0105 – Starting a Business for Under $20 a Month

Amazingly, that’s all you’re going to pay to start your new online business. A domain name is about $15 per year and hiring a hosting service is under $20 per month. The remainder of tasks for your new business can be done by you – unless you choose to outsource some of the work (such as writing content).

More retirees are choosing to supplement their retirement incomes with an online business rather than enduring the astronomical costs of an offline business. The cost is low and they can set their own hours and be their own boss.

All you need are a computer and an Internet connection and some knowledge of both and you’re ready to go. There are so many types of online business which utilize the skills and experiences that seniors likely have that it can be fairly easy to find a niche that will be profitable and even fun and rewarding.

Most of the technical knowledge that seniors may not be familiar with can be outsourced for very little money – or enlist the help of children and grandchildren to help you out. Unlike a traditional offline business, the requirements of an online business are as simple as having an idea and developing a blog and website.

More than anything else, starting an online business requires discipline. If you’re used to working for a boss, you may find it difficult to set your own hours and work at your own pace – but with patience and fortitude, you can make it work.

You also have to remember that there is a lot of competition in online businesses. Your consumers will be looking for quality and value and your job is to convince them that your product is what they need.

That can be accomplished with research of your niche and offering the highest quality product you can possible provide. Never cut corners when it comes to quality and always take the high road when it comes to your customers.

Keep upgrading and updating your website and blog as you can afford it. Spending a bit more money to polish your website and create interesting content will drive traffic to your site and the result will be more sales and profit.