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Budgeting For Your Online Business
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What I recommend here is a methodology for those who plan to establish your business online with a limited budget.

One of the most important factors for success in online business or any business for that matter, is budgetary control, regardless of how big or small your budget.

First we must define what the meaning of the budget is limited. First, one must believe in your heart that it is impossible to start and run an online business for free. I do not think anyone who tells you otherwise.

The second rule is that you need to budget at least $ 200 for marketing and administrative costs. To give you an idea of what these costs could be here some examples:

1 - Administrative expenditure items:

a. Internet connection
b. Hosting service for your website (if available)
c. The phone bill.
d. Electricity
e. Charges
f. Postal and email (if applicable)

2 - Marketing costs (Depending on your strategy)

a. Software Programs
b. Generation Traffic Services
c. Online Advertising
d. Pay Per Click
e. Leads
f. Autoresponder Service
g. Any other paid advertising Tactics

Now you can add on top of that $ 200 of direct costs related to your business. Primarily this includes one or both of the following:

1 - What should you pay to stay in business, including a monthly subscription for you.

2 - Inventory of products you have to buy.

To be able to spend your budget wisely recommend you follow these steps:

1 - Do not start your online marketing activity, choosing payment options. I will just list here:

a. Submit your link (s) to directories and search engines.
b. Write and submit articles to article directories
c. Reciprocal linking
d. Post on active forums like Africatopforum.com
e. Make your website content rich and dynamic
f. Blog and Ping.
g. Traffic Exchange Services

2 - Buy software that will help automate the process of the above options free online marketing. Try not to opt for subscription-based services. Make sure you have software programs that have a choice of one-time payment.

3 - After a few months you will realize you have a free amount your budget can now be used to pay marketing options online or offline.

My sincere recommendation is final and not engage in any online business if you can not spend a total of $ 300 - $ 500 per month.


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