Are you wondering how to become rich with no money? Is it even possible in the first place?
Well, the short answer is yes. In fact, your life can change totally by next year if you are willing to work hard and smart.
But first, how rich do you want to be? A millionaire? Or someone who is making at least 5 figures per month?
For this article, we will focus on how you can make 5 figure per month starting from no money. This makes more sense. If your ultimate goal is to become a millionaire, you can always aim for it once you hit the 5 figure per month mark.
(Note: Even though we are talking about ‘No Money’, in this article, I am going to assume that you have at least $30/month to invest in your business. This is a business after all and if you can’t even spare $30/month now, a business is probably not suitable for you right now.)
So, let’s continue. How to become rich with no money?
Well, I will start an online business as an affiliate marketer. The earning potential of an affiliate marketer is extremely high, if you seriously plunge yourself into this business.
An affiliate marketer is someone who sell other people’s product for a commission. Since I do not have money to create my own product, this is the path that I will take.
Affiliate marketing can be quite lucrative because of the high commission. Some products can pay you up to 75% commission. So, if you sell a $40 eBook for 50% commission, you will be making $20 per sale. All you need is 5 sales to make $100/day.
The truth is, if you know how to make $100/day, you can alway scale up your business. $10 000/month is equivalent to $333/day. So, all you need to do is to repeat the process that gets you $100/day and you will be earning $333/day eventually.
To build a successful business, you will need 3 thing.
a) A domain name which cost $9 per year or less.
b) A hosting account which cost around $9/month depending on which hosting company you choose.
c) An autoresponder account which cost around $19/month depending on which autoresponder company you choose.
That work out to be approximately $30 per month.
The good news is, for your first month, you only need about $10 for the domain name if you choose HostGator for your hosting account and Aweber for your autoresponder account.
If you search around the Internet, you can find coupon codes for HostGator that allows you to try their service for $0.01 in the first month, depending on which hosting plan you choose. Yes, you heard it right. Only 1 cent for the first month.
Aweber automatically offer a $1 trial for your first month with them.
If you want to become rich, you need to get started. Affiliate marketing is one of the few ways where you can become rich with little or no money. But there is a catch here. It will only happen if you treat it like a serious business.
Yes, you do need to put in a lot of hard work. Don’t expect money to fall from the sky. It will never happen. But if you work hard and smart in affiliate marketing, your life can change by this time next year.