How much are we prepared to spend on our online business?
Hey everyone, how much are we prepared to spend on our online business, in a traditional business we plan to spend thousands, because that is what the business needs. Even if we dont have the money we go and find it because we must get this business off the ground. Have to buy stock eg if its clothing store we got to get the clothing, we have to pay rent. We have to do advertising in order to get our customers to come in our store. If we dont have the startup cost we borrow it from the bank or someone. We do our research if we dont have enough knowledge about what we are going into, we go and get trained.
Then what about our online business, we often dont want to spend a dime, trying to start free. Should we also have a startup cost? How do we plan to get our customers online -traffic that's what it is called. Think about it friends.
Recent Comments
9
Your right! Nothing is for free. We have to spend some money to get started one way or another. We can reduce the cost by using Wealthy Affiliate Hosting and domains, but in the end, ultimately it is going to cost us some money.
Totally agree that nothing is free. There is a cost to doing business and we need to take some measured 'risks' in spending on resources to get us to where we want to go.
This is the best set up cost to get going, the rest is up to our efforts and dedication, and like any business we need to invest as we go at least, and keep some aside for future development
We all spend, whether $ or time. We need to equate time to $ in our own minds, or we are wasting both
What you're saying is very true, in my opinion. An online business is much less expensive to start up than a brick and mortar one, but there are still some things we need to be willing to spend money on to go further.
Best wishes :) -Sherry
I agree 100%!
I have often found that people who look for the "short cuts" often never have enough "skin" in the game to hold their attention for very long. I feel an "investment" in any endeavor one hopes to be successful in is a fundamental pillar of starting right!
-Joe
You must be reading my mind because I have felt the same way about our IM businesses and proving the resources I need to be successful and figure it is way less expensive than a brick and mortar business-just as you mentioned.
You are so right Grace. Even our fees here for a premium membership is less than dirt cheap. I mentioned that on a number of occasions. Where else can you run a business for 80 cents a day.