What Is The Cost Of Starting An Online Business?

Hi how’s it going?

The other day I came across this post by Angela Banks from Xpand Empire and thought I should share it. note I have hadded my comment in a lighter colour

budget-picture

How much does it cost to start an online business?

Excellent question! There are many financial variables when you are starting your own online business. So here is what I am going to do. I am going to list all of the costs that I encountered when I started up a social media online business. Keep in mind these costs are in AUSTRALIAN DOLLARS. (That is because Angela lives in Australia)

Marketing & Advertising

– Six Figure Mentor Membership Sign Up $200
– Six Figure Mentor Monthly Membership $97
– Advertising $$$

I invested in my personal development in online marketing by joining SFM (Six Figure Mentors). They taught me the basics of online marketing – which is crucial to building a successful online business! If you are interested in learning more about online marketing, click on the banner below to get your FREE online marketing report…this helped me heaps! They have help me with my business as well

My Banner

For me personally, my advertising amount varies. I like to go with the 80/20 rule. Keep 80% of your profits and invest the remaining 20% into advertising your business. This is a good rule to constinually grow and expand your online business!

Legal

– Terms & Conditions $300
– Company & Trust Set Up $1800
– ABN $44
– Legal Advice $500
– Trademark Application $1200

Now if you are a sole trader, you will not need a Company and Trust Set Up. The trademark application is also optional. You will keep your costs down by being a sole trader however I recommend you get legal advice to determine what is the best business structure for you. I also like to get legal advice on any of my online business projects so I can manage any potential risks. For me I already had a trust set up

Finance

– Online Accounting System (per month) $49(NZ I use bank link $25)
– Accounting fees for preparing a yearly company tax return $800

Again if you are a sole trader, and not a company, you wont have to worry about the cost of preparing a company tax return. I personally liked XERO for managing my online accounting system…fantastic and easy to use!

Website

– Yearly hosting $89.88
– Comprehensive Website Development (including logo & social media design) $1400. I got my logo and graphic done on fiverr.com and put it together myself but that takes time. Cost $40
– Internet per month $50
– Domain name purchase per year (.com) $9.99 (.co.nz) $20/yr
– Domain name purchase per 2 years (.com.au) $20
– Tablet & Smart phone design for website compatibility $750

I have my websites hosted through GoDaddy.com simply because they are reliable and they have competitive prices!

General

– Business Cards $60

I had my business cards done through Vista Pring. Some other expenses you may need to consider is purchasing a lap top, portable hard drives (for backing up your documents), printer, anti virus software, etc.

ONGOING EXPENSES

Although the initial outlay of money can be a lot when starting your online business, the maintenance is very cost effective once you are up and running. Ongoing expenses include:

– Any memberships/subscriptions for personal learning & development
– Advertising
– Online Accounting System
– Accounting fees for preparing tax returns
– Yearly hosting
– Internet per month
– Domain purchases

Hope this blog helped you in managing your online business budget effectively!

Cheers

Ange

Thanks Angela

xpand empire

If you need tips on the legaland accounting side of your online business Xpand Empire is  not a professional legal or finance body but can certainly share their experiences in these fields with other people. I also have contacts from a legal firm in Brisbane that can offer my followers/clients excellent discounts in legal services to help the little guys out!

Have a n awesome day

Robbie

What Is The Cost Of Starting An Online Business?

 

Shorten URLs With This Free WordPress Plug-in

Hi how’s it going?

Today I want to tell you about an awesome new plug-in that The Six Figure Mentors have developed and they are giving away free. Tidy URL is an awesome new Plugin for WordPress that will enable you to shrink, cloak, redirect, track, organize and share all of your links on your own domain and server!

 

Tidy URL

Learn how easy it is to use Tidy URLs
Tidy URL is an awesome new Plugin for WordPress that will enable you to shrink, cloak, redirect, track, organize and share all of your links on your own domain and server!

snapshotYou can download the plug-in for Free and install it on your wordpress site then activate it in a matter of minutes.You can then take your ugly, messy long URLs and very quickly transform them into neat URLs with your domain name so people won’t know it is an affiliate link

Here are some of the great things you can do with Tidy URL

  • Clean up/cloak affiliate links using YOUR own domain in just seconds.
  • Redirect to third party resources when sharing content with your followers ensuring you get YOUR URL and brand out there.
  • Track the effectiveness of your marketing campaigns by easily tracking clicks.
  • Kickstart and Fuel the SEO on your site by posting Tidy URL Links from your site on Digg, Twitter, Facebook, other blogs and everywhere else on the Internet.
  • Setup links for your pdf files/reports and track how many times they are downloaded.

So take advantage on this awesome plugs by clicking here

Have an amazing day

Robbie

 Tidy URL, A Free Word Press Plug-in To Shorten URLs

You Must Respond To Feedback Make Your Dreams Come True

Today Jack talks about how ti is important to respond to feedback if you want to reach your goals.

Often as we are working towards our goals we can get off course and become distracted. That is when feedback can help us. Listening to feed back and letting it help you get back on course can help you get closer to your goals.

