Like where to get a buisness loan from, what happens if you fail and go bankrupt etc.
2007-05-08 05:04:42 · 6 answers · asked by Nemz 2 in Business & Finance ➔ Small Business
If you start slow and easy you will not fail. The key is to do what you can afford and sell in a niche market. Also buying and selling is what has worked in the world for thousands of years. Find a great wholesaler that does NOT charge you to join, and has NO minimum purchase. Also find a CHEAP ecommerce solution.
Buy a domain at godaddy (about $7.00 a year) then go to www.BradshawWholesale.com (thousands of items, licensed collectables too) then after you find what you want to sell, go to the bottom left of their page where it says "NEED a SITE?" and check out the ecommerce (about 25.00 a month) but its easy to work, you can intergrate your domain name. These are just examples but after about three or four months you can be nmaking a grreat income. REMEMBER when building a site use 250 letters total to form your description and about1100 keywords, do not repeat keywords. and your site will climb petty quick.
2007-05-08 06:38:33 · answer #1 · answered by jimmy b 3 · 0⤊ 0⤋
Think of all your interests & ask yourself if any of those could be expanded into a business. Just keep in mind...what's your expertise? What are your interests? What could you imagine yourself doing? By researching the prospect of starting your own business -- what it entails, what you need to know, helpful hints, etc -- you'll feel better prepared to take that plunge. I found some book titles that are relevant to your specific question: * 101 Internet Businesses You Can Start from Home by Susan Sweeney * The Best Home Businesses for the 21st Century by Paul Edwards * Selling Online: How to Become a Successful E-Commerce Merchant by Jim Carroll * I Could Do Anything If I Only Knew What It Was: How to Discover What You Really Want and How to Get It by Barbara Sher * I Don't Know What I Want, But I Know It's Not This: A Step-by-Step Guide to Finding Gratifying Work by Julie Jansen I also posted some article links in the source box. Hope that helps! I wish you much success & happiness in all your ventures!
2016-05-18 02:05:28 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Start by focusing on your Business 'idea' ..
Most Businesses go bust in the first 2 years and the most common reason is cash flow (i.e. lack of it).
So top priorities are :-
Market your Business, SELL, SELL, SELL, collect what you are owed (income) as fast as possible (ideal = payment with order), pay up what you owe to others as late as possible (get Trade Credit, 90 days ++) and BALANCE your books.
I had a friend who did Carpets. Bought up cheap end-of-roll etc. and went round in a big van full of stock. Problem was, he couldn't resist a 'bargain' at the local Carpet mill .. as they started to close out lines he would go buy up their stock .. soon his Garage was full. Soon his friends Garage was full ... soon he was hiring storage space at 'big yellow' ....
Then he went bust - he had 10 of thousands of ££'s of carpets in stock but wasn't selling them fast enough to pay his bills ...
Moral of the story == don't buy for stock today what you can't sell tomorrow (some Businesses eg. DELL, only buy components AFTER they have sold the finished product !!!)
Loans - family, friends, rip-off merchants, banks, equity in your house.
If you fail (& get made Bankrupt) you loose everything. So now might be a good idea to make sure the house is in joint names with your partner.
2007-05-08 05:09:09 · answer #3 · answered by Steve B 7 · 0⤊ 0⤋
Get your website. visit www.dreamlusions.com and mention yahoo answers for 30% off during the month of May.
2007-05-08 11:51:03 · answer #4 · answered by Leah S 1 · 0⤊ 0⤋
If you are in the UK you should contact Startupco, or the business link, they can give you loads of free advice and guidance.
2007-05-08 05:10:44 · answer #5 · answered by winston s 3 · 0⤊ 0⤋
What kind of internet business?
If you add details then I'll be back!
2007-05-08 05:11:00 · answer #6 · answered by Kyle D 1 · 0⤊ 0⤋