Ways To Save Money To Start Your Online Business

Today’s post is extremely important.  How do I know that?  Because hundreds of you told me that simply not having enough money to start a business online was a huge problem.

So today I am going to show you a solution that you can use and put into practice today.

First you need to determine how much you need to start your business and then have a little bit extra aside.

So if you wanted to start an affiliate marketing business like I teach in Niche 60 you’re going to need about $20.00 to start and about $10.00/month to keep it running.  Anything else you spend on it is strictly optional.

The Cost Breakdown

In the first month you’ll need to buy a domain: about $10.00/year & hosting about $10.00/month for hosting.

So for 1 year of business you’ll want to have about $130.00  Which can be paid monthly.

You’ll also want to budget in the cost of a good program.  Many online programs will cost you a high monthly fee.  However, Niche 60 is right now just $99.  But, you’ll want to budget that in.  So to run your first year in business might cost you around $230.00 total if you end up buying training (recommended).

Now obviously I do not know your situation, but, most people can afford this.  If you think you cannot I am going to show you why you really probably can in just a moment.  Again, do not be offended if you really can’t, I know some people live on a every tight budget and it is more difficult.  But, many of us waste in excess without knowing.

Now If You Think You Can’t Afford It – Let’s Look At A Few Statistics…

Note: All info will be U.S.A based because I couldn’t find world-wide statistics for this.

Expenses That Add Up

  • Average American Spent Per Year On Coffee Out: $1100 [1]
  • Average American Spent On Entertainment Out: Nearly $2500 [2]
  • Average American Spends On Cable/Satellite TV Yearly: $1189 [3]
  • And A Note: The Average American Spends Almost As Much Going Out To Eat As At The Grocery Store! [4]

Yikes! Those numbers are truly scary.  I am not even going into some of the bigger issues such as student loan debt, credit card debt, cigarette/alcohol expenses and issues of that magnitude.  These are just simple controllable expenditures.

Also this list is not meant to condemn you if you’re wasting a fortune.  It’s just to show you that with a little bit of savings, building that online business is actually really attainable.

Save A Fortune With These Tips

Seriously.  From 1 tip alone you can honestly create your business.  Let’s get started.

Save On Coffee

Now I am a huge coffee drinker; I honestly love the stuff.  I am not a coffee snob by any means but I do like a decent cup of coffee several times per day.  But what I found staggering was the fact that the average American spends about $1100/year buying coffee out at coffee shops.

So here are some stats that will blow your mind.  Let’s say you like a decent cup of coffee ( I am going to assume you’re not buying the typical run-of-the-mill grocery store coffee.  So I upped the prices in the example below.

Here Is What You Can Buy Good Coffee For

  • 8 oz. bag = 42 cups $4.40 (.11/cup) Above Average Blend
  • 12 oz bag = 62 cups $10.00 bag (.16/cup) Premium Blend

These are rough estimates for decent blends.  Obviously, depending on the brand it can vary.

Now even if you drink 6 cups per day of a premium blend that’s only going to cost you .96/day or $350.00/year.  That’s a savings of 749.00 over the averages shown above.  That alone is enough to build a business on.

Also ditch the K-Cups!  Paying .50-$1.00 for watered down coffee is a waste in my opinion and it’s not going to save you any cash as opposed to getting coffee out.  Plus, as a coffee drinker I can honestly say that I do not like them.  Just my own personal opinion.

But, if you work a job currently you might be wondering how to get your mid afternoon coffee if you’re not buying it out?  Simple.  Buy a nice stainless steel thermos that keeps your coffee hot for 8+ hours.  I know it’s not as good in a thermos 8 hours from making it but it’s actually probably still better than most run-of-the-mill coffee shops.  Plus, it saves you a ton of money.

Final Coffee Drinker Pro-Tip

Only brew what you’ll drink.  I think coffee is an easy thing to waste because we often do not think about what we’ve paid for it.  So if you’re going to drink 2-4 cups then only put that amount on.  If you decide to have more later then you can process another exact amount.

Entertainment Savings

I’m not going to lecture you on having fun.  I am an introvert so what some of you may find fun, I may not.  So I tend to find myself spending less money on outside entertainment anyway.  But, I do find myself enjoying time with my family and friends still.

However, with all of the things we have nowadays it’s still easy to spend a fortune on in-home entertainment if you’re not careful.

So I have a few tips to share.

If you have a family wife/husband/kids try to find fun things you can do that you all have in common and aren’t that expensive.  I think as a society we’ve gotten away from some of the basic, simple forms of entertainment.

