About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
Business At A Glance
Community Website
Startup Costs: $2,000 - $10,000
About
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? Yes
Bring your local flavor to the web for all to see.
Business Overview
Not all small business owners and professionals have the time, ability or inclination to build, maintain and regularly update a website. But at the same time many would still like to have some sort of presence on the web. Therein lies the opportunity for internet-savvy entrepreneurs: Develop, maintain and market a community-based website, featuring local news and information, as well as participating businesses and professionals. Each business that joins would receive one or more web pages within the site to advertise, promote and even sell their products and services, along with a web address extension, private e-mail, and a host of additional web and commerce features. Think of it as a bricks-and-mortar mall, but in virtual space. You can charge each participating business a monthly fee membership that includes fixed services, and additional fees for premium services such as content updating and web tools specific to that business. Promote the community web site locally with fliers, print advertisements in newspapers and with the use of advertising specialties. Offer clients a noncompetition clause to entice them to join. This means one car dealer, one roofer, one clothing retailer, one chiropractor and so on. Community websites are truly a win-win-win situation. Participating businesses win by getting a fully functioning and regularly updated site for a fraction of what it would cost individually. Community residents win by getting news and information specific to their area, along with convenient online access to products and services offered by community businesses. And you win by building a successful and profitable business.
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About Startup Costs
The startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.
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