Open Mic Monday: Spend Money to Make Money

by Shai Coggins on July 9, 2007

in Open Mic for Online Money

Open Mic Mondays at JMMO

Some people believe that in order to make money, one must spend money. I believe this to a point.

One great thing about establishing a money making venture on the web is that we can actually minimise our working capital. Back when I was doing eBay, for example, my seller’s fees often were just between US$20-100, even if I was making $300-1000 a month. To make money off websites or weblogs, my main costs were only domain names and server fees (approximately $100-150/a year per site, or less).

What about you? What do you spend on to make money online? Do you pay for your own domain? Your own web host? Do you have a merchant account? Do you pay affiliates?

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{ 4 comments… read them below or add one }

1 kala bharath 07.09.07 at 4:13 pm

Good post worth considering

2 Alfa 07.09.07 at 6:26 pm

I do pay for hosting and domain names. I also outsource web content writing, so I pay writers for me to earn some commission.

3 jane 07.20.07 at 5:57 pm

Well this page seems to be interesting:
how-to-make-money-online

4 Surya 11.25.07 at 9:36 am

Do i have to make some advertisement to promote my site? I think the cheapest price still on having a comment to other friends blog.

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