Your Questions About Internet Business Ideas

Jere answers:

From what I understand the only thing you can protect is the company name, company logos or the company product if manufactured by yourself, or if your selling more of an information product or something similar you would of had to be the one to come up with it. In general if its is not your product then no there is no way to protect it. There is not many things out there that have not been covered already on the interenet.

Jere answers:

One of the best types of businesses to do is a home based business. You have the same income opportunity as a traditional business without all the over head expenses. Just about everything that you use in your home on a daily bases becomes a tax write off. Things such as your telephone, cell phone, Internet, electricity, gas and even down to car expenses. Huge income opportunity with less expendures which basically mean more profit!
Look into the telecommunications industry, travel, or anything that is in high demand and will always be used everywhere.
I provided my source below with over half a dozen different industries to take a look at.

Jere answers:

That said, how does one go about starting a business online?
There are five general types of internet businesses that you can start.
A portal site or a portal that sells digital products.
A content web site that is monetized with advertising.
An e-commerce business that sells a digital product.
An e-commerce business that ships tangibles to people.
A business to business and/or service-selling web site.
* Your business plan : The starting point for any new venture is to create a business plan, says Tony Cohen, the head of entrepreneurial business at Deloitte
* Finding a market :One of the most important elements of setting up an online business is finding out if there is a market for your idea.
* Financing : There are many different financing options available to aspiring entrepreneurs. For many businesses, raising funds may involve several sources
* Your website : Websites will set you back varying amounts. “The cost is relative,” says Berry. “While a basic one could cost as little as £500, a really good one that dominates the market could cost up to £20,000.”
* Marketing
* Customer transactions
* start small and have patience

Jere answers:

The laws vary with the state, in my state of North Carolina, you may specify the type of business in your Articles of Incorporation as “Any Lawful Business”, and therefore not be limited. You will however have to make all other requirements. So you can do many different “Business types” businesses under one corporation. But you should go to the web site for the Secretary of State in your state, and see what the laws of your state require.

As for retaining profits, that is a tax issue, and it depends on may IRS considerations that you need to speak with a tax expert. I incorporated and requested S-Corp status from the IRS, for no federal income tax, but what you do and how you make money and how much profit you may retain for corporate growth may affect that. Again, talk to a tax expert.

You mentioned self-incorporate. I think you should not be using that concept. When you incorporate, you are creating a business entity that is separate from yourself. You are not self-incorporating, you are creating a corporation under the laws of the state. You need to keep the corporation separate from your personal finances.

Jere answers:

Aren’t you on the internet right now?