Today’s Episode, Episode #4, is part 2 of the 10-part series, “The Amazing FBA Startup System”.
This was originally going to be a 5-Part series, then I expanded it to 7 parts. But to avoid mind-blowingly long and detailed episodes, I’ve decided to split up the whole area of Sourcing products from China (coming up in Parts 4-7). Hence the 10 resulting episodes.
In this episode is where we move on from the Research phase beloved of wantrepreneurs to actually making some early commitments by registering a company, and an internet domain.
Glossary of Technical Terms used in Podcast:
Domain name – a particular web address, e.g., www.mikescookware.com.
Web hosting – this is where a company like bluehost will store your website on their computers. I use bluehost.com.
Content Management System (CMS) – this is basically a place where you can manage your website and edit it, like I’m doing right now, typing in this text and formatting it, or uploading photos etc. The most standard one for most blogs is WordPress, which is what I use.
HMRC – Her Majesty’s Revenue & Customs, i.e., the Inland Revenue aka the UK Tax Office
Tools and resources mentioned in the Podcast:
Trademark check in USA: USPTO (United States Patent and Trademark Office)
Domain availability check: www.123-reg.co.uk. I advise against using 123-reg to actually register a domain. Do it when you also set up webhosting with bluehost. com. Just use this as a check.
Registering a company in England/Wales: www.companiesmadesimple.com
Opening a Bank account:
Just use the Companies Made Simple deal with HSBC.
Or do as I do and use Metrobank. They have various options; I opted for the “Online Business Plus” account, which costs £10 a month basic fee. This allows you to do various useful things for the Amazon business, including most importantly, make international payments.
Avoid Santander Business Bank at all costs!
Setting up a Website:
Domain name purchase, web hosting, Content Management System (CMS)
Domain name purchase – Various websites will offer these, eg, godaddy.com. I prefer to have a one-stop shop so I use bluehost.com for both domain name buying and web hosting.
A .com domain for a year should cost you around $12.
Web hosting– loads of options. Bluehost seems good. I’ve used them for setting up probably 10 websites over the past 5 years. I moved to site5.com for my hosting and regretted it, not because they don’t do this hosting job well, but because it is harder to do other things. Bluehost has excellent how-to video guides too.
www.wix.com – pros: very easy to set up, easy to edit, easy to look pretty. Integrates domain name registration, hosting and CMS. Free.
Cons: not very customisable. Not as standard if you want to hire a techie to edit in future.
www.weebly.com – pros: very easy to set up, easy to edit, easy to look pretty. Integrates domain name registration, hosting and CMS.
Cons: not very customisable. Not as standard if you want to hire a techie to edit in future. Email is set up via gmail. While gmail is excellent, I had massive trouble trying to get email working for a site I set up with weebly. In fact 3 months on, I haven’t solved it. Avoid for this reason.
www.bluehost.com – Pros: very standard for any techie you use now or in future. Integrates domain name registration, hosting and CMS.You can do a one-click WordPress install via the Control Panel. Easy and quick to set up email addresses (very important).
Cons: Not as easy to set up as weebly or wix. Not as easy to customise layout. Costs $3.95 a month for hosting (small potatoes in my book but maybe you are on a super-tight budget)
fiverr.com – I’ve used this to get some product research done on amazon.co.uk to save myself hours of tedium. I’ve since started using Jungle Scout for this as they now cover the UK too.
Basically, people offer “Gigs” of specific services and you can choose between them. It is therefore the simplest of all outsourcing sites that I’ve come across, and normally the cheapest. As the name implies, costs a mere 5 dollars, although you may need more add-on services to make something useable in real life. Still generally very good value.
There are tons of web designers and other techie people here, although I confess I have yet to use their services.
www.upwork.com – this used to be elance.com and odesk.com, which have become united into this one site.
Elance was a famous site and well regarded; assuming that Upwork has taken on the best of this old site, it should be good. Probably slightly more expensive than fiverr.com. I confess I have not used this yet.
http://www.peopleperhour.com – similar in essence to Upwork. Again, it’s been in business for several years and has a good reputation. I confess I’ve not used this either yet.
The Amazing FBA Startup System
To catch the next Episodes in the 10 part “Amazing FBA Startup System”, subscribe to the podcast – here are the instructions on how to do that:
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Watch How to Protect Yourself, and Get taken seriously by Chinese Suppliers
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