With the economy in shambles, many people are looking for other ways to make money. Most people went into business for themselves, and other people started their own online business. However, many people don’t want to start an online business and invest too much money into it, and for good reasons. It is important to make wise decisions when money is tight; therefore, you should never invest more than $100 in your new online business if you have a tight budget or are inexperienced.
There are ways to make money online with less than $100. However, you should understand that your results may be minimal or take a while to show. With that being said, here are three ways to make money online with a small budget.
1. Sell things on Craigslist and eBay
If you live in a small town, you will have a hard time selling things to people. Yard sales and flea markets may be scarce, so you should turn to the Internet to help you sell your items.
Many people create a business out of selling things online. You can find items being sold at local yard sales and flea markets; clean them up and resell them for a profit. You can purchase a bike on Craigslist and resell that bike on Craigslist for a profit.
It helps if you specialize in a certain type of item, such as antiques, jewelry or collectables. By knowing the true value of certain items, you can take advantage of any selling opportunity and profit from it.
2. Become an affiliate marketer
Affiliate marketing is one of the most common types of online businesses. Simply put, affiliate marketing is promoting another person’s product, and he gives you a commission for every sale that you make. Affiliate marketing is typically easier for inexperienced online marketers. It gives them the chance to learn how to market a product or company online, preparing them for their own business.
While the world of affiliate marketing is complex, all you really need to know is that you should have your own website specifically designed for the affiliate product, market that website on social media sites and create articles for article directories that link to your website. Other sophisticated marketing methods can be learned later.
3. Create a Google Adsense account
With a Google Adsense account, you open up multiple opportunities to make money online. You can create articles on sites like Hubpages and receive revenue for every placed ad that readers click. If you create videos for Youtube, you may be able to participate in their partners program, which also uses utilizes Google Adsense. However, your videos and channel have to have a certain amount of views or subscribers before you can participate.
It is free to create an Adsense account, but you can not use your Adsense account to promote porn products, gambling and other risky types of products or content. Google does not allow its affiliates to use their revenue sharing program to promote adult entertainment. Doing so could result in a permanent ban, which is something you don’t want if you want to make money online.
These are three things you can do to make money online with a strict budget. As time progresses, you may find that you have more money to put towards other types of online business strategies.