Friday, September 13, 2013

How much does learning to earn money online cost?

I'm going to stop reporting monthly, but I wanted to show you an overview first. 

Below you can see the costs of learning to make affiliate sites and the revenue from them.

It takes time to get money

At first I used money to courses that I needed to learn online business. After the courses were over, only thing that was left was the cost to run the business, $30 per month. And before my site had enough traffic to start earning, I had used over $500 to courses and keeping the site up.

It took until July 2013 to cover all the costs of learning. But as you can see, when I got to the point where the site started earning money, it paid back the costs in just a couple of months. And now the line is heading nicely upwards!

What many people who talk about doing online business don't tell you is that it takes time to see the results of your efforts. Even if you would start a perfect business, it will still take months for people to find it. You can't get high search engine rankings overnight.

So you shouldn't quit your job thinking that you are able to replace your income fast. It's much better to start learning things while you still have a stable job and wait until you see the money really coming in.

How to get started?

A good option is e.g. to learn SEO, keyword research and marketing from SiteBuildIt course and then write your own ebook that you sell through those same pages. After you have learned how to get traffic, market & sell your products and to charge people, you can start to think about building bigger, more expensive products. Things pile up, and if you get a good start, you can grow up your business.

What am I doing next? 

The affiliate sites that I've built are still chugging on. Thanks to SiteBuildIt's SEO approach, I haven't been affected by any algorithm changes or anything. 

My main focus now is to continue to build my own products - which already earn me more than these affiliate sites. I feel that I made a good choice in learning different aspects needed to run online business slowly, one-by-one. If you want to follow up how I am doing, I'm reporting my SaaS (Software-as-a-Service) business building efforts at Happy Bootstrapper

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