- You are in control of your budget and how much you spend
- Most expenses are OPTIONAL for the Plug-In Profit Site apart from your hosting and your domain name.
- There are plenty of very effective FREE ways to promote your website so you do not need to pay for expensive advertising
With that in mind here are some ways that you can reduce your Plug-In Profit Site expenses:
1) If there are certain programs that you are not making money from, consider temporarily dropping these programs to save on your monthly fees. You can easily sign up for these in the future when you are getting regularl Plug-In Profit Site signups.
2) If you are trying a form of paid advertising, try it for the minimum amount of time possible. E.g. if the advertising has a monthly, quarterly or yearly option, choose the monthly one. Check your results after one month and if it doesn't work, drop it! Don't blindly sign up for something for a year if you have never tried it before. Many people have made this mistake with the PIPS co-op - signed up for a whole year, discovered after a month that it is not an effective way to get signups and been unable to get a refund.
3) Set a monthly advertising budget and stick to it. Whether you have a zero advertising budget or a $100 budget, make sure you stick to it. Decide what you can afford on a monthly basis and only increase that if your situation changes (e.g. when you start making a profit or you have more money available to invest in your business).
4) Remember business expenses are tax deductable. This will vary from country to country, but usually anything that you spend on your business is tax deductable. Speak to your accountant to find our more about this.
5) Become an expert in Free Advertising Methods. There are so many effective free methods of advertising. Article Marketing, Blogging, SEO, Free Classifieds, Press releases, forum marketing, directory submission, social marketing and more. Become an expert in one or two of these free methods. Learn as much as possible about them, take action and make them work for you.
6) Consider changing to a less expensive web host. Host4Profit is expensive at $25 per month. If you have been with Host4Profit for at least 3 months, you can change hosts and still promote the Host4Profit affiliate program. My #1 recommended host is Hostgator - they charge less than $10 a month for hosting for unlimited disk space, bandwidth and domain names. Sign up with Hostgator and if you are a new customer they will also transfer your site over for free. At the time of writing they also have a 20% off coupon code "AUTUMN"7) Consider mentoring. A mentor who has been there and done it before you can be very effective at making your business successful and helping you to save money. Mentoring does cost money, but it can save you time and help you get into profit a lot more quickly. The PIPS Power Group specialize in helping members to suceed with the Plug-In Profit Site.
Do you have any tips for reducing your Plug-In Profit Site expenses? If so, why not post them below.
Or read more about running your Plug-In Profit Site on a budget.





.gif)

comments
2 Responses to "7 Ways to Reduce Your Plug-In Profit Site Expenses"Hi Suzanne,
Thank you for a great post on the PIPS opportunity. Many new starters get so blinded by the 30 days training that they have spent their budget before they have made a single dollar.
They would do well to read this first as you have given some great advice on the most cost effective way to start which will help to reduce the drop out rate,
thanks for sharing your thoughts,
Mal.
Hi Suzanne,
These points are very valid for a person who is starting a Plug-In Profit site . I have a PIPS site for almost 4 months and I am still trying to figure it out how to make it profitable. Your points provide a practical and pragmatic solution to the newcomer who is overwhelmed and confused by so many options that he is not able to figure it out what works best. Thanks,SN
Post a Comment
I'd love to hear from you! Please leave your comments or questions below and I'll reply to any questions as soon as possible.