Archive

Posts Tagged ‘wholesale’

Which business idea should I pick?

April 20th, 2011 2 comments

FAQ about reselling hosting:

I would like to start an online company. My goal is to eventually make six or more figures a year. I have two ideas, 1 being a interactive type of site, and 2 being a standard online business. I’m not sure which one is profitable.

1. A website where people can siign up for free and sell, list, buy, trade, and auction off their websites and or domain names. Users would be charged a small fee to post a listing. They could then post info and photos of their site and people can buy the site for a buy now price, or get entered into an auction. I would have account ratings and telephone verification to help with security. There is already a site called flippa.com that does everything I just mentioned. The reason why people don’t like flippa is because the listing fee is to high. If I can lower th fee, and implement a marketing plan, I will have success. Flippa makes 4-5k a day just from advertisiments on their site. There are currently pre made scripts available for this type of site, and they only cost . The problem is, it is not a professional site, and I’m worried about bugs with the script. If I wanted to make this site, should I buy the pre made scripts, have an elance person build an okay site for 00, or hire a web design firm to build a top notch site for 10k? I am a teen, so my startup cash is limited.

Pros- limited competition, huge potential
Cons- huge startup
2. I would start a web hosting company by reselling web hosting plans. I would join a companies reseller program, and create a website and promote hosting plans. The company keeps the wholesale cost, and I keep the markup. So if it’s 40 a year and I mark up to 65 a year, I keep 25 a year for that customer. It is recurring income. If I get a modest 2 people per day, I would have 730 clients by the end of the year. That means for the next year, I am making 18k from the people from the first year, while also gaining new clients. So every year, assuming that the client still is hosting with us, I am getting an additional 18k. So I’m making tons of money for years to come. I have heard of host gator and resellers panel which I think has good reseller plans. Resellerspanel has great profits and you get unlimited domains, a website to promote your company, 24/7/365 support, and marketing tools. Resellerspanel does not use cpanel though. They have their own site builder and control panel system which is a problem for clients who want or need cpanel. Host gator costs more than resellers panel, does not host as much space, but does come with cpanel. Would you recommend I use resellers panel, or any other hosting company.

Pros- super low startup costs, just need to promote, work any hours
Cons- a lot of competition, but hey, if you attract people to your site first and they like your plans, you get their sale.

Which idea is more profitable. Do you think any could make me six or more figures a year? Thanks.

Read more…

Which business idea should I pick?

April 19th, 2011 1 comment

FAQ about reselling hosting:

I would like to start an online company. My goal is to eventually make six or more figures a year. I have two ideas, 1 being a interactive type of site, and 2 being a standard online business. I’m not sure which one is profitable.

1. A website where people can siign up for free and sell, list, buy, trade, and auction off their websites and or domain names. Users would be charged a small fee to post a listing. They could then post info and photos of their site and people can buy the site for a buy now price, or get entered into an auction. I would have account ratings and telephone verification to help with security. There is already a site called flippa.com that does everything I just mentioned. The reason why people don’t like flippa is because the listing fee is to high. If I can lower th fee, and implement a marketing plan, I will have success. Flippa makes 4-5k a day just from advertisiments on their site. There are currently pre made scripts available for this type of site, and they only cost . The problem is, it is not a professional site, and I’m worried about bugs with the script. If I wanted to make this site, should I buy the pre made scripts, have an elance person build an okay site for 00, or hire a web design firm to build a top notch site for 10k? I am a teen, so my startup cash is limited.

Pros- limited competition, huge potential
Cons- huge startup
2. I would start a web hosting company by reselling web hosting plans. I would join a companies reseller program, and create a website and promote hosting plans. The company keeps the wholesale cost, and I keep the markup. So if it’s 40 a year and I mark up to 65 a year, I keep 25 a year for that customer. It is recurring income. If I get a modest 2 people per day, I would have 730 clients by the end of the year. That means for the next year, I am making 18k from the people from the first year, while also gaining new clients. So every year, assuming that the client still is hosting with us, I am getting an additional 18k. So I’m making tons of money for years to come. I have heard of host gator and resellers panel which I think has good reseller plans. Resellerspanel has great profits and you get unlimited domains, a website to promote your company, 24/7/365 support, and marketing tools. Resellerspanel does not use cpanel though. They have their own site builder and control panel system which is a problem for clients who want or need cpanel. Host gator costs more than resellers panel, does not host as much space, but does come with cpanel. Would you recommend I use resellers panel, or any other hosting company.

Pros- super low startup costs, just need to promote, work any hours
Cons- a lot of competition, but hey, if you attract people to your site first and they like your plans, you get their sale.

Which idea is more profitable. Do you think any could make me six or more figures a year? Thanks.

Read more…

Do I need a business license to sell online?

