If you are starting out an online business, you have probably heard that you need money to make money. While this may be true in most other types of businesses, in the online world you can get started for little or no money at all. There are many opportunities for you to take advantage of and once your business grows, you will be able to reinvest the profits that you have made.

What you will need to begin will usually be limited to a web site and advertising. Today, web hosting has gotten very cheap. In fact, it is possible to get a website up for $5 a month of less, without needing to pay in advance for a period of time. Two webhosts who provide both affordable and reliable web hosting services are GoDaddy and Hostgator. They also have inexpensive domain registration which usually costs around $8 for a .com domain. In order to save even more, you can Google “hostgator coupon” or “godaddy coupon” to see if you can find any coupon codes that could further reduce the cost of getting a website or domain name.

There are also free web hosting providers, such as ByetHost, which provide you with a basic web hosting package for free without showing any banners or popup ads on your site. You can find them by simply googling “bannerless web host.” Note that although the service will be free, there are no guarantees of reliability.

There are many places where you can advertise your own products or affiliate products without having to pay anything. You can make use of techniques that do not require you to use paid advertising services in order to get some traffic to your site. Some examples include uploading videos to video sharing sites like YouTube, writing articles and submitting them to various article directories like Ezinearticles and GoArticles, and posting on free classifieds sites such as Craigslist and Gumtree.

Even many PPC advertising services can be used for free if you know how to do it. For example, Google Adwords, Facebook Ads, Miva, Adcenter and many other advertising providers often provide coupon codes that can get you anywhere from $25 to $150 or more in ad credit when you open up a new account. Those coupons are often given when you sign up with a web hosting services and can also be found posted on certain websites as well. It is also possible to buy many of these coupons on internet marketing forums such as Digital Point. That way, you can get a lot of traffic and test out campaigns and various strategies without you having to spend a dime on advertising.

Remember, in the online world there are always plenty of opportunities to earn some cash without having to put up a significant amount of your own money. All you have to do is use some creativity and you are bound to have success.

Youtube has recently stated that they now receive 1 billion views aday from people all around the world watching videos.  Since they are now owned by Google they are offering a partnership program called Google adsense that allows you to make money from advertising from viewers watching your videos.

If you have a youtube account that has 1000′s of viewers youtube will invite you to join their Google adsense partnership program that will allow you to place Google adverts on the right hand side of your videos and also text ads at the bottom of your videos.  If a viewer clicks on those adverts you instantly earn a commission.  You can earn anything upto $5 a click depending on what the adverts are.

To get started you will first need to setup a youtube account and start making and uploading videos regulary then once you have a certain amount of viewers watching your videos (around 100,000), Youtube will then invite you via email to join their partnership program.  They will ask you to join Google adsense and then adverts will automatically appear on your videos and on your youtube channel.

If you also have a website or a blog it is a very good idea to place your website url in the description as this is a great way to drive traffic to your website and also helps with SEO for your search engine rankings.

The best way to get loads of views and star ratings on your youtube videos is to get as much traffic to your channel as possible.  Some ways to do that are:

1.) Embed your youtube videos into blogs, forums, as many websites related to your video audience as possible

2.) Submit your videos to social networking sites – twitter, digg, facebook, myspace, bebo, etc..

3.) Email all your friends and family to view and rate your video