Earning Online

Posted by shush

October 12, 2013

In any country, it is required for anyone going into business to first procure or get the necessary licenses to start one. This involves among other things:
- valid identification cards
- a certain amount of capital to pay for the following:

fare for transportation expenses in getting the licenses
fees for the licenses needed
notarial fees
bank fees
a certain amount for a checking account
rental fees
equipment
furniture
some staff’s salaries
office supplies
utilities
miscellaneous expenses

However, I think this is only for brick and mortar businesses. Which means,

businesses that really has an office space or store space that people can go to and visit and buy things from.

There is no trial period.
There is no,
“Let’s see if we can sell something first, then if we have a small customer base and some money to prove it would work, then we could pay for all those fees needed to run a legitimate business.”

I could say it would be worth taking the risk in paying these fees if you have a traditional business. Because there you could physically approach people and really sell them something.

Sadly, it seems there is no provision for Internet-based businesses.
On the internet, you could put up a blog like this one, and wait for months before anyone would get to buy anything you sell on your blog.

Usually, blogs make a sale through affiliate ads or selling advertising space, much like ours.

Affiliate ads are those ads you click on at a website that lets you learn more about a product or even gets you to buy a product at a different website.

Selling advertising space is paying the blogger to display your graphic ad on their blog.

There is no hard and fast rule on when you would earn from a blog.
If you would venture into an online store, there is also no hard and fast rule on when you would earn from it.

On the Internet, you could spend a whole lot of money for months before you could actually earn anything.

So if you want to run a legitimate online business, be ready to spend a lot for the business licenses and the online expenses for many months’ (and possibly even years for worst case scenarios) before you earn anything.

It would be nice though if some new regulations could be made for Internet-based businesses that would allow people willing to venture into online businesses for a certain number of months with a free conditional business license.
A free conditional business that would expire a month or two after the online business earns a certain amount of minimum income.

Because for a legitimate online business in our country, it would cost at least PhP6,000 for licenses alone. Followed by the cost of creating and maintaining an online business. Then the regular filing of paperwork required from legitimate businesses which also costs something. Including the raised eyebrows and incessant questioning of “why doesn’t your online business still don’t have any income?”

Our country isn’t very prepared in adapting and formulating new regulations for new venues for business like the Internet. I’m not expecting there would much change in my lifetime.

Business, Computers, Money, Streetwise

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