Saturday, 5 April 2008

Starting Up Your Home Based Business

Hi

I hope you are gaining some benefit from the information I am trying to offer you. If there is anything specific you would like to know, please leave a comment.

I thought today we could look at various start up costs.

Almost all home based businesses today require the use of a computer and the internet. I advise you to start your own website and to set up your own domain name.

Choose a domain name that describes your business perfectly, let your visitors know what they can expect from you with your chosen name.

Domain names can be bought very cheaply, some as low as $5 a year. A good hosting site will only cost you around $10 or less a month.

Unless you are going to start creating products in your new business, your immediate set up costs for your company are going to be very low. If you intend to freelance or handle contract work, then your initial set up will be minimal.

Never underestimate your additional office running costs, electricity will rise, as will telephone charges, even down to items like printer ink and paper. Check with your insurers, some companies will increase your home rates for running a home business.

However on the plus side, if you have done your homework then these charges can be offset by the first earnings you make.

I hope this has given you a small insight into set up costs.
Enjoy the weekend; I hope the weather is good for you whether you are.

Mike

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