Here are a few really great inexpensive things to do.

  • Playing sports together
  • Playing video games together
  • Playing board games together
  • Playing cards/darts/
  • Hiking/outdoors stuff/campfire
  • Cooking together – This makes dinner creation easy as well

These things can all be fun and won’t cost you much.  Plus some things you only need to buy once and you’re set.  Again, I’m not trying to get preachy here but instead offer simple helpful advice.

Saving On Cable and Satellite

18,000 channels and not a good thing on, right?  We’ve all been there.  So, change it.

Now it’s easy to cut your cable bill.  I.e. you could get a few services like Netflix, Amazon Instant Video (prime account), Hulu and not to mention the recently opened Youtube Red and still spend a fraction of that monthly cable or satellite bill.

Now, I’m not saying you should do that but I am saying that you could.

Honestly, in the past year I’ve taken up reading even more and barely watch T.V.  The amount of knowledge I’ve gained far outweighs the slight stimulation that I got from watching T.V. programs.

Now if you still enjoy T.V. shows consider keeping the lower tiered packages to keep them while spending less or, again, switching to something like Hulu.

Hey, plus if you want to take up reading I have some great insight on that.

Interesting Take On Reading

Reading on subjects that are interesting to you will make you more knowledgeable on that subject.  This is especially great news if you’re studying a niche you’re looking to start a business in.

The more you read on a subject, the more likely you are to master that subject eventually.  Yes, practice is key but reading and gaining more knowledge sure helps.

If you can’t sleep at night, reading will help relax you.  Don’t read on your Kindle though, it won’t.  Go the old fashioned book route.

Reading allows you to access more of the creative side of your brain than watching T.V.  With reading you’re forced to visualize things that the author mentions.  Now, I haven’t personally researched this but I can tell you that if I read for a couple of hours I also tend to be more creative in my processes thereafter.  This is a huge benefit in business.

The Average American Spends Almost As Much Going Out To Eat As At The Grocery Store

That statistic sounds insane to me.  But, I like to cook.  You can make a a steak that taste better than most restaurants at home for a fraction of the cost and make it taste better.  Seriously.

Go price that New York Strip in your local market versus the price of a New York Strip on a menu in a decent place.

Learn to cook at home and learn to make things you love.  You’re going to save a lot of money and ultimately you’ll be happier. If you feel like you don’t have time to cook read my article about saving time when you’re busy.  This should open up enough time to squeeze in some cooking and work on your business.

I want to touch on another subject quickly.  Not only will you spend an enormous amount of money eating out it’s also typically not as healthy.  Restaurants tend to over-salt and over-sugar foods.  They obviously do this to enhance taste but the fact is food doesn’t need a ton of salt/sugar to taste great.

I know this site isn’t the best place for health advice but it’s just an added benefit of cooking for yourself.

Saving That Cash

The above examples were just a few small tweaks that could make a big difference in your life.  Of course, there are hundreds of other ways to save and with a few simple searches on the Internet you can find them.

I want to close by saying that by making some small changes you’ll realize that you have more money for a business than you ever did.  This makes spending a few hundred bucks on your business easier.  Plus, this is your own business that you can build for you and your family for years to come.

Finally, my parting words for this post:  It’s not what you make, it’s what you spend.  Remember that.

How are you saving?  Do you have any additional tips?  Do you have anything you’re doing right now that is making a huge difference? Going to use some of these tips? Share below.

Also, it would make me extremely happy if you’d share this post on social media with your friends and family.  It also makes you extra awesome in my book.

[1] http://consumerist.com/2012/01/20/most-american-workers-spend-more-than-1000year-on-coffee/
[2] http://www.bls.gov/opub/btn/volume-4/movies-music-sports-entertainment-spending.htm
[3] http://www.investors.com/news/technology/click/rising-pay-tv-bills-linked-to-cord-cutting/
[4] http://www.bloomberg.com/news/articles/2015-04-14/americans-spending-on-dining-out-just-overtook-grocery-sales-for-the-first-time-ever
Michael Brown

I'm Michael S. Brown, Internet Marketer, husband and father. I have been successful in business and marketing since 1998. In 2007 I took to the internet marketing world and have never looked back. I love teaching people the knowledge that I have acquired and the ultimate boost to my ego is to see everyone I teach succeed in business. My goal is to make everyone who comes into contact with me as successful or even more successful than myself.

Click Here to Leave a Comment Below 16 comments
Owen - February 25, 2016

Have noticed big savings with buying good craft coffee and brewing at home. Also eating almost all meals at home now too with the exception of the occasional Chipotle and Panera!

