How Much Does It Cost to Start an Online Business - Start up Your Business from Today

by murtuza 0 replies
What if you discovered about how much does it cost to start an online business exactly? Do you want to know how much does it cost to start an online business knowing the breakup of recurring, fixed and invisible costs?

The purpose of this article is to list down how much it costs to start an online business and what are the costs required for running a site.

Here are step by step details to get you started right now.

To set up an online business involves very little cost. But your costs increases as soon as your website starts growing in popularity. I have listed down the breakup of charges you will incur while running a busy web based business.

Step 1 –Recurring costs

For online business, it is very important to have a well organized website. You will require a domain name which speaks for your business products and services. Your domain name will cost you around $10 every year. Your website next requires a hosting. Hosting costs around $15 every year. For accepting all kinds of cards you will need an account with PayPal. This PayPal commission will cost you $2 for each transaction or you can also pay $130 each month. If you are into affiliate marketing, your affiliate commissions will fluctuate. On an average it will cost you around $50 each month.

Step 2 – Fixed costs

These fixed costs are also known as onetime expenses. First expense is your business software. The cost will be as per your line of business. The next fixed cost is for web design. This cost can be eliminated if you can yourself design your website using the free templates available online. Then next is for any brand name you want to give for your business or for logos.

Again this cost is variable as if you know then you can do it yourself or hire someone else to do it for you. Even the set up fees is optional as it depends upon hosting companies which charge only one time set up fees. The last fixed cost is acquiring a laptop or a computer. It is very essential you get a good one as it will be the sole responsible for smooth functioning of your business.

Step 3 – Invisible costs

The first invisible cost for your business which cannot be seen but is very important is your time. It is not a burden as your business requires the essential time for flourishing. The other charges which come by default due to usage of computer or laptop like electricity bills, internet usage bills and telephone bills. If you own a house then your house rent costs can get eliminated as online business is run from home.

House rent or mortgage charges are also invisible cost. In online business you need to be up-to-date to stay ahead. For doing this, you need to read books and search other resources to gain more knowledge about your line of business. Going through different presentation online and reading blogs will also make you well equipped with latest trend.

I have included all the cost and hope answered your questions for how much does it cost to start an online business.

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