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