I decided to create this post for everyone that's trying to start any business with less than $50 dollars. When starting a business you may not be sure where to start or the terms that come along with starting your business, I'm here to help with that.
- Business Name
- Legal Structure
- IRS - EIN
- Wholesale | Sales Tax Permit
- Accepting Payments
- Social Media
Business Name think about your brand and brainstorm on a piece of paper. Every name that comes to mind write it down on a piece of paper. Next you want to Trademark your Business Name and or Reserve it. Look into this process, I may warn you that this process is a little more expensive. If you do it yourself it's a lot cheaper if you do it with a lawyer it's expensive. But at the moment you do not need to Trademark your name at the early stage of starting your business. I highly recommend when you confirm your business name do a Google Search to make sure it's not taken.
Logo for your brand/business identity get set up with a Logo, so when people see that image they know it's you. Get creative on how you market your logo. I can help you out with that at Cotton Tips Online, I ensure that your brand identity shines through in your logo. Each graphic design is a perfect emblem to represent your business.
Whether you are a new brand looking to establish its market or an existing one, we ensure that your uniqueness and individuality is celebrated in your business logo, Book Design, Social Media Designs, and much more.
We know the significance of having a custom logo design as we know it is the single most important entity that serves as a foundation for a powerful brand. We have created thousands of brands across the world for businesses, startups, bloggers, entrepreneurs, and celebrities.
Plan a lot of people call this a Business Plan. When starting to build a brand or a business is planning whatever it is you want to do from A-Z with a plan. I highly recommend you checking out my Business Plan EBook.
Cotton Tips Online Business Plan shares a step-by-step fill in the blank $0.99 Guide to creating a successful business plan. Many people believe a business plan is a pointless waste of time and that it'll sit and collect dust. I totally disagree! A business plan sole purpose is to give you a visual outline of your business. With this easy to follow guide you will discover why a business plan is so important. You'll receive step by step guidance for creating each section for your plan. Its very simple and gets everything out of the way for you.
Legal Structure is known as The Business Structure. I highly recommend going with the Sole Proprietor, that's the one with the less amount of headache. If you might have a few friends with you that serious than set up a Partnership. A sole proprietor is the way to go and it is free, you want to keep in mind. Just look up your secretary state website to check, I believe the Corporation is $400 dollars which will put you way over the $50 dollars on starting your business.
When selecting the sole proprietor you're the owner, so you have you decide on your company name, for example in my case it is Anthony Cotton Jr the owner doing business as Cotton Tips Online in the same similar matter your going to want to do that. Your Full Name then your Brand/Company Name Doing Business AS DBA To register your name it is $20 dollars, you're pretty much registering it with your state/county, stated that you're doing business at this address with this Brand/Company Name. This step allows you to put your brand name on legal paperwork.
IRS EIN Number, you want to file a EIN # it's a Employer Identification Number, similar to a social security number for your business, This is free, with this step you're able to collect a wholesale sale tax and open up Checking, Savings Account for your Business.
Wholesale Sales Tax you can buy a lot of bulk items without paying any taxes. If you decide to do this the cost is $15 dollars. With a EIN and a DBA you're able to open up a business account
Accounting Payment you can use square or paypal. Very convenient and low fees when starting a business. Very cool when selling at schools and events. Setting those payment account up steps is free.
Website is one that you have to budget for. If you really want to get your hands dirty you can build your website yourself for free just pay their monthly fees. To name a few DIY websites theirs WordPress, Weebly and WIX. If you want to hand if off to me i’ll be glad to bring you extraditionary value to building your website. Contact me I’m the best in the game in South Florida.
First thing you want to do is purchase your Domain Name, this is $10 dollars. I have a video here on How to Buy a Domain Name in 3 minutes.
you're growing, adding services, or want to improve your existing platform. In the hopes of having your logo, SEO, website created, or redesigned then you're on the right page! We will create an integrated website building off of your busines. You, With Your Own Website
- How Does That Sound? Pretty cool huh, Get Started Today.
Shipping is the best way to get your product across the world. UPS is highly recommended their rates are affordable and they want to work with you. .
Social Media you have Facebook, Youtube, Pinterest, Instagram, Twitter, Tumblr, take advantage on all of them, put your footprint out there your company information some of your work, if you can't be found you don't exist.
Thanks guys I left a link here for you on Instagram Hacks hope this helps and wish you the best of luck!
Anthony Cotton Jr