Thousands of people starts their company online. Commitment, motivation and enthusiasm are essential to make it work. But the most essential, is proper planning and getting things right.
We help to set up your company online. But below are some important steps to start an online company or business.
1. Registering a Company/Business Name:
Registering a name is the first step for your online company. You need to choose it wisely. An ACN/ABN will be given to you after that. You can check companies house for names to see if its available.
2. Registering a Proper Domain Name:
It is very crucial to register a proper domain name as it will be the online identity of your company. It should be the name of your company. Sometimes when registering a domain name its important to think about a keyword. We talk about this more on our page about setting up a website.
3. Creating an Account in the Bank
Creating a bank account is a must for online businesses to accept Money Orders/Cheque, Credit Card payments and Direct Deposits. You will need some identification forms such as Passport, Bills, Drivers License etc. and also your ACN/ABN. Banks can also offer you keyman insurance and indemnity insurance to cover the loan. This is essentual, especially if you are looking to take out a business loan to start your company. But dont just take a quote from a bank as they can be quite expensive. Try a whole of market broker for key man insurance.
4. Creating a PayPal Account:
Most of the buyers on the net use PayPal as payment option, so it is important to setup an account on PayPal. You can open a paypal account at www.paypal.com. This is especially important if you are looking to set up and online business.
5. Choosing a shipping service:
A lot of shipping services are available: DHL, FedEx, Australia Post, Australian Air Express, TNT, Toll IPEC, Couriers Please, Star Track Express etc and it’s up to you to use one.
6. Registering Shopping Comparison Website:
Many shopping comparison sites are available online to advertise products. Some of them are: Myshopping.com.au, Shopping.com & Getprice.com.au. But of course you can look at companies like www.ebay.com or www.amazon.co.uk. These are great places to sell products and start making money straight away. In the mean time work on your own website to get things going.