Starting an Online Internet Business May Not Be As Expensive As You Thought

Have you ever wondered how much it would cost to start your own internet business? This is one of the most commonly asked questions, and you may be surprised to know that you can start an online internet business quickly and for relatively very little money as opposed to having to come up with thousands of dollars to get started.

One of the reasons internet business is such a great business to pursue is because you can start your business fast and cost effectively. Also, your ROI (return on investment) is very fast with internet business versus other businesses which could take three years or more to start making a profit. Once you’ve made the decision to start an online internet business, there are eight important tools you will need to get started.

1. WEB HOSTING

The first is you will need to have a place for it to live online – a website. And with that, you will need a web address and hosting. The web address is what people will type in to find your business, and the hosting is where the site exists online. You can obtain your own web address for less than $10 and hosting will only cost you between $60-$100 per year (or less than $10 per month). This is incredibly cheap!

2. EMAIL LIST MANAGEMENT

Secondly, you will need a good email management system. Why? The biggest asset and money earner of your business are in the people who have found your site, expressed interest and signed up for your e-mail list.

Even if you do not have an email list yet, you will need to have a system in place even before your site goes live so that you can communicate with your community of followers. Try to steer clear of free or extremely cheap systems; you want a really good service that is reliable and trustworthy because after all, your list is the life of your business!

3. SITE DESIGN

The third tool you will need is to make your site “live” online. Don’t become overwhelmed thinking you have to design and code the site yourself. A wonderful free tool called WordPress can do all the hard work for you, making it easy to update your website yourself, therefore eliminating costly web designers and programmers. Internet Business Mastery also has many tutorials to make the process headache free for you. If you still would like someone to do the entire setup for you, there are assistants who for $50 or less can help do the entire process for you.

WordPress offers many templates and themes which can give your site a customizable look of its own. Premium themes are also available which are an upgrade in design quality. Premium themes are also very affordable, only costing you between $70-$100.

4. PAYMENT PROCESSING

The fourth important thing to starting your own internet business is to have a good payment processing system in place. There will be a time when you will need to process credit cards and give people the ability to purchase things through your website. Having this system in place enables your business to work for you even when you are not – 24/7, 365, anytime. There are many free services such as Paypal, Ejunkie, and more that will process your orders for you, or you can upgrade later to something like 1ShoppingCart which will give you more functionality and features.

5. BUSINESS ENTITY

The fifth thing you will need for your internet business is to think about creating a business entity for yourself. The first kind of business entity is a self-proprietor in which you will do business through your own personal tax statements and all liability is on you personally. Another option is an LLC, which will protect your personal assets and family by keeping the business separate. An LLC is as easy to create as filling out the forms yourself for $20-$30. Or if you choose, you can have a lawyer file the paperwork for you for $400-$500 and give you the confidence that the paperwork is filed correctly.

6. YOUR PRODUCT

The sixth thing to think about is you are going to need a product to offer. Since we are talking about internet business, you may not need to manufacture and sell a physical product. Information products are a great idea and can eliminate production needs and costs. Everything is digital, and will only cost you your time. These types of products sell at a high margin, and can be delivered digitally to your customer.

7. TRAFFIC GENERATION

The seventh tool to get your internet business off the ground is getting traffic to your site. People need to be aware of your presence online! IBM’s methods for getting traffic are either completely free or very inexpensive. Content marketing is where it’s at – which means you are generating regular, authoritative content specific to your niche of marketing. This gets the attention of your market, and magnetically draws them to you. Some other methods to generate traffic could be through paid services such as Google Adwords, paid advertising on Facebook, mailings, or ads in magazines.

8. MENTORSHIP

The eighth and final tool you will need – and which is often overlooked – is mentorship. Mastermind groups can be a roadmap on your journey of internet business. The Internet Business Mastery Academy is a great place to go for invaluable feedback, guidance, and advice from those who have paved the way ahead of you in their own internet businesses. This will save you time and money in the future by avoiding pitfalls and mistakes. You can even receive a risk free trial membership to the IBM Academy to get you jumpstarted.

