Financial resources for internet income success

We have been looking at four factors that contribute to  success when building

an internet income:

  • Time available

  • Work effort

  • Existing knowledge base

  • Financial resources

In this final article we think about whether financial resources are necessary

when seeking to establish an internet income.

Traditional business costs compared to Internet business costs 

When establishing an off line business there are considerable expenses to be met:

General

  • Registrations and professionals fees
  • Accountant’s fees
  • Solicitor’s fees
  • Business registration
  • Domain name registration
  • Insurance such as public liability, income protection, vehicles, stock etc.
  • Licences and permits
  • Office equipment and furniture – desks, chairs, cabinets etc.

Setting up

  • Shop front equipment – cash registers, refrigerators
  • Stationery and office supplies
  • Utilities such as water, electricity and phone lines
  • Vehicles
  • Other plant and specialist equipment

Technology

  • Computers, printers, scanners, modems and IT servicing
  • Software-accounting,security,design,document
  • Internet and mobile packages

Marketing

  • Website
  • Logo
  • Letterhead,brochures and business cards

Premises

  • Signage
  • Insurance

Financial

  • Working capital
  • Banking packages
  • Loans

Whilst many of the above expenses would have to be met if you are involved with a traditional business this is certainly not the case with on line internet income businesses and this is especially so with affiliate business costs.

however

 

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