What Is The Cost To Start An Online Business?

Starting an online business is all about one major commodity, It's all a function of that extremely precious commodity called time.

When the alternator in your car quits, you probably may be able to fix it yourself or else you have to call a mechanic.

Working the Web is no different in this regard. Doing it yourself saves bucks, but may not be cost-effective. And it can be a serious mistake if you lack the required skills.

If you want your site to become a significant source of income, judicious use of time is mandatory.
For sure, No one person can do it all. And what you mostly need but don't usually have time to do, will cost you some money if you still have to do it.

Going Into Business
If you are starting a new business, you must file a DBA (Doing Business As statement) or the equivalent in the county or state in which you will work. After filing, it may need to be published. 

Then you need to open a bank account, this is very important. Costs vary from state to state or place to place. In some parts of the U.S.A. for example, the minimum is about $50 for the DBA and $10/month for the bank account.
 Also consider any state or local licenses required. If you need an accountant, costs go up. 

Turn to an attorney, and they may skyrocket. But you may need to consider these options because of the products or services you will market, just as in an offline business.
You may need to consider liability insurance. Incorporation may provide even more protection.

HTML vs Web Page Editors
You must understand the basics of HTML, the language in which web pages are written. There is a time cost here. But at some point, most will find it more effective to turn to a web page editor to save time. Costs range from about $20 to $200. 

 Building Your Site

Hiring someone to put a site together can cost hundreds of dollars. More important, you may find making changes later brings significant added cost. It is best to build your own pages, for then you have total control.
But the template used throughout the site is so critical to success, you may consider hiring an artist to get it right. Not the site, just the basic art work for the page template. 

Once the site is established, it can be very cost-effective to hire out the creation of new pages and updating.
A good page template with original art work can run anywhere from $15 on up, but $100 should cover even special needs.

Free vs Paid Hosting Services

There is only one option. You must have your own domain name about ($7 - 15/yr) and a good hosting service.
Note forms or shopping carts only take the orders. You will need a merchant account to deal with credit cards.
Set up fees run from about $300 on up.
Monthly fees run from $25 and up. If you need online processing, add similar amounts.
 
Opening An Office
While getting started, you will likely keep your present job, and it may make sense to work from your home.
 Even so, you still need an "office," including stationery, invoices, business cards, and possibly brochures to be handed out wherever you happen to be. 

Costs here are the same as in an offline business, and will be a function of your needs.

Then there are other things, such as supplies, Laptop and computers, Printers chew up enormous gobs of paper. 

   A Phone Is A Must

An email address is not just enough. You need a phone and someone to answer it. Preferably a Toll free number. Even if you expect to receive few calls, this is a must.
 People often call just to see if you're for real. If there's no phone, you might have lost a sale. Some argue that voice mail is a reasonable alternative, but it will not help if you can not get back quickly. 

If you have a spouse who can answer, go for it. If not, find someone in your area who can take calls as your secretary. If you provide up-to-date information about your business, your "secretary" can often save you the need for a later reply.
 Further, there is simply no less expensive way to appear to be working the business full time.
The above is not the whole of it. For example, there has been no mention of search engines, yet good positioning can make a big difference.

 Again, if you know how to optimize pages and can do so easily, it is worth your time to do so. If not, hire it out.
Writing skills are very important. If yours aren't so hot, factor in some cost for editing, or even creating both page content and the advertising message behind all. Good service is available at $15-$50/hour.

You must add up these costs relative to your particular needs. But it is unlikely you can start a serious online business for less than $200, even if you do all the work yourself.

Time Cost Analysis

Starting any business means commitments in time you can not expect to recover except over the long run. So good cost analysis is difficult initially.

 Even so, put a dollar value on your time, perhaps as low as $5/hour, to help you make good decisions about how you will use your time.

Even at $5/hour, it will be clear that some things should be hired out.
Building web pages with HTML when you could be generating leads may not be the best use of time.
 Reading an ebook or two or search online about how to work the Web can be very helpful, but sometimes it's more cost effective to buy the information needed. 

Working harder is often the only option available. But when possible, work smarter, which often means hiring services. In the end you'll have more fun and rake in greater profits sooner. 

Have a wonderful time.

How Do You Define Success Online?

Many people have selective hearing. That is, they hear only what they are listening to or They hear only what they want to hear and ignore what may sound unsuitable to their hearing.

When such people tune in to the notion of getting rich on the Web, they can't seem to hear anything else. They are deaf to the news of dot-com failures in mass. Deaf to the certain doom that lies at the end of any path claimed to be quick or easy.

And deaf to any mention of how tough it is to succeed in business anywhere, online or offline.

If you have fallen into this trap, there are only two options. Continue on your chosen path and fail. Or redefine what success means to you, then begin working to achieve it.

Getting Rich Is Unlikely, but it is very Possible !!!
It is no easier to become wealthy online than offline.

The main advantage to beginning a business online, rather than offline, is in the lower start up costs, it is much cheaper.
The rest of it is work, learning, then implementing what you learn.

   What are your chances of opening a new business in your home town and becoming a millionaire?
Unless you have very special talents and skills, it's unlikely.
The chances of doing so on a website are no better.
Would Making A Living Suit You?

Do you have what it takes to open a business on main street and earn a comfortable living?
If you lack essential information, are you willing to take the time to hunt it up? If there are things you do not know, are you willing to learn them?

If you lack needed skills, are you prepared to develop them?
One who can answer a resounding, "Yes," to the above questions, can succeed. Online or offline.
Until you can shout this right out loud to your family, friends, neighbors, and even strangers on the street, any effort to build a successful website may break your heart, waste a ton of your time and even more than a few bucks.

If you want to succeed on the Web, you must first come to grips with what you mean by success.
If your definition can be simplified to making a good living with the opportunity to make more, then all is quite possible. one of the best ways to start is to begin part time and grow your business as you learn.

Whether you have started a business or are still only thinking about doing so, you may find it informative to check out some successful sites online. Successful, that is, according to the definition of their owners.
   Nobody is making a million bucks a year; this was not the goal, If that is your goal, you may soon meet your doom.
Rather they are making a living (their definition) and are in an excellent position to increase their income. The site designs are quite simple; very few fancy graphics are to be found.
Each site is well focused.

Each site is loaded with content.
Some face stern competition; others have carved their niche and conquered it.
You will probably note ways in which each site can be improved. But this is true of any site, large or small. And it's true of yours. And mine

The significance of targeted marketing can not be overstated.
 It's crucial to have a narrow niche in which you can position yourself powerfully.
 When you know with whom you want to work, you have come a long way toward achieving this objective.

So build a site, even without a product. It can work very well, for there's lots and lots to learn. You may decide or Consider beginning only with a newsletter. As you interact with your target, they will begin to respond. All the while you continue to seek to define something these people need they do not have. Preferably a need for a product not available. 

Better yet, one you can create. Whatever, when you do find a need that remains unfulfilled, you will be in a great position to satisfy it. The beauty in this approach has many facets, but the best is in the difficult decision regards a product to sell.

 If what you choose what works, add related products and you are on your way. But if it does not work, scrap it with confidence.  You have not lost your audience. You still have a clear focus on your target.  All that's required is to find a better or more appropriate product.  

Have a wonderful day.