Not having no money to pay your bills is terrible and there’s nothing anyone can say or do to make you feel better when you are in that situation. All you need is money and you need it now otherwise you may have your electricity cut off, your cable cut off or even your water cut off which is a necessary commodity for life.
Now if you are reading this article, its safe to assume that you are broke and want to learn of a method that can generate cash really fast so that you may be able to pay your bills. So what I am about to do is to share with you a simple system that you can use to set up an online business without spending a ton of up front capital which you already do not have.
How To Set Up An Online Business When You Do Not Have Money To Pay The Bills
One of the advantages of the internet is that you can create an online business with very little to no money at all. You can also be up and running and profitable in a very short period of time. Now before I get into the system, let me give you a brief overview of how your online business will work to generate money even while you are sleeping.
The Basis Of Your Online Business
Everyday people buy stuff from the internet and that’s no secret. What you as an entrepreneur will do is become a middle man in the whole equation. You will align persons looking to buy stuff (that will most likely solve a problem or need that they have) with the right products and get paid for doing so.
So we have:
Sounds simple doesn’t it?
Well it actually is when you know what you are doing. Below I am going to share how you can get started right away so that you can be profitable in the shortest time possible in order to earn money to pay your bills.
Creating A Online Business From Scratch
People are spending money on all sorts of things online. However, you can’t be all things to everyone. You have to find a niche where you can become the expert so that people will trust you and buy from your recommendation.
The best thing to do is to write down all the things that you are good at. Then it will be easy for you to find a niche where you can render your service and expertise. And please don’t make excuses and say you aren’t good at anything. You must have a few talents that can benefit others.
Excuses are for people who want to remain BROKE!
Once you find a few things that you are good at, you can then search online to see if there are persons who are actively seeking solutions in your area of expertise. If push comes to shove and you really couldn’t find anything to write down, you can search magazines and look at some of the ads to give you and idea.
Step #2 – Research The Problems Your Market Is Having
Now that you have found a market, you need to find out exactly what they need. This is very important because when you know what they need, finding the right solution will be easy.
In this step, what you want to do is to visit popular online forums where your potential customer would hang out. An easy way to find these forums is to go to Google and type in “your keywords + forums”.
Browse these forums and look for clues and common questions that these people are asking. For example, if you are in the weight loss market and visit forums you may find people asking questions such as:
- how can I increase my metabolism,
- what food should I eat to burn more fat,
- what type of exercise targets the stomach etc.
As you can see from the above examples, these questions are very specific and not the usually: how to lose weight kinda stuff. You want to find specific questions and clues to target a specific segment of your market. This way, when you start your promotions, you are not competing with the masses.
What you want to do here is to create an offer than answers most of the common problems that you found in your research. This offer can be a simple 5 page ebook titled: Frequently Asked Question And Answers About Enter Niche Here..
Here’s the what you may not have been expecting.
You will be giving away all your research for FREE. Yup, all your time and energy will be given away for free to persons who are having problems in your niche and are actively looking for a solution.
Here’s how you do this. You will need to get a domain name (~$10 per year) and a hosting service (~$10 per month) and an autoresponder service (~18 per month). So you are looking at about $38 start up capital.
The next step is to create a lead capture page (you can find lots of free ones online) that you’ll use to give away your report. However, in order for your prospects to get this report, they’ll will have to enter their name and email address so that your autoresponder can forward it to them. Doing this will allow you to build a huge list of fans aka subscribers who want to learn from you and will buy stuff you recommend.
Now you maybe saying, if you give away your offer for free how will you make money? That’s a great question and here’s how it works:
Have you ever been to a fast food restaurant to buy some chicken and the cashier asked if you would want something else to go with your order? Well that process is called an upsell. Not everyone will add something to their order, but a huge percentage will.
You are going to employ the very same methodology in your marketing. When someone signs up for your free report, you are going to present them with an upsell which they can buy right away.
