http://marinerblue.com/best-home-business.html In this article we’re going to be talking about the importance of setting a monthly budget for your home based business and how to go about doing so.
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Working Online: Setting Your Monthly Budget
In this article we’re going to be talking about the importance of setting
a monthly budget for your home based business and how to go about
doing so.
In all honesty when you’re first starting out with internet marketing
your budget doesn’t really need to be that big at all. A lot of people will
tell you that you need hundreds to effectively market online and that’s
just not the case because if you’re doing it right almost all online
marketing is free.
2. This is a great thing for the home business newbie because 99 times
out of 100 most people don’t have that much to spend anyway. So
they need to use the money they do spend in an effective way.
So what you want to do first and foremost is figure out how much
money you can afford to spend every single month. If you have extra
one month that’s awesome, but on a normal month to month basis
how much can you afford to spend on marketing?
Don’t worry about how big or small the number is… it can be $3000,
$300 or even $30 and you can still run a successful online business.
So don’t stress out about it. Just pick the dollar amount that’s right for
you and stick with it.
Next you’re going to want to list all the different ways that you want to
market online. Remember, almost all online marketing is free so even
if you have 40 different methods on your list probably less than 5 of
them should require a financial investment.
Things like Squidoo, Twitter, Myspace, Facebook, Forums, Youtube,
Article Marketing, and Blogs are all free. I don’t have time in this
article to explain how each of them work but there is lots of good
information all over the internet to teach you how to use each and
every one of these!
So since all of those are free what should you spend your money on?
Things like PPC perhaps… although PPC (or pay per click) can be
really dangerous for the internet marketing newbie because you can
end up spending a TON of money and get very little in return.
However if you do want to use PPC that’s fine just make sure you
have a budget for that.
3. Other things you can spend money on online are domain names,
hosting, and website creation if you don’t already have a website that
you like.
Once you’ve made your list write a dollar amount next to each item.
That dollar amount will represent your monthly budget for each one of
these things. (Hint: “free” should be written next to many things)
Now that you’ve made your monthly budget the only thing you have
left to do is stick with it! That can be easier said than done sometimes
and you might be tempted to go over budget but try to avoid doing so
because when you stay on budget you’ll be less frustrated with your
business.
It is when people go off budget, waste a lot of money and still aren’t
wealthy that they get frustrated and want to quit.
Follow these simple steps and create an awesome budget that will
keep your home based business on track and profitable.
4. Want to find the best Home Based
Businesses dealing with the most
important issue today... Health?
Visit: http://marinerblue.com/best-home-business.html for
information on the 4 Best Home Based
Health Businesses available.
Contact: Matt Canham
support@marinerblue.com
415 508 3898