How To Start in IM When You Have No Money
“If your product is so good, let me have it for free and I’ll pay you with the profits I make”.
“I want your training but I can’t afford it. Reduce the price for me”.
“I bought your product a week ago and I’m still not rich. When will it all happen for me?”
Product creators or vendors are faced with these and similar questions week in, week out. People who think that internet marketing is instant riches and millionaire lifestyle without work and it’s theirs for the asking.
All marketing is a combination of time, effort and money and although most costs are reduced by solely using digital marketing, it doesn’t mean that everything is (or should be) free for the taking.
One of the biggest problems is that you will need money for a domain name and hosting. Yes I know you can get by without these things, but if you’re planning on making a serious income and getting your name known, you will need a place of reference for people, and that means your own website.
For some, dropping a few dollars for a domain name and the hosting to put a site on is not a problem, but for many it can be, so it seems like you’re caught between a rock and a hard place where you need a domain to make money, but you can’t get a domain until you have some money.
What can you do?
The first thing to do is to take stock of your talents. Can you write, draw or some other creative aptitude? Do you have programming skills, are you an organiser or have some other intangible but useful talent? You probably have a sellable skill and your first port of call could be a micro-job site like Fiverr.
Five bucks a job ($4 after the site takes its cut) doesn’t sound very much, but if it only takes you a few minutes to do each task then doing 5 an hour puts you in an above average wage position. Building up to getting an average of 5 tasks an hour will take a bit of time, but you want this income, don’t you?
Once you get a decent reputation you will be able to increase the range of your tasks or have upgrades that cost much more, bringing you consistent income or at least enough to get you started on the path you really want. No one says you have to do micro-tasks forever!
I strongly suggest you don’t go down the clicking ads route unless you have some expert guidance or you know what other clickers are looking for (Hint – it’s traffic to their offers). You can spend an awful lot of time and have little to show for it. Yes, you can earn clicks to a website, but can you earn enough to send people to a place that will earn you money?
The best way to earn from ‘paid to click’ type sites is by taking the paid upgrades and offering more ‘paid to click’ sites to the other clickers. The paid upgrades offer a higher proportion of income or more clicks or shorter view times, but in the end, you’ll spend a lot of time for poor rewards.
And you’d rather put any earnings towards a good training course, wouldn’t you?
If you are into your writing, then creating ebooks could bring you some rewards. You can either publish them yourself via Kindle or Smashwords or sell them as PLR (Public Label Rights), so that others can modify them and use them as their own – although you’ll probably need a website for that.
A good halfway house is to put 400-500 word articles onto article directories and use the resource box to link to related affiliate offers. Many of the directories can be quite strict about the type of links you put in the resource box, so it’s not always the easiest or best method, but it’s something to bear in mind.
So if you have a product, course or training in mind and you’re starting from zero, you may have to be creative on how you achieve your goal. Always keep that target in mind and consider any ways you can to bring in small amounts at a time, keeping them mounting towards your target.