E-commerce site funding?

Discussion in 'Website Development & Design' started by Dean-123, Jul 9, 2008.

  1. Dean-123

    Dean-123
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    Hi people, I have been running my own business in my hometown and I’m wishing to offer my services to a wider range of customers, so I decided to get a domain, a server and some IT staff to run an online Business. I have spent some money at the moment and I read on several sites that big businesses spend money by the million! I wonder if I also have to spend this amount of money for a site with some e-commerce tools, member base and some news like myTino for example. Thanks for your feedback.
     
  2. Fergal

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    Obviously it can help if you have a large budget to launch your business. However, all businesses start somewhere and it is indeed possible to build a large successful business by starting with a very low budget.

    What type of business do you own?

    What country are you located in?

    Do you have any specific markets that you wish to target?

    Obviously it's OK if you wish to keep some of this info confidential, however if you give a little more info you will get more helpful replies.
     
  3. CLSbrunette

    CLSbrunette
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    Before launching a business whether that would be online or offline, it's neat that you do first a feasibility study to figure out if it's viable or if it works with your target market.
     
  4. Dean-123

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    Well, I am a 34 year old IT Developer and run a medium business in Miami and outsources 80% of my projects. My main focus area is database and dynamic functions for websites. Now I want to expand my business and it is essential to set up a website and also employ a staff. But it costs, so I am looking for some cheaper way. I have connected with myTino, it's a good outsource flat website and I used it before to outsource my work. But this time, I need a staff and the freelancers there are chinese. I am afraid I can not control them well and we also have some communication problem. But the price there really attracts me. So what should I do.
     
  5. Nazreen

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    I think that there are quite a few freelancer websites today. One such website is getafreelancer.com. I think that most of the freelancers there are from India so language should not be a problem. You can also try them if you like. By the way, what kind of staff are you looking for Dean? Is it an admin, IT or support staff?
     
  6. johnaydan

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    Awesome thread, wonderful info, thanks a tonne for sharing...
     
  7. Fergal

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    Freelancing Sites

    Dean, have you considered using sites like http://www.rentacoder.com or http://www.elance.com ?

    You might also consider looking for outsourced staff on some of the large webmaster forums such as;

    http://forums.digitalpoint.com
    http://www.sitepoint.com
    http://www.namepros.com
    http://www.dnforum.com
    http://www.webhostingtalk.com
    and our very own http://www.hostbidder.com

    You might also consider the Partners & Market Place section right here on Business Advice Forum.

    When outsourcing projects it is very important that you can manage and control the staff successfully. You need to communicate clearly with them from the outset, to ensure that they are perfectly clear as to the results you require.

    You might also consider setting time schedules for the project and having some type of penalty clause if your staff don't meet the agreed deadlines.

    Good luck with it and please keep us updated as to how you are getting on.
     
  8. Dean-123

    Dean-123
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    Thanks Fergal, your info is really useful.
     
  9. Fergal

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    You're welcome Dean, I'm glad you found it of some help. Please reply in the future to give us a quick update on your progress.
     
  10. Dean-123

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    i'll discuss the suggestion with my partner

    thank you for your all's advice,they'er helpful!:)
     
  11. ritajones56

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    Just drawing from my experience with my Web site, you do need to spend a decent amount of money to really get your business going and running strong in addition to the free stuff you can do, but you definitely don't need a million dollar budget to make millions.
     

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