You can even start for free if you would like to but at some point, you would have to step it up and get higher quality tools and platforms to work with.
You can start an online business at home and do the stuff that I am going to be talking about in this article, with a start-up capital of about $120.
With that said, let’s get to it.
How to start an online business from home step by step
The first thing you need is something to make money with.
If you don’t have your own product to sell, then you can sell other people’s products for a commission. It is called affiliate marketing.
You can also make money selling things like leads (opt-ins to an email list),
Or ad placements, but it only pays you well later on when you have a large internet following.
You first have to find something that you can make money from because the following steps build on it.
Affiliate marketing is great for beginners because it makes it so much easier. You don’t have to do the research that goes into making your own product. You don’t have to deal with refunds or customer support.
All you have to do as an affiliate marketer is to find a product that you would like to promote and that you can compete for fore and that will pay you enough to compensate for the effort.
Once you have something to make money with, you need a place to promote your products.
Your own blog/website is ideal and here is why.
Íf you have a blog that you own, you are building it out with time and it is your business.
The more you publish product reviews, and articles on your blog, the more authority it will get and the more money it will make.
It takes some time to build up a profitable website, it can take 2 months to a year…
But when it is making you money consistently, it is very valuable and you can sell it in the future and make many times its monthly earnings!
But if you don’t own your blog/website. If you instead use free resources online, then you are building something that you don’t own and you can’t sell it in the future so you could lose out..
So I would recommend the following..
The second step after finding your potential income stream is to start a blog.
Registering a domain name and getting web hosting with a “1 click WordPress install” is what I would recommend. I use siteground myself for web hosting, they have fast and secure hosting and good customer support.
They are a bit expensive, £96 per year, you could find cheaper hosting if you want to.
You can get a domain name for $8.25 per year so it isn’t expensive to start a home based business.
I take you through how to set up a blog with siteground, how to get a cheap domain name, and how to install useful plugins for making Money in this tutorial if you want to know more.
If you don’t want to pay for hosting then you can also create a free blog.
Blogger.com is good for free blogs.
You can also start a youtube channel if you prefer to be on camera then to write articles.
Having your own blog with WordPress hosting has way more options and benefits than having a free platform, but if you are short on cash then you can start out with free platforms if you like.
Do some research to find a niche you can enter to set up your business and Money.
Before you create a domain name or a channel, it is important to first have a good idea of what it is that you plan to make money off of.
For example, if you intend to sell fitness products from an affiliate program like Clickbank, then you would benefit from making a blog and domain name related somehow to fitness so that people understand what your site is about.
It also works better if you choose a niche for your blog and stick to it, so it is best to do some research to find a niche that interests you, and that you can write articles and reviews, or produce video content (if you want to do youtube videos) about!
The more concentrated your blog is on a niche, the more authority you build up in that niche over time, and the easier it is to rank higher on the search engines.
Plus you can build up an audience of blog visitors who are passionate about the niche in question and they can buy from you when you promote different products that relate to their interests.
You know what interests them because you know the niche they signed up to your email list for, and you promote similar Products to them and keep growing your email list and your business through your blog.
It makes it easier to know what your visitors want to buy because you know why they got to your blog in the first place.
Once you have figured out a niche you want to enter, you decide how to make money. (Affiliate marketing, or creating your own product and offer a solution to people’s problems.)
Then you can start a blog or youtube channel.
When you have done that, you are ready to start building your online business!
And how do you do that?
You simply create tons of content for your blog or youtube channel!
Write product reviews of every product you can find in your niche that has an affiliate program.
Write articles on topics that people in your niche would search for on the search engines and provide solutions to their problems, often with a link to an affiliate offer, or your own product as the solution to their problem.
Build up your blog or youtube channel with content.
This is how to build an online business blogging or YouTubing, you create content for people and you offer a solution, or you review products and you link to the products you are promoting.
If your visitors click on your links and go and purchase them, you get paid!
It is very simple and straightforward, but there is work involved and it takes some time, maybe months, maybe a year Before you make a fulltime income and more.
It is completely free to get exposure and visitors to your blog this way and with time, you build out your online business to where you make $100 per day and beyond.
Another step that you can take in your business is to get en email marketing platform.
So that you can capture leads (email addresses) from your blog or youtube visitors in exchange for a free ebook or rapport or something that they would want.
You can also set up an automated email sequence that sends out promotional emails to your email list.
The bigger your list gets, the more money you will make.
There are many email autoresponders to choose from, here is a list of the top 3 email marketing platforms that I personally have used and recommended, they all offer trial versions so you can test any of them out for free.
I use Getresponse. (They provide a FREE 30 day trial of their platform so you can try them yourself).