23 February, 2013, 13:03 PM
Keeping Your Online Business Profitable
Unfortunately I bought relatively expensive web hosting in anticipation of demand for my business idea. But now I find that my outgoing expenses exceed that of my web income. So I don't actually have a viable business model right now.
I suspect that many other people are in this situation, funding it (hobby) via other sources.
So I plan to eliminate unused expenses such as mail list provider, extra ip addresses, unused domain names, and use one low cost hosting account to make sure that my expenses are always below the incoming revenue.
It's basic business sense to cut out what is not profitable, and to ensure that input is more than output in money flow.
Then, when the business is once again profitable, build it up!
23 February, 2013, 15:35 PM
There you go!
Business 101....always look at the expense of running your company, your store. Then cut where possible.
I am in that weird position (retired) where I can not earn above a certain level, for tax purposes and two other items I can't go into.
So I really do not get excited about trying to make money.
Just enough really to pay my hosting.
Thus I do not push like mad to get advertisers, sales of whatever affiliates are on my blogs, etc.
And no sites that are nothing but product sites.
Just my three blogs (actually, if I can not sell off the domain name shortly, a fourth blog).
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