Sellr Blog

Budgeting Your Business

By Adam  |  25 Apr 2016 12:00:00

Starting an eCommerce business can be a good way for you to make a bit of money - some people even go on to use it as their sole source of income. However, one thing you need to keep in mind before you get things started is that you're going to need to plan your budget in advance. If you end up pouring too much money into something before it's making anything back, you might just end up out of pocket and then the business may well be doomed to fail. In today's blog post, I would like to talk about planning a good budget for your business.

 

You basically just need to be sure that you've considered everything that you're going to have to spend money on. Think of literally everything: money lost by not working (if you cut down your regular job for this), how much you can afford to spend on it, the cost of fuel (if you ever need to travel for it), the cost of keeping a domain, the cost of your site, any office space you may use, any computer equipment you buy to manage the website and so on. Once you’ve been going a while, you also need to estimate how much you’re going to earn each month. It's easy to overlook some things, so make sure you're thorough as you go over it! You might think you're doing very well, but actually you've been losing money through something you've failed to consider.

 

At Sellr we appreciate the fact that new business ventures are always risky affairs and that's why we offer our Sellr FREE package which allows you to create an eCommerce website without spending a thing. You don't know how things are going to go when you do something like this, so you don't want to be spending loads on a website before you know that it's going to make you loads of money in return! You can use Sellr FREE for as long as you like and it's the perfect opportunity for you to experiment and to ensure that you've got a good idea on your hands. So if you have thought about starting an eCommerce website, then sign up to Sellr now and get started for no cost at all!

 

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Angus
Sellr Marketing Expert
Adam
Sellr Content Expert
Simon
Ecommerce Expert
James
Email Marketing Wizard
Georgina
Equestrian Specialist
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