April 19th, 2011 2 comments

Query on reselling hosting: I own a website (www.harborco.net) in Michigan, I have no store front, it’s completely online. I sell outright from orders online and through mail order catalog. I also have people that host home parties, and now I am getting into selling wholesale to people that buy in bulk to resell. I was wondering if i need any kind of license to do this? I have no employees if that helps. Also, do I need to be adding tax to any of my products? I was sure that no special certification was needed to online stores but I just want to be safe! Thanks a bunch. and hey, if you get bored…ceck us out :)
just so everyone knows, this is not alcohol. I am a seller of home products, by wholesale I mean that people are buying the products from me in bulk at a discount so they may resell them.

Read more…

Which business idea should I pick?

March 17th, 2011 1 comment

Query on reselling hosting: I would like to start an online company. My goal is to eventually make six or more figures a year. I have two ideas, 1 being a interactive type of site, and 2 being a standard online business. I’m not sure which one is profitable.

1. A website where people can siign up for free and sell, list, buy, trade, and auction off their websites and or domain names. Users would be charged a small fee to post a listing. They could then post info and photos of their site and people can buy the site for a buy now price, or get entered into an auction. I would have account ratings and telephone verification to help with security. There is already a site called flippa.com that does everything I just mentioned. The reason why people don’t like flippa is because the listing fee is to high. If I can lower th fee, and implement a marketing plan, I will have success. Flippa makes 4-5k a day just from advertisiments on their site. There are currently pre made scripts available for this type of site, and they only cost . The problem is, it is not a professional site, and I’m worried about bugs with the script. If I wanted to make this site, should I buy the pre made scripts, have an elance person build an okay site for 00, or hire a web design firm to build a top notch site for 10k? I am a teen, so my startup cash is limited.

Pros- limited competition, huge potential
Cons- huge startup
2. I would start a web hosting company by reselling web hosting plans. I would join a companies reseller program, and create a website and promote hosting plans. The company keeps the wholesale cost, and I keep the markup. So if it’s 40 a year and I mark up to 65 a year, I keep 25 a year for that customer. It is recurring income. If I get a modest 2 people per day, I would have 730 clients by the end of the year. That means for the next year, I am making 18k from the people from the first year, while also gaining new clients. So every year, assuming that the client still is hosting with us, I am getting an additional 18k. So I’m making tons of money for years to come. I have heard of host gator and resellers panel which I think has good reseller plans. Resellerspanel has great profits and you get unlimited domains, a website to promote your company, 24/7/365 support, and marketing tools. Resellerspanel does not use cpanel though. They have their own site builder and control panel system which is a problem for clients who want or need cpanel. Host gator costs more than resellers panel, does not host as much space, but does come with cpanel. Would you recommend I use resellers panel, or any other hosting company.

Pros- super low startup costs, just need to promote, work any hours
Cons- a lot of competition, but hey, if you attract people to your site first and they like your plans, you get their sale.

Which idea is more profitable. Do you think any could make me six or more figures a year? Thanks.

Read more…

Which company idea should I pick?

March 16th, 2011 1 comment

Query on reselling hosting: I would like to start an online company. My goal is to eventually make six or more figures a year. I have two ideas, 1 being a interactive type of site, and 2 being a standard online business. I’m not sure which one is profitable.

1. A website where people can siign up for free and sell, list, buy, trade, and auction off their websites and or domain names. Users would be charged a small fee to post a listing. They could then post info and photos of their site and people can buy the site for a buy now price, or get entered into an auction. I would have account ratings and telephone verification to help with security. There is already a site called flippa.com that does everything I just mentioned. The reason why people don’t like flippa is because the listing fee is to high. If I can lower th fee, and implement a marketing plan, I will have success. Flippa makes 4-5k a day just from advertisiments on their site. There are currently pre made scripts available for this type of site, and they only cost . The problem is, it is not a professional site, and I’m worried about bugs with the script. If I wanted to make this site, should I buy the pre made scripts, have an elance person build an okay site for 00, or hire a web design firm to build a top notch site for 10k? I am a teen, so my startup cash is limited.

Pros- limited competition, huge potential
Cons- huge startup
2. I would start a web hosting company by reselling web hosting plans. I would join a companies reseller program, and create a website and promote hosting plans. The company keeps the wholesale cost, and I keep the markup. So if it’s 40 a year and I mark up to 65 a year, I keep 25 a year for that customer. It is recurring income. If I get a modest 2 people per day, I would have 730 clients by the end of the year. That means for the next year, I am making 18k from the people from the first year, while also gaining new clients. So every year, assuming that the client still is hosting with us, I am getting an additional 18k. So I’m making tons of money for years to come. I have heard of host gator and resellers panel which I think has good reseller plans. Resellerspanel has great profits and you get unlimited domains, a website to promote your company, 24/7/365 support, and marketing tools. Resellerspanel does not use cpanel though. They have their own site builder and control panel system which is a problem for clients who want or need cpanel. Host gator costs more than resellers panel, does not host as much space, but does come with cpanel. Would you recommend I use resellers panel, or any other hosting company.

Pros- super low startup costs, just need to promote, work any hours
Cons- a lot of competition, but hey, if you attract people to your site first and they like your plans, you get their sale.

Which idea is more profitable. Do you think any could make me six or more figures a year? Thanks.

Read more…