When you start a business online, you are working with a whole different beast than when opening a standard storefront facility. While you dont have to worry about zoning and permits, you do need to be concerned with taxes, internet law, and the general strategy behind your business. How are you going to format your business, and in what way are you going to turn a profit? How will you keep track of your finances, and what is your source of initial funding? What sort of time frame are you looking at in regards to setting up the business, and how much time do you intent to spend each day monitoring and running the business? All of these questions must be answered in order to get started on the right foot to making money online.
The first thing to determine is the purpose of your business. Is your online money making operation going to focus on sales, services, information, or some other aspect? What will you charge for this? How much will it cost you to perform the service, purchase the inventory you plan to sell, or spend the time providing the information? In order to turn a profit, you have to consider the cost of materials, the expense of your time, and any...
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