MASSIVE RETURN ON INVESTMENT

As you can see, owning your own internet business is very affordable, and something you can see results of in a matter of months instead of years. For as little as a few hundred dollars, you can have your own viable business versus $30,000 for a franchise or something similar. A couple hundred dollars for freedom and fulfillment are very worth the cost!

Mastery Online

What a fantastic place the internet is, so full of data and resources to help you with absolutely anything that you want. So most of us think that we can browse the internet and be masters of it and make loads of cash, just like many others do.

Well Internet business mastery is something that can be learned by this approach but there are 10’s of thousands of people who have tried and very quickly fallen by the way side.

Then of course they immediately blame the system! Well that is pretty daft, how can a system be wrong or stupid, after all it is just a computer.

So like most things in life we need someone who has done it all before, and with great success, to teach us how. To be there to help us understand, show us the tricks and tips necessary to become a Master and become really successful.

Internet mastery is not rocket science, it is really simple and straightforward. Just follow someone who has done it before and you will gain Mastery too. But remember to be a true master it takes dedication and hard work. You must work tirelessly over and over to make the necessary breakthroughs. Remember the old saying ‘don’t reinvent the wheel, just master how it works’.

So our first real problem is overcoming ourselves. We get in our own way and we create many reasons why we don’t need help. We are smart after all and we have learned most things ourselves. So we can just get on with it and be successful.

Wrong please take a moment to think, when have you made the most and quickest success? I bet most times it is when someone showed you the way or taught you a shortcut etc…

Internet success is not guaranteed so it is a very high risk strategy to launch out on your own and make it big. I am not sure what the statistics are but I bet it is only one or two percent who achieve success on their own without the help of a Master or Teacher.

For me I have many coaches working to support me in my various ventures to guarantee that my success rate is in the 90-100% range for each venture.

So if you really want mastery within the Internet game or just in life, then I advise you to get a coach/teacher/master to help and guide you if you want to guarantee your success.

Check out my Mastery for Life website for more information.

Internet Business Mastery in Days

Internet business mastery is something that can be learned from a mentor. The problem with most of us is we think we know everything by browsing the net and try to do something different than what others do.

This is where we go wrong and then we blame the system. Internet business mastery is no rocket science. It is simple. Just follow the leader and you are also there. My teacher at high school always told me do not try to reinvent the wheel.

Which is true in the case of Internet business mastery? If there are twenty people selling books online and making money then you as a twenty first person can also make it. eBay sales are one of the highest in the world and amazon.com are the largest sellers of books in the world.

Whether you are selling your own product, promoting affiliate links, or making money from AdSense or click-flipping, it all boils down to just two things: Conversion and Traffic.

Conversion comes first. You need to have an offer that people want. That offer might be a product, or it might be an enticing advert (e.g. Google AdSense) that people want to click on. And you need some kind of presentation (such as a sales letter) that encourages them to take the action that you want them to take (e.g. buy the product or click on the advert).

In many ways this is the easy part. Most people can knock together a half decent website or sales letter that will convert at least some visitors into money.

But then you need Traffic. Loads of it. The more people that come by your site, the more money you will make especially if that traffic is highly targeted.

When you start selling online there are many ways to advertise and make your product known to customers world wide for free. This is where internet business mastery comes handy. If you have a mentor you can learn the basics and intricacies of selling online through multi level marketing.

There are genuine sellers who have become millionaires through this scheme. The scope for internet business mastery has developed a great deal. There are a number of methods that are commonly used by entrepreneurs and companies who are seeking to improve their online presence.

These methods include email marketing, blog marketing, search engine marketing and affiliate marketing. But this is only the tip of the iceberg. There are a number of other methods that are used by businesses that aspire to reach out to a greater online consumer base.

You have to capitalize on cost effective marketing tools like Email marketing and AdSense to make your presence felt in the global scenario.

So the best way to learn internet business mastery is to learn from somebody who has already mastered it.