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I hate to say this but..
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I hate to say this but..

mrnothersanmrnothersan Member
edited April 2013 in General

Dear LET members,

Please read this before commenting. I am now legally old enough to own a "business". I've registered with the tax office as a sole trader currently.

I know you're going to bash, and bash, and bash me for this, but before you start doing so - this isn't happening yet. PremiumVM closed due to school commitments that I had at the time. It's nearly time (in June) for me to leave school, and go to college when I'll have a lot more free time (due to days off etc). Therefore, PremiumVM is relaunching. 24/7 support WILL exist for shared/reseller clients to start with, and then for VPS clients shortly afterwards. I am not using any LEB providers for the shared/reseller side of this. I'm using an establish company (non-EIG!!) that has been around for a long time and provides 24/7 email, phone and chat support and also offers 24/7 end user support (hence the 24/7 support for shared/reseller clients to start..).

The problem before was this: I jumped in too soon with dedicated servers, etc, so didn't have enough coming in to cover everything. Therefore, I am starting small. I am going to start with a reseller account to sell shared, reseller, VPS and Dedicated Hosting. This means that I won't be loosing money for very long as this is a cheap option. This will work.

I want to confirm that this won't be happening until May/June time. I can also confirm that there will be no more faffing with PayPal - 2Checkout is being used (recommendations of alternatives like 2CO would be appreciated!). The reason I am using the PremiumVM name again is because it didn't last long enough last time to build up a really bad reputation.

Rather than surprise you and wait till May/June to tell you, I thought I'd do it now. It's better to do it earlier rather than later. I can also confirm that everything will be done properly this time - I've registered as a sole trader with the tax office, I will have some form of phone number (UK based - 0845/0844/0800/0870/0871/0330), etc.

Payment methods that will be accepted to start with - PayPal (via 2Checkout), Credit Card (via 2Checkout), GoCardless. In the future I will look to accept Payza (AlertPay, Moneybookers and also Liberty Reserve but they will not come for a while.

I understand there's going to be the usual criticism etc. I've been researching this for a while, talking to a local business advisory to see what I had to do to be "all legal". Therefore, I've done what they've advised me to do which was start with getting a tax ID and registering with the tax office (even though I won't need to pay tax to start with). The forms are in, just waiting for the tax ID to come through (Monday hopefully). I know you're going to say that this is going to fail again. Quite frankly, it's not. I'm not jumping in at the deep end like I had done in the past with SwitchVM and PremiumVM (phase 1). I'm starting at the shallow end, and then slowly going deeper.

I'd advise you to be as constructive as possible in this thread, and would ask you to direct any questions that you don't want others to see to my PM box, or via email to [email protected]

I welcome any questions, and advice you have to make this a success. Once again, please don't bash - and I am asking nicely for this! I will take on board any advice/suggestions you have and try to implement them.

Kind regards,

Dominic

«134

Comments

  • curtisgcurtisg Banned
    edited April 2013

    TL;DR version please:)?

    Edit:
    TL;DR = premiumvm coming back

  • I gave some advice in the past about this, dig the threads.
    I still think it will fail, you are not the right person for this, IMO. Not bashing, just a fact.

    Extremist conservative user, I wish to preserve human and civil rights, free speech, freedom of the press and worship, rule of law, democracy, peace and prosperity, social mobility, etc. Now you can draw your guns.

  • Being fairly new here, I'm not aware of your previous attempts, so I like to think that my judgement isn't as clouded by that. That said, I wish you the best of luck with your business endeavors.

    You could keep reading this on a site infamous for its ties to (ahem) one particular organization, or you could check out vpsBoard, which has no such ties and tolerates no bullshit. Your choice.

  • AlexBarakovAlexBarakov Member, Provider

    Lol... Just leave, please. You are an absolute joke.

    AlphaVPS - OpenVZ and KVM, DDoS Protected VPS in London, UK | Sofia, BG | Nuremberg, DE | NYC, US and LA, US. Cheap Dedicated servers with fast delivery!

  • DerekDerek Member
    edited April 2013

    You need a partner who can run the host while your in school.

    Also, don't listen to most of these people, companies people start fail all the time, 1st, 2nd, you'll get it right at one point.

  • @dominicl said: It's nearly time (in June) for me to leave school, and go to college when I'll have a lot more free time (due to days off etc).

