How Much Money Do you Need to Start an Internet Business?

So, you want to start an internet business but you don’t know how much you need for a start-up. Well, I will give you an accurate approximation of the amount of dollars you will have to spend on the same. Setting up this kind of business does not necessarily costs you a lot of money. What it actually needs is your time.

To get the minimum cost of starting an online business, you must first look at the cost of basic requirements.

Basic hardware

For you to start an Internet business, you will need a computer, internet access and modem. You will spend at least $500 to buy a computer and about $300 every year for the internet access. I bet you already have a computer and internet access. Otherwise, you wouldn’t be reading this post. Even if that is the case, you should still add the cost of basic hardware.

Website nameinternet business

While you can use Blogger or WordPress.com to establish an online presence, such blogging platforms are only good if your aim is to blog about your experiences and thoughts but not for running a business. When setting up an Internet business, you will register a domain name, which is simply a website name by paying about $10 per year especially if it is a .com name.

Website hostinginternet business

Your website will have files, and you will need a place to keep them. So, you will need what is known as web host server. Depending on your budget and preference, you can pay for a shared web host server or a web host server dedicated to you alone. A shared web hosting will cost you around $60 – $100 per year, and you will share it with other hundreds of sites. This is an ideal option for you if you are on budget. But if you intend to run many sites, then you should opt for your own web-hosting server, which will cost you about $300 a year.

On top of the cost of basic hardware, website name and web hosting service, you will also pay for whatever you want other people to do for you. For instance, you might decide to write content for your blog yourself or hire a content writer. Furthermore, you might incur the cost of commission you will be rewarding the people you have referred to buy products from another business’s site. You will need about $200 to manage your internet business if you are going to do most of the things yourself.

In summary, all you need is a website name, a computer, a modem or rooter, internet access and a place to host your website. With all these, you can start and run an internet business without spending extra money. However, there is no harm in spending more money.

Therefore, the total cost of starting an internet business so far is:

  • $500 + $300 for basic hardware
  • $10 per year for a domain name
  • $100 – $300 for web hosting
  • $200 for management

4 Reasons Why You Should Start an Online Business

Are you on social media? If you said yes, then it means you can easily connect with many people irrespective of where they are or how much they earn. This also means that you can start your own online business. Compared to any other time in the history of humankind, starting and operating a business has never been easier than today.

If you are looking forward to building your own online business and you are wondering whether it is worth a try, then this article is meant for you. Read on and find out some of the main reasons why you should not waste time but build your online business.

  • Extremely inexpensive

To start a small online business, you should first look for a domain name. Secondly, you should find a reliable hosting service that will house your website. All these can cause you less than $100. After setting up everything, you can go ahead and create your products and, or services that you intend to sell. Just like that, you will have your business running. To grow, you will need to try to reach out to all your friends, colleagues and family members and beyond to build your audience. You can easily do this on Facebook, Twitter and any other social media platform.

  • More flexibility

When you are running your online business, you will have the ability to choose when to work. For instance, you can choose which days of the week you will be working, and the number of hours you will be working provided you have set the business in a very efficient way. In short, an online business offers you more choices when it comes to choosing the time to focus especially on being more productive whether it is on weekends or Monday – Friday. This way, you will be able to direct your time and energy on any other important things that are not within the business.

  • Freedom to choose your location

When you are operating an online business, it will never tie you down to an office, a desk or any particular location. Provided you have your laptop or a smartphone and you can connect to the Internet, you will be able to run the business from wherever you are. This therefore means that you can travel to any part of the world without worrying about your business because you can always work on the go. So, whether you are visiting a friend, your family, or just going on a vacation, your business will still stay with you.

  • Unlimited presence

You are fully aware that when people need any product or service today, they first go to the internet to search for the companies that are selling what they are looking for. If your business is online, it means that customers and clients will find you irrespective of where they are. Everyone can access the products and services of an online business. This also cuts the cost of advertising the business.

 

 

 

How Internet can Help a Businessperson Live a Healthy Life?

Running any type of business, big or small can be overwhelming. It requires your attention, time, effort and money. In the middle of trying to remain compliant, stay competitive, retain customers, attract new ones, and strategize on how to grow the business, you might end up leading a very unhealthy lifestyle. Fortunately, internet can be your savior.

