Over the last five weeks I have been working diligently at identifying a niche product that I can build a website around to start making money. I am excited to say that I have got my product, and will soon have my website set up. But first let me mention some behind the scenes legal and financial stuff that I have accomplished.
I now am a business owner. Well, that's what I call it since I set up a limited liability company (LLC) to protect my personal property from lawsuits. I officially own DMSM Enterprises, LLC, which cost me $110 online to set up. I also applied to the IRS for an employer identification number (EIN), even though my LLC will be a disregarded entity in Virginia where I live, and all income will be taxed to me as an individual. I will be the only employee at the outset, but hopefully that will change down the road when my business gets rolling.
A few days ago I set up a Paypal business account, and yesterday I applied for a business credit card from Bank of America to be able to track all of my expenses and income separately from my personal expenses and income. I have also learned how to create Paypal buttons to add to my website and blogs so that I can start trying to earn some income. I know it will be slow going at first, but I can be patient when I know that good things await.
Through my course that I am taking with Paramount Concepts, I signed up for an account with GoGoDropship.com. They will help me identify suppliers for products as I continue to grow my business. They also have set me up to attend a conference in Las Vegas in June. I only have to get there, and they will pay for my conference fee and hotel room. I am excited about learning the marketing techniques that will help me to push my website to the front page of Google!
So, are you ready to learn what product I will be selling on my website? Stay tuned for my next posting, when I will reveal the secret!
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You already have a product to sell. Soon you’ll have your own business website, and completed all legal action for your business - These are great strides to progress. Congratulations! It’s not easy to get through all of these, and it’s a relief that you finally have all the things you needed for your business to grow. Now all you have to do is attend the conference in Las Vegas to learn more things in strategizing good marketing techniques. Enjoy!
ReplyDeleteDionne
Thank you for the encouragement, Dionne. I have run into some snags since this March posting, but I am weathering the storm. I have yet to launch my website, but it is nearing completion. I am also looking forward to the Las Vegas conference later this month. I can't wait to become a "real" business woman!
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteIt’s good to see that everything is progressing well in your business. Now that you finally have a product to sell, you can work full-time on completing the website. And when everything is done, you’re really good to go. Good luck!
ReplyDeleteClint Shaff @ Franchise Match
Starting up a business requires hard work and a lot of your time. You need to identify what product or service to sell, think of your marketing strategy, and so on. It's great that you managed to accomplish it all successfully. Now you can move on to other important things like building campaigns, and updating your website with the latest events with regard to your business. Take care!
ReplyDeleteJanice Greene @ New England Impact