    Are you sure???
    Hopefully it will be like that for you

  • Hello,

    @curtisg said: TL;DR = premiumvm coming back

    I'm not really sure what you mean by this, but anyway, I'll explain...

    The reason I am using this name is because it hasn't developed a "really awful" reputation that a lot of people will remember it for. I'll be honest - PremiumVM didn't have a lot of clients and didn't last long. Therefore, there aren't bad reviews or anything like that, that people will find easier.

    I will probably brand it like this eventually (not to start with):

    Central Site - ThePremiumNetwork.net
    Shared/Reseller Site - PremiumShared.com (available)
    VPS - PremiumVM.com (main site to start with..)
    Dedicated - PremiumDedi.com (already got domain from LCN in a promo a while back)
    Status (possibly) - undecided

    Again, would welcome any questions. I am being transparent here and brutally honest.

    I'd also like to thank @Andre for doing a good job on the site previously - it will be used with a few edits in place ;-)

    Kind regards,

    Dominic

  • @Derek said: You need a partner who can run the host while your in school.

    Exactly

  • AnthonySmithAnthonySmith Top Provider

    Best of luck dominic, if you need any support or advice drop me an email or PM.

  • mrnothersanmrnothersan Member
    edited April 2013

    Hello,

    @Alex_LiquidHost said: Lol... Just leave, please. You are an absolute joke.

    Thanks for that useful comment. I'm not as bad as shove.

    @Derek said: You need a partner who can run the host while your in school.

    There will be 24/7 support for shared/reseller to start off with as I said. However, I will be finding somebody else to run it alongside me so that I am not alone, yes.

    @yomero said: Are you sure???

    Hopefully it will be like that for you

    On a normal week, I'll get 1 day off a week (for work experience). However, I will have a lot more time on my hands and will be able to do some tickets and work during the day.

    @AnthonySmith said: Best of luck dominic, if you need any support or advice drop me an email or PM.

    Thanks Ant :-)

    Kind regards,

    Dominic

  • jhjh Member
    edited April 2013

    I don't think you should be doing this, Dominic. In fact I think it is a terrible idea..

    If you must though:
    - Don't use an 08 number or PBX, it's stupid when there's just you
    - Glad you're registering for tax but this could make things worse if you don't do your books properly. Make sure you have an accountant and get them to do as much as possible. You don't want HMRC on your back.
    - Maintaining multiple brands is a PITA. Don't do it.
    - Don't waste money on crappy outsourced support.

    If you want a deal on a reseller account or VPS, or any proper help getting set up, let me know.

    Greetings of the day!!!!

  • dominicl said: This means that I won't be loosing money for very long as this is a cheap option. This will work.

    The real question is whether you will be making enough money to make it worth your while and expand your business at the same time.

  • edited April 2013

    Enjoy life and get an education. Then the world is your oyster. Running yourself into the ground with thin margins, high customer expectations and limited free time is not how you should be spending this period of your life.

  • @Microlinux said: The real question is whether you will be making enough money to make it worth your while and expand your business at the same time.

    +1

    You could keep reading this on a site infamous for its ties to (ahem) one particular organization, or you could check out vpsBoard, which has no such ties and tolerates no bullshit. Your choice.

  • Hello,

    @jhadley said: I don't think you should be doing this, Dominic. In fact I think it is a terrible idea..

    I understand everybody has their own opinions and respect that. It's probably due to what's happened the other times, and I understand what you're thinking and totally respect that. However, as you will see by my post, I am doing thinigs differently (not diving straight into the deep end, starting shallow, and then slowly expanding)

    Let me address your points one by one:

    @jhadley said: - Don't use an 08 number or PBX, it's stupid when there's just you

    Alright, I understand that, yes. So would you recommend I don't have a phone number? Or get a local rate one from Skype, or similar?

    @jhadley said: Glad you're registering for tax but this could make things worse if you don't do your books properly. Make sure you have an accountant.

    Spoken to a local business advisory. To start with, I won't need to pay tax, but once I reach £9k (that's going to take a while), I will. I will need to fill in a personal (not company) tax form annually for whatever I earn (even if I don't need to pay tax).

    @jhadley said: Maintaining multiple brands is a PITA. Don't do it.

