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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