Looking for awesome low cost business opportunities? If so, you’ve come to the right place.
You can get started creating your very own online business today for next to nothing.
I did it and it was one of the best things I’ve ever done with my life.
Why an online business? you ask.
Cost. It takes thousands of dollars to start a brick and mortar. Not with an online business!
You avoid rent, product inventory, utility costs, employees, etc.
It can add up quickly even for a small scale business. When you create an online business, you can cut your business costs down dramatically.
Interested? If so, keep reading and I’ll show you how you can create your own low cost online business today.
Low Cost Business Opportunities – Here’s My Favorite
Have you ever heard of niche websites?
What about affiliate marketing? If not, let me give you a quick breakdown of how these types of businesses work.
You essentially create a niche website, drive traffic to that site, and then recommend helpful affiliate products.
Not so difficult, huh?
There’s no products to buy, nor space to rent, or any of the costs that are typically associated with a traditional business.
For those of you who haven’t ever started your own business, this is an amazing concept.
You make commissions from your affiliate marketing programs as well as from selling advertising on your website.
Let’s break this down in a little more detail.
First, you need to find a niche:
Now don’t let this scare you, there are thousands of niche ideas out there that can be developed into niche websites.
My suggestion is to find something that you are passionate about.
It really helps drive your business if you are passionate about your niche or if you have a decent knowledge base about that niche.
If you don’t have a niche, that’s OK too.
I wrote about how to find a niche, read my how-to article here!
You also can watch this video below.
It does a great job of breaking down how you can come up with niche ideas that can be used to create online businesses.
Check it out.
Second, you need to establish a web presence:
Most every affiliate program requires that you have a website.
So you’ll need to learn how to build a website, set up your site so that it is search engine optimized, and then build out the foundation to your site.
Third, you will need to learn how to write website content:
The Wealthy Affiliate program also teaches you how to..
- Write Content
- Structure Your Articles, and find…
- “Low competition keywords” that you will use to drive traffic to your site.
You will really want to focus on writing “Quality Content” that is beneficial to your readers.
This will also establish trust and ultimately leads to sales conversions for the products you are promoting.
Lastly, you will monetize your site through affiliate marketing programs:
As mentioned in the video classroom, Amazon is one of the biggest affiliate programs out there.
They have literally thousands of products that you can promote on your niche website.
There is also 1,000’s of other affiliate programs.
You’ve got affiliate programs for every niche you can think of, you just need to have a good website that provides your visitors valuable information.
With time, as your site gains traffic and credibility, you will be able to monetize your site and your business will start to produce monthly income.
Eventually, depending on your site and niche, you have the potential to create a passive income source from your online business.
Low Cost Online Business Vs. Traditional Business:
The reality is that the majority of businesses fail within the first year of starting up.
And for good reason, they’re expensive. If you take a traditional brick and mortar business, you’ll have monthly expenses of…
- Rent: commercial locations can run from several hundreds to thousands of dollars per month.
- Product Costs: you’ll need inventory for whatever you’re selling, this could also be several thousands of dollars to start out.
- Infrastructure costs: You might have to redesign your commercial space, pay for signs, advertising, etc.
- Employees: Depending on how many employees you’ll need to hire, you could have a payroll of over 4 thousand dollars per month.
- Yourself: Do you plan to pay yourself? Most businesses owners don’t personally make a dime for the first 6 months. So again, you’ll have to have savings to pay for your personal monthly expenses as your business is starting out.
Now there’s other costs like insurance and payroll taxes, etc., but the point is that you are potentially looking at spending thousands of dollars in expenses just to get started in a traditional business.
It could be as high as 10 – 20 thousand dollars just to get your business off the ground. OUCH!
Compare This With A Low Cost Online Business:
Here’s a list of expenses you’ll incur when you’re starting up a niche affiliate website.
- Hosting: Normally hosting will cost about 10 dollars/mo. However, when you use the Wealthy Affiliate University, they include hosting for free in their educational program.
- Domain Names: You’ll need to buy a domain name. This costs anywhere from 10 – 15 dollars/year.
- Website Themes: There are thousands of free themes, so again, no cost here unless you want a more advanced premium theme.
Premium Themes can run you anywhere from 20 – 100 dollars, but once you own the theme, you can use it on multiple sites. But again, it’s not totally necessary.
The theme for this site is a paid theme that includes landing pages, email optin’s, and so much more.
If you want to take a look at it or the plugin that you can use on any theme to improve sales conversions, check out Thrive Architect.
- Educational Programs: I’ve seen a ton of programs out there that claim to teach you how to create an online business. I’ve seen them range from $100/month in educational fees with a start up price as high as $3,000 dollars.
So you’re looking at a total of about $33 – $50 dollars per month to start up an online business.
This is absolutely incredible.
