending budget is.
Initially, we need to define what the meaning of limited budget is. You have to believe in your heart that it is not possible to start and run an online business for free. Do not trust any person who tells you differently.
The second rule is you have to budget at least $200 for marketing and administrative costs. To provide you with an idea of what these expenses might be, here are couple of examples:
1-Administrative Cost Items:
a.Internet Connection b.Hosting Service for your website (For those who have one) c.Phone Bill. d.Electricity e.Credit Card Charges f.Post and Courier (If applicable)
2-Marketing Costs (According to your general Strategy)
a.Software Programs b.Traffic Generation Services c.Offline Advertising d.Pay Per Click e.Leads f.Autoresponder Service g.Any other Paid advertising Tactic
Right now you can add on top of the previously discussed $200 any direct expenses related to your business. Mainly this includes one or both of the following:
1-What you need to pay to stay in business such as a monthly subscription if applicable.
2-Inventory of Products that you need to buy.
To be able to spend your budget wisely, we recommend following these steps:
1-Do not begin your online marketing activity by choosing paid options. In a previous article, we detailed what are your free online marketing strategy tools. We will basically list them right here:
a.Submit your link(s) to directories and search engines. b.Write and Submit articles to article directories c.Reciprocal linking d.Posting in active forums e.Make your website content rich and dynamic f.Blog and Ping. g.Traffic Exchange Services
2-Buy software programs which will assist you automate the processes of the previously mentioned free online marketing choices. Try not to opt for subscription based services. Make sure to have software programs that have a one time payment option.
3-After couple of months, you'll understand that you have got a free amount in your budget that now you can use for paid online or offline marketing choices.
Our final and truthful recommendation to you is not to become involved in any online business if you cannot spend a total of $300 - $500 per month.