    Certainly taken on board, will stick with the current domain (PremiumVM) then.

    @jhadley said: Don't waste money on crappy outsourced support.

    The end-user support for shared/reseller clients isn't too bad as far as I'm aware, and isn't paid for!

    Regards,
    Dom

  • @Microlinux said: The real question is whether you will be making enough money to make it worth your while and expand your business at the same time.

    It will take a while, which is why I'm starting smaller than I've done previously - in order to make it worthwhile.

  • TD;DR summer is almost here!

  • jhjh Member

    @dominicl said: Alright, I understand that, yes. So would you recommend I don't have a phone number? Or get a local rate one from Skype, or similar?

    Mobile number or if you want to look a bit more professional, use a Skype number. It'll cost a bit though and you have to think carefully before spending any money an remember it's profit that matters.

    @dominicl said: Spoken to a local business advisory. To start with, I won't need to pay tax, but once I reach £9k (that's going to take a while), I will. I will need to fill in a personal (not company) tax form annually for whatever I earn (even if I don't need to pay tax).

    It might be different in Guernsey but in the UK you have to fill in forms and have paperwork to back it up regardless of whether you actually pay the tax. Check that out and make sure you keep good records. I would invest in Sage Instant Accounts for about £100 so you have something to do your books in properly.

    @dominicl said: Certainly taken on board, will stick with the current domain (PremiumVM) then.

    Glad you're listening to advice this time :)

    @dominicl said: The end-user support for shared/reseller clients isn't too bad as far as I'm aware, and isn't paid for!

    Ah your reseller provider is doing it?

    Greetings of the day!!!!

  • @vedran said: TD;DR summer is almost here!

    Hoping to start before summer, and last till next summer, and the summer after, and the summer after, and...

  • InfinityInfinity Member, Provider
    edited April 2013

    @Alex_LiquidHost said: Lol... Just leave, please. You are an absolute joke.

    That.

    Dominic, please do us a favour, wait at least a few more years.

    @dominicl said: Hoping to start before summer, and last till next summer, and the summer after, and the summer after, and...

    You said this last time.

  • Hey,

    @jhadley said: Mobile number or if you want to look a bit more professional, use a Skype number. It'll cost a bit though and you have to think carefully before spending any money an remember it's profit that matters.

    Certainly :-) A Skype number may work, and I'll look into the cheapest/best option nearer the time of needing it.

    @jhadley said: t might be different in Guernsey but in the UK you have to fill in forms and have paperwork to back it up regardless of whether you actually pay the tax. Check that out and make sure you keep good records. I would invest in Sage Instant Accounts for about £100 so you have something to do your books in properly.

    Thanks for that, will look into Sage. I've been told that I've got to fill in one annual tax form to state what I've earned regardless of whether I pay the tax, yes.

    @jhadley said: Ah your reseller provider is doing it?

    Yep, that's right :)

    @jhadley said: Glad you're listening to advice this time :)

    I certainly am :) Reason: to avoid what is happening last time, and regain a reputation on LET. It also is actually much easier, and it helps!!

  • @Infinity said: You said this last time.

    I know, and I know I said that I'm doing things differently last time but the planning that's happening for this one is much better, much, much better.

    I delved in at the deep end last time, and this isn't happening and can't happen.

  • jarjar Provider
    edited April 2013

    You know I've got nothing against you but here's what is going to happen. Prove me wrong. I mean it, I don't want to be right. Make me wrong.

    1. You start reselling.
    2. You make enough money to fund step 3.
    3. You rent a dedi and start selling your own VPS.
    4. You admit that step 2 never happened.
    5. You can no longer afford to uphold step 3.
    6. You sell.

    Your problem is a lack of patience and follow through. That's why you'll jump the gun and you'll find out that you were rich in high school compared to college. Please don't let me be right.

  • I suggest you to finish school first.
    You should know that education is one of the most important things.
    I think it's great that you are so young and interested in these things (I'm young too).
    But please take my advice seriously and only concentrate on school. After you finished your school you can do what you what but I think that it is not such a good idea to run a profitable company when you are still in college.

  • @jarland

    I'm going to address your points just like I have with all the others. Here's what's been planned and what's going to happen:

    I will be starting with reselling, yes I agree. I will have a reseller account for shared, and reseller. I will make an agreement with 1 or 2 VPS providers for reselling (I'm not sure which yet) and the same for dedicated providers.

