As I’ve already mentioned, of the many ways to make money online, it’s building websites or blogs that you own that is the most ideal setup. By having and managing your own projects, you work only for yourself and you own your time.
One main point of difficulty with our ideal setup though is that you will have to spend some cash to be able to succeed. You can’t just do that if you’re penniless and just starting out. You therefore need to learn how to generate your initial cash flow online on a budget.
Before we get to that, I insist that you follow a few good rules of thumb.
Rules to Follow
The first rule is to promise to never signup for PTC, survey or community earning programs that will require you to pay a membership fee first. Many of these are scams and even if you do manage to find a legitimate program, spending some cash when you have very little just so you can make money is not a very wise decision.
The second rule to follow is to be careful with free information. There are lots of free videos, articles and even courses that promise to teach you internet marketing, SEO and making money online for free. Many of these however aren’t complete in their free forms. Following free information can be disastrous. You will have to buy the paid versions to get the complete story.
General Plan of Action
Now that you’ve got the two basic rules in mind, the next step is to follow a general plan of action that will help you make money online on a budget. I’d like to warn you in advance. The plan I am about to share below is a product of my own experiences and studies. They may or may not work for you or you may have to tweak them to fit your unique situation and personality. So here’s the plan of action I followed:
1. Get a day job or keep the one you have.
It’s wise to first get or maintain a full time day job. You will need this to pay for your daily needs, bills and the initial costs of trying to make money online. Also, it’s very important not to quit even when you get to taste your first fruits of success. The reason for this is that online money generating endeavours aren’t always successful. Your plans might flop, in which case, you need a job to support you.
2. Set up a blog in WordPress for which you own the domain and that is self hosted.
You will need a blog when you go looking for your first paying gigs online. You will find it very difficult to get a job on the internet if you don’t have experience. When a potential employer asks you if you’ve got experience writing or working online, at least you’ve got a blog to show.
Make sure your blog zeroes in on a niche, has basic on page SEO and has some links pointing to it. You can get free links by submitting to free blog directories and asking your friends to link back to you through their blogs.
Again to get good cheap hosting and domain registration, go to Hostgator.com.
3. Find a way to get your first writing job or order online.
Go to Jobstreet.com, Best Jobs, Fiverr, Elance, Odesk and Freelancer and put yourself up for hire. Even if you’re offered a low rate, don’t turn the offer down. You need to gather some work experience so you can later apply for higher paying positions
4. If there’s opportunity to get a job with a big name foreign guru or company, take it.
This is so you can learn more from him. How do you know if a person is a reputable guru? Research about him online. Also, keep in mind that big name employers usually hang around in reputable job boards or services. You can find some good ones in Jobstreet and Odesk
5. Start researching about profitable niches and markets.
While you’re working for someone, start researching about profitable markets/niches with acceptable levels of competition. Considering starting another blog or website that’s focused on a profitable niche and start promoting.
Budget services that will help you promote include the following:
- Article Ranks – off page SEO ($2 for every article submission)
- Free Traffic System – off page SEO (free)
- Facebook, Twitter – social marketing (free)
- Mail Chimp – email marketing (free for a small number of subscribers)
- YouTube – video marketing (free)
6. Start marketing products or services.
Sign up for free with contextual advertising providers like Google Adsense and affiliate service providers like Clickbank so you can start monetizing your blog/website.
7. Share cost of more expensive tools or services with people you know.
You can’t rely on free or cheap tools and services forever. This is especially true when it comes to SEO services. Contact some of your friends who are also into making money online and internet marketing. Agree to share the cost of expensive services such as those used for off page SEO like Unique Article Wizard, Article Marketing Automation and Content Crooner.
Naturally you need to make sure you can trust the people you decide to form ties with. Most services do not allow joint ownership. That means you may have to take ownership when signing up with a service so you are forced to rely on the honestly and integrity of your partners when it comes to paying services on time.
The general plan I’ve outlined above should be more than enough to get you going. Remember, you do need to fork out some cash at some point if you want to start earning big. If however, you’ve got close to nothing to begin with, just follow this plan, or tweak it to your liking and you will eventually be able to save up enough cash to fund better promotional efforts for your online projects.


