Small Online Business Advice and Tools
The goal of Hoopes Financial is to provide the knowledge and tools necessary to be successful online to the individual looking to start a new business online or take their business online. We make starting an online business successful by mentoring you through the entire process, and make it affordable by providing the tools necessary to have an online business. You end up paying a fraction of what it costs to have these same tools yourself and in the right situation, we'll provide everything with no upfront cost.
Why are you interested in Starting an Internet Business?
The key to financial success is having discretionary income. When you take in more money each month than you owe, it provides freedom. You have the freedom to waste it on useless purchases and you also have the freedom to save that money for another time or invest that money so that it can grow into more money.
One of the best ways to produce discretionary income is to have your own side business. The problem with most businesses is that they can cost a great deal of money to get started and keep going. Internet businesses can be one of the least expensive types of businesses to own if you have the right tools and right direction. Our job is to provide you the tools, help you develop a plan, and work directly with you to execute the plan so that you are never wasting your time or money doing things that won't provide any future value. While internet businesses are one of the least expensive types of businesses to own, even they can cost thousands of dollars to start and hundreds to thousands of dollars as a minimum each month to keep going. However, the cost can be negligible and the returns unlimited if it is done properly. If you are interested in starting a small business online, call Justin at 435-760-7744 and get the tools to do it right.
What makes Hoopes Financial Different?
Hoopes Financial started as an online business. Our first business venture was Sweetly You. An online Bath and Body company, as the company flourished, we expanded further to acquire an online shoe store, that we quickly turned into an online network of smaller e-commerce store. Since then, Hoopes Financial has focused on helping others get their business ideas, and more specifically stores online. We started at ground zero and have experienced everything a businessman getting started will experience and we know the entire process from beginning to end and know it can be successful. Looking back, my greatest wish is if I had someone I could turn to as I went through the process to encourage me when I was doing it right, correct me when I was doing it wrong, and hopefully have saved me from tens of thousands lost the first couple years. While we build a different model for each business, all of our models are designed with the person just starting out in mind. These models require no inventory, no upfront cost, and little risk. If you put in the time to follow the plan, they will be profitable, allowing you to learn the business and have a successful site that you can sell and move on or keep and grow further.
However, we offer far more than just knowing what to do, we have also spent THOUSANDS of dollars, and continue to spend thousands of dollars acquiring the tools necessary to make a business run right. When you start a business alone, these are all things you have to acquire for yourself, but with us, we share our tools so that they don't become your expense, keeping your total investment in a startup business much less. Click Here to learn about the tools and find out the costs.
What are the costs associated with using the Internet Business Assistance Program?
Hoopes Financial focuses on helping those just starting out. Most of our clients to date have had little more than the willingness to learn and work hard. However, we have found that the amount of success a person experiences tends to be proportionate with the amount they invest, even when all are given the same tools and help. This speaks to motivation and the entrepreneur personality. As such, we've all but stopped our percent ownership plan (where we charge no monthly fee but take a percentage of sales), though this is still available to the right client (someone who wants to start a business, has time during the day without other obligations and will not depend on the business for their livelihood). Instead, we offer our services a la carte as well as in three investment levels shown on our pricing page. In summary, if you just want advice, it is around $50 per month; if you want us to provide you with the hosting, the store, and the SEO tools, it is $150 per month; and if you want us to help with the work (do the SEO on the site) or have you work under our license, do your taxes, etc, it goes up from there.
What would it cost to start a business on my own?
The cost of running a business varies dramatically by what you are doing. Let me break down what we pay currently for ONE business we own in the following series.
Basic Business Startup Expenses:
- Register Business Entity with State, get Federal Tax ID# from IRS, and register DBA - $75 One time and $20 each year thereafer.
- Acquire Local Business License - $150 First Year, $75 each year thereafter.
- Business Tax Filing - $250 each year.
- Business Phone Line with 1-800 number - $130 each month.
- 24-hour answering service - $120 each month.
- Small Business Office - $500 monthly (including utilities).
- Basic Credit card processing - $40 monthly
- SSL certificate for site necessary to perform Credit card processing - $75 annually
- Trademark registration and defense - $2000 once.
Internet Expenses:
- Acquiring a Domain Name - $15 each year
- Monthly Hosting - $350 each month (you can get hosting for less but not all hosting is ideal for e-commerce, you want fixed IP address, unlimited e-mail, unlimited inodes, and fast speeds. We have a top of the line dedicated server so that our clients receive unlimited hosting. If you go alone and are successful, you will ultimately end up on your own server anyway.
- E-commerce Package - $2000 plus $800 annually thereafer (the programming of your site is critical to getting traffic, internet security is critical, basic packages are complicated for beginners to run and have security risks. also, even I don't understand 90% of the programming in the package so you need to maintain support in order to ensure your site is functioning.
- Bare minimum DIY marketing - $50 each month.
- Additional SEO that we pay for - $1000 each month.
- FTP software - $30 once
- e-mail marketing software - $450 once
- photo adjustment software - $35 once
- Rank tracking software - $100 once
- Article Marketing Software - $150 once
Value that can not be purchased:
- Having a plan and knowing what to do from the beginning - Priceless
- Experience starting a business - Priceless
- Experience running a business - Priceless
- Experience doing internet marketing - Priceless
- Hundreds of links to your site upon startup (from our network of good PR domains) - Priceless
What can I expect to make in my online business?
