There are many steps to starting your online business (ebusiness) but the first step is to decide…
“I AM THE BOSS.”
From there the rest is easy. We all want to be the boss, don’t we? We want it realllly bad, don’t we? From the time I was in the Air Force at 18 yrs old I remember thinking – “I am not the boss… In fact, I have about 600,000 bosses because everyone outranks me. This is not fun.”
Fast forward 24 years later – and I am the boss. I’ve been the boss for more than a decade. And you know what? I LIKE being the boss.
You will too.
Here are some frequently asked questions about starting your own successful online business:
How much money do I need to fund the start-up of my online business?
To me this is an easy question to answer. You need as much as it takes to train you to learn everything you need to do.
When I’ve read other answers to that question elsewhere online experts start talking about how much you need to pay a graphics designer, a website developer, an SEO specialist, emarketing professionals… You know how much money you’re talking about to launch even a small site with all those people helping you?
Over $1,000 minimum. Over $3,000 if you’re doing it right and with a chance of success. Over $5,000 if you want a good chance at online success with your new ebusiness.
Taking the other side – I always think you should train yourself. This way you’re not spending money on your site, you’re investing money. The difference is you’re training yourself to be the boss not only this time – but, if you do projects in the future – you’ll be the boss there too.
Now that there’s no need to learn much actual code to get your online business up and running – there is no reason in the world why people of average intelligence can’t learn everything they need to in order to build their online business.
Now that you’ve found my site – I’m going to make it really affordable to do everything yourself. See my 34 Lesson EBusiness PRIMER course and, once you finish you can graduate to EBusiness PRO.
Once you have the benefit of all that video training you’re going to be able to launch a new online business as you wish. You’ll have the confidence to know what you’re doing and that it will be successful at what ever level of effort you put into it. No longer will you be throwing money at other professionals to do things for you – you’ll be doing everything you need to do.
THAT’S the right answer… You’ll spend as much money as you need to TRAIN YOURSELF.
I’m attending college right now to be a pharmacist (insert any lifelong career position here). Everything I like is online. I’m online 15 hours a day, even during class. Should I finish two more years of college or go straight into internet business?
I have a friend that asked me this so I wanted to add it to the FAQ. In her case she was already very internet marketing savvy and had two websites that were doing well. One was a forum.
While I can’t answer for everyone. There are sixteen years olds that have started successful online companies themselves. Heck, some are younger. If you know what you want. If you know what you’re good at. If you believe in yourself and have some resources – like knowledge, friends, and enough cash to get you through the beginning stages as you’re ramping up – I say, Go For It.
So few people do what they love. Even if you find out internet business is not for you – at least you found out after chasing something you WANT. Go after something you WANT with all your heart, not just accept a Pharmacist position because you’ll make $100,000 in a few years. You could make that in one year with a successful online business too. Which would be more fun? Which would expose you to more fun people and experiences? I’d say making $100K as a successful online business owner. Maybe I’m jaded?
Which is the best payment solution to use for my website? Paypal?
There are those that love PayPal. About 40% of people prefer it. That’s a large percentage. But, another 40% prefer using straight credit card processing. So, offer both. The other 20% prefer check, payment options, atm transfers, and other solutions which you don’t have to offer and you’ll be safe enough. Not many people offer that.
You also should look into adding Google Checkout as an option if Google traffic is of any consequence to you – and it should be.
If I order your online training courses – will I get the updates if there any in the future?
Yes and no. If you order 1 individual lesson, like the “Twitter Lesson” you can have the updates to it forever.
If you join the 34 Lesson Course you are a member as long as you choose to be a member and have access to all training but, if there are updates after you let your membership expire you won’t get those updates. Same with PRO course. If you buy an individual PRO lesson like, “Your site WILL sell” you can have the updates to that course indefinitely.
Forum membership is in effect as long as you choose to remain a member.
