For those that are looking to create a website, the first obstacle that they might encounter involves the finances of it all. How on earth do you fund a website if 1) you have left your job or have not got enough already to fund the website in your bank and 2) want to put as much time into it as possible but simply do not have the finances to do so? It’s a ‘catch-22’ situation for some people. However, fear not my friend. Getting the neccessary amount of money to fund a website, in some ways, has never been easier. After starting several websites, here is my secret to how I funded starting up new websites and maintaining them: all by myself.

#1 Matched Betting

In layman terms, matched betting is something anyone can do and involves betting for and against a sporting outcome so that, at the end of it, you don’t win but you do not lose (since you bet against both outcomes). Bookmakers tend to offer promotions, free bets and more when you bet with them so from doing this, you will have gained a free bet which you can ‘match bet’ again to profit from. It is completely legal and tax-free.

Although I am not sure of the matched betting services around the world, if you are from or based in the UK, then matched betting is something that can definately make you plenty of money to fund a new website. If you wanted to give matched betting a go (for which I can vouch you will not regret at all), you can do so by signing up for free with a well respected website that offers everything you need to start and continue matched betting: OddsMonkey.

#2 Reinvest, Reinvest, Reinvest

In general, the start up cost is the biggest problem when starting a website. However, for a year or two, you may find that your website does not actually make a profit (due to long term SEO etc.). For this reason, the best thing you can do to minimise the financial burden of a website debt is to reinvest everything into getting your website up to speed. This is because the more you reinvest into a website, the quicker it will grow and, in some situations, the shorter the time it takes to break even.

#3 Create a ‘Slow Burner’

The great thing about websites it that they can have as little or as much time put into them as you want. For many that want to create a website, they will want to get things running as soon as possible. However, if you cannot undertake matched betting and don’t want to reinvest, then you could take a laid back approach to starting a website by simply taking things slow. The rate at which you want to progress your website at can be reduced, in line with your finances and time. This is not a bad strategy to take when starting a website. However, it should be noted that the breakeven point for your website might be quite a bit longer.