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BizNiz 101's  LOW COST BUSINESS START-UP 

 

1. Get Legal

True Entrepreneurs want to start smart by selecting the proper type of business structure. Decide on a business name and then if you are  interested in incorporating or forming an LLC, BizFilings can professionally form corporations and LLCs in all 50 states fast. Protect your personal assets and gain tax advantages by incorporating online. Their rush services make it possible to file in as little as 24 hours with No Legal Fees. Remember if you can't afford to register as a corporation, you can start out as a Sole Proprietorship and change the business structure at a later date.

 

2. Get a Federal Tax Identification Number

You will need a federal employers tax identification number from the IRS. You can apply online and it’s free. It’s not hard and you’ll need it for your business bank accounts, business transactions and tax filings.

 

3. Open a Business Bank Account

Open a business bank account online with  (WAMU).  Start with as little as $1.00.  Washington Mutual Bank offers totally free checking accounts unlike most banks that charge fees for deposits, withdrawals and service charges.  Free checking is a plus for most company's that need to watch every penney.  You can open your account now with Washington Mutual Bank by clicking on the WAMU promotion on the right. For those of you in ChexSystems, please visit our Get Out of ChexSystem section.

 

 

4. Get a Website and Logo

A professional and distinctive website is a must.  The Internet is an important way to market your products and services. As a business owner, it is essential to understand the benefits of marketing on the Internet and the income that can be generated from having a good website.

 

Start by registering your domain name and at the same time sign up for web hosting service through MicroSoft Office Live Small Business. MicroSoft offers free domain name registration and one year free web hosting service.  For those on a tight budget,  this is a great deal offered by a reputable company.  MicroSoft even has an easy to use web design tool that allows you to build the site yourself.  Other web hosting companies that are also very good include:

 

  •  ProStores which is an eBay company offers 
  •  BlueHost provides a  

  •  Host Gator allows you to

  •  Host Monster provides

 

Building  a website is just the first step.  Consider incorporating a logo design into your website and marketing materials along with a catchy slogan.  My Custom Logo provides professional quality inexpensive logo designs.  You can browse through their catalog of logo designs to get an idea for your own logo design. 

 

5.  Open and eBay account

Open and eBay account today. It's FREE!    Why?   Over $120 million is earned on eBay each day.  Get your piece of the eBay pie.  Download our book, Secret to Selling Millions on eBay.  This book is a must if you are planning on selling successfully on eBay.  Not only will you be able to sell your products on eBay, but you will be able to drive traffic to your website.

 

6.  Open a PayPal Merchant Account

Next, open a PayPal verified business account.  When you signup for a PayPal verified business account, you can start accepting credit card payments instantly. As the world's number one online payment service, PayPal is the fastest way to open your doors to over 150 million member accounts worldwide.  Best of all, it's completely free to sign up!  PayPal is the 800lb Gorilla when it comes to accepting online payments. 

 

 

7. Telephone Answering Service and Fax:

A telephone answering service will round out everything. If you're doing business from home this is especially important. Now that you have a professional company image the last thing you want to do is blow it. Imagine a customer calling and your son answers the phone and yells: “Mom some guy is on the phone for you!” and then places the phone down so the customer can listen to your TV playing in the background. All your hard work to establish a professional company image has just gone up in smoke. This could have all been avoided if you had a good answering service. The best is an answering service that maintains a professional image, gives you the option to answer the phone as well as the ability to send calls to your voice mail. The best one we have found is GotVMail.  You can start with their basic plan and then upgrade if you need to. All their plans come with a virtual fax which allows you to send and receive faxes. GotVMail makes your company look like a Fortune 500 company.  Just click on the link provided above to learn more. 

 

8.  Office Space

Finding affordable office space is always a challenge.  Whether you just need a small office space, a conference room, or a mailing address, Regus provides you with ready to use furnished offices, conference rooms, and prime local business address for receiving mail. There are still other options for finding that perfect office space which are discussed in The Business Bible.   

 

9.  Order New Business Card

Even if you already have a business card it may be a good idea to update your card to include e-mail, website address, and logo. You may be just starting your company, transitioned your business, or have an eBay business either way there is a good chance your card needs updating.  We suggest taking a look at VistaPrint for free to low cost business cards.  BizNiz 101 has arranged a deal with VistaPrint to get its members  . This is for a limited time but you must click on the link provided above to get the deal.

 

 

Now, that you have organized your business and got your website up and running, it's time to start earning money.  Visit BizNiz 101's Business Opportunities and Marketing section and don't forget to order your copy of The Business Bible.