It is important to understand what are the fixed cost associated with an online business. The following are an example of cost breakdown for an small-medium scale online business for your reference,
Setting up
Hardware, backup, setting up servers (RM20k)
Trademarks and copyright (RM10k)
System development (RM800k)
Monthly operation
Co-location, email hosting, domain name (RM2k)
Customer support, 24×7 (RM10k)
System maintenance (RM5k)
SSL certificate (RM50)
Monthly marketing budget
Online & offline campaigns (RM5k)
Wow! Fixed cost amounts to at least RM852,050.00 !!
Kinda demotivated me a lil bit on trying to start my own Online Business.. But.. hey.. If we dun try..w e won’t know whether we will succeed or not right?
Ganbatte !! to myself and to pin :)