To be able to obtain a high quality advanced education in internet marketing and website development for $50 dollars per month, that’s unheard of.
Looking for a Real Online Business Training Course? Check This Out…
Here’s My Top Recommended Program >>
Online and Traditional Business Commonalities:
Both businesses require a good amount of work, dedication, and training. And with both business, you’re most likely not going to see a profit for the first 3 – 6 months.
This can be a tough thing to handle at first, but this is no different than any business or higher level education.
This is true for any profession; accounts, lawyers, engineers, designers, teachers, etc.
But at least with an online business, you have the chance to earn income as your are building your business.
Plus with the cost of a college education, you’ll have racked up a ton of college debt.
Not to mention all the benefits of working online versus going to work at a set location.
How cool is it to travel the world and earn income or simple not have to deal with traffic jams, bosses, alarm clocks, etc.?
I can personally tell you, it’s pretty cool.
How to Get Started Today?
If you want to learn how to create your own online business, here’s what you need to do…
Hit the button below!
My #1 Recommended Training Program Has Been Training People How to Make Profitable Online Businesses for Over a Decade:
You’re Smart: Get the Training You Need >>
I spent 5 years looking for ways to make money online and created traditional businesses.
I can tell you that if you’re looking for low cost business opportunities, then you’re at the right place.
Please let me know if you have any questions on how to get started by leaving me a comment below and I’ll get back to you right away.
And if you know anyone looking for low cost business opportunities, by all means, please forward this post on to them through the social share buttons or by email.
Hi,
Thanks for the info. I didn’t really know very much about affiliate marketing before reading this article but you’ve definitely sparked my interest.
It’s pretty cool to think that you can start a business for next to nothing and potentially have it making you a full time income at some point.
Even if it did require a full year of work I would be more than willing to put in one year of work if I knew that it could make me steady income for a long time.
That’s why an online business is so attractive I guess. Not sure if I’m cut out for this but I’ll certainly be looking more into it after reading this article.
Cheers,
Robert
Hi Robert,
I think with your attitude and ability to communicate you’ll do just great. The time factor seems to be what gets most wannabe internet marketers. It almost got me about a dozen times.
It’s hard once we’ve been conditioned for Job = Reward. But the online game is one of patiently working and then over time the reward comes on over and over again.
You can get paid time and time again for the work you did yesterday. It’s hard to see this at first, but it’s true Robert.
I’ve got dozens of single posts that have brought in 1,000’s of dollars. Stay steady with creating something of value and helping people within a specific niche.
Don’t worry if you don’t know everything about the niche, you just gotta like the niche or be passionate about it.
Cheers,
Todd
I like the principle used in the Wealthy Affiliates community. It is so simple to follow.
1. Find an Interest
2. Create a website
3. Get online presence (Drive traffic)
4. Monetize it.
This is truly the easiest and best way for those looking for low cost business opportunities to make real money from home. Anyone at all can follow the steps outlined in the Wealthy Affiliates community to make a successful business at home. Thanks for the article.
You’ve got it Noble. If you’ve got an interest, passion, or knowledge base that you want to share online to create a real online business, Wealthy Affiliate’s got you covered.
Their education is simple and it works.
Thanks for your feedback and best of luck to your and your online business.
Todd
I am always looking for opportunities to make money that don’t cost an arm and a leg!
This post definitely covers the strategies that you need to use in order to making money online with little or no cost. Websites are very important when trying to create an online business.
I also really like the cleanliness and layout of your site, thanks for the interesting post.
Awesome Karissa, thanks for your feedback and yes, websites that turn into online businesses have incredible potential for long term success. I first started making money online selling physical products on Amazon, I din’t know what affiliate marketing was.
Once I learned more about creating niche websites and affiliate marketing, I realized all the potential these business have. Very low cost to start up and very low cost to run and maintain.
Thanks for your feedback on my site as well, much appreciated.
I learned everything about creating clean looking websites, ranking content, and building an online business through Wealthy Affiliate’s Training Center and if you want to do the same, you’ll have a great advantage with WA on your side.
Thanks
Todd
I have been thinking for some time about starting a small business on eBay or Amazon. This is because other ways to make money online are often scams and not legit. But when you put it this way, it makes much more sense to start my own website. It sounds very legit and honest, after all it’s my own real website, and unlike eBay, i won’t have to spend money on inventory.
You are right Ben. If you can tap into your niche audience and what they’re looking for, their needs and questions. Then you can create a profitable online business.
And you wont’ have all the overhead costs that an offline business has and you’ll be able to target a much lager audience.
If you sell in a physical location, you’re limited to that location. You tap into the online world and learn to rank page on in Google, and watch the traffic flow into you online business and go on to make an online purchase. You just make the referral commission without the headache of customer service or product returns/delivery/etc.