There are two types of feedback, negative and positive. We all like positive feedback but negative feedback can also be helpful.

How We Respond To Feedback

There are different way we can respond to feedback

  1. Ignor it and say this is my goals and I will do it my way, I don’t need advice from anyone because they don’t know what they are talking about
  2. Get upset and take it personnally and quit. Not a good option if you want to make your dreams come true
  3. Get angry and go off at the person giving the feedback
  4. Take it it on board and make adjustment to  so you can keep moving towards your goals

So enjoy the video and make sure you use feedback to stay on course

Have a fantastic day

Robbie

 You Must Respond To Feedback Make Your Dreams Come True

Take Action To Make Your Dreams Come True

The most important step to making your dreams come true is to take action. Jack Canfeild explains this in todays video.

You can have all the the knowledge, know what you really want, have written down specific goals in great detail and a date, be visualising you achieving your goals, and be doing affirmations very day. But if you don’t do anything to move you towards your goals do you think you will achieve them? Of course not. If you do nothing you get nowhere. You must take action

So why don’t poeple take action? They are afraid

  • Of what others might say
  • Of being rejected
  • they might achieve it
  • of the unknown

Fear has stopped a lot of people succeeding. Don’t let it stop you. Some can up with an acronym for fear. False Evidence Appearing Real which is often quite true.

So next time you are getting held back by fear. Feel the fear and do it anyway

enjoy the video

have an absolutely amazing day

Robbie

Take Action To Make Your Dreams Come True

 

 

Visualisation To Make Your Dreams Come True

Hey How are you Doing

In these videos (yes there are 2 videos) Jack Canfield cover the importance of visualisation. It is one of the most important steps in making your dreams come true.

In the first video he demonstrates how  visualisation can help you achieve more than you expect.

If you visualise on regular basis it is proven that it can improve you results.

Jack explains how it works

In the second video He shares an example how a guy managed to change the drop-out rate for a middle school from 85% down to 15% through visualisation

He also shares his story how he made his dreams come true throught visualizing a million dollar cheque. Yes he did get a cheque for a bit over a million dollars

Are you visualizing what you want? If not why not? What have you got to loss?

Enjoy and have a awesome day

Robbie

 Visualisation To Make Your Dreams Come True

If You Want Make Your Dreams Come True Set Specific Goals

Hi today we look at the next step to make your dreams come true with Jack Canfield co-author of the “Chicken Soup For The Soul” series of books.

Vague goals and objective just don’t work because they are difficult to measure or determine if you have achieved then.  Eg I want to loose weight. So you loose 1kg have you reach your goal?  or I want to be rich. What is rich? How much money do you need to be rich? I better goal would be I want to earn $243 567 by 31 December 2013. You know exactly how much and by when.

Set big goals and break them down into smaller stepping stone goals that way the big goals won’t be so overwhelming.

To Make Your Dreams Come True  It Isn’t All About Reaching Your Goals

Goal aren’t always about getting there, it is more about who you become to get there. You become someone worth being.  It is about the journey. By Achieving big goals you acheive mastery, mastery of life. If you loss what you had work towards you could achieve it again because you now have the skills to get there and it would be much easier the next time.

Most people don’t acheive mastery because they just don’t set specific goals

Enjoy the video, take notes and put it into action

Have an amazing day

Robbie

PS leave a comment below or if you have any questions leave them there as well

 

 If You Want Make Your Dreams Come True Set Specific Goals

 

 

First You Must Decide What You Want. To Make Your Dreams Come True

Hi How are you to today. I hope you’re fantastic

In the second video of the making your dreams come true series. Jack Canfield take us throught the first Decide What You Want

I might seem obvious but a lot of people go through life and never decide what they want.

When deciding on the vision of what you want make sure you go big. It doesn’t matter how big it is because once you commit to it anything is possible. Often people don’t decide what they want because they don’t know how it is possible to achieve it because of the situation that they are in right now or because of the way they were brought up. like you can’t have this or that, that is being selfish.

The universe is full of abundance, there is enough for everyone and there is still heaps to spare.

Once you decide what you want tell others and suround your self with positive like minded people.  If people try and put you off or discourage you, thank them for there concern and move on

Enjoy the video, take note, put it into action and if you have any questions just leave in the comment below

Have a wonderful

Robbie

Decide What You Want. To Make Your Dreams Come True

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Making Your Dreams Come True

Hey how’s it going

Today I want to share with you a video I came across on You Tube, well a series of videos title “Making Your Dreams Come True” presented by Jack Canfield co-author of the Chicken Soup For The Soul series of books which have sold millions of copies

This is the introduction and he shares a bit about him self.

He also shared a story of a boy

When I was a high school student there was a kid in my class that moved around and lived in the back of a truck,

his dad was a trainer,and he never lived anywhere more than a couple of months.So would never same at a school  more than a couple of months.

He had this dream though, he wanted to race or breedracing horses

The teacher at the school ask the kids to write a paper on “Wwhat do you want to do when you go up”

He got very excited cuz this was a chance to really go for his dream.