You are not the only one who is wondering how internet can help you live a healthy life even with the busiest schedule on earth. While the list is too long, I have just discussed some of the most effective ways the internet can save your life.

  1. Connect you with friends

Working on your business can be very involving. Because it consumes much of your time, you might end up living a very isolated life. It’s extremely important for you to know that man is a social being, and working full time without having the time to chat or spend time with friends can be very dangerous.

Granted, it’s hard to create time to visit or host friends at home owing to your busy schedule. However, you can still connect with friends on social media anywhere at any time. When you share notes about personal lives with trusted friends, you will feel loved, comfortable and complete even without meeting them physically. When you are happy, you reduce chances of suffering from any chronic illness.

  1. Helps you reduce stress

Running a business can be stressful. And stress has never been beneficial to any human being. Because of the internet, you can download interesting games, movies, and even watch videos online. Doing what you love is an effective way of reducing stress because it suppresses the secretion of stress hormones and stimulates the secretion of feel-good hormones. Living a stress-free life boosts your immune system, which means that you will not only have a healthy life, but also live longer.

  1. Helps you keep fit

Maintaining a good exercise plan is one of the secrets to a happy, healthy living. With the internet, you can do your own research online and learn how to adopt and maintain an exercise regime. You can get a good schedule online and receive tips on how to exercise in a healthy manner. This way, you will be able to attain and maintain a streamlined body. This will improve your image and boosts your self-esteem and confidence. This is a good thing for your business as well because when you are confident, you will be able to win trust of your existing and potential customers very easily.

  1. You can work anywhere

You don’t have to be in your office to work on projects. Being at the same place everyday can make you bored, unhappy and unproductive. The internet enables you to leave your office, go somewhere else, and still work on your projects the same way you would have done in your office. Working from a place your feel comfortable at will boost your mood and enhance your productivity.

When you are healthy and happy, you become more productive when you get down to working on your business. For this reason, you must always strive to live a healthy and happy life.

 

 

 

 

5 Internet Business Ideas

Have you been toying with the idea of starting an online business? This article intends to help you succeed. Internet offers unlimited business opportunities to entrepreneurs. In fact, you don’t have to lease or build a store for you to set up a business – thanks to the internet.

Now that you have a dream of setting up and running a successful internet business, I will help you by discussing some of the most lucrative business ideas. Read on!

  • Consultancy services

You can start an online consultancy service firm where you will be educating and advising people on particular subjects. For instance, if you are a medical doctor, you can set up a medical consultancy firm online where anyone with a medical condition or a question related to your area of profession can contact you and receive your advice and answers at a fee.

  • Blogging

Blogging is one of the most common and lucrative online businesses today. All you need to do is pay for a domain name, open your website and start blogging. You can choose to write about politics, about business, social life, or any other topic that you are sure will interest your targeted audience.

When you dedicate your time and effort to feed your blog with search engine optimization content, Google and other search engines will rank you high. This way, you will start having good traffic. This can earn you money in many ways. For instance, you can approach companies to use your website to advertise their products at a fee.

  • Freelancer

You can provide services to people, companies and organizations as a freelancer. If you are a good writer, you can look for clients and write quality, SEO articles for them. As your name spreads, you can become a brand and receive orders from many other people and organizations. This way, you can set up a writing bureau and employ the best writers to work at the bulky projects.

  • An online market

Many people out there have plenty of second hand products to sell but they don’t know where to find the buyers. On the same not, many people out there would wish to buy used goods but they just don’t know where they can get them. If you can provide them with an online platform to do so at a fee, you can rest assured you will earn real money.

Trying having a site where sellers can post pictures of the goods they are selling and their prices, and invite willing buyers to ask for the goods they would wish to buy. You only need to advertise this site, and win trust of the public. Before you know it, you will be making money 24/7.

  • An online shop

Gone are the days when you needed to have a physical store to sell products. With Internet, you can simply open an online store where you will be posting pictures of available products, their prices, and where you are able to deliver to. Buyers will only be required to place their orders, and yours is to get the product from reliable producer to the doorstep of consumers.

 

 

 

 

 

 

How to Ensure Your Safety On the Internet?

Internet is one of the most useful assets for businesses and individuals today. It is very important in the lives of many people including business owners. While it is full of fun and wonderful information, internet is also bedrock of many dangerous criminals. So, there is need to ensure that you are always safe on the internet.

