guest started this topic @ 19:53 on 14/02/2003
I have a review/opinion-based website that I started as a hobby about a year ago. Since then, the site has grown from strength the strength. As the site was originally started as a way of getting into web development, I didn't really expect it to get popular but it has.
The costs of running the site have increased due to the need to move to a dedicated server and outsourcing graphics work to someone else. I have also started offering prizes to members (Amazon vouchers and the like) which has started to bring in new members.
In terms of income, as of the start of this year, I have registered with a number of affiliate schemes and advertising agencies providing banner ads, and offered advertising to a number of small sites, but have made no more than £100 so far (apart from a recent £500 prize from a top internet mag).
I am currently in full-time employment and am wondering whether I should start a business as a sole trader. I don't know hom much money the site will make as I don't sell a product or service as such.
What should I do?!!
RE: Hobby starting to make money
guest | 16/02/2003 11:25 AM
Hi,
Is it possible we can view your website?
Thanks..
RE: Hobby starting to make money
guest | 16/02/2003 04:06 PM
Why don't you try to get your website visitors to donate small amounts to keep your site going...?
You can try to look at Paypal.com and nochex.com for this
Also,I strongly recommend that you set up a Ltd company so at least, if you loose too much money, your own personnel assets are distinct from the company's !
Good luck!
Thierry
RE: Hobby starting to make money
guest | 16/02/2003 04:16 PM
A Ltd company is relatively easy to set up - and you can earn £10,000 profits without paying tax.
It adds to your credibility too - this may be important.
I too would be interested to see your site
Best of luck!
Victoria
[:p]
RE: Hobby starting to make money
james | 16/02/2003 06:54 PM
Thanks for the feedback. You can view the site by clicking the link in my profile. Thanks again.
RE: Hobby starting to make money
chris-osl | 16/02/2003 07:05 PM
What an interesting site, James.
I especially liked:
http://www.u-rate-it.com/DisplayComments.php?reviewId=10956&itemId=10991
though I disagree with (9) - as to be expected!
------------------------
chris
www.oxford-conferences.com
RE: Hobby starting to make money
james | 16/02/2003 07:08 PM
Ha ha! I see what you mean!