ORIGINAL: matt 1bHow does that work please?
Didnt mean that mate, what I mean was that you could re-sell a service of another company under a "white label" on your own website. Iv been into this kind thing for the last year or so you see.
Right not wanting to go into details of my own ventre but I will do a case study situation for you!
First you would need something to sell or re-sell as the case may be..
Communications is always a good industry. Its always growing the only problem being is its always getting cheaper and is very competetive. So maybe you resell mobile phone contracts via a reseller agreement. Basics of the agreement will vary dependent on the supplier but it could be you get a fixed fee per contract sold or you could take a percentage of the the monthly bill. This could prove very fruitfull if you got 1000 clients paying Â£15 per month
then you would want to bring in other products to sell as add ons to the contracts etc you could then expand into home phones, broadband, digital tv etc etc
Write a business breif/business plan and plan financials with an accountant
Form a Ltd Company via on online forming agent (thats another idea, you could re-sell Ltd company forming etc loads of options
Use a virtual Office company like www.londonpresence.com
for your registered office so you have a nice central london busiess address for your website, you can use them for mail forwarding to your house and telephone answering so there is always someone on hand to take calls and you can create a good image from inception.
Open Company bank account and get credit cards etc
Open an merchant account to take payment via the interent i use streamline but there are pleanty out there, the main thing is to get a company that will give you a 2day turn around, some companies want a 30day retention period for new business and this really kills cash flow big time. e.g. client pays on a monday via your interface you want the cash in your account wednesday not next month!
Register for VAT with HMRC do this straight away dont wait
Base to work from like your house to start off with
Build a good website, this is key!!!!!!!!!! I ****e website can really affect sales. My first site was rushed and was crap and soon as I lauched the new site and made no other changes sales almost doubled
A purely online business must view the website as its shop front and you really want to create a good impression form the outset as normally u will be paying for virtually all traffic to your site 1st of all and you want conversions.
Costs will be
comapny mobile phone?
Advertising (online, business publications, flyers etc)
Virtual office fees
Merchant fees(but the good thing with this one, the higher the monthly fee the more money you must be taking
10k pm would cost about Â£150)
Set up fees
Made it sound easy? Its not lol, the biggest problem will but the under-estimation of set up costs and daily running cost of the business. Far far to many people in my expirence spend far to much money on advertsing first of all without any idea of its effectivness. Yes to a degree some of it will be guess work but some times the simple v low cost ideas work well. e.g when I first started I couldnt afford to have a stand at a trade show but that didnt stop me handing out flyers outside. They cost Â£150 to print and then my time to hand them out. The beauty was I only needed 2 clients got make a profit
and I bet I wouldnt have made that much more cash had I been inside paying 5k for a stand!
What im really trying to say is plan,plan,plan for every eventuality. Underestimate profit and over estimate costs
Hmmmmmmmm dont want to walk you all the way but thats the basic frame work you need buddy.
Any questions just ask
Ps anyone reading this its just a basic plan I have put 2gether in 10mins so no slating please.
post edited by matt 1b - 2007/06/15 17:01:31