Is It Right For Me?

In an ever increasing world of economic crisis, job redundancies and unemployment, starting your online shop is probably the cheapeat solution to earning an income.

The only thing you need to start earning your own money and becoming your own boss, is your free time.

Lets take a look at the cost envoled in starting your own business compared to an online shop.

High Street Shop: (Just some of the initial outlay and costs)

• Bank Loan
• Business Account Fees
• Cash Flow Forecast
• Lengthy Lease Contracts
• Shop Fittings and Fixture Costs
• Initial Stock Buy
• Staff Wages
• Heating / Electric
• Business Rates

Online Shop:

• Web Designer Cost
• Web Host Fee
• Domain Name Registration Fee

Just look at the difference in costs compared to running a retail shop, compared to an online business. Practically every cost you can think of is reduced.

So what happens if a retail shop doesnt work out? 9 times out of 10, unless you are a massive company, chances are, you will need to file for bankcrupty.

With an online shop, its as simple as canceling your web host renewal fee.