Thanks,
Todd
I like this learning platform that you are recommending. I’ve found the niche marketing is something that can be a huge opportunity if taken seriously and given the proper time necessary to set everything up. As well, niche sites are very low cost to start up and run. Keep up the good work and I wish you the best of luck in your online business.
Hi JP.
I appreciate your feedback on niche websites and the opportunity they can provide people that are looking to make money online.
And as so astutely point out, if you can take the time to build a niche website, it can become very profitable can you utilize targeted traffic through keyword research.
For those out there that want to do this, I’d recommend the superior training offered by the gents at Wealthy Affiliate.
Thanks,
Todd
Really great post on the best low cost business opportunity online, and that’s niche websites and affiliate marketing. This is some really useful information to people who want to make real money online.
One thing that caught my eye about your site was your nice long row of social share buttons. I know social sharing is an essential component of modern marketing, but I find it a little confusing. There doesn’t seem to be many instructions out there for local businesses trying to start an online social presence. Marketers seem to know but the average business person still struggles.
What advice would you give to a beginner who wants to increase their online presence through social marketing?
Thanks in advance for your answer.
Hi Peggy, you can get the social marketing training along with email marketing, PPC, organic traffic, keyword research and all the support you need with the gentlemen at Wealthy Affiliate.
Check out their webinars and you’ll be inspired with ideas. They even cover ranking on YouTube.
They’re the top recommended training for those that want to create a successful online business that can be done at a very low cost.
I used three resources to get my online business generating monthly income. And together they cost me $2.13/day. The education comes from WA, the keyword research from Jaaxy, and email marketing via Aweber. The content comes from you and the rankings are free.
Of course you can spend money on PPC and outsourcing. Which can be beneficial.
Thanks,
Todd
On face value, this seems like a pretty good deal. It’s no doubt that putting up niche websites online is one of the best low cost business opportunities out there.
It’s unusual to get free hosting so there must be some sort of catch! Can you confirm this?
Also, can I join if I’m outside of the U.S.? I’m in Australia. Are there any countries that are exempt from joining? Cheers
Hi Nigel,
At Wealthy Affiliate, you can start with a free account which includes 2 free website with the SiteRubix suffic name and free cloud hosting to these sites. You can delete a site and start a new one as well.
The premium membership is really the way to go. You get up to 50 website with free cloud hosting, but more importantly, you get 1,000’s of hours of training for less than a dollar a day.
So even though I finished one of the principle courses in 9 months, I’m still a member because I host 5 sites and can always get help with my campaigns or learn new info that positively effects my online businesses.
I’m what you call a life time member. Hope this confirms things up for you.
Australia is not excluded. There are about 10 countries that are. Reason being is that these countries have had numerous complaints about members coming in and spaming other members. And Wealthy Affiliate is a spam free learning platform. These countries can still join, but not under the free membership, just premium.
Here’s a link to see the countries excluded.
Thanks,
Todd
I’m always surprised to see just how fast the field of online business is growing, but perhaps I shouldn’t be so shocked. After all, people do tend to do a lot of their shopping online these days, especially if they are looking for something specialized.
Now, more than ever, the concept of having a low cost online business is important for so many people, including those who actually do have a physical business. After all, having an online portal is proving to be more and more critical.
Do you think the training at Wealthy Affiliate would be relevant for people wanting to make an online side to their physical business?
Hi Vince,
You shouldn’t be shocked. When I started working online in 2014, I read that ever second, 8 new people begin using the internet for the first time. That’s like 692,000 people per day. At the time there were 1 billion people online. One year later, that number was 2 some billion.
I’m not sure of what that level is now, but the point is that more and more people are shopping online, and if you know how to bring in traffic to your site or a physical business, you can really create a lot of success.
So absolutely, the Wealthy Affiliate training is so important for online or physical businesses. I’m working on a real estate site right now to generate 1,000’s of visitors per month. A certain percent opt in to see the homes, then it’s just a matter of a good agent to follow up with them and help them with their real estate needs.
Most internet real estate shoppers find their agent online, and most go with the first person that makes contact with them. With a business like real estate where the average commissions are around 10,000, you can imagine the potential when I’m charging 25% for every closed deal.
Get 10 deals to close a month and you’re talking around $25,000/month for a lead producing website.
The more you learn about keywords and traffic, the more you can dominate any niche. And this is what makes Wealthy Affiliate so important for creating a low cost online business.
Best,
Todd
I agree with you totally that it will cost a lot more to rent a space for a business compared to running an online business. With online business, there is more flexibility since you can take your office with you everywhere you go.
Wealthy Affiliate really has great resources for anyone looking to start an online business. I started a few months ago and I’m learning something new everyday that’s helping me build my online business better than the competition.
