Your Questions About Internet Business For Sale

Mary asks…
Where Can I Find Companies That Do Credit Card Transaction Processing For Internet Business?
I’m starting my own online business and need to process credit cards. I’m familiar with paypal and clickbank but would like to see if getting a merchant account with credit card processing features be a better fit for my business.
However, I know that many banks do not like internet businesses, so is there a company that specializes in this type of accounts?

Jere answers:
Hi. I agree that local banks aren’t too fond of giving individuals doing internet business a merchant account with credit card processing features.
I know, I’ve been there. That’s why I went with paypal when I started my online ventures.
But there comes a point in time when your sales will eventually be large enough to make you want to go with your own merchant account credit card processing.
But it’s not a step that should be taken lightly. There are many things to watch out for and you have to be well informed before choosing a company to go with.
For my company, when it was time to take the leap, I first searched online, like google and yahoo, and found a few companies that had great features, and some offered free merchant accounts.
One in particular is http://www.electronictransferservice.com .. Now I’m not recommending that you go with their service, but at this website, I found a lot of information on credit card processing and companies that provide the service.
You should check out their FAQ page, it’s filled with tons of useful information. Another good thing is you can call them and ask questions and get answers from a real live person. That really helped me learn how all this stuff works.
I eventually went with another company, but at least I had the information I needed so I was able to make the best choice for my business. You will have to look into it yourself and figure out what kind of features you want and need.
But one of the main things is fees. You will want to make sure that you don’t get charged excessively, and that is one of the things you will have to make sure you know about, because there’s a lot of fees involved.
But with the right amount of effort and time that you put into your search for the right company, you should have no problems finding one that fits your internet business.
Hope this helps.
Good luck.

Mark asks…
What company entity should i enter into as a small business?
I have recently started an internet business and need some advice on what sort of company structure would best suit my needs as an online sales company. ie: pty ltd company, sole trader. Any advice is appreciated. Thanks in advance James.

Jere answers:
Prolly a start up

James asks…
How can I jump start my online business, what works best?
I have a wholesale internet business. I am having a difficult time getting this off the ground, what are some ways of advertising that are cheap, and efficiant?

Jere answers:
A few free resources – check out the sources box for links:
1) Create a blog pertaining to your field
2) Use Yahoo! Local & Yahoo! Groups – Be sure to read the TOS for each one!
3) Write articles pertaining to your field and/or expertise.
4) Advertise on Craiglist
Also, consider signing up for an affiliate program. These programs enable you to advertise on other’s sites (your affiliates) and once a sale is made to you, your affiliates & the program are paid a commission.
I listed a few handy sites & articles relating to marketing, promotion & advertising. Here are some book titles that are relevant:
* 301 Do-It-Yourself Marketing Ideas: From America’s Most Innovative Small Companies by Sam Decker
* Off The Wall Marketing Ideas: Jumpstart Your Sales without Busting Your Budget by Nancy Michaels, Debbi J. Karpowicz
* Guerrilla Marketing for Free: Dozens of No-Cost Tactics to Promote Your Business and Energize Your Profits by Jay Conrad Levinson
* Entrepreneur Magazine’s Ultimate Small Business Marketing Guide: Over 1500 Great Marketing Tricks That Will Drive Your Business Through the Roof by James Stephenson
Hope that helps! I wish you much success & happiness in all your ventures!

Charles asks…
What is the best Masters degree to get for someone who likes administration and developing new businesses?
I don’t mind HR, sales training, business development, and internet businesses. I have already sold over $1,000,000 for two companies, ranked in the two 6 for both, but I want to start cashing in on my own ideas and tallents.

Jere answers:
An MBA with a concentration in Entrepreneurship
no doubt

Donald asks…
Why should you register a business with the state?
There is no sales tax on the product, it’s an internet business and I won’t have any employees. As long as I report my income to the IRS, isn’t that ok?

Jere answers:
To insure that the state does not get you on fictitious business charges and or tax charges.
Powered by Yahoo! Answers