With the current economic situation here in the US, it seems like an appropriate time to help as many people as we can to be able to build an online business.  In order to help everyone, we have to have a way to generate leads as quickly as possible and as inexpensively as we can.

The big question is, if you have an extremely limited budget, how can you build an online business? The old saying “it takes money to make money” is somewhat true.  So, especially in these tough economic times how can we maximize the effectiveness of our expenditure? Fortunately, there are lots of success stories out there.

Russell Brunson of dotcomsecrets.com tells his story of turning $20 into a multi-million dollar enterprise in just a few years. Russell recently started a contest whereby he is teaching contestants how he accomplished this feat by giving a free course. If you have not signed up, you can do so by clicking here. He is even helping your earn your first dollar online by giving you a dollar for everyone you refer to the sight (up to $100,000). As a relatively newcomer to the online business world, I can tell you that what he teaches makes a lot of sense and put into action will work. Part of the success in this contest is that you have to complete homework assignments. This forces you to actually DO something instead of thinking about it. I have been amazed at the progress I have made in just a few weeks. It’s not too late to get started so give it a try!

Mike Dillard is another successful online marketer. I have purchased some of his stuff and it is really top notch also. One of Mike’s products is even called “Building on a budget“. This course is full of ideas on how to generate traffic and sales in whatever business that you have. Mike has included a set of 5 videos you can get for free just by clicking on the link. “Building on a budget” can get you started on the right track by showing you the ropes on what to spend your money on and what to avoid. Excellent information (and it’s inexpensive). At least why not get the free videos, the information is priceless.

If, like me, you have a network marketing business, definitely try out Betternetworker. This site has a HUGE number of articles and online helpful hints to help you build your business. There are tons of people that will help answer your questions. Spam is not allowed there so don’t let “Karl the Cop” catch you trying that.  Betternetworker is a place to meet others and network with them in a noncompetitive place. It’s kind of like the Facebook of networker marketers. You can network there just as you can on Facebook or MySpace. Social Marketing for the networker.

So, is it possible to build an online business for nothing? absolutely not. At the very least you must have internet access and a computer. Beyond that, it is possible to get the training you need inexpensively or free. It’s also possible, if you know where to go and what to do, to generate traffic to your website and or blog. We don’t have to have all the bells and whistles and a huge budget to get a huge website up. It’s a lot of work and there is a learning curve, but the internet is making it possible to make a substantial income online while starting out on a shoestring.

It’s the American Dream – Rekindled! Anyone, with the determination to learn and do (this is the key) can be successful online!

Please leave me some comments! (Trackbacks and pings are appreciated also!)

Michael

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