You are correct Denise, Wealthy Affiliate is the advantage you want to have to create a successful online business. And the it’s extremely a low cost business opportunity that can’t be missed by anyone who has an entreprenuerial spirit.
They’ve really done an incredible job at creating a place to learn and grow your online business to either get it started, or take it to the next level.
Best,
Todd
Hi Todd,
This is a great article that could really help many people. A real bricks and mortar business is just too expensive for most people. As you show us, an online business can be started for very little initial outlay and you can even start in your spare time.
The advantages you mention sound almost too good to be true, but can be the reality when working for yourself online.
Working from home is great however you must be motivated and always keep going.
I have tried the Wealthy Affiliate program and would certainly recommend it to anyone. The training there is awesome!
Peter
Hi Peter,
Thanks for your feedback and testimony for the Wealthy Affiliate program. They certainly make it even more cost efficient when starting your online business by providing free websites and hosting. And I agree, internet based businesses are much cheaper, but require the same effort of starting any offline business. You do need to be dedicated and put in a good amount of work. But when you work at creating an online business, you can eventually create a passive income source that sees traffic 24/7.
And depending on how large you make your online business dictates the amount of traffic and passive income you will receive.
Thanks for your feedback and I wish you the best in your own online business Peter.
Cheers,
Todd
Hey, Todd
It seems building a traditional business is just too much time, effort and money. Even after spending so much money on overheads, it’s not guaranteed how successful your business will be especially with how the economy stands. To me there’s just too much risk involved and little reward from running a conventional business.
When you discuss an “online business”, now you’re talking because that’s where the real opportunity and success is found 😉
It’s a no brainer really, when it costs absolute peanuts to start up an internet based business AND the income you can gain from building one is just incredible.
For me, affiliate marketing is the best way to earn a significant income since it’s just straight forward work, and as long as people work hard at it, their hopes, dreams and goals in life are possible to achieve.
Wealthy Affiliate seems like an incredible opportunity to get started online.
How has the training platform helped to benefit you?
Neil
Hi Neil,
Nice to hear from you. When you look at a traditional business compared to an online business, there is no comparison. Out with the old and in with the new. Low cost online businesses offers so many more benefits over a traditional brick and mortar business, it’s not even comparable.
And the online world offers an even playing field for all to compete. Not just those who have capital to start up a business.
When you look at the costs of start up and the risk, there is no comparison. Like you stated, you just need to work hard for it which is no different from any business.
Wealthy Affiliate is an incredible online university for entrepreneurs. It has benefited me in numerous ways. To start, I have learned how to put up websites on my own and with ease. I have also learned how to get my posts ranked quickly, SEO my websites and posts, as well as implement affiliate marketing strategies.
I guess the most amazing benefit I can think of that is most significant to me, is the ability to work and travel. Being free of a physical location or job has been a goal of mine for a while. I love to be able to be in control of my future and live life on my own terms. So next month if you see me online, it will most likely be at a beach destination in the Caribbean or in Mexico. As long as it has internet access, I’m good to go.
How about you Neil, you’ve been working online for a while. What benefits have you found from your online business? And do you have any advise for those that want to get started with their own online business?
Always nice to hear from you Neil, have a great day.
Todd
Cheers, Todd
I think sometimes it’s a case of “try telling the traditional business owners that.” Many business owners become set in their ways and don’t realize there is something much more beneficial waiting for them on the other side of the fence, so to speak.
I completely agree with you and see your point where online business is concerned.
WOW, that’s awesome! To me, it sounds like you’re already living the life of your dreams!
I’ve actually lost count of the number of years I’ve been online, LOL. I started out with promoting halloween costumes and Christmas products on Squidoo which turned out to be an awesome income generator at the time. (Until Google decided to give Squidoo the slap and I lost by business).
I started over again but this time I’m helping to show people how to make money online just as I am doing. The number one benefit I have found with building an online business is having “the freedom of choice.” The choice of deciding how much money I want to earn, the hours that suit me, etc.
My advice to those who want to start an online home based business is to find a legitimate training platform, to build a website, follow the training taught, put your head down and work extremely hard to achieve your goals.
How long have you been working on your own website, Todd?
Cheers.
Hi Neil,
Good to hear from you. That’s some excellent advise. Wealthy Affiliate provides the training platform, it’s just up to the individual to follow through.
As to answer your question. I have been working on this site for about 5 months. I also put up a local website for another business of mine. And I took a little part time off (2 weeks) when I went through the coffee region of Colombia. It’s always been a trip I wanted to do and the cultural experience was unforgettable. I think coffee actually tastes better now and my appreciation for the Colombian culture has certainly been more enriched.
But I did a little part time work during the trip. Anyways, good to hear from you as always and thanks for the wonderful advise. There’s so many scams out there that deceive people, it’s nice to finally find a quality training program that teaches you how to make a successful online business.
Take care,
Todd