Internet Business Basics Begin With Continuity Products

The single most important principle to understand when you start an internet business is the idea of a continuity product. These are products that pay you month after month, even after the initial purchase. The best way to do this set up a continuity product is to offer a free trial period with the purchase, and then charge automatically every 30 days. They offer you the chance to to master internet business basics.Internet Business Basics – The Rationale Behind Continuity ProductsSo here is why you must have continuity products. It evens out the spikes. What do I mean by that? A lot of times when you are selling products like I was, you would have this big spike. Maybe you make $10K in a week. And then a couple weeks go by or a month, and then you have another big sale. And then months go by and you have another big sale. So you have this spike in your income, which is no fun at all.But if you have continuity, then you have this big spike cause you have this big launch, and then you have continuity income. Now they are paying you monthly after the spike. Then you have another big spike, now it is monthly. And then another big spike, and so on. Instead of having this see-saw income, you actually have this income that just rises and rises. Because continuity products even out those spikes.You also develop long term relationships with your customers. It is no fun selling something to somebody and then months later going back and trying to make another sale. Because there has not been a relationship established, they usually answer, “No.”Put them into your continuity, and all of a sudden you have this continuing dialogue with them because you are meeting with them every month.Internet Business Basics – Continuity Product ModelsModel #1: Monthly audio club is one of my favorites. I might say, “Buy my $37 e-book, and get 30 days free in my family business audio club.” Very simple and a great way to start an online business.So where do you get the audio? Well, a lot of you have your own audio. Maybe other people interviewing you. You interviewing others. Private label rights audio. This is very easy. There is even some software you can use that will burn it to a CD, put a label on the CD, put it in a DVD case for you, put the overwrap on the DVD case, put an insert inside for other marketing materials, and shrink wrap the whole thing for just $1.75 each. Let me repeat that. That is $1.75 each. You cannot even hardly buy the raw materials for that.
And it looks slick. It looks really nice. It is shrink wrapped, and it is ready to mail to your customers. It is about as easy as it gets. Imagine 500 people paying you $20 a month. That is $10,000 a month just from a monthly audio club.Model #2: A membership site. It is usually a password protected site.Model #3: A monthly call because your customers want more of you and your expertise. It is not that hard to get on the phone once a month or do a webinar once a month for your people. Or monthly videos. You can find lots of those on YouTube.What does all this mean for you? Well, it is residual income. It is like rental income without the renters. That is as simple as it gets.Internet Business Basics – Choose Appealing TopicsSo, what topic should I choose? Well, what topics work well with an internet business? With information marketing? Practically anything, but always try to use one of these angles: information that will make someone money, information that will save someone money, information that will save someone time, information that will save someone pain. (And that can be emotional, financial, or physical pain.) And information that will make someone feel better about themselves.Let me illustrate what I mean. What if I showed somebody how to save $1500 a year on their car insurance for $27? Would that be an easy trade? Oh yeah. What if I showed somebody how to save 30 hours of working on some kind of software program, or doing something. What if I showed you how to take away that chronic back pain for $27? Would you pay $27 to get rid of chronic back pain, to get rid of arthritis, to get rid of financial pain or even emotional pain? So that is what you are looking for when you are looking for a topic to work or an angle for a topic. I really believe that almost every topic can include one of these four or five angles here.So what would your angle be? Think it through and begin working on your continuity products. They are the basic building blocks of any internet business.

How Do I Register a Business in Singapore

Most entrepreneurs, when they opt for a Singapore business registration, start a private limited company. However, depending on your business needs, the risk involved, and the liability you are ready to commit to, you can also use other business structures.

Choose the Right Legal Structure

In addition to a private limited company, you can also form your business as a Sole Proprietorship or Limited Liability Partnership (LLP). You need to be careful here, as your choice can impact your liability and tax amount. It can also affect a business’ tax amount, branding, credibility, and fundraising ability.

Singapore government helps new businesses in their initial days. The government offers them various grants and tax incentive and help them take roots. The low corporate tax rate lowers their overhead costs. This support gives them a breathing space to find a foothold or a niche to cling to.

You can claim these benefits for your business only if it is a locally registered private limited company. You also need to maintain their management in Singapore.

How to Register a Private Limited Company

You need to apply to the Company Registrar of Singapore to register your company. A government agency named Accounting and Corporate Regulatory Authority (ACRA) acts in this capacity.

