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[Newbies Solution] - How do I start in IM if I don't have a penny to invest?

Discussion in 'Making Money' started by bk071, May 29, 2011.

  1. bk071

    bk071 Jr. Executive VIP Jr. VIP Premium Member

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    Hey guys, whats up?

    Okay so its my 1000th post on BHW since I joined. Just wanted to say thanks to all who helped, all who gave me courage to take action, all who were inspiration for me and on top of that MODS and ADMINS for keeping up such a f***ing great forum!

    I was thinking of how would I celebrate my 1000th and thought instead of sharing some BS WSO or DP ebookl, I'd write a post just for newbies cause I see a lot of guys posting like "how do I start in IM?" :)

    Well IM is no rocket science, its not hard. You just have to pick up your path and stick to it no matter what. Some say, its not easy to make money online but I don't think so. It IS easy but for those who are smart, those who don't work hard rather do it the smarter way ;)

    First, here's what you will need to start:
    1. A computer (You already have it)
    2. Internet connection (You already have it)
    3. Determination (You have to produce it in yourself)
    4. Will to make money (You won't be reading this if you didn't have it)
    5. A business oriented brain :) (Well, this develops with time)

    Okay now there are a lot of ways to start. But here I'm assuming that you don't have a single penny to start with. In that case, you need to make a little money to buy hosting/domain etc.

    Let me explain:

    Freelancing - A great thing to start:
    A lot of people will disagree but I always advise newbies to start with freelancing. It doesn't mean you have to be a perfect writer, a perfect coder or some kind of engineer. You need to have some basic skills like MS office or PhotoShop or DreamWeaver or whatever. I believe everyone has some god gifted abilities. You just have to discover and polish it (Doesn't take more than a month). Some tend towards writing, some towards designing and so on...
    Once you have polished your skills, you need to find people who are looking for guys like you with those specific skills. Here are a few freelancing site where you can search for jobs:
    http://freelancer.com
    http://elance.com
    http://Odesk.com
    http://guru.com

    Better join all of them and be an active bidder on different projects in your field. Here is how you can make money with freelancing:
    make money freelancing

    Another great site to start off is http://fiverr.com. Read more about it here:
    how fiverr works

    Now you can see that its not very hard to make your first $100 or so... But guess what, its not passive. Means you earn the money only for your work. What we are targeting here is passive income. Income that will not decrease and come straight into your pocket even if you take 2 weeks vacation and this brings us to:

    How do I start earning passive income?

    Well I won't go in much details here.
    You need to have a website if you are serious about making money. And for a website, you have to do keyword research. This is where most of the newbies go wrong and create their site targeting KWs like "make money online" or "lost weight" etc. Here's a couple of great posts about KW research:
    Step by step KW research
    7 mistakes to avoid in KW research

    Okay I have picked my Keywords, now what?

    Well not much, just create a website targeting those KWs. I won't in details about how to start a website but here is all you need:
    LukaB wrote a post about starting a website here:
    Complete guide to starting a website

    I would recommend buying hosting from some good host like hostgator and a domain name from namecheap or godaddy. People love free domains but unfortunately Google hates them. You won't rank high with a .co.cc domain unless you are targetting some KW like "my cat went hard on dog and snatched the bottle from Anna blah blah blah" :D Sorry if it was easy to understand LOL.

    My website is up now, how do I get traffic to it?
    Well I can't simply tell its a big secret (Just kidding) :)
    To get traffic, you need rank well for the KWs you are targeting. There are other ways of getting traffic to your site but Organic Traffic or in other words, Search Engine traffic is the best and thats what you should be looking for.
    How do I get the number 1 spot on Google?
    Call Google and tell them to place your site on #1 and they will do :p No, you have to do work. if you know nothing about SEO, you should go here and read all the sticky threads:
    White hat SEO
    Black hat SEO


    Yay my site started getting traffic, but how do I make $$?
    If your site has started getting visitors, thats good. Now time to make some money off it. Well there are a lot of ways one can make money from a site but most popular ones are
    Adsense
    CPA
    Affiliate programs (Think clickbank)

    I strongly recommend reading the stickies in the respective forums and believe me, you will find answers to 95% of your questions. Just read hard!

    Now once you are up making money, don't sit back relaxed because you are making $100 a month. Thats not the right attitude. Think if you can make $100 a month with just once site, why not make 10 such sites? How about 20? Or even more, you should consider other ways to make money as well. You might have heard "Don't put all your eggs in one basket" well thats true. Diversify your income sources so that even if your adsense account is banned, you keep making something w/ CPA and aff marketing.

    Well thats pretty much it now. The key is to take action (yeah the same old quote you've heard 1000 times but its true).

    If you have any questions, feel free to ask in this thread and I along with other expert members will try our best to help you.
    But please before asking questions use the search function of BHW and Google. See that I hyperlinked two Google search links to show you that nearly everything you ask, has already been answered on this forum or somewhere else on the web.

    Good luck you all!

    PS: Adsense, CPA and Affiliate marketing are not the only ways to make money w/ your site. I have used them just as an example. You can monetize your site in any way you want and see what works best then stick to it.
     
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  2. LukaB

    LukaB Jr. VIP Jr. VIP Premium Member

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    A really great post BK! Yet another contribution from you! :) Keep it up
     
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  3. GlobalP

    GlobalP Regular Member

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    Great post! I have had lots of inquiry's of how to do keyword research lately and I will defiantly be sending some people to the resources you linked up here!
    Thank You!
    GlobalP
     
  4. KlaAz0r

    KlaAz0r BANNED BANNED

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    nice post +1

    I remmeber when I started in IM 4 months ago, 0 money and now I made around $5k <3 internet
     
  5. fruity_looper

    fruity_looper Junior Member

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    This thread should be sticked in the Making Money section!

