Business Management
Below are links to articles posted in Business Management.
On Website Valuation
I think, perhaps, people in the know about websites really have a golden opportunity in current times to buy good assets for cheap.
I invest a lot in real estate, and of course in websites, and I see a lot of parallels. They are both properties that can provide almost completely passive income.
Where they [...]
Qualified vs. Non-qualified credit card transactions
When you are a merchant who processes credit cards, especially card-not-present transactions (ie, over the Internet or phone) you will typically run into two rates on your statement. You will have a discount rate for qualified transactions, and you will have a discount rate for non-qualified transactions.
Typically the discount rate for qualified transactions is the [...]
An Experiment in One-Product Ecommerce
I just finished a new ecommerce site, Organic Compost Tumbler, that sells just one product. This type of ecommerce site has unique concerns not found in other ecommerce sites, but just because you are only selling one product does not mean you can’t be successful.
The biggest factor in one-product ecommerce I believe is item quality. [...]
Get it in Writing
One of the happiest days for a website publisher is when a buyout offer comes. Even if you do not accept it, even if it is far lower than what you would sell the site for, it is nice to know that others do value your site. However, before answering any purchase proposal, ask [...]
Work on (not in) your business.
It’s time to stop working.
I was having a discussion the other day with a colleague — someone in the website publishing business. He said his projected income for this year is around $50-$60k and we were debating over the point in his business in which he should begin outsourcing the majority of work. [...]
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