Make Money Online

Costs include of costs of:

• building, maintaining & administering site
• hosting site
• obtaining any products sold
• marketing

Costs include TIME - since time carries an opportunity cost.

Profit maximization does not come from absolute minimization of costs, but from maximizing cost-effectiveness. Every cost incurred must increase revenue by a greater amount.

But Internet success requires a degree of experimentation. If we do not try a cost we cannot know if it is worthwhile. Try to make informed guesses and initially spend only what is necessary to judge the value of the expense.