eCommerce Tycoon

#1 (permalink)

Ok, I know nothing.
What do i do?

Are there any legal issues that need to be considered, if I was to start a website that you could upload your templates to and sell them through my website, what would i need to do?

I read another post that mentioned tax, do i need to consider this?
Also do i need to register the site as a business or something ('cause I guess this is kind of a business)?

Seriously, starting from nothing, I dont know anything at all. What do i need to know.

Thanks in advance.

P.S just to specifiy, im in the UK so laws, although similar, may be slightly different.

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#2 (permalink)

If you're in the UK you'll need to abide by the UK laws that cover commerce. http://www.businesslink.gov.uk has a good guide to all this.

As a UK citizen you are liable for tax on all income. If you already have a job you'll need to declare any income from your site on your tax return. You don't have to register yourself as a business but I'd suggest you contact your local tax office to clarify things tax wise.

You've got two ways - first you can learn to build web sites your self, this will obviously take time to learn but you;'ll gain a lot of new skills. Second you can use a web designer to build the site for you so all you have to do is manage it.

#3 (permalink)

Will you have percentage of the sales?

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#4 (permalink)

First, like any business, establish your market.
Who is your market? how big is your market? What is the revenue potential of the market? Who are the competitors in the market? How will you compete?
How will you be better than the competition? Pay special attention to this one because, you stated that you know nothing. Your competition knows a lot, they have experience.

Study up on your copyright law. You need to ensure that people posting templates actually own the rights to them.

Depending on where you live/conduct business, most likely, yes. Find the nearest SBA (small business administration) office and get some free advice.

Depends on the laws where you live, see above answer
You need to seriously consider why you want to start a business in a field where you know nothing, the market is tight, and the competition is fierce/experienced/knowledgeable.
Why not start a business in a field where you do have some knowledge and experience, where there is less competition, and more revenue?

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#5 (permalink)

good replies, thank you all.

@willcode4beer thanks alot, been really busy, this project has taken a lower priority on my to-do list as its something i know realise will take a lot of time, not only effort which i had already accounted for, however i have found someone who may help me when i do come to making it.

thanks again everybody.

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