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
3) Get a broadband Itnternet : as low as RM99 per month.
4) Pay some one to build you website : as low as RM1000
That makes starting a web based home business around RM1300 to 1500. If you are an IT expert or kind of guy who like to explore anything by yourself than you might skip cost number 4. You just build the store interface by yourself and that makes the cost not even near RM500.00.
I am not saying that Online business is a better choice, but actually if some one already own a physical business, than the person got more advantage. The person just need to go online! Some one who never own a business but want to sell online may have some difficulties to start. Furthermore existing business owner is more serious in making money because its what they do for a living. On other hand, many online marketers just doing it part time or just following the trend.
But this also does not mean online business cannot make serious money. Yes it can, but we must get serious also. For beginner there are many option to tryout for playing safe. Get our feed into the water first before jumping into the pool. The option also as easy as it look and many of the are completely free!. Imagine you can have your own web store fill with book with no fees and fuss. Just register to be an Amazon associates and opt for Amazon a-store. Others that we will look into it later are:
-ebay, affiliate commsion, turnkey website, google advertising and dropshipping.
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October 21st, 2008 at 12:43 pm
I am seaching for some idea to write in my blog… somehow come to your blog. best of luck. Eugene