    I am not going to get a dedicated server until I am making a profit of at least 50-75% and have more than enough to cover ALL costs associated. Until I can guarantee to pay for a dedicated server for each any every month, via profits and NOT my own money then it will not happen.

    I would expect to be at the reselling stage for at least 1 year, to be on the safe side.

    You will be proven wrong, like you hope!

    Regards,
    Dominic

  • @svenson said: I think that it is not such a good idea to run a profitable company when you are still in college.

    It can be done if there are people alongside me (I've had a few PM's so far!). If there is 1 or 2 people alongside me, along with support, then it can work.

  • svensonsvenson Member
    edited April 2013

    sry doublepost :o

  • jhjh Member

    You'll be reselling reseller accounts? Why not just buy a VPS? Seems like the smart place to start is with a reasonably priced VPS with cPanel. At least this way the clients are actually yours and should you make enough money, you can move them.

    Greetings of the day!!!!

  • Considered getting a job with an established host? It will let you get experience, earn money but more importantly let you walk out of the door without any repercussions.

  • That isn't how that works. College takes more time than high school does. Nobody is going to hold your hand or tell you what you need to do. You need to do everything yourself outside of class hours. For every credit hour, you should spend 2 hours a week reviewing the content for the week.

  • joepie91joepie91 Member, Provider

    @svenson said: I suggest you to finish school first.

    You should know that education is one of the most important things.
    I think it's great that you are so young and interested in these things (I'm young too).
    But please take my advice seriously and only concentrate on school. After you finished your school you can do what you what but I think that it is not such a good idea to run a profitable company when you are still in college.

    While I don't think it's a good idea for @dominicl to get back into business right now, I do have to point out that school and education are not the same thing. "Going to school" is not the only way to educate yourself, and often actually a worse method than self-education.

  • Hi,

    @jhadley said: You'll be reselling reseller accounts? Why not just buy a VPS? Seems like the smart place to start is with a reasonably priced VPS with cPanel. At least this way the clients are actually yours and should you make enough money, you can move them.

    I was considering getting a master reseller account (most reseller accounts now are master reseller) so that I could sell reseller accounts myself. I have also considered getting a VPS with cPanel but I'm not sure which way I'm going to go at the moment. 24/7 end user support is available with reseller accounts, but generally not VPS.

    @ShardHost said: Considered getting a job with an established host?

    I've already got one currently. I don't want to name at the moment.

    Regards,
    Dominic

  • jhjh Member

    @DamienSB - by college he means what Americans call high school.

    Greetings of the day!!!!

  • jarjar Provider

    @dominicl said: I am not going to get a dedicated server until I am making a profit

    Hold yourself to that, I mean it. Here's why...

    @dominicl said: I would expect to be at the reselling stage for at least 1 year, to be on the safe side.

    VPS and dedicated customers are often the type to know what they are doing. Not always, of course, but as a reseller you can't reach the ones that don't know what they're doing because you can't post your offers on LEB. There aren't enough on LET that will be interested, I promise. WHT is your new friend, and it's beyond the point of saturated.

    Shared hosting is your best bet and you will need to develop relationships and work with people because you could post on WHT that you'll pay people $15 to sign up and you still won't get an order for shared hosting.

    Maybe it won't play out that way, but if it does, don't move forward until you have sustainable income to support it.

  • @DamienSB said: That isn't how that works. College takes more time than high school does. Nobody is going to hold your hand or tell you what you need to do. You need to do everything yourself outside of class hours. For every credit hour, you should spend 2 hours a week reviewing the content for the week.

    I understand this - and college is local to me by the way (about a 15 minute drive, max, in traffic!). However, if I have others on board this venture (as I've already had PM's..) then this can work.

    @joepie91 said: While I don't think it's a good idea for @dominicl to get back into business right now, I do have to point out that school and education are not the same thing. "Going to school" is not the only way to educate yourself, and often actually a worse method than self-education.

    Thanks for the input joepie :)

  • jhjh Member

    @dominicl said: I was considering getting a master reseller account (most reseller accounts now are master reseller) so that I could sell reseller accounts myself. I have also considered getting a VPS with cPanel but I'm not sure which way I'm going to go at the moment. 24/7 end user support is available with reseller accounts, but generally not VPS.

