How much does it cost to start an online business? What if I told you that the answer is, the price of a cup of coffee a day, would you believe me?
You’d probably think that I am kidding. Give me a few minutes of your time, and I will reveal to you where and how to start this business and why its a better option than starting a conventional offline business.
At the end of this article, you will discover that whether you are strapped for cash or have surplus cash on hand, the internet can give anyone an awesome opportunity to earn money. At the center of these opportunities lies one that will allow you to learn to build a solid and honest online business and that’s what I am going to show to you.
Ready ? Great, Let’s Start.
Offline Business Verse Online Business
Does it really take money to make money?
I guess if you were to start an offline enterprise, then this statement would ring pretty true.
Take my case as an example. As a pharmacist, the cost to open a pharmacy in my country is astronomical. Just to fill up a decent sized shop with fixtures, stock and equipment would set me back a cool $ 285 000.
Let’s not forget to include the everyday running expenses such as salaries, rental, internet, maintenance, labor , phone expenses and rates and taxes, the list goes on and on.
To top it all, the competition that I would be facing is not a ‘walk in the park’, with big guns like the retail chains that are able to offer discounted prices and savings, making things extra hard for the independent guys to realize some decent profits.
If you have to shift your attention away from the pharmacy business to other physical businesses, you will find a very similar scenario with an offline business. The cost factor being high for an offline business to get off the ground.
Take a look at the graph below and you will see what I mean.
A Scary Fact….
Did you know?
That 95% of physical businesses fail within their first year? One of the main reasons for this is that many of them run out of funds to keep their operations going.
I am sure that many of times,you may have heard stories of people taking out 2nd mortgages on their homes, maxing out their credit cards or appealing to family or friends to fund their dream business.
How stressful must it feel knowing that your business has not succeeded and you are left with the burden of paying that money back?
Now that we have an idea of the costs to start up an offline business, let us see the situation with having to start up an online enterprise.
There is light with an Online Business
We all know that the internet is constantly evolving and growing as people are turning to it as a source of information, for answers and most importantly to buy stuff.
This is why an online business can be a lucrative way of earning money.
How much does it cost to start an online business? Take a look at the graph …
WOW, its pretty evident that in comparision to an offline business, it is much cheaper to start an online business. These are the figures for the services which you will be charged for and most of the time, you would have to look at 5-10 different places to out source them.
Nevertheless, a monthly fee of $1,500 is still much cheaper than the price you would be coughing out for an offline business. But guess what?
There is a MUCH more affordable way to start an online business. And it won’t cost you anything near $1.500.
Are you starting to get excited?
Behold, an Online Business that is as Cheap as a Cup of Coffee a day…..
As I promised you, in the beginning, I would show how to start an online business for as little as the price of a cup of coffee a day.
Without any more suspense, that way is through a company called Wealthy Affiliate.
Wealthy Affiliate encompasses all that you need under one roof to start your online business and gives you the flexibility to scale it to any level of success that you want. It’s perfect for someone who does not have any experience whatsoever.
For just $1.63 a day! or $49 a month(or $359 a year), it’s certainly something that is worthwhile considering.
And let’s not forget with an online business you gain access to a greater market with around 3.4billion people which puts you in the driving seat to Greater earning potential.
⇒Check out my Review of this Awesome Company RIGHT HERE⇐
Wealthy Affiliate…Cheap. But is it really worth it?
If there are already over 800 000 members who are part of this growing community, all learning, helping each other and building their OWN businesses, then it’s safe to say that there is some worth to it.
The best part is that you will be building a business around your passion or interest. It’s different and its exciting. It’s the chance that I took. Since one of my passions is helping people with health issues, I decided to build a website around a specific health related topic.
This is the website that I built, www.dealwithtinnitus.com
Here are some other facts about Wealthy Affiliate
- It’s over 12years old
- It has a reliable support team that is 24/7/365 operational
- State of the website builder called SiteRubix, platform
- Easy to follow education and training tutorials to building your business
- 2 FREE WEBSITES(for starter members)
- Help and Advice from Top Experts in the field
The best part is that you can get to try their Starter Membership which is absolutely FREE!
