UPDATE: I can no longer recommend HostGator or Bluehost – read this blog post to see who I recommend.
Budget for Making Money Online
How much should I budget for making money online?
Your business model will greatly determine how much you budget for making money online, however, I will give a general rule of thumb.
I use NameCheap and paid $9.98 for the entire year, which is a great deal.
Next you would choose a hosting company. My site is hosted by BlueHost, and they charge $6.95 per month, for which I get unlimited space and unlimited registered domains. I’ve messed things up more than once and their customer service is excellent.
When considering a budget for making money online, you would definitely want to invest in a professional autoresponder account. This will make certain that you ensure your most valuable asset, (your list), to professionals who guarantee a high deliverability rate, and can assist you in running your business on auto if needed.
After you pay for a domain name for the year, you’ll have expenses of
about $26 per month – bare bones budget!
Keep in mind, there are a lot of tools that cost money that would really help you do things a bit more easily and perhaps faster that you may want to consider if possible.
Education – essential or optional?
When considering your budget for making money online, you may want to include a great course to get started with the essentials.
I invested in George Brown’s Google Sniper and learned what I needed to really boost my income. I highly recommend his program and wish I’d found it sooner.
Earn While You Learn
If you want to earn money to put towards your budget for making money online, try offering services to gain some really quick cash.
You can set aside a certain portion of your day or week to offer services while you build up your online business slowly. This way you have some cash coming in to pay for your hosting and autoresponder each month. Please re-tweet and share on Facebook if this was helpful to you. Contact Me, comment below and consider the above budget for making money online.