Try starting a business with no money…
So you want to start an online business? Read this if you are serious about it.
You will need capital. Seriously, if somebody tells you, that you don’t need money to start a business, that’s just plain BS most of the time. You need money to make money.
Get an expert to do it right for you. This is tricky but this is where your capital comes in. You need to hire the right person to do your site, your Ecommerce back-end. Sure, you do the things that you are good at but for the rest where you can’t do it because you lack the expertise. You are better off handing it to somebody.
Get the right papers ironed out. For starters you are required to get an ABN. This is not optional, all Australian businesses require this. To apply for ABN online number, you can head to http://www.easyabnregistration.com.au/ if you want to make the processing a lot easier.
Take the leap. An online business capital requirement is a lot less then a brick and mortar store, but this will still take time and dedication to run. If all goes well, this can eventually replace your work income eventually. Like all things this require work but if you have a product that solves problems and you believe in it, there’s a good chance you will succeed.