How much does it cost to start up an online business?

Question by slik321: How much does it cost to start up an online business?
I know that to get the site made it would cost around £1000 (my friend is a web designer so can do it cheaper for me than other people)

I imagine the main cost is buying the stock in which you want to sell through the website. Lets say I bought 3 – 5k worth of stock to start off would that be ok. Are there any additional fees that I would have to pay. I live in England

Best answer:

Answer by Josh H
depends… could be OVER 1 MILLION!!!!!

Add your own answer in the comments!

 How much does it cost to start up an online business?

6 Comments

  1. Mysillyum | |

    If you know how to make websites then it only takes your domain name fees.

  2. Lauren Green | |

    Why don’ you try having a look at some of these popular web-hosted shopping cart providers as you can do a lot with £1000. A normal web-hosted shopping cart will only cost you around $ 50 a month in subscription fees and these carts come with free templates.

    http://www.volusion.com
    http://www.instantestore.com
    http://www.bigcommerce.com

    And if you prefer to have your own website and logo custom designed, you could check out this professional logo and website design company that is able to offer 100% satisfaction guarantee. In the event that you are unhappy with their work, they will offer you a full refund.

    http://www.logo-design-studio.com

    As for products, you may want to consider working with a drop ship company to avoid the risk of holding too much stock in case the market trend changes.

    Here are some articles that will help in showing you how to make your online site more visible to others and in search engines.

    http://ecommerce.instantestore.com/topics/internet-marketing/search-engine-optimization-seo/

    Hope this helps.

    Lauren

  3. Keith | |

    The question about stock (£3-£5k) is really a question that only you can answer. You should address that from another angle. The question you need to ask yourself is what is the minimum amount of stock I need to operate and is the time I will have to wait to get new stock acceptable and workable.

    There has been a big change in retail stock over the past x years. Even stores like Tesco, Sainsburys etc now operate what they call day 1 for day 2 stock. That is to say that they never hold stock lots anymore unless it is completely and absolutely necessary. Remember that while the stock is in your suppliers care and not yours then it poses no risk to you.

    My advice is to keep a healthy cash flow in the business at all times. Cash flow is just as important as not making a profit.

  4. Denise Lawrence | |

    There are only a few opportunities that offer little or no investment to get started. I found a great one and have been involved for a few months. It’s not for everyone though. Feel free to check it out here — http://www.lawrenceindependentonline.com

    Good luck to you!

  5. sewgoodmama | |

    I’d say about $ 18

    $ 10 for a domain
    $ 8 for one money of hosting – you can get it much cheaper though

    You don’t need to pay anyone to set up a website for you. If you host with Hostgator or Bluehost, you can install WordPress with just a click of a button. There are 100’s of free themes for WordPress so you don’t have to know anything about web design to make your site look the way you want it to.

    You don’t need to actually sell anything to make money online. Get an adsense account from Google and place these ads on your site, when people click, you will get paid.

    Also join Amazon’s affiliate program, I believe there is one in the UK too. Then you place links to Amazon products on your website and when people click and buy you get paid.

    Join Commission Junction and place some links on your site and again, if people click and buy you will get paid.

    Join Clickbank and place links to interesting digital products and ebooks on your site, if people click and buy you will get paid.

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