How Much Money Do You Need to Start an EBusiness?

There is this perception that starting a business is a very involved process that will take weeks and probably months before going live. Strangely, that perception also exists when talking about online businesses.

If everyone knew just how easy it was to create their own online business, incorporate it to protect themselves and get up and running within a day or so – I think more people would start businesses and some of them would make it and some of them would thrive online.

Here’s an idea what it will take (moneywise) to get started with your online business. Let’s say you were going to sell an illustrated 70 page ebook you created in a week that was focused on how to create your own pesticide free garden.

1. $195 – Register corporation with Colorado state. Let’s say it’s an LLC.

2. $ 75 – Choose a domain name and a year of hosting for your site at Godaddy.com.

3. $100 to 200 – Pay someone to teach you the basics of WordPress sites – and set up your first web site for you, especially showing you how to add pages, posts, links, photos, and videos.

4. Free – setup Paypal account to take orders.

5. $20/mth – Setup Aweber.com to create a mailing list of leads of people that come to your site and are interested in your products and newsletter.

That’s basically it. $400 to $500 to get started the first month and $20 monthly thereafter.

Is that outrageously expensive and going to prohibit you from starting your online business? Nope.

Yes, this was a simple example. It’s very possible that you can do it for under $2,000 USD – whatever your online business is. In fact, I can’t remember in the last 12 years ever spending more than $400 to setup any of my online businesses. Seriously, it can be very inexpensive and quite rewarding.

If you have any questions please contact us at the phone or email in the right column.