Unfortunately, millions of internet users do not know how to stay safe. No wonder cyber crimes continue to be reported every minute. You need to take several measures to keep off cyber criminals who are always looking for opportunities to steal your data. The following tips will help you towards ensuring your safety.

  • Don’t share every information on social media

Social media platforms such as Facebook, Google+ and Twitter among others might be part of your everyday life. While it is good to connect with people, you should not share sensitive information on your account. For instance, don’t share your phone number, the names of your parents, your birthday and your children’s name. If you share such information, people will know almost everything about you. This makes it easier to truck you.

  • Use strong passwords

As an internet user, you should know that your password is the key to your business and personal accounts. So, anyone who has the key will be able to access and steal data from your account. Make sure you choose a password that is long, unique, and not easy to guess. Use number letters, uppercase, lowercase and characters when choosing a password. The more complex and longer your password is the more difficult it will be for any stranger to guess it correctly.

Avoid using 1234, or your birthday as your password. In fact, doing so is not only laziness, but also being unreasonable. Such characters can easily be guessed. It is highly recommended that you change the password after every two months or so.

  • Never give out sensitive details to anyone

Cyber criminals will try to get your personal details to use them in trying to access your accounts. Never give out your personal details such as your phone number, full name, or address to any stranger online. Cyber criminals usually target internet users in chart rooms especially when people are negotiating deals or jobs.

Whenever someone you do not know or trust asks for such personal details, you should know it’s time to become extra careful. When you give out your personal details to unfamiliar persons, you will be definitely compromising your identity, accounts and physical safety.

  • Have several e-mail accounts

If you ask any cyber expert, they will tell you that you should have about three e-mail accounts. Apart from your official account, you should also have a non-official account. You should also create a junk e-mail, which you will be using to randomly sign up for almost everything at stores, on social media, and on restaurants. This way, you will easily minimize spam and many other privacy issues.

  • Download files and software from trusted sites

When you need to download software or files, only do so from sites that trusted sources have verified or rated highly. For you to know that a downloading resource is a trusted one, you will find out that it is upfront when it comes to price. Its rating should also be high.

4 Ways of Cutting the Cost of Doing Business Using the Internet

For you to start and run a successful business in today’s world, you should streamline all the business operations, find ways to reduce the cost of doing business, and improve the effectiveness of every action and strategy. In other words, you should strive to do more and be more productive with less effort, time and money. Otherwise, it might not be easy for your business to grow quickly, or to stand the stiff competition.

The good news is that today, business owners have an effective tool – the Internet. This tool has an incredible potential for facilitating you, regardless of your budget or the size of your business. This tool can actually distribute any kind of information to anywhere at any time, without you having to pay any transaction cost.

I have highlighted some internet strategies that can help you streamline the operations of your business, reduce the cost of doing business, and generate more returns with fewer resources.

  1. Automate all transactions

Internet works two-ways. As it sends information, it also collects for you the data at the same time. This means that apart from pulling the files from a website, your customers can also do all the small transactions. It makes it easy and quick to implement registration forms and shopping carts. Automating transactions gives your business 24/7 customer service. It also doesn’t require any labor resources.

  1. Build up a self-service library

Internet provides services 24/7, and it doesn’t require any transaction cost when distributing information. This makes Internet a perfect tool that you can use to distribute any kind of information. For instance, you might have customers calling your business office requesting for product information, brochures or seeking to know the address of your business. If you can distribute such kinds of information through a website, then the information will be accessible to customers at all times even during the holidays, and after operational hours. All these require no labor, printing or postage, and therefore, Internet reduces the cost of operating business.

  1. Streamline communications

Communicating with people through postcards, flyers, letters, telephone calls and postcards is very costly. If you can convert your communications to website posts, email newsletters or emails, it will cost you nothing to send them to your clients and prospects. That is what Internet has in store for you if not more. So, instead of spending money to send information, use the Internet, and you will save a lot of money.

If you push most of the communications to happen through the web, you will not only be saving money by eliminating any delivery cost, but you will also improve accessibility of the information.

  1. Build community

Building community is the new service on the Internet that comes in handy. Also called fan clubs, social networking or users group, this commodity will enable you connect your clients with one another, and make all of them easily accessible to all your potential customers. By building a community, you will be offering people a good place to learn everything about what you are selling, and talk with other prospects about the same.