Today’s Episode, Episode #4,  is part 2 of the 10-part series,  “The Amazing FBA Startup System”.

This  was originally going to be a 5-Part series, then I expanded it to 7 parts. But to avoid mind-blowingly long and detailed episodes, I’ve decided to split up the whole area of Sourcing products from China (coming up in Parts 4-7). Hence the 10 resulting episodes.

In this episode is where we move on from the Research phase beloved of wantrepreneurs to actually making some early commitments by registering a company, and an internet domain.

 Glossary of Technical Terms used in Podcast:

Domain name – a particular web address, e.g., www.mikescookware.com.

Web hosting – this is where a company like bluehost will store your website on their computers. I use bluehost.com.

Content Management System (CMS) – this is basically a place where you can manage your website and edit it, like I’m doing right now, typing in this text and formatting it, or uploading photos etc. The most standard one for most blogs is WordPress, which is what I use.

HMRC – Her Majesty’s Revenue & Customs, i.e., the Inland Revenue aka the UK Tax Office

Tools and resources mentioned in the Podcast:

Trademark check in USA: USPTO (United States Patent and Trademark Office)

Domain availability check: www.123-reg.co.uk. I advise against using 123-reg to actually register a domain. Do it when you also set up webhosting with bluehost. com. Just use this as a check.

Registering a company in England/Wales: www.companiesmadesimple.com

Opening a Bank account:

Just use the Companies Made Simple deal with HSBC.

Or do as I do and use Metrobank. They have various options; I opted for the “Online Business Plus” account, which costs £10 a month basic fee. This allows you to do various useful things for the Amazon business, including most importantly, make international payments.

Avoid Santander Business Bank at all costs!

Setting up a Website:

Domain name purchase, web hosting, Content Management System (CMS)

Domain name purchase – Various websites will offer these, eg, godaddy.com. I prefer to have a one-stop shop so I use bluehost.com for both domain name buying and web hosting.

A .com domain for a year should cost you around $12.

Web hosting– loads of options. Bluehost seems good. I’ve used them for setting up probably 10 websites over the past 5 years.  I moved to site5.com for my hosting and regretted it, not because they don’t do this hosting job well, but because it is harder to do other things. Bluehost has excellent how-to video guides too.

www.wix.com – pros: very easy to set up, easy to edit, easy to look pretty. Integrates domain name registration, hosting and CMS. Free.

Cons: not very customisable.  Not as standard if you want to hire a techie to edit in future.

www.weebly.com – pros: very easy to set up, easy to edit, easy to look pretty. Integrates domain name registration, hosting and CMS.

Cons: not very customisable.  Not as standard if you want to hire a techie to edit in future. Email is set up via gmail. While gmail is excellent, I had massive trouble trying to get email working for a site I set up with weebly. In fact 3 months on, I haven’t solved it. Avoid for this reason.

www.bluehost.