Archive for June, 2008:
How much does it cost to start an online business?
Nowadays people tend to google jobs that can turn money fast. Internet seems the famous place to be for this fast money seekers. Many people says that E-Business is a cheap business. Is it true?
Okay let make one case study : A Grocery Store Vs. An Online Bookstore.
Cost of opening a A Grocery Store:
1) Registering for a Company : as low as RM80.00
2) Rent a shop houses / lot : as low as RM1000 per month
3) Startup Capital for fill up entire store with daily groceries : as low as RM10,000.
I list down only important cost occur, If we want to detail it then it might have utility cost such as cost for printing your paper work, bills (telephone, electricity, etc..) and labour cost. So overall cost for setting up a grocery store can go as low as RM10,000 to 15,000. A bigger store more likely more cost will involve.
Lets take a look at opening An Online Bookstore.
1) Registering for a domain name : as low as RM30.00
2) Getting a web hosting provider : as low as RM100
Drop shipping For Internet Business
Drop ship is the choice for E-commerce start-up. When finding the suitable solution for product that I want to sell in ebay or my custom made e-commerce shop, I found out about the drop ship terms.
Many of us are unclear about the drop shipping concept. We usually understand about retail and wholesale business. Drop ship is still a business that need a product to sell but the main key to drop ship is the inventory. With drop shipping, the retailer does not keep a large inventory on the premises.Drop shipping is very beneficial to smaller retail shops, internet-only storefronts and those who primarily use catalogs for sales. Customers of these outlets don’t always expect to walk out with their purchases, so a slight delay between ordering and drop shipping is not a drawback.
