Your Questions About Business Online Services

Jere answers:

Anyone who says “Online business has Bad ROI is point blank stoopid”.

Anyways your friend is right. Service business online is one of the best ways. The best about this business is you can take it offline if you started out online or vice versa.

25000 for online business is too much.. I advice you to invest wisely if you are starting online(like on monthly basis and check your results and profit).

Most online business has low cost start ups. Just don’t be fooled by website designing companies that’ll guarantee top placements in google, yahoo for your site. They’ll suck up your 25 grands in no time.

This is the start up cost for online business
domain name : $10 a year
Hosting : $5-10 a month ($60-$120) a year
Website design : You can get a decent design for $100 at elance.com

thats 230$ for first year. Now all you need to do is to spend some of your money wisely on advertisements. I suggest $5-10 a day. If you make profit from spending $5-10 a day.

Start investing more in advertising as long as your profits margins are good & increasing.

Here’s Best Idea: If you are starting an offline business… Invest $230 more in building a website for that offline business and promote your business online and offline both.

Jere answers:

Think about what’s easiest for your prospective customers. Will they understand that the company that they buy their web design from also sells self-help books, say?

We tried running our training and consultancy business under the umbrella of our limited company that provided professional photography and art. It’s hard to divide your webiste up into the different cost centres so that people arrive at the bit they’re supposed to. And they’ll always have a look round the rest of the site. In the end, we split them into two separate businesses.

If there’s a logical link between the products and services you offer, it will work. You need to register the different SIC codes at Companies House that show what your limited company trades in.

As has been said elsewhere, a good accountant will explain to you the tax advantages and disadvantages of keeping everything in one company. They’ll explain about related companies, too, where, if there are obvious links between the companies, you may only be eligible for one set of tax reliefs.

Setting up a limited company needn’t cost you more than £50 if you do it yourself. It’s not hard to do. You’ll have to do an annual return for each one, which costs £15 on-line, and present annual accounts to Companies House for each company. That has implications for accountancy fees but a reasonable accountant will do you a deal for doing accounts for however many companies you have. It’s all business that they don’t have to go looking for.

As you have a full time job, work out what time you have available to run each of your businesses before launching them. If you’re able to outsource some of the work you’ll be able to do more.

Good luck!

Jere answers:

Typically lenders want to see your mortgage payment no more than 28% of gross income and total debt service of less than 35% of gross income. Generally a lender will look at a 5-unit building as an investment, not a home, even if you are living there. This will tend to tighten the lending criteria and raise the interest rates a bit.

Self-employment income generally isn’t considered until you can prove 2 or more years of regular income from the business.

Jere answers:

Linked In maybe? The Ladders? What are your qualifications?

Jere answers:

Go to microsoft.com and review their small business software. It is directly compatible with MSoffice, and has a trial version for download.