Cheaper Than Lunch Off the Dollar Menu:
Before I started an online business, I was skeptical about the costs & potential returns, just like anybody else would be. Would it really cost me less than $2 per day to run my business? Is the profit potential truly unlimited? As it turns out, there is truth to both of these claims.
The Cost of Your Own Online Business:
I’ll start by providing a list of all the expenses I’ve incurred to run my business:
Total Cost = $535
This works out to less than $2 per day to run my business ($535 per year/365 days = $1.47 per day). This calculation doesn’t even take into account the fact that I incurred $165 in one-time costs, so those costs disappear after year 1. In year 2, my cost per day drops to $1.01 ($370 per year/365 days = $1.01 per day). If you want to pursue your passion & a lifestyle characterized by flexibility an fulfillment, then I highly recommend starting your own online business.
The Profit Potential of Your Own Online Business:
The income-potential of an online business is unlimited, but it takes hard work. Especially in the beginning, you must publish quality content to your site and earn the trust of search engines like Google, Bing, and Yahoo. A quality social media strategy can help spread links from your website around and get the word out on your new venture.
As you begin getting first page rankings in Google, the traffic to your site will begin to surge. If you continue adding quality content, you will attract more and more visitors as time goes on. It’s truly a cumulative process that starts off slow, but then grows exponentially over time. Quality content leads to higher rankings, which leads to more traffic, and ultimately a larger income.
Proof of Income Growth Over Time:
To exemplify exactly what I mean by earnings being a cumulative process that starts slow, but can grow exponentially over time, I will use a quality stock trading service I promote: Jason Bond Picks. This year’s earnings are as follows: January ($14.70), February ($89.10), March ($239.70), and April ($268.74). As you can see, my earnings increased 506% from January to February & 169% from February to March, and still increased slightly from March to April. As time goes on, I expect my affiliate commissions to grow each month just like it has over these past 4 months.
Written by Matthew Thomas