Sunday, October 23, 2016

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It is cheaper to start a web firm today If you are thinking of launching an Internet start up, you don`t even need initial capital to get going. What you need is a unique and clear idea of how to improve an essential service. Today cost technology is so low that it`s cheaper to launch an Internet venture than any other business. Think of creating an internet utility that people will use every day to save money, save time, make a living, or reduce effort. If you get it right, your customers will find you via word-of-mouth. For such a utility service, the cost of acquiring and serviceing every new customer tends to be zero, while the marginal revenue per unit remains constant. As your customer base grows, so do your profits. As long as your profits are greater than your fixed costs, you can keep building you team and keep growing. If your are sustainable and hit upon a growth formula that can help you dominate the market, then you don`t under-fund your venture for the sake of bootstrapping. This is the precise moment when outside capital works becomes your best friend, other than lady luck, of course. Regards. 20161023.

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