Need help starting up. Im on a tight shoe-string. poor credit from yrs ago. Can anyone help?

Question

I have an ambition and drive to design and set up an ecommerce website and build a future with a residual income. I have spent 4 years learning and researching however, my main obstacle, well, only one, is money. i work full time but due to poor credit rating from mistakes made years ago, i am unable to get any help towards setting it up. I can provide proofs of income and also show further what i am aiming to do and build. I would be grateful to anyone who can point me in the right direction please. i dont even need alot to get set up but its ensuring running costs for those first few months it will take to establish my store. Look forward to hearing from you.

regards

c.riding

32 minutes ago - 3 days left to answer.

Additional Details

21 minutes ago

i have been down the road of ebay and lets just say, i had so much trouble with hackers but also, i found the traffic not that effective when having a shop. Also, i spent more than made and i have since learned alot from mistakes made etc etc, i am quite good and enjoy making websites and researching and i have taken my time in choosing the right company/wholesaler/dropship with which to start me off in my shop.

i have found the perfect host but my problem is, on a shoe string basically, i live on my own, pay full rent and get no help - my wages vary month to month depending on bonuses, commision and sundays we work - i dont have no savings and am unable to put money aside each month becuase of my outgoings -i manage them but i dont have much to put towards the starting up costs until sales start coming

Answer 1

Contact your local Business Link for free help and advice on starting up.  They have a range of expertise, including setting up web-based businesses.

Without knowing exactly how you've set up your site, it's difficult to comment on your costs.  We use a domain and hosting company that charges £30 plus VAT for your first year's domain name and hosting, add on top of that a shopping cart that costs £99.99 plus VAT for a year for up to 500 products and Paypal as the payment gateway.  You don't pay them anything until you have a sale, when they take 5% of the total received.

If you're a web-based business, there's not a lot else you need to start with.  There are many ways to promote your site for free on the web - Googlebase and BT Tradespace are a couple - and even off-line, provided you've a story to tell you can get some good free PR.

Scrape together what money you can and get your business off the ground and use the free help that Business Link provides.

Good luck!

Answer 2

years of bad credit drop off you credit report at 7-10 yrs so they will not affect you. if you have no money for start up and bad credit, forget the idea.....or get two jobs and save the money.