This is the most common question new comer’s ask when getting started online. And the answer to this most frequently asked question is a big No.
We never hear such questions being asked when it comes to starting an offline business. We need to invest for shops or stores, manpower, goods, maintenance charges, licences and many extra expenses. Then why ask silly questions when starting an online business that is going to earn money mostly on autopilot even when you are asleep. So by now I think you have got the answer to your first question. But again the investment you need to make in order to get started with your first ever online business is nothing like that for an offline business. You don’t need to spend thousands of dollars to get started. The whole investment can be kept under $30 well in most cases.
Now to the second part.
How much money is needed to get started with an online business especially when you are just starting out.
Here is an approximate breakdown of expenses you might have to bear when just starting out. The costs are for starting a simple WordPress blog or website.
Hosting services – They are like these big computer servers which host your website or blog and make it accessible to people around the world, 24×7. Now a days you can get a cheap webhosting service starting from approximately $10/month which supports multiple domains.
Domain registration – Domain is the address of your site. A visitor can see your website or blog by typing this address in the URL section of any browser.
You need to register a domain for your blog/website. Domain registration can cost you anything around $15 one time fee for one year. You need to renew your domain registration every year to keep it live.
These are the minimum investments you need to go through when just starting a basic blog or website. What it means is that with an investment of approximately $25 you can be up and running within no time. So what are you waiting for. Get started with your first ever online business today.
Remember, If you want to include an autoresponder like Aweber in to your website or blog its going to cost you an extra $19/month for basic package. Similarly if you want a professional website theme you will have to pay. Almost all the professional WordPress themes are paid ones. So you can plan your investment according to your priorities.