Working Online: Setting Your Monthly Budget

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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

  1. 1. 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 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. 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. 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. 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

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