For your Singapore business registration, a company or a business firm like a sole proprietorship or an LLP, you need to apply to ACRA. If you are a foreigner, you can appoint a Singapore business registration services provider to take care of the task.

The process for Singapore company registration is streamlined and has only two procedures.

Get company name approved from ACRA
Apply to ACRA for your company registration
1# Get Company Name Approved from ACRA

You need to choose a unique, meaningful, and decent company name. It will improve the chance of getting it approved by the ACRA. If you have appointed an agent to form your business, send them a list of 3-7 company names.

Their experts will check the names for availability on the ACRA’s website. They will register the available company name by paying an official fee of S$15.

2# Apply for Singapore Company Registration

ACRA acts as the Company Registrar of Singapore. And you need to apply to ACRA to register your business. You must submit all incorporation and KYC documents along with your application. You also must pay an official fee of S$300 in processing fee.

ACRA may take 1-3 days to process your application. After the successful Singapore business registration, ACRA sends you an email. You can use it as an Incorporation Certificate in Singapore. It contains details of your newly registered company like; Unique Entity Number (UEN), business profile, Etc.

If ACRA forwards your application to a Ministry, it may delay the approval by up to 2 months.

Pre-Incorporation Requirements

Before you decide to initiate the Singapore business registration process, you must fulfill a few of the pre-incorporation criteria. They are as listed below:

Company Shareholders

You need at least one shareholder to start your private limited company. It can have up to 50 shareholders. A shareholder in a company can also be its director.

An individual, a company, or a trust can be a shareholder in a Singapore company. If you are the sole foreign shareholder, then Singapore allows you 100% shareholding in your company.

Local or Resident Director

You need to appoint at least one resident director who is ordinarily a resident of Singapore. You can appoint a Singaporean citizen, permanent resident, or an entrepreneur or employment pass holder.

You must also see that the appointee is over 18 years of age and is not bankrupt or has a criminal history.

Company Secretary

As per the Company Act, you must appoint at least one company secretary within six months of the formation of your company. You need to select a qualified and experienced individual who knows the Company’s Law and is ordinarily a resident of Singapore.

You can appoint a Singaporean or permanent resident or a holder of employment, entrepreneur, S, or a dependent pass. A sole director of a company cannot be its company secretary.

Minimum Initial Paid-Up Capital

You need S$1 in the minimum initial paid-up capital for your Singapore business registration. You can increase the company’s capital at any point in time after the formation of your company.

Local Registered Address

You must provide a registered physical address in Singapore for your company office. It has to be an address of a residential or commercial place. P.O. box address is not valid.

Simplify Your Singapore Business Registration

Many local business owners appoint a Singapore business registration services provider for the task. Many a time, they choose a registered filing agent.

These agents are authorized to interact with government agencies, submit documents, and pay the official charges. They have incorporation experts to advise you on your business formation and simplify it.

If you do not have a local director, your provider can arrange a nominee director. You can also pay these firms for a local registered address or a company secretary. They may also assist you in opening a corporate bank account for your new company.

Singapore is a great business hub to start your new business. It ranks in 2nd place for the ‘Ease of Doing Business.’ It is the reason why Singapore business registration is popular. It is a fast process, and you need only 1-3 days to form a new business in Singapore.

Starting a New Business – Compelling Tips on Launching a New Business

Here are some tips for those people who would like to start their new business:

1. Check on your competitors. It is not enough that you know the needs and demands of your potential clients. It’s not also enough that you are confident that you can meet these needs. If you want to increase your chances of making a sale, you need to understand what your competitors are doing. You will need to outplay these people so you can keep your potential buyers from purchasing from them.

2. Hard work and determination. Putting up a small business can be really overwhelming and at times, downright frustrating. You will need to work hard and you will need a truck load of determination to succeed in this field.

3. Hire the best people. Keep in mind that your employees are the secrets to your business’ success. So, hire only the best. Go with those individuals who are driven, result-oriented, and easy to work with. Its better if the people you are hire have in-depth knowledge about your products and about the business that you would like to put up.

4. Be willing to invest for your advertising cost. Spending your precious dimes on your advertising campaign is probably your wisest investment in growing your business. Through this, you’ll be able to promote product awareness and you can easily reach out to those people who are most likely to buy from you. This can lead to enormous sales leads and increased revenue.

5. Offer 100% satisfaction. Having a great reputation in your chosen niche is the key to attract more customers. Make sure that your clients have nothing but good things to say about you and your products.