You get 2 FREE websites as a starter member and access to the first 10 lessons on building your online business.
The price of the premium membership is that price of a cup of coffee a day. There are No upsells, no obligations and no commitments.
How much does it cost to start an online business? Still think that I am kidding when I told you it would be cheap?
It’s only fair for me to mention that there is one MORE expense.
The other cost is Your Time.
To build such a solid and sustainable business would require your time and some hard work.
If you have read till this point, it’s plain to see that you have it in you.
⇒ Go Here, To Read My Experience of Wealthy Affiliate⇐
Click on the banner to Sign Up for FREE!
Everyone deserves a chance to start their dream business. It does not have to come with a hefty price tag.
Look forward to hearing from you and I hope that this article has helped you today.
To your success
8 thoughts on “How Much Does it Cost to Start an Online Business?You’ll be Amazed,Its Cheap!”
It is so amazing how cheap it is to start a business online vs staring a business offline. And the amount of money that you can make online in some cases out ways that in the off line world. Wealthy Affiliate has that kind of business model and it is so amazing. That’s one of the reasons the member ship is so great. And I am glad that we are a part of this wonderful and amazing community. Thanks for sharing and have a good day.
It’s great to meet a fellow WA’ear.Hope your online business is going well.Perhaps, I can meet up with you in the community.
Yes, you right the model set up at Wealthy Affiliate gives one the opportunity to scale their business to unlimited potential.And like you mentioned the price is not too bad as well.
Thanks for stopping by.
To your Sucess
Hi there Roopesh. I just read your article on business start up costs and thought I would just drop you a quick comment to say thanks.
I have been running my own online business now for quite a few years. There would have been no way that I would ever have been able to afford to start up a conventional bricks and mortar business. When I started out, I did so because I needed more money and I started out with nothing.
The only ongoing expense I had when I first started my online business was my internet connection. I used free websites and free hosting to start up, just like the ones offered in Wealthy Affiliate. Once I had made enough money I then purchased my own domain name and have never looked back since!
Thanks for sharing with us Andrew. This shows that it certainly is a more versatile and flexible option to get into starting and running an online business than a ‘brick and mortar’ one
The fact that you are still in the game after such a long time shows that the internet can offer one a sustainable online income stream.
Thanks once again.
I didn’t know it was this easy and cheap to start an online business. I had thought of starting an offline business but the risks are way too many to want to take the huge step.
I really want to get started with this.
But could you clear up some fallacies I’ve heard of this program? I hear that there is a huge catch inside… Is that true? And what is it?
Also, how much money will I be spending if I want to go premium for the rest of my life?
I totally understand where you are coming from. I was very sceptical too when I first read about WA, as I was hit pretty bad by an online scam previously.
The great part, is that with Wealthy Affiliate, there is a FREE Starter Membership that allows you to test the platform without loosing any money whatsoever.I recommend give that a try.
I wish I could answer your question about the ‘catch’ that you are referring to. The platform is transparent and from my side it works and folks are earning a living from affiliate marketing.
If you decide to take on the yearly membership, the charge would be $359.
Hope this helps
Yes, very true, Wealthy Affiliate offer a lot for the money you are paying and if you subscribe for a full year it would cost less than a dollar a day.
It is even possible to start an online business with no money at all as long as you have access to a computer with an internet connection. However it is far more effective if you have your own domain name and the support of a community like Wealthy Affiliate.
Thank you for a good post, I particularly liked the comparison between an online and offline business.
Yes, thanks for bringing that point up. You are correct, you can even earn whilst you are a free member at Wealthy Affiliate.
As you said, it is more challenging, and having your own domain name and the awesome support and training from the Wealthy Affiliate community can make things so much easier.
Thanks for stopping by