There are so many benefits that you could get when you start your business online. Some of them are, you could reach a wider market worldwide, you don’t have to worry about office supplies since you work from home, and you could minimize the expenses to build a new office.

For some people who don’t know about how to build a website, they choose to trust other people to build it for them. In short, they hire a web designer to create a great website for them. The web designer, especially the professional one, often understands about your needs. They only need to know in what purpose you want to create the website.

If you want to build it for your small business, they could create a website that feels professional and fits with your target market. If you want t a personal yet professional look, they will make it looks friendly. Getting a website from the web designer often leads you to purchase the complete package. Web designer often will offer you a complete package for your business website, including the web template, web hosting, and a domain name. This will make you easier to get all you want in one spot.

Before you choose to buy the complete package from your web designer, you need to watch out for several things first. Ask them where is the URL of the web hosting and the domain name provider that you want to purchase in the package. Spend some of your time to read the offers in those websites, and find out whether it matches with your needs or not. Several things that you should look out for are the uptime, bandwidth, and disk space.

Uptime will show you about how long your website could be accessed by other people. You need to shot for at least 90% to 99.99% uptime for this. The higher the number, the longer time for your website to be accessed by visitor without getting the server crash problem. Bandwidth will show you the amount of website or files that being accessed in or out from your website.

For startup business, you need to get at least 5GB bandwidth to make sure more people could accessed your website before you run out of bandwidth. Disk space itself will be used as your website storage. Either you want to put your website pages, files, videos or anything, you will put it in here. Getting 1GB of disk space is a minimum requirement for your small business.

If you don’t know how to choose the best web hosting packages that contain web hosting plan, template, and a domain name in the same place, you could ask the package from your web designer. He will gladly show you which web hosting that is better for your small business website.

i) Competitive factor
We do not have control over what our business competitors setting the price for their product or service, they may sell cheaper than you with the same quantity, more expensive than you or even same price as you can provide.

In most of the industries, the price range are usually falls in a certain range among the market players, it is hard for the companies to undercut each other significantly. As a home based business owner, you could probably charge lower than your competitors just because you have a lower overhead cost.

ii) Demand factor
If the product or service that you provide is with high demand, you probably could save much of your marketing and advertising bucks, you can charge your customer at premium price and you can probably do not need to give a discount. On the other hand, if you are selling a low demand product or service, you might have to lower the price to capture more market share. However, no matter how low is the price you can set, there is a bottom line where you meet the breakeven, so know your price before you start selling.

iii) Economic factor
If the economy is strong, then the consumer has more cash on hand to spend which could keep the product’s price stable. If the economy is down, the product’s price is usually lower where the business owner have to capture as much sell as possible from the customer with limited cash on hand. If it is foreseen that the economy is going downturn, do not ever try to launch a luxury product or service, because the consumer will rather keep the cash on hand or to spend it on the basic needs than to purchase a high end luxury product.