How to Start an Online Business for Free
Have you been dreaming of starting your own business? Do you want to make residual income? You are not alone. Two years ago I got laid off from my job and did not want to go out looking for the same humdrum job. I wanted to find a way to make passive income from my home. Sounds like a pipe-dream doesn’t it? Well, I found a business that I could work from home being a franchise broker. It had ALMOST everything I was looking for:
- Could work from anywhere
- Had potential for a 6-figure income
- Had no geographical boundary
- I could set my own hours
- No physical inventory needed
- Provided training
What I found was FranServe and it is a great business to be in. I work from home as a franchise broker.
HOWEVER, there was one thing it did NOT give me….RESIDUAL income!
I started doing some more research and spent hours searching the web for that perfect opportunity. There were hundreds or even thousands to sift through, many of which were complete scams. I knew I had to start with a website of my own, but lacked the know-how and I did not want to spend a lot of money. So many sites offered help and guidance with creating a website, but they all wanted some money up front to get started or at least your credit card number. I didn’t want to shell out any of my hard-earned cash until I was able to see first-hand, what the opportunity could provide for me.
Finally, I came across a website that was offering to teach me how to build a website on WordPress for free. What? You’re kidding, really? I doubted it, but why not try it….it was FREE so I had nothing to lose!!
Well guess what? It was the best decision I’ve ever made! I now own my own website and plan to build more in the future. And who brought me this opportunity? Wealthy Affiliate did!! Not only do you learn how to build a website, you also learn all the steps to creating an online business. They teach you how to draw traffic to your website, how to write interesting content, how to become an affiliate marketer, how to earn money promoting other people’s products and services and much much more!
It wasn’t even a month before my website was up and running, in fact, it only took a couple of days for that part. Then I spent the next couple of months writing my content and building the business that would eventually bring me residual income.
Let’s break this down into 6 steps:
Close your eyes and think about what you are passionate about. What do you like to do? What do you do when you are not at your current job? What do you look forward to when you have time off? What do you like to read about? What do you like to learn about? You get my drift, and if not, here is an example: I love to paint. I paint using acrylic paint and paint all kinds of subjects. I could start a website about acrylic painting…it could provide information about painting techniques, different types of paint, how to sell your art, where to buy supplies at a discount….etc
Whatever you decide, this is what we call your niche.
2) Name your website and register your domain name
A domain is the address of your website. It is what people would type into their browser to get to your website. There are many providers you can go to, to register your domain name such as GoDaddy and NameCheap, and they will allow you to search for a name that is not already in use. The cost to register a domain name can run around $10 to $20 per year.
In case you are not familiar with this term, a host is a company that houses, serves and maintains files for one or more websites. Website hosting companies enable you to lease space on their web servers where you can store your website files and make them available for visitors to view. GoDaddy also provides this service as well as other companies like HostGator.com and Ehost.com, but I am using Wealthy Affiliate because it provides the most comprehensive and easy to follow training on all aspects of earning money online. The options for website hosting run the gamut in price, and depending on your traffic and needs, could cost up to $1000 per year. I am paying around $30 per month with Wealthy Affiliate and that includes all my training too!
4) Create the website
Now, don’t get nervous here. It is extremely easy to create a website because Wealthy Affiliate shows you step by step how to do it. It literally took me 30 seconds to initially create the website. I was so astounded because I was always afraid it would be too technical for me to understand. Not at all!! They show you on a video as though you are looking over the instructor’s shoulder, and you can watch the video as often as you want. If there is still something that confuses you, you have access to thousands of people who are more than willing to help you get started. Just ask the Wealthy Affiliate community your question, and you will have an answer in minutes.
5) Join Affiliate Marketing programs
This will take some explaining: Affiliate Marketing has four core players:
- The Publisher: that is YOU, as the website owner and is also called the “affiliate”
- The Merchant: this is the retailer or brand selling product or services
- The Network: this is a company providing offers for the affiliate to choose from and also takes
- care of the payments
- The Customer: this is the person surfing the web, searching for a product or service
When I say “join affiliate marketing program” I mean, join a network. Inside that network will be a list of companies providing product or service offerings that you, as the affiliate can place on your website for a customer to click on to purchase. When a customer makes a purchase that originated from a click on your website, you will get a percentage of that sale.
This is how you monetize your site and the more people you can draw to your website, the greater potential for making a sale. The network keeps track of your earnings and will provide payouts to you with different options like, a check, direct deposit or through paypal.
6) Start writing Content
OK, you are all set to get started now and start posting blogs about your niche. Wealthy Affiliate has extensive training on best practices when writing your content and how to use keywords to increase the chances of a web-surfer landing on your site.
What are you waiting for? You can check this out absolutely free. No credit card needed. Just create an account using your email address and create a password and you are on your way. I know….someone else will have your email address and start filling up your email inbox, right?!! But if you do not see the value in this opportunity, then simply request to be taken off their mailing list. No harm, no foul. But I think you will be pleased with what Wealthy Affiliate has to offer.
You will not be disappointed.