How much are we prepared to spend on our online business?
Hey everyone, how much are we prepared to spend on our online business, in a traditional business we plan to spend thousands, because that is what the business needs. Even if we dont have the money we go and find it because we must get this business off the ground. Have to buy stock eg if its clothing store we got to get the clothing, we have to pay rent. We have to do advertising in order to get our customers to come in our store. If we dont have the startup cost we borrow it from the bank or someone. We do our research if we dont have enough knowledge about what we are going into, we go and get trained.
Then what about our online business, we often dont want to spend a dime, trying to start free. Should we also have a startup cost? How do we plan to get our customers online -traffic that's what it is called. Think about it friends.