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. For example, you may need to hire the right person to do your site, or your e-commerce back-end. Sure, you can do as many responsibilities as you can–but only if you are good at them. Anything else you can’t do because you lack the expertise is better off in the hands of somebody more capable.
Get the right papers ironed out. For starters you are required to get an ABN. This is not optional, all Australian businesses are required to get 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. The required online business capital 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 a lot of work, but if you have a product that solves problems and you believe in it, there’s a good chance you will succeed.