Do not expect to make anything. Unmet expectations are the easiest way to become disenchanted and stop working. Also, do not plan on needing your income. I believe the primary reason most small businesses fail is because people begin to rely upon the income, at which point they stagnate their growth. Plan to be consistent with the work and you can expect to see sales. However much you make is that much more you can invest in the future. You should see consistent earnings in 6 months to 1 year, depending on how proactive you are and what it is you are trying to create. For example, if you are introducing a new brand to the market, it takes less time to start getting sales because no one knows your brand, but there is more long term potential when people begin to recognize your brand. If you are simply selling another brand, it is easy to start getting sales quickly because people are already searching for what you have, but your potential is limited because there are many other people doing the same thing. Every project is so varied in nature and scope that there is no way to make general predictions. Even though we work by a monthly fee, we're only interested in working with people who can consistent commit time with the reward being future income. In total I make well over $100 per hour through my other work and investments, I don't charge a paltry $50 per month to consult to make loads of money, I do it because I want to see people succeed and if I think your time would be better spent in a different way, I'll let you know. Remember, we're investing a lot of time in you!
What do I need to commit to be a part of your program?
It depends on the project. As a general rule we don't take clients into the two basic programs that can not commit at least 10 hours a week consistently. You should also have good writing skills. Words are the content of the internet. You need to be able to write, type, and be internet literate. We can build a business around your skills and time, but we don't have the time do everything for you. We're here to enable you. If you lack time, but still want to do something, the trade off is money. We can build the business for you, but charge more for doing the extra work to keep your business consistently moving forward. It is a good situation for the person who has little time and is willing to treat the business more as an investment.
Is the Assistance Program a good value?
The only time I have seen failure in my clients is when they don't do any work. Every business that follows the plan enjoys success. For example, in the $150 plan, the most a person could put out in one year is $1800 dollars. A very small investment to have a small business. Then all sales in the first year would offset this investment, plus, if by the end of your first year you are making just $100 per month, that translates into a company that is worth $4800 (companies typically sale for between 3 and 4 times your annual earnings (36 to 48 times monthly earning) and we build less time intensive business models that are consequently worth closer to 4. With the right tools and support, this is less than $400 per month in sales or about 4 to 6 sales a month, which is very doable. The last shoe store we started had 20 sales the first month at an average ticket of $95 a sale. We can guarantee increased rankings online and we can guarantee that your store will get sales if you follow the plan, but we stop short of guaranteeing your investment. Instead, if you cannot risk losing $1800, you are not yet ready for the world of business, that fear likely hides a deeper paralysis keeping you from success.
How did we get started with our first internet home business?
We have had an incredibly successful run with my internet business and it all started in 2007. I was half way through a doctoral program studying virology and immunology. I came to understand the immense limitation of time. We only have a fixed number of hours in a day to do work and the only way to do that is to leverage that time by having multiple streams of income. I knew that I would get paid well as a Ph.D. Scientist, but that I would continually have to work the rest of my life if I wanted to expect the income to remain.
My original plan was to buy an already established small business, but quickly realized that was not a possibility. I already did not have enough time to go to school, have a full time job, and have another small business. I concluded that the only type of business I could have was an internet business. One that did not absolutely require my time all the time. I could build it with the time that I could dedicate. At that point I started looking at the various work at home internet businesses that were for sale but quickly learned that banks would not lend on any internet home business. Internet based business may generate profits and have great cash flow, but they don't have assets that can be seized if you default on your loan. Therefore, to start, I was left unable to seize any of the internet business opportunities that were before me.
I concluded that I would need to start by building my own internet based business. Unfortunately, I had no knowledge about the internet. I had no clue what HTML code was or any other internet programming, but I started learning and doing. Meanwhile, my wife and I kicked around internet business ideas and finally settled on one. We concluded that the best home based internet business for us to start with was a unique bath and body concept that we both really loved. We then started our internet home based business, Sweetly You Bath and Body Company based on a very simple low cost manufacturing and production model. We began marketing this business April 2009 and August 2010 we were ranked #4 on google for our primary keyword (Bath and Body). With the monumental success of our brand name, we expanded our online presence by finding an already established internet based business opportunity in the Shoe Annex. This business was poorly run when we acquired it, but immediately began to turn it around and expand it into multiple online businesses capitalizing. We now have a Drop Shipping Internet Business, an Affiliate Marketing Internet Business, and our regular E-commerce internet business.
This simply the best internet business opportunity out there
Why are we the best home internet business program? It is because we partner with you to see success in your business. We are not just providing some tools and then walking away, we're here to help you through the whole process, keep you from spending money on things that don't work, providing the tools that do work, helping you build the plan, and keeping you motivated. You will never find another company willing to invest as much time in your business for so little.
How do you start your own internet business?
The least expensive and most successful way to start your own internet business is to call Justin at 435-760-7744 or e-mail him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it. . We can help you build a business that will succeed, we will provide you the tools that you need to succeed, and we will invest the time to ensure that it does succeed.