Office Space Expenses

$0

$7,000

Training & Education Expenses

$0

$1,000

Software Expenses

$0

$594

Advertising & Marketing Costs

$0

$2,750

Website Costs

$13

$215

Specific Industry Expenses

$0

$100

Total Startup Costs

$13

$11,659

WPX

wpx.net

10,233

Business Queensland

business.qld.gov.au

45,983

Florida Institute of Technology

fit.edu

47,464

IMT Ghaziabad

imt.edu

57,511

devry.edu

devry.edu

57,880

Stevens Institute of Technology

stevens.edu

59,109

Bluetooth Technology

bluetooth.com

72,264

YSU

ysu.edu

75,830

SBIR.gov

sbir.gov

78,237

Farmingdale State College

farmingdale.edu

93,820

Jomo Kenyatta University of Agriculture and Technology -

jkuat.ac.ke

111,037

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Little startup costs required

The cost to start a technology related website business costs significantly less money than most businesses, ranging anywhere from 12 to 11,659.

Rewarding work

Starting a technology related website business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Traffic to your website

A technology related website business gives people a reason to visit your website and to keep coming back to you!

Crowded Space

Competition is high when it comes to your technology related website business , so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Constant maintenance of publication

You may find yourself constantly needing to update your technology related website business in order to stay relevant for your audience and for those searching on google.

Lack of benefits

With a technology related website business , you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a technology related website business , you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a technology related website business , you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

No safety net

Typically, as a technology related website business , you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.