"$200 to start marketing a product"
Hi,
It's not really clear if you own the product, or you're affiliate marketing.
In terms of budget, I'd probably shoot for $500-1000 to have some buffer, else things will be pretty tight.
If you're completely new to IM, you'll inevitably fall a few times along the way.
I used to develop, launch and manage some of Asia's largest content portals back in 1997, and when I started doing PPC recently, I got creamed as easily as any new PPC affiliate.
The biggest thing about Internet Marketing is that you need to do a lot of test and tracking to work towards consistency in your campaigns.
You could theoretically start out with $0.
Using a blogger blog, submitting articles, using one of those free autoresponders, or in the worst case, setting up a mail group in outlook, and manually managing subscribers.
It's pretty horrible leverage for your time though.
-
Like Stephen said, I think having your own domain, webhost, autoresponder are essentials.
You might want to invest in a membership site or books to boost your knowledge, and read lots of forums and blogs to keep up with what's happening now.
All that would probably set you back about $500.
Your biggest expense however will likely be time and you can probably expect to spend a couple of hundred hours getting used to the mechanics of the aff mktg field.
The singlemost important factor in determining your success is to stay focused.
I coach a number of new internet marketers and the biggest factor why they fail is cos they switch from affiliate marketing, to ebay, to adsense publishing, to domaineering, to site development, to product creation, then they repeat the whole cycle again. With that many switches you never quite build much momentum and a number of them erroneously proclaim that Internet Marketing "doesn't work".
Oh well...
__________________
WhoIsAndrewWee.com
Rated #10 Conversion Rater's Web Revenue Blogs (Apr 07)
Content syndicated on WebProNews, IM Newswatch, BumpZEE Affiliate Community and the 9Rules Blog Network
|