Love the quote “it’s not what you make, it’s what you spend” kinda makes you take a step back… nice article.

John Mann - February 25, 2016

I too think the quote “it’s not what you make, it’s what you spend” is awesome. It really got me thinking about ways I could cut my everyday expenses. Thanks for a great article!

Michael Brown - February 25, 2016


Yea craft coffee has a very unique look and feel and taste great as well. Though you pay premium prices it’s still far cheaper than buying out for sure.

Thanks for the share and the visit!

Frank - February 25, 2016

So true! It all adds up so quickly. Even if you can find a way to cut the coffee, entertainment, and cable bills in half, that would put $2300 per year back in the wallet. Good insight.

Donald Cruz - February 25, 2016

Michael – Great insights and great practical advice. I know I could save a ton of money. I have always have said (and I tell my kids)you can tell a lot about a person by their schedule and their checkbook … remember those. Topic is always a good reminder. -D

Michael Brown - February 25, 2016

Thanks John 🙂 Always appreciate you coming back to the site.

Michael Brown - February 25, 2016

Thanks Frank 🙂 Welcome to the site and I appreciate the insight you’ve offered. Agreed, it all adds up.

Michael Brown - February 26, 2016

Thanks Donald. By the way if that is your real name, that is awesome. A little mix of current presidential candidates… haha

I agree on the checkbook/person. Being smart with your money goes a long way to growing your business.

Mark Fedorchuk - February 26, 2016

Great article Michael!
Totally agree on the cooking thing. I love to cook and we do it quite a bit.

Saving and managing funds to start your own business is a state of mind. How bad do you want it and what are you willing to do to get it.

Regarding the cost to get started:

The one time fee of $99 for Niche60 is a no brainer! There isn’t a better value on the internet and you have it for life.

That leaves about $130 for a domain and hosting spread out over a year (about $11/mo), but that could also be much less.

With hard work, dedication, and following the course step by step, over the course of a year, there’s a good chance you will, at minimum, be paying for your monthly hosting and yearly domain name renewal.
Works for me 🙂

Thank you for all the information you provide to help us succeed.


Michael Brown - February 26, 2016

Thanks for the kind words Mark 🙂

I agree on it all comes down to “how bad you want it and are willing to work.” That is critical to success and even will power to want to generate the money to build.

Kevin Riley - February 26, 2016

How to save money when starting an online business: DO NOT buy a crapload of courses. Buy one, like Niche60, and stick with it.

I was talking at a gig in London a few years ago, and met a guy who hads spent over £20,000 (about $35,000) on courses, etc. and still was going nowhere. I was shocked. Had he stuck to one, he would have already built a good business.

Start with the basics. Add the über tactics, etc. later – once your busiuness is already making you money.

Michael Brown - February 26, 2016


Good plan on the courses. I was actually chatting with someone who did the same thing recently. $8,000+ on a course that was the same think you can get for $99-$197

It’s all hype.

Yea, had he stuck to 1 and simply invested some of that cash into it it would have been amazing.

Like the idea of sticking with something too. Too many folks jump from idea to idea and never buckle down.

As always, great insight from you.

lpt - February 28, 2016

Thank you Mark.All attainable. I want to learn new habits
and be better at managing money. I have been searching for
how to build a business and learn new skills at the same
time. I will give it a try.
And Mark F.Thank you for the advice.

kathryn primer - February 29, 2016

i’m not hesitating because of the $ exactly. i just got my first computer and it’s way over my grade level. i want to get niche 60 because i do want some $ and my brain seems to think this would be interesting. i am a huge book reader and the idea of research you mentioned sounds good. i’m not into movies, brew my own coffee and don’t trust eating out. i live in a rural ares where sysco trucks deliver to all. i am joining you, michael, soon but i don’t want too much time to go by renting sites and stuff before i’ve mastered this hp. thanks you are very believable.

Michael Brown - February 29, 2016


Thanks for coming here and commenting. The fact you are big into reading can be a great niche as well especially if you read a lot. You can create book reviews, give your opinion and promote them for an income.

Just a quick idea. 🙂

It sounds like you are also on the right track to savings. I am glad you like the advice and I look forward to you joining us and following the path that you want to go.

Mark Fedorchuk - March 2, 2016

Ipt, I knew nothing when started with Michael’s course a few years ago. Today, if you decide to join Niche60, I’ll be one of the people that will be answering any questions you’re going to have as you go through the course 🙂



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