I found your article to be very interesting and informative. I actually found it through your review of Kidazzler. I did become a member of Kidazzler (at the recommendation of someone on a business support group of which I am a member). I have not, however, given them any financial information yet as I have been trying to find more information on the company.
Warrior Forum WSO’s – This is the only option on the list I will actually tell you to stay away from. Warrior Forum WSO’s are almost always a rip-off and no amount of them will adequately teach you how to truly build a real online business. This forum community is owned by Freelancer.com and they will allow just about anyone to sell just about anything. The majority of them are very cheap, but once you give them your email address, get ready to be spammed. They also almost always include “upsells” where the initial product may only cost a few bucks, but all the other products they sell you within the first product costs substantially more. I could write all day about why you should never purchase a Warrior Forum WSO, but if you want to learn more, you can read my article about Warrior Forum WSO’s here.
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But there are problems with the domain specific email address. For some reason I can only receive emails. If I try to send or reply it gets caught in a perpetual loop and never gets sent. Technical support says it doesn’t see the problem. But their tests only use local servers which are not filtered thru a network. Will moving the domain to a different webhost fix this problem? I can’t be sure, but I need to look for a solution somewhere.
If you do decide to promote Wealthy Affiliate, there are additional perks. For example, anyone who sells 299 subscriptions from January to December gets invited to the Wealthy Affiliate Super Affiliate Conference. There is no way to get into this conference unless you make 299 sales. Absolutely everything is paid for from the flight to the hotel room to entertainment and AMAZING food. Here’s a quick video I made showing some of the highlights.
Note that this is all from the default setup – Wix has a new product called “Wix Code” – my take on that product is beyond the scope of this review. My disadvantages listed below are from the perspective of a small business owner who is looking to use Wix and might one day call someone like me or a developer friend to help with website marketing or development.
The biggest reason I love recommending Wealthy Affiliate to new affiliate marketers is because it literally provides EVERYTHING you will ever need. You don’t need to buy a domain name in one place then get hosting in another place while you sign up for training at yet another place. Everything you need is in one spot, for one consistent monthly cost. Plus, they don’t just provide the tools, but they give step-by-step training instructions on how to use all the tools properly. If you still don’t understand something, just ask the community or go into live chat, and you could get an answer in literally seconds.
Path #1: To build an authority site in a specific niche. Basically, you are building an entire online business from scratch, so you’ll learn a lot about Internet Marketing, and why people will take action on the products you promote. However, this path is long and tough, and a lot of people quit because they didn’t see the results that they want, even though they have put in a lot of effort for months. If you choose this path, you will not expect to see any results in the first 3 – 6 months, and you have to put in a lot of effort to it. The financial risk is not that much, but the time and effort will be wasted if you give up.
Unfortunately, I am not acquainted with Indian Tax law, so I am not able to advice you on this. But, I would presume that if you earn income from affiliate marketing, your profit from the business will be tax under your personal income. That is unless you create a company to run the operation, then it will be subject to corporate tax, and the dividends receive from the company will be subject to your local personal tax.
To get your e-commerce business up and running, all you need is a web hosting service with an integrated shopping cart feature or e-commerce software. To simplify the shipping process, you can work with vendors to ship products to customers on your behalf. This can reduce the amount of inventory you need to keep onsite. [Related: A Small Business Guide to E-Commerce Shipping]