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The Cycle of Never Ending Online Spending

Dec 2nd 2010 at 7:25 AM

Working from home is much like riding a bicycle.

Once you mount a cycle, you have to keep pedaling to avoid falling off. If you stop pedaling, you have to get off the cycle.

The same principle applies to working from home. Once you start, you have to follow certain steps to be successful or get out to avoid lunacy or bankruptcy.

Your work-from-home ride starts with investing time evaluating your options. The more time you invest here, the better your chance of success. If you skimp on this evaluation process, you’re likely to fall for the hype that is rife, especially in the earn-from-home or make-money niche.

Since time = money you have already started spending without touching your purse.

Now if you want to lay a sturdy foundation for your home business, you’ll follow the advice of pros and start by getting a domain name and hosting.

This involves investing a minimum of $3.95 per month, ($47.40 per year) into your business, depending on the hosting service you choose. Some hosting providers for instance include one domain in their hosting plan. With others you have to get and pay for your domain separately, meaning roughly $10.00 per year additionally.

Can you go without domain and hosting?

If you want to go on working for someone else, enriching others instead of yourself, yes you can. You’ll get access to a replicate website to promote, which you cannot change. You’ll be provided with ready-made promotion material, which does not convert, because everybody promotes the same. You’ll most probably not receive the details of your referrals, so you’ll end up working to enlarge somebody else’s list. Plus you’ll have to pay for the use of that material. Will you be any better off this way? If you really believe that, have it your way, the choice is yours.

Next you’ll need an auto-responder.

You may ask : what for?

With an AR you can collect the details of your prospects and follow-up on them automatically. An AR works for you 24/7/365, thus giving you more leisure-time to enjoy. Is that worth paying another $17.50 to $20 per month to you?

When you host your own domain on certain servers, you would not have to pay extra for an AR since you can get a free script to install your own AR.

But even without your own domain, an AR is a necessity for any home business.

Necessary spending so far:

Cheapest: $ 3.95 per month (domain +hosting + own AR), which boils down to $47.40 per year. Most hosting comes per year.

2nd choice: $ 10.00 domain name p/year

$ 48.00 hosting p/year

$210.00 Auto Responder p/year (could be covered with sales u bring in)

$268.00

Shopping around can make a big difference to your budget as you can see.

Does it end here? No. A cycle never stops unless you get out of it.

 

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