Just like anything else in this life, you need to have a plan of attack, and inside that plan you need a budget. (Mostly so you can still pay the bills at home while trying to get started.) When I got started online, I didn’t really have a budget at all.
I would just sign up for a program, then promote it until I was basically poor and quit. Then the next payday I would sign up to something new (because the last one failed for me) and do the same thing. Just rinse and repeat this for the first couple years I was online to get where I’m coming from.
Then while surfing one day I randomly came across a splash page for a free ebook download called “The Pizza Plan“. So I signed up, read the book, and decided to start a budget. When I started my budget, I started out with roughly $50 a month. I know it doesnt sound like much, but it doesnt take much to get started.
Just a quick edit here to show what I spent my $50 on every month:
- Autoresponder – $17.95
- Hosting – $7.84
- TE Upgrade x2 – approx. $20
- Extra TE Credit Packages – $5-$10
That’s where I started with my $50 a month. If I was able to, I would try and get these at a discounted price, and if an OTO for lifetime membership became available and I had enough I would try and get that as well.
So, by using that budget and not joining “The Next Big Thing” everytime I came across it, I was able to start seeing some money coming in from my efforts. At first it would be just a couple dollars here and there. But over time it has picked up. And once I started to brand myself, that’s when things really started to happen. Now my budget has grown exponentially, and I am taking what I am earning and re-investing it back into MY Business. And as it grows more and more each day, there is literally almost NO cash coming out of my pocket to pay for my business online.
The greatest part about this business is, even with limited resources, you can still get started and start making a name for yourself. Most of the greatest tools online to help you succeed have a free option to get you started (Yes you will have limited options, but you have to start somewhere).
Here are a couple questions for you to ask yourself:
- Do I have a budget?
- If not, when am I going to sit down and start one?
In closing, having a budget has really helped me to begin to prosper online and if you have yet to start one. I urge you to take a day or two if necessary and sit down, figure out what you can afford and start your budget and stick to it. When you start earning, then re-invest into your business there is no limit to what you will be able to do!
Thanks Justin Ledvina for helping me come up with my post! If you have something that you would like me to write about please send me a message on skype: blainjones or email me at firstname.lastname@example.org. I want this blog to be about everyone, not just about myself.
Also I want to hear your opinions on budgeting and how it has helped you!