What Does It Really Cost to Start an Online Business?

If you’ve been thinking about starting an online business, then you’ve probably also wondered how much it would cost. It’s a fair question, and one that isn’t discussed very much. That may be due in part because it’s getting cheaper all the time; but I suspect it’s also because so many so-called gurus think they can charge higher prices if they keep their prospects in the dark.

Well, it’s time to open the windows!

There are just five things you need to start an online business.

1. You need a domain name.

Prices vary for this, but generally you can get one for about $4.

There are a lot of good domain names available. You just need to think creatively to find them. And if you’re really stuck, some of the domain sellers will give you some suggestions.

The main thing is that you want to get one that ends in.com. They cost a little bit more, but not a lot; usually less than $15.

2. Domain host

If you’re brand new at this, then you might find this a bit confusing.

It’s not enough to own a domain name. It has to be put on the internet, and a web host will do that for you.

Prices for this service tend to be about $10 per month, though there are services that cost more.

The most important thing is to get domain host that has 24/7 customer service. You want to be able to call them anytime or talk to them through online chat.

Steer clear of those services that offer only email support.

3. Web page

After you get a domain name, and it’s been hosted, you need a web page. Believe it or not, you can create one for free using any one of a number of different blog resources. In my opinion, WordPress is the best of the bunch. But you’ll have to decide for yourself which one to use.

Your domain host may offer a free one that they support.

4. Autoresponder

Autoresponders are the mechanism behind your marketing. Prices range from $10 per month and up. The actual cost will depend on the features you want and the number of subscribers to whom you send your messages.

5. Shopping cart

Costs vary here quite a lot. Some charge a flat rate for the cart. Others provide it for free, but charge a percent on each transaction.

I recommend PayPal because you don’t have to pay to use their service until you are actually making sales.

As you can see, an online information business can be set up for less than $50, and it probably won’t cost you any more than $150 to run it for an entire year.

With a little less fast food, you’ll be able to find the money easily.