Editorial: How to start an Internet business with $179.72
By
Derek Gehl

Recently I asked you to leave me a comment on my blog,
telling me what your number one challenge was.
One member of the
"IMC Insider" community is
currently facing a more difficult challenge than most.
Mark just lost his entire business in a fire and doesn't
know what to do next in order to begin again.
Well, Mark, if you're thinking about starting an Internet
business, you're definitely on the right track. Out
of any business you could start, an online one is by
far the cheapest -- and the quickest!
To help you get started on the right foot, here are
some tips on how you can get your business up and running
in 30 days --
and making a profit -- with under
$200.
Step #1: Use Wordtracker to find a product people already want to buy (1 month = $55.78)
The first thing you need to do is locate a niche market
and discover a product you can sell to them.
Wordtracker is a keyword research tool that makes this
step as easy as possible. It shows you what people are
searching for in the search engines, so you can discover
what their problems are and then present them with solutions.
A one-month membership should give you plenty of time
to complete this first step. You can sign up for Wordtracker
at:
http://imc.wordtracker.com
Step #2: Choose a domain and set up your hosting
account
(3 months = $23.94)
Most hosting companies are dirt cheap these days and
will give you a domain name when you sign up.
If you get a beginner account with 1and1Internet, you
can get three months of hosting for just $23.94. It's
a great hosting company and will provide you with everything
you need to get started.
You can sign up by going to http://www.1and1.com.
Step #3: Build your site using NVU (It's FREE!)
Although 1and1.com provides you with a basic website
builder, you may decide you need more advanced web editing
capabilities to customize your site.
If you're on a tight budget, NVU will do the trick.
It offers a great WYSIWYG editor for free. As you get
more advanced, you may want to upgrade to Dreamweaver
(which you can buy at Adobe.com). But NVU is more than
enough to get you started.
You can try it out at: http://www.nvu.com.
Step #4. Set up your payment process using PayPal
(It's FREE!)
If you're going to sell your own product online, you
need to be able to take payment for it! And if you're
counting pennies, PayPal is by far your best option
because it's free and so easy to add to your site.
Be sure to sign up for a "Premier" account. It's still
free but offers some additional features you need as
an ebusiness.
Okay... so your site's up and you're able to process
payments. Now you need visitors!
But how do you get traffic on a shoestring budget?
Step #5: Use pay-per-click engines to drive
qualified traffic to your site (1 month starting cost
= $100)
Here's some good news: When you sign up for your hosting
account with 1and1.com, you get $100 in free traffic
from Yahoo, Google and Microsoft. If you match that
investment, you'll have $200 to play with -- and that
amount of money can go a long way if you play your cards
right.
Just make sure you don't blow on your money on high-priced,
overly general keywords!
Stick to savvy pay-per-click strategies and bid on cheap,
overlooked keywords -- and you'll be able to get quality
traffic without draining your bank account.
(Hint: think synonyms and misspellings!)
Step #6: Distribute articles to free directories
and content sites
(It's FREE!)
One of my favorite free traffic strategies is simply
writing a couple of info-packed articles and posting
them in newsletter directories and free content sites
where other people can pick them up and republish them.
It's a great way to get inbound links pointing to your
site, so it rockets to the top of the search engine
listings. Plus, the articles spread word about your
business and help build your credibility as an industry
expert, so your visitors will be more likely to buy
from you.
Those are just two traffic strategies that cost very
little and will get you ramped up and making money quickly.
There are lots of others as well -- such as blogging,
Web 2.0 strategies, affiliate marketing... the list
goes on.
That's what I love about the Internet -- it's so unbelievably
cheap to get started.
How cheap? Well, the six steps I listed above will cost
you only $179.72 -- not a bad investment for a profitable
business!
However, there's one thing you need to know: The secret
to setting up a
truly successful business in
such a short time is to make sure you have the right
training and information guiding you along the way.
The entrepreneurs who end up blowing all their money
with nothing to show for it are the ones who spend too
much on strategies that haven't been proven to work...
or get sucked into "get rich quick" scams... or try
to reinvent the wheel.
A small investment in your education will save you a
huge amount of money over the long term. Not
only will you learn what you need to do to avoid costly
mistakes and grow your business in record time -- you'll
also discover how to recognize incredible money-saving
opportunities when they come your way.
(Opportunities, for example, like the one I'm going
to tell you about below!)
So Mark, I hope that gives you some direction on how
to bounce back from the fire and get started with your
next business. I'm willing to bet this one will be more
successful than your last one ever was!
Please drop me a line and let me know how you're doing.
And if there's anything else I can do to help, just
let me know.
To your success,
Derek Gehl