Ok, I just had this conversation with someone else, people ask me the same question all the time… “How can I make money on the web too?” Everyone in the world is chasing the same dream. Everybody wants to make money and everybody wants to be rich. All over the web people are trying to sell get rich quick ideas that may or may not work. So I thought I would explain step by step how to turn $500.00 bucks into 100k . I just don’t think people really understand how easy it is to make money in this world! I have listed tons and tons of small business ideas anyone can do for under one thousand dollars, this is why I started this WordPress blog. To share these stories with you.
Every business earns its first dollar before earning a million.
Small Business Ventures
- Buy and sell on eBay. (Get started for under a buck!)
- Start a WordPress blog. (You can get a website idea produced for well under $1000.00 dollars everyday of the week.)
- Start a DMV runner business. (Less than $500.00 to get started.)
- Start a handyman business. (Less than $1000.00 to get started.)
- Broker deals.
There are millions of small business ideas, you can do with just a few bucks! If you have a job, then you are providing a service for the place that you work everyday. Have you ever looked over the cash register, and thought… “I can do this myself.” So why not? Why you can’t you hire yourself?
My point is to not plug my own WordPress blog. But I want to show you that business opportunity exist all around you, small business’ are everywhere. I mean think about it… You think Juan the Lawn guy saved up 15k, and invested in to a truck and lawnmower and some weed-wackers? Nope, in fact he probably all ready had the truck so we won’t count that. He most likely picked up some nicely cared for lawn tools from some rich dude at a garage sale for a few hundred bucks that was moving into a retirement home. I think it was the USA today newspaper who wrote a news story about, the doggy pooper-scooper, which is a one hundred thousand dollar a year business. Tell me what it cost to get that started? 50 bucks? It is out there… You can find it. The problem is that most people insist on wanting to buy someone else’s idea, but to worried about buying your own. The cost you are paying for someone else’s idea is for him to produce this for you. All you are doing is paying for his idea. It all comes down to this… The purest form of a small business, and what America was founded on.
I am trying to explain how to do this, for this example, I am going to go with the website because I know it, and I can give you the best chance for success by explaining to you something I know about, and can give you data. So you get yourself a website that cost you $500.00 nice round number, these days you can get a lot developed at this price. You can’t really expect something great from anything less. Now it doesn’t really matter what the subject of the website is, so we won’t even go there. It is somewhat a factor when accelerating your results, for example, if you have a 1% conversion to sale rate on your website, you might raise it to 3-5% maybe in the short term, I will try to touch on this later.
So the website is up and running, this is where the money comes in. I would say across the board the standard rate of converting a sale on a website is right around 3% for organic traffic; I know there are websites that are much higher, this is true. But I am talking about everything, pay-per-click, affiliates, sales, everything is 3% across the board. Now lets find the average rate of sale, you must figure in everything from the three cent clicks to the $12.00 affiliate commission. For this example I am going to go with 5 bucks as the average sale because this is reasonable and any website can reach this potential.
So I guess you are starting to see how this works? At 5 bucks a sale, 20,000 sales is $100,000.00, to get that you will need about 700,000 hits bring in about 21,000 sales.
Can you see the principles at work? I mean the website is only the vehicle you can use anything, you are looking to close, sales in the most effective manner.
Oh, and how about this, depending on how quick you want to make the money you can pile on some risk. What is your risk tolerance? You want to take some risk? Risk is my middle name. I got the stars in my cross hairs, so if I hit the moon I can live with that.