Are you undecided if you should open up a conventional brick and mortar business or an online business? Well I am going to tell information about both of them and let you make the choice.
When you start a brick and mortar business you have to start out in debt. You are going to have to take out a loan that is between $100,000 and $500,000. So you are going to have to have at least $50,000 to put down for the down payment. There are tons of cost like store front leases, labor, inventory taxes, possibly Insurance for your employees, the list can go on and on. We figured it out to be around $4,000-$10,000 a month easily.
Plus we are not figuring out the time that you have to put in. Most brick and mortar business owners put in at least 12-16 hours a day. So after all is said and done with you paying back the loan and paying out monthly bills you might make $50,000 to $70,000 a year.
Figure out how much you are making an hour? Well at least under estimate it and say you are working 10 hours on average a day 7 days a week at least for the first 2 years ( big under estimation) It comes out to be around $20 a hour and remember it is probably more like $15 an hour after all that is said and done.
Now lets talk about starting an online business. There are many online businesses you can get yourself into but I will say if you want the most efficient one go with affiliate marketing. This business gives you the most free time and pays you great money for not really doing that much. You do not have inventory, pay rent, pay employees, pay property taxes, etc.
Top affiliates make between $10,000 a month and $50,000 a month. Some have even made it to the millions so you have to think about it there is really no cap on this. There is a couple of start up costs but it comes out to be pennies compared to a brick and mortar. You might have to pay for web site hosting and a domain if you are going to go that route. I suggest you get a couple of e-books on affiliate marketing which might cost you $200-$500.
Then you have to pay for advertising which can cost you some money. But if you read this book that I tell you at the end of my article for every $1 you put in you can make $3 to $30 back. So I advise you to read this it will only help and if you are not satisfied within 60 days you can get your money back.
Now lets go back and see which one is better. If you start a brick and mortar you probably will have no time and not make money for the first 3 years because you will be paying off your debt. The online affiliate business you will probably have to spend at most $1000 with everything including advertising. So that means you will have to make roughly around 25 sales to make your money back and start making a profit.
Well if I lets put it this way my friend is has his own restaurant and I have my own affiliate business. I make $200,000 a year and only work 3 hours a day 5 days a week. He makes around $150,000 after everything and he is working 14 hours a day on average. I get to spend time with my wife and kids and he is having family problems because he is never there. He still does not believe me and think that I got lucky doing what I am doing but it was not luck I just read and applied.
It is so simple a child can do it. Well I hope you are not stubborn and you listen. It changed my life for the better and I hope it will do the same for you.
Author Resource:-
Melissa Finney is an established online marketer who has learned many tips and techniques about online marketing that have made her very successful and she wants to teach you what she knows. For more information please go to http://www.thesecret2onlinemoney.com.
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