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4 Low Cost Ways to Start a Home Business

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by Gail Browser
(San Diego, California, USA)

Every day more and more people are turning to the internet to find the products and services they want to purchase.

If you want to make a little extra money working from home or if you want to completely switch careers, there has never been a time with more opportunity to do so than today.

If you have a 7th grade command of the English language , a decent internet connection and even the most basic computer set-up, you have all you need to get started in a profitable new home business.

Here are 4 low cost ways to start a home business:

1 – Create and sell information products.

If you have some specialized knowledge from your previous work experience, or even if you are simply smart enough to read and master a topic quickly, you can make a good living writing special reports and eBooks and marketing them on the internet.

Many people avoid jumping right into selling their own information products because they believe they need to spend months writing a 500 plus page book in order to get started. This is not the case. You can build a good business writing short 10 to 15 page reports and selling them.

Participate in forums and discussion groups which focus on your topic of interest in order to do some market research. For example, if you have experience originating mortgages then participate in mortgage forums in order to learn what questions your soon to be customers need answers to.

Write a short 10 to 15 page report with a solid answer to one of those questions. Put up a simple website offering the report for sale at a price low enough to make it a quick impulse buy for people who need that information.

Put a link to that website into your signature on the forums and discussion groups and you have a brand new home business. Research another question your customers need an answer to and write your next report. Pretty soon you will have quite a collection of solutions to your readers’ problems. You can combine them into a book.

2 – Affiliate Marketing:

Affiliate marketing is the business of promoting and selling other people’s products for a commission. This can easily be combined with selling information products of your own, but doing so is not necessary in order to make a good living with this type of home business.

You can use pay per click advertising, social media marketing, article distribution or any of a number of other methods to drive potential buyers to the products’ websites. If you target the right prospects, you will make sales. If you are in need of extra money, there are numerous affiliate programs which pay you instantly for every sale you make.

3 – Freelancing:

If you have a skills necessary to do website design, programming, writing, graphic production or any other services often needed by website, then you can set up a business doing this work for others.

The benefit of this type of business is that you can get paid right away for the work you do and generate quick cash when you need it. There are several websites that broker jobs between freelancers and job providers.

4 – Provide online marketing services for local small businesses:

One of the disadvantages often faced by small local businesses is that large companies with their million dollar budgets dominate a great deal of the website traffic in their field. If you have the skills necessary to promote local businesses online, you only need a few clients paying you to make a lot more money than most part time jobs.

In today’s brutal economy, more people than ever need to be able to earn extra money without having to spend a lot of extra time or money. These 4 methods are excellent home businesses that can be started at very low cost.

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Updated: December 18, 2013 — 12:13 am

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