    Get a VPS, trust me. A master reseller account is a bad idea.

    As for the support, do it yourself. There won't be much of it.

    Greetings of the day!!!!

  • @jhadley said: by college he means what Americans call high school.

    In that case, you still won't have enough time for both. If you can't do it full time; don't do it.

  • @jarland said: I promise. WHT is your new friend, and it's beyond the point of saturated.

    I can't post on WHT as I am banned there. The WHT mods made a mistake (harsh but true), and they won't admit to it, so I've left it at that with them. They won't budge, at all. I don't want to explain the reason for the ban now as it's a long story - but they are wrong but won't admit to it.

    @jarland said: Maybe it won't play out that way, but if it does, don't move forward until you have sustainable income to support it.

    Understood and I won't move forward until I have a sustainable income to support the move :-)

    @jhadley said: @DamienSB - by college he means what Americans call high school.

    What he said.

  • Nick_ANick_A Top Provider

    @ShardHost said: Enjoy life and get an education. Then the world is your oyster. Running yourself into the ground with thin margins, high customer expectations and limited free time is not how you should be spending this period of your life.

    Yep!

    RamNode: High Performance Cloud VPS
    NYC - LA - ATL - SEA - NL - DDoS Protection
  • @jhadley said: Get a VPS, trust me. A master reseller account is a bad idea.

    As for the support, do it yourself. There won't be much of it.

    Certainly taken on board, thank you :-) I will consider that, as there won't be much support to be honest.

    In that case, you still won't have enough time for both. If you can't do it full time; don't do it.

    If there are other people on the team, then I don't think this is an issue. Others that I know have jobs and hosting companies, but have others to assist. Lots of LEB providers that I know of have jobs, but have other staff.

  • jarjar Provider

    @joepie91 said: school and education are not the same thing

    True story: I graduated with people who can't read. I'm not worried about them finding out that I'm talking about them, for obvious reasons.

  • support123support123 Member
    edited April 2013

    study and enjoy now . want to resell? welcome..

    I am not Rick

  • mrnothersanmrnothersan Member
    edited April 2013

    @ftpit said: study and enjoy now ......

    As above, I of course am going to study. I will be picking 1 or 2 people out of the guys who've contacted me to work alongside me and to take some of the "load" off, so I won't have as much to do.

  • jarjar Provider
    edited April 2013

    @jhadley said: Seems like the smart place to start is with a reasonably priced VPS with cPanel.

    Btw for the record @dominicl, I'm with @jhadley on this. This way you start cheap and it's YOUR product. Sure you won't run the server, but look at the rest of us. We're all resellers of something. Even if it's just the space we shove the rack in. You get to secure and optimize it, you get to make it your own flavor of product. Catalyst Host started on a burstnet VPS and if anyone asks me tomorrow if that's true I'm telling them that @jarland is a lying sack of crap.

  • @jarland -

    I will certainly be taking yours and James' comments on board and will definitely look into getting a VPS with cPanel. I've had lots of cPanel VPS's in the past - just need to find a provider that provides services that "just work".

  • jhjh Member

    @dominicl said: I will certainly be taking yours and James' comments on board and will definitely look into getting a VPS with cPanel. I've had lots of cPanel VPS's in the past - just need to find a provider that provides services that "just work"

    For something that 'just works', consider something managed by the provider, and possibly Plesk instead of cPanel. Plesk gives similar functionality with fewer things that can go wrong.

    If you want a quote, just let me know.

    Greetings of the day!!!!

  • @jhadley said: For something that 'just works', consider something managed by the provider, and possibly Plesk instead of cPanel. Plesk gives similar functionality with fewer things that can go wrong.

    If you want a quote, just let me know.

    Hello,

    Will email you.

    Regards,
    Dominic

  • jarjar Provider

    @jhadley said: Plesk gives similar functionality with fewer things that can go wrong.

    I don't know about in 2013 but just FYI, we used Plesk in 2011 and my version of your statement would be "More things can go wrong and less you can do to fix them."

  • @jarland said: I don't know about in 2013 but just FYI, we used Plesk in 2011 and my version of your statement would be "More things can go wrong and less you can do to fix them."

    I've never used Plesk but have used cPanel loads of times.

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