    It has everything a newbie needs to know to start in IM!
    I wish this thread existed when I began lurking and looking for a way to start.

    -A way to start up when you have little or no cash online, freelancing, fiverr
    -Keyword research, do's and dont's
    -website creation and setup
    -getting traffic
    -making money: Adsense, CPA, Affiliate products

    Any newbie reading this, read as OP says, All stickied threads!

    BOOKMARK THIS THREAD TOO!

    ---------------------------------------------

    My IM Journey:
    I started with cpa when I had money for a domain and made a nice amount monthly but not mearly as much as i wanted.
    I got given the advice of rinse and repeat and i did make a second site and built up to make more money.
    But then i left it there 2 websites only.

    My stage right now is where i'm making a consistent amount of money a month at the moment but I haven't done much to increase my earnings at all!

    The one thing I was told a while back was: "rinse and repeat", "make another similar site and do the same again and again!"

    I really wish I listened to that advice earlier and kept going on and repeating!

    But that's what i'm setting up now and hopefully i will keep on rinsing and repeating until i reach my desired goal!

    Also, a few days ago I added adsense to the 2 sites (Made $10 in 2 days!)

    ---------------------------------------------

    Anyway enough hijacking.

    This thread should be sticked, i demand it be sticked now! :D

    Thank You bk071 for a great thread that even woke me up a bit!

    Repped, Thanked and Bookmarked to give to any newbie! :D
     
  6. iconcept

    iconcept Newbie

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    awesome thread...i needed this thanks man
     
  7. bk071

    bk071 Jr. Executive VIP Jr. VIP Premium Member

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    Glad you liked it :)

    See a little research reveals all you need to know. There are already great resources of information on almost every IM related thing on this forum. You just need to do a little search. This way you are supporting the forum by saving bandwidth :)

    Guys, let me know if you have any questions regarding anything. I'd be happy to help.

    Cheers.
     
  8. cicsmayhem

    cicsmayhem Regular Member

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    That's a very good post bk.

    I remember when I decided to work online back in 2009 where I was influenced by my friend to join a freelancing and my first job was article writing ($5/article). I usually make 35-50 day writing articles. Back then I have still have no idea the purpose of articles. Luckily, one of my employers showed the system how it works and I got the idea of arbitrage. My rate back then was $5 for 1article and to lessen my work I decided to outsource philippine writers which was $1/500words and many of them are still willing to work with me and pretty much better than me. Since then I decided to add some work and I got into dropshipping of bed sheets and gps products which I sold in ebay. From that time on I'm getting good sales from ebay, and ecrater which was really great. After a few months of getting involved in article writing and dropshipping, I decided to lessen the workload and remove article writing and go with cpa which was more difficult and lost some money from wrong investments. But there are projects today that I have been working offline and works well on my part. My advice to the starters is that don't stop learning even if u fail (happened to me and lost thousands) and don't be afraid to risk especially if u are still young. IM has many learning curve but anyone has the capability to make money. It's just the initiative and willingness to succeed.

    -cics
     
  9. bk071

    bk071 Jr. Executive VIP Jr. VIP Premium Member

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    Thats cool :)

    I wonder how people under-estimate the power of freelancing. I personally know a few guys making a living just off this thing. Once you are set up, you can start brokering and thats what makes you even more than a website sometimes :)
     
  10. pr0ject

    pr0ject Power Member

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    Great thread!
    I started with $0, and now i'm making some nice money. :)
     
  11. bk071

    bk071 Jr. Executive VIP Jr. VIP Premium Member

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    Now go and scale what you did to the max :)
    As I said, scaling is the real thing when it comes to IM. No one makes millions with just one site (Except those big names OFC) but one can make millions w/ 100 or even 1000 sites. Makes sense huh? ;)
     
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  12. Kz3ro

    Kz3ro Junior Member

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    Its as easy as finding somethat that works. Than rinse repeat, over and over and over and over again. Seriously, Don't stop
     
  13. pr0ject

    pr0ject Power Member

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    I will scale my method soon, i'm trying to have a variety of sources of income to reduce the risk.
     
  14. MadeMan

    MadeMan Newbie

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    Great post! :)
     
  15. gingerlyspicy

    gingerlyspicy Junior Member

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    nice post :) can u suggest some nice e books to start off affliate and cpa .just downloading commission blueprint after everyone suggesting it.can u suugest a gud one for cpa too there are tons and tons ind ownload sectio that i end up being so confused :eek:
     
  16. reinie

    reinie Elite Member

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    Great help for the noobs, this thread should be a sticky
     
  17. Extraterrestrial

    Extraterrestrial Newbie

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    Thanks for this awesome post! :)
     
  18. jangedoo

    jangedoo Registered Member

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    thanks for the post man. It will be really helpful to me and others as well.
     
  19. jblaze

    jblaze Junior Member

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    bk071

    Do you mind posting the number for Google here for us? I knew I was missing something obvious.

    Thanks in advance :D
     
  20. Soayame

    Soayame Regular Member

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    LOL Idk man money makes IM way easier.I dont have a job and I barely make over $200 a month of IM. Every method I try failed.

    YT accounts got banned was doing dating offers
    My website only get 30 visitors a day and I make bout .50 a day from it. YT traffic

    I did freelance work its pretty helpful but most of those guys only pay like $2 every 500 words. It takes me a hour to write that. Im better off working saving up a then get money for 100 domains and doing the Adsense.