We have been looking at four factors that contribute to success when building
an internet income:
Existing knowledge base
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:
- 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.
- Shop front equipment – cash registers, refrigerators
- Stationery and office supplies
- Utilities such as water, electricity and phone lines
- Other plant and specialist equipment
- Computers, printers, scanners, modems and IT servicing
- Internet and mobile packages
- Letterhead,brochures and business cards
- Working capital
- Banking packages
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.
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