This upsell maybe a product or service from an affiliate network which you are a part of or it maybe another product that you created yourself.
Either way, when your prospects buys right away you will make money. And here’s something amazing: even if most of your prospects don’t buy right away, you would have already collected their names and email address which means that you can go to your autoresponder and follow up with them until they buy.
Here’s an example: let’s say you are in the weight loss niche and you created a free report on the 5 foods to eat to burn belly fat.
Now when someone signs up, you then present them with an opportunity to buy another product which is the 3 exercises to do that will burn belly fat.
Here’s an example of how the figures will work out:
You get your offer in front of 100 persons and about 35 will sign up. SO your lead capture page is converting at 35%.
Of that 35 persons who signs up, about 10% will buy your upsell offer right away. That is about 3.5 sales on average.
Let’s say you earn $33 per sale. That means for every 100 visitors you send you’ll earn about $115 right away. Now you will have messages preloaded into your autoreponder that offers more free tips to your subscribers (persons who have signed up) while soft selling the same exercise product.
Over a 30 days period, 2 more persons from that initial 35 bought the product and so now your total number of sales is about 5.5 sales on average. So now you earn $181 from your initial 100 visitors to your page.
This is the final step in the equation of setting up an online business that will allow you to earn money to pay your bills. It is also the most crucial step because if your prospects don’t find you then two things will happen:
- a). Their problems may never be solved and,
- B). You’ll make no money at all!
So how do you get your offer in front of your prospects?
It’s quite easy actually. You simply go back to where you found them in the first place when doing your market research and share your offer with them. Okay maybe it’s not so easy but here’s what you can do:
Since you already don’t have money to pay your bills, I may assume that you also don’t have any money to spend on advertising. Therefore, you’ll have to spend a lot of time doing tasks that will allow your prospects to find you. Ofcourse, once you start to generate some funds and get your bills out of the way, you can reinvest in advertising to grow your business much faster.
Here Are The Steps To Get People To Find Your Offer:
** Visit Related Forums And Contribute Value
As you may remember from your market research step, there will be tons of persons asking questions on popular forums in your niche. What you need to do is to sign up to some of these forums and offer tips and advice to persons who are having problems.
Most of these forums will allow you to have a signature which will be a link to your website. You can put a link to your lead capture page here. Now once you are offering good answers to questions, people will quickly see that you are an authority on the subject and will more than likely want to learn more from you.
Therefore, they will click on the link in your signature to visit your website. This method alone can drive a ton of traffic to your website if you remain consistent.
** Visit Popular Questions/Answer Websites And Offer Value
This is another way to get huge amounts of free targeted traffic. You can sign up to websites such as wikianswers.com or yahooanswers.com and answer open questions on your topic. After answering these questions, you can have a link to your website in the ‘source‘ section.
Here’s the good news: as long as you provide valuable answers, they will stay up forever and more and more persons with the same problems will find them which will bring more traffic to your website.
There are a lot more free ways to get your offer in front of your prospects but I will leave them for another time. I don’t want you to be overwhelm with too much information all at once. If you can follow the steps above, I have no doubt that you will have a profitable online business in as little as 30 days and you won’t have to be wondering how to get money to pay your bills.
Okay so I also have an upsell for you 🙂 Big smile on my face now mwuaahhahaha
Yes I am a marketer too and I have business to run as well.. Okay all jokes aside: How would you like to have a complete online business up and running in minutes without you having to do all the work listed above?
- You get a proven market filled with buyers,
- high converting products to sell that pays huge commissions,
- lead capture pages that converts well over 40%,
- recurring income from sales – meaning you make the sale once and get paid every month/
- Follow up autoresponder messages
- All the technical stuff done for you
- And a whole lot more goodies..
Sounds good right? Well if you are struggling to pay the bills, this is the easiest thing I have seen in all my years online that you can use to generate thousands of dollars online in the shortest time possible. Just click the link below to get started.