So he wrote down I want to raise thorough bred racing horses, and he drew a major diagram of  two hundred acre ranch with four thousand square foot house, and a race track with sables, and offices etc

It was very exciting  and he handed it in.

He got it back a week later with an F and a note “see me after class”

So he saw the  teacher and asked “how come i got an F?”

he said “You’re a poor kid living off the back of the truck, you know what land costs in this valley? do you know what it cost for breeding stock and for stud fees? This is an unrealistic dream for a young man like you. There’s no way you could ever achieve this. And it’s my job as a teacher to make sure you’re not go to be disappointed.”

“So I want you to write a more realistic dream for yourself and i’ll give you a higher grade.”

 

Well he went home any talked to his dad he said ” what should I do?”

His father said “I can’t tell you what to do with your life, but I will tell you this whatever you decide is probably gonna effect the rest of the your life, so think hard about it.”

He thought, he thought, and he thought. Now after week he went back to the teacher with the exact same paper

Hhe said “You can keep the F and I’m keeping my dream”

Years later he now has

  • four thousand square foot house
  • an is two hundred for acreage
  • income was over six

The reality is this poor boy made his dreams come true.

How did he do it?

Well that’s what you are going to find out in this series

 

Enjoy and have a fabulous day

Robbie

 

Making Your Dreams Come True

 

Are You An Entrepreneur Or Opportunity Seeker?

There are six differences that I am going to cover today in this video blog

Before we get into it which do you think you are? Entrepreneur or Opportunity Seeker?

So what are the 6 differences

  1. An Entrepreneur will find an opportunity and seeing it potential, (other have been successful with it) will then say how can I make this work for me and sets about making it work. Where as the opportunity seeker find an opportunity works with it for a bit then sees another and is off after that one because he thinks its better. So he is constantly chasing opportunities
  2. When an Enprepreneurs fails. He goes ok what went wrong here, how can I aviod that happening again, learns from it, get back up and carries on towards his objective. But the opportunity seeker goes “Holy crap that did work well it wasn’t a very good opportunity anyway”
  3. When they come up against obsticles the entrepreneur look at it and work out
    How can I or I can't

    I can or I can’t

    how he can over come it and ask “How can I do it, How can I fix it, How can I move forward.” On the other hand the opportunity seeker will go “I can’t do it, I can’t move forward , this opportunity sux!

  4.  An entrepreneur will take responsiblity for what he does. He is responsible if some thing go wrong them he moves on and fixes it or overcomes it. The Opportunity seeker it is never his faulty, is was the economy, the internet, the wrong list, I was sent thr wrong thing etc etc. He blames everyone and everything
  5. The Entrepreneur is prepare to work hard because he know that in the end he is going to succeed. So all the hard work will be worth it in the long run. He can see the benefit of all the hard work. The opportunity seeker on the other hand is not prepare to put in the hard yard he doesn’t see the big picture. Another easier, better opportunity will come along
  6. The entrepreneur will do whatever it take to make his opportunity succeed. If that means working to all hours of the night, or making lunch instead of buying so he can afford to advertize, then that’s how it is. But the opportunity seeker ain’t prepare to do what it takes. He would rather quit than miss out on sleep or lunch etc.

Now the we have discussed the difference, let me ask you again “Are you an entrepreneur or an opportunity seeker”

Leave a comment or if you have any question just ask.

Have a great day

Robbie

 

Be A Purple Cow And Stand Out In Your Market

Hi how’s going

You might think what a strange title. And purple cow? You can’t get a purple cow

I got this idea from Tom Breeze and he got it from Seth Godin. They said that you needed to be a purple cow if you wanted to stand out in your market. So I decided to go searching for a purple cow.

Discover what I found in my search for a purple cow when I was in Holland

I think I got the wrong idea from what they were trying to get across (maybe I am a little slow or something).

Really what they where talking about was if you are driving across the country and on either side of the road there are fields of grain, and there has been for the last 3 hours. Then suddenly you come across a field of cows. You that is remarkable.

But as you keep driving there are more and more fields of cows. The fields of cows are no longer remarkable, they are common. Now to be remarkable the cows would need to purple cows

Stand Out In Online Marketing

To stand out with marketing or in any market you need to be the purple cow in your market. You need to be remarkable, you need to be different, you need to be the breath of fresh air, you need to be doing what the competition is not doing.

So ask your self “How can I stand out?”, “How can I be the purple cow in my niche, business, or market

Ideas

  • If they are are just blogging do video blogging
  • If they are just selling their product, sell your with a money back guaranty
  • If they have a money back guaranty, do a double your money back guaranty
  • If you have a shop offer your customer a tea or  coffee

Put your thinking cap on. I’m sure you will come up with something.

Be the Purple Cow be remakable

Leave a comment or if you have a question leave it in the comments below

Have an awesome day

Robbie

 

call +64272404411

skype: bob_vw

Facebook: http://www.facebook.com/RobbieJvantWout

email: robbiejvw@gmail.com

http://robbievantwout.com

 

 Be A Purple Cow And Stand Out In Your Market