Here’s an example:
Jayme subscribes to the EBusiness PRIMER 34 course on June 15th for $197. She uses the course for the full 60 days and enjoys the forum interactions as well as having access to everything so she can go back and review courses over and over. On August 14th Jayme joins the ongoing membership plan for $18.90 per month for the next year. For that entire next year (8/14/09 to 8/13/10) she has full access to all the courses in EBusiness PRIMER 34 and their updates. She has full access to the forums and can directly email me to ask any question she has about her ebusiness.
Mike subscribes to the EBusiness PRIMER 34 course on June 15th for $197. He uses the course for the full 60 days and decides he doesn’t want to spend the extra $18.90 per month and lets his membership expire on August 15th. Mike can’t go back and see the EBusiness PRIMER 34 course or get back into the forums. Mike can still write me questions directly.
Hope that clears it up.
Can you refer me to a good SEO / Web Developer?
I’ve done this in the past – and referred people to SEO groups that were supposedly legit – and that I personally had good experiences with in the past. Unfortunately two of those recommendations turned around to bite me. I now refer everyone to myself for SEO and large site development. I have a friend that does small sites quite well and that I trust completely.
SEO is a very important piece of the puzzle that can go very wrong if someone decides to use your site / web hosting for unethical practices. Get referrals from someone you trust!
Does PR (Page Rank) mean anything anymore?
Yeah, great question. To me it means something. It means that Google cares enough about the site to warrant giving it a PageRank at all. It means that I can see if the PR is n/a, the site might be under a penalty for having malicious code in it, link buying, keyword stuffing, or something else. Or, maybe it’s just severely lacking in everything related to basic SEO.
A high PR isn’t had by chump sites – so, if I see a PR of 4 or higher I can guess that it’s a quality site that has been around at least a year and they’re getting decent traffic and interest in their site.
PR doesn’t relate much to search engine ranking anymore. There are PR 1 sites that outrank PR 5 sites on some terms. About.com has many PR 6 sites. They’re usually not found at number 1 for any keywords. Why is that? PR doesn’t relate to high SERP results anymore. I’m glad we have PR though – just for a glimpse of what Google thinks about the site.
Once you’ve got the idea for an online ebusiness and the motivation you should incorporate.
2 Reasons for incorporating:
1. Protect yourself (Cover Your Assets). Corporations are entirely different entities from the person that owns them in the eyes of the courts and the IRS.
2. Save yourself some money at the end of the year on taxes due. There are a couple of very viable strategies you can take advantage of to save you cash on your taxes once incorporated. Put some green back into your pocket.
Frequently Asked Questions about Incorporating an eBusiness:
Once you’ve got the basics down and your online business is ready to move forward guess who needs to move it forward?
Mmm hmm. You. You’ll need to launch your online business like you’re trying to push start a 747 jumbo jet. Hit the ground running and don’t look back – always be looking forward.
This is just a clever euphemism for marketing. You’re going to be marketing and marketing and marketing for years – forever really, there’s no point in ever stopping. Marketing makes or breaks businesses. Online businesses are no different in this regard than traditional businesses.
Online marketing is a different beast. You can slay this beast with the online training courses we have here, but know that e-marketing, or online marketing, is forever changing and you’ll need to make it a lifelong effort.
To me, online marketing is a lot of fun. Somtimes it’s a drag – but, when I think back on what I’m doing – I’m marketing MY business, not someone else’s. I benefit when things go right – ME. That’s pretty exciting and something I always have energy for.
Here are some eBusiness marketing questions that are frequently asked by entrepreneurs ready to “Give it all they’ve got!”
Inc. Answers is comprised of 3 major sections:
1. Starting an eBusiness
2. eBusiness Incorporation
3. eBusiness Development
This page will list some frequently asked questions and resources to help you find out about incorporating your new ebusiness.
This page is changing frequently as we discover new questions and develop answers that will help visitors develop their ebusiness and grow their business to the limits.
Browse questions/answers below…