How To Start An Internet Business And What You Need To Know

Every day, the number of internet users in the world increases and more and more aspects of peoples daily lives are conducted online. Starting an internet business can therefore be a worthy enterprise due to the scope and variety of opportunity available online. This article will take you through some of the key consideration when starting an online business

Domain Name Registration

To start any web site, you need to choose a domain name. In business, it is best to choose and register a domain name that is both easy to remember of descriptive of what your business entails. It should also serve your purposes for a long period of time. Although registering your own domain requires spending some money, it is worth having your own domain name and according e-mail addresses as it looks far more professional. Having your own domain name also advertises your product or service, especially since search engines use the keywords in your domain name in their rankings.

Reliable Web Hosting

Choosing a reliable company to host your web site is important. A good company offers a range of packages to business sites so that as your business grows, you can continue to upgrade your web hosting package. Key considerations when choosing a package include the following: Disk space – the amount of space you have to store your files online. 25-50MB is a good start, as a 50 page website uses only 2.4 MB of disk space. Bandwidth and file transfer limits – the more visitors you have, the more bandwidth you need. 2GB should be enough to start. Email accounts – you can organize your emails better with several accounts.

Website Templates or Website Design

Setting up a website can cost varying amounts, depending on whether you choose to build it yourself or hire a web designer. Whatever you choose, keeping the site simple is advised, and make sure you update the content on your site often to that the business remains current. Providing contact details and a human touch is also suggested. You should also make the site accessible and easy to navigate.

Content Creation & Website Structure

The content of your web site refers to its online text. This can be broken down into primary pages and information pages. Primary pages include the sites core site map, FAQ, contact details, about us etc. Base this content around a list of keywords, and write the content clearly and concisely. Information pages support the primary pages by answering questions and explaining the merchandise. These pages really promote your site and should be easily convertible into articles, for example, a review of your service or product. To find relevant keywords to include in your text, conduct keyword research and review the results keywords with less than 1000 searches per month make for the best topic inclusions as competitions for rankings under these keywords will be lower than it will be for more popular keywords.

Link Building & Search Engine Optimisation

SEO stands for Search Engine Optimization. This is a key consideration in today’s online business environment as SEO improves the ranking and visibility of web sites in search engines. The site will receive more visitors and generate more income if SEO practices are used. To optimize your web site for search engines, you should consider editing its content, editing the HTML and the relevant coding that increases the connection to certain keywords. Another SEO method involves increasing the number of backlinks and inbound links on the site. The internet is a limitless tool, so harness the business potential it provides by taking your business online and into the future. These are some of the things you need to consider before you can start your business.

Are You Eligible For Tax Deductions With A Home Based Business

Just as a regular brick and mortar business gets tax deductions, home-based businesses are also eligible for certain tax deductions that can help save some money. It is important to find out, as to which expenses can be deducted, in order to get the most out of it. Here are some tax deductions that you can claim, when running your home-based business.

Traveling Expenses: If you travel by air for any business related to work, then you should definitely save your tickets or receipts, by claiming those expenses as tax deductions. If you are using your car for your business needs, then you can also deduct those expenses, including your fuel bills, repair bills, insurance and loan repayments. You will also need to maintain a mileage log of your car. These expenses will, however be permissible only when you use your car for business purposes only and not for your personal purposes. Even if you travel out of town for your business, then you can still deduct your hotel room and meal expenses. However, if you take your family along, then you will only be able to claim for yourself and not for your family. If you take any business associate to lunch or dinner, then these too can be claimed, provided you have saved your restaurant bills.

Telephone Expenses: In order to avoid confusion, while filing your taxes, it is better to install a separate phone line in your home or purchase a separate mobile phone that caters only to your business. You can then claim these phone bills as tax deductions.

Home Mortgage Interest: You can also deduct the corresponding amount of your home mortgage interest that you are currently using as your home-based office. The space utilized by your office will be compared with the total size of your home and the corresponding percentage will be allowed as a deduction. However, your office space should be dedicated only for office use, otherwise you will only be allowed a partial deduction.

Business Supplies And Equipment: If you are using a computer or a copier for your business, then you can also claim such expenses as deductions. Accounting software packages, anti-virus programs or any other computer programs along with recurring expenses, such as computer stationary, postage or other expenses can also be included in tax deductions. If you are using an Internet service, then you can also claim these expenses as tax deductions. Make a point to save all the invoices related to your supplies and expenses, in order to legitimize your claims.

Insurance Premiums: You can also deduct your health insurance premiums, if you are running your home business on a sole proprietorship basis. However, you will not be allowed to do the same for your family members, unless they are also employed in your business. You can also deduct half the amount of your personal social security payments.

It would be better, if you just save all the bills and receipts of all your expenses incurred in your home based business and submit them to your tax consultant, who can then sort them and claim them under the correct deduction heading. You should not have any problems with the tax authorities, if your tax deductions are